Deerfield Management Company LP Series C Acquires New Shares in 3D Systems Co. (NYSE:DDD)

Deerfield Management Company LP Series C purchased a new position in 3D Systems Co . (NYSE:DDD – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,127 shares of the 3D printing company’s stock, valued at approximately $77,000.

Several other hedge funds have recently bought and sold shares of DDD. Inspire Investing LLC bought a new stake in shares of 3D Systems in the second quarter valued at about $35,000. Foundations Investment Advisors LLC bought a new stake in 3D Systems in the second quarter valued at approximately $37,000. Mizuho Securities Co. Ltd. purchased a new position in 3D Systems in the second quarter valued at approximately $38,000. Impact Partnership Wealth LLC bought a new position in shares of 3D Systems in the second quarter valued at about $43,000. Finally, AE Wealth Management LLC purchased a new stake in shares of 3D Systems in the second quarter valued at $47,000. 64.49% of shares are owned by institutional investors and hedge funds.

Changes in Analyst Ratings

A number of research analysts recently issued reports on the stock. Lake Street Capital cut their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Cantor Fitzgerald cut their price target on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research report on Friday, August 30th. StockNews.com lowered 3D Systems from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Finally, Loop Capital cut their price target on 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, 3D Systems currently has a consensus rating of “Hold” and an average price target of $3.25.

Get the latest report on DDD

3D Systems stock performance

NYSE:DDD opened at $2.89 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.42, and a current ratio of 3.46. The company’s 50-day moving average is $2.67 and its 200-day moving average is $3.37. 3D Systems Co. it has a 52-week low of $1.72 and a 52-week high of $6.85. The company has a market cap of $386.02 million, a price-to-earnings ratio of -1.02 and a beta of 1.65.

3D Systems (NYSE:DDD – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 29th. The 3D printing company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.11). 3D Systems had a negative net margin of 78.14% and a negative return on equity of 15.29%. The firm had revenue of $113.25 million for the quarter, compared to the consensus estimate of $125.15 million. Equities research analysts anticipate that 3D Systems Co. will post -0.67 earnings per share for the current year.

3D Systems Company Profile

(Free Report)

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, Middle East, Africa, Asia Pacific and internationally. The company offers 3D printer technologies such as stereolithography, selective laser sintering, direct metal printing, multijet printing, color jet printing, polymer extrusion, and SLA-based extrusion and bioprinting that transform software-generated digital input data 3D design, computer-aided design. (CAD) or other 3D design tools into printed parts.

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