3D Systems Corporation (NYSE:DDD) Share Price May Be About to Change Direction; Stephens Upgrades The Company.


3D Systems Corporation (NYSE:DDD) Stock Upgrade

In a comprehensive report sent to clients and investors on 17 December, Stephens hiked shares of 3D Systems Corporation (NYSE:DDD) to a solid Overweight rating from their previous Equal-weight rating.

From a total of 14 analysts covering 3D Systems Corporation (NYSE:DDD) stock, 3 rate it a ”Buy”, 3 a “Sell”, and 15 a ”Hold”. This means that 14% of the ratings are positive. The highest target price is $26.3 while the lowest target price is $9. The mean of all analyst targets is $12.95 with a 32.40% above today’s ($9.97) 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 “Buy” rating. Stifel Nicolaus maintained DDD stock in a recent report from August 7 with “Hold” rating. Finally, UBS maintained the stock with “Sell” rating in a report issued on a July 31.

Approximately 2.64 million shares of stock traded hands. 3D Systems Corporation (NYSE:DDD) has declined 57.06% since May 14, 2015 and is downtrending. It has underperformed by 54.80% the S&P500.

The overall sentiment of institutions has increased to 1.1 in Q2 2015. Its up 0.02, from 1.08 in 2015Q2. The ratio is positive, as 48 institutions have sold all the shares of 3D Systems Corporation that they owned while 63 funds have taken shares off the table. 40 funds have purchased shares for the first time while 82 added to their positions. These institutions now hold 65.81 million shares or 14.52% more than the 57.46 million shares they owned in 2015Q2.

The Fund Investment Management Of Virginia Llc currently is holding shares equating to 4.97% of its total portfolio in 3D Systems Corporation representing a total of 1.63 million shares. Another fund,Clark Estates Inc Ny, is holding a total of 1.43 million shares equating to 2.83% of their holdings. Additionally, Wall Street Access Asset Management Llc has a 365,259 share stake in 3D Systems Corporation which represents 2.8% of their total portfolio. The Fund, Villere St Denis J & Co Llc, based out of Louisiana, has also built up a stake in the stock, which represents a total of 2.43% of their total portfolio. Finally Bluefin Trading Llc, a fund which is based in the state of New York reported a total holdings of 1.14 million shares.

Insider activity is a very important aspect to track on any stock. Going back to September 10, 2015, shareholders of 3D Systems Corporation have witnessed 0 insider buys, and a total of 1 sale equating to a net activity of approximately $106,716 . Johnson Andrew Martin sold 8,000 shares worth approximately $106,716.

3D Systems Corporation is a holding company. The company has a market cap of $1.07 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.

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.”