3D Systems (NYSE:DDD) Trading Up 5.4% – Here’s Why

3D Systems Co. (NYSE:DDD)’s stock price shot up 5.4% during mid-day trading on Monday . The company traded as high as $3.74 and last traded at $3.80. 683,122 shares were traded during mid-day trading, a decline of 74% from the average session volume of 2,619,637 shares. The stock had previously closed at $3.60.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DDD. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of 3D Systems in a research report on Saturday, January 18th. Finally, Craig Hallum raised shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, 3D Systems presently has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Performance

The company has a market capitalization of $511.02 million, a P/E ratio of -0.95 and a beta of 1.63. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The company’s fifty day moving average is $3.34 and its 200 day moving average is $3.04.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. As a group, equities analysts anticipate that 3D Systems Co. will post -0.73 earnings per share for the current year.

Insider Transactions at 3D Systems

In other news, EVP Charles W. Hull sold 115,971 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total value of $447,648.06. Following the completion of the sale, the executive vice president now directly owns 331,955 shares in the company, valued at approximately $1,281,346.30. The trade was a 25.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Graves bought 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average price of $3.85 per share, for a total transaction 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. This trade represents a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On 3D Systems

Several institutional investors have recently bought and sold shares of the stock. Weiss Asset Management LP bought a new position in shares of 3D Systems during the third quarter valued at about $1,143,000. XTX Topco Ltd raised its position in 3D Systems by 1,844.0% during the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after purchasing an additional 341,308 shares during the last quarter. Barclays PLC lifted its holdings in 3D Systems by 260.1% in the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after buying an additional 149,793 shares during the period. Geode Capital Management LLC grew its position in shares of 3D Systems by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after buying an additional 38,431 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in shares of 3D Systems by 822.7% during the fourth quarter. Inspire Investing LLC now owns 139,685 shares of the 3D printing company’s stock valued at $458,000 after buying an additional 124,547 shares during the period. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

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.