Proto Labs (NYSE:PRLB) Rating Increased to Strong-Buy at Zacks Research

by · The Cerbat Gem

Proto Labs (NYSE:PRLB – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Benchmark boosted their price target on Proto Labs from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Proto Labs in a research note on Wednesday, October 8th. Craig Hallum upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Proto Labs from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Finally, Cantor Fitzgerald upped their price objective on shares of Proto Labs from $50.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

Read Our Latest Research Report on Proto Labs

Proto Labs Trading Down 2.5%

Shares of NYSE:PRLB opened at $48.57 on Wednesday. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 80.94 and a beta of 1.23. Proto Labs has a 1 year low of $29.58 and a 1 year high of $55.90. The business has a fifty day simple moving average of $50.84 and a 200 day simple moving average of $44.20.

Proto Labs (NYSE:PRLB – Get Free Report) last issued its earnings results on Friday, October 31st. The industrial products company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. Proto Labs had a return on equity of 2.22% and a net margin of 2.91%.The firm had revenue of $135.37 million for the quarter, compared to the consensus estimate of $133.83 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Proto Labs has set its Q4 2025 guidance at 0.300-0.380 EPS. On average, sell-side analysts forecast that Proto Labs will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Proto Labs

Several hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in shares of Proto Labs by 7,380.0% in the first quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 738 shares during the last quarter. GAMMA Investing LLC raised its stake in Proto Labs by 249.4% during the 1st quarter. GAMMA Investing LLC now owns 926 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 661 shares during the last quarter. CWM LLC boosted its holdings in Proto Labs by 50.4% in the 1st quarter. CWM LLC now owns 1,840 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 617 shares during the period. PNC Financial Services Group Inc. grew its position in Proto Labs by 14.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,165 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 267 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Proto Labs in the 1st quarter worth $99,000. 84.54% of the stock is owned by institutional investors.

Proto Labs Company Profile

(Get Free Report)

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.

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