Proto Labs, Inc. (NYSE:PRLB) Given Average Recommendation of “Buy” by Brokerages

Proto Labs, Inc. (NYSE:PRLB) has earned an average recommendation of “Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $53.3333.

Several analysts recently weighed in on PRLB shares. Zacks Research raised Proto Labs from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Weiss Ratings raised Proto Labs from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, Wall Street Zen cut Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Monday, June 15th.

Insider Activity at Proto Labs

In related news, insider Michael R. Kenison sold 16,030 shares of Proto Labs stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $69.49, for a total transaction of $1,113,924.70. Following the completion of the sale, the insider directly owned 18,683 shares of the company’s stock, valued at approximately $1,298,281.67. This trade represents a 46.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sven Wehrwein sold 2,000 shares of Proto Labs stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total value of $154,560.00. Following the sale, the director directly owned 32,505 shares of the company’s stock, valued at approximately $2,511,986.40. The trade was a 5.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 25,663 shares of company stock valued at $1,804,727. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Proto Labs

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC raised its holdings in Proto Labs by 40.8% in the 4th quarter. SG Americas Securities LLC now owns 30,155 shares of the industrial products company’s stock valued at $1,526,000 after acquiring an additional 8,736 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in Proto Labs in the 3rd quarter valued at $6,425,000. Hillsdale Investment Management Inc. raised its holdings in shares of Proto Labs by 10.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 169,584 shares of the industrial products company’s stock worth $8,484,000 after buying an additional 15,960 shares in the last quarter. SG Capital Management LLC acquired a new position in shares of Proto Labs during the 3rd quarter worth $5,683,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Proto Labs by 301.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 87,339 shares of the industrial products company’s stock worth $4,370,000 after buying an additional 65,583 shares in the last quarter. 84.54% of the stock is currently owned by institutional investors and hedge funds.

Proto Labs Stock Up 0.7%

PRLB opened at $81.60 on Tuesday. Proto Labs has a 12-month low of $37.99 and a 12-month high of $83.15. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 76.98 and a beta of 1.39. The business has a 50 day moving average of $70.95 and a 200-day moving average of $61.72.

Proto Labs (NYSE:PRLB) last released its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Proto Labs had a return on equity of 4.15% and a net margin of 4.71%.The company had revenue of $139.34 million during the quarter, compared to analysts’ expectations of $135.31 million. During the same period last year, the firm posted $0.33 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. Proto Labs has set its Q2 2026 guidance at 0.500-0.580 EPS. As a group, analysts expect that Proto Labs will post 1.37 earnings per share for the current year.

Proto Labs Company Profile

Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.

Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.