3D Systems (NYSE:DDD) Coverage Initiated by Analysts at Cantor Fitzgerald

Analysts at Cantor Fitzgerald assumed coverage on shares of 3D Systems (NYSE:DDDGet Free Report) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm set an “overweight” rating and a $8.50 price target on the 3D printing company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 66.99% from the company’s previous close.

3D Systems Stock Up 2.8 %

DDD opened at $5.09 on Tuesday. 3D Systems has a fifty-two week low of $3.50 and a fifty-two week high of $11.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 4.25 and a current ratio of 5.36. The company has a fifty day moving average of $5.56 and a two-hundred day moving average of $5.40. The stock has a market capitalization of $679.16 million, a price-to-earnings ratio of -6.88 and a beta of 1.80.

Insider Buying and Selling at 3D Systems

In other news, Director Thomas W. Erickson acquired 50,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was bought at an average price of $5.30 per share, with a total value of $265,000.00. Following the completion of the acquisition, the director now owns 257,294 shares of the company’s stock, valued at $1,363,658.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.18% of the stock is owned by corporate insiders.

Institutional Trading of 3D Systems

Several institutional investors have recently modified their holdings of DDD. Renaissance Technologies LLC grew its position in shares of 3D Systems by 4,942.7% in the first quarter. Renaissance Technologies LLC now owns 1,152,250 shares of the 3D printing company’s stock valued at $19,220,000 after purchasing an additional 1,129,400 shares during the period. Dimensional Fund Advisors LP boosted its position in 3D Systems by 76.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,195,774 shares of the 3D printing company’s stock worth $23,536,000 after acquiring an additional 954,307 shares during the last quarter. Norges Bank acquired a new position in 3D Systems during the fourth quarter worth about $6,575,000. Federated Hermes Inc. boosted its position in 3D Systems by 123.0% during the first quarter. Federated Hermes Inc. now owns 1,604,186 shares of the 3D printing company’s stock worth $26,758,000 after acquiring an additional 884,823 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC acquired a new position in 3D Systems during the fourth quarter worth about $4,684,000. Institutional investors and hedge funds own 69.35% of the company’s stock.

3D Systems Company Profile

(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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