Cantor Fitzgerald Cuts 3D Systems (NYSE:DDD) Price Target to $3.75 (2024)

3D Systems (NYSE:DDD - Free Report) had its price target reduced by Cantor Fitzgerald from $5.50 to $3.75 in a report released on Friday morning, Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the 3D printing company's stock.

Separately, Needham & Company LLC reiterated a hold rating on shares of 3D Systems in a research note on Wednesday, June 5th.

Check Out Our Latest Stock Report on DDD

3D Systems Stock Performance

NYSE:DDD traded down $0.20 during mid-day trading on Friday, hitting $2.14. The stock had a trading volume of 6,992,179 shares, compared to its average volume of 1,864,352. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.47 and a current ratio of 3.47. 3D Systems has a twelve month low of $2.07 and a twelve month high of $6.85. The company's 50 day simple moving average is $3.11 and its 200 day simple moving average is $3.74. The stock has a market cap of $285.17 million, a price-to-earnings ratio of -0.75 and a beta of 1.72.

3D Systems (NYSE:DDD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The 3D printing company reported ($0.23) earnings per share for the quarter. 3D Systems had a negative net margin of 76.00% and a negative return on equity of 12.20%. The business had revenue of $102.91 million during the quarter. On average, equities research analysts forecast that 3D Systems will post -0.27 earnings per share for the current year.

Institutional Investors Weigh In On 3D Systems

Several hedge funds have recently modified their holdings of DDD. Russell Investments Group Ltd. boosted its stake in shares of 3D Systems by 5,994.9% during the fourth quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company's stock valued at $30,000 after purchasing an additional 4,676 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in 3D Systems by 471.7% during the 4th quarter. Quadrant Capital Group LLC now owns 4,837 shares of the 3D printing company's stock worth $31,000 after acquiring an additional 3,991 shares during the last quarter. Inspire Investing LLC acquired a new position in 3D Systems in the 2nd quarter valued at approximately $35,000. Foundations Investment Advisors LLC acquired a new position in 3D Systems in the 2nd quarter valued at approximately $37,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of 3D Systems during the second quarter worth $38,000. Institutional investors and hedge funds own 64.49% of the company's stock.

About 3D Systems

(Get Free Report)

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.

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