3D Systems (NYSE:DDD) Given “Sell (E+)” Rating at Weiss Ratings

3D Systems (NYSE:DDD)‘s stock had its “sell (e+)” rating reaffirmed by analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

DDD has been the subject of several other research reports. StockNews.com raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Craig Hallum upgraded 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Wednesday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, 3D Systems has a consensus rating of “Hold” and an average price target of $3.25.

3D Systems Price Performance

Shares of NYSE DDD traded down $0.03 during midday trading on Friday, hitting $3.09. The stock had a trading volume of 1,897,304 shares, compared to its average volume of 2,080,576. The stock has a 50 day simple moving average of $3.27 and a 200-day simple moving average of $3.05. The company has a market capitalization of $418.39 million, a PE ratio of -0.78 and a beta of 1.61. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. 3D Systems has a 1 year low of $1.72 and a 1 year high of $5.75.

Insider Activity at 3D Systems

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of 3D Systems stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the sale, the executive vice president now directly owns 331,955 shares in the company, valued at $1,281,346.30. This trade represents a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Graves purchased 60,000 shares of 3D Systems stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $3.85 per share, for a total transaction of $231,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,091,782 shares in the company, valued at approximately $4,203,360.70. This trade represents a 5.82 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On 3D Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ARK Investment Management LLC lifted its position in 3D Systems by 26.0% in the third quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock valued at $11,015,000 after purchasing an additional 799,157 shares during the period. Walleye Capital LLC lifted its holdings in shares of 3D Systems by 3,140.9% in the 3rd quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock valued at $1,445,000 after buying an additional 525,688 shares during the period. Weiss Asset Management LP purchased a new stake in shares of 3D Systems in the third quarter valued at approximately $1,143,000. XTX Topco Ltd grew its holdings in 3D Systems by 1,844.0% during the third quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock worth $1,022,000 after acquiring an additional 341,308 shares during the period. Finally, Silverberg Bernstein Capital Management LLC raised its position in 3D Systems by 32.8% in the third 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. 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.