Here we are in the first few weeks of 2016, and shares of 3D Systems Corporation (NYSE:DDD) are trading near all time lows. While it’s been two years since the stock peaked at over $96 a share, it’s been a steady decline ever since.
After losing their CEO, cutting back on the consumer market and shedding billions upon billions of dollars in market capital, 3D Systems Corporation (NYSE:DDD) may finally be trading at or near a bottom. With earnings growth expected over the next several years, and with analysts predicting an EPS of $0.48 per share next year, there is not much left to lose from an investor’s standpoint. The company undoubtedly needs to report a solid quarter come February 24th, showing that they are not losing boatloads of cash. If this is the case, there is no reason the stock should not rebound at least a little. The company already has to be on the radar of other tech firms who may be interested in the 3D printing space. With a patent portfolio like they have, and their experience and product lines, 3D Systems Corporation (NYSE:DDD) is certainly becoming a solid acquisition target, especially when one considers their $782 million market cap.
The stock is down 0.43% or $0.03 following the news, hitting $6.98 per share. Approximately 122,353 shares traded hands. DDD shares have declined 67.12% since June 12, 2015 and are currently downtrending. It has underperformed the S&P500 by 58.25%.
From a total of 9 analysts covering 3D Systems Corporation (NYSE:DDD) stock, 2 rate it a “Buy”, 1 a “Sell”, and 6 a “Hold”. This means that 22% of the ratings are positive. The highest target price is $22 while the lowest target price is $9. The mean of all analyst targets is $11.86 which is 69.91% above today’s ($6.98) stock price. 3D Systems Corporation was the topic of 16 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on January 15 with a “Hold” rating. Piper Jaffray upgraded shares to a”Neutral” rating and a $14 target share price in their report from an August 7. Stephens upgraded DDD stock in a recent report from December 17 to a “Overweight” rating. Finally, Stifel Nicolaus maintained the stock with a “Hold” rating in a report they issued on an August 7.
The institutional sentiment increased to 1.1 in Q2 2015. It’s up 0.02, from 1.08 in 2015Q2. The ratio is positive, 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 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 $782.86 million. 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.