Cantor Fitzgerald Cuts 3D Systems (NYSE:DDD) Price Target to $5.00

3D Systems (NYSE:DDD) had its target price reduced by Cantor Fitzgerald from $5.75 to $5.00 in a research report released on Friday morning,Benzinga reports. They currently have an overweight rating on the 3D printing company’s stock.

DDD has been the topic of several other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, March 22nd. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Friday. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Finally, StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.67.

3D Systems Price Performance

Shares of NYSE DDD opened at $2.12 on Friday. 3D Systems has a 1-year low of $1.72 and a 1-year 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. The firm has a market cap of $286.84 million, a P/E ratio of -0.53 and a beta of 1.63. The business’s 50 day moving average is $3.49 and its 200-day moving average is $3.24.

Institutional Investors Weigh In On 3D Systems

Several institutional investors and hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd acquired a new position in 3D Systems in the third quarter valued at approximately $25,000. Murchinson Ltd. bought a new position in 3D Systems during the third quarter worth $28,000. HighTower Advisors LLC bought a new position in 3D Systems during the third quarter worth $31,000. Blue Trust Inc. increased its stake in 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after purchasing an additional 8,050 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in 3D Systems in the fourth quarter valued at $39,000. Institutional investors own 64.49% of the company’s stock.

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.