Economy

The Legal & General Group Plc Boosts Stake in 3D Systems Corp. (DDD)

Analysts were expecting an impressive quarter from the 3D-printing company, but they were disappointed to find out that the company posted a Non-GAAP loss of 20 cents per share. LLC now owns 5,589,086 shares of the 3D printing company's stock valued at $76,514,000 after buying an additional 1,959,863 shares during the last quarter.

In the past three-month period, there have been 1 open market buys by insiders for 3D Systems Corporation (DDD) and 3 sells - amounting to a total of 4 insider trades during that timeframe. Vanguard Group Inc. raised its stake in shares of 3D Systems Corp.by 5.2% in the second quarter. The company's revenue was down 2.2% on a year-over-year basis. However, -11.73% over the last one month, -30.80% for the last quarter and year to date performance stands at -11.06%.

It is trading at $12.38 a tad under the 50 day moving average which is $12.88 and which is significantly lower than the 200 day moving average of $16.29.

At 3D Systems Corporation, the percentage of institutional ownership is now at 58.73% percent of its total shares outstanding, with the total value of institutional ownership at $771321044 billion. The firm's market cap is $1.35 billion.

Several equities analysts have issued reports on DDD shares.

Investment analysts have issued ratings on the stock of late. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems Corp.in a report on Thursday, August 4th. BidaskClub lowered 3D Systems Corporation from a "sell" rating to a "strong sell" rating in a research note on Monday, July 31st.

There is plenty of insight we can gain about how a company is doing financially by looking at the selling and buying activity of insiders, which are directors and senior officers of a business - or any entity or person that holds more than ten percent of that company's voting shares. 3D Systems Corporation presently has an average rating of "Hold" and an average target price of $16.12. The mean target price as estimated by the analysts for the company has been recorded at $15.40. The shares were bought at an average cost of $12.96 per share, for a total transaction of $199,584.00. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of USA and global copyright & trademark legislation. The correct version of this piece can be read at https://stocknewstimes.com/2017/10/31/3d-systems-corporation-ddd-posts-earnings-results-misses-expectations-by-0-35-eps.html.

3D Systems Corporation, launched on May 14, 1993, is a holding company.

The most recent insider trade was by a Director named LOEWENBAUM G WALTER II, and it was an indirect of 5100 shares - leaving the insider with 0 shares after the transaction. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.



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