3D Systems Corp. (DDD) Rating Increased to Strong-Buy at Vetr Inc.



3D Systems Corp. (NYSE:DDD) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday. The brokerage currently has a $16.47 price target on the 3D printing company’s stock. Vetr‘s price target points to a potential upside of 12.12% from the company’s current price.

DDD has been the topic of several other research reports. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems Corp. in a research report on Tuesday, September 13th. Brean Capital reissued a “hold” rating on shares of 3D Systems Corp. in a report on Friday, November 4th. Zacks Investment Research lowered shares of 3D Systems Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. Pacific Crest reissued a “hold” rating on shares of 3D Systems Corp. in a report on Tuesday, September 13th. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $16.00 target price on shares of 3D Systems Corp. in a report on Tuesday, December 13th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. 3D Systems Corp. has an average rating of “Hold” and a consensus price target of $16.04.

Analyst Recommendations for 3D Systems Corp. (NYSE:DDD)

Shares of 3D Systems Corp. (NYSE:DDD) traded down 2.72% on Wednesday, reaching $14.69. 1,697,752 shares of the company’s stock traded hands. 3D Systems Corp. has a 12-month low of $6.00 and a 12-month high of $19.76. The firm’s market cap is $1.65 billion. The stock has a 50-day moving average of $14.41 and a 200 day moving average of $14.64.


3D Systems Corp. (NYSE:DDD) last released its quarterly earnings data on Thursday, November 3rd. The 3D printing company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $156.36 million for the quarter, compared to analysts’ expectations of $160.16 million. 3D Systems Corp. had a negative net margin of 98.40% and a positive return on equity of 4.14%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 earnings per share. On average, equities research analysts expect that 3D Systems Corp. will post $0.43 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in DDD. State of Wisconsin Investment Board increased its position in shares of 3D Systems Corp. by 22.2% in the third quarter. State of Wisconsin Investment Board now owns 165,000 shares of the 3D printing company’s stock worth $2,962,000 after buying an additional 30,000 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of 3D Systems Corp. during the second quarter worth approximately $543,000. Cortina Asset Management LLC increased its position in shares of 3D Systems Corp. by 82.6% in the second quarter. Cortina Asset Management LLC now owns 114,274 shares of the 3D printing company’s stock worth $1,564,000 after buying an additional 51,685 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of 3D Systems Corp. by 42.8% in the second quarter. Nationwide Fund Advisors now owns 250,691 shares of the 3D printing company’s stock worth $3,432,000 after buying an additional 75,163 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of 3D Systems Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 14,771 shares of the 3D printing company’s stock worth $202,000 after buying an additional 1,805 shares in the last quarter. Institutional investors and hedge funds own 48.62% of the company’s stock.

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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