3D Systems (NYSE:DDD) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of 3D Systems (NYSE:DDD) from a hold rating to a sell rating in a research report sent to investors on Friday.

Several other research analysts have also recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research report on Saturday, March 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Friday, March 28th. Cantor Fitzgerald lowered their target price on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Finally, Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $3.67.

3D Systems Trading Down 1.8 %

3D Systems stock opened at $1.89 on Friday. The business has a 50 day moving average price of $3.37 and a two-hundred day moving average price of $3.22. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. 3D Systems has a 12 month low of $1.72 and a 12 month high of $5.00. The stock has a market cap of $255.49 million, a price-to-earnings ratio of -0.47 and a beta of 1.63.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DDD. Two Sigma Advisers LP increased its holdings in 3D Systems by 553.9% during the 4th quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock valued at $4,712,000 after purchasing an additional 1,216,900 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of 3D Systems by 172.2% during the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock worth $4,894,000 after purchasing an additional 944,010 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in shares of 3D Systems in the fourth quarter valued at $159,000. ProShare Advisors LLC raised its holdings in shares of 3D Systems by 41.8% in the fourth quarter. ProShare Advisors LLC now owns 53,574 shares of the 3D printing company’s stock valued at $176,000 after buying an additional 15,787 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 3D Systems by 7.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 524,888 shares of the 3D printing company’s stock worth $1,722,000 after acquiring an additional 36,965 shares during the last quarter. Institutional investors own 64.49% of the company’s stock.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.