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

3D Systems Corporation (NYSE:DDD) saw some unusual options trading on Tuesday. Stock investors purchased 10,754 call options on the stock. This is an increase of 282% compared to the typical daily volume of 2,816 call options.

Hedge Funds Weigh In On 3D Systems

Several institutional investors and hedge funds have recently made changes to their positions in the company. J. Derek Lewis & Associates Inc. bought a new stake in 3D Systems in the 4th quarter valued at $27,000. Prudential Financial Inc. lifted its position in 3D Systems by 74.8% in the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after acquiring an additional 7,887 shares in the last quarter. NewEdge Advisors LLC lifted its position in 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after acquiring an additional 12,900 shares in the last quarter. CIBC Asset Management Inc bought a new stake in 3D Systems in the 4th quarter valued at $36,000. Finally, CIBC Bancorp USA Inc. bought a new stake in 3D Systems in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DDD. Weiss Ratings reaffirmed a “sell (d)” rating on shares of 3D Systems in a research report on Friday, March 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price target on shares of 3D Systems in a research report on Wednesday. Wall Street Zen raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Leerink Partners reaffirmed an “outperform” rating on shares of 3D Systems in a research report on Tuesday, March 10th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, 3D Systems currently has a consensus rating of “Hold” and a consensus target price of $5.00.

3D Systems Price Performance

DDD traded down $0.02 during midday trading on Thursday, reaching $3.18. 1,440,105 shares of the company’s stock were exchanged, compared to its average volume of 3,615,041. The firm has a market capitalization of $464.46 million, a price-to-earnings ratio of 12.72 and a beta of 2.58. The company has a quick ratio of 1.82, a current ratio of 2.76 and a debt-to-equity ratio of 0.37. 3D Systems has a one year low of $1.32 and a one year high of $3.80. The business has a 50-day simple moving average of $2.20 and a two-hundred day simple moving average of $2.20.

3D Systems (NYSE:DDD) last posted its earnings results on Monday, May 11th. The 3D printing company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08. 3D Systems had a net margin of 16.10% and a negative return on equity of 19.64%. The company had revenue of $95.50 million during the quarter, compared to analysts’ expectations of $92.39 million. As a group, research analysts predict that 3D Systems will post -0.47 EPS for the current year.

About 3D Systems

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.