3D Systems Co. (NYSE:DDD) shares were down 5.1% during trading on Thursday . The stock traded as low as $9.89 and last traded at $9.92. Approximately 1,242,591 shares traded hands during trading, a decline of 8% from the average daily volume of 1,356,646 shares. The stock had previously closed at $10.45.
Several research firms have issued reports on DDD. ValuEngine lowered shares of 3D Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Gabelli lowered shares of 3D Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Piper Jaffray Companies raised shares of 3D Systems from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $14.00 to $17.00 in a research report on Wednesday, October 24th. Loop Capital dropped their price objective on shares of 3D Systems to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, October 31st. Finally, Zacks Investment Research lowered shares of 3D Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $13.74.
The company has a current ratio of 2.29, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.16 billion, a P/E ratio of -17.40 and a beta of 1.79.
3D Systems (NYSE:DDD) last released its quarterly earnings results on Tuesday, October 30th. The 3D printing company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). 3D Systems had a negative net margin of 7.53% and a negative return on equity of 5.12%. The business had revenue of $164.50 million during the quarter, compared to analyst estimates of $171.82 million. During the same quarter last year, the company posted ($0.20) earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast that 3D Systems Co. will post -0.13 EPS for the current fiscal year.
In other 3D Systems news, EVP Andrew Martin Johnson sold 4,200 shares of the stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $17.80, for a total transaction of $74,760.00. Following the sale, the executive vice president now directly owns 208,825 shares in the company, valued at $3,717,085. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in DDD. BlackRock Inc. boosted its stake in shares of 3D Systems by 29.4% in the 2nd quarter. BlackRock Inc. now owns 16,413,577 shares of the 3D printing company’s stock valued at $226,672,000 after purchasing an additional 3,727,372 shares in the last quarter. FMR LLC acquired a new stake in shares of 3D Systems in the 2nd quarter valued at approximately $9,070,000. WINTON GROUP Ltd acquired a new stake in shares of 3D Systems in the 3rd quarter valued at approximately $9,679,000. Dorsal Capital Management LLC acquired a new stake in shares of 3D Systems in the 3rd quarter valued at approximately $9,450,000. Finally, Avitas Wealth Management LLC acquired a new stake in shares of 3D Systems in the 3rd quarter valued at approximately $8,246,000. Hedge funds and other institutional investors own 71.66% of the company’s stock.
About 3D Systems (NYSE:DDD)
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
Featured Story: Outstanding Shares