Short Interest in 3D Systems Co. (NYSE:DDD) Rises By 7.9%

3D Systems Co. (NYSE:DDDGet Rating) was the recipient of a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 10,950,000 shares, a growth of 7.9% from the December 15th total of 10,150,000 shares. Based on an average daily volume of 1,330,000 shares, the short-interest ratio is currently 8.2 days.

3D Systems Stock Up 4.7 %

Shares of DDD opened at $9.45 on Monday. The business’s 50 day moving average is $8.85 and its 200 day moving average is $9.42. The company has a current ratio of 5.68, a quick ratio of 4.85 and a debt-to-equity ratio of 0.61. 3D Systems has a 12-month low of $7.02 and a 12-month high of $20.51. The company has a market capitalization of $1.24 billion, a PE ratio of -11.52 and a beta of 1.62.

3D Systems (NYSE:DDDGet Rating) last released its earnings results on Tuesday, November 8th. The 3D printing company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.01). The company had revenue of $132.25 million during the quarter, compared to analysts’ expectations of $137.39 million. 3D Systems had a negative return on equity of 8.73% and a negative net margin of 18.58%. Research analysts expect that 3D Systems will post -0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com raised 3D Systems to a “sell” rating in a report on Tuesday, December 13th. TheStreet lowered shares of 3D Systems from a “c-” rating to a “d” rating in a report on Tuesday, November 8th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.50.

Insider Activity

In other 3D Systems news, EVP Andrew Martin Johnson sold 7,787 shares of 3D Systems stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $9.39, for a total value of $73,119.93. Following the completion of the sale, the executive vice president now owns 178,434 shares of the company’s stock, valued at approximately $1,675,495.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other 3D Systems news, EVP Andrew Martin Johnson sold 7,787 shares of the firm’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $9.39, for a total value of $73,119.93. Following the transaction, the executive vice president now directly owns 178,434 shares of the company’s stock, valued at $1,675,495.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Graves purchased 10,000 shares of 3D Systems stock in a transaction dated Monday, November 28th. The shares were acquired at an average cost of $9.50 per share, with a total value of $95,000.00. Following the transaction, the chief executive officer now directly owns 569,181 shares in the company, valued at $5,407,219.50. The disclosure for this purchase can be found here. 3.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its position in shares of 3D Systems by 1,431.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 1,622,431 shares of the 3D printing company’s stock valued at $12,006,000 after acquiring an additional 1,516,474 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in 3D Systems during the fourth quarter valued at $160,000. Allworth Financial LP grew its stake in shares of 3D Systems by 10,285.3% in the 4th quarter. Allworth Financial LP now owns 28,975 shares of the 3D printing company’s stock worth $2,183,000 after buying an additional 28,696 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of 3D Systems by 1.3% in the 4th quarter. State of Alaska Department of Revenue now owns 91,332 shares of the 3D printing company’s stock worth $675,000 after buying an additional 1,135 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of 3D Systems by 5.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,193,347 shares of the 3D printing company’s stock valued at $9,523,000 after buying an additional 65,254 shares in the last quarter. Hedge funds and other institutional investors own 67.32% of the company’s stock.

3D Systems Company Profile

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3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, 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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