3D Systems Gets a Hold Rating from Canaccord Genuity

By Ryan Adsit

In a report released yesterday, Robert Burleson from Canaccord Genuity reiterated a Hold rating on 3D Systems (NYSE: DDD), with a price target of $15. The company’s shares closed yesterday at $22.57, close to its 52-week high of $23.70.

According to TipRanks.com, Burleson is a 5-star analyst with an average return of 11.1% and a 54.5% success rate. Burleson covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Integrated Device Tech, and Mitel Networks Corp.

3D Systems has an analyst consensus of Hold, with a price target consensus of $16.13.

Based on 3D Systems’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $156 million and GAAP net loss of $9.97 million. In comparison, last year the company earned revenue of $153 million and had a GAAP net loss of $17.79 million.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Andrew Martin Johnson, the Interim Pres. & CEO, CLO & Sec of DDD sold 4,000 shares for a total of $58,800.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

3D Systems Corp. is a holding company, which engages in the provision of three dimensional printing centric designs. It offers 3D printers, Quickparts solutions, 3D authoring tools and scanners, Bespoke Modeling, and TeamPlatform. It operates its business in America, Germany and Asia Pacific. The company was founded by Charles W. Hull in 1986 and is headquartered in Rock Hill, SC.