Proto Labs, Inc. (NYSE:PRLB – Get Free Report)’s share price reached a new 52-week high during trading on Friday following a better than expected earnings announcement. The stock traded as high as $59.00 and last traded at $62.0250, with a volume of 40990 shares changing hands. The stock had previously closed at $52.48.
The industrial products company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. The business had revenue of $136.49 million during the quarter, compared to analyst estimates of $129.07 million. Proto Labs had a return on equity of 2.23% and a net margin of 2.86%.The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. Proto Labs has set its Q1 2026 guidance at 0.360-0.440 EPS.
Wall Street Analysts Forecast Growth
PRLB has been the topic of several research analyst reports. Benchmark raised their target price on Proto Labs from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Zacks Research cut shares of Proto Labs from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Proto Labs in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.33.
Insider Activity
In other Proto Labs news, insider Michael R. Kenison sold 3,048 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.17, for a total transaction of $152,918.16. Following the completion of the sale, the insider directly owned 28,898 shares of the company’s stock, valued at approximately $1,449,812.66. This trade represents a 9.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Proto Labs
Several hedge funds and other institutional investors have recently bought and sold shares of PRLB. NewEdge Advisors LLC increased 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 valued at $26,000 after acquiring an additional 738 shares in the last quarter. NBC Securities Inc. acquired a new position in Proto Labs in the fourth quarter valued at $46,000. Aquatic Capital Management LLC acquired a new position in Proto Labs during the third quarter valued at approximately $64,000. CWM LLC lifted its stake in shares of Proto Labs by 80.8% during the third quarter. CWM LLC now owns 2,589 shares of the industrial products company’s stock worth $130,000 after purchasing an additional 1,157 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Proto Labs by 363.0% during the second 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 in the last quarter. 84.54% of the stock is owned by institutional investors and hedge funds.
Proto Labs Stock Up 15.7%
The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 99.66 and a beta of 1.24. The company has a 50 day moving average of $52.76 and a 200 day moving average of $50.17.
About Proto Labs
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.
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