3D Systems Corporation (DDD) Earns Hold Rating from Loop Capital

Loop Capital reiterated their hold rating on shares of 3D Systems Corporation (NYSE:DDD) in a research report released on Wednesday. They currently have a $15.00 price target on the 3D printing company’s stock.

Several other brokerages also recently weighed in on DDD. Jefferies Group LLC lifted their target price on 3D Systems Corporation from $15.00 to $17.50 and gave the company a hold rating in a research note on Thursday, May 4th. Zacks Investment Research downgraded 3D Systems Corporation from a buy rating to a hold rating in a research note on Tuesday, May 2nd. Piper Jaffray Companies reaffirmed an underweight rating and set a $14.00 target price on shares of 3D Systems Corporation in a research note on Monday, July 3rd. FBR & Co reaffirmed a hold rating and set a $18.00 target price on shares of 3D Systems Corporation in a research note on Friday, May 5th. Finally, BidaskClub downgraded 3D Systems Corporation from a sell rating to a strong sell rating in a research note on Monday, July 31st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $17.00.

Shares of 3D Systems Corporation (NYSE:DDD) traded up 1.27% during midday trading on Wednesday, reaching $12.76. The company’s stock had a trading volume of 1,821,848 shares. 3D Systems Corporation has a 1-year low of $12.34 and a 1-year high of $23.70. The firm’s market capitalization is $1.45 billion. The company’s 50-day moving average price is $17.26 and its 200 day moving average price is $17.34.

3D Systems Corporation (NYSE:DDD) last announced its quarterly earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.04. The company had revenue of $159.47 million during the quarter, compared to the consensus estimate of $163.01 million. 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. On average, equities research analysts forecast that 3D Systems Corporation will post $0.44 earnings per share for the current year.

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In related news, insider Vyomesh Joshi bought 15,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $12.96 per share, for a total transaction of $199,584.00. Following the acquisition, the insider now directly owns 165,400 shares of the company’s stock, valued at approximately $2,143,584. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director G Walter Loewenbaum II sold 25,000 shares of 3D Systems Corporation stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $22.29, for a total value of $557,250.00. Following the completion of the transaction, the director now owns 1,007,106 shares in the company, valued at $22,448,392.74. The disclosure for this sale can be found here. Insiders sold a total of 102,500 shares of company stock worth $2,221,425 in the last three months. Company insiders own 5.00% of the company’s stock.

Several institutional investors have recently modified their holdings of DDD. Virtu KCG Holdings LLC boosted its position in shares of 3D Systems Corporation by 818.3% in the second quarter. Virtu KCG Holdings LLC now owns 114,693 shares of the 3D printing company’s stock worth $2,145,000 after buying an additional 102,203 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of 3D Systems Corporation by 4.1% in the second quarter. Parametric Portfolio Associates LLC now owns 168,514 shares of the 3D printing company’s stock worth $3,151,000 after buying an additional 6,614 shares during the last quarter. Advisor Group Inc. boosted its position in shares of 3D Systems Corporation by 24.0% in the second quarter. Advisor Group Inc. now owns 22,414 shares of the 3D printing company’s stock worth $419,000 after buying an additional 4,331 shares during the last quarter. ARK Investment Management LLC boosted its position in shares of 3D Systems Corporation by 18.3% in the second quarter. ARK Investment Management LLC now owns 99,378 shares of the 3D printing company’s stock worth $1,858,000 after buying an additional 15,363 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of 3D Systems Corporation by 2.2% in the second quarter. California Public Employees Retirement System now owns 1,281,200 shares of the 3D printing company’s stock worth $23,958,000 after buying an additional 27,800 shares during the last quarter. Institutional investors and hedge funds own 55.07% of the company’s stock.

3D Systems Corporation Company Profile

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

Analyst Recommendations for 3D Systems Corporation (NYSE:DDD)

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