3D Systems (NYSE:DDD) Price Target Cut to $5.00 by Analysts at Cantor Fitzgerald

3D Systems (NYSE:DDD - Get Free Report) had its price objective reduced by analysts at Cantor Fitzgerald from $5.75 to $5.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the 3D printing company's stock. Cantor Fitzgerald's price target would indicate a potential upside of 142.13% from the stock's current price.

Other equities analysts also recently issued reports about the stock. StockNews.com upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th. Craig Hallum raised 3D Systems to a "hold" rating in a report on Thursday, December 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a report on Saturday, March 22nd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, 3D Systems presently has an average rating of "Hold" and an average target price of $3.67.

3D Systems Stock Performance

DDD stock traded down $0.06 during midday trading on Friday, hitting $2.07. The stock had a trading volume of 1,223,546 shares, compared to its average volume of 2,604,829. 3D Systems has a 52 week low of $1.72 and a 52 week high of $5.00. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The stock has a 50-day simple moving average of $3.47 and a 200 day simple moving average of $3.24. The firm has a market capitalization of $280.06 million, a price-to-earnings ratio of -0.52 and a beta of 1.63.

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Institutional Trading of 3D Systems

Several hedge funds have recently modified their holdings of the company. Intech Investment Management LLC increased its holdings in 3D Systems by 6.4% during the 3rd 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 in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of 3D Systems during the third quarter worth $170,000. BNP Paribas Financial Markets increased its stake in shares of 3D Systems by 14.4% in the third quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company's stock valued at $133,000 after buying an additional 5,884 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 3D Systems by 30.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,342 shares of the 3D printing company's stock valued at $140,000 after buying an additional 11,616 shares during the last quarter. Finally, Walleye Capital LLC increased its position in 3D Systems by 3,140.9% in the 3rd quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company's stock valued at $1,445,000 after acquiring an additional 525,688 shares in the last quarter. 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.