3D Systems’ (DDD) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of 3D Systems (NYSE:DDD) in a research report report published on Saturday,Weiss Ratings reports.

Other equities research analysts also recently issued reports about the company. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Stock Down 0.8 %

Shares of DDD opened at $3.09 on Friday. The firm has a market capitalization of $418.39 million, a price-to-earnings ratio of -0.78 and a beta of 1.61. 3D Systems has a 52 week low of $1.72 and a 52 week high of $5.75. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The business’s fifty day moving average price is $3.26 and its two-hundred day moving average price is $3.05.

Insider Buying and Selling at 3D Systems

In other 3D Systems news, CEO Jeffrey A. Graves bought 60,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. The trade was a 5.82 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Charles W. Hull sold 115,971 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the transaction, the executive vice president now owns 331,955 shares of the company’s stock, valued at approximately $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

Large investors have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in 3D Systems during the 3rd quarter worth $25,000. Murchinson Ltd. acquired a new stake in 3D Systems during the 3rd quarter valued at approximately $28,000. HighTower Advisors LLC bought a new position in 3D Systems during the 3rd quarter worth approximately $31,000. Inspire Investing LLC bought a new position in 3D Systems during the second quarter worth $35,000. Finally, Ballentine Partners LLC bought a new stake in 3D Systems during the third quarter valued at $36,000. 64.49% of the stock is currently owned by institutional investors.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.