Prospera Financial Services Inc acquired a new stake in 3D Systems Co. (NYSE:DDD – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,678 shares of the 3D printing company’s stock, valued at approximately $145,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of DDD. CWM LLC bought a new position in shares of 3D Systems in the 4th quarter valued at about $58,000. Point72 Hong Kong Ltd bought a new position in shares of 3D Systems in the 4th quarter valued at about $85,000. Nisa Investment Advisors LLC grew its position in shares of 3D Systems by 232.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 5,660 shares of the 3D printing company’s stock valued at $94,000 after acquiring an additional 3,960 shares during the period. CarsonAllaria Wealth Management Ltd. bought a new position in shares of 3D Systems in the 4th quarter valued at about $99,000. Finally, Richelieu Gestion PLC bought a new position in shares of 3D Systems in the 1st quarter valued at about $107,000. Institutional investors own 69.13% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on DDD shares. StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Thursday, May 12th. Craig Hallum reduced their target price on shares of 3D Systems from $18.00 to $10.00 in a report on Wednesday, May 11th. Finally, Bank of America reduced their target price on shares of 3D Systems from $23.00 to $12.00 in a report on Tuesday, May 10th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, 3D Systems currently has an average rating of “Hold” and a consensus price target of $20.67.
3D Systems Price Performance
Shares of 3D Systems stock opened at $12.37 on Friday. 3D Systems Co. has a twelve month low of $8.78 and a twelve month high of $40.40. The company has a quick ratio of 5.90, a current ratio of 6.57 and a debt-to-equity ratio of 0.54. The company has a 50-day simple moving average of $10.38 and a two-hundred day simple moving average of $13.41. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 6.19 and a beta of 1.41.
3D Systems (NYSE:DDD – Get Rating) last issued its quarterly earnings data on Monday, May 9th. The 3D printing company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.08). 3D Systems had a negative return on equity of 5.29% and a net margin of 41.50%. The business had revenue of $133.00 million during the quarter, compared to analyst estimates of $132.67 million. During the same quarter last year, the firm earned $0.10 EPS. 3D Systems’s revenue for the quarter was down 9.0% compared to the same quarter last year. Analysts forecast that 3D Systems Co. will post -0.39 EPS for the current year.
Insiders Place Their Bets
In other 3D Systems news, Director Jim D. Kever acquired 10,000 shares of the company’s stock in a transaction on Thursday, May 26th. The stock was acquired at an average price of $10.65 per share, for a total transaction of $106,500.00. Following the purchase, the director now directly owns 404,672 shares of the company’s stock, valued at $4,309,756.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Jim D. Kever bought 10,000 shares of the company’s stock in a transaction dated Thursday, May 26th. The stock was bought at an average cost of $10.65 per share, for a total transaction of $106,500.00. Following the transaction, the director now owns 404,672 shares of the company’s stock, valued at $4,309,756.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Graves bought 10,141 shares of the company’s stock in a transaction dated Thursday, May 19th. The stock was purchased at an average price of $10.50 per share, with a total value of $106,480.50. Following the completion of the transaction, the chief executive officer now directly owns 577,158 shares in the company, valued at approximately $6,060,159. The disclosure for this purchase can be found here. Corporate insiders own 3.45% of the company’s stock.
3D Systems Company Profile
3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, 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.
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