Proto Labs (NYSE:PRLB) Trading Up 6.3% – What’s Next?

Proto Labs, Inc. (NYSE:PRLB) shot up 6.3% during mid-day trading on Wednesday . The stock traded as high as $85.00 and last traded at $84.0790. Approximately 144,582 shares changed hands during trading, a decline of 25% from the average session volume of 192,725 shares. The stock had previously closed at $79.09.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Zacks Research raised shares of Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Benchmark upped their target price on Proto Labs from $70.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Needham & Company LLC raised Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Monday, August 3rd. Wall Street Zen lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Weiss Ratings raised Proto Labs from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $89.00.

Proto Labs Trading Up 6.3%

The company’s 50-day simple moving average is $80.70 and its 200-day simple moving average is $72.23. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 67.37 and a beta of 1.42.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.07. The company had revenue of $149.34 million for the quarter, compared to analysts’ expectations of $144.53 million. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. Proto Labs’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous 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 research analysts expect that Proto Labs, Inc. will post 1.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rice Hall James & Associates LLC acquired a new position in shares of Proto Labs during the second quarter valued at about $8,882,000. Quantinno Capital Management LP lifted its position in Proto Labs by 98.9% in the 1st quarter. Quantinno Capital Management LP now owns 27,716 shares of the industrial products company’s stock valued at $1,580,000 after acquiring an additional 13,781 shares in the last quarter. BlackRock Inc. acquired a new position in Proto Labs during the 2nd quarter valued at about $317,581,000. State of Wyoming bought a new stake in Proto Labs during the 2nd quarter worth approximately $1,334,000. Finally, American Capital Management Inc. purchased a new stake in shares of Proto Labs in the second quarter worth approximately $50,524,000. Institutional investors and hedge funds own 84.54% of the company’s stock.

About Proto Labs

Proto Labs, Inc (NYSE: PRLB), doing business as Protolabs, is a digital manufacturing company that provides rapid prototyping and on-demand production services. Its platform enables engineers and product developers to upload three-dimensional computer-aided design files, receive automated design analyses and quotes, and order custom parts through a streamlined online process.

The company offers computer numerical control machining, injection molding, 3D printing and sheet-metal fabrication.