3D Systems Co. (NYSE:DDD) Receives Average Rating of “Hold” from Brokerages

Shares of 3D Systems Co. (NYSE:DDD) have received an average rating of “Hold” from the five analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $3.25.

DDD has been the topic of a number of recent research reports. Craig Hallum raised 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, March 22nd. Finally, StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, March 18th.

Institutional Investors Weigh In On 3D Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Icon Advisers Inc. Co. purchased a new position in 3D Systems during the fourth quarter worth about $5,248,000. Penn Capital Management Company LLC purchased a new position in shares of 3D Systems during the 4th quarter worth about $5,214,000. Two Sigma Advisers LP boosted its position in shares of 3D Systems by 553.9% in the fourth quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock worth $4,712,000 after acquiring an additional 1,216,900 shares during the last quarter. Two Sigma Investments LP grew its holdings in 3D Systems by 172.2% in the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock valued at $4,894,000 after purchasing an additional 944,010 shares during the period. Finally, ARK Investment Management LLC increased its position in 3D Systems by 13.8% during the fourth quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock worth $14,478,000 after purchasing an additional 535,287 shares during the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Stock Performance

Shares of DDD opened at $2.73 on Thursday. The company has a 50-day moving average of $3.53 and a two-hundred day moving average of $3.23. The stock has a market cap of $369.56 million, a P/E ratio of -0.68 and a beta of 1.63. 3D Systems has a 12-month low of $1.72 and a 12-month high of $5.00. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

3D Systems Company Profile

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.