Proto Labs (NYSE:PRLB) Stock Gets Price Target Increase from Needham & Company LLC

Proto Labs (NYSE:PRLB) had its price objective lifted by Needham & Company LLC from $87.00 to $110.00 in a research note issued on Friday, MarketBeat reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Needham & Company LLC‘s target price points to a potential upside of 30.33% from the company’s current price.

A number of other analysts have also issued reports on the company. Benchmark lifted their price target on Proto Labs from $70.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Zacks Research downgraded Proto Labs from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Weiss Ratings raised Proto Labs from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, October 16th. Finally, Wall Street Zen lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Proto Labs presently has an average rating of “Moderate Buy” and an average price target of $100.50.

Proto Labs Price Performance

PRLB stock opened at $84.40 on Friday. The firm’s fifty day simple moving average is $86.50 and its 200-day simple moving average is $78.52. The company has a market capitalization of $2.02 billion, a P/E ratio of 67.52 and a beta of 1.38. Proto Labs has a 12 month low of $45.10 and a 12 month high of $99.96.

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

Insider Activity

In other Proto Labs news, CFO Daniel Schumacher sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $95.32, for a total value of $476,600.00. Following the completion of the sale, the chief financial officer directly owned 35,019 shares of the company’s stock, valued at $3,338,011.08. This trade represents a 12.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 10,000 shares of company stock valued at $902,629. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PRLB. Inspire Investing LLC purchased a new position in shares of Proto Labs during the 3rd quarter worth approximately $627,000. T3 Companies LLC purchased a new stake in Proto Labs in the third quarter valued at approximately $275,000. Nisa Investment Advisors LLC raised its position in Proto Labs by 51.5% in the third quarter. Nisa Investment Advisors LLC now owns 3,814 shares of the industrial products company’s stock valued at $362,000 after purchasing an additional 1,297 shares during the period. Abel Hall LLC purchased a new stake in Proto Labs in the third quarter valued at approximately $223,000. Finally, Fortitude Family Office LLC acquired a new position in Proto Labs during the third quarter worth $40,000. 84.54% of the stock is currently owned by institutional investors and hedge funds.

About Proto Labs

Proto Labs, Inc (NYSE: PRLB), operating as Protolabs, is a digital manufacturing company that provides rapid prototyping and on-demand production services. The company uses automated quoting and manufacturing systems to help engineers and product developers produce custom parts without relying on traditional, lengthy tooling and procurement processes.

Protolabs offers computer numerical control (CNC) machining, injection molding, 3D printing and sheet-metal fabrication. Its services support the development and production of components in a range of materials and are used across industries including automotive, aerospace, medical, electronics and consumer products.

Founded in 1999 by entrepreneur Larry Lukis, the company has expanded its reach beyond its original U.S.