What’s Ahead for 3D Systems Corporation After Today’s Bullish Options Activity?


 What's Ahead for 3D Systems Corporation After Today's Bullish Options Activity?

In today’s session 3D Systems Corporation (DDD) registered an unusually high (867) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious DDD increase. With 867 contracts traded and 1754 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: DDD161021C00018500 closed last at: $0.5 or 16.3% up. The stock decreased 0.33% or $0.06 during the last trading session, hitting $17.87. About 1.77 million shares traded hands. 3D Systems Corporation (NYSE:DDD) has risen 58.67% since March 1, 2016 and is uptrending. It has outperformed by 49.43% the S&P500.

Analysts await 3D Systems Corporation (NYSE:DDD) to report earnings on November, 2. They expect $0.01 EPS, up 125.00% or $0.05 from last year’s $-0.04 per share. DDD’s profit will be $1.12M for 446.75 P/E if the $0.01 EPS becomes a reality. After $0.06 actual EPS reported by 3D Systems Corporation for the previous quarter, Wall Street now forecasts -83.33% negative EPS growth.

3D Systems Corporation (NYSE:DDD) Ratings Coverage

Out of 14 analysts covering 3D Systems Corporation (NYSE:DDD), 2 rate it a “Buy”, 4 “Sell”, while 8 “Hold”. This means 14% are positive. $22 is the highest target while $6 is the lowest. The $11.39 average target is -36.26% below today’s ($17.87) stock price. 3D Systems Corporation has been the topic of 31 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Monday, August 10 the stock rating was maintained by Jefferies with “Hold”. Needham downgraded the shares of DDD in a report on Tuesday, April 26 to “Hold” rating. On Tuesday, March 15 the stock rating was maintained by Goldman Sachs with “Neutral”. The company was maintained on Wednesday, December 30 by Needham. The firm earned “Buy” rating on Thursday, April 14 by Bank of America. The company was maintained on Thursday, August 4 by Jefferies. The firm has “Equal Weight” rating given on Monday, August 10 by Pacific Crest. On Monday, July 18 the stock rating was downgraded by Piper Jaffray to “Underweight”. The company was maintained on Thursday, November 5 by Needham. The company was maintained on Friday, July 31 by UBS.

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.23, from 1.16 in 2016Q1. The ratio dropped, as 24 funds sold all 3D Systems Corporation shares owned while 73 reduced positions. 15 funds bought stakes while 75 increased positions. They now own 54.83 million shares or 2.27% more from 53.61 million shares in 2016Q1.
Federated Invsts Incorporated Pa has 27,907 shares for 0% of their US portfolio. Morgan Stanley holds 1.40M shares or 0.01% of its portfolio. Allsquare Wealth Limited Liability Com has 0% invested in the company for 300 shares. Quantitative Inv Management has 67,500 shares for 0.04% of their US portfolio. Manufacturers Life Ins Company The has 213,337 shares for 0% of their US portfolio. Rockefeller Fincl Serv owns 167 shares or 0% of their US portfolio. Hartford Financial Inc, a Connecticut-based fund reported 4,650 shares. Concourse Limited Liability has invested 0.6% of its portfolio in 3D Systems Corporation (NYSE:DDD). Independent Portfolio Consultants reported 105 shares or 0% of all its holdings. Sg Americas Secs Limited Co accumulated 0.03% or 336,497 shares. Invsts Capital Advisory accumulated 11,939 shares or 0.03% of the stock. Prudential Fincl holds 0% of its portfolio in 3D Systems Corporation (NYSE:DDD) for 68,862 shares. Valley National Advisers Inc holds 0% or 62 shares in its portfolio. Pub Employees Retirement Association Of Colorado reported 24,486 shares or 0% of all its holdings. Atlantic Tru Gp Limited Liability Company reported 46,903 shares or 0% of all its holdings.

Insider Transactions: Since May 12, 2016, the stock had 1 insider buy, and 0 insider sales for $241,500 net activity. Shares for $241,500 were bought by LOEWENBAUM G WALTER II.

3D Systems Corporation is a holding company. The company has a market cap of $2.00 billion. The Firm provides three-dimensional services and products, including 3D printers, print materials, parts services and digital design and manufacturing tools. It currently has negative earnings. The Company’s ecosystem supports applications from the product design shop to the factory floor to the operating room.

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