Credit Suisse Group Trims 3D Systems (NYSE:DDD) Target Price to $6.00

Posted by on Aug 14th, 2023

3D Systems (NYSE:DDD – Free Report) had its price target reduced by Credit Suisse Group from $7.00 to $6.00 in a report issued on Thursday, Benzinga reports. They currently have an underperform rating on the 3D printing company’s stock.

Separately, StockNews.com started coverage on shares of 3D Systems in a research report on Thursday, May 18th. They set a sell rating for the company.

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3D Systems Stock Down 0.7 %

Shares of DDD opened at $7.06 on Thursday. 3D Systems has a one year low of $6.97 and a one year high of $12.67. The company has a market cap of $942.37 million, a P/E ratio of -7.43 and a beta of 1.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.10 and a quick ratio of 4.30. The firm has a 50 day simple moving average of $9.28 and a two-hundred day simple moving average of $9.62.

Insider Transactions at 3D Systems

In other news, Director Malissia Clinton sold 8,685 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $8.58, for a total transaction of $74,517.30. Following the completion of the transaction, the director now directly owns 62,785 shares in the company, valued at $538,695.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new stake in shares of 3D Systems in the first quarter worth $30,000. Capital Analysts LLC bought a new stake in 3D Systems during the first quarter valued at $25,000. Ameritas Advisory Services LLC bought a new position in shares of 3D Systems during the 1st quarter worth about $30,000. Rockefeller Capital Management L.P. boosted its position in shares of 3D Systems by 40.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,474 shares of the 3D printing company’s stock worth $25,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Clear Street Markets LLC bought a new position in shares of 3D Systems during the 4th quarter worth about $50,000. 68.61% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Company Profile

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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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