Weiss Ratings Reaffirms “Sell (D-)” Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “sell (d-)” rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research analysts also recently weighed in on the stock. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, 3D Systems has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Stock Performance

NYSE:DDD opened at $4.43 on Wednesday. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The firm’s fifty day simple moving average is $3.73 and its 200-day simple moving average is $3.13. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $5.34. The stock has a market cap of $600.12 million, a PE ratio of -1.11 and a beta of 1.63.

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

Insider Activity at 3D Systems

In related news, CEO Jeffrey A. Graves purchased 60,000 shares of 3D Systems stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased 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 of the company’s stock, valued at approximately $4,203,360.70. The trade was a 5.82 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the sale, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at $1,281,346.30. This trade represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

3D Systems Company Profile

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.