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

Proto Labs, Inc. (NYSE:PRLB) shares hit a new 52-week high on Friday. The stock traded as high as $95.99 and last traded at $93.0650, with a volume of 469634 shares. The stock had previously closed at $89.13.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PRLB shares. Wall Street Zen lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Zacks Research raised Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Needham & Company LLC upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Monday, August 3rd. Benchmark lifted their target price on Proto Labs from $70.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings lowered Proto Labs from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $89.00.

Proto Labs Trading Up 3.5%

The company has a market cap of $2.30 billion, a price-to-earnings ratio of 76.95 and a beta of 1.42. The company’s 50 day moving average price is $82.85 and its 200 day moving average price is $73.70.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. The business had revenue of $149.34 million for the quarter, compared to analyst estimates of $144.53 million. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. Sell-side analysts predict that Proto Labs, Inc. will post 1.46 earnings per share for the current year.

Insider Activity

In other news, CFO Daniel Schumacher sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $95.32, for a total transaction of $476,600.00. Following the completion of the transaction, the chief financial officer directly owned 35,019 shares of the company’s stock, valued at approximately $3,338,011.08. This represents a 12.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 10,000 shares of company stock worth $902,629. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PRLB. Engineers Gate Manager LP lifted its holdings in Proto Labs by 84.7% in the second quarter. Engineers Gate Manager LP now owns 26,780 shares of the industrial products company’s stock valued at $2,183,000 after acquiring an additional 12,280 shares during the period. Corient Private Wealth LP increased its holdings in shares of Proto Labs by 16.1% in the 2nd quarter. Corient Private Wealth LP now owns 12,427 shares of the industrial products company’s stock valued at $1,013,000 after purchasing an additional 1,723 shares in the last quarter. Angeles Wealth Management LLC increased its holdings in shares of Proto Labs by 12.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 5,045 shares of the industrial products company’s stock valued at $411,000 after purchasing an additional 555 shares in the last quarter. Turner Financial Group Inc. acquired a new stake in shares of Proto Labs in the second quarter valued at about $395,000. Finally, Susquehanna Fundamental Investments LLC lifted its stake in shares of Proto Labs by 227.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 33,760 shares of the industrial products company’s stock valued at $2,752,000 after purchasing an additional 23,435 shares during the period. Institutional investors and hedge funds own 84.54% of the company’s stock.

About Proto Labs

Proto Labs, Inc (NYSE: PRLB), doing business as Protolabs, is a digital manufacturing company that provides rapid prototyping and on-demand production services. Its platform enables engineers and product developers to upload three-dimensional computer-aided design files, receive automated design analyses and quotes, and order custom parts through a streamlined online process.

The company offers computer numerical control machining, injection molding, 3D printing and sheet-metal fabrication.