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

3D Systems Co. (NYSE:DDD - Get Free Report) has been assigned a consensus rating of "Hold" from the five analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $3.67.

DDD has been the topic of several research reports. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a report on Friday. Craig Hallum raised shares of 3D Systems to a "hold" rating in a research note on Thursday, December 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 3D Systems in a research report on Saturday, March 22nd. StockNews.com raised 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, Cantor Fitzgerald decreased their target price on 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a research report on Friday.

3D Systems Trading Down 1.6 %

Shares of DDD stock traded down $0.04 on Thursday, reaching $2.12. 3,813,384 shares of the stock were exchanged, compared to its average volume of 2,608,384. 3D Systems has a 1-year low of $1.72 and a 1-year high of $5.00. The stock has a market cap of $286.84 million, a P/E ratio of -0.53 and a beta of 1.63. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The firm has a 50 day moving average of $3.49 and a two-hundred day moving average of $3.24.

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Hedge Funds Weigh In On 3D Systems

A number of institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in shares of 3D Systems during the third quarter worth about $25,000. Murchinson Ltd. purchased a new stake in 3D Systems during the 3rd quarter worth approximately $28,000. HighTower Advisors LLC acquired a new position in shares of 3D Systems in the 3rd quarter valued at approximately $31,000. Blue Trust Inc. boosted its stake 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 during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of 3D Systems during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds 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.