Could 3D Systems Corporation Rise Even More? The Stock Had Bullish Options Activity

 Could 3D Systems Corporation Rise Even More? The Stock Had Bullish Options Activity

In today’s session 3D Systems Corporation (DDD) registered an unusually high (834) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious DDD increase. With 834 contracts traded and 9814 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: DDD161118C00015000 closed last at: $1.28 or 23.4% down. About 3.24 million shares traded hands or 14.08% up from the average. 3D Systems Corporation (NYSE:DDD) has declined 1.31% since March 14, 2016 and is downtrending. It has underperformed by 6.93% the S&P500.

Analysts await 3D Systems Corporation (NYSE:DDD) to report earnings on November, 2. They expect $0.01 earnings per share, up 125.00% or $0.05 from last year’s $-0.04 per share. DDD’s profit will be $1.08M for 359.00 P/E if the $0.01 EPS becomes a reality. After $0.06 actual earnings per share 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. 3D Systems Corporation has been the topic of 31 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was upgraded by Bank of America to “Buy” on Thursday, April 14. JP Morgan downgraded the stock to “Underweight” rating in Tuesday, March 15 report. The firm has “Hold” rating by Deutsche Bank given on Tuesday, March 15. The stock has “Sell” rating given by UBS on Friday, July 31. The rating was maintained by Needham with “Buy” on Sunday, August 9. The firm earned “Buy” rating on Wednesday, December 30 by Needham. The firm earned “Hold” rating on Monday, August 10 by Jefferies. The firm has “Hold” rating by Gabelli given on Tuesday, March 15. The company was initiated on Monday, October 3 by FBR Capital. The firm earned “Hold” rating on Monday, January 25 by Jefferies.

According to Zacks Investment Research, “3D Systems Corp. is a leading provider of 3-D Modeling, Rapid Prototyping and Manufacturing solutions. Its systems and materials reduce the time and cost of designing products and facilitate direct and indirect manufacturing by creating actual parts directly from digital input. These solutions are used for design communication and prototyping well as for production of functional end-use parts: Transform your products.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.23, from 1.16 in 2016Q1. The ratio is negative, 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.
Cortina Asset Mgmt Lc owns 114,274 shares or 0.07% of their US portfolio. Gemmer Asset Limited Liability Corp has 475 shares for 0% of their US portfolio. Cipher L P holds 14,372 shares or 0.01% of its portfolio. Private Advisor Group Ltd Liability Com owns 13,993 shares or 0.01% of their US portfolio. Nuveen Asset Mngmt Llc has 0% invested in the company for 48,766 shares. Moreover, Hsbc Pcl has 0.01% invested in 3D Systems Corporation (NYSE:DDD) for 384,250 shares. Evercore Wealth Mgmt Llc last reported 38 shares in the company. North Star Investment Management holds 0% or 20 shares in its portfolio. Moreover, Creative Planning has 0% invested in 3D Systems Corporation (NYSE:DDD) for 33,897 shares. Weatherly Asset Management Ltd Partnership, a California-based fund reported 1,438 shares. Mizuho Usa Inc last reported 0.3% of its portfolio in the stock. Northern Trust Corp holds 1.64M shares or 0.01% of its portfolio. Royal Bank & Trust Of Canada holds 255,196 shares or 0% of its portfolio. Villere St Denis J And Ltd Company, a Louisiana-based fund reported 5.59M shares. Metropolitan Life Insur Ny accumulated 0.02% or 174,344 shares.

Insider Transactions: Since May 12, 2016, the stock had 1 insider buy, and 0 insider sales for $241,500 net activity. $241,500 worth of 3D Systems Corporation (NYSE:DDD) was bought by LOEWENBAUM G WALTER II.

3D Systems Corporation is a holding company. The company has a market cap of $1.55 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.

DDD Company Profile

3D Systems Corporation, incorporated on May 14, 1993, is a holding company. The Firm provides three-dimensional (3D) services and products, including 3D printers, print materials, parts services and digital design and manufacturing tools. The Company’s ecosystem supports applications from the product design shop to the factory floor to the operating room. The Company’s precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices, as well as patient-specific surgical instruments. The Company’s clients can use 3D printing to design and manufacture parts. The Company’s clients include companies and small and midsize businesses in a range of industries, including automotive, aerospace, government, defense, technology, electronics, education, consumer goods, energy and healthcare.

Another recent and important 3D Systems Corporation (NYSE:DDD) news was published by Profitconfidential.com which published an article titled: “3D Systems Corporation: DDD Stock has HUGE Upside” on September 20, 2016.

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