Stocks: The 3D Systems Corp. (DDD) Upgrade to “Buy” at the Gabelli

3D Systems Corp. (NYSE:DDD) was upgraded by equities researchers at Gabelli from a “hold” rating to a “buy” rating in a report issued on Friday. The firm currently has a $21.00 price target on the 3D printing company’s stock. Gabelli’s price objective suggests a potential upside of 68.67% from the stock’s current price.

Several other brokerages have also recently commented on DDD. Vetr cut shares of 3D Systems Corp. from a “sell” rating to a “strong sell” rating and set a $13.10 price objective for the company. in a research note on Monday, July 18th. Bank of America Corp. set a $25.00 price objective on shares of 3D Systems Corp. and gave the company a “buy” rating in a research note on Tuesday, September 13th. Piper Jaffray Cos. cut shares of 3D Systems Corp. from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $12.00 to $10.50 in a research note on Monday, July 18th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of 3D Systems Corp. in a research note on Wednesday, July 20th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $14.00 price objective on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.61.

3D Systems Corp. (NYSE:DDD) traded down 7.64% on Friday, reaching $12.45. 6,762,800 shares of the company’s stock traded hands. The company’s 50 day moving average is $15.58 and its 200-day moving average is $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 cap is $1.40 billion.

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3D Systems Corp. (NYSE:DDD) last posted its quarterly earnings results on Thursday, November 3rd. The 3D printing company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. 3D Systems Corp. had a negative net margin of 98.40% and a positive return on equity of 4.14%. The company had revenue of $156.36 million for the quarter, compared to analyst estimates of $160.16 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts expect that 3D Systems Corp. will post $0.40 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in 3D Systems Corp. by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 97,895 shares of the 3D printing company’s stock worth $1,758,000 after buying an additional 3,883 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in 3D Systems Corp. by 8.1% in the third quarter. UBS Asset Management Americas Inc. now owns 69,528 shares of the 3D printing company’s stock worth $1,248,000 after buying an additional 5,200 shares in the last quarter. CIBC World Markets Inc. purchased a new stake in 3D Systems Corp. during the third quarter worth approximately $3,504,000. State Treasurer State of Michigan raised its stake in 3D Systems Corp. by 0.5% in the third quarter. State Treasurer State of Michigan now owns 42,900 shares of the 3D printing company’s stock worth $770,000 after buying an additional 200 shares in the last quarter. Finally, Aperio Group LLC raised its stake in 3D Systems Corp. by 14.3% in the third quarter. Aperio Group LLC now owns 21,687 shares of the 3D printing company’s stock worth $389,000 after buying an additional 2,721 shares in the last quarter. Institutional investors own 50.12% of the company’s stock.

3D Systems Corp. Company Profile

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