Investors Buy High Volume of 3D Systems Call Options (NYSE:DDD)

3D Systems Co. (NYSE:DDD) saw some unusual options trading on Thursday. Stock traders bought 2,487 call options on the company. This represents an increase of approximately 54% compared to the typical volume of 1,611 call options.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DDD. Point72 DIFC Ltd purchased a new position in 3D Systems during the third quarter valued at $25,000. Murchinson Ltd. bought a new stake in shares of 3D Systems in the 3rd quarter worth $28,000. HighTower Advisors LLC bought a new stake in shares of 3D Systems in the 3rd quarter worth $31,000. Inspire Investing LLC bought a new stake in shares of 3D Systems in the 2nd quarter worth $35,000. Finally, Ballentine Partners LLC bought a new stake in shares of 3D Systems in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DDD. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Loop Capital lowered their target price on 3D Systems from $4.50 to $2.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research note on Thursday. Cantor Fitzgerald lowered their target price on 3D Systems from $5.50 to $3.75 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, Lake Street Capital lowered their target price on 3D Systems from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $3.25.

3D Systems Stock Down 3.1 %

Shares of NYSE:DDD opened at $3.97 on Friday. The stock has a fifty day simple moving average of $3.14 and a two-hundred day simple moving average of $3.08. The stock has a market capitalization of $537.73 million, a price-to-earnings ratio of -1.00 and a beta of 1.64. 3D Systems has a 12-month low of $1.72 and a 12-month high of $6.85. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97.

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.