Brokerages Set 3D Systems Co. (NYSE:DDD) Target Price at $3.25

3D Systems Co. (NYSE:DDD) has received a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $3.25.

Several equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a report on Wednesday, February 19th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a report on Thursday, December 12th. Finally, StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th.

3D Systems Stock Performance

Shares of DDD opened at $3.03 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. The firm’s 50 day moving average is $3.70 and its 200-day moving average is $3.19. 3D Systems has a 12-month low of $1.72 and a 12-month high of $5.25. The stock has a market capitalization of $410.25 million, a P/E ratio of -0.76 and a beta of 1.63.

Insider Activity at 3D Systems

In related news, EVP Charles W. Hull sold 115,971 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey A. Graves acquired 60,000 shares of 3D Systems stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the purchase, the chief executive officer now owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. The trade was 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 insiders.

Hedge Funds Weigh In On 3D Systems

Several institutional investors have recently modified their holdings of the business. Two Sigma Advisers LP grew its position in shares of 3D Systems by 553.9% during the 4th quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock valued at $4,712,000 after acquiring an additional 1,216,900 shares during the period. Two Sigma Investments LP grew its holdings in 3D Systems by 172.2% during the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock valued at $4,894,000 after purchasing an additional 944,010 shares during the period. Sherbrooke Park Advisers LLC purchased a new stake in 3D Systems in the fourth quarter worth $159,000. ProShare Advisors LLC raised its stake in shares of 3D Systems by 41.8% in the fourth quarter. ProShare Advisors LLC now owns 53,574 shares of the 3D printing company’s stock valued at $176,000 after buying an additional 15,787 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 3D Systems by 7.6% during the 4th 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 buying an additional 36,965 shares during the last quarter. 64.49% of the stock is owned by 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.