Proto Labs (NYSE:PRLB) Rating Reiterated by Needham & Company LLC

Proto Labs (NYSE:PRLB - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Needham & Company LLC in a report released on Monday, Benzinga reports.

Separately, StockNews.com upgraded shares of Proto Labs from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 2nd.

Proto Labs Trading Up 0.9 %

Shares of Proto Labs stock traded up $0.28 on Monday, reaching $31.37. 138,896 shares of the stock were exchanged, compared to its average volume of 157,037. The firm has a market capitalization of $801.82 million, a PE ratio of 41.04 and a beta of 1.36. Proto Labs has a 1-year low of $23.01 and a 1-year high of $41.87. The business has a fifty day moving average price of $34.01 and a two-hundred day moving average price of $34.77.

Proto Labs (NYSE:PRLB - Get Free Report) last issued its earnings results on Friday, February 9th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). Proto Labs had a return on equity of 2.88% and a net margin of 3.92%. The business had revenue of $125.10 million for the quarter, compared to analysts' expectations of $122.81 million. During the same period last year, the company posted ($4.24) earnings per share. The business's quarterly revenue was up 8.2% on a year-over-year basis. Research analysts expect that Proto Labs will post 0.94 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB increased its holdings in Proto Labs by 34.2% during the 3rd quarter. Nordea Investment Management AB now owns 147,743 shares of the industrial products company's stock valued at $3,884,000 after acquiring an additional 37,642 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of Proto Labs during the 3rd quarter worth approximately $2,090,000. Caxton Associates LP purchased a new stake in Proto Labs in the 3rd quarter valued at approximately $587,000. Charles Schwab Investment Management Inc. grew its holdings in Proto Labs by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,196 shares of the industrial products company's stock valued at $10,169,000 after buying an additional 18,372 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Proto Labs during the third quarter worth $1,130,000. Hedge funds and other institutional investors own 84.54% of the company's stock.

Proto Labs Company Profile

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.