3D Systems Corp. Target of Unusually Large Options Trading (DDD)
Shares of 3D Systems Corp. (NYSE:DDD) saw some unusual options trading on Thursday. Investors bought 22,409 put options on the company, AnalystRatingsNetwork.com reports. This is an increase of 116% compared to the typical volume of 10,357 put options.
A number of research firms have recently commented on DDD. Analysts at Needham & Company raised their price target on shares of 3D Systems Corp. to $100.00 in a research note to investors on Thursday. Separately, analysts at Canaccord Genuity raised their price target on shares of 3D Systems Corp. from $85.00 to $95.00 in a research note to investors on Tuesday, December 24th. They now have a “buy” rating on the stock. Finally, analysts at Gabelli reiterated a “hold” rating on shares of 3D Systems Corp. in a research note to investors on Monday, December 23rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the stock. 3D Systems Corp. presently has an average rating of “Buy” and an average target price of $81.67.
3D Systems Corp. (NYSE:DDD) traded up 1.36% during mid-day trading on Thursday, hitting $94.19. 4,290,255 shares of the company’s stock traded hands. 3D Systems Corp. has a one year low of $27.88 and a one year high of $95.40. The stock’s 50-day moving average is $79.97 and its 200-day moving average is $58.71. The company has a market cap of $9.681 billion and a P/E ratio of 201.15.
3D Systems Corp. (NYSE:DDD) last announced its earnings results on Tuesday, October 29th. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.26. The company had revenue of $135.70 million for the quarter, compared to the consensus estimate of $132.04 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 49.9% on a year-over-year basis. On average, analysts predict that 3D Systems Corp. will post $0.97 earnings per share 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.
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