3D Systems (DDD) Given a $16.00 Price Target at Susquehanna Bancshares

Susquehanna Bancshares set a $16.00 price objective on 3D Systems (NYSE:DDD) in a research note issued to investors on Friday, August 10th. The brokerage currently has a hold rating on the 3D printing company’s stock.

DDD has been the topic of a number of other research reports. Zacks Investment Research raised 3D Systems from a sell rating to a hold rating in a research report on Tuesday, July 3rd. ValuEngine raised 3D Systems from a sell rating to a hold rating in a research report on Wednesday, May 2nd. JPMorgan Chase & Co. set a $9.00 price target on 3D Systems and gave the stock a sell rating in a research report on Thursday, May 3rd. Loop Capital boosted their price target on 3D Systems to $17.00 and gave the stock a hold rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Finally, B. Riley boosted their price target on 3D Systems from $7.00 to $9.00 and gave the stock a sell rating in a research report on Wednesday, August 8th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $13.49.

NYSE DDD traded down $0.18 during trading on Friday, reaching $19.04. 2,302,513 shares of the company’s stock were exchanged, compared to its average volume of 2,813,860. The company has a market cap of $2.27 billion, a PE ratio of -33.40 and a beta of 1.26. The company has a quick ratio of 1.44, a current ratio of 1.95 and a debt-to-equity ratio of 0.01. 3D Systems has a fifty-two week low of $7.92 and a fifty-two week high of $20.00.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Tuesday, August 7th. The 3D printing company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.12. The firm had revenue of $176.57 million for the quarter, compared to the consensus estimate of $165.83 million. 3D Systems had a negative return on equity of 9.22% and a negative net margin of 11.54%. research analysts anticipate that 3D Systems will post -0.15 EPS for the current fiscal year.

In related news, Director G Walter Loewenbaum II purchased 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The stock was acquired at an average cost of $12.06 per share, for a total transaction of $54,270.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Martin Johnson sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $19.01, for a total value of $95,050.00. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. bought a new stake in shares of 3D Systems in the first quarter valued at approximately $117,000. Oppenheimer & Co. Inc. bought a new stake in shares of 3D Systems in the first quarter valued at approximately $120,000. Private Advisor Group LLC bought a new stake in shares of 3D Systems in the first quarter valued at approximately $147,000. Xact Kapitalforvaltning AB bought a new stake in shares of 3D Systems in the fourth quarter valued at approximately $116,000. Finally, CIBC Asset Management Inc bought a new stake in shares of 3D Systems in the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 66.07% of the company’s stock.

3D Systems Company Profile

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

Further Reading: Closed-End Mutual Funds (CEFs)

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'Frozen'-themed prosthetic given to Stillwater girl thanks to 3D printer, Siena students

karissa mitchell frozen prosthetic

LOUDONVILLE, N.Y. (NEWS10) – Siena students used a 3D printer to create a prosthetic arm for a 9-year-old girl themed after her favorite movie.

When the Disney blockbuster “Frozen” hit theaters, merchandise flew off the shelves. But a little girl in Stillwater didn’t want a backpack or a shirt. She wanted an arm.

Karissa Mitchell was born without a right hand, but on Wednesday she got the next best thing – a “Frozen”-themed prosthetic. When the Siena College students who created it fastened it on, Karissa, summed it up in just one word: “Awesome.”

The new arm will take some getting used to, but Karissa is not giving up.

“It feels like I have a real hand,” she said.

Receiving the arm was a moment her parents, Maria and Michael Mitchell, have been waiting for. Her ear-to-ear smile made the yearlong effort worth it.

“For her to be excited about it is just an amazing feeling,” Siena senior Alyx Gleason said.

Gleason is part of the group called Enabling the Future. It’s a worldwide network of volunteers who use 3D printing to give a helping hand free of charge.

“They are helping kids who otherwise might not get something like this,” Maria said. “It’s heartwarming to know that college kids are doing this.”

Karissa’s parents beamed at their daughter when she received her new arm. But Karissa knows it’s okay to be different.

“Because it would be a lot boring if everybody was like everybody,” she said.

Be yourself – that’s the message you’ll find in Karissa’s favorite movie, “Frozen.”

“Just because you may be a little different you can do what you want to do as long as you just have a goal and do it,” Maria said. “She’s going to be something.”

The prosthetic arm included about 30 pieces and took about 30 hours to print. The students said they’ll continue working with Karissa and her family and will be making her a new one whenever she needs it.