10 Best 3D Printing Stocks to Buy Now
In this article, we will be looking at the 10 best 3D printing stocks to buy now. If you want to skip our detailed analysis on the additive manufacturing industry, you can go directly to the 5 Best 3D Printing Stocks to Buy Now.
Additive manufacturing, or 3D printing as it is more commonly known, is a trend in the technology sector across the globe that has been gaining headway for quite a few years now. Back in 2019, money was poured into the sector in millions, to invest and help its growth. Major names like Desktop Metal, Inc. (NYSE: DM) received investments of around $160 million in the first quarter of 2019, for instance. The phenomenon of 3D printing, once thought to be out of reach but now dancing right in front of our eyes in 2021, is something that has caught every major investor's eye.
An estimate claims that the market for 3D printing products and related services is due to surpass the $40 billion mark by 2024, and investors like Cathie Wood are jumping on the opportunity to gain from the rapidly growing additive manufacturing sector. Wood's Ark Invest even set up an ETF for 3D printing, The 3D Printing ETF (BATS: PRNT), and her growing interest in the additive manufacturing sector bears some resemblance to her approach to Tesla, Inc. (NASDAQ: TSLA), and even her interest in Bitcoin, indicating that perhaps like the previous two, 3D printing may just be the next big thing investors should keep an eye on.
With additive manufacturing technology becoming more commonplace and user-friendly across the globe, coupled with rapidly growing investor interest in the sector and more industries, like the automotive and healthcare industries making use of 3D printing, stocks like Autodesk, Inc. (NASDAQ: ADSK), Raytheon Technologies Corporation (NYSE: RTX), and HP Inc. (NYSE: HPQ) that are involved in the 3D printing sector, really stand to gain. As such, we have compiled a list of the best 3D printing stocks to buy now.
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Like the 3D printing sector, the hedge fund industry is also going through massive changes. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.
Without further ado, let's look at the 10 best 3D printing stocks to buy now. The stocks added to our list below were selected on the basis of hedge fund sentiment, analysts' ratings, fundamentals, and growth potential based on core business strengths.
Best 3D Printing Stocks to Buy Now
10. Dassault Systèmes SE (OTC: DASTY)
Number of Hedge Fund Holders: N/A
Dassault Systèmes SE (OTC: DASTY) is a French provider of software solutions and services across the world. The company's SOLIDWORKS design software caters to 3D design demands, and it ranks 10th on our list of the best 3D printing stocks to buy now.
This July, Deutsche Bank raised its price target on Dassault Systèmes SE (OTC: DASTY) to $225.33. The company has also provided guidance for the second quarter of revenue between approximately $1.34 billion to $1.37 billion, and for the financial year of 2021, it reaffirmed an increase in its revenue by 9-10% and the same for its EPS by 17-18%.
In the first quarter of 2021, Dassault Systèmes SE (OTC: DASTY) had an EPS of $0.78, and its revenue was approximately $1.38 billion, up 2.6% year over year. The company has a gross profit margin of 83.32% and it has gained 24.45% in the past 6 months and 23.34% year to date.
Like Desktop Metal Inc (NYSE: DM), Proto Labs Inc (NYSE: PRLB), Autodesk, Inc. (NASDAQ: ADSK), Raytheon Technologies Corporation (NYSE: RTX), and HP Inc. (NYSE: HPQ), Dassault Systèmes SE (OTC: DASTY) is a stock worth investing in.
9. The ExOne Company (NASDAQ: XONE)
Number of Hedge Fund Holders: 8
The ExOne Company (NASDAQ: XONE) manufactures 3D printing machines, products, and materials. The company serves industrial customers in the US, Germany, and Japan and ranks 9th on our list of the best 3D printing stocks to buy now.
This July, The ExOne Company (NASDAQ: XONE) opened up its new Metal 3D Printing Adoption Center at its headquarters in Germany to give customers access to binder jet 3D printing facilities. Additionally. Alliance Global Partners has a Buy rating on The ExOne Company (NASDAQ: XONE), alongside Canaccord, as of this May.
In the first quarter of 2021, the company's EPS was valued at -$0.29 versus estimates of -$0.21, and its revenue stood at $13.02 million, representing a 3.17% growth year over year. The ExOne Company (NASDAQ: XONE) also has a gross profit margin of 21.83% and has gained 76.63% in the past 6 months plus 125.83% year to date.
By the end of the first quarter of 2021, 8 hedge funds out of the 866 tracked by Insider Monkey held stakes in The ExOne Company (NASDAQ: XONE). The total value of their stakes came up to roughly $110 million. This is compared to 10 hedge fund holders in the previous quarter with a total stake value of about $27.3 million.
