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

3D Systems Co. (NYSE:DDD) was the target of unusually large options trading activity on Thursday. Stock traders bought 2,487 call options on the company. This is an increase of approximately 54% compared to the typical volume of 1,611 call options.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd bought a new stake in 3D Systems during the third quarter worth about $25,000. Murchinson Ltd. purchased a new stake in shares of 3D Systems in the third quarter worth $28,000. HighTower Advisors LLC bought a new position in shares of 3D Systems during the third quarter valued at $31,000. Inspire Investing LLC purchased a new position in shares of 3D Systems in the 2nd quarter worth about $35,000. Finally, Foundations Investment Advisors LLC bought a new position in 3D Systems in the 2nd quarter worth about $37,000. 64.49% of the stock is currently owned by institutional investors.

3D Systems Stock Up 21.4 %

Shares of NYSE:DDD opened at $4.09 on Friday. The company has a market cap of $554.69 million, a PE ratio of -1.03 and a beta of 1.64. 3D Systems has a 1 year low of $1.72 and a 1 year high of $6.85. The stock’s 50-day moving average is $3.12 and its 200 day moving average is $3.08. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34.

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.