Proto Labs Inc (NYSE:PRLB) Short Interest Update

Proto Labs Inc (NYSE:PRLB) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totalling 2,450,800 shares, a growth of 29.0% from the June 30th total of 1,899,700 shares. Based on an average daily volume of 196,700 shares, the short-interest ratio is currently 12.5 days. Currently, 9.8% of the company’s shares are sold short.

Institutional investors and hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc acquired a new stake in Proto Labs in the second quarter valued at $35,000. Parallel Advisors LLC acquired a new stake in Proto Labs in the first quarter valued at $34,000. Brand Asset Management Group Inc. acquired a new stake in Proto Labs in the first quarter valued at $45,000. Icon Wealth Partners LLC acquired a new stake in Proto Labs in the first quarter valued at $57,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Proto Labs in the first quarter valued at $109,000. Institutional investors and hedge funds own 93.47% of the company’s stock.

PRLB traded down $4.07 during trading hours on Wednesday, hitting $93.07. 217,156 shares of the company’s stock were exchanged, compared to its average volume of 184,639. Proto Labs has a 1-year low of $92.53 and a 1-year high of $166.60. The firm has a 50-day moving average price of $105.57. The company has a market capitalization of $2.56 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 1.20 and a beta of 1.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.08 and a current ratio of 4.26.



Proto Labs (NYSE:PRLB) last announced its earnings results on Thursday, July 25th. The industrial products company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Proto Labs had a net margin of 15.71% and a return on equity of 13.14%. The business had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $116.49 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Proto Labs will post 2.5 EPS for the current fiscal year.

Several research firms have recently weighed in on PRLB. ValuEngine cut shares of Proto Labs from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Thursday, August 1st. Finally, Piper Jaffray Companies reduced their price target on shares of Proto Labs from $92.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $126.25.

About Proto Labs

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

See Also: What is a Lock-Up Period?

Receive News & Ratings for Proto Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proto Labs and related companies with MarketBeat.com's FREE daily email newsletter.