The stock of 3D Systems Corporation (NYSE:DDD) is a huge mover today! The stock decreased 7.64% or $1.03 on November 4, hitting $12.45. About 5.93M shares traded hands or 97.67% up from the average. 3D Systems Corporation (NYSE:DDD) has declined 14.79% since April 4, 2016 and is downtrending. It has underperformed by 15.88% the S&P500.
The move comes after 6 months negative chart setup for the $1.36B company. It was reported on Nov, 4 by Barchart.com. We have $11.58 PT which if reached, will make NYSE:DDD worth $95.20M less.
3D Systems Corporation (NYSE:DDD) Ratings Coverage
Out of 14 analysts covering 3D Systems Corporation (NYSE:DDD), 3 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 21% are positive. 3D Systems Corporation has been the topic of 32 analyst reports since July 22, 2015 according to StockzIntelligence Inc. FBR Capital initiated the shares of DDD in a report on Tuesday, May 24 with “Market Perform” rating. The firm earned “Equal Weight” rating on Monday, August 10 by Pacific Crest. The rating was maintained by Needham with “Buy” on Thursday, November 5. The stock of 3D Systems Corporation (NYSE:DDD) earned “Hold” rating by Jefferies on Monday, January 25. As per Tuesday, April 26, the company rating was downgraded by Needham. Piper Jaffray upgraded the shares of DDD in a report on Friday, August 7 to “Neutral” rating. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, August 7 report. The firm has “Hold” rating by Gabelli given on Tuesday, March 15. The stock has “Overweight” rating given by Stephens on Thursday, December 17. UBS maintained 3D Systems Corporation (NYSE:DDD) rating on Friday, July 31. UBS has “Sell” rating and $10 price target.
According to Zacks Investment Research, “3D Systems Corp. is a leading provider of 3-D Modeling, Rapid Prototyping and Manufacturing solutions. Its systems and materials reduce the time and cost of designing products and facilitate direct and indirect manufacturing by creating actual parts directly from digital input. These solutions are used for design communication and prototyping well as for production of functional end-use parts: Transform your products.”
Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.23, from 1.16 in 2016Q1. The ratio fall, as 24 funds sold all 3D Systems Corporation shares owned while 73 reduced positions. 15 funds bought stakes while 75 increased positions. They now own 54.83 million shares or 2.27% more from 53.61 million shares in 2016Q1.
The California-based Wells Fargo And Communication Mn has invested 0% in 3D Systems Corporation (NYSE:DDD). Etrade Cap Mgmt Lc holds 0.08% or 111,905 shares in its portfolio. Jpmorgan Chase & Company has 94,012 shares for 0% of their US portfolio. Finemark National Bank & holds 0% or 100 shares in its portfolio. Ameritas Investment Prns Incorporated owns 25,192 shares or 0.02% of their US portfolio. Voya Llc owns 45,121 shares or 0% of their US portfolio. State Of Wisconsin Invest Board accumulated 135,000 shares or 0.01% of the stock. The Illinois-based Nuveen Asset Mgmt Limited Liability Corp has invested 0% in 3D Systems Corporation (NYSE:DDD). Blue Bell Private Wealth Management Ltd Limited Liability Company holds 150 shares or 0% of its portfolio. The New York-based Clark Estates Incorporated Ny has invested 3.87% in 3D Systems Corporation (NYSE:DDD). Management Of Virginia Ltd Liability Corp accumulated 5.9% or 1.68 million shares. Valley Advisers Inc holds 62 shares or 0% of its portfolio. Commonwealth Equity Inc owns 37,251 shares or 0% of their US portfolio. Teacher Retirement Sys Of Texas last reported 14,771 shares in the company. Moreover, Amalgamated Savings Bank has 0.01% invested in 3D Systems Corporation (NYSE:DDD) for 12,930 shares.
Insider Transactions: Since May 12, 2016, the stock had 1 insider purchase, and 0 sales for $241,500 net activity. The insider LOEWENBAUM G WALTER II bought 20,000 shares worth $241,500.
More notable recent 3D Systems Corporation (NYSE:DDD) news were published by: Fool.com which released: “Why 3D Systems Corporation Stock Popped Today” on November 03, 2016, also Nasdaq.com with their article: “Earnings Reaction History: 3D Systems Corporation, 66.7% Follow-Through …” published on November 03, 2016, Schaeffersresearch.com published: “Most Active Options: 3D Systems Corporation and J C Penney Company Inc” on November 03, 2016. More interesting news about 3D Systems Corporation (NYSE:DDD) were released by: Investorplace.com and their article: “3D Systems Corporation (DDD) Stock: Is the Carnage Over?” published on October 19, 2016 as well as Profitconfidential.com‘s news article titled: “3D Systems Corporation: Don’t Fear, the DDD Stock Bull is Still Here” with publication date: October 22, 2016.
DDD Company Profile
3D Systems Corporation, incorporated on May 14, 1993, is a holding company. The Firm provides three-dimensional (3D) services and products, including 3D printers, print materials, parts services and digital design and manufacturing tools. The Company’s ecosystem supports applications from the product design shop to the factory floor to the operating room. The Company’s precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices, as well as patient-specific surgical instruments. The Company’s clients can use 3D printing to design and manufacture parts. The Company’s clients include companies and small and midsize businesses in a range of industries, including automotive, aerospace, government, defense, technology, electronics, education, consumer goods, energy and healthcare.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.