The stock of 3D Systems Corporation (NYSE:DDD) is a huge mover today! About 3.79M shares traded hands or 19.56% up from the average. 3D Systems Corporation (NYSE:DDD) has declined 20.90% since April 5, 2016 and is downtrending. It has underperformed by 22.86% the S&P500.
The move comes after 8 months positive chart setup for the $1.46 billion company. It was reported on Nov, 7 by Barchart.com. We have $19.86 PT which if reached, will make NYSE:DDD worth $700.80M more.
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. Deutsche Bank maintained 3D Systems Corporation (NYSE:DDD) on Tuesday, March 15 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Tuesday, March 15. The stock of 3D Systems Corporation (NYSE:DDD) earned “Underweight” rating by JP Morgan on Tuesday, March 15. The rating was downgraded by Gabelli on Tuesday, March 15 to “Hold”. The firm has “Neutral” rating given on Friday, August 7 by Piper Jaffray. On Monday, August 10 the stock rating was maintained by Pacific Crest with “Equal Weight”. The firm has “Sell” rating by UBS given on Tuesday, January 26. The stock has “Market Perform” rating given by FBR Capital on Tuesday, May 24. Goldman Sachs maintained 3D Systems Corporation (NYSE:DDD) rating on Tuesday, March 15. Goldman Sachs has “Neutral” rating and $10 price target. The firm has “Overweight” rating by Stephens given on Thursday, December 17.
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 2016 Q2. Its down 0.23, from 1.16 in 2016Q1. The ratio dropped, 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.
Bessemer accumulated 0% or 200 shares. Ubs Asset Mngmt Americas Incorporated last reported 64,328 shares in the company. Banque Pictet And Cie Sa owns 16,200 shares or 0.01% of their US portfolio. Quantitative Systematic Strategies Limited Liability Co holds 0.08% of its portfolio in 3D Systems Corporation (NYSE:DDD) for 12,667 shares. Ladenburg Thalmann Services has 0% invested in the company for 18,247 shares. Lpl Limited Liability has invested 0.01% of its portfolio in 3D Systems Corporation (NYSE:DDD). Focused Wealth holds 0% or 30 shares in its portfolio. Cambridge Invest Advsr Inc accumulated 0% or 14,758 shares. Wall Street Access Asset Management Lc reported 362,644 shares or 3.01% of all its holdings. Stephens Inc Ar accumulated 18,280 shares or 0.01% of the stock. Winfield Assoc Inc last reported 150 shares in the company. Mutual Of America Cap Mgmt Ltd Liability Co accumulated 0.02% or 81,571 shares. Rockefeller Svcs accumulated 167 shares or 0% of the stock. Cutter Co Brokerage has 13,530 shares for 0.08% of their US portfolio. Villere St Denis J And Ltd Liability last reported 4.61% of its portfolio in the stock.
Insider Transactions: Since May 12, 2016, the stock had 1 buy, and 0 selling transactions for $241,500 net activity. 20,000 shares with value of $241,500 were bought by LOEWENBAUM G WALTER II on Thursday, May 12.
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 Foxbusiness.com with their article: “3D Systems Takes a Step in the Right Direction” published on November 04, 2016, Investorplace.com published: “3D Systems Corporation (DDD) Stock: Is the Carnage Over?” on October 19, 2016. More interesting news about 3D Systems Corporation (NYSE:DDD) were released by: Profitconfidential.com and their article: “3D Systems Corporation: Don’t Fear, the DDD Stock Bull is Still Here” published on October 22, 2016 as well as Schaeffersresearch.com‘s news article titled: “Most Active Options: 3D Systems Corporation and J C Penney Company Inc” with publication date: November 03, 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.
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