3D Systems Corporation (NYSE:DDD) EVP Charles W. Hull, in a transaction dated Monday, June 16th, sold 7,500 shares of the company in the open market at an average price of $50.41. The transaction amounted to $378,075.00. After the sale, Hull directly owns 136,500 shares in the company worth around $6,880,965, according to a filing with the Securities & Exchange Commission (SEC).
Mixed verdict from analysts
A number of research houses have recently come out with their verdict on 3D Systems Corporation (NYSE:DDD). In a research note on Wednesday, June 11th, the analyst at Deutsche Bank reiterated his Buy rating on shares of 3D Systems, but lowered the price target from $115 to $80.00. On the other hand, analysts at Citigroup downgraded shares from Buy rating to Hold in research note on Wednesday June 11th, and now they have a price target of $50. Finally, analyst at Gabelli also downgraded shares of the tech firm from Buy to Hold with a target price of $50.
At research firm RBC Capital, analysts assigned the stock an Outperform rating in their research note on June 11, 2014, but slashed the target price to $64 from $78. Analysts at Brean Capital have lowered their price target on the stock from $84 to $75 in a research note on June 6, 2014, but maintain their rating of Buy.
Presently, 3D Systems Corporation (NYSE:DDD) has a consensus rating of Hold and an average price target of $69.16.
More details on 3D Systems
In its most recent earnings report, 3D Systems Corporation (NYSE:DDD) matched the consensus estimate of 15 cents, but that was less than the EPS posted in the same quarter the prior year. Revenues for the company came in at $147.76 million for the quarter, compared to estimates of $145.5 million.
Recently, 3D Systems Corporation (NYSE:DDD) management raised the revenue guidance for 2014. The company now expects the revenue to be in range of $695 million to $735 million from the previous range of $680 million to $720 million.
3D Systems has been witnessing a rising short interest since the beginning of fiscal 2014, reaching 33 million shares as of May 15, then it showed a continuous decline of more than 5% in last two weeks of May, resulting in a final total of 31.5 million short shares. Presently, a little more than 30% of shares are sold short.
The company put in a 52 week low of $41.05, and a 52 week high of $97.28, and has a market cap of $5.495 billion. The stock’s 50-day moving average is $49.84, and its 200-day moving average is $66.44 and its price to earnings ratio is 121.15.