In this article, we will be looking at the 5 best 3D printing stocks to buy. If you wish to see our detailed analysis on these stocks, you can go directly to the 10 Best 3D Printing Stocks to Buy.
5. Desktop Metal, Inc. (NYSE:DM)
Number of Hedge Fund Holders: 27
Desktop Metal, Inc. (NYSE:DM) is a public technology company that designs 3D printing systems and works with additive manufacturing solutions for engineers, designers, and manufacturers throughout the globe. The company ranks fifth on our list of the 10 best 3D printing stocks to buy.
This September, Desktop Metal, Inc. (NYSE:DM) announced its acquisition of Aidro, a company involved in the volume production of next-generation hydraulic and fluid power systems through metal additive manufacturing across a wide range of industries, including industrial machinery and aerospace. In the second quarter of 2021, Desktop Metal, Inc. (NYSE:DM) reported earnings per share at -$0.08, in-line with the estimates. The revenue for the quarter stood at $18.98 million.
By the end of the second quarter of 2021, 27 hedge funds out of the 873 tracked by Insider Monkey held stakes in Desktop Metal, Inc. (NYSE:DM). The total value of their stakes came up to roughly $177.7 million. This is compared to 20 hedge fund holders in the previous quarter with a total stake value of about $216 million.
On October 7, Oppenheimer analyst Martin Yang initiated coverage of Desktop Metal, Inc. (NYSE:DM) with a Perform rating.