Proto Labs (NYSE:PRLB) Stock Rating Upgraded by 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 note issued to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings raised Proto Labs from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $53.33.

Proto Labs Price Performance

PRLB opened at $70.98 on Monday. The business has a 50 day simple moving average of $61.02 and a 200-day simple moving average of $56.63. The stock has a market capitalization of $1.69 billion, a P/E ratio of 66.96 and a beta of 1.36. Proto Labs has a 12 month low of $36.15 and a 12 month high of $71.55.

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

Institutional Trading of Proto Labs

Several hedge funds have recently modified their holdings of the business. Group One Trading LLC purchased a new position in Proto Labs in the 4th quarter valued at approximately $25,000. NewEdge Advisors LLC increased its stake in Proto Labs by 7,380.0% in the 1st quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 738 shares in the last quarter. NBC Securities Inc. purchased a new position in Proto Labs in the 4th quarter valued at approximately $46,000. Modus Advisors LLC purchased a new position in Proto Labs in the 4th quarter valued at approximately $57,000. Finally, Aquatic Capital Management LLC purchased a new position in Proto Labs in the 3rd quarter valued at approximately $64,000. 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.