3D Systems (NYSE:DDD) Trading Down 6.1% – Time to Sell?

3D Systems Co. (NYSE:DDD)’s stock price dropped 6.1% during mid-day trading on Friday . The company traded as low as $3.83 and last traded at $3.84. Approximately 1,411,651 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 2,317,384 shares. The stock had previously closed at $4.09.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Thursday. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Cantor Fitzgerald cut their price objective on shares of 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a report on Friday, August 30th. Lake Street Capital decreased their price objective on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Loop Capital dropped their target price on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a research report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $3.25.

3D Systems Stock Down 5.6 %

The stock has a market cap of $523.49 million, a price-to-earnings ratio of -0.96 and a beta of 1.64. The business’s 50 day moving average is $3.12 and its 200-day moving average is $3.08. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Institutional Investors Weigh In On 3D Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ARK Investment Management LLC increased its holdings in 3D Systems by 26.0% in the 3rd quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock worth $11,015,000 after acquiring an additional 799,157 shares in the last quarter. Geode Capital Management LLC increased its holdings in 3D Systems by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after acquiring an additional 38,431 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its holdings in 3D Systems by 32.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 1,223,759 shares of the 3D printing company’s stock worth $3,475,000 after acquiring an additional 302,484 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in 3D Systems by 13.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 993,145 shares of the 3D printing company’s stock worth $2,821,000 after acquiring an additional 116,158 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in 3D Systems by 85.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after acquiring an additional 403,175 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems 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.