3D Systems (NYSE:DDD) Shares Up 5.4% - Still a Buy?

3D Systems Co. (NYSE:DDD - Get Free Report) shares shot up 5.4% during trading on Monday . The company traded as high as $3.74 and last traded at $3.80. 683,122 shares traded hands during trading, a decline of 74% from the average session volume of 2,619,637 shares. The stock had previously closed at $3.60.

Analyst Ratings Changes

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

3D Systems Price Performance

The firm has a 50-day simple moving average of $3.41 and a 200 day simple moving average of $3.06. The firm has a market cap of $635.38 million, a PE ratio of -1.18 and a beta of 1.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34.

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 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%. As a group, equities analysts expect that 3D Systems Co. will post -0.73 EPS for the current year.

Insiders Place Their Bets

In other 3D Systems news, CEO Jeffrey A. Graves bought 60,000 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of $3.85 per share, with a total value of $231,000.00. Following the transaction, the chief executive officer now owns 1,091,782 shares in the company, valued at $4,203,360.70. This represents a 5.82 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Charles W. Hull sold 115,971 shares of the company'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 owns 331,955 shares in the company, valued at $1,281,346.30. This represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Institutional Trading of 3D Systems

A number of large investors have recently made changes to their positions in DDD. Point72 DIFC Ltd purchased a new position in 3D Systems in the third quarter worth about $25,000. Murchinson Ltd. bought a new position in shares of 3D Systems in the 3rd quarter worth approximately $28,000. Blue Trust Inc. boosted its holdings in shares of 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock worth $33,000 after buying an additional 8,050 shares during the last quarter. HighTower Advisors LLC bought a new stake in 3D Systems during the third quarter valued at approximately $31,000. Finally, Ballentine Partners LLC purchased a new stake in 3D Systems during the third quarter valued at approximately $36,000. 64.49% of the stock is currently owned by institutional investors.

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.