3D Systems Co. (NYSE:DDD) Receives $3.25 Average Target Price from Brokerages

Shares of 3D Systems Co. (NYSE:DDD) have been assigned an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $3.25.

DDD has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Finally, StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th.

Insiders Place Their Bets

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction on Tuesday, December 17th. The stock was 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 owns 331,955 shares in the company, valued at approximately $1,281,346.30. This represents a 25.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of $3.85 per share, with a total value of $231,000.00. Following the purchase, the chief executive officer now directly owns 1,091,782 shares in the company, valued at $4,203,360.70. This represents a 5.82 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ARK Investment Management LLC boosted its holdings in shares of 3D Systems by 13.8% during the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company’s stock valued at $14,478,000 after purchasing an additional 535,287 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of 3D Systems by 2.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company’s stock valued at $10,506,000 after purchasing an additional 68,530 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 3D Systems by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock valued at $8,541,000 after purchasing an additional 38,431 shares during the last quarter. Icon Advisers Inc. Co. bought a new position in shares of 3D Systems in the 4th quarter valued at about $5,248,000. Finally, Penn Capital Management Company LLC bought a new position in shares of 3D Systems in the 4th quarter valued at about $5,214,000. Institutional investors own 64.49% of the company’s stock.

3D Systems Stock Down 2.8 %

Shares of NYSE:DDD opened at $2.95 on Friday. 3D Systems has a 1 year low of $1.72 and a 1 year high of $5.25. The company has a market cap of $399.40 million, a PE ratio of -0.74 and a beta of 1.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The stock’s 50-day moving average is $3.68 and its 200 day moving average is $3.19.

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.