3D Systems’ (DDD) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of 3D Systems (NYSE:DDD) in a report released on Friday morning,Benzinga reports.

Several other analysts have also recently weighed in on the stock. Lake Street Capital lowered their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Cantor Fitzgerald reduced their target price on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. Loop Capital reduced their target price on shares of 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Finally, StockNews.com lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.25.

3D Systems Price Performance

Shares of 3D Systems stock traded up $0.13 on Friday, hitting $2.97. 2,214,103 shares of the company traded hands, compared to its average volume of 2,228,672. The firm’s 50-day simple moving average is $2.89 and its 200 day simple moving average is $3.15. The company has a current ratio of 3.46, a quick ratio of 2.42 and a debt-to-equity ratio of 0.55. The company has a market cap of $396.70 million, a P/E ratio of -1.09 and a beta of 1.65. 3D Systems has a 12-month low of $1.72 and a 12-month high of $6.85.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The company had revenue of $113.25 million for the quarter, compared to analysts’ expectations of $125.15 million. 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. Analysts expect that 3D Systems will post -0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of 3D Systems by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock valued at $63,127,000 after purchasing an additional 98,797 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of 3D Systems during the 1st quarter valued at approximately $271,000. Gabelli Funds LLC increased its holdings in 3D Systems by 53.6% in the 1st quarter. Gabelli Funds LLC now owns 61,435 shares of the 3D printing company’s stock valued at $273,000 after purchasing an additional 21,435 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in 3D Systems in the 2nd quarter valued at approximately $824,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in 3D Systems by 85.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock valued at $2,692,000 after purchasing an additional 403,175 shares during the last quarter. Institutional investors own 64.49% of the company’s stock.

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.