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

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

DDD has been the subject of a number of other reports. Craig Hallum upgraded shares of 3D Systems to a "hold" rating in a research report on Thursday, December 12th. StockNews.com raised shares of 3D Systems from a "sell" rating to a "hold" rating in a research note on Thursday, November 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $3.25.

3D Systems Price Performance

NYSE DDD traded up $0.10 during trading on Wednesday, hitting $3.13. 1,816,372 shares of the company's stock were exchanged, compared to its average volume of 2,098,311. The company has a market cap of $424.49 million, a PE ratio of -0.79 and a beta of 1.61. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $5.75. The stock's 50 day moving average price is $3.29 and its two-hundred day moving average price is $3.05.

Insider Buying and Selling

In related news, CEO Jeffrey A. Graves acquired 60,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,091,782 shares of the company's stock, valued at approximately $4,203,360.70. This trade represents a 5.82 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Charles W. Hull sold 115,971 shares of the firm's stock in a transaction on 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 directly owns 331,955 shares of the company's stock, valued at approximately $1,281,346.30. This represents 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 owned by corporate insiders.

Institutional Investors Weigh In On 3D Systems

A number of institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC lifted its stake in shares of 3D Systems by 6.4% in the third quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company's stock worth $149,000 after acquiring an additional 3,166 shares during the period. Inspire Investing LLC lifted its position in shares of 3D Systems by 33.7% in the 3rd quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company's stock worth $43,000 after purchasing an additional 3,818 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of 3D Systems by 14.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company's stock valued at $133,000 after purchasing an additional 5,884 shares during the last quarter. Impact Partnership Wealth LLC increased its position in shares of 3D Systems by 49.4% during the third quarter. Impact Partnership Wealth LLC now owns 21,157 shares of the 3D printing company's stock worth $60,000 after buying an additional 6,992 shares during the period. Finally, SG Americas Securities LLC raised its stake in 3D Systems by 23.8% during the third quarter. SG Americas Securities LLC now owns 45,617 shares of the 3D printing company's stock worth $130,000 after buying an additional 8,769 shares during 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.