G Walter Loewenbaum II Acquires 6,430 Shares of 3D Systems Co. (DDD) Stock

3D Systems Co. (NYSE:DDD) Director G Walter Loewenbaum II bought 6,430 shares of 3D Systems stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average price of $8.81 per share, with a total value of $56,648.30. Following the purchase, the director now owns 1,013,207 shares of the company’s stock, valued at approximately $8,926,353.67. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

G Walter Loewenbaum II also recently made the following trade(s):

  • On Monday, December 4th, G Walter Loewenbaum II bought 40,500 shares of 3D Systems stock. The stock was bought at an average price of $8.94 per share, with a total value of $362,070.00.

3D Systems Co. (NYSE:DDD) opened at $9.61 on Wednesday. 3D Systems Co. has a one year low of $7.92 and a one year high of $23.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 2.63.

3D Systems (NYSE:DDD) last posted its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). 3D Systems had a negative net margin of 8.01% and a negative return on equity of 5.85%. The firm had revenue of $152.90 million during the quarter, compared to the consensus estimate of $162.22 million. During the same quarter last year, the firm posted $0.14 EPS. The business’s revenue was down 2.2% on a year-over-year basis. research analysts forecast that 3D Systems Co. will post -0.3 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of 3D Systems in the second quarter valued at approximately $115,000. LS Investment Advisors LLC grew its holdings in 3D Systems by 20.0% during the 2nd quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock worth $163,000 after acquiring an additional 1,452 shares during the period. PNC Financial Services Group Inc. grew its holdings in 3D Systems by 19.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock worth $178,000 after acquiring an additional 1,552 shares during the period. Riverhead Capital Management LLC grew its holdings in 3D Systems by 77.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock worth $186,000 after acquiring an additional 4,326 shares during the period. Finally, Flinton Capital Management LLC grew its holdings in 3D Systems by 76.8% during the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock worth $189,000 after acquiring an additional 4,386 shares during the period. Institutional investors own 60.55% of the company’s stock.

DDD has been the subject of several research reports. Piper Jaffray Companies reiterated a “sell” rating and issued a $10.00 target price on shares of 3D Systems in a research note on Wednesday, November 1st. Bank of America cut shares of 3D Systems from a “buy” rating to an “underperform” rating and raised their price target for the stock from $9.63 to $12.38 in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of 3D Systems from a “hold” rating to a “strong sell” rating in a research note on Monday, November 6th. Citigroup cut their price target on shares of 3D Systems from $13.00 to $8.50 and set a “sell” rating for the company in a research note on Thursday, November 2nd. Finally, Jefferies Group restated a “hold” rating and set a $17.00 price target on shares of 3D Systems in a research note on Tuesday, October 3rd. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $12.97.

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3D Systems 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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