Proto Labs (NYSE:PRLB) Reaches New 52-Week High – What’s Next?

Proto Labs, Inc. (NYSE:PRLB)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $92.17 and last traded at $91.08, with a volume of 10843 shares changing hands. The stock had previously closed at $90.45.

Analyst Upgrades and Downgrades

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

Proto Labs Trading Up 0.3%

The company has a market cap of $2.17 billion, a PE ratio of 72.58 and a beta of 1.40. The firm has a 50 day moving average of $78.84 and a two-hundred day moving average of $68.44.

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

Insider Buying and Selling at Proto Labs

In other news, Director Sven Wehrwein sold 2,000 shares of Proto Labs stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total value of $154,560.00. Following the completion of the transaction, the director owned 32,505 shares of the company’s stock, valued at $2,511,986.40. The trade was a 5.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Trading of Proto Labs

Institutional investors and hedge funds have recently bought and sold shares of the company. Group One Trading LLC purchased a new position in Proto Labs in the fourth quarter worth about $25,000. NewEdge Advisors LLC increased its position in shares of Proto Labs by 7,380.0% during the first quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 738 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Proto Labs during the fourth quarter valued at approximately $46,000. USA Financial Formulas purchased a new position in Proto Labs in the 1st quarter worth approximately $52,000. Finally, Modus Advisors LLC purchased a new position in Proto Labs in the 4th quarter worth approximately $57,000. 84.54% of the stock is currently owned by institutional investors.

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.