Susquehanna Fundamental Investments LLC raised its position in Proto Labs, Inc. (NYSE:PRLB – Free Report) by 227.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 33,760 shares of the industrial products company’s stock after acquiring an additional 23,435 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Proto Labs were worth $2,752,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of PRLB. Royal Bank of Canada grew its stake in shares of Proto Labs by 51.3% during the 1st quarter. Royal Bank of Canada now owns 6,510 shares of the industrial products company’s stock worth $228,000 after acquiring an additional 2,207 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Proto Labs by 3.3% in the first quarter. AQR Capital Management LLC now owns 63,871 shares of the industrial products company’s stock worth $2,238,000 after purchasing an additional 2,040 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Proto Labs by 7,380.0% in the first quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 738 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Proto Labs by 68.8% during the second quarter. JPMorgan Chase & Co. now owns 21,756 shares of the industrial products company’s stock worth $871,000 after purchasing an additional 8,864 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Proto Labs during the second quarter worth $480,000. Institutional investors and hedge funds own 84.54% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on PRLB. Needham & Company LLC raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Monday, August 3rd. Zacks Research upgraded shares of Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Benchmark raised their price objective on Proto Labs from $70.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Weiss Ratings cut Proto Labs from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $89.00.
Proto Labs Trading Up 0.4%
NYSE:PRLB opened at $80.04 on Tuesday. Proto Labs, Inc. has a 1-year low of $45.10 and a 1-year high of $93.00. The firm has a fifty day simple moving average of $80.40 and a 200 day simple moving average of $71.11. The stock has a market capitalization of $1.91 billion, a PE ratio of 64.03 and a beta of 1.40.
Proto Labs (NYSE:PRLB – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.07. The firm had revenue of $149.34 million for the quarter, compared to analyst estimates of $144.53 million. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. On average, equities analysts predict that Proto Labs, Inc. will post 1.46 earnings per share for the current fiscal year.
Proto Labs Profile
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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