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

3D Systems Corporation (NYSE:DDD) was the target of some unusual options trading activity on Friday. Traders bought 3,355 call options on the stock. This is an increase of approximately 175% compared to the average daily volume of 1,219 call options.

Wall Street Analyst Weigh In

DDD has been the subject of several recent research reports. Cantor Fitzgerald lowered their price objective on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Wednesday, May 14th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of 3D Systems in a research note on Friday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, 3D Systems presently has an average rating of “Hold” and an average target price of $3.67.

3D Systems Stock Up 1.7%

Shares of 3D Systems stock opened at $1.53 on Friday. 3D Systems has a 52-week low of $1.32 and a 52-week high of $5.00. The company has a 50 day moving average of $1.76 and a 200 day moving average of $2.70. The company has a quick ratio of 1.96, a current ratio of 2.79 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $208.03 million, a P/E ratio of -0.73 and a beta of 1.89.

Hedge Funds Weigh In On 3D Systems

A number of institutional investors have recently modified their holdings of the business. Nuveen LLC acquired a new position in 3D Systems in the 1st quarter valued at $3,528,000. Icon Advisers Inc. Co. purchased a new stake in shares of 3D Systems in the 4th quarter worth about $5,248,000. Penn Capital Management Company LLC purchased a new stake in shares of 3D Systems in the 4th quarter worth about $5,214,000. Two Sigma Advisers LP boosted its position in shares of 3D Systems by 553.9% in the 4th quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock worth $4,712,000 after buying an additional 1,216,900 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of 3D Systems by 172.2% in the 4th quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock worth $4,894,000 after buying an additional 944,010 shares in the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

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.