Why Are 3D Systems Corporation (DDD) Shares Down Big Following Last Week’s Rally


While the 3D printing space has been beaten down over the last 18 months, last week seemed to be a week of hope for all those investors who have stuck with stocks like 3D Systems Corporation (NYSE:DDD). Last week alone shares of 3D Systems were up over 11% on strong volume after many investors and traders began to view the entire industry as being oversold.

Today, however, this uptrend seems to have been stopped in its tracks as shares of 3D Systems Corporation (NYSE:DDD) are trading down significantly as the general market trades higher. Perhaps traders are taking some of their gains from last week off of the table or invertors feel that shares may have gotten a bit ahead of themselves with last week’s rally. Another possibility is that those who are down big this year are selling off shares for tax losses before the end of the year. The stock is down 5.42% or $0.56 following the news, hitting $9.78 per share. Approximately 235,925 shares traded hands. DDD shares have declined 54.72% since May 18, 2015 and are currently downtrending. It has underperformed the S&P500 by 52.45%.

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 34.97% above today’s ($9.78) 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 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 $1.09 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.