Stocks: 3D Systems Corp. (DDD) Stock Rating Upgrade by the Vetr Inc.

3D Systems Corp. (NYSE:DDD) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $16.47 target price on the 3D printing company’s stock. Vetr‘s price target indicates a potential upside of 15.99% from the stock’s current price.

Several other equities research analysts have also weighed in on DDD. Jefferies Group reaffirmed a “hold” rating and issued a $15.00 target price on shares of 3D Systems Corp. in a research report on Tuesday, September 13th. Pacific Crest reaffirmed a “hold” rating on shares of 3D Systems Corp. in a research report on Tuesday, September 13th. Canaccord Genuity reaffirmed a “hold” rating and issued a $14.00 target price on shares of 3D Systems Corp. in a research report on Tuesday, September 13th. Bank of America Corp. set a $25.00 target price on 3D Systems Corp. and gave the stock a “buy” rating in a research report on Tuesday, September 13th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems Corp. in a report on Tuesday, September 13th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $16.04.

Shares of 3D Systems Corp. (NYSE:DDD) opened at 14.20 on Wednesday. The company has a 50 day moving average of $14.45 and a 200 day moving average of $14.64. 3D Systems Corp. has a 52-week low of $6.00 and a 52-week high of $19.76. The stock’s market capitalization is $1.60 billion.

3D Systems Corp. (NYSE:DDD) last issued its earnings results on Thursday, November 3rd. The 3D printing company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.05. 3D Systems Corp. had a positive return on equity of 4.14% and a negative net margin of 98.40%. The firm had revenue of $156.36 million for the quarter, compared to analyst estimates of $160.16 million. During the same period last year, the company earned $0.01 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts predict that 3D Systems Corp. will post $0.43 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. State of Wisconsin Investment Board raised its stake in shares of 3D Systems Corp. by 22.2% in the third quarter. State of Wisconsin Investment Board now owns 165,000 shares of the 3D printing company’s stock worth $2,962,000 after buying an additional 30,000 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in 3D Systems Corp. during the second quarter worth $543,000. Cortina Asset Management LLC increased its stake in 3D Systems Corp. by 82.6% in the second quarter. Cortina Asset Management LLC now owns 114,274 shares of the 3D printing company’s stock worth $1,564,000 after buying an additional 51,685 shares during the period. Nationwide Fund Advisors increased its stake in 3D Systems Corp. by 42.8% in the second quarter. Nationwide Fund Advisors now owns 250,691 shares of the 3D printing company’s stock worth $3,432,000 after buying an additional 75,163 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in 3D Systems Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 14,771 shares of the 3D printing company’s stock worth $202,000 after buying an additional 1,805 shares during the period. Hedge funds and other institutional investors own 48.62% of the company’s stock.

About 3D Systems Corp.

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.

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