Needham & Company LLC Reaffirms “Hold” Rating for 3D Systems (NYSE:DDD)

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

Several other research firms have also recently issued reports on DDD. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, March 22nd. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday. 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, the company has a consensus rating of “Hold” and a consensus price target of $3.67.

3D Systems Trading Down 1.6 %

Shares of NYSE:DDD opened at $2.12 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems has a 1 year low of $1.72 and a 1 year high of $5.00. The company has a market cap of $286.84 million, a P/E ratio of -0.53 and a beta of 1.63. The stock’s fifty day moving average price is $3.49 and its 200-day moving average price is $3.23.

Hedge Funds Weigh In On 3D Systems

Institutional investors have recently made changes to their positions in the business. Two Sigma Advisers LP increased its holdings in 3D Systems by 553.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock valued at $4,712,000 after buying an additional 1,216,900 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of 3D Systems by 172.2% in the 4th quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock worth $4,894,000 after purchasing an additional 944,010 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new position in 3D Systems in the 4th quarter worth $159,000. ProShare Advisors LLC lifted its position in 3D Systems by 41.8% during the fourth quarter. ProShare Advisors LLC now owns 53,574 shares of the 3D printing company’s stock valued at $176,000 after purchasing an additional 15,787 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 3D Systems by 7.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 524,888 shares of the 3D printing company’s stock valued at $1,722,000 after purchasing an additional 36,965 shares in 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.