Proto Labs - PRLB Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Proto Labs in the last twelve months. There are currently 1 sell rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PRLB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PRLB, but not buy additional shares or sell existing shares.
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3 brokers have issued 1-year price targets for Proto Labs' stock. Their PRLB share price forecasts range from $25.00 to $45.00. On average, they expect the company's stock price to reach $36.67 in the next twelve months. This suggests a possible upside of 16.0% from the stock's current price.
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Proto Labs' stock was trading at $25.53 at the beginning of the year. Since then, PRLB stock has increased by 23.8% and is now trading at $31.60.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
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Proto Labs, Inc. (NYSE:PRLB) released its earnings results on Thursday, October, 28th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.08. The industrial products company earned $125.34 million during the quarter, compared to the consensus estimate of $127.32 million. Proto Labs had a negative net margin of 21.18% and a negative trailing twelve-month return on equity of 13.09%. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS.

ETFs with the largest weight of Proto Labs (NYSE:PRLB) stock in their portfolio include 3D Printing ETF (PRNT), First Trust RBA American Industrial RenaissanceTM ETF (AIRR), Cultivar ETF (CVAR), Pacer BlueStar Engineering the Future ETF (BULD), Gabelli Automation ETF (GAST), ALPS Disruptive Technologies ETF (DTEC), Roundhill Acquirers Deep Value ETF (DEEP) and iShares Robotics and Artificial Intelligence Multisector ETF (IRBO).

Proto Labs updated its first quarter 2023 earnings guidance on Tuesday, February, 14th. The company provided earnings per share (EPS) guidance of $0.18-$0.26 for the period, compared to the consensus EPS estimate of $0.22. The company issued revenue guidance of $114.00 million-$122.00 million, compared to the consensus revenue estimate of $113.53 million.

90 employees have rated Proto Labs Chief Executive Officer Victoria Holt on Glassdoor.com. Victoria Holt has an approval rating of 97% among the company's employees. This puts Victoria Holt in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Proto Labs investors own include NVIDIA (NVDA), Tesla (TSLA), Brainstorm Cell Therapeutics (BCLI), Netflix (NFLX), Gilead Sciences (GILD), QUALCOMM (QCOM), Xilinx (XLNX), Advanced Micro Devices (AMD), Walt Disney (DIS) and Block (SQ).

Proto Labs trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRLB."

Proto Labs' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (2.92%), Morgan Stanley (2.15%), Geode Capital Management LLC (1.82%), Schroder Investment Management Group (1.82%), Sumitomo Mitsui Trust Holdings Inc. (1.72%) and Nikko Asset Management Americas Inc. (1.72%). Insiders that own company stock include Arthur R Baker III, John B Goodman, Rainer Gawlick, Robert Bodor, Sven Wehrwein and Victoria M Holt.
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Shares of PRLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PRLB stock can currently be purchased for approximately $31.60.

Proto Labs (NYSE:PRLB) has a market capitalization of $843.09 million and generates $488.40 million in revenue each year. The industrial products company earns $-103,460,000.00 in net income (profit) each year or ($3.82) on an earnings per share basis.

The company employs 2,568 workers across the globe.

Proto Labs' mailing address is 5540 Pioneer Creek Drive, Maple Plain MN, 55359. The official website for the company is www.protolabs.com. The industrial products company can be reached via phone at (763) 479-3680, via email at daniel.schumacher@protolabs.com, or via fax at 763-479-2679.