3D Systems (DDD) Downgraded by Gabelli to Hold

Gabelli lowered shares of 3D Systems (NYSE:DDD) from a buy rating to a hold rating in a report released on Wednesday, MarketBeat Ratings reports.

DDD has been the subject of several other reports. Zacks Investment Research raised 3D Systems from a sell rating to a hold rating in a research report on Tuesday, July 3rd. ValuEngine raised 3D Systems from a buy rating to a strong-buy rating in a research report on Thursday, August 9th. Loop Capital raised their target price on 3D Systems to $17.00 and gave the stock a hold rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Piper Jaffray Companies raised 3D Systems from an underweight rating to a neutral rating and raised their target price for the stock from $14.00 to $17.00 in a research report on Wednesday, October 24th. Finally, Susquehanna Bancshares set a $16.00 target price on 3D Systems and gave the stock a hold rating in a research report on Friday, August 10th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $13.19.

Shares of DDD traded down $0.39 during mid-day trading on Wednesday, hitting $11.69. The company’s stock had a trading volume of 241,991 shares, compared to its average volume of 1,843,671. 3D Systems has a one year low of $7.92 and a one year high of $21.78. The company has a current ratio of 1.95, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -20.46 and a beta of 1.69.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Tuesday, October 30th. The 3D printing company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $164.50 million during the quarter, compared to the consensus estimate of $171.82 million. 3D Systems had a negative net margin of 7.53% and a negative return on equity of 5.07%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.20) earnings per share. Equities analysts predict that 3D Systems will post -0.13 EPS for the current year.

In other news, EVP Andrew Martin Johnson sold 5,000 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $19.01, for a total value of $95,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Kevin Mcalea sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $21.21, for a total value of $424,200.00. Following the completion of the sale, the chief operating officer now owns 250,257 shares of the company’s stock, valued at $5,307,950.97. The disclosure for this sale can be found here. Insiders have sold 33,400 shares of company stock valued at $669,400 over the last quarter. Corporate insiders own 5.00% of the company’s stock.

Several large investors have recently made changes to their positions in DDD. CIBC Asset Management Inc acquired a new stake in shares of 3D Systems in the second quarter valued at $205,000. Crossmark Global Holdings Inc. acquired a new stake in shares of 3D Systems in the second quarter valued at $221,000. Alps Advisors Inc. increased its stake in shares of 3D Systems by 110.9% in the second quarter. Alps Advisors Inc. now owns 21,281 shares of the 3D printing company’s stock valued at $294,000 after buying an additional 11,192 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in shares of 3D Systems in the first quarter valued at $302,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in 3D Systems in the second quarter valued at about $332,000. Institutional investors own 71.12% of the company’s stock.

3D Systems Company Profile

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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Analyst Recommendations for 3D Systems (NYSE:DDD)

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