Proto Labs (NYSE:PRLB) Raised to “Strong-Buy” at Zacks Research

Proto Labs (NYSE:PRLB) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Wall Street Zen raised shares of Proto Labs from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 2nd. Benchmark boosted their price objective on shares of Proto Labs from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Proto Labs in a report on Wednesday, October 8th. Craig Hallum raised Proto Labs from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Friday, August 1st. Finally, Cantor Fitzgerald upped their price target on Proto Labs from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Proto Labs presently has an average rating of “Moderate Buy” and a consensus price target of $53.33.

Proto Labs Stock Down 2.5%

Proto Labs stock opened at $48.57 on Wednesday. The firm has a fifty day simple moving average of $50.84 and a two-hundred day simple moving average of $44.20. Proto Labs has a twelve month low of $29.58 and a twelve month high of $55.90. The company has a market capitalization of $1.15 billion, a PE ratio of 80.94 and a beta of 1.23.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings data on Friday, October 31st. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. Proto Labs had a return on equity of 2.22% and a net margin of 2.91%.The firm had revenue of $135.37 million for the quarter, compared to analysts’ expectations of $133.83 million. During the same period last year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Proto Labs has set its Q4 2025 guidance at 0.300-0.380 EPS. As a group, equities analysts expect that Proto Labs will post 0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Proto Labs

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in 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 purchasing an additional 738 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Proto Labs by 249.4% in the 1st quarter. GAMMA Investing LLC now owns 926 shares of the industrial products company’s stock worth $32,000 after buying an additional 661 shares during the period. CWM LLC increased its stake in shares of Proto Labs by 50.4% in the 1st quarter. CWM LLC now owns 1,840 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 617 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Proto Labs by 14.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,165 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 267 shares during the period. Finally, State of Wyoming bought a new stake in Proto Labs during the first quarter worth about $99,000. 84.54% of the stock is currently owned by institutional investors.

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.