Trade: 3D Systems Corp. (DDD) Rating Increased to Buy at the Gabelli

3D Systems Corp. (NYSE:DDD) was upgraded by stock analysts at Gabelli from a “hold” rating to a “buy” rating in a report issued on Friday, The Fly reports.

Several other equities analysts also recently commented on the company. Zacks Investment Research upgraded 3D Systems Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray Cos. restated an “underweight” rating and set a $10.50 target price on shares of 3D Systems Corp. in a research report on Saturday, October 15th. Vetr upgraded 3D Systems Corp. from a “buy” rating to a “strong-buy” rating and set a $20.54 target price on the stock in a research report on Thursday, October 6th. FBR & Co began coverage on 3D Systems Corp. in a research report on Monday, October 3rd. They set a “market perform” rating and a $18.00 target price on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of 3D Systems Corp. in a research report on Tuesday, September 13th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.23.

3D Systems Corp. (NYSE:DDD) opened at 13.48 on Friday. 3D Systems Corp. has a 1-year low of $6.00 and a 1-year high of $19.76. The company’s market cap is $1.51 billion. The firm’s 50-day moving average price is $15.68 and its 200-day moving average price is $14.67.

3D Systems Corp. (NYSE:DDD) last posted its quarterly earnings data on Thursday, November 3rd. The 3D printing company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. 3D Systems Corp. had a positive return on equity of 1.55% and a negative net margin of 100.84%. The business had revenue of $156.36 million for the quarter, compared to the consensus estimate of $160.16 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. 3D Systems Corp.’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts forecast that 3D Systems Corp. will post $0.39 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in DDD. Aperio Group LLC boosted its position in shares of 3D Systems Corp. by 4.1% in the first quarter. Aperio Group LLC now owns 19,331 shares of the 3D printing company’s stock worth $299,000 after buying an additional 763 shares during the period. TIAA CREF Investment Management LLC boosted its stake in 3D Systems Corp. by 7.4% in the first quarter. TIAA CREF Investment Management LLC now owns 324,558 shares of the 3D printing company’s stock valued at $5,021,000 after buying an additional 22,394 shares during the last quarter. Teachers Advisors Inc. boosted its stake in 3D Systems Corp. by 3.6% in the first quarter. Teachers Advisors Inc. now owns 94,295 shares of the 3D printing company’s stock valued at $1,459,000 after buying an additional 3,300 shares during the last quarter. BlackRock Inc. boosted its stake in 3D Systems Corp. by 10.8% in the first quarter. BlackRock Inc. now owns 48,648 shares of the 3D printing company’s stock valued at $753,000 after buying an additional 4,730 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in 3D Systems Corp. by 26.6% in the first quarter. BlackRock Group LTD now owns 65,784 shares of the 3D printing company’s stock valued at $1,017,000 after buying an additional 13,842 shares during the last quarter. 50.12% of the stock is currently owned by hedge funds and other institutional investors.

About 3D Systems Corp.

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.

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