Rice Hall James & Associates LLC Buys New Shares in Proto Labs, Inc. $PRLB

Rice Hall James & Associates LLC purchased a new position in shares of Proto Labs, Inc. (NYSE:PRLB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 108,964 shares of the industrial products company’s stock, valued at approximately $8,882,000.

Other large investors also recently bought and sold shares of the company. Group One Trading LLC acquired a new position in shares of Proto Labs in the 4th quarter valued at $25,000. NewEdge Advisors LLC increased its holdings in shares of Proto Labs by 7,380.0% during the 1st quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock worth $26,000 after buying an additional 738 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Proto Labs in the 4th quarter worth $46,000. USA Financial Formulas purchased a new position in shares of Proto Labs in the 1st quarter worth $52,000. Finally, Modus Advisors LLC acquired a new position in Proto Labs in the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 84.54% of the company’s stock.

Analysts Set New Price Targets

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

Proto Labs Trading Down 1.3%

NYSE:PRLB opened at $90.65 on Tuesday. The firm’s fifty day simple moving average is $80.18 and its 200 day simple moving average is $69.51. Proto Labs, Inc. has a twelve month low of $45.10 and a twelve month high of $93.00. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 72.52 and a beta of 1.40.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.07. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%.The firm had revenue of $149.34 million during the quarter, compared to the consensus estimate of $144.53 million. During the same period in the prior year, the firm earned $0.41 EPS. 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, analysts predict that Proto Labs, Inc. will post 1.46 earnings per share for the current year.

Insider Buying and Selling at Proto Labs

In other news, Director Sven Wehrwein sold 2,000 shares of the company’s 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 sale, the director owned 32,505 shares of the company’s stock, valued at $2,511,986.40. This represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

Proto Labs 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.