3D Systems (NYSE:DDD) Receives Hold Rating from Needham & Company LLC

3D Systems (NYSE:DDD - Get Free Report)'s stock had its "hold" rating reaffirmed by investment analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports.

Several other research analysts have also recently commented on DDD. Loop Capital reduced their price target on 3D Systems from $4.50 to $2.00 and set a "hold" rating for the company in a research report on Thursday, September 5th. Lake Street Capital cut their price objective on 3D Systems from $6.00 to $4.00 and set a "buy" rating for the company in a report 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, November 28th. Finally, Cantor Fitzgerald dropped their price target on shares of 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 given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $3.25.

3D Systems Stock Up 21.4 %

DDD stock traded up $0.72 during midday trading on Thursday, hitting $4.09. The company's stock had a trading volume of 8,588,745 shares, compared to its average volume of 2,322,023. The company's fifty day moving average price is $3.09 and its 200 day moving average price is $3.07. 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 has a twelve month low of $1.72 and a twelve month high of $6.85. The stock has a market capitalization of $554.69 million, a P/E ratio of -0.91 and a beta of 1.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DDD. ARK Investment Management LLC raised its position in shares of 3D Systems by 26.0% in the third quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company's stock valued at $11,015,000 after buying an additional 799,157 shares in the last quarter. Geode Capital Management LLC raised its holdings in 3D Systems by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company's stock valued at $8,541,000 after acquiring an additional 38,431 shares in the last quarter. Silverberg Bernstein Capital Management LLC lifted its position in shares of 3D Systems by 32.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company's stock valued at $3,475,000 after acquiring an additional 302,484 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of 3D Systems by 13.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 993,145 shares of the 3D printing company's stock worth $2,821,000 after purchasing an additional 116,158 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of 3D Systems by 85.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company's stock worth $2,692,000 after purchasing an additional 403,175 shares during the period. Institutional investors and hedge funds 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.