Fintel reports that on August 10, 2023, Credit Suisse maintained coverage of 3D Systems (NYSE:DDD) with a Underperform recommendation.
Analyst Price Forecast Suggests 31.98% Upside
As of August 2, 2023, the average one-year price target for 3D Systems is 9.38. The forecasts range from a low of 7.07 to a high of $12.60. The average price target represents an increase of 31.98% from its latest reported closing price of 7.11.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for 3D Systems is 569MM, an increase of 10.67%. The projected annual non-GAAP EPS is -0.15.
What is the Fund Sentiment?
There are 461 funds or institutions reporting positions in 3D Systems. This is a decrease of 13 owner(s) or 2.74% in the last quarter. Average portfolio weight of all funds dedicated to DDD is 0.09%, a decrease of 47.59%. Total shares owned by institutions increased in the last three months by 1.19% to 106,012K shares. 
The put/call ratio of DDD is 1.14, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 9,540K shares representing 7.15% ownership of the company. In it's prior filing, the firm reported owning 9,728K shares, representing a decrease of 1.97%. The firm increased its portfolio allocation in DDD by 38.03% over the last quarter.
Invesco holds 5,420K shares representing 4.06% ownership of the company. In it's prior filing, the firm reported owning 5,390K shares, representing an increase of 0.55%. The firm increased its portfolio allocation in DDD by 38.73% over the last quarter.
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) - Invesco Oppenheimer Global Opportunities Fund Class R5 holds 5,000K shares representing 3.75% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,852K shares representing 2.89% ownership of the company. In it's prior filing, the firm reported owning 3,733K shares, representing an increase of 3.09%. The firm increased its portfolio allocation in DDD by 38.04% over the last quarter.
ARK Investment Management holds 3,766K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 3,627K shares, representing an increase of 3.69%. The firm decreased its portfolio allocation in DDD by 7.35% over the last quarter.
3D Systems Background Information
(This description is provided by the company.)
More than 30 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading Additive Manufacturing solutions partner, it brings innovation, performance, and reliability to every interaction - empowering its customers to create products and business models never before possible. Thanks to its unique offering of hardware, software, materials and services, each application-specific solution is powered by the expertise of its application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems' solutions address a variety of advanced applications in Healthcare and Industrial markets such as Medical and Dental, Aerospace & Defense, Automotive and Durable Goods.
This story originally appeared on Fintel.
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