3D Systems Co. (NYSE:DDD) traded up 9.6% on Tuesday after an insider bought additional shares in the company. The stock traded as high as $9.76 and last traded at $9.61. 3,643,009 shares were traded during mid-day trading, an increase of 35% from the average session volume of 2,703,104 shares. The stock had previously closed at $8.77.

Specifically, Director G Walter Loewenbaum II acquired 6,430 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $8.81 per share, with a total value of $56,648.30. Following the completion of the purchase, the director now owns 1,013,207 shares of the company’s stock, valued at approximately $8,926,353.67. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

A number of research analysts recently issued reports on the company. Piper Jaffray Companies upgraded 3D Systems from an “underweight” rating to a “neutral” rating and set a $6.25 target price for the company in a report on Monday, November 20th. ValuEngine upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Zacks Investment Research lowered 3D Systems from a “hold” rating to a “strong sell” rating in a report on Monday, November 6th. Citigroup decreased their target price on 3D Systems from $13.00 to $8.50 and set a “sell” rating for the company in a report on Thursday, November 2nd. Finally, Canaccord Genuity reiterated a “neutral” rating on shares of 3D Systems in a report on Wednesday, November 1st. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $12.97.

The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.25). The business had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $162.22 million. 3D Systems had a negative return on equity of 5.85% and a negative net margin of 8.01%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. research analysts predict that 3D Systems Co. will post -0.3 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. River & Mercantile Asset Management LLP lifted its holdings in 3D Systems by 113.5% during the 2nd quarter. River & Mercantile Asset Management LLP now owns 120,121 shares of the 3D printing company’s stock worth $2,246,000 after buying an additional 63,851 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in 3D Systems during the 2nd quarter worth about $5,143,000. Concourse Capital Management LLC lifted its holdings in 3D Systems by 436.3% during the 2nd quarter. Concourse Capital Management LLC now owns 63,337 shares of the 3D printing company’s stock worth $1,184,000 after buying an additional 51,527 shares during the last quarter. Westpac Banking Corp lifted its holdings in 3D Systems by 129.9% during the 3rd quarter. Westpac Banking Corp now owns 49,200 shares of the 3D printing company’s stock worth $659,000 after buying an additional 27,800 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in 3D Systems by 137.4% during the 3rd quarter. SG Americas Securities LLC now owns 135,934 shares of the 3D printing company’s stock worth $1,820,000 after buying an additional 78,673 shares during the last quarter. 60.55% of the stock is owned by institutional investors.

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About 3D Systems

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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