3D Systems (NYSE:DDD) Upgraded by ValuEngine to Strong-Buy

3D Systems (NYSE:DDD) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday, ValuEngine reports.

A number of other brokerages have also recently commented on DDD. Craig Hallum initiated coverage on 3D Systems in a research report on Monday, April 22nd. They issued a “hold” rating and a $12.00 price target on the stock. Zacks Investment Research cut 3D Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, May 13th. Bank of America decreased their price target on 3D Systems from $10.00 to $9.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 8th. TheStreet cut 3D Systems from a “c-” rating to a “d” rating in a research report on Thursday, May 16th. Finally, Piper Jaffray Companies decreased their price target on 3D Systems from $18.00 to $12.50 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.72.

Shares of NYSE DDD traded down $0.26 during mid-day trading on Thursday, reaching $8.76. The company had a trading volume of 1,624,977 shares, compared to its average volume of 1,596,651. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.78 and a current ratio of 2.56. 3D Systems has a one year low of $7.81 and a one year high of $21.78. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -23.68 and a beta of 1.98. The company has a 50-day moving average price of $8.79.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, May 7th. The 3D printing company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.13). 3D Systems had a negative return on equity of 6.26% and a negative net margin of 7.26%. The company had revenue of $152.00 million during the quarter, compared to the consensus estimate of $164.69 million. During the same quarter in the previous year, the business posted ($0.03) EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities research analysts predict that 3D Systems will post -0.35 EPS for the current fiscal year.

In other 3D Systems news, insider Vyomesh Joshi bought 29,920 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were purchased at an average price of $8.22 per share, for a total transaction of $245,942.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. HCR Wealth Advisors bought a new position in 3D Systems in the first quarter valued at about $292,000. CWM LLC boosted its stake in shares of 3D Systems by 823.5% during the second quarter. CWM LLC now owns 3,925 shares of the 3D printing company’s stock valued at $36,000 after purchasing an additional 3,500 shares in the last quarter. FinTrust Capital Advisors LLC boosted its stake in shares of 3D Systems by 5,693.2% during the first quarter. FinTrust Capital Advisors LLC now owns 5,967 shares of the 3D printing company’s stock valued at $64,000 after purchasing an additional 5,864 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 3D Systems by 144.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,446 shares of the 3D printing company’s stock valued at $69,000 after purchasing an additional 3,804 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of 3D Systems during the first quarter valued at about $149,000. Hedge funds and other institutional investors own 70.89% of the company’s stock.

About 3D Systems

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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Analyst Recommendations for 3D Systems (NYSE:DDD)

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