Janney Montgomery Scott LLC acquired a new position in Proto Labs, Inc. (NYSE:PRLB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,786 shares of the industrial products company's stock, valued at approximately $472,000.
Other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its stake in shares of Proto Labs by 7,380.0% in the 1st quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company's stock worth $26,000 after purchasing an additional 738 shares during the period. GAMMA Investing LLC lifted its stake in shares of Proto Labs by 249.4% in the 1st quarter. GAMMA Investing LLC now owns 926 shares of the industrial products company's stock worth $32,000 after purchasing an additional 661 shares during the period. CWM LLC lifted its stake in shares of Proto Labs by 50.4% in the 1st quarter. CWM LLC now owns 1,840 shares of the industrial products company's stock worth $64,000 after purchasing an additional 617 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Proto Labs by 14.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,165 shares of the industrial products company's stock worth $76,000 after purchasing an additional 267 shares during the period. Finally, State of Wyoming bought a new position in shares of Proto Labs in the 1st quarter worth approximately $99,000. Institutional investors own 84.54% of the company's stock.
Insider Buying and Selling at Proto Labs
In other Proto Labs news, CEO Suresh Krishna bought 1,725 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of $43.51 per share, with a total value of $75,054.75. Following the completion of the acquisition, the chief executive officer owned 18,021 shares in the company, valued at $784,093.71. This trade represents a 10.59% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company's stock.
Proto Labs Price Performance
Shares of PRLB opened at $52.07 on Friday. Proto Labs, Inc. has a 1 year low of $26.34 and a 1 year high of $55.90. The company has a 50 day simple moving average of $49.86 and a two-hundred day simple moving average of $42.30. The firm has a market cap of $1.24 billion, a P/E ratio of 86.79 and a beta of 1.24.
Proto Labs (NYSE:PRLB - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.08. Proto Labs had a net margin of 2.91% and a return on equity of 2.22%. The business had revenue of $135.06 million during the quarter, compared to analyst estimates of $128.05 million. During the same period last year, the firm posted $0.38 EPS. The company's revenue was up 7.6% on a year-over-year basis. Proto Labs has set its Q3 2025 guidance at 0.350-0.430 EPS. On average, sell-side analysts anticipate that Proto Labs, Inc. will post 0.81 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on PRLB shares. Cantor Fitzgerald increased their price objective on shares of Proto Labs from $50.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Weiss Ratings restated a "hold (c-)" rating on shares of Proto Labs in a research note on Wednesday, October 8th. Craig Hallum upgraded shares of Proto Labs from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Proto Labs from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $52.50.
View Our Latest Stock Report on Proto Labs
About Proto Labs
(
Free Report)
Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.
Further Reading
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