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

3D Systems Corporation (NYSE:DDD) was the target of unusually large options trading on Wednesday. Stock traders acquired 7,640 call options on the stock. Thisisanincreaseof294% compared to the typical volume of 1,937 call options.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DDD shares. Zacks Research raised 3D Systems to a “hold” rating in a research note on Tuesday, August 12th. Wall Street Zen raised 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research note on Thursday, August 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of 3D Systems in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $3.67.

3D Systems Price Performance

Shares of NYSE:DDD opened at $2.57 on Thursday. The company has a current ratio of 2.76, a quick ratio of 1.82 and a debt-to-equity ratio of 0.51. 3D Systems has a 1 year low of $1.32 and a 1 year high of $5.00. The business has a fifty day simple moving average of $1.79 and a 200 day simple moving average of $2.19. The firm has a market cap of $328.96 million, a price-to-earnings ratio of -1.96 and a beta of 1.92.

Institutional Trading of 3D Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC raised its holdings in shares of 3D Systems by 703.1% during the first quarter. CWM LLC now owns 12,352 shares of the 3D printing company’s stock worth $26,000 after acquiring an additional 10,814 shares in the last quarter. NewEdge Advisors LLC raised its holdings 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 acquiring an additional 12,900 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of 3D Systems during the fourth quarter worth $44,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of 3D Systems during the first quarter worth $29,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in 3D Systems during the fourth quarter valued at about $52,000. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

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.