Traders Purchase High Volume of 3D Systems Call Options (NYSE:DDD)

Key Points

• 3D Systems (NYSE:DDD) experienced a significant surge in call options trading, with 24,008 call options bought, reflecting a 597% increase from the average volume.
• The company's stock rose 17.2% to $3.64, with over 5 million shares traded, substantially above its average trading volume.
• Analyst ratings for 3D Systems vary, with Zacks upgrading the stock to "strong-buy", while Weiss Ratings maintains a "sell (d-)" rating, indicating mixed sentiments among analysts.

3D Systems Corporation (NYSE:DDD - Get Free Report) was the target of some unusual options trading on Monday. Traders bought 24,008 call options on the stock. This represents an increase of approximately 597% compared to the average volume of 3,444 call options.

3D Systems Trading Up 17.2%

Shares of NYSE:DDD traded up $0.53 on Monday, reaching $3.64. 5,134,679 shares of the company traded hands, compared to its average volume of 3,758,293. The business's 50-day simple moving average is $2.52 and its 200 day simple moving average is $2.04. 3D Systems has a 52 week low of $1.32 and a 52 week high of $5.00. The stock has a market capitalization of $467.34 million, a P/E ratio of -2.77 and a beta of 2.11. The company has a current ratio of 2.76, a quick ratio of 1.82 and a debt-to-equity ratio of 0.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Founders Financial Securities LLC bought a new position in shares of 3D Systems during the third quarter valued at about $50,000. Vontobel Holding Ltd. grew its stake in shares of 3D Systems by 73.4% in the third quarter. Vontobel Holding Ltd. now owns 60,250 shares of the 3D printing company's stock worth $175,000 after purchasing an additional 25,500 shares during the last quarter. Silverberg Bernstein Capital Management LLC grew its stake in shares of 3D Systems by 14.6% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 2,338,970 shares of the 3D printing company's stock worth $6,783,000 after purchasing an additional 298,310 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in shares of 3D Systems in the second quarter worth about $110,000. Finally, Brevan Howard Capital Management LP bought a new stake in shares of 3D Systems in the second quarter worth about $58,000. 64.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DDD shares. Zacks Research upgraded 3D Systems from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 15th. Wall Street Zen raised 3D Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of 3D Systems in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $5.00.

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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