3D Systems’ (DDD) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of 3D Systems (NYSE:DDD) in a report published on Friday,Weiss Ratings reports.

DDD has been the subject of several other research reports. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Finally, Craig Hallum raised 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, 3D Systems has a consensus rating of “Hold” and a consensus price target of $3.25.

3D Systems Stock Performance

Shares of DDD stock opened at $2.95 on Friday. The stock has a fifty day moving average of $3.68 and a 200 day moving average of $3.20. 3D Systems has a 52 week low of $1.72 and a 52 week high of $5.25. The firm has a market capitalization of $399.40 million, a price-to-earnings ratio of -0.74 and a beta of 1.63. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

Insider Activity

In other 3D Systems news, CEO Jeffrey A. Graves acquired 60,000 shares of 3D Systems stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the acquisition, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. This represents a 5.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible 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 value of $447,648.06. Following the completion of the sale, the executive vice president now owns 331,955 shares of the company’s stock, valued at $1,281,346.30. The trade was a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On 3D Systems

Large investors have recently bought and sold shares of the business. Weiss Asset Management LP bought a new stake in 3D Systems in the 3rd quarter worth about $1,143,000. XTX Topco Ltd grew its stake in shares of 3D Systems by 1,844.0% during the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock valued at $1,022,000 after purchasing an additional 341,308 shares during the period. Barclays PLC grew its stake in shares of 3D Systems by 260.1% during the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock valued at $589,000 after purchasing an additional 149,793 shares during the period. Geode Capital Management LLC grew its stake in shares of 3D Systems by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock valued at $8,541,000 after purchasing an additional 38,431 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of 3D Systems by 822.7% during the 4th quarter. Inspire Investing LLC now owns 139,685 shares of the 3D printing company’s stock valued at $458,000 after purchasing an additional 124,547 shares during the period. 64.49% of the stock is currently owned by institutional investors.

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.