Zacks Investment Research lowered shares of 3D Systems (NYSE:DDD) from a hold rating to a sell rating in a research report report published on Thursday.

According to Zacks, “3D Systems has an extremely volatile earnings history, oscillating between incredible beats and abysmal misses in the trailing four quarters. The company has been benefiting from favorable 3D printing industry fundamentals, led by rising demand for diverse application of this novel technology across several domains. However, unfavorable macroeconomic factors such as slowdown, inflation, currency fluctuations and commodity prices impacted the company’s performance. Moreover, 3D System operates in a highly dynamic and competitive market which adds to its risks. This apart, escalating R&D, IT and go-to-market expense may prove as significant headwinds, going forward. Also, the company’s products, applications and channels involve a range of gross profit margins that are vulnerable to quarterly fluctuations depending upon the mix of product shipments, which frequently proves to be a drag on key financials.”

A number of other brokerages have also recently issued reports on DDD. Stifel Nicolaus reiterated a hold rating and set a $15.00 target price on shares of 3D Systems in a research report on Wednesday, October 4th. Jefferies Group restated a hold rating and issued a $17.00 price objective on shares of 3D Systems in a research report on Tuesday, October 3rd. KeyCorp restated a hold rating on shares of 3D Systems in a research report on Friday, October 6th. ValuEngine cut shares of 3D Systems from a hold rating to a sell rating in a research report on Thursday, September 28th. Finally, Citigroup lowered 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 report on Thursday, November 2nd. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $12.58.

Shares of 3D Systems (NYSE DDD) traded up $0.89 during trading on Thursday, hitting $11.19. 6,214,300 shares of the company were exchanged, compared to its average volume of 2,800,000. The firm has a market cap of $1,270.00, a PE ratio of -24.33 and a beta of 1.47. 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 has a 1-year low of $7.92 and a 1-year high of $23.70.

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

In related news, Director G Walter Loewenbaum II acquired 40,500 shares of the stock in a transaction on Monday, December 4th. The stock was purchased at an average price of $8.94 per share, for a total transaction of $362,070.00. Following the transaction, the director now owns 1,053,707 shares of the company’s stock, valued at approximately $9,420,140.58. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders acquired a total of 47,930 shares of company stock valued at $428,048 in the last 90 days. Corporate insiders own 5.00% of the company’s stock.

Several large investors have recently modified their holdings of DDD. Schwab Charles Investment Management Inc. grew its position in shares of 3D Systems by 3.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 473,255 shares of the 3D printing company’s stock worth $8,850,000 after buying an additional 13,894 shares during the period. Legal & General Group Plc grew its position in shares of 3D Systems by 19.7% during the 2nd quarter. Legal & General Group Plc now owns 86,621 shares of the 3D printing company’s stock worth $1,626,000 after buying an additional 14,238 shares during the period. Comerica Bank grew its position in shares of 3D Systems by 1.5% during the 2nd quarter. Comerica Bank now owns 84,012 shares of the 3D printing company’s stock worth $1,495,000 after buying an additional 1,211 shares during the period. Prudential Financial Inc. grew its position in shares of 3D Systems by 2.2% during the 2nd quarter. Prudential Financial Inc. now owns 72,872 shares of the 3D printing company’s stock worth $1,363,000 after buying an additional 1,550 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of 3D Systems by 4.7% during the 2nd quarter. Principal Financial Group Inc. now owns 457,167 shares of the 3D printing company’s stock worth $8,549,000 after buying an additional 20,452 shares during the period. Institutional investors own 60.34% of the company’s stock.

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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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