Proto Labs (PRLB) Scheduled to Post Earnings on Friday

Proto Labs (NYSE:PRLBGet Free Report) is scheduled to announce its 12/31/2023 earnings results before the market opens on Friday, February 9th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Proto Labs Price Performance

Proto Labs stock opened at $36.60 on Wednesday. The firm has a 50-day moving average of $37.38 and a two-hundred day moving average of $32.06. Proto Labs has a 1 year low of $23.01 and a 1 year high of $40.47. The stock has a market cap of $943.77 million, a price-to-earnings ratio of -9.53 and a beta of 1.34.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in Proto Labs during the 2nd quarter valued at approximately $29,000. Quantbot Technologies LP purchased a new stake in Proto Labs during the second quarter worth $30,000. International Assets Investment Management LLC boosted its holdings in Proto Labs by 3,795.7% during the fourth quarter. International Assets Investment Management LLC now owns 896 shares of the industrial products company’s stock worth $35,000 after buying an additional 873 shares in the last quarter. State of Wyoming boosted its holdings in Proto Labs by 40.0% during the fourth quarter. State of Wyoming now owns 1,505 shares of the industrial products company’s stock worth $38,000 after buying an additional 430 shares in the last quarter. Finally, Quarry LP purchased a new stake in Proto Labs during the second quarter worth $45,000. Institutional investors own 83.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Proto Labs from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $38.33.

View Our Latest Stock Analysis on PRLB

About Proto Labs

(Get Free Report)

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce 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.

Further Reading

Earnings History for Proto Labs (NYSE:PRLB)

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