3D Systems Corporation (DDD) Downgraded to “Sell” at ValuEngine

ValuEngine cut shares of 3D Systems Corporation (NYSE:DDD) from a hold rating to a sell rating in a research report report published on Thursday, November 2nd.

Several other brokerages have also issued reports on DDD. Susquehanna Bancshares Inc started coverage on 3D Systems Corporation in a research report on Thursday, July 13th. They set a neutral rating and a $16.00 target price for the company. Loop Capital started coverage on shares of 3D Systems Corporation in a research note on Monday, July 24th. They issued a hold rating and a $18.00 price objective for the company. BidaskClub downgraded shares of 3D Systems Corporation from a hold rating to a sell rating in a research note on Saturday, July 8th. Zacks Investment Research raised 3D Systems Corporation from a strong sell rating to a hold rating in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $15.00 price target on shares of 3D Systems Corporation in a research report on Wednesday, October 4th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a strong buy rating to the stock. 3D Systems Corporation presently has a consensus rating of Hold and an average price target of $13.24.

Shares of 3D Systems Corporation (NYSE DDD) traded down $0.35 during mid-day trading on Thursday, reaching $8.40. The company had a trading volume of 2,979,400 shares, compared to its average volume of 2,673,862. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.63 and a quick ratio of 1.94. 3D Systems Corporation has a 52 week low of $8.09 and a 52 week high of $23.70.

3D Systems Corporation (NYSE:DDD) last posted its quarterly earnings data on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.25). 3D Systems Corporation had a negative net margin of 8.01% and a negative return on equity of 5.85%. The company had revenue of $152.90 million for the quarter, compared to the consensus estimate of $162.22 million. During the same period last year, the business earned $0.14 EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. equities research analysts expect that 3D Systems Corporation will post -0.3 EPS for the current fiscal year.

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Hedge funds have recently modified their holdings of the business. Strs Ohio purchased a new position in 3D Systems Corporation in the 2nd quarter valued at approximately $115,000. LS Investment Advisors LLC boosted its position in 3D Systems Corporation by 20.0% in the 2nd quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock valued at $163,000 after buying an additional 1,452 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of 3D Systems Corporation by 19.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock worth $178,000 after purchasing an additional 1,552 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of 3D Systems Corporation by 77.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock worth $186,000 after purchasing an additional 4,326 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its position in shares of 3D Systems Corporation by 76.8% during the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock worth $189,000 after purchasing an additional 4,386 shares during the last quarter. 58.72% of the stock is owned by institutional investors.

About 3D Systems Corporation

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for 3D Systems Corporation (NYSE:DDD)

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