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

3D Systems Corporation (NYSE:DDD - Get Free Report) was the target of unusually large options trading on Friday. Stock traders acquired 3,355 call options on the company. This represents an increase of 175% compared to the typical volume of 1,219 call options.

Wall Street Analyst Weigh In

DDD has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research report on Wednesday, May 14th. Wall Street Zen raised shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a report on Wednesday, June 11th. Finally, Cantor Fitzgerald decreased their price target on 3D Systems from $5.75 to $5.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, 3D Systems presently has a consensus rating of "Hold" and an average price target of $3.67.

Hedge Funds Weigh In On 3D Systems

Institutional investors have recently modified their holdings of the business. CWM LLC grew its position in 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 purchasing an additional 10,814 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of 3D Systems by 5,139.4% during the first 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 purchased a new position in shares of 3D Systems during the first quarter worth about $29,000. State of Wyoming purchased a new stake in 3D Systems during the 1st quarter valued at approximately $34,000. Finally, Cibc World Markets Corp acquired a new stake in 3D Systems during the 4th quarter worth approximately $39,000. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Stock Up 4.3%

NYSE DDD traded up $0.07 during trading on Friday, reaching $1.57. 1,055,948 shares of the company's stock were exchanged, compared to its average volume of 3,187,464. The company has a 50 day moving average price of $1.76 and a two-hundred day moving average price of $2.71. The stock has a market cap of $213.49 million, a P/E ratio of -0.75 and a beta of 1.89. 3D Systems has a 1 year low of $1.32 and a 1 year high of $5.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.96 and a current ratio of 2.79.

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.

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