3D Systems (NYSE:DDD) Given Hold Rating at Needham & Company LLC

3D Systems (NYSE:DDD)‘s stock had its “hold” rating reaffirmed by equities researchers at Needham & Company LLC in a note issued to investors on Wednesday,Benzinga reports.

A number of other analysts have also commented on the company. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, May 10th. Finally, Cantor Fitzgerald decreased their price target on 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.67.

3D Systems Stock Down 4.0%

DDD opened at $1.68 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 has a market cap of $227.72 million, a P/E 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. The business’s fifty day simple moving average is $2.15 and its 200 day simple moving average is $3.03.

Hedge Funds Weigh In On 3D Systems

A number of large investors have recently modified their holdings of DDD. CWM LLC raised its holdings in shares of 3D Systems by 703.1% in the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock worth $26,000 after purchasing an additional 10,814 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of 3D Systems in the 1st quarter worth about $29,000. Blue Trust Inc. raised its holdings in shares of 3D Systems by 411.6% in the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after purchasing an additional 8,050 shares during the period. State of Wyoming purchased a new stake in shares of 3D Systems during the 1st quarter valued at about $34,000. Finally, Cibc World Markets Corp purchased a new stake in shares of 3D Systems during the 4th quarter valued at about $39,000. 64.49% of the stock is currently owned by hedge funds and other 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.