Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised 3D Systems Corporation from a sell rating to a hold rating in a research note on Tuesday, July 4th. Susquehanna Bancshares Inc began coverage on 3D Systems Corporation in a research note on Thursday, July 13th. They issued a neutral rating and a $16.00 price target for the company. Loop Capital began coverage on 3D Systems Corporation in a research note on Monday, July 24th. They issued a hold rating and a $18.00 price target for the company. BidaskClub cut 3D Systems Corporation from a hold rating to a sell rating in a research note on Saturday, July 8th. Finally, Stifel Nicolaus reissued a hold rating and issued a $15.00 price target on shares of 3D Systems Corporation in a research note on Wednesday, October 4th. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $13.76.
3D Systems Corporation (NYSE:DDD) last issued its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.25). 3D Systems Corporation had a negative return on equity of 5.80% and a negative net margin of 8.01%. The company had revenue of $152.90 million during the quarter, compared to analyst estimates of $162.22 million. During the same period in the prior year, the business earned $0.14 earnings per share. 3D Systems Corporation’s quarterly revenue was down 2.2% on a year-over-year basis.
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In related news, insider Vyomesh Joshi purchased 15,400 shares of 3D Systems Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average price of $12.96 per share, with a total value of $199,584.00. Following the completion of the transaction, the insider now directly owns 165,400 shares of the company’s stock, valued at approximately $2,143,584. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.00% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in 3D Systems Corporation by 23,856.2% during the first quarter. BlackRock Inc. now owns 11,328,150 shares of the 3D printing company’s stock worth $169,471,000 after buying an additional 11,280,863 shares in the last quarter. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 446,186 shares in the last quarter. Villere ST Denis J & Co. LLC boosted its holdings 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 purchasing an additional 68,300 shares in the last quarter. State Street Corp boosted its holdings 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 purchasing an additional 134,652 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its holdings 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 purchasing an additional 1,901,406 shares in the last quarter. 56.65% of the stock is currently owned by institutional investors and hedge funds.
About 3D Systems Corporation
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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