Needham & Company LLC Reiterates Hold Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD - Get Free Report)'s stock had its "hold" rating reaffirmed by investment analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports.

A number of other research analysts have also recently issued reports on the stock. Craig Hallum raised shares of 3D Systems to a "hold" rating in a report on Thursday, December 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 3D Systems in a report on Saturday, March 22nd. Finally, StockNews.com raised 3D Systems from a "sell" rating to a "hold" rating in a report on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $3.67.

3D Systems Stock Performance

NYSE DDD traded down $0.06 on Friday, hitting $2.07. 1,223,546 shares of the company's stock were exchanged, compared to its average volume of 2,604,829. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The firm's 50-day moving average price is $3.47 and its two-hundred day moving average price is $3.24. The firm has a market cap of $280.06 million, a price-to-earnings ratio of -0.52 and a beta of 1.63. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $5.00.

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Hedge Funds Weigh In On 3D Systems

Institutional investors have recently made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in 3D Systems by 15.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 16,779 shares of the 3D printing company's stock worth $55,000 after acquiring an additional 2,279 shares during the period. Cetera Investment Advisers grew its position in shares of 3D Systems by 2.3% in the fourth quarter. Cetera Investment Advisers now owns 127,106 shares of the 3D printing company's stock valued at $417,000 after purchasing an additional 2,887 shares during the period. Intech Investment Management LLC increased its stake in 3D Systems by 6.4% in the third quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company's stock valued at $149,000 after purchasing an additional 3,166 shares during the last quarter. Rhumbline Advisers lifted its position in 3D Systems by 2.2% during the fourth quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company's stock worth $680,000 after buying an additional 4,451 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in 3D Systems by 67.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company's stock worth $46,000 after buying an additional 5,700 shares during the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

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.