3D Systems’ (DDD) “Hold” Rating Reiterated at Needham & Company LLC

3D Systems (NYSE:DDDGet Free Report)‘s stock had its “hold” rating reissued by investment analysts at Needham & Company LLC in a research note issued on Wednesday, Benzinga reports.

A number of other equities analysts have also weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $8.25 price objective on shares of 3D Systems in a research note on Tuesday, May 14th. StockNews.com lowered 3D Systems from a “hold” rating to a “sell” rating in a research note on Sunday, March 3rd.

Check Out Our Latest Report on DDD

3D Systems Stock Performance

DDD traded up $0.81 on Wednesday, reaching $4.27. 4,909,793 shares of the stock were exchanged, compared to its average volume of 1,583,708. The company’s 50-day moving average price is $3.73 and its 200 day moving average price is $4.71. The firm has a market capitalization of $569.75 million, a PE ratio of -1.50 and a beta of 1.75. 3D Systems has a fifty-two week low of $3.32 and a fifty-two week high of $11.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.30 and a quick ratio of 3.24.

Hedge Funds Weigh In On 3D Systems

Institutional investors and hedge funds have recently modified their holdings of the business. Silverberg Bernstein Capital Management LLC purchased a new position in shares of 3D Systems in the 4th quarter valued at about $4,684,000. Russell Investments Group Ltd. increased its stake in shares of 3D Systems by 5,994.9% in the 4th quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company’s stock valued at $30,000 after purchasing an additional 4,676 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of 3D Systems by 16.4% in the 4th quarter. Victory Capital Management Inc. now owns 25,965 shares of the 3D printing company’s stock valued at $165,000 after purchasing an additional 3,652 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 3D Systems by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 13,950,820 shares of the 3D printing company’s stock valued at $68,499,000 after purchasing an additional 51,868 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in 3D Systems during the 3rd quarter worth approximately $228,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Company Profile

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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.

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