3D Systems Corporation EVP Sells 7,500 Shares At $50.41

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.

Q2 Hedge Funds Portable Database Now LIVE!!! Letters, Conferences, Slides And More [UPDATED 7/13 14:48 EST]

Q2 Hedge Funds Resource PageSimply click the menu below to perform sorting functions. This page was just created on 7/1/2020 we will be updating it on a very frequent basis over the next three months (usually at LEAST daily), please come back or bookmark the page. As always we REALLY really appreciate legal letters and tips on hedge funds Read More


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.