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

3D Systems Co. (NYSE:DDD - Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock investors purchased 1,749 call options on the company. This represents an increase of approximately 14% compared to the typical volume of 1,531 call options.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a report on Saturday, May 10th. StockNews.com upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a research report on Wednesday. Finally, Cantor Fitzgerald decreased their target price on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, 3D Systems presently has an average rating of "Hold" and an average target price of $3.67.

3D Systems Trading Up 3.9%

NYSE:DDD traded up $0.07 on Friday, reaching $1.74. 3,348,552 shares of the stock traded hands, compared to its average volume of 2,865,403. The firm has a market capitalization of $235.17 million, a price-to-earnings ratio of -0.44 and a beta of 1.94. The company's 50 day moving average is $2.13 and its 200-day moving average is $3.02. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. 3D Systems has a 1-year low of $1.65 and a 1-year high of $5.00.

Institutional Trading of 3D Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of 3D Systems by 703.1% during the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company's stock worth $26,000 after buying an additional 10,814 shares during the period. NewEdge Advisors LLC grew its position in shares of 3D Systems by 5,139.4% during the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company's stock worth $28,000 after buying an additional 12,900 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of 3D Systems during the 1st quarter worth approximately $29,000. Blue Trust Inc. grew its position in shares of 3D Systems by 411.6% during the 4th quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock worth $33,000 after buying an additional 8,050 shares during the period. Finally, State of Wyoming acquired a new stake in shares of 3D Systems during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 64.49% of the company's stock.

About 3D Systems

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.