Weiss Ratings Reiterates Sell (D-) Rating for 3D Systems (NYSE:DDD)

Weiss Ratings restated their sell (d-) rating on shares of 3D Systems (NYSE:DDD - Free Report) in a research report sent to investors on Wednesday,Weiss Ratings reports.

A number of other research analysts have also weighed in on DDD. Needham & Company LLC reissued 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. Finally, Craig Hallum upgraded 3D Systems to a "hold" rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $3.25.

3D Systems Stock Performance

Shares of 3D Systems stock traded down $0.30 on Wednesday, hitting $4.11. The stock had a trading volume of 2,595,528 shares, compared to its average volume of 3,386,485. 3D Systems has a 52-week low of $1.72 and a 52-week high of $5.34. 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 cap of $556.72 million, a price-to-earnings ratio of -1.03 and a beta of 1.63. The company's 50 day moving average price is $3.73 and its 200 day moving average price is $3.14.

3D Systems (NYSE:DDD - Get Free Report) last posted its earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share for the quarter, missing the consensus estimate 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%. On average, research analysts anticipate that 3D Systems will post -0.73 EPS for the current year.

Insider Activity at 3D Systems

In other 3D Systems news, CEO Jeffrey A. Graves purchased 60,000 shares of the firm's 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction that occurred on Tuesday, December 17th. The stock was 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 approximately $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. Company insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On 3D Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in DDD. Point72 DIFC Ltd purchased a new position in 3D Systems during the 3rd quarter worth approximately $25,000. Murchinson Ltd. purchased a new position in 3D Systems during the 3rd quarter worth approximately $28,000. HighTower Advisors LLC purchased a new position in 3D Systems during the 3rd quarter worth approximately $31,000. Blue Trust Inc. boosted its stake in shares of 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock valued at $33,000 after buying an additional 8,050 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of 3D Systems during the 3rd quarter valued at $36,000. 64.49% of the stock is currently owned by hedge funds and other 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.