MAY 1·kens5.com→
Proto Labs: Q1 Earnings Snapshot
Proto Labs Inc. (PRLB) reported a first-quarter profit of $8.1 million, or 33 cents per share. Adjusted earnings were 54 cents per share, with total revenue reaching $139.3 million. The company forecasts its per-share earnings for the current quarter ending in June to be between 50 cents and 58 cents.
DEC 27·MarketBeat▲
Rice Hall James & Associates LLC Decreases Stock Holdings in Proto Labs, Inc. $PRLB
Rice Hall James & Associates LLC significantly reduced its stake in Proto Labs, Inc. (NYSE:PRLB) by 16.1% during the third quarter, while other institutional investors like Rubric Capital Management LP increased their holdings. Despite the reduction by Rice Hall James, analyst sentiment remains positive with a "Moderate Buy" rating and an average price target of $53.33, following a strong Q3 earnings beat and an upgrade to "strong-buy" by Zacks. Insider Michael R. Kenison also sold a portion of his shares, but institutional investors still own a substantial 84.54% of the company's stock.