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

3D Systems Co. (NYSE:DDD) was the target of unusually large options trading on Thursday. Stock investors acquired 2,487 call options on the stock. This represents an increase of 54% compared to the typical daily volume of 1,611 call options.

Wall Street Analysts Forecast Growth

DDD has been the topic of a number of recent analyst reports. Loop Capital decreased their price objective on 3D Systems from $4.50 to $2.00 and set a “hold” rating on the stock in a report on Thursday, September 5th. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Thursday. Lake Street Capital cut their target price 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. Finally, Cantor Fitzgerald cut their target price on 3D Systems from $5.50 to $3.75 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.25.

3D Systems Stock Performance

NYSE DDD opened at $3.97 on Friday. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. 3D Systems has a 52-week low of $1.72 and a 52-week high of $6.85. The business’s 50-day moving average price is $3.14 and its 200 day moving average price is $3.08. The firm has a market cap of $537.73 million, a P/E ratio of -1.00 and a beta of 1.64.

Hedge Funds Weigh In On 3D Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in DDD. Point72 DIFC Ltd purchased a new stake in 3D Systems in the 3rd quarter valued at approximately $25,000. Murchinson Ltd. acquired a new stake in shares of 3D Systems during the 3rd quarter valued at approximately $28,000. HighTower Advisors LLC acquired a new stake in shares of 3D Systems during the 3rd quarter valued at approximately $31,000. Inspire Investing LLC acquired a new stake in shares of 3D Systems during the 2nd quarter valued at approximately $35,000. Finally, Ballentine Partners LLC acquired a new stake in shares of 3D Systems during the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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.