3D Systems (NYSE:DDD) Rating Reiterated by B. Riley

3D Systems (NYSE:DDD)‘s stock had its “neutral” rating reaffirmed by investment analysts at B. Riley in a note issued to investors on Friday, TipRanks reports. They currently have a $8.00 target price on the 3D printing company’s stock. B. Riley’s target price points to a potential downside of 7.94% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. downgraded 3D Systems from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $8.00 to $7.00 in a research report on Thursday, August 8th. Zacks Investment Research upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Tuesday, August 13th. TheStreet downgraded 3D Systems from a “c-” rating to a “d” rating in a research report on Thursday, May 16th. Finally, ValuEngine upgraded 3D Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. 3D Systems has an average rating of “Hold” and a consensus price target of $10.00.

3D Systems stock opened at $8.69 on Friday. 3D Systems has a one year low of $6.47 and a one year high of $20.67. The business has a fifty day moving average price of $7.53 and a 200-day moving average price of $9.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.36 and a quick ratio of 1.62. The firm has a market capitalization of $1.00 billion, a P/E ratio of -23.49 and a beta of 1.99.



3D Systems (NYSE:DDD) last posted its quarterly earnings results on Wednesday, August 7th. The 3D printing company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.07). 3D Systems had a negative return on equity of 8.98% and a negative net margin of 9.78%. The company had revenue of $157.30 million during the quarter, compared to the consensus estimate of $160.74 million. During the same period in the previous year, the business earned $0.06 earnings per share. 3D Systems’s revenue was down 11.1% on a year-over-year basis. Sell-side analysts expect that 3D Systems will post -0.4 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Invesco Ltd. lifted its holdings in shares of 3D Systems by 1,451.2% during the second quarter. Invesco Ltd. now owns 8,588,621 shares of the 3D printing company’s stock valued at $78,157,000 after purchasing an additional 8,034,936 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of 3D Systems by 14.0% during the second quarter. BlackRock Inc. now owns 18,606,045 shares of the 3D printing company’s stock valued at $169,316,000 after purchasing an additional 2,280,218 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 3D Systems by 310.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 788,277 shares of the 3D printing company’s stock valued at $8,017,000 after purchasing an additional 596,313 shares during the last quarter. Morgan Stanley lifted its holdings in shares of 3D Systems by 344.6% during the second quarter. Morgan Stanley now owns 742,367 shares of the 3D printing company’s stock valued at $6,755,000 after purchasing an additional 575,391 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of 3D Systems by 63.6% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,394,387 shares of the 3D printing company’s stock valued at $12,689,000 after purchasing an additional 541,870 shares during the last quarter. 71.42% of the stock is currently owned by institutional investors and hedge funds.

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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