Weiss Ratings Reiterates “Sell (D-)” Rating for 3D Systems (NYSE:DDD)

3D Systems (NYSE:DDD)‘s stock had its “sell (d-)” rating reissued by investment analysts at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

Several other equities research analysts have also recently commented on the stock. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Finally, StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.25.

3D Systems Stock Performance

Shares of NYSE:DDD opened at $3.75 on Friday. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The company has a market cap of $507.90 million, a price-to-earnings ratio of -0.94 and a beta of 1.63. 3D Systems has a 12 month low of $1.72 and a 12 month high of $5.75. The company has a 50-day moving average price of $3.35 and a 200-day moving average price of $3.04.

3D Systems (NYSE:DDD) last released its quarterly earnings data on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. As a group, equities analysts anticipate that 3D Systems will post -0.73 EPS for the current year.

Insider Activity at 3D Systems

In other news, EVP Charles W. Hull sold 115,971 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the transaction, 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 through the SEC website. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the purchase, the chief executive officer now owns 1,091,782 shares in the company, valued at $4,203,360.70. This represents a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On 3D Systems

A number of hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC bought a new stake in shares of 3D Systems in the 2nd quarter worth $41,000. SG Americas Securities LLC boosted its position in shares of 3D Systems by 23.8% during the third quarter. SG Americas Securities LLC now owns 45,617 shares of the 3D printing company’s stock valued at $130,000 after buying an additional 8,769 shares during the last quarter. Inspire Investing LLC increased its holdings in 3D Systems by 33.7% in the 3rd quarter. Inspire Investing LLC now owns 15,138 shares of the 3D printing company’s stock worth $43,000 after buying an additional 3,818 shares in the last quarter. Creative Planning purchased a new position in 3D Systems in the 3rd quarter worth about $43,000. Finally, Inspire Advisors LLC lifted its stake in 3D Systems by 40.1% during the 3rd quarter. Inspire Advisors LLC now owns 65,808 shares of the 3D printing company’s stock valued at $187,000 after acquiring an additional 18,848 shares during the period. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

About 3D Systems

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.