5 Best 3D Printing and Additive Manufacturing Stocks to Buy

4. Proto Labs, Inc. (NYSE: PRLB)

Number of Hedge Fund Holders: 18

Proto Labs, Inc. (NYSE: PRLB) operates as an e-commerce driven manufacturer of custom prototypes and 0n-demand production parts globally. Apart from 3D printing, the company also offers injection molding and computer numerical and control machining. It ranks 4th on our list of the best 3D printing and additive manufacturing stocks to buy.

In the first quarter of 2021, Proto Labs, Inc. (NYSE: PRLB) had an EPS valued at $0.40, in line with estimates for the quarter. The company brought in $116.13 million in revenue and has a gross profit margin of 49.39%.

By the end of the first quarter of 2021, 18 hedge funds out of the 866 tracked by Insider Monkey held stakes in Proto Labs, Inc. (NYSE: PRLB). The total value of their stakes came up to roughly $515 million. This is compared to 16 hedge fund holders in the previous quarter with a total stake value of about $654 million.

Harding Loevner, an investment management firm, mentioned Proto Labs, Inc. (NYSE: PRLB) in their first quarter of 2021 investor letter. Here’s what they said:

“Shares of Protolabs, a provider of 3D printing and other rapid prototyping and mold machining services for manufacturing, extended their strong performance from last year and soared early in January after the company announced its intention to acquire another on-demand digital manufacturing platform. We took advantage of their runup to sell our position.”