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

Needham & Company LLC reissued their hold rating on shares of 3D Systems (NYSE:DDD - Free Report) in a research report sent to investors on Friday morning,Benzinga reports.

Several other equities analysts have also recently issued reports on DDD. Cantor Fitzgerald dropped their price target on 3D Systems from $5.50 to $3.75 and set an "overweight" rating on the stock in a research report on Friday, August 30th. StockNews.com lowered 3D Systems from a "hold" rating to a "sell" rating in a report on Tuesday, September 10th. Lake Street Capital decreased their price target on 3D Systems from $6.00 to $4.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Finally, Loop Capital dropped their price objective on shares of 3D Systems from $4.50 to $2.00 and set a "hold" rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $3.25.

3D Systems Stock Performance

DDD traded up $0.09 during trading on Friday, hitting $2.93. 1,685,443 shares of the stock were exchanged, compared to its average volume of 2,226,307. The company has a quick ratio of 2.42, a current ratio of 3.46 and a debt-to-equity ratio of 0.55. 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 price of $2.87 and a two-hundred day moving average price of $3.16. The firm has a market capitalization of $391.36 million, a P/E ratio of -1.04 and a beta of 1.65.

3D Systems (NYSE:DDD - Get Free Report) last announced its earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.11). The business had revenue of $113.25 million during the quarter, compared to analyst estimates of $125.15 million. 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. As a group, sell-side analysts predict that 3D Systems will post -0.67 earnings per share for the current year.

Institutional Trading of 3D Systems

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in 3D Systems by 0.7% in the first quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company's stock valued at $63,127,000 after acquiring an additional 98,797 shares during the period. Tidal Investments LLC acquired a new stake in shares of 3D Systems in the first quarter valued at about $271,000. Gabelli Funds LLC boosted its holdings in 3D Systems by 53.6% during the first quarter. Gabelli Funds LLC now owns 61,435 shares of the 3D printing company's stock worth $273,000 after buying an additional 21,435 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in 3D Systems during the second quarter worth about $824,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in 3D Systems by 85.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company's stock worth $2,692,000 after buying an additional 403,175 shares during the period. 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.