3D Systems (NYSE:DDD) Given Sell (D-) Rating at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of 3D Systems (NYSE:DDD) in a research report sent to investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the company. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.25.

3D Systems Stock Up 1.7 %

3D Systems stock opened at $4.62 on Wednesday. The business has a fifty day moving average of $3.72 and a two-hundred day moving average of $3.12. 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 $625.89 million, a P/E ratio of -1.16 and a beta of 1.63. 3D Systems has a twelve month low of $1.72 and a twelve month high of $5.38.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. On average, analysts forecast that 3D Systems will post -0.73 earnings per share for the current fiscal year.

Insider Activity at 3D Systems

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the sale, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,091,782 shares in the company, valued at $4,203,360.70. This trade represents a 5.82 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On 3D Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd purchased a new stake in shares of 3D Systems during the 3rd quarter worth about $25,000. Murchinson Ltd. purchased a new stake in shares of 3D Systems during the 3rd quarter worth about $28,000. Blue Trust Inc. boosted its stake in shares of 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after acquiring an additional 8,050 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of 3D Systems during the 3rd quarter worth about $31,000. Finally, Cibc World Markets Corp purchased a new stake in shares of 3D Systems during the 4th quarter worth about $39,000. 64.49% of the stock is owned by institutional investors and hedge funds.

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.