3D Systems price target lowered to $59 from $65 at Pacific Crest After 3D Systems announced that it would offer at least 5.95M shares of stock, Pacific Crest views the news as a negative headline risk. The firm thinks that any large acquisitions by 3D Systems would do little to address concerns that the company is growing primarily through acquisitions. Pacific Crest recommends waiting for pullbacks before buying 3D Systems but it keeps an Outperform rating on the shares.
Harman names 3D Systems CEO Avi Reichental to board of directors Harman (HAR) announced that Avi N. Reichental has been elected to the company’s Board of Directors effective April 1, bringing the size of the Board to 10 directors. Reichental is President and CEO of 3D Systems (DDD).
3D Systems calls active on renewed takeover chatter 3D Systems March 27 and 28 calls are active on 4,200 calls (500 puts) on renewed takeover chatter. March call option implied volatility is at 79, April is at 37, May is at is at 45; compared to its 26-week average of 42 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.