Cantor Fitzgerald Lowers 3D Systems (NYSE:DDD) Price Target to $5.00

3D Systems (NYSE:DDD) had its price objective decreased by equities research analysts at Cantor Fitzgerald from $5.75 to $5.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the 3D printing company’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 142.13% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, March 22nd. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Craig Hallum raised 3D Systems to a “hold” rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $3.67.

3D Systems Stock Performance

Shares of NYSE DDD traded down $0.09 during midday trading on Friday, reaching $2.07. The company’s stock had a trading volume of 826,249 shares, compared to its average volume of 2,544,478. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. The stock has a market capitalization of $280.06 million, a P/E ratio of -0.52 and a beta of 1.63. The firm has a 50 day moving average price of $3.51 and a 200-day moving average price of $3.22. 3D Systems has a 12-month low of $1.72 and a 12-month high of $5.00.

Institutional Trading of 3D Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in shares of 3D Systems in the 3rd quarter worth approximately $25,000. Murchinson Ltd. bought a new position in shares of 3D Systems during the third quarter valued at about $28,000. HighTower Advisors LLC purchased a new position in shares of 3D Systems in the third quarter worth about $31,000. Blue Trust Inc. lifted its stake in shares of 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 acquiring an additional 8,050 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new stake in 3D Systems during the 4th quarter valued at about $39,000. 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.