Shares of 3D Systems Corporation (NYSE:DDD) are trading up $0.35 or 3.7% in the pre-market this morning without any major news. The jump is price seems to be more technical than fundamental, as investors may see the stock as being oversold. The stock is down close to 85% since July and is currently trading at a market cap of $1.06 billion. Many traders are looking for a possible buyout of the company as their current valuation may be tempting to some of the larger players within the space such as a Hewlett Package. Even some of the other large tech companies considering entering the 3D printing space could have interest.
The stock closed at $9.45 during the last trading session. It is down 57.06% since May 14, 2015 and is downtrending. It has underperformed the S&P500 by 53.39%.
From a total of 6 analysts covering 3D Systems Corporation (NYSE:DDD) stock, 1 rate it a “Buy”, 1 a “Sell”, and 4 a “Hold”. This means that 17% of the ratings are positive. The highest target price is $22 while the lowest target price is $10. The mean of all analyst targets is $13.20 which is 39.68% above today’s ($9.45) stock price. 3D Systems Corporation was the topic of 12 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Needham maintained shares on November 5 with a “Buy” rating. Stifel Nicolaus maintained DDD stock in a recent report from August 7 with a “Hold” rating. Finally, UBS maintained the stock with a “Sell” rating in a report they issued on a July 31.
The institutional sentiment increased to 1.1 in Q2 2015. It’s up 0.02, from 1.08 in 2015Q2. The ratio improved, as 48 funds sold all their 3D Systems Corporation shares they owned while 63 reduced their positions. 40 funds bought stakes while 82 increased their total positions. Institutions now own 65.81 million shares which is 14.52% more than the previous share count of 57.46 million in 2015Q2.
Investment Management Of Virginia Llc holds 4.97% of its total portfolio in 3D Systems Corporation, equating to 1.63 million shares. Clark Estates Inc Ny owns 1.43 million shares representing 2.83% of their total US portfolio. Moreover, Wall Street Access Asset Management Llc has 2.8% of their total portfolio invested in the company, equating to 365,259 shares. The Louisiana-based Villere St Denis J & Co Llc has a total of 2.43% of their portfolio invested in the stock. Bluefin Trading Llc, a New York-based fund reported 1.14 million shares owned.
Since September 10, 2015, the stock had 0 insider purchases, and 1 insider sale for a total of $106,716 in net activity. Johnson Andrew Martin sold 8,000 shares worth $106,716.
3D Systems Corporation is a holding company. The company has a market cap of $1.06 billion. The Firm is a well-known provider of three-dimensional printing centric solutions. It currently has negative earnings. It provides 3D design-to-manufacturing solutions, including 3D printers, print materials and cloud sourced custom parts.