Proto Labs (NYSE:PRLB) Sets New 12-Month High - Here's Why

Key Points

• Proto Labs (NYSE:PRLB) reached a new 52-week high of $51.10 during trading, showing a notable increase from its previous close of $49.37.
• Wall Street analysts have upgraded Proto Labs' ratings, with Craig Hallum raising its rating to "buy" and setting a price target of $54.00, reflecting confidence in the company's growth potential.
• The company reported a quarterly earnings per share (EPS) of $0.41, surpassing expectations and showing a year-over-year revenue increase of 7.6%.

Proto Labs, Inc. (NYSE:PRLB - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as $51.10 and last traded at $51.10, with a volume of 48094 shares changing hands. The stock had previously closed at $49.37.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Craig Hallum raised Proto Labs from a "hold" rating to a "buy" rating and set a $54.00 price objective on the stock in a research note on Friday, August 1st. Cantor Fitzgerald boosted their price objective on Proto Labs from $50.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised 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 one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.50.

Proto Labs Price Performance

The business has a 50 day simple moving average of $46.12 and a 200 day simple moving average of $40.42. The stock has a market cap of $1.22 billion, a PE ratio of 84.98 and a beta of 1.27.

Proto Labs (NYSE:PRLB - Get Free Report) last issued its earnings results on Thursday, July 31st. The industrial products company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.08. Proto Labs had a return on equity of 2.22% and a net margin of 2.91%.The firm had revenue of $135.06 million for the quarter, compared to the consensus estimate of $128.05 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The business's quarterly revenue was up 7.6% compared to the same quarter last year. Proto Labs has set its Q3 2025 guidance at 0.350-0.430 EPS. As a group, sell-side analysts forecast that Proto Labs, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Suresh Krishna purchased 1,725 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $43.51 per share, for a total transaction of $75,054.75. Following the purchase, the chief executive officer owned 18,021 shares in the company, valued at $784,093.71. The trade was a 10.59% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company's stock.

Institutional Trading of Proto Labs

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in shares of Proto Labs by 7,380.0% during the 1st quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company's stock worth $26,000 after acquiring an additional 738 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Proto Labs by 249.4% during the 1st quarter. GAMMA Investing LLC now owns 926 shares of the industrial products company's stock worth $32,000 after acquiring an additional 661 shares in the last quarter. CWM LLC lifted its position in shares of Proto Labs by 50.4% during 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 last quarter. PNC Financial Services Group Inc. lifted its position in shares of Proto Labs by 14.1% during 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 last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Proto Labs by 363.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,806 shares of the industrial products company's stock worth $112,000 after purchasing an additional 2,200 shares during the last quarter. 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.