3D Systems Corporation (DDD) CFO Sells 22,500 Shares At $49

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3D Systems Corporation (NYSE:DDD) CFO Damon Joseph Gregoire has offloaded  22,500 shares of the company on the open market, in a transaction dated Wednesday, May 7th. Gregoire sold shares at an average price of $49.00 for a total value of $1,102,500.00. After the sale, the executive still holds 301,500 shares of the company’s stock valued at approximately $14,773,500, according to a filing with the SEC.

3D Systems a Buy

Recently, number of analysts have assigned ratings to 3D Systems Corporation (NYSE:DDD). Citigroup analysts maintained their Buy rating on the stock, assigning it a price target of $60.00 in a research note published on Wednesday, April 30th. Zacks analysts raised their ratings on the stock from Underperform to Neutral. The researchers assigned a price target of $74.00 on the stock in a research note issued on Wednesday April 30th. 3D Systems currently has a consensus rating of Buy and an average target price of $71.79.

In its latest quarterly results, 3D Systems Corporation (NYSE:DDD) posted earnings per share of $0.15, which was in line with the analysts’ estimates. Revenue for the company came in at $147.76 million, just above the consensus estimate of $145.50 million. Earnings per share in the corresponding quarter of last year came in at $0.21 per share. Revenue for the quarter increased 44.8% compared to the same quarter last year. For the full fiscal year, analysts forecast the company to post EPS of $0.82.

Progress on project Ara

Recently, 3D Systems Corporation (NYSE:DDD) provided some insight into its Google Ara low-end smartphone project. Last year, the company collaborated with the Ara team to produce a high-speed printing platform for the phone, and now the company has offered a preview of its early progress. The printing machine expected to be launched in January 2015. 3D systems has not integrated a “reciprocating platform” in this device, which is common in many 3D printers. Instead, the company is making efforts to improve the continuous motion system for more productive print rates, which will be built around the racetrack architecture.

Additionally, the company is working with Carnegie Mellon University and X5 Systems on printing functional components like antennas. Updates last week revealed that modules will be printable in full spectrum CMYKWT color plus support, in both hard and soft composite materials.

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