3D Systems (NYSE:DDD) Stock Price Up 5.4% – Here’s What Happened

3D Systems Co. (NYSE:DDD)’s share price was up 5.4% during trading on Monday . The stock traded as high as $3.74 and last traded at $3.80. Approximately 683,122 shares traded hands during trading, a decline of 74% from the average daily volume of 2,619,637 shares. The stock had previously closed at $3.60.

Analyst Upgrades and Downgrades

DDD has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Finally, StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, 3D Systems currently has a consensus rating of “Hold” and an average target price of $3.25.

3D Systems Price Performance

The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The company’s 50 day simple moving average is $3.37 and its two-hundred day simple moving average is $3.05.

3D Systems (NYSE:DDD) last released its earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share for the quarter, missing the consensus estimate 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%. On average, equities analysts predict that 3D Systems Co. will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jeffrey A. Graves bought 60,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average cost of $3.85 per share, with a total value of $231,000.00. Following the acquisition, the chief executive officer now directly owns 1,091,782 shares in the company, valued at $4,203,360.70. This trade represents a 5.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Charles W. Hull sold 115,971 shares of the company’s 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 completion of the transaction, the executive vice president now owns 331,955 shares of the company’s stock, valued at approximately $1,281,346.30. This trade represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

Hedge funds have recently bought and sold shares of the business. Intech Investment Management LLC grew its position in shares of 3D Systems by 6.4% in the third quarter. Intech Investment Management LLC now owns 52,323 shares of the 3D printing company’s stock valued at $149,000 after purchasing an additional 3,166 shares during the period. Inspire Investing LLC lifted its holdings in 3D Systems by 33.7% in the 3rd quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company’s stock valued at $43,000 after purchasing an additional 3,818 shares in the last quarter. Rhumbline Advisers boosted its stake in 3D Systems by 2.2% during the 4th quarter. Rhumbline Advisers now owns 207,406 shares of the 3D printing company’s stock worth $680,000 after purchasing an additional 4,451 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of 3D Systems by 14.4% in the third quarter. BNP Paribas Financial Markets now owns 46,778 shares of the 3D printing company’s stock valued at $133,000 after buying an additional 5,884 shares during the last quarter. Finally, Impact Partnership Wealth LLC lifted its stake in shares of 3D Systems by 31.3% in the fourth quarter. Impact Partnership Wealth LLC now owns 27,772 shares of the 3D printing company’s stock worth $91,000 after buying an additional 6,615 shares in 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.