3D Systems (DDD) Receiving Somewhat Favorable News Coverage, Study Shows

News coverage about 3D Systems (NYSE:DDD) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. 3D Systems earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the 3D printing company an impact score of 45.744721909209 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment’s analysis:

3D Systems (NYSE DDD) opened at $9.61 on Thursday. 3D Systems has a 52-week low of $7.92 and a 52-week high of $23.70. The company has a market capitalization of $1,090.00, a price-to-earnings ratio of -20.89 and a beta of 1.47. 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 released its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.25). 3D Systems had a negative return on equity of 5.85% and a negative net margin of 8.01%. The firm had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $162.22 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. equities research analysts predict that 3D Systems will post -0.3 EPS for the current year.

Several equities research analysts recently commented on DDD shares. Zacks Investment Research raised 3D Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Piper Jaffray Companies raised 3D Systems from an “underweight” rating to a “neutral” rating and set a $6.25 target price for the company in a research note on Monday, November 20th. ValuEngine raised 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Citigroup cut their target price on 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, Canaccord Genuity reissued a “neutral” rating on shares of 3D Systems in a research note on Wednesday, November 1st. Five equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $12.70.

In other news, Director G Walter Loewenbaum II purchased 40,500 shares of the stock in a transaction dated Monday, December 4th. The stock was acquired at an average cost of $8.94 per share, for a total transaction of $362,070.00. Following the completion of the transaction, the director now directly owns 1,053,707 shares in the company, valued at approximately $9,420,140.58. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have bought 47,930 shares of company stock valued at $428,048. Company insiders own 5.00% of the company’s stock.

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About 3D Systems

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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