Proto Labs (NYSE:PRLB) Rating Reiterated by Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Proto Labs (NYSE:PRLB) in a research note published on Monday, Benzinga reports.

Separately, StockNews.com raised Proto Labs from a buy rating to a strong-buy rating in a research report on Friday, February 2nd.

Proto Labs Price Performance

Proto Labs stock opened at $31.70 on Monday. Proto Labs has a fifty-two week low of $23.01 and a fifty-two week high of $41.87. The firm has a market capitalization of $802.52 million, a price-to-earnings ratio of 41.17 and a beta of 1.36. The company’s 50 day simple moving average is $33.67 and its 200 day simple moving average is $34.83.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings results on Friday, February 9th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). The firm had revenue of $125.10 million during the quarter, compared to analyst estimates of $122.81 million. Proto Labs had a net margin of 3.92% and a return on equity of 2.88%. Proto Labs’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned ($4.24) EPS. As a group, analysts predict that Proto Labs will post 0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Proto Labs

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PRLB. Illinois Municipal Retirement Fund acquired a new position in shares of Proto Labs during the third quarter worth about $419,000. Jump Financial LLC lifted its stake in Proto Labs by 1.9% in the 3rd quarter. Jump Financial LLC now owns 18,333 shares of the industrial products company’s stock valued at $484,000 after acquiring an additional 342 shares in the last quarter. Quantbot Technologies LP boosted its position in Proto Labs by 185.0% during the 3rd quarter. Quantbot Technologies LP now owns 13,679 shares of the industrial products company’s stock worth $361,000 after acquiring an additional 8,879 shares during the last quarter. Swiss National Bank grew its stake in shares of Proto Labs by 0.9% during the 3rd quarter. Swiss National Bank now owns 57,600 shares of the industrial products company’s stock worth $1,521,000 after acquiring an additional 500 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Proto Labs by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 385,196 shares of the industrial products company’s stock worth $10,169,000 after acquiring an additional 18,372 shares in the last quarter. 84.54% of the stock is owned by institutional investors and hedge funds.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.