3D Systems Co. (NYSE:DDD) Receives $3.25 Consensus PT from Brokerages

Shares of 3D Systems Co. (NYSE:DDD - Get Free Report) have been assigned an average rating of "Hold" from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $3.25.

DDD has been the subject of several analyst reports. Craig Hallum upgraded shares of 3D Systems to a "hold" rating in a research note on Thursday, December 12th. Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a research note on Wednesday, January 15th. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research report on Wednesday, February 19th. Finally, StockNews.com raised shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th.

3D Systems Stock Down 8.6 %

NYSE:DDD traded down $0.29 on Friday, hitting $3.10. The stock had a trading volume of 2,717,668 shares, compared to its average volume of 2,792,633. 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 stock has a market cap of $420.42 million, a P/E ratio of -0.78 and a beta of 1.63. 3D Systems has a 1 year low of $1.72 and a 1 year high of $5.25. The firm's fifty day simple moving average is $3.71 and its two-hundred day simple moving average is $3.18.

Insider Activity

In other 3D Systems news, CEO Jeffrey A. Graves acquired 60,000 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $3.85 per share, with a total value of $231,000.00. Following the acquisition, the chief executive officer now owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. This represents a 5.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Charles W. Hull sold 115,971 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the transaction, the executive vice president now directly owns 331,955 shares of the company's stock, valued at approximately $1,281,346.30. The trade was 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.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in 3D Systems in the 3rd quarter valued at $25,000. Murchinson Ltd. purchased a new stake in shares of 3D Systems during the 3rd quarter valued at $28,000. Blue Trust Inc. raised its position in shares of 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock valued at $33,000 after buying an additional 8,050 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of 3D Systems during the 3rd quarter valued at $31,000. Finally, Cibc World Markets Corp purchased a new stake in shares of 3D Systems during the 4th quarter valued at $39,000. 64.49% of the stock is 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.