Proto Labs (NYSE:PRLB) Earns “Overweight” Rating from Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Proto Labs (NYSE:PRLB) in a research report released on Tuesday, Benzinga reports. They currently have a $44.00 price target on the industrial products company’s stock.

A number of other analysts have also recently commented on PRLB. Needham & Company LLC reaffirmed a hold rating on shares of Proto Labs in a research report on Monday, May 6th. Craig Hallum cut their price target on shares of Proto Labs from $38.00 to $34.00 and set a hold rating on the stock in a research report on Monday, May 6th. Finally, Benchmark reaffirmed a buy rating and set a $45.00 price target on shares of Proto Labs in a research report on Wednesday, May 29th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $41.25.

Proto Labs Stock Down 3.6 %

Shares of Proto Labs stock opened at $33.56 on Tuesday. Proto Labs has a twelve month low of $23.01 and a twelve month high of $41.87. The stock has a market cap of $849.74 million, a price-to-earnings ratio of 43.58 and a beta of 1.33. The company’s fifty day moving average is $31.57 and its 200 day moving average is $33.48.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Friday, May 3rd. The industrial products company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. The business had revenue of $127.89 million for the quarter, compared to analysts’ expectations of $123.81 million. Proto Labs had a net margin of 3.92% and a return on equity of 2.88%. As a group, equities analysts anticipate that Proto Labs will post 0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Proto Labs

Several institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its holdings in shares of Proto Labs by 39.8% in the 4th quarter. SG Americas Securities LLC now owns 21,317 shares of the industrial products company’s stock worth $831,000 after acquiring an additional 6,064 shares during the last quarter. Arizona State Retirement System bought a new position in Proto Labs in the 4th quarter valued at about $284,000. International Assets Investment Management LLC lifted its position in Proto Labs by 3,795.7% in the 4th quarter. International Assets Investment Management LLC now owns 896 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 873 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Proto Labs by 38.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,498 shares of the industrial products company’s stock valued at $643,000 after acquiring an additional 4,612 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Proto Labs in the 4th quarter valued at about $503,000. Institutional investors and hedge funds own 84.54% of the company’s stock.

About Proto Labs

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.