Proto Labs (NYSE:PRLB) Shares Up 6.3% – Here’s Why

Proto Labs, Inc. (NYSE:PRLB)’s stock price rose 6.3% during trading on Wednesday . The stock traded as high as $85.00 and last traded at $84.0790. 144,582 shares changed hands during trading, a decline of 25% from the average daily volume of 192,725 shares. The stock had previously closed at $79.09.

Wall Street Analyst Weigh In

PRLB has been the topic of several research reports. Zacks Research upgraded Proto Labs from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Weiss Ratings raised Proto Labs from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 3rd. Needham & Company LLC upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Monday, August 3rd. Wall Street Zen downgraded Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, 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. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $89.00.

Proto Labs Trading Up 4.1%

The firm’s fifty day simple moving average is $81.14 and its two-hundred day simple moving average is $72.55. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 69.33 and a beta of 1.42.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. The business had revenue of $149.34 million during the quarter, compared to the consensus estimate of $144.53 million. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. As a group, analysts forecast that Proto Labs, Inc. will post 1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Proto Labs

Several large investors have recently modified their holdings of the business. Illinois Municipal Retirement Fund lifted its holdings in shares of Proto Labs by 2.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,871 shares of the industrial products company’s stock valued at $734,000 after purchasing an additional 300 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Proto Labs during the second quarter worth approximately $37,000. Angeles Wealth Management LLC increased its position in Proto Labs by 12.4% during the second quarter. Angeles Wealth Management LLC now owns 5,045 shares of the industrial products company’s stock worth $411,000 after buying an additional 555 shares during the period. USA Financial Formulas purchased a new stake in Proto Labs in the first quarter valued at approximately $52,000. Finally, Modus Advisors LLC purchased a new stake in Proto Labs in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 84.54% of the company’s stock.

Proto Labs Company Profile

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.