3D Systems Co. (NYSE:DDD) Given Average Rating of “Hold” by Brokerages

3D Systems Co. (NYSE:DDD) has been given an average recommendation of “Hold” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.67.

Several analysts have commented on DDD shares. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Cantor Fitzgerald reduced their price objective on 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, May 10th.

3D Systems Stock Down 4.0%

DDD opened at $1.68 on Friday. The business has a 50 day moving average price of $2.15 and a two-hundred day moving average price of $3.03. 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 company has a market cap of $227.72 million, a PE ratio of -0.42 and a beta of 1.94. 3D Systems has a 52 week low of $1.65 and a 52 week high of $5.00.

Hedge Funds Weigh In On 3D Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in 3D Systems by 15.7% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 16,779 shares of the 3D printing company’s stock valued at $55,000 after buying an additional 2,279 shares during the last quarter. Cetera Investment Advisers grew its holdings in 3D Systems by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 127,106 shares of the 3D printing company’s stock valued at $417,000 after buying an additional 2,887 shares during the last quarter. Rhumbline Advisers grew its holdings in 3D Systems by 2.2% during the 4th quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock valued at $680,000 after buying an additional 4,451 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in 3D Systems by 67.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 14,100 shares of the 3D printing company’s stock valued at $46,000 after buying an additional 5,700 shares during the last quarter. Finally, Impact Partnership Wealth LLC grew its holdings in 3D Systems by 31.3% during the 4th quarter. Impact Partnership Wealth LLC now owns 27,772 shares of the 3D printing company’s stock valued at $91,000 after buying an additional 6,615 shares during the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.

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.