3D Systems Corporation’s (DDD) “Hold” Rating Reiterated at Stifel Nicolaus

3D Systems Corporation (NYSE:DDD)‘s stock had its “hold” rating reiterated by Stifel Nicolaus in a research note issued to investors on Wednesday. They presently have a $11.00 price objective on the 3D printing company’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 11.15% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Piper Jaffray Companies reiterated a “sell” rating and set a $10.00 target price on shares of 3D Systems Corporation in a report on Wednesday. KeyCorp reiterated a “hold” rating on shares of 3D Systems Corporation in a report on Friday, October 6th. Zacks Investment Research upgraded shares of 3D Systems Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Jefferies Group LLC reiterated a “hold” rating and set a $17.00 target price on shares of 3D Systems Corporation in a report on Tuesday, October 3rd. Finally, ValuEngine lowered shares of 3D Systems Corporation from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.46.

3D Systems Corporation (NYSE DDD) opened at 12.38 on Wednesday. The stock’s market capitalization is $1.41 billion. 3D Systems Corporation has a one year low of $11.38 and a one year high of $23.70. The company’s 50-day moving average is $12.85 and its 200 day moving average is $16.26.

3D Systems Corporation (NYSE:DDD) last released its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.35). The business had revenue of $152.90 million for the quarter, compared to analyst estimates of $162.22 million. 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. 3D Systems Corporation’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. Equities analysts expect that 3D Systems Corporation will post $0.44 EPS for the current year.

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In related news, insider Vyomesh Joshi bought 15,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $12.96 per share, with a total value of $199,584.00. Following the transaction, the insider now directly owns 165,400 shares of the company’s stock, valued at approximately $2,143,584. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 5.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in shares of 3D Systems Corporation by 23,856.2% in the 1st quarter. BlackRock Inc. now owns 11,328,150 shares of the 3D printing company’s stock valued at $169,471,000 after buying an additional 11,280,863 shares during the last quarter. Vanguard Group Inc. grew its position in shares of 3D Systems Corporation by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock valued at $169,369,000 after buying an additional 446,186 shares during the last quarter. Villere ST Denis J & Co. LLC grew its position in shares of 3D Systems Corporation by 1.4% in the 3rd quarter. Villere ST Denis J & Co. LLC now owns 4,953,090 shares of the 3D printing company’s stock valued at $66,321,000 after buying an additional 68,300 shares during the last quarter. State Street Corp grew its position in shares of 3D Systems Corporation by 4.0% in the 2nd quarter. State Street Corp now owns 3,464,144 shares of the 3D printing company’s stock valued at $64,779,000 after buying an additional 134,652 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its position in shares of 3D Systems Corporation by 294.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock valued at $34,115,000 after buying an additional 1,901,406 shares during the last quarter. 56.65% of the stock is currently owned by hedge funds and other institutional investors.

3D Systems Corporation Company Profile

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

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