3D Systems Sees Unusually Large Options Volume (NYSE:DDD)

3D Systems Co. (NYSE:DDD) was the target of some unusual options trading activity on Thursday. Investors bought 2,487 call options on the stock. This represents an increase of 54% compared to the average daily volume of 1,611 call options.

3D Systems Stock Up 21.4 %

3D Systems stock opened at $4.09 on Friday. The company has a market capitalization of $554.69 million, a P/E ratio of -1.03 and a beta of 1.64. 3D Systems has a fifty-two week low of $1.72 and a fifty-two week high of $6.85. The stock has a 50-day simple moving average of $3.12 and a 200-day simple moving average of $3.08. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Hedge Funds Weigh In On 3D Systems

Hedge funds have recently modified their holdings of the business. ARK Investment Management LLC grew its stake in shares of 3D Systems by 26.0% in the 3rd quarter. ARK Investment Management LLC now owns 3,878,628 shares of the 3D printing company’s stock valued at $11,015,000 after purchasing an additional 799,157 shares during the last quarter. Walleye Capital LLC boosted its holdings in 3D Systems by 3,140.9% in the 3rd quarter. Walleye Capital LLC now owns 508,951 shares of the 3D printing company’s stock valued at $1,445,000 after purchasing an additional 525,688 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of 3D Systems by 85.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock worth $2,692,000 after buying an additional 403,175 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of 3D Systems in the 3rd quarter valued at approximately $1,143,000. Finally, XTX Topco Ltd boosted its position in shares of 3D Systems by 1,844.0% during the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock worth $1,022,000 after purchasing an additional 341,308 shares in the last quarter. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Lake Street Capital lowered their price target on shares of 3D Systems from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Cantor Fitzgerald reduced their price target on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a report on Friday, August 30th. StockNews.com raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a research report on Thursday. Finally, Loop Capital dropped their target price on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $3.25.

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.