Ancora Advisors LLC Takes $4.26 Million Position in Proto Labs, Inc. $PRLB

Key Points

• Ancora Advisors acquired 46,925 shares of Proto Labs worth approximately $4.26 million, representing about 0.20% of the company. Institutional investors collectively own 84.54% of Proto Labs.
• Analyst sentiment remains positive, with Proto Labs holding a consensus “Buy” rating and an average price target of $89.00; Benchmark and Needham recently raised their ratings or targets.
• Proto Labs exceeded quarterly expectations, reporting $0.60 in EPS versus the $0.53 estimate and revenue of $149.34 million, up 10.5% year over year. The stock opened at $78.63, with a market capitalization of approximately $1.88 billion.

Ancora Advisors LLC bought a new stake in Proto Labs, Inc. (NYSE:PRLB - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 46,925 shares of the industrial products company's stock, valued at approximately $4,258,000. Ancora Advisors LLC owned approximately 0.20% of Proto Labs as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Rice Hall James & Associates LLC purchased a new position in Proto Labs during the 2nd quarter worth $8,882,000. Quantinno Capital Management LP lifted its holdings in shares of Proto Labs by 98.9% in the 1st quarter. Quantinno Capital Management LP now owns 27,716 shares of the industrial products company's stock worth $1,580,000 after buying an additional 13,781 shares during the period. State of Wyoming purchased a new stake in shares of Proto Labs in the 2nd quarter worth $1,334,000. Puzo Michael J bought a new position in shares of Proto Labs during the 2nd quarter worth $8,304,000. Finally, Somerville Kurt F bought a new position in shares of Proto Labs during the 2nd quarter worth $8,344,000. Institutional investors own 84.54% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings downgraded Proto Labs from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 18th. Wall Street Zen cut shares of Proto Labs from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. Zacks Research raised shares of Proto Labs from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Benchmark raised their target price on shares of Proto Labs from $70.00 to $91.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Finally, Needham & Company LLC upgraded shares of Proto Labs from a "hold" rating to a "buy" rating and set a $87.00 price target for the company in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, Proto Labs currently has a consensus rating of "Buy" and an average price target of $89.00.

Proto Labs Stock Performance

NYSE:PRLB opened at $78.63 on Thursday. The company's 50-day simple moving average is $80.47 and its 200-day simple moving average is $70.82. Proto Labs, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $93.00. The stock has a market capitalization of $1.88 billion, a P/E ratio of 62.90 and a beta of 1.40.

Proto Labs (NYSE:PRLB - Get Free Report) last posted its earnings results on Friday, July 31st. The industrial products company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.07. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The company had revenue of $149.34 million during the quarter, compared to analysts' expectations of $144.53 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. Proto Labs's revenue for the quarter was up 10.5% compared to the same quarter last year. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. On average, research analysts forecast that Proto Labs, Inc. will post 1.46 EPS for the current year.

Insider Buying and Selling

In other Proto Labs news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total value of $154,560.00. Following the completion of the sale, the director directly owned 32,505 shares in the company, valued at approximately $2,511,986.40. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company's stock.

Proto Labs Profile

Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.

Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.

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