5 3D Printing Companies to Watch in 2022

2. 3D Systems Corporation (NYSE:DDD)

Number of Hedge Fund Holders: 18

3D Systems Corporation (NYSE:DDD) provides comprehensive 3D printing solutions, including 3D printers, scanners, materials, software, haptic design tools, as well as virtual surgical simulators. The company was founded by Chuck Hull, who is also the inventor of stereolithography, in 1986.

In the third quarter, 3D Systems Corporation (NYSE:DDD) posted $0.08 in EPS, beating estimates by $0.03. The company raked in $156.10 million in quarterly revenue, outperforming estimates by $11.64 million.

On November 8, Lake Street analyst Troy Jensen initiated coverage of 3D Systems Corporation (NYSE:DDD) with a ‘Buy’ rating and a $36 price target. The firm’s analyst noted that the company has effectively repositioned itself as a pure-play additive manufacturing firm, having made significant strides in material development and healthcare applications.

As of the third quarter, 18 hedge funds disclosed ownership of stakes in 3D Systems Corporation (NYSE:DDD) at the end of the third quarter, down from 20 in the preceding quarter.