3D Systems (NYSE:DDD) Shares Gap Up - Should You Buy?

Shares of 3D Systems Co. (NYSE:DDD - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $3.04, but opened at $3.39. 3D Systems shares last traded at $3.82, with a volume of 4,484,326 shares.

Wall Street Analyst Weigh In

DDD has been the topic of a number of research reports. Craig Hallum raised 3D Systems to a "hold" rating in a research note on Thursday, December 12th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 3D Systems in a research note on Saturday, January 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research note on Wednesday, January 15th. Finally, StockNews.com raised 3D Systems from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $3.25.

3D Systems Trading Up 26.4 %

The stock has a market capitalization of $521.05 million, a PE ratio of -0.97 and a beta of 1.61. The firm has a 50 day moving average price of $3.27 and a 200 day moving average price of $3.05. 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 (NYSE:DDD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. Equities analysts expect that 3D Systems Co. will post -0.73 EPS for the current fiscal year.

Insider Activity at 3D Systems

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the transaction, the executive vice president now directly owns 331,955 shares of the company's stock, valued at approximately $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Graves acquired 60,000 shares of 3D Systems stock in a transaction on Tuesday, December 17th. The shares were purchased at an average cost of $3.85 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,091,782 shares of the company's stock, valued at $4,203,360.70. This trade represents a 5.82 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On 3D Systems

Several institutional investors and hedge funds have recently bought and sold shares of DDD. American Century Companies Inc. boosted its holdings in shares of 3D Systems by 25.0% in the second quarter. American Century Companies Inc. now owns 158,855 shares of the 3D printing company's stock worth $488,000 after acquiring an additional 31,732 shares during the period. XTX Topco Ltd purchased a new stake in 3D Systems during the second quarter valued at about $57,000. Intech Investment Management LLC purchased a new stake in 3D Systems during the second quarter valued at about $151,000. AE Wealth Management LLC purchased a new stake in 3D Systems during the second quarter valued at about $47,000. Finally, Public Sector Pension Investment Board raised its position in 3D Systems by 6.0% during the second quarter. Public Sector Pension Investment Board now owns 293,608 shares of the 3D printing company's stock valued at $901,000 after purchasing an additional 16,710 shares in the last quarter. 64.49% of the stock is owned by institutional investors.

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.