Susquehanna Fundamental Investments LLC Has $2.75 Million Stake in Proto Labs, Inc. $PRLB

Key Points

• Susquehanna Fundamental Investments increased its Proto Labs stake by 227% in the second quarter, holding 33,760 shares worth approximately $2.75 million. Institutional investors collectively own 84.54% of the company.
• Analysts maintain a favorable outlook, with Proto Labs receiving an average “Buy” rating and an average price target of $89.00; Needham and Benchmark recently raised their targets to $87 and $91, respectively.
• Proto Labs exceeded quarterly expectations, reporting $0.60 in earnings per share versus $0.53 expected and revenue of $149.34 million, up 10.5% year over year. Shares opened at $80.04, compared with a 52-week range of $45.10 to $93.00.

Susquehanna Fundamental Investments LLC lifted its holdings in Proto Labs, Inc. (NYSE:PRLB - Free Report) by 227.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,760 shares of the industrial products company's stock after acquiring an additional 23,435 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.14% of Proto Labs worth $2,752,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of Proto Labs by 51.3% in the first quarter. Royal Bank of Canada now owns 6,510 shares of the industrial products company's stock valued at $228,000 after purchasing an additional 2,207 shares in the last quarter. AQR Capital Management LLC boosted its position in Proto Labs by 3.3% in the 1st quarter. AQR Capital Management LLC now owns 63,871 shares of the industrial products company's stock valued at $2,238,000 after buying an additional 2,040 shares during the last quarter. NewEdge Advisors LLC increased 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 valued at $26,000 after buying an additional 738 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Proto Labs by 68.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,756 shares of the industrial products company's stock valued at $871,000 after buying an additional 8,864 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in shares of Proto Labs during the second quarter worth $480,000. 84.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Proto Labs Stock Performance

NYSE PRLB opened at $80.04 on Tuesday. The business has a 50 day simple moving average of $80.40 and a 200 day simple moving average of $71.11. Proto Labs, Inc. has a 52-week low of $45.10 and a 52-week high of $93.00. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 64.03 and a beta of 1.40.

Proto Labs (NYSE:PRLB - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share 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 firm had revenue of $149.34 million for the quarter, compared to analyst estimates of $144.53 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The business's revenue was up 10.5% on a year-over-year basis. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. On average, analysts predict that Proto Labs, Inc. will post 1.46 EPS for the current year.

Proto Labs Company 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.

Want to see what other hedge funds are holding PRLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Proto Labs, Inc. (NYSE:PRLB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source