3D Systems (DDD) Shares Down 6.3%

Shares of 3D Systems Co. (NYSE:DDD) were down 6.3% during trading on Friday . The company traded as low as $12.36 and last traded at $12.80. Approximately 2,294,335 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 2,770,792 shares. The stock had previously closed at $13.66.

A number of analysts recently issued reports on DDD shares. Piper Jaffray Companies cut 3D Systems from a “neutral” rating to an “underweight” rating and set a $10.00 target price for the company. in a research note on Thursday, July 26th. ValuEngine cut 3D Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 1st. Loop Capital increased their target price on 3D Systems to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Zacks Investment Research cut 3D Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, Susquehanna Bancshares set a $16.00 target price on 3D Systems and gave the stock a “hold” rating in a research note on Friday, August 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. 3D Systems has an average rating of “Hold” and an average price target of $13.74.

The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -22.46 and a beta of 1.97. The company has a current ratio of 2.29, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01.

3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, October 30th. The 3D printing company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $164.50 million for the quarter, compared to the consensus estimate of $171.82 million. 3D Systems had a negative return on equity of 5.12% and a negative net margin of 7.53%. 3D Systems’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.20) earnings per share. On average, equities analysts predict that 3D Systems Co. will post -0.13 EPS for the current year.

In other news, COO Kevin Mcalea sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $21.21, for a total transaction of $424,200.00. Following the completion of the transaction, the chief operating officer now directly owns 250,257 shares of the company’s stock, valued at approximately $5,307,950.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Martin Johnson sold 5,000 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $19.01, for a total value of $95,050.00. The disclosure for this sale can be found here. Insiders have sold a total of 33,400 shares of company stock valued at $669,400 over the last ninety days. Company insiders own 5.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of 3D Systems by 10.6% in the 3rd quarter. FMR LLC now owns 726,464 shares of the 3D printing company’s stock valued at $13,731,000 after buying an additional 69,713 shares during the last quarter. Rafferty Asset Management LLC acquired a new stake in shares of 3D Systems in the 3rd quarter valued at approximately $818,000. BlackRock Inc. boosted its holdings in shares of 3D Systems by 4.2% in the 3rd quarter. BlackRock Inc. now owns 17,096,578 shares of the 3D printing company’s stock valued at $323,125,000 after buying an additional 683,001 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 3D Systems by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,382,491 shares of the 3D printing company’s stock valued at $26,129,000 after buying an additional 69,112 shares during the last quarter. Finally, EAM Investors LLC acquired a new stake in shares of 3D Systems in the 3rd quarter valued at approximately $2,631,000. 70.71% of the stock is owned by institutional investors.

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3D Systems Company Profile (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.

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