3D Systems (NYSE:DDD) Stock Price Down 4.9% – What’s Next?

3D Systems Co. (NYSE:DDD) traded down 4.9% during trading on Friday . The company traded as low as $4.34 and last traded at $4.45. 725,169 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 3,001,547 shares. The stock had previously closed at $4.68.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, February 1st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, 3D Systems presently has an average rating of “Hold” and a consensus price target of $3.25.

3D Systems Trading Down 8.2 %

The firm has a market cap of $582.49 million, a PE ratio of -1.08 and a beta of 1.63. The company’s fifty day moving average price is $3.44 and its two-hundred day moving average price is $3.07. 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 (NYSE:DDD) last released its quarterly earnings data on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. As a group, sell-side analysts forecast that 3D Systems Co. will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 3D Systems news, CEO Jeffrey A. Graves bought 60,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the transaction, the chief executive officer now owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. The trade was a 5.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the transaction, the executive vice president now owns 331,955 shares of the company’s stock, valued at approximately $1,281,346.30. The trade was a 25.89 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Hedge Funds Weigh In On 3D Systems

Several institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd purchased a new stake in 3D Systems in the 3rd quarter valued at about $25,000. Murchinson Ltd. purchased a new stake in 3D Systems in the 3rd quarter valued at about $28,000. HighTower Advisors LLC purchased a new stake in 3D Systems in the 3rd quarter valued at about $31,000. Blue Trust Inc. grew its holdings in 3D Systems by 411.6% in the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after buying an additional 8,050 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in 3D Systems in the 3rd quarter valued at about $36,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Company Profile

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.