Key Points
- CEO Jeffrey Graves sold 42,686 shares of 3D Systems at an average price of $3.55, generating approximately $151,535. After the sale, he retained 1,231,596 shares, a 3.35% reduction in his position.
- 3D Systems shares opened at $3.64 and were trading near the upper half of their 52-week range, with a market capitalization of approximately $605 million. The company recently beat quarterly earnings and revenue estimates but remains unprofitable.
- Analyst sentiment is mixed, with a consensus “Hold” rating and a $5.50 target price; institutional investors own approximately 64.49% of the company’s stock.
3D Systems Corporation (NYSE:DDD - Get Free Report) CEO Jeffrey Graves sold 42,686 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $3.55, for a total transaction of $151,535.30. Following the completion of the sale, the chief executive officer directly owned 1,231,596 shares in the company, valued at approximately $4,372,165.80. This trade represents a 3.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
3D Systems Trading Up 2.8%
NYSE DDD opened at $3.64 on Friday. 3D Systems Corporation has a 52 week low of $1.70 and a 52 week high of $4.12. The firm has a 50 day moving average of $3.19 and a two-hundred day moving average of $2.82. The company has a quick ratio of 2.27, a current ratio of 3.40 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $604.79 million, a PE ratio of -8.88 and a beta of 2.75.
3D Systems (NYSE:DDD - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The 3D printing company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.02. The business had revenue of $94.60 million for the quarter, compared to analyst estimates of $94.01 million. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. As a group, research analysts expect that 3D Systems Corporation will post -0.23 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Craig Hallum upgraded 3D Systems from a "hold" rating to a "buy" rating and set a $6.00 price objective on the stock in a report on Tuesday, August 4th. Weiss Ratings cut shares of 3D Systems from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, 3D Systems has a consensus rating of "Hold" and a consensus target price of $5.50.
View Our Latest Report on 3D Systems
Institutional Investors Weigh In On 3D Systems
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in shares of 3D Systems during the second quarter worth approximately $1,221,000. Dimensional Fund Advisors LP boosted its stake in 3D Systems by 20.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,881,311 shares of the 3D printing company's stock worth $3,537,000 after purchasing an additional 320,427 shares during the period. Penn Capital Management Company LLC boosted its stake in 3D Systems by 992.1% during the 4th quarter. Penn Capital Management Company LLC now owns 1,292,379 shares of the 3D printing company's stock worth $2,288,000 after purchasing an additional 1,174,038 shares during the period. Renaissance Technologies LLC grew its position in 3D Systems by 16.2% during the 1st quarter. Renaissance Technologies LLC now owns 1,159,550 shares of the 3D printing company's stock worth $2,180,000 after purchasing an additional 161,643 shares during the last quarter. Finally, UBS Group AG grew its position in 3D Systems by 83.1% during the 4th quarter. UBS Group AG now owns 2,117,975 shares of the 3D printing company's stock worth $3,749,000 after purchasing an additional 961,166 shares during the last quarter. Hedge funds and other institutional investors own 64.49% of the company's stock.
About 3D Systems
(
Get Free Report)
3D Systems Corporation (NYSE:DDD) develops and provides additive manufacturing, commonly known as 3D printing, technologies for industrial and healthcare applications. The company offers 3D printers, printing materials, software, design and production services, and related support to help customers move from product development and prototyping to production.
Its solutions serve industries including aerospace and defense, automotive, healthcare, dental, consumer products, and general manufacturing.
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