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

3D Systems Co. (NYSE:DDD - Get Free Report) has been assigned an average recommendation of "Hold" from the five research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $3.25.

A number of analysts have commented on the stock. StockNews.com upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research note on Saturday, February 1st. Craig Hallum raised 3D Systems to a "hold" rating in a research report on Thursday, December 12th. Finally, Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research note on Wednesday, January 15th.

Insider Activity at 3D Systems

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

Institutional Investors Weigh In On 3D Systems

A number of institutional investors and hedge funds have recently bought and sold shares of DDD. ARK Investment Management LLC lifted its holdings in shares of 3D Systems by 13.8% during the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company's stock worth $14,478,000 after acquiring an additional 535,287 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of 3D Systems by 2.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company's stock worth $10,506,000 after purchasing an additional 68,530 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 3D Systems by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company's stock valued at $8,541,000 after purchasing an additional 38,431 shares during the last quarter. Silverberg Bernstein Capital Management LLC raised its holdings in shares of 3D Systems by 8.2% during the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 1,323,709 shares of the 3D printing company's stock valued at $4,342,000 after buying an additional 99,950 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in 3D Systems by 17.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,193,107 shares of the 3D printing company's stock worth $3,913,000 after buying an additional 178,102 shares during the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

3D Systems Trading Down 0.7 %

NYSE DDD traded down $0.04 during mid-day trading on Wednesday, reaching $4.69. 3,109,427 shares of the stock were exchanged, compared to its average volume of 3,097,009. The stock has a 50 day simple moving average of $3.44 and a 200-day simple moving average of $3.07. The stock has a market cap of $635.38 million, a P/E ratio of -1.18 and a beta of 1.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems has a one year low of $1.72 and a one year high of $5.75.

3D Systems (NYSE:DDD - Get Free Report) last issued its earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. On average, analysts anticipate that 3D Systems will post -0.73 EPS for the current year.

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.