3D Systems (DDD) Lifted to “Strong-Buy” at Vetr

Vetr upgraded shares of 3D Systems (NYSE:DDD) from a buy rating to a strong-buy rating in a research note released on Tuesday. Vetr currently has $12.44 price target on the 3D printing company’s stock.

Other equities analysts have also recently issued reports about the company. Loop Capital reiterated a hold rating and set a $10.00 price target on shares of 3D Systems in a research report on Wednesday, November 1st. Stifel Nicolaus reissued a hold rating and set a $11.00 price objective (down from $15.00) on shares of 3D Systems in a research note on Wednesday, November 1st. KeyCorp reissued a hold rating on shares of 3D Systems in a research note on Friday, October 6th. Zacks Investment Research raised 3D Systems from a strong sell rating to a hold rating in a research note on Wednesday, October 4th. Finally, Jefferies Group reissued a hold rating and set a $17.00 price objective on shares of 3D Systems in a research note on Tuesday, October 3rd. Six 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 company. The company presently has an average rating of Hold and a consensus price target of $12.68.

Shares of 3D Systems (DDD) traded up $0.11 during mid-day trading on Tuesday, hitting $10.66. The stock had a trading volume of 3,208,147 shares, compared to its average volume of 3,000,000. 3D Systems has a one year low of $7.92 and a one year high of $23.70. The firm has a market cap of $1,210.00, a PE ratio of -23.17 and a beta of 1.47. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01.

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

In other 3D Systems news, Director G Walter Loewenbaum II bought 6,430 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was acquired at an average price of $8.81 per share, with a total value of $56,648.30. Following the completion of the transaction, the director now directly owns 1,013,207 shares in the company, valued at approximately $8,926,353.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders bought 47,930 shares of company stock valued at $428,048. 5.00% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of 3D Systems by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,779 shares of the 3D printing company’s stock worth $295,000 after buying an additional 75 shares during the period. Stifel Financial Corp boosted its position in shares of 3D Systems by 2.4% in the second quarter. Stifel Financial Corp now owns 19,558 shares of the 3D printing company’s stock worth $367,000 after buying an additional 459 shares during the period. Amalgamated Bank boosted its position in shares of 3D Systems by 6.5% in the second quarter. Amalgamated Bank now owns 15,694 shares of the 3D printing company’s stock worth $293,000 after buying an additional 956 shares during the period. PDT Partners LLC boosted its position in shares of 3D Systems by 0.3% in the second quarter. PDT Partners LLC now owns 394,782 shares of the 3D printing company’s stock worth $7,382,000 after buying an additional 1,351 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of 3D Systems by 2.2% in the second quarter. Prudential Financial Inc. now owns 72,872 shares of the 3D printing company’s stock worth $1,363,000 after buying an additional 1,550 shares during the period. 60.34% of the stock is owned by institutional investors and hedge funds.

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About 3D Systems

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 Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for 3D Systems (NYSE:DDD)

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