3D Systems (DDD) Receives New Coverage from Analysts at Craig Hallum

Equities researchers at Craig Hallum assumed coverage on shares of 3D Systems (NYSE:DDD) in a research report issued to clients and investors on Monday, The Fly reports. The firm set a “hold” rating on the 3D printing company’s stock.

Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of 3D Systems from a “d” rating to a “c-” rating in a research report on Thursday, March 21st. Piper Jaffray Companies upgraded shares of 3D Systems from a “neutral” rating to an “overweight” rating and set a $17.00 price objective on the stock in a research report on Tuesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 3D Systems to $8.00 and set an “average” rating on the stock in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. 3D Systems currently has a consensus rating of “Hold” and an average target price of $14.14.

Shares of NYSE:DDD opened at $10.89 on Monday. The company has a current ratio of 2.42, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. 3D Systems has a 1-year low of $9.00 and a 1-year high of $21.78. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -29.43 and a beta of 1.94.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Thursday, February 28th. The 3D printing company reported ($0.02) earnings per share for the quarter. 3D Systems had a negative net margin of 6.62% and a negative return on equity of 3.83%. The firm had revenue of $180.71 million for the quarter, compared to analysts’ expectations of $184.71 million. On average, equities research analysts predict that 3D Systems will post -0.09 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of 3D Systems by 30.7% during the third quarter. Wells Fargo & Company MN now owns 168,754 shares of the 3D printing company’s stock worth $3,190,000 after purchasing an additional 39,594 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of 3D Systems by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 1,382,491 shares of the 3D printing company’s stock worth $26,129,000 after purchasing an additional 69,112 shares during the period. FMR LLC lifted its holdings in shares of 3D Systems by 10.6% during the third quarter. FMR LLC now owns 726,464 shares of the 3D printing company’s stock worth $13,731,000 after purchasing an additional 69,713 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of 3D Systems during the third quarter worth $122,000. Finally, Verition Fund Management LLC acquired a new position in shares of 3D Systems during the third quarter worth $481,000. Hedge funds and other institutional investors own 68.95% of the company’s stock.

3D Systems Company Profile

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.

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The Fly

Analyst Recommendations for 3D Systems (NYSE:DDD)

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