Investors Buy High Volume of 3D Systems Call Options (DDD)
3D Systems (NYSE:DDD) saw some unusual options trading on Friday. Traders bought 34,356 call options on the stock, Analyst Ratings Net reports. This is an increase of approximately 152% compared to the typical daily volume of 13,615 call options.
In other 3D Systems news, EVP Charles W. Hull sold 7,500 shares of 3D Systems stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $49.07, for a total transaction of $368,025.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on DDD. Analysts at Pacific Crest reiterated an “outperform” rating on shares of 3D Systems in a research note on Friday, August 1st. They now have a $56.00 price target on the stock, down previously from $59.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of 3D Systems in a research note on Friday, August 1st. They now have a $53.00 price target on the stock. Finally, analysts at RBC Capital downgraded shares of 3D Systems from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 1st. They now have a $54.00 price target on the stock, down previously from $64.00. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.10.
3D Systems (NYSE:DDD) traded up 2.13% on Friday, hitting $50.37. The stock had a trading volume of 4,767,881 shares. 3D Systems has a one year low of $43.35 and a one year high of $97.28. The stock’s 50-day moving average is $52.71 and its 200-day moving average is $56.48. The company has a market cap of $5.537 billion and a P/E ratio of 142.96.
3D Systems (NYSE:DDD) last announced its earnings results on Thursday, July 31st. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.02. The company had revenue of $151.50 million for the quarter, compared to the consensus estimate of $162.30 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Analysts expect that 3D Systems will post $0.78 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.
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