Needham Remains a Hold on 3D Systems (DDD)
In a report released today, James Ricchiuti from Needham maintained a Hold rating on 3D Systems (DDD). The company’s shares closed last Tuesday at $31.64.
According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 26.6% and a 68.7% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Faro Technologies.
3D Systems has an analyst consensus of Hold, with a price target consensus of $24.80.
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Based on 3D Systems’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $135 million and GAAP net loss of $72.89 million. In comparison, last year the company earned revenue of $155 million and had a GAAP net loss of $16.84 million.
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3D Systems Corp. is a holding company, which engages in the provision of comprehensive three dimensional printing solutions. It includes three dimensional printers, materials, software, on demand manufacturing services, and digital design tools. The company was founded by Charles W. Hull in 1986 and is headquartered in Rock Hill, SC.
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