Proto Labs (NYSE:PRLB) Sets New 52-Week High – Here’s Why

Proto Labs, Inc. (NYSE:PRLB) hit a new 52-week high on Monday . The company traded as high as $79.48 and last traded at $80.9850, with a volume of 179069 shares traded. The stock had previously closed at $78.94.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings upgraded Proto Labs from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Zacks Research upgraded Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $53.33.

Proto Labs Stock Up 0.4%

The business has a 50 day simple moving average of $69.23 and a 200 day simple moving average of $60.86. The company has a market capitalization of $1.88 billion, a PE ratio of 74.38 and a beta of 1.39.

Proto Labs (NYSE:PRLB) last released its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Proto Labs had a return on equity of 4.15% and a net margin of 4.71%.The company had revenue of $139.34 million during the quarter, compared to analysts’ expectations of $135.31 million. During the same period last year, the business posted $0.33 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Proto Labs has set its Q2 2026 guidance at 0.500-0.580 EPS. Equities analysts expect that Proto Labs, Inc. will post 1.37 EPS for the current fiscal year.

Insider Activity

In other news, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total value of $154,560.00. Following the completion of the transaction, the director directly owned 32,505 shares in the company, valued at $2,511,986.40. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael R. Kenison sold 16,030 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $69.49, for a total value of $1,113,924.70. Following the completion of the transaction, the insider owned 18,683 shares of the company’s stock, valued at approximately $1,298,281.67. The trade was a 46.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 25,663 shares of company stock valued at $1,804,727. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Rubric Capital Management LP grew its holdings in Proto Labs by 791.9% during the second quarter. Rubric Capital Management LP now owns 1,034,171 shares of the industrial products company’s stock worth $41,408,000 after acquiring an additional 918,219 shares during the period. American Capital Management Inc. grew its holdings in Proto Labs by 126.0% during the fourth quarter. American Capital Management Inc. now owns 631,311 shares of the industrial products company’s stock worth $31,938,000 after acquiring an additional 352,015 shares during the period. Auto Owners Insurance Co grew its holdings in Proto Labs by 4,959.0% during the fourth quarter. Auto Owners Insurance Co now owns 227,655 shares of the industrial products company’s stock worth $11,517,000 after acquiring an additional 223,155 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in Proto Labs during the third quarter worth about $6,425,000. Finally, SG Capital Management LLC acquired a new stake in Proto Labs during the third quarter worth about $5,683,000. 84.54% of the stock is currently owned by hedge funds and other institutional investors.

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.