Investors Purchase Large Volume of 3D Systems Corp. Put Options (DDD)
Shares of 3D Systems Corp. (NYSE:DDD) was the recipient of unusually large options trading activity on Monday. Stock investors bought 19,875 put options on the stock, AnalystRatingsNetwork reports. This is an increase of 186% compared to the average volume of 6,949 put options.
A number of analysts have recently weighed in on DDD shares. Analysts at Piper Jaffray Cos. reiterated a “hold” rating on shares of 3D Systems Corp. in a research note to investors on Monday. They now have a $61.00 price target on the stock. Separately, analysts at Brean Capital raised their price target on shares of 3D Systems Corp. to $70.00 in a research note to investors on Monday. Finally, analysts at Maxim Group raised their price target on shares of 3D Systems Corp. from $56.00 to $67.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $59.64.
3D Systems Corp. (NYSE:DDD) traded down 2.83% on Monday, hitting $56.98. 4,255,382 shares of the company’s stock traded hands. 3D Systems Corp. has a 1-year low of $21.5667 and a 1-year high of $51.94. The stock’s 50-day moving average is $49.3 and its 200-day moving average is $42.61. The company has a market cap of $5.790 billion and a P/E ratio of 135.43.
3D Systems Corp. (NYSE:DDD) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.04. The company had revenue of $120.50 million for the quarter, compared to the consensus estimate of $114.63 million. During the same quarter last year, the company posted $0.27 earnings per share. 3D Systems Corp.’s revenue was up 44.5% compared to the same quarter last year. Analysts expect that 3D Systems Corp. will post $1.01 EPS for the current fiscal year.
3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.