3D Systems (NYSE:DDD) Shares Gap Up – What’s Next?

3D Systems Co. (NYSE:DDD)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $3.04, but opened at $3.39. 3D Systems shares last traded at $3.82, with a volume of 4,484,326 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DDD. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 3D Systems in a research note on Saturday, January 18th. Craig Hallum raised shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Finally, StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, 3D Systems currently has a consensus rating of “Hold” and a consensus target price of $3.25.

3D Systems Stock Up 26.4 %

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 firm has a 50-day moving average price of $3.27 and a 200-day moving average price of $3.05.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Tuesday, November 26th. The 3D printing company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. Equities analysts expect that 3D Systems Co. will post -0.73 earnings per share for the current fiscal year.

Insider Activity at 3D Systems

In other 3D Systems news, EVP Charles W. Hull sold 115,971 shares of the business’s stock in a transaction 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 sale, 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 filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of $3.85 per share, with a total value of $231,000.00. Following the purchase, the chief executive officer now directly 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 disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.

Institutional Trading of 3D Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd purchased a new position in 3D Systems in the 3rd quarter valued at approximately $25,000. Murchinson Ltd. purchased a new position in shares of 3D Systems in the third quarter valued at $28,000. Blue Trust Inc. raised its stake in shares of 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company’s stock valued at $33,000 after purchasing an additional 8,050 shares during the period. HighTower Advisors LLC purchased a new stake in 3D Systems during the 3rd quarter worth about $31,000. Finally, Ballentine Partners LLC bought a new position in 3D Systems in the 3rd quarter worth about $36,000. 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.