5 Best 3D Printing and Additive Manufacturing Stocks to Buy

2. Stratasys Ltd. (NASDAQ: SSYS)

Number of Hedge Fund Holders: 24

Stratasys Ltd. (NASDAQ: SSYS) offers connected and polymer-based 3D printing solutions to customers, alongside 3D printing systems like polyjet printers, FDM printers, stereolithography printing systems, and programmable photopolymerization printers for faster prototyping. The company ranks 2nd on our list of the best 3D printing and additive manufacturing stocks to buy.

On June 15th, Stratasys Ltd. (NASDAQ: SSYS) announced the launch of two new PolyJet 3D printers called the Stratasys J35 Pro and J55 Prime, alongside new software solutions. The company is now accepting orders for the two new printers. In the first quarter of 2021, Stratasys Ltd. (NASDAQ: SSYS) had an EPS valued at -$0.06 versus the -$0.07 estimate and brought in $134.19 million in revenue. The company also has a gross profit margin of 43.56% and has gained 7.97% year to date.

By the end of the first quarter of 2021, 24 hedge funds out of the 866 tracked by Insider Monkey held stakes in Stratasys Ltd. (NASDAQ: SSYS). The total value of their stakes came up to roughly $481 million. This is compared to 16 hedge fund holders in the previous quarter with a total stake value of about $352 million.

Alger, an investment management firm, mentioned Stratasys Ltd. (NASDAQ: SSYS). Here‘s what the fund 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.”