3D Systems Co. (NYSE:DDD) EVP Sells $193,054.16 in Stock

3D Systems Co. (NYSE:DDD) EVP Andrew Martin Johnson sold 20,068 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $9.62, for a total value of $193,054.16. Following the completion of the sale, the executive vice president now owns 196,180 shares of the company’s stock, valued at approximately $1,887,251.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of 3D Systems stock opened at $9.42 on Friday. The company has a quick ratio of 1.57, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -25.46 and a beta of 2.06. The business has a fifty day simple moving average of $8.44 and a 200-day simple moving average of $8.48. 3D Systems Co. has a fifty-two week low of $6.47 and a fifty-two week high of $14.50.

3D Systems (NYSE:DDD) last announced its earnings results on Wednesday, August 7th. The 3D printing company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). 3D Systems had a negative net margin of 10.74% and a negative return on equity of 9.77%. The company had revenue of $157.30 million for the quarter, compared to analysts’ expectations of $160.74 million. During the same period in the prior year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. Analysts anticipate that 3D Systems Co. will post -0.38 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC lifted its holdings in shares of 3D Systems by 3.0% during the third quarter. Mason Street Advisors LLC now owns 40,119 shares of the 3D printing company’s stock valued at $327,000 after purchasing an additional 1,168 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of 3D Systems during the third quarter valued at $40,000. First Trust Advisors LP purchased a new stake in shares of 3D Systems during the third quarter valued at $481,000. Berkeley Capital Partners LLC lifted its holdings in shares of 3D Systems by 11.6% during the third quarter. Berkeley Capital Partners LLC now owns 49,609 shares of the 3D printing company’s stock valued at $404,000 after purchasing an additional 5,137 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of 3D Systems during the third quarter valued at $513,000. 71.87% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on DDD. B. Riley restated a “neutral” rating and issued a $8.00 price objective on shares of 3D Systems in a report on Friday, September 13th. ValuEngine upgraded 3D Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Zacks Investment Research upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. lowered 3D Systems from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $8.00 to $7.00 in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $9.33.

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.

Featured Article: How do CD ladders protect against rising interest rates?

Receive News & Ratings for 3D Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3D Systems and related companies with MarketBeat.com's FREE daily email newsletter.