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

3D Systems Corporation (NYSE:DDD) was the target of unusually large options trading on Monday. Stock traders acquired 24,008 call options on the stock. This represents an increase of 597% compared to the average daily volume of 3,444 call options.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Zacks Research upgraded 3D Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Wall Street Zen upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research 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 given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, 3D Systems currently has a consensus rating of “Hold” and a consensus target price of $5.00.

3D Systems Stock Performance

Shares of 3D Systems stock opened at $3.38 on Wednesday. The firm has a market cap of $432.85 million, a P/E ratio of -2.58 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. 3D Systems has a 12 month low of $1.32 and a 12 month high of $5.00. The stock’s fifty day moving average price is $2.58 and its 200-day moving average price is $2.06.

Hedge Funds Weigh In On 3D Systems

Several institutional investors have recently made changes to their positions in DDD. CWM LLC increased its stake 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 valued at $26,000 after buying an additional 10,814 shares during the period. Prudential Financial Inc. increased its stake in shares of 3D Systems by 74.8% during the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after buying an additional 7,887 shares during the period. NewEdge Advisors LLC increased 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 valued at $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 valued at $29,000. Finally, State of Wyoming purchased a new position in 3D Systems in the first quarter valued at about $34,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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.