3D Systems Corporation Stock Price Could Go Up After Today’s Bullish Options Activity

 3D Systems Corporation Stock Price Could Go Up After Today's Bullish Options Activity

In today’s session 3D Systems Corporation (DDD) registered an unusually high (1,054) 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 1,054 contracts traded and 10714 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: DDD161118C00014000 closed last at: $0.43 or 31.7% down. About 11,489 shares traded hands. 3D Systems Corporation (NYSE:DDD) has declined 20.90% since April 5, 2016 and is downtrending. It has underperformed by 22.86% the S&P500.

3D Systems Corporation (NYSE:DDD) Ratings Coverage

Out of 14 analysts covering 3D Systems Corporation (NYSE:DDD), 3 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 21% are positive. $22 is the highest target while $6 is the lowest. The $12.35 average target is -4.49% below today’s ($12.93) stock price. 3D Systems Corporation has been the topic of 32 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Needham on Sunday, August 9. As per Friday, April 15, the company rating was downgraded by Citigroup. The firm has “Hold” rating by Jefferies given on Tuesday, March 15. Jefferies maintained it with “Hold” rating and $15 target price in Thursday, August 4 report. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, August 7 report. The stock of 3D Systems Corporation (NYSE:DDD) has “Overweight” rating given on Thursday, December 17 by Stephens. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, March 15. The company was initiated on Tuesday, May 24 by FBR Capital. The stock has “Sell” rating given by UBS on Friday, July 31. The stock has “Hold” rating given by Jefferies on Monday, August 10.

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 Q2 2016. 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.
Oregon Pub Employees Retirement Fund holds 0.01% of its portfolio in 3D Systems Corporation (NYSE:DDD) for 34,944 shares. Invesco Ltd holds 0% or 213,750 shares in its portfolio. First Tru Advsr Lp holds 401,624 shares or 0.02% of its portfolio. Goldman Sachs Gru has invested 0% of its portfolio in 3D Systems Corporation (NYSE:DDD). Ls Investment Lc holds 0.01% or 6,372 shares in its portfolio. Hanson And Doremus Investment last reported 0% of its portfolio in the stock. Nomura owns 39,364 shares or 0% of their US portfolio. Vident Inv Advisory Llc accumulated 68,707 shares or 0.13% of the stock. Blue Bell Private Wealth Management Limited Liability has 150 shares for 0% of their US portfolio. Parametric Limited Co has 122,891 shares for 0% of their US portfolio. Parallax Volatility Advisers L P, a California-based fund reported 58,978 shares. Raymond James Financial Advsrs, a Florida-based fund reported 46,404 shares. Vanguard Gp last reported 7.90M shares in the company. Gmt Capital holds 0.08% or 241,300 shares in its portfolio. Barclays Public Lc, a United Kingdom-based fund reported 963,769 shares.

Insider Transactions: Since May 12, 2016, the stock had 1 insider purchase, and 0 selling transactions for $241,500 net activity. 20,000 shares with value of $241,500 were bought by LOEWENBAUM G WALTER II on Thursday, May 12.

3D Systems Corporation is a holding company. The company has a market cap of $1.41 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.

More notable recent 3D Systems Corporation (NYSE:DDD) news were published by: Fool.com which released: “Why 3D Systems Corporation Stock Popped Today” on November 03, 2016, also Foxbusiness.com with their article: “3D Systems Takes a Step in the Right Direction” published on November 04, 2016, Investorplace.com published: “3D Systems Corporation (DDD) Stock: Is the Carnage Over?” on October 19, 2016. More interesting news about 3D Systems Corporation (NYSE:DDD) were released by: Profitconfidential.com and their article: “3D Systems Corporation: Don’t Fear, the DDD Stock Bull is Still Here” published on October 22, 2016 as well as Schaeffersresearch.com‘s news article titled: “Most Active Options: 3D Systems Corporation and J C Penney Company Inc” with publication date: November 03, 2016.

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