The Vanguard Group, Inc. has recently announced that it has increased stake in 3D Systems Corp. (NYSE:DDD) by 0.38%. After grabbing 13.73 million shares, the institutional investor is now in possession of 52384.0 shares of the Technology Company. The new investment brought the stake of investor firm to 10.29% having worth around $73.3 million. Moreover, SSgA Funds Management, Inc. increased its share by 74876.0 to have a control over 5.84 million shares. And Geode Capital Management LLC raised its holdings to 97906.0 shares by acquiring 2.65 million shares or 1.99% of the stake.
3D Systems Corp. (DDD) concluded trading on 12/21/23 at a closing price of $6.27, with 1.64 million shares of worth about $10.3 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -29.79% during that period and on Thursday the price saw a gain of about 4.67%. Currently the company’s common shares owned by public are about 131.21M shares, out of which, 129.53M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the DDD stock and their offered price forecasts bring an average price target of $4.90. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $6.00 and could fall to a lowest price of $4.00. The stock’s current price level is -27.96% below of average price target set by the analysts, while a dip to estimated low would result in loss of -56.75% for the stock. However, touching the estimated high of $6.00 would mean a loss of -4.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 45 times over the past 12 months. They bought 1,178,265 shares in 20 of the transactions. In 25 selling transactions, insiders dumped 436,987 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in 3D Systems Corp. iShares Core S&P Small Cap ETF is currently holding 8.97 million shares of worth totaling $47.89 million. The company recently came buying 4974.0 shares which brought its stake up to 6.72% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 0.16 million shares, after which its hold over company’s outstanding shares expand to 3.01%, leaving 4.01 million shares with the mutual fund that have a worth of about $21.43 million. Vanguard Small Cap Index Fund, after buying 3.26 million shares, have now control over 2.44% of the stake in the company. It holds 1584.0 shares of worth $17.4 million.
3D Systems Corp. (NYSE: DDD) started trading at $5.91, below -$0.08 from concluding price of the previous day. However, the stock later moved at a day high price of 6.32, or with a gain of 4.67%. Stock saw a price change of -5.00% in past 5 days and over the past one month there was a price change of 35.13%. Year-to-date (YTD), DDD shares are showing a performance of -15.27% which decreased to -15.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.50 but also hit the highest price of $12.67 during that period. The average intraday trading volume for 3D Systems Corp. shares is 2.36 million. The stock is currently trading 8.73% above its 20-day simple moving average (SMA20), while that difference is up 29.78% for SMA50 and it goes to -14.90% lower than SMA200.
The Vanguard Group, Inc. acquired 13.73 million shares of 3D Systems Corp. having value of about $73.3 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 52384.0 shares in the company valued at close to $328447.68, or have control over 0.38% stake in the company. 3D Systems Corp. (NYSE: DDD) currently have 131.21M outstanding shares and institutions hold larger chunk of about 65.24% of that. Holding of mutual funds in the company is about 23.69% while other institutional holders and individual stake holders have control over 43.17% and 11.03% of the stake respectively.
The stock has a current market capitalization of $836.61M and its 3Y-monthly beta is at 1.84. It has posted earnings per share of -$0.74 in the same period. It has Quick Ratio of 4.25 while making debt-to-equity ratio of 0.76. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DDD, volatility over the week remained 5.61% while standing at 6.26% over the month.
Analysts are in expectations that 3D Systems Corp. (DDD) stock would likely to be making an EPS of -$0.01 in the current quarter, while forecast for next quarter EPS is -$0.03 and it is $0.05 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 31.83% while it is estimated to increase by 133.68% in next year. EPS is likely to grow at an annualized rate of 30.00% for next 5-years, compared to annual growth of -10.21% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the 3D Systems Corp. (DDD)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.67. Out of those 6 Wall Street analysts, 1 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on August 17, 2022 offering an Underperform rating for the stock and assigned a target price of $8 to it.
