3D Systems Target of Unusually Large Options Trading (NYSE:DDD)

3D Systems Co. (NYSE:DDD - Get Free Report) saw unusually large options trading on Tuesday. Stock investors purchased 1,749 call options on the stock. This is an increase of approximately 14% compared to the typical daily volume of 1,531 call options.

Institutional Investors Weigh In On 3D Systems

A number of institutional investors have recently added to or reduced their stakes in the business. ARK Investment Management LLC boosted its holdings in 3D Systems by 13.8% in the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company's stock valued at $14,478,000 after purchasing an additional 535,287 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of 3D Systems by 2.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,203,001 shares of the 3D printing company's stock worth $10,506,000 after acquiring an additional 68,530 shares in the last quarter. Nuveen LLC purchased a new stake in shares of 3D Systems during the 1st quarter worth approximately $3,528,000. Icon Advisers Inc. Co. purchased a new stake in shares of 3D Systems during the 4th quarter worth approximately $5,248,000. Finally, Penn Capital Management Company LLC purchased a new stake in shares of 3D Systems during the 4th quarter worth approximately $5,214,000. Hedge funds and other institutional investors own 64.49% of the company's stock.

3D Systems Stock Performance

DDD traded up $0.07 during trading on Friday, reaching $1.74. The company's stock had a trading volume of 3,348,552 shares, compared to its average volume of 2,870,662. 3D Systems has a 52-week low of $1.65 and a 52-week high of $5.00. The company's fifty day moving average price is $2.13 and its 200-day moving average price is $3.02. The company has a market capitalization of $236.68 million, a price-to-earnings ratio of -0.44 and a beta of 1.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Analyst Ratings Changes

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

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.