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

3D Systems Co. (NYSE:DDD) was the recipient of some unusual options trading on Thursday. Investors bought 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

Several equities analysts have recently commented on DDD shares. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research report on Thursday. 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 report on Thursday, September 5th. Lake Street Capital reduced their price objective 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. StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Finally, 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 research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $3.25.

3D Systems Price Performance

DDD opened at $3.97 on Friday. The stock’s 50 day simple moving average is $3.14 and its 200 day simple 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 has a 1 year low of $1.72 and a 1 year high of $6.85. The firm has a market cap of $537.73 million, a price-to-earnings ratio of -1.00 and a beta of 1.64.

Institutional Investors Weigh In On 3D Systems

Several institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its holdings in 3D Systems by 260.1% in the 3rd quarter. Barclays PLC now owns 207,379 shares of the 3D printing company’s stock worth $589,000 after buying an additional 149,793 shares during the period. Geode Capital Management LLC lifted its holdings in 3D Systems by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,007,031 shares of the 3D printing company’s stock worth $8,541,000 after buying an additional 38,431 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in 3D Systems in the 3rd quarter worth approximately $252,000. XTX Topco Ltd lifted its holdings in 3D Systems by 1,844.0% in the 3rd quarter. XTX Topco Ltd now owns 359,817 shares of the 3D printing company’s stock worth $1,022,000 after buying an additional 341,308 shares during the period. Finally, DF Dent & Co. Inc. purchased a new stake in 3D Systems in the 3rd quarter worth approximately $142,000. 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.