Shares of Proto Labs, Inc. (NYSE:PRLB - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.27 and traded as high as $50.68. Proto Labs shares last traded at $49.66, with a volume of 174,300 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on PRLB shares. Craig Hallum raised 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. Wall Street Zen raised shares of Proto Labs from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a "hold (c-)" rating on shares of Proto Labs in a research note on Saturday, September 27th. Finally, Cantor Fitzgerald raised their target price on shares of Proto Labs from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Proto Labs presently has a consensus rating of "Moderate Buy" and an average target price of $52.50.
View Our Latest Research Report on Proto Labs
Proto Labs Trading Down 0.4%
The stock has a market cap of $1.19 billion, a PE ratio of 82.77 and a beta of 1.24. The company's 50 day moving average is $48.21 and its 200-day moving average is $41.27.
Proto Labs (NYSE:PRLB - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. Proto Labs had a net margin of 2.91% and a return on equity of 2.22%. 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 firm posted $0.38 EPS. The firm's quarterly 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. As a group, analysts forecast that Proto Labs, Inc. will post 0.81 EPS for the current year.
Insiders Place Their Bets
In related news, CEO Suresh Krishna acquired 1,725 shares of the firm's stock in a transaction on Monday, August 4th. The stock was bought at an average cost of $43.51 per share, with a total value of $75,054.75. Following the acquisition, the chief executive officer directly owned 18,021 shares in the company, valued at approximately $784,093.71. The trade was a 10.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its holdings in 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 grew its holdings in 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 grew its holdings in 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 acquiring an additional 617 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in 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 acquiring an additional 267 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in 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 acquiring an additional 2,200 shares in the last quarter. 84.54% of the stock is owned by institutional investors and hedge funds.
Proto Labs Company Profile
(
Get 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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