Published On: Wed, Sep 14th, 2016

3D Systems Corp. (DDD) Given Hold Rating at Needham & Company LLC

3D Systems Corp. (NYSE:DDD)‘s stock had its “hold” rating reiterated by analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday.
DDD has been the subject of a number of other research reports. Zacks Investment Research lowered shares of 3D Systems Corp. from a “hold” rating to a “strong sell” rating in a report on Monday, May 16th. Vetr raised shares of 3D Systems Corp. from a “strong sell” rating to a “hold” rating and set a $12.40 price objective for the company in a report on Tuesday, August 2nd. Canaccord Genuity reissued a “hold” rating and issued a $14.00 price objective on shares of 3D Systems Corp. in a report on Tuesday. Pacific Crest reissued a “hold” rating on shares of 3D Systems Corp. in a report on Tuesday. Finally, Bank of America Corp. set a $25.00 price objective on shares of 3D Systems Corp. and gave the company a “buy” rating in a report on Tuesday. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.13.
3D Systems Corp. (NYSE:DDD) traded down 2.13% on Tuesday, reaching $15.16. 2,391,455 shares of the company’s stock were exchanged. The stock’s market cap is $1.70 billion. The firm has a 50 day moving average of $14.90 and a 200-day moving average of $14.29. 3D Systems Corp. has a one year low of $6.00 and a one year high of $19.76.

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3D Systems Corp. (NYSE:DDD) last released its earnings results on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.06. 3D Systems Corp. had a negative net margin of 100.84% and a positive return on equity of 1.55%. The business earned $158.10 million during the quarter, compared to analyst estimates of $161.01 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. Equities research analysts forecast that 3D Systems Corp. will post $0.39 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of DDD. Arizona State Retirement System raised its position in shares of 3D Systems Corp. by 0.4% in the first quarter. Arizona State Retirement System now owns 50,643 shares of the 3D printing company’s stock valued at $783,000 after buying an additional 200 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of 3D Systems Corp. by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 76,814 shares of the 3D printing company’s stock valued at $668,000 after buying an additional 217 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of 3D Systems Corp. by 1.2% in the second quarter. State Treasurer State of Michigan now owns 42,700 shares of the 3D printing company’s stock valued at $585,000 after buying an additional 500 shares in the last quarter. Stifel Financial Corp raised its position in shares of 3D Systems Corp. by 2.8% in the second quarter. Stifel Financial Corp now owns 18,573 shares of the 3D printing company’s stock valued at $255,000 after buying an additional 502 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of 3D Systems Corp. by 5.5% in the first quarter. M&T Bank Corp now owns 11,773 shares of the 3D printing company’s stock valued at $182,000 after buying an additional 612 shares in the last quarter. 50.16% of the stock is currently owned by hedge funds and other institutional investors.
About 3D Systems Corp.
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.

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