In yesterday’s Wall Street session, 3D Systems Corp. (NYSE:DDD) shares traded at $3.68, down -6.36% from the previous session.
As of this writing, 7 analysts cover 3D Systems Corp. (NYSE:DDD). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $4.00, we find $6.75. Given the previous closing price of $3.93, this indicates a potential upside of 71.76 percent. DDD stock price is now -27.08% away from the 50-day moving average and -56.36% away from the 200-day moving average. The market capitalization of the company currently stands at $491.54M.
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 $6.63 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 Corp. (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 $0.76 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 $0.23 million. Insiders disposed of 386,117 shares of company stock worth roughly $1.42 million over the past 1 year. A total of 2.82% 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 Corp. shares was purchased by INTRINSIC EDGE CAPITAL MANAGEMENT LLC during the first quarter worth $2,024,000. TWO SIGMA INVESTMENTS, LP invested $1,980,000 in shares of DDD during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in 3D Systems Corp. valued at approximately $296,000. TWO SIGMA ADVISERS, LP acquired a new stake in DDD for approximately $241,000. SG AMERICAS SECURITIES, LLC purchased a new stake in DDD valued at around $226,000 in the second quarter. In total, there are 337 active investors with 67.60% ownership of the company’s stock.
During the past 12 months, 3D Systems Corp. has had a low of $3.55 and a high of $12.67. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 5.10, and a quick ratio of 4.09. The fifty day moving average price for DDD is $4.9890 and a two-hundred day moving average price translates $8.4079 for the stock.
The latest earnings results from 3D Systems Corp. (NYSE: DDD) was released for Jun, 2023. The net profit margin was -23.60% and return on equity was -16.24% 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.
3D Systems Corp.(DDD) 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. It also develops, blends, and markets various print materials, such as plastic, nylon, metal, composite, elastomeric, wax, polymeric dental materials, and biocompatible materials. In addition, the company provides digital design tools, including software, scanners, and haptic devices, as well as solutions for product design, simulation, mold and die design, 3D scan-to-print, reverse engineering, production machining, metrology, and inspection and manufacturing workflows under the Geomagic brand. Further, it offers 3D Sprint and 3DXpert, a proprietary software to prepare and optimize CAD data and manage the additive manufacturing processes, which provides automated support building and placement, build platform management, print simulation, and print queue management; and Bioprint Pro, a software solution that allows researchers to design and bioprint repeatable experiments. Additionally, the company provides maintenance and training services; manufacturing services; and software and precision healthcare services. It primarily serves companies and small and midsize businesses in medical, dental, automotive, aerospace, durable goods, government, defense, technology, jewelry, electronic, education, consumer goods, energy, biotechnology, and other industries through direct sales force, channel partners, and appointed distributors. 3D Systems Corporation was founded in 1986 and is headquartered in Rock Hill, South Carolina.
