Stock Traders Buy Large Volume of 3D Systems Call Options (NYSE:DDD)

Key Points

• 3D Systems saw an unusual spike in options trading, with a **294% increase** in call options, totaling **7,640** contracts on Wednesday.
• Recent analyst ratings have resulted in two upgrades to a "hold" status, with an average rating of **"hold"** and a price target of **$3.67**.
• Institutional investors have increased their stakes in 3D Systems, with a notable **74.8% rise** in holdings by Prudential Financial during the second quarter.

3D Systems Corporation (NYSE:DDD - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 7,640 call options on the stock. Thisrepresentsanincreaseof294% compared to the average daily volume of 1,937 call options.

Analyst Ratings Changes

DDD has been the topic of several analyst reports. Zacks Research upgraded 3D Systems to a "hold" rating in a research note on Tuesday, August 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a research note on Thursday, August 14th. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Finally, Wall Street Zen upgraded 3D Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, 3D Systems currently has an average rating of "Hold" and a consensus price target of $3.67.

Institutional Investors Weigh In On 3D Systems

Large investors have recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in 3D Systems by 15.7% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 16,779 shares of the 3D printing company's stock valued at $55,000 after acquiring an additional 2,279 shares during the period. Cetera Investment Advisers lifted its holdings in 3D Systems by 2.3% in the fourth quarter. Cetera Investment Advisers now owns 127,106 shares of the 3D printing company's stock valued at $417,000 after acquiring an additional 2,887 shares during the period. ProShare Advisors LLC lifted its holdings in 3D Systems by 15.5% in the second quarter. ProShare Advisors LLC now owns 54,426 shares of the 3D printing company's stock valued at $84,000 after acquiring an additional 7,300 shares during the period. Prudential Financial Inc. lifted its holdings in 3D Systems by 74.8% in the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company's stock valued at $28,000 after acquiring an additional 7,887 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in 3D Systems by 61.7% in the first quarter. Hsbc Holdings PLC now owns 23,966 shares of the 3D printing company's stock valued at $51,000 after acquiring an additional 9,145 shares during the period. Hedge funds and other institutional investors own 64.49% of the company's stock.

3D Systems Stock Performance

NYSE DDD traded up $0.37 during trading hours on Wednesday, reaching $2.52. The stock had a trading volume of 5,452,895 shares, compared to its average volume of 3,570,929. The stock has a fifty day moving average of $1.76 and a 200 day moving average of $2.19. The stock has a market cap of $322.93 million, a P/E ratio of -1.89 and a beta of 1.92. 3D Systems has a 52-week low of $1.32 and a 52-week high of $5.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.82 and a current ratio of 2.76.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.

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