In yesterday’s Wall Street session, 3D Systems Corporation (NYSE:DDD) shares traded at $5.31, up 2.91% from the previous session.
As of this writing, 8 analysts cover 3D Systems Corporation (NYSE:DDD). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.50 and a low of $6.00, we find $8.00. Given the previous closing price of $5.16, this indicates a potential upside of 55.04 percent. DDD stock price is now -31.00% away from the 50-day moving average and -41.32% away from the 200-day moving average. The market capitalization of the company currently stands at $712.76M.
There are 6 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $8.20 as their price target over the next twelve months.
With the price target of $8, Credit Suisse recently initiated with Underperform rating for 3D Systems Corporation (NYSE: DDD).
In other news, Puthenveetil Reji, EVP, Industrial Solutions sold 18,434 shares of the company’s stock on May 31. The stock was sold for $147,450 at an average price of $8.00. Upon completion of the transaction, the EVP, Industrial Solutions now directly owns 206,982 shares in the company, valued at $1.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 18, Director Clinton Malissia sold 8,685 shares of the business’s stock. A total of $74,489 was realized by selling the stock at an average price of $8.58. This leaves the insider owning 62,785 shares of the company worth $0.33 million. Insiders disposed of 359,742 shares of company stock worth roughly $1.91 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DDD stock. A new stake in 3D Systems Corporation shares was purchased by INTRINSIC EDGE CAPITAL MANAGEMENT LLC during the first quarter worth $2,921,000. TWO SIGMA INVESTMENTS, LP invested $2,856,000 in shares of DDD during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in 3D Systems Corporation valued at approximately $427,000. TWO SIGMA ADVISERS, LP acquired a new stake in DDD for approximately $348,000. STEEL PEAK WEALTH MANAGEMENT LLC purchased a new stake in DDD valued at around $212,000 in the second quarter. In total, there are 337 active investors with 66.80% ownership of the company’s stock.
Thursday morning saw 3D Systems Corporation (NYSE: DDD) opened at $5.22. During the past 12 months, 3D Systems Corporation has had a low of $4.90 and a high of $12.67. As of last week, the company has a debt-to-equity ratio of 0.64, a current ratio of 5.10, and a quick ratio of 4.10. The fifty day moving average price for DDD is $7.61 and a two-hundred day moving average price translates $9.03 for the stock.
The latest earnings results from 3D Systems Corporation (NYSE: DDD) was released for Jun, 2023. According to the Computer Hardware Company, earnings per share came in at -$0.07, missing analysts’ expectations of -$0.05 by -0.02. This compares to -$0.26 EPS in the same period last year. The net profit margin was -23.70% and return on equity was -16.70% for DDD. The company reported revenue of $128.19 million for the quarter, compared to $140.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.46 percent. For the current quarter, analysts expect DDD to generate $130.03M in revenue.
