Jupiter Topco LLC bought a new position in Proto Labs, Inc. (NYSE:PRLB – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,216 shares of the industrial products company’s stock, valued at approximately $996,000.
A number of other large investors have also recently added to or reduced their stakes in PRLB. Group One Trading LLC acquired a new position in Proto Labs during the fourth quarter valued at approximately $25,000. NewEdge Advisors LLC lifted its stake 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 buying an additional 738 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Proto Labs during the 1st quarter worth $52,000. Modus Advisors LLC bought a new stake in shares of Proto Labs during the 4th quarter worth $57,000. Finally, Aquatic Capital Management LLC acquired a new position in Proto Labs in the 3rd quarter valued at $64,000. Institutional investors own 84.54% of the company’s stock.
Proto Labs Price Performance
Shares of Proto Labs stock opened at $81.88 on Friday. Proto Labs, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $93.00. The firm has a fifty day moving average price of $80.35 and a two-hundred day moving average price of $71.43. The company has a market cap of $1.96 billion, a PE ratio of 65.50 and a beta of 1.42.
Analyst Ratings Changes
Several research analysts recently commented on PRLB shares. Zacks Research upgraded shares of Proto Labs from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Benchmark lifted their price objective 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 price objective for the company in a research report on Monday, August 3rd. Weiss Ratings upgraded Proto Labs from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. 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 MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $89.00.
Read Our Latest Stock Analysis on Proto Labs
Proto Labs Company 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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