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

3D Systems (NYSE:DDD - Get Free Report)'s stock had its "hold" rating reissued by Needham & Company LLC in a report released on Friday,Benzinga reports.

Other research analysts also recently issued research reports about the company. Lake Street Capital lowered their target price on 3D Systems from $6.00 to $4.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Loop Capital dropped their price objective on shares of 3D Systems from $4.50 to $2.00 and set a "hold" rating for the company in a research note on Thursday, September 5th. StockNews.com raised shares of 3D Systems from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Cantor Fitzgerald reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $3.25.

3D Systems Price Performance

Shares of NYSE DDD traded up $0.01 during trading hours on Friday, hitting $2.96. 1,344,630 shares of the stock were exchanged, compared to its average volume of 2,257,997. 3D Systems has a 1-year low of $1.72 and a 1-year high of $6.85. The company has a market cap of $401.44 million, a PE ratio of -0.76 and a beta of 1.65. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.42 and a current ratio of 3.31. The company's fifty day simple moving average is $3.03 and its two-hundred day simple moving average is $3.12.

3D Systems (NYSE:DDD - Get Free Report) last issued its earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.11). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. The business had revenue of $113.25 million during the quarter, compared to analyst estimates of $125.15 million. On average, sell-side analysts predict that 3D Systems will post -0.67 EPS for the current year.

Institutional Investors Weigh In On 3D Systems

Institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new stake in 3D Systems during the third quarter worth approximately $25,000. Murchinson Ltd. acquired a new position in shares of 3D Systems during the 3rd quarter valued at $28,000. HighTower Advisors LLC bought a new stake in 3D Systems in the 3rd quarter valued at about $31,000. Inspire Investing LLC acquired a new position in 3D Systems during the 2nd quarter worth approximately $35,000. Finally, Ballentine Partners LLC bought a new position in 3D Systems in the third quarter worth approximately $36,000. 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.