3D Systems’ (DDD) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of 3D Systems (NYSE:DDD) in a research note released on Saturday morning,Weiss Ratings reports.

A number of other brokerages have also weighed in on DDD. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Craig Hallum upgraded 3D Systems to a “hold” rating in a report on Thursday, December 12th. Finally, StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, 3D Systems has a consensus rating of “Hold” and an average target price of $3.25.

3D Systems Stock Performance

3D Systems stock opened at $3.75 on Friday. 3D Systems has a 1-year low of $1.72 and a 1-year high of $5.75. The firm has a market cap of $507.90 million, a P/E ratio of -0.94 and a beta of 1.63. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average of $3.35 and a 200-day moving average of $3.04.

3D Systems (NYSE:DDD) last posted its earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative net margin of 117.65% and a negative return on equity of 26.72%. Sell-side analysts expect that 3D Systems will post -0.73 EPS for the current year.

Insider Transactions at 3D Systems

In other news, EVP Charles W. Hull sold 115,971 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the sale, the executive vice president now directly owns 331,955 shares of the company’s stock, valued at approximately $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $3.85 per share, with a total value of $231,000.00. Following the transaction, the chief executive officer now owns 1,091,782 shares in the company, valued at $4,203,360.70. The trade was a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On 3D Systems

A number of institutional investors have recently made changes to their positions in the company. ARK Investment Management LLC lifted its position in 3D Systems by 26.0% in the 3rd quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock valued at $11,015,000 after acquiring an additional 799,157 shares in the last quarter. Walleye Capital LLC lifted its holdings in shares of 3D Systems by 3,140.9% during the third quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock valued at $1,445,000 after purchasing an additional 525,688 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of 3D Systems during the third quarter valued at $1,143,000. XTX Topco Ltd increased its holdings in 3D Systems by 1,844.0% in the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock worth $1,022,000 after buying an additional 341,308 shares in the last quarter. Finally, Barclays PLC raised its position in 3D Systems by 260.1% in the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after buying an additional 149,793 shares during the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.