3D Systems Co. (NYSE:DDD) Short Interest Update

3D Systems Co. (NYSE:DDD) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 4,660,000 shares, a decline of 13.7% from the January 31st total of 5,400,000 shares. Based on an average trading volume of 2,980,000 shares, the short-interest ratio is presently 1.6 days.

Analysts Set New Price Targets

Several research firms recently weighed in on DDD. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research note on Wednesday, February 19th. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Finally, StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $3.25.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in 3D Systems during the third quarter worth about $25,000. Murchinson Ltd. bought a new stake in 3D Systems in the third quarter valued at approximately $28,000. HighTower Advisors LLC acquired a new stake in 3D Systems in the third quarter worth $31,000. Blue Trust Inc. boosted its position in shares of 3D Systems by 411.6% during the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock worth $33,000 after purchasing an additional 8,050 shares in the last quarter. Finally, Cibc World Markets Corp bought a new position in shares of 3D Systems during the fourth quarter worth $39,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Price Performance

Shares of 3D Systems stock traded down $0.07 during midday trading on Friday, reaching $2.96. The company had a trading volume of 1,031,806 shares, compared to its average volume of 2,686,338. The stock has a fifty day simple moving average of $3.70 and a 200 day simple moving average of $3.19. 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 capitalization of $401.30 million, a price-to-earnings ratio of -0.74 and a beta of 1.63. 3D Systems has a 1-year low of $1.72 and a 1-year high of $5.25.

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.