Charles W. Hull Sells 115,971 Shares of 3D Systems Co. (NYSE:DDD) Stock

3D Systems Co. (NYSE:DDD) EVP Charles W. Hull sold 115,971 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total value of $447,648.06. Following the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

3D Systems Stock Down 0.8 %

3D Systems stock opened at $3.55 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31. The stock has a market cap of $481.45 million, a PE ratio of -0.89 and a beta of 1.64. 3D Systems Co. has a fifty-two week low of $1.72 and a fifty-two week high of $6.85. The firm’s 50-day simple moving average is $3.20 and its 200 day simple moving average is $3.09.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Lake Street Capital cut their price target on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Cantor Fitzgerald lowered their price objective on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.25.

Hedge Funds Weigh In On 3D Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in 3D Systems by 85.1% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after acquiring an additional 403,175 shares during the period. ARK Investment Management LLC raised its stake in shares of 3D Systems by 6.4% during the 2nd quarter. ARK Investment Management LLC now owns 3,079,471 shares of the 3D printing company’s stock worth $9,454,000 after purchasing an additional 185,347 shares during the period. Mizuho Securities Co. Ltd. purchased a new position in shares of 3D Systems in the 2nd quarter worth about $38,000. Wealth Effects LLC grew its position in 3D Systems by 54.0% during the second quarter. Wealth Effects LLC now owns 227,900 shares of the 3D printing company’s stock valued at $700,000 after buying an additional 79,870 shares during the period. Finally, Foundations Investment Advisors LLC purchased a new stake in 3D Systems during the second quarter worth about $37,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Company Profile

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.