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

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

3D Systems Stock Performance

NYSE DDD opened at $3.97 on Friday. The stock has a 50-day simple moving average of $3.14 and a two-hundred day simple moving average of $3.08. The firm has a market capitalization of $537.73 million, a P/E ratio of -1.00 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 company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On 3D Systems

Several institutional investors and hedge funds have recently modified their holdings of DDD. ARK Investment Management LLC increased 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 in the last quarter. Walleye Capital LLC increased its stake in shares of 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. increased its stake in shares of 3D Systems by 85.1% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,987 shares of the 3D printing company’s stock valued at $2,692,000 after purchasing an additional 403,175 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of 3D Systems in the 3rd quarter valued at about $1,143,000. Finally, XTX Topco Ltd increased its stake in shares of 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 valued at $1,022,000 after purchasing an additional 341,308 shares in the last quarter. Hedge funds and other institutional investors own 64.49% of the company’s stock.

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.