Needham & Company LLC Reiterates Hold Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “hold” rating reiterated by Needham & Company LLC in a note issued to investors on Friday,Benzinga reports.

A number of other brokerages also recently commented on DDD. Craig Hallum upgraded 3D Systems to a “hold” rating in a research note on Thursday, December 12th. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a report on Saturday, March 22nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $3.25.

3D Systems Price Performance

NYSE:DDD opened at $2.15 on Friday. The firm’s fifty day moving average is $3.51 and its two-hundred day moving average is $3.22. The firm has a market cap of $290.90 million, a price-to-earnings ratio of -0.54 and a beta of 1.63. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. 3D Systems has a one year low of $1.72 and a one year high of $5.00.

Institutional Trading of 3D Systems

Institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in shares of 3D Systems during the 3rd quarter worth approximately $25,000. Murchinson Ltd. acquired a new position in 3D Systems during the third quarter worth $28,000. Blue Trust Inc. lifted its holdings in 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after purchasing an additional 8,050 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of 3D Systems in the third quarter valued at about $31,000. Finally, Cibc World Markets Corp purchased a new stake in shares of 3D Systems during the fourth quarter worth about $39,000. 64.49% of the stock is owned by institutional investors and hedge funds.

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.