5 Best 3D Printing Stocks To Invest In

2. Xometry, Inc. (NASDAQ:XMTR)

Number of Hedge Fund Holders: 24

Xometry, Inc. (NASDAQ:XMTR) is a leading provider of CNC machining, 3D printing, sheet metal fabrication, and injection molding. Xometry, Inc. (NASDAQ:XMTR) has a strong business model that is benefiting both customers and manufacturing partners. The company has a large addressable market and is well-positioned to capitalize on the shift to on-demand manufacturing and the favorable growth trends for the 3D printing industry. Xometry, Inc. (NASDAQ:XMTR) is ranked high among the best 3D printing stocks to invest in.

On November 10, Xometry, Inc. (NASDAQ:XMTR) posted earnings for the fiscal third quarter of 2022 in which it outperformed EPS estimates by $0.13. The company generated a revenue of $103.57 million, up 82.58% year over year, and beat expectations by $0.19 million. Shortly after the company’s earnings release, UBS analyst Karl Keirstead revised his price target on Xometry, Inc. (NASDAQ:XMTR) to $45 from $55 and maintained a Neutral rating on the shares.

At the end of Q3 2022, 24 hedge funds were long Xometry, Inc. (NASDAQ:XMTR) and disclosed stakes worth $363.3 million in the company. This is compared to 16 positions in the preceding quarter with stakes worth $221.6 million. The hedge fund sentiment for the stock is positive. As of September 30, Driehaus Capital is the top investor in Xometry, Inc. (NASDAQ:XMTR) and has stakes worth $87.8 million in the company.