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Proto Labs (NYSE:PRLB - Get Rating) had its price objective lowered by equities researchers at Craig Hallum to $42.00 in a note issued to investors on Tuesday, Stock Target Advisor reports. Craig Hallum's price objective would indicate a potential downside of 5.58% from the company's previous close.

Separately, StockNews.com raised Proto Labs from a "hold" rating to a "buy" rating in a research note on Monday.Proto Labs Stock Performance

Shares of NYSE PRLB traded down $2.10 during trading hours on Tuesday, hitting $44.48. The stock had a trading volume of 4,160 shares, compared to its average volume of 140,233. The company has a market capitalization of $1.22 billion, a P/E ratio of 50.70 and a beta of 1.28. The firm's 50-day moving average price is $47.77 and its two-hundred day moving average price is $49.09. Proto Labs has a 52 week low of $39.36 and a 52 week high of $82.98.

Proto Labs (NYSE:PRLB - Get Rating) last announced its quarterly earnings results on Friday, August 5th. The industrial products company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.39 by $0.07. The business had revenue of $126.90 million during the quarter, compared to analysts' expectations of $127.28 million. Proto Labs had a return on equity of 2.95% and a net margin of 4.88%. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. As a group, analysts expect that Proto Labs will post 0.63 EPS for the current fiscal year. Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Proto Labs by 5.1% during the first quarter. Vanguard Group Inc. now owns 2,848,640 shares of the industrial products company's stock valued at $150,693,000 after purchasing an additional 137,885 shares during the period. Disciplined Growth Investors Inc. MN increased its position in shares of Proto Labs by 3.9% during the first quarter. Disciplined Growth Investors Inc. MN now owns 1,860,976 shares of the industrial products company's stock valued at $98,446,000 after purchasing an additional 69,043 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Proto Labs by 11.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,076,037 shares of the industrial products company's stock valued at $51,478,000 after purchasing an additional 111,440 shares during the period. Nikko Asset Management Americas Inc. increased its position in shares of Proto Labs by 11.6% during the second quarter. Nikko Asset Management Americas Inc. now owns 1,076,037 shares of the industrial products company's stock valued at $43,041,000 after purchasing an additional 111,440 shares during the period. Finally, State Street Corp increased its position in shares of Proto Labs by 3.7% during the first quarter. State Street Corp now owns 1,035,329 shares of the industrial products company's stock valued at $54,769,000 after purchasing an additional 37,314 shares during the period. 93.35% of the stock is currently owned by institutional investors and hedge funds. Proto Labs Company Profile (Get Rating)

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabrication products, including quick-turn and e-commerce-enabled custom sheet metal parts.Featured ArticlesGet a free copy of the StockNews.com research report on Proto Labs (PRLB)Are Medtronic And Intuitive Surgical Poised For Big Growth? Ralph Lauren Is A Retail Stock You Can Buy And HoldInsider Sales At Cloudflare Are No Worry For Investors Home Depot, Lowe's On Track To Grow 2022 Earnings Could Smaller be Better for Investors in Norwegian Cruise Lines?

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