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

3D Systems Co. (NYSE:DDD - Get Free Report) has been given a consensus rating of "Hold" by the five research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $3.25.

Several analysts have commented on the stock. Lake Street Capital decreased their price target on shares of 3D Systems from $6.00 to $4.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. StockNews.com raised shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research report on Thursday, December 12th. Cantor Fitzgerald decreased their price objective on shares of 3D Systems from $5.50 to $3.75 and set an "overweight" rating for the company in a research report on Friday, August 30th. Finally, Craig Hallum upgraded shares of 3D Systems to a "hold" rating in a report on Thursday, December 12th.

Institutional Investors Weigh In On 3D Systems

Hedge funds have recently modified their holdings of the stock. Weiss Asset Management LP purchased a new position in shares of 3D Systems in the third quarter valued at $1,143,000. XTX Topco Ltd grew its holdings in shares of 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 worth $1,022,000 after purchasing an additional 341,308 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of 3D Systems during the 2nd quarter worth about $824,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in 3D Systems by 85.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company's stock worth $2,692,000 after acquiring an additional 403,175 shares during the period. Finally, Silverberg Bernstein Capital Management LLC boosted its holdings in 3D Systems by 32.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company's stock worth $3,475,000 after acquiring an additional 302,484 shares during the period. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Stock Down 4.3 %

NYSE:DDD traded down $0.17 during mid-day trading on Tuesday, reaching $3.79. The company's stock had a trading volume of 2,152,228 shares, compared to its average volume of 2,330,519. 3D Systems has a 1 year low of $1.72 and a 1 year high of $6.85. The stock has a fifty day moving average of $3.16 and a 200-day moving average of $3.08. The firm has a market capitalization of $514.00 million, a PE ratio of -0.99 and a beta of 1.64. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

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.