Insider Buying: 3D Systems Co. (DDD) Director Purchases 6,430 Shares of Stock
3D Systems Co. (NYSE:DDD) Director G Walter Loewenbaum II bought 6,430 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were bought at an average price of $8.81 per share, with a total value of $56,648.30. Following the purchase, the director now owns 1,013,207 shares in the company, valued at approximately $8,926,353.67. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of 3D Systems Co. (NYSE:DDD) traded down $0.21 during trading on Monday, reaching $8.77. 3,222,032 shares of the company’s stock traded hands, compared to its average volume of 2,699,071. 3D Systems Co. has a twelve month low of $7.92 and a twelve month high of $23.70. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.
3D Systems (NYSE:DDD) last released its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.25). 3D Systems had a negative net margin of 8.01% and a negative return on equity of 5.85%. The firm had revenue of $152.90 million during the quarter, compared to the consensus estimate of $162.22 million. During the same period in the prior year, the business earned $0.14 earnings per share. 3D Systems’s quarterly revenue was down 2.2% compared to the same quarter last year. equities research analysts expect that 3D Systems Co. will post -0.3 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in DDD. Teachers Advisors LLC increased its holdings in 3D Systems by 2.5% in the 1st quarter. Teachers Advisors LLC now owns 184,449 shares of the 3D printing company’s stock valued at $2,759,000 after buying an additional 4,514 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in 3D Systems by 4.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 39,007 shares of the 3D printing company’s stock valued at $729,000 after buying an additional 1,629 shares during the period. LS Investment Advisors LLC increased its holdings in 3D Systems by 20.0% in the 2nd quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock valued at $163,000 after buying an additional 1,452 shares during the period. Louisiana State Employees Retirement System increased its holdings in 3D Systems by 4.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 28,200 shares of the 3D printing company’s stock valued at $527,000 after buying an additional 1,100 shares during the period. Finally, Aperio Group LLC increased its holdings in 3D Systems by 14.2% in the 2nd quarter. Aperio Group LLC now owns 20,017 shares of the 3D printing company’s stock valued at $374,000 after buying an additional 2,488 shares during the period. 60.55% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on DDD shares. Deutsche Bank restated a “hold” rating and set a $15.00 target price (down previously from $16.00) on shares of 3D Systems in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $11.00 price objective (down previously from $15.00) on shares of 3D Systems in a research note on Wednesday, November 1st. Citigroup dropped their price objective on shares of 3D Systems from $13.00 to $8.50 and set a “sell” rating for the company in a research note on Thursday, November 2nd. ValuEngine cut shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Finally, Bank of America cut shares of 3D Systems from a “buy” rating to an “underperform” rating and lifted their price objective for the stock from $9.63 to $12.38 in a research note on Wednesday, November 1st. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.97.
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3D Systems Company Profile
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.
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