Lake Street Capital Cuts 3D Systems (NYSE:DDD) Price Target to $4.00

3D Systems (NYSE:DDD) had its price objective decreased by Lake Street Capital from $6.00 to $4.00 in a research note issued to investors on Thursday morning, Benzinga reports. Lake Street Capital currently has a buy rating on the 3D printing company’s stock.

Several other equities analysts also recently weighed in on DDD. Cantor Fitzgerald decreased their target price on 3D Systems from $5.50 to $3.75 and set an overweight rating on the stock in a research report on Friday, August 30th. Needham & Company LLC restated a hold rating on shares of 3D Systems in a research report on Friday, August 30th. Finally, StockNews.com upgraded 3D Systems from a sell rating to a hold rating in a research report on Monday, September 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $3.25.

3D Systems Stock Performance

NYSE DDD opened at $1.88 on Thursday. The company has a market cap of $250.86 million, a PE ratio of -0.66 and a beta of 1.65. The stock’s 50 day simple moving average is $3.00 and its 200-day simple moving average is $3.61. 3D Systems has a 1-year low of $1.85 and a 1-year high of $6.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.46 and a quick ratio of 2.47.

3D Systems (NYSE:DDD) last released its earnings results on Tuesday, August 20th. The 3D printing company reported ($0.23) earnings per share for the quarter. The firm had revenue of $102.91 million during the quarter. 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. As a group, equities research analysts anticipate that 3D Systems will post -0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On 3D Systems

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in 3D Systems by 0.7% during the first quarter. Vanguard Group Inc. now owns 14,217,779 shares of the 3D printing company’s stock worth $63,127,000 after buying an additional 98,797 shares in the last quarter. Tidal Investments LLC acquired a new stake in 3D Systems during the first quarter worth $271,000. Gabelli Funds LLC increased its stake in 3D Systems by 53.6% during the first quarter. Gabelli Funds LLC now owns 61,435 shares of the 3D printing company’s stock worth $273,000 after acquiring an additional 21,435 shares during the last quarter. Russell Investments Group Ltd. increased its stake in 3D Systems by 5,994.9% during the fourth quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company’s stock worth $30,000 after acquiring an additional 4,676 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in 3D Systems by 16.4% during the fourth quarter. Victory Capital Management Inc. now owns 25,965 shares of the 3D printing company’s stock worth $165,000 after acquiring an additional 3,652 shares during the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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.