Posted by admin on Jul 22nd, 2022

Hardy Reed LLC purchased a new position in shares of Proto Labs, Inc. (NYSE:PRLB – Get Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 576 shares of the industrial products company’s stock, valued at approximately $30,000.

Other institutional investors have also modified their holdings of the company. Antonetti Capital Management LLC boosted its stake in shares of Proto Labs by 84.5% during the 4th quarter. Antonetti Capital Management LLC now owns 524 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 240 shares in the last quarter. Signaturefd LLC raised its position in shares of Proto Labs by 1,680.6% during the 4th quarter. Signaturefd LLC now owns 552 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 521 shares during the last quarter. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Proto Labs during the 4th quarter worth approximately $28,000. Concord Wealth Partners raised its position in shares of Proto Labs by 129.3% during the 4th quarter. Concord Wealth Partners now owns 633 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 357 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Proto Labs by 227.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,080 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 93.35% of the company’s stock.

PRLB stock opened at $49.23 on Friday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 39.07 and a beta of 1.34. The business has a fifty day simple moving average of $46.90 and a 200-day simple moving average of $49.34. Proto Labs, Inc. has a 52 week low of $39.36 and a 52 week high of $87.61.

Proto Labs (NYSE:PRLB – Get Rating) last released its quarterly earnings data on Friday, May 6th. The industrial products company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.07. Proto Labs had a return on equity of 4.19% and a net margin of 7.01%. The business had revenue of $124.20 million during the quarter, compared to the consensus estimate of $122.03 million. During the same period in the prior year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, analysts expect that Proto Labs, Inc. will post 0.63 earnings per share for the current fiscal year.

Several research analysts have weighed in on PRLB shares. StockNews.com started coverage on Proto Labs in a report on Thursday, March 31st. They issued a “hold” rating for the company. Craig Hallum cut their price target on Proto Labs from $56.00 to $50.00 in a report on Monday, May 9th.

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.

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