3D Systems Corporation (DDD) A Key Lever For Analyst Rankings

0
3D Systems Corporation (DDD) A Key Lever For Analyst Rankings

Over the last few months 3D printing companies, especially 3D Systems Corporation (NYSE:DDD), have experienced a rise in interest from the public as well as financial investors. However, recent data reveals negative trends in the 3D printing industry, with 9% of accounts receivable now past due over 90 days in tandem with a weak operating cash flow in 4Q13. Merrill Lynch analyst Wamsi Mohan is maintaining his SELL rating and lowering his price target from $65 to $60. Wamsi noted that, “the company’s latest 10-K filing shows the 3-D printer mix gravitating lower, with ASP printers seeing higher sales volume.”

Wamsi has had success recommending 3D Systems Corporation (DDD) in the past, so in this week’s Flashback Friday, let’s take a look at how Wamsi’s recommendations about 3D Systems Corporation (NYSE:DDD) performed as 3-D printing finds a place for itself in the market.

 

David Einhorn At The 2021 Sohn Investment Conference: Buy These Copper Plays

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasThere's a gold rush coming as electric vehicle manufacturers fight for market share, proclaimed David Einhorn at this year's 2021 Sohn Investment Conference. Check out our coverage of the 2021 Sohn Investment Conference here. Q1 2021 hedge fund letters, conferences and more SORRY! This content is exclusively for paying members. SIGN UP HERE If you Read More


And at the end of February, Wamsi recommended SELL 3D Systems Corporation (NYSE:DDD), already seeing a positive return. Wamsi downgraded DDD from BUY to SELL noting, “topline growth coming at the expense of margin.” He added, “increased investments are seen as efforts to catch-up to competitors rather than growth drivers,” and he is skeptical of 3D Systems differentiation. Wamsi has already earned +18.0% over S&P-500.

Because 3-D printing is a relatively new medium, 3D Systems Corporation (NYSE:DDD) is adapting to demand and the growing culture surrounding the medium. Wamsi is also exploring this new company and so far has a 66% success rate recommending DDD, with only one loss from November 2013.

While 3D Systems Corporation (NYSE:DDD) continues to fluctuate as it settles into the market, continue following Wamsi  to see how his recommendations fare. Be sure to download TipRanks today and start making informed decisions with advice you can trust.

No posts to display