Proto Labs, Inc. (NYSE:PRLB – Get Free Report)’s stock price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $86.44 and traded as high as $90.97. Proto Labs shares last traded at $89.4420, with a volume of 175,007 shares trading hands.
Key Stories Impacting Proto Labs
Here are the key news stories impacting Proto Labs this week:
- Positive Sentiment: Proto Labs reported third-quarter adjusted earnings of $0.63 per share, above the $0.60 analyst consensus and up from $0.47 a year earlier. Proto Labs Beats Q3 Earnings and Revenue Estimates
- Positive Sentiment: Revenue rose 13.7% year over year to $154.32 million, exceeding the $149.31 million consensus estimate. The results indicate continued demand for the company’s digital manufacturing services. Proto Labs Reports Third-Quarter Financial Results
- Positive Sentiment: Management raised its full-year 2026 earnings guidance, providing a favorable signal regarding expected profitability. Proto Labs Raises Full-Year 2026 Earnings Guidance
- Neutral Sentiment: Proto Labs forecast fourth-quarter revenue of approximately $143 million to $151 million. While described as encouraging, the range will be compared with investors’ expectations for the company’s growth trajectory. Proto Labs Fourth-Quarter Revenue Outlook
- Negative Sentiment: Despite the earnings and revenue beats and higher full-year guidance, the stock decreased in heavy trading. The reaction suggests investors may have viewed the outlook as insufficient relative to elevated expectations and valuation, or may have taken profits after the results.
Analysts Set New Price Targets
PRLB has been the topic of a number of research analyst reports. Weiss Ratings raised Proto Labs from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, October 16th. Zacks Research cut shares of Proto Labs from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Benchmark upped their price objective on shares of Proto Labs from $70.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Proto Labs in a research report on Tuesday. Finally, Wall Street Zen cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Proto Labs currently has a consensus rating of “Moderate Buy” and an average price target of $100.50.
Read Our Latest Research Report on PRLB
Proto Labs Stock Performance
The company has a market cap of $1.85 billion, a P/E ratio of 61.98 and a beta of 1.38. The stock has a 50 day moving average price of $86.47 and a 200 day moving average price of $73.01.
Proto Labs (NYSE:PRLB – Get Free Report) last announced its earnings results on Thursday, October 29th. The industrial products company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $154.32 million during the quarter, compared to analysts’ expectations of $149.31 million. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. As a group, equities research analysts predict that Proto Labs, Inc. 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 company’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 transaction, the chief financial officer owned 35,019 shares of the company’s stock, valued at approximately $3,338,011.08. This represents a 12.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,000 shares of company stock valued at $902,629 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Proto Labs
Several large investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC purchased a new stake in Proto Labs in the 2nd quarter worth about $8,882,000. Bank of America Corp DE bought a new stake in Proto Labs in the second quarter worth $10,270,000. Quantinno Capital Management LP increased its position in Proto Labs by 98.9% during the first quarter. Quantinno Capital Management LP now owns 27,716 shares of the industrial products company’s stock worth $1,580,000 after buying an additional 13,781 shares during the last quarter. BlackRock Inc. acquired a new position in Proto Labs during the second quarter worth $317,581,000. Finally, State of Wyoming bought a new position in Proto Labs during the second quarter valued at about $1,334,000. 84.54% of the stock is owned by institutional investors.
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.
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