Notable Stock Analysts Ratings 3D Systems Corporation (DDD)

Xavier Trudeau
Août 3, 2017

3D Systems Corporation (NYSE:DDD) soared 28.52% year-to-date.

For the second quarter of 2017, operating expenses were $87.5 million compared to $84.1 million in the prior year. Six analysts surveyed by Zacks expected $163 million.

DDD has been the subject of several recent analyst reports. Canaccord Genuity reiterated a "hold" rating and issued a $15.00 target price on shares of 3D Systems Corporation in a research note on Friday, May 26th.

The biggest institutional shareholders in 3D Systems Corporation include Vanguard Group Inc which owns 9 million shares in the company valued at $128.82 million.

At the moment 17 analysts are watching 3D Systems Corporation (NASDAQ:DDD), 1 rate it "Buy", 1 "Outperform", 11 "Underperform", 3 "Sell", while 1 "Hold". Goldman Sachs Group, Inc.

Equity analyst Piper Jaffray lowered the price target and downgraded the stock on July 18 cutting the price target from $14.00 to $10.50 and moving the rating from "Neutral" to "Underweight".

Want the latest recommendations from Zacks Investment Research? The company now has an average rating of Hold and an average price target of $17.82.

In related news, COO Kevin Mcalea sold 17,500 shares of the business's stock in a transaction that occurred on Thursday, June 1st. Following the completion of the sale, the director now directly owns 1,007,106 shares of the company's stock, valued at $22,448,392.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $22.29, for a total transaction of $557,250.00.

ATR value of company was 0.69 and Relative Strength Index (RSI) was 34.93. The disclosure for this sale can be found here. During its last trading session, Stock traded with the total exchanged volume of 3.08 million shares. Stifel Financial Corp raised its position in 3D Systems Corporation by 0.6% in the first quarter. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Northwestern Mutual Investment Management Company LLC raised its position in 3D Systems Corporation by 0.7% in the first quarter. Geode Capital Management LLC now owns 825,753 shares of the 3D printing company's stock valued at $12,353,000 after buying an additional 70,385 shares in the last quarter. State Street Corp increased its stake in shares of 3D Systems Corporation by 3.2% in the first quarter. The number of shares now owned by investors are 114.01 mln. Investment Management of Virginia LLC now owns 1,697,859 shares of the 3D printing company's stock valued at $25,400,000 after buying an additional 88,763 shares in the last quarter.

While looking at the Stock's Performance, 3D Systems Corporation now shows a Weekly Performance of -5.79%, where Monthly Performance is -8.66%, Quarterly performance is 4.59%, 6 Months performance is 3.58% and yearly performance percentage is 34.38%.

Shares of 3D Systems Corporation (NYSE DDD) traded down 18.99% during trading on Monday, reaching $13.78. BlackRock Fund Advisors is the second biggest holder with 7 million shares now valued at 141.55 million whilst Villere St Denis J & Co Llc has 6 million shares valued at 83.74 million. The firm's market capitalization is $1.57 billion. 3D Systems Corporation has a 1-year low of $12.34 and a 1-year high of $23.70. The firm has a 50-day moving average price of $19.05 and a 200-day moving average price of $17.54.

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3D Systems' revenue grew 1% year-over-year.

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