Posted by admin on Aug 11th, 2022
StockNews.com upgraded shares of Proto Labs (NYSE:PRLB – Get Rating) from a hold rating to a buy rating in a research note issued to investors on Monday.
Separately, Craig Hallum dropped their price objective on Proto Labs from $56.00 to $50.00 in a research note on Monday, May 9th.
Proto Labs stock opened at $46.10 on Monday. The stock has a fifty day moving average price of $47.67 and a two-hundred day moving average price of $49.04. Proto Labs has a 52-week low of $39.36 and a 52-week high of $82.39. The firm has a market capitalization of $1.27 billion, a P/E ratio of 52.39 and a beta of 1.28.
Proto Labs (NYSE:PRLB – Get Rating) last released its quarterly earnings data on Friday, August 5th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.07. Proto Labs had a return on equity of 2.95% and a net margin of 4.88%. The firm had revenue of $126.90 million during the quarter, compared to analyst estimates of $127.28 million. During the same period in the prior year, the company posted $0.47 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that Proto Labs will post 0.63 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in PRLB. Allspring Global Investments Holdings LLC bought a new stake in shares of Proto Labs during the fourth quarter worth $140,000. Yousif Capital Management LLC bought a new stake in shares of Proto Labs during the fourth quarter worth $1,300,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Proto Labs by 34.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,546 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 916 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Proto Labs by 227.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,080 shares of the industrial products company’s stock valued at $54,000 after acquiring an additional 750 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Proto Labs by 34.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,025 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 1,536 shares during the last quarter. Institutional investors own 93.35% of the company’s stock.
Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabrication products, including quick-turn and e-commerce-enabled custom sheet metal parts.
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