Jupiter Topco LLC acquired a new position in shares of Proto Labs, Inc. (NYSE:PRLB – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,216 shares of the industrial products company’s stock, valued at approximately $996,000. Jupiter Topco LLC owned 0.05% of Proto Labs at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of PRLB. Hsbc Holdings PLC acquired a new position in shares of Proto Labs in the 2nd quarter valued at about $2,005,000. Canada Pension Plan Investment Board purchased a new position in Proto Labs during the second quarter valued at approximately $774,000. Legal & General Group Plc purchased a new position in Proto Labs during the second quarter valued at approximately $4,625,000. The Manufacturers Life Insurance Company acquired a new position in Proto Labs in the 2nd quarter valued at approximately $761,000. Finally, S Squared Technology LLC acquired a new position in Proto Labs in the 2nd quarter valued at approximately $23,484,661. Hedge funds and other institutional investors own 84.54% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on PRLB. Wall Street Zen lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Zacks Research raised shares of 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 price objective for the company in a report on Monday, August 3rd. Weiss Ratings upgraded Proto Labs from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Finally, Benchmark upped their target price on Proto Labs from $70.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, Proto Labs has a consensus rating of “Buy” and a consensus price target of $89.00.
Proto Labs Stock Up 3.0%
PRLB stock opened at $81.88 on Friday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 65.50 and a beta of 1.42. Proto Labs, Inc. has a 12 month low of $45.10 and a 12 month high of $93.00. The firm has a 50 day moving average of $80.35 and a two-hundred day moving average of $71.43.
Proto Labs (NYSE:PRLB – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The business had revenue of $149.34 million for the quarter, compared to the consensus estimate of $144.53 million. During the same quarter last year, the firm earned $0.41 EPS. Proto Labs’s revenue for the quarter was up 10.5% on a year-over-year basis. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. On average, research analysts expect that Proto Labs, Inc. will post 1.46 EPS for the current fiscal year.
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.
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