Like Desktop Metal Inc (NYSE: DM), Proto Labs Inc (NYSE: PRLB), Autodesk, Inc. (NASDAQ: ADSK), Raytheon Technologies Corporation (NYSE: RTX), and HP Inc. (NYSE: HPQ), The ExOne Company (NASDAQ: XONE) is a stock worth investing in.
8. Nano Dimension Ltd. (NASDAQ: NNDM)
Number of Hedge Fund Holders: 11
Nano Dimension Ltd. (NASDAQ: NNDM) provides additive electronics in Israel and internationally. The company's main product is the DragonFly lights-out digital manufacturing system, and it ranks 8th on our list of the best 3D printing stocks to buy now.
This July, Nano Dimension Ltd. (NASDAQ: NNDM) partnered up with Hensoldt AG to form a joint venture for the advancement of 3D printing design. The company also gained this May in light of its increasingly positive Q1 results.
For the first quarter of 2021, Nano Dimension Ltd. (NASDAQ: NNDM) had EPS valued at -$0.02, beating estimates by $0.02. Revenue for the quarter was valued at $1.97 million, beating estimates by $0.97 million. The company has a gross profit margin of 57.24% and has gained 279.26% in the past year.
By the end of the first quarter of 2021, 11 hedge funds out of the 866 tracked by Insider Monkey held stakes in Nano Dimension Ltd. (NASDAQ: NNDM). The total value of their stakes came up to roughly $203 million. This is compared to 6 hedge fund holders in the previous quarter with a total stake value of about $89.7 million.
Like Desktop Metal Inc (NYSE: DM), Proto Labs Inc (NYSE: PRLB), Autodesk, Inc. (NASDAQ: ADSK), Raytheon Technologies Corporation (NYSE: RTX), and HP Inc. (NYSE: HPQ), Nano Dimension Ltd. (NASDAQ: NNDM) is a stock worth investing in.
7. 3D Systems Corporation (NYSE: DDD)
Number of Hedge Fund Holders: 16
3D Systems Corporation (NYSE: DDD) provides 3D printing and digital manufacturing solutions in the US, Europe, the Middle East, and the Asia Pacific. It ranks 7th on our list of the best 3D printing stocks to buy now.
This June, 3D Systems Corporation (NYSE: DDD) announced its plans to finish the sale of its On Demand Manufacturing business by the third quarter. The business has been sold to Trilantic North America for $82 million, which will be invested in the company's core additive manufacturing business. This May, the company was also upgraded to Buy by Craig-Hallum in light of strong first-quarter results, and Stifel raised its price target on the shares to $30.
As of the first quarter of 2021, 3D Systems Corporation (NYSE: DDD) had an EPS valued at $0.36, beating estimates by $0.40 and its revenue was $146.12 million, beating estimates by $9.49 million. The company also has a gross profit margin of 40.6% and has gained 24.03% in the past 6 months plus 226.84% year to date.
By the end of the first quarter of 2021, 16 hedge funds out of the 866 tracked by Insider Monkey held stakes in 3D Systems Corporation (NYSE: DDD). The total value of their stakes came up to roughly $315 million. This is compared to 15 hedge fund holders in the previous quarter with a total stake value of about $59.7 million.
Like Desktop Metal Inc (NYSE: DM), Proto Labs Inc (NYSE: PRLB), Autodesk, Inc. (NASDAQ: ADSK), Raytheon Technologies Corporation (NYSE: RTX), and HP Inc. (NYSE: HPQ), 3D Systems Corporation (NYSE: DDD) is a stock worth investing in.
6. Proto Labs, Inc. (NYSE: PRLB)
Number of Hedge Fund Holders: 18
Proto Labs, Inc. (NYSE: PRLB) is an e-commerce driven manufacturer of custom prototypes and 0n-demand production parts globally and offers 3D printing products and services. It ranks 6th on our list of the best 3D printing stocks to buy now.
This May, Benchmark retained its Buy rating on Proto Labs, Inc. (NYSE: PRLB), and the company also offered Q2 guidance of a $117 million - $127 million revenue, versus consensus estimates of $119.48 million.
In the first quarter of 2021, Proto Labs, Inc. (NYSE: PRLB) had an EPS of $0.40, in line with estimates for the quarter. The company brought in $116.13 million in revenue, beating estimates by $2.90 million, 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.
Like Desktop Metal Inc (NYSE: DM), Autodesk, Inc. (NASDAQ: ADSK), Raytheon Technologies Corporation (NYSE: RTX), and HP Inc. (NYSE: HPQ), Proto Labs, Inc. (NYSE: PRLB) is a stock worth investing in.
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.”
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Disclosure: None. 10 Best 3D Printing Stocks to Buy Now is originally published on Insider Monkey.
