3D Systems (NYSE:DDD) Stock Price Up 5.4% - Here's What Happened

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

Analyst Ratings Changes

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

3D Systems Price Performance

The stock has a fifty day moving average of $3.44 and a two-hundred day moving average of $3.07. 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 market capitalization of $635.38 million, a price-to-earnings ratio of -1.18 and a beta of 1.63.

3D Systems (NYSE:DDD - Get Free Report) last announced its earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share 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%. As a group, equities research analysts forecast that 3D Systems Co. will post -0.73 earnings per share for the current year.

Insider Transactions at 3D Systems

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Weiss Asset Management LP acquired a new position in 3D Systems in the third quarter valued at about $1,143,000. XTX Topco Ltd boosted its stake in 3D Systems by 1,844.0% in the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company's stock worth $1,022,000 after purchasing an additional 341,308 shares during the period. Barclays PLC raised its stake in shares of 3D Systems by 260.1% in the 3rd 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 during the period. Geode Capital Management LLC boosted its position in shares of 3D Systems by 1.3% during the third quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company's stock worth $8,541,000 after buying an additional 38,431 shares during the period. Finally, Inspire Investing LLC grew its holdings in shares of 3D Systems by 822.7% during the fourth quarter. Inspire Investing LLC now owns 139,685 shares of the 3D printing company's stock worth $458,000 after buying an additional 124,547 shares in the last quarter. Institutional investors 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.