3D Systems (NYSE:DDD) Stock Price Up 8.1% - Still a Buy?

3D Systems Co. (NYSE:DDD - Get Free Report)'s share price traded up 8.1% on Thursday . The company traded as high as $4.65 and last traded at $4.63. 1,426,100 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 2,902,342 shares. The stock had previously closed at $4.28.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of 3D Systems from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a report on Wednesday, January 15th. Craig Hallum upgraded shares of 3D Systems to a "hold" rating in a report on Thursday, December 12th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a report on Saturday, February 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, 3D Systems has an average rating of "Hold" and an average price target of $3.25.

3D Systems Trading Up 0.3 %

The firm has a market capitalization of $635.38 million, a PE ratio of -1.18 and a beta of 1.63. The company's 50-day moving average price is $3.67 and its 200-day moving average price is $3.10. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

3D Systems (NYSE:DDD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. On average, sell-side analysts expect that 3D Systems Co. will post -0.73 earnings per share for the current year.

Insider Transactions at 3D Systems

In other news, EVP Charles W. Hull sold 115,971 shares of the business's stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the transaction, the executive vice president now directly owns 331,955 shares in the company, valued at $1,281,346.30. The trade was a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey A. Graves acquired 60,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the acquisition, the chief executive officer now owns 1,091,782 shares of the company's stock, valued at $4,203,360.70. This represents a 5.82 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company's stock.

Institutional Trading of 3D Systems

Institutional investors have recently added to or reduced their stakes in the stock. Weiss Asset Management LP purchased a new stake in shares of 3D Systems in the third quarter valued at about $1,143,000. XTX Topco Ltd lifted its holdings in shares of 3D Systems by 1,844.0% in the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company's stock valued at $1,022,000 after purchasing an additional 341,308 shares in the last quarter. Barclays PLC lifted its holdings in shares of 3D Systems by 260.1% in the third quarter. Barclays PLC now owns 207,379 shares of the 3D printing company's stock valued at $589,000 after purchasing an additional 149,793 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 3D Systems by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company's stock valued at $8,541,000 after purchasing an additional 38,431 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of 3D Systems by 822.7% in the fourth quarter. Inspire Investing LLC now owns 139,685 shares of the 3D printing company's stock valued at $458,000 after purchasing an additional 124,547 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company's stock.

About 3D Systems

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.