Cantor Fitzgerald Cuts 3D Systems (NYSE:DDD) Price Target to $5.00

3D Systems (NYSE:DDD) had its target price decreased by Cantor Fitzgerald from $5.75 to $5.00 in a research report released on Friday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the 3D printing company’s stock.

A number of other research firms also recently issued reports on DDD. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Friday. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, March 22nd. Finally, Craig Hallum raised 3D Systems to a “hold” rating in a research note 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, the stock currently has a consensus rating of “Hold” and an average price target of $3.67.

3D Systems Price Performance

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. The company’s 50 day simple moving average is $3.49 and its 200-day simple moving average is $3.24. 3D Systems has a one year low of $1.72 and a one year high of $5.00. The stock has a market capitalization of $286.84 million, a P/E ratio of -0.53 and a beta of 1.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC grew its position in shares of 3D Systems by 6.4% in the 3rd quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock valued at $149,000 after purchasing an additional 3,166 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of 3D Systems during the third quarter worth $170,000. BNP Paribas Financial Markets raised its holdings in shares of 3D Systems by 14.4% during the third quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock worth $133,000 after acquiring an additional 5,884 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 3D Systems by 30.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,342 shares of the 3D printing company’s stock worth $140,000 after purchasing an additional 11,616 shares during the period. Finally, Walleye Capital LLC increased its holdings in 3D Systems by 3,140.9% during the 3rd quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock worth $1,445,000 after purchasing an additional 525,688 shares in the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

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.