3D Systems (NYSE:DDD) Rating Lowered to Sell at StockNews.com

3D Systems (NYSE:DDD) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Several other equities research analysts have also issued reports on the stock. Loop Capital reduced their price objective on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Lake Street Capital reduced their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Friday, August 30th. Finally, Cantor Fitzgerald cut their target price on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Price Performance

Shares of DDD opened at $2.19 on Tuesday. The firm has a market cap of $292.22 million, a PE ratio of -0.77 and a beta of 1.65. The firm’s 50 day moving average price is $2.94 and its 200 day moving average price is $3.55. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.42 and a current ratio of 3.46. 3D Systems has a twelve month low of $1.72 and a twelve month high of $6.85.

3D Systems (NYSE:DDD) last released its quarterly earnings data on Tuesday, August 20th. The 3D printing company reported ($0.23) earnings per share (EPS) for the quarter. 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. The business had revenue of $102.91 million during the quarter. As a group, research analysts expect that 3D Systems will post -0.35 EPS for the current fiscal year.

Institutional Trading of 3D Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDD. Russell Investments Group Ltd. grew its stake in 3D Systems by 5,994.9% during the fourth quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company’s stock worth $30,000 after buying an additional 4,676 shares during the last quarter. Victory Capital Management Inc. grew its stake in 3D Systems by 16.4% during the fourth quarter. Victory Capital Management Inc. now owns 25,965 shares of the 3D printing company’s stock worth $165,000 after buying an additional 3,652 shares during the last quarter. Private Advisor Group LLC bought a new stake in 3D Systems during the fourth quarter worth about $79,000. Charles Schwab Investment Management Inc. grew its stake in 3D Systems by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,130,655 shares of the 3D printing company’s stock worth $7,180,000 after buying an additional 92,167 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in 3D Systems by 471.7% during the fourth quarter. Quadrant Capital Group LLC now owns 4,837 shares of the 3D printing company’s stock worth $31,000 after buying an additional 3,991 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.