10 Best 3D Printing and Additive Manufacturing Stocks To Buy

6. FARO Technologies, Inc. (NASDAQ:FARO)

Number of Hedge Fund Holders: 24

FARO Technologies, Inc. (NASDAQ:FARO) is an information technology company based in Lake Mary, Florida. It offers support for software-driven 3D measurement, imaging, and realization solutions.

The company is a strong competitor in the 3D printing space, and it has been steadily increasing its reach in the industry through numerous acquisitions. FARO Technologies, Inc. (NASDAQ:FARO) has completed 17 acquisitions to day, with most of these being in the 3D scanning area. Analysts are quite bullish on the stock in light of its first-quarter earnings as well, with revenues coming in at $4 million, and statutory losses coming in at a mere $0.38 per share, which was well below analyst estimates.

In the first quarter, 24 hedge funds were long FARO Technologies, Inc. (NASDAQ:FARO), with a total stake value of $131.6 million.