3D Systems’ (DDD) Hold Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of 3D Systems (NYSE:DDD) in a report published on Friday morning,Benzinga reports.

Several other analysts have also recently weighed in on DDD. Craig Hallum raised 3D Systems to a “hold” rating in a report on Thursday, December 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday, March 22nd. Finally, StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $3.67.

3D Systems Trading Down 1.6 %

Shares of DDD stock opened at $2.12 on Friday. The company has a market capitalization of $286.84 million, a PE ratio of -0.53 and a beta of 1.63. 3D Systems has a 52-week low of $1.72 and a 52-week high of $5.00. The business’s fifty day moving average is $3.49 and its 200 day moving average is $3.24. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Weiss Asset Management LP purchased a new stake in 3D Systems during the third quarter valued at about $1,143,000. XTX Topco Ltd boosted its holdings in 3D Systems by 1,844.0% during the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after acquiring an additional 341,308 shares during the period. Barclays PLC grew its position in 3D Systems by 260.1% during the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after acquiring an additional 149,793 shares during the last quarter. Geode Capital Management LLC increased its stake in 3D Systems by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after purchasing an additional 38,431 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in 3D Systems by 17.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company’s stock valued at $3,913,000 after purchasing an additional 178,102 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors.

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.