Jeffrey A. Graves Purchases 60,000 Shares of 3D Systems Co. (NYSE:DDD) Stock

3D Systems Co. (NYSE:DDD) CEO Jeffrey A. Graves purchased 60,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $3.85 per share, with a total value of $231,000.00. Following the transaction, the chief executive officer now owns 1,091,782 shares in the company, valued at $4,203,360.70. The trade was a 5.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

3D Systems Stock Down 0.8 %

DDD opened at $3.55 on Friday. The stock has a market capitalization of $481.45 million, a price-to-earnings ratio of -0.89 and a beta of 1.64. The firm has a 50 day moving average price of $3.20 and a 200-day moving average price of $3.09. 3D Systems Co. has a twelve month low of $1.72 and a twelve month high of $6.85. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

Institutional Investors Weigh In On 3D Systems

A number of hedge funds have recently added to or reduced their stakes in the stock. Weiss Asset Management LP purchased a new position in shares of 3D Systems in the 3rd quarter worth $1,143,000. XTX Topco Ltd boosted its position in 3D Systems by 1,844.0% in the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock worth $1,022,000 after purchasing an additional 341,308 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of 3D Systems during the 2nd quarter valued at about $824,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of 3D Systems by 85.1% during 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 period. Finally, Silverberg Bernstein Capital Management LLC increased its position in shares of 3D Systems by 32.8% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock valued at $3,475,000 after purchasing an additional 302,484 shares during the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in 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. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Lake Street Capital cut their target price on 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Cantor Fitzgerald decreased their price target on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research note on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, 3D Systems has an average rating of “Hold” and an average target price of $3.25.

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.