5 3D Printing Stocks Hedge Funds Like

4. Stratasys Ltd. (NASDAQ:SSYS)

Number of Hedge Funds: 21

Stratasys Ltd. (NASDAQ:SSYS) is an Israeli-American digital printing company incorporated in Israel. The company focuses on the manufacture of 3D printers and productions mainly for office-based rapid prototyping and direct digital manufacturing solutions.

On November 8, Loop Capital analyst Ananda Baruah raised the price target on Stratasys Ltd. (NASDAQ:SSYS) from $19 to $35 and kept a hold rating on the company’s shares.

According to the Insider Monkey database, Cathie Wood’s ARK Investments holds the biggest stake in the company with 7.23 million shares worth $155.6 million representing 0.37% of the fund’s portfolio.

The investment management firm Alger mentioned Stratasys Ltd. (NASDAQ:SSYS) in their first-quarter 2021 investor letter. Here is what the firm said:

“Short position Stratasys also contributed to performance. Stratasys is one of the larger 3D printing companies. While additive manufacturing (3D printing) is a revolutionary concept, it has only seen its primary adoption for manufacturing prototypes and test parts, not high-volume end-use parts. Unfortunately for incumbents like Stratasys, additive manufacturing has continued to attract capital and dozens of new entrants have emerged with new technologies targeting specific applications. Industry pioneers like Stratasys have seen key patents expire and have lost market share to new competition. As a result of these factors, Stratasys has not grown for five years. Some industry participants believe that Stratasys’ plastic extrusion technology is simply too slow to be an acceptable solution for higher volume manufacturing. The short position contributed to portfolio returns when Stratasys’ shares declined due to year-over-year revenue contraction, continuing market share losses, a talent exodus, the issuance of new shares via a secondary offering, and no significant progress on developing new opportunities in promising additive verticals like metal and dental.”