Proto Labs (NYSE:PRLB) Sets New 1-Year High – Here’s What Happened

Proto Labs, Inc. (NYSE:PRLB) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $69.00 and last traded at $67.63, with a volume of 2414 shares changing hands. The stock had previously closed at $67.69.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Proto Labs from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Zacks Research downgraded shares of Proto Labs from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

Proto Labs Stock Up 0.5%

The stock has a 50-day moving average of $60.55 and a 200 day moving average of $56.28. The stock has a market cap of $1.63 billion, a PE ratio of 64.60 and a beta of 1.36.

Proto Labs (NYSE:PRLB) last issued its earnings results on Friday, May 1st. The industrial products company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. The firm had revenue of $139.34 million for the quarter, compared to analyst estimates of $135.31 million. Proto Labs had a return on equity of 4.15% and a net margin of 4.71%.Proto Labs’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 earnings per share. Proto Labs has set its Q2 2026 guidance at 0.500-0.580 EPS. On average, equities analysts anticipate that Proto Labs, Inc. will post 1.22 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of Proto Labs by 51.3% during the 1st quarter. Royal Bank of Canada now owns 6,510 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 2,207 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Proto Labs by 3.3% during the first quarter. AQR Capital Management LLC now owns 63,871 shares of the industrial products company’s stock worth $2,238,000 after buying an additional 2,040 shares in the last quarter. NewEdge Advisors LLC grew its position in Proto Labs by 7,380.0% during the first quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock valued at $26,000 after buying an additional 738 shares during the period. JPMorgan Chase & Co. increased its holdings in Proto Labs by 68.8% in the second quarter. JPMorgan Chase & Co. now owns 21,756 shares of the industrial products company’s stock valued at $871,000 after buying an additional 8,864 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Proto Labs in the second quarter valued at $480,000. 84.54% of the stock is owned by institutional investors and hedge funds.

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.