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

3D Systems (NYSE:DDD)‘s stock had its “hold” rating reiterated by research analysts at Needham & Company LLC in a report issued on Friday,Benzinga reports.

A number of other research analysts also recently issued reports on DDD. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday, March 22nd. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, 3D Systems currently has an average rating of “Hold” and a consensus price target of $3.67.

3D Systems Trading Down 1.6 %

Shares of DDD stock opened at $2.12 on Friday. The company has a market cap of $286.84 million, a P/E ratio of -0.53 and a beta of 1.63. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $5.00. The stock has a 50 day simple moving average of $3.49 and a two-hundred day simple moving average of $3.23. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Institutional Investors Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently made changes to their positions in DDD. Point72 DIFC Ltd bought a new position in 3D Systems in the 3rd quarter valued at about $25,000. Murchinson Ltd. purchased a new stake in shares of 3D Systems in the third quarter worth approximately $28,000. Blue Trust Inc. lifted its holdings in shares of 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after purchasing an additional 8,050 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of 3D Systems during the third quarter valued at approximately $31,000. Finally, Cibc World Markets Corp purchased a new position in shares of 3D Systems during the fourth quarter valued at approximately $39,000. 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.