Proto Labs (NYSE:PRLB) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Proto Labs (NYSE:PRLB) in a research note released on Monday, Benzinga reports.

Separately, StockNews.com upgraded Proto Labs from a buy rating to a strong-buy rating in a research note on Friday, February 2nd.

Proto Labs Stock Performance

Shares of PRLB stock opened at $32.29 on Monday. The firm has a market cap of $817.45 million, a price-to-earnings ratio of 41.94 and a beta of 1.36. Proto Labs has a 52 week low of $23.01 and a 52 week high of $41.87. The firm’s 50-day simple moving average is $33.58 and its two-hundred day simple moving average is $34.82.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Friday, February 9th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Proto Labs had a return on equity of 2.88% and a net margin of 3.92%. The company had revenue of $125.10 million during the quarter, compared to the consensus estimate of $122.81 million. During the same period last year, the firm posted ($4.24) EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Analysts forecast that Proto Labs will post 0.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Illinois Municipal Retirement Fund bought a new stake in shares of Proto Labs during the third quarter valued at about $419,000. Jump Financial LLC increased its holdings in Proto Labs by 1.9% during the 3rd quarter. Jump Financial LLC now owns 18,333 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 342 shares during the period. Quantbot Technologies LP lifted its stake in Proto Labs by 185.0% in the 3rd quarter. Quantbot Technologies LP now owns 13,679 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 8,879 shares in the last quarter. Swiss National Bank boosted its holdings in Proto Labs by 0.9% in the 3rd quarter. Swiss National Bank now owns 57,600 shares of the industrial products company’s stock valued at $1,521,000 after purchasing an additional 500 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Proto Labs by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,196 shares of the industrial products company’s stock valued at $10,169,000 after purchasing an additional 18,372 shares in the last quarter. 84.54% of the stock is currently owned by hedge funds and other institutional investors.

About Proto Labs

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.