Proto Labs Inc (NYSE:PRLB) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 1,698,100 shares, a growth of 8.6% from the May 30th total of 1,563,400 shares. Approximately 6.8% of the company’s stock are short sold. Based on an average daily trading volume, of 187,200 shares, the days-to-cover ratio is currently 9.1 days.

Several institutional investors have recently made changes to their positions in PRLB. Norges Bank bought a new stake in shares of Proto Labs in the fourth quarter valued at about $45,295,000. ARK Investment Management LLC boosted its position in shares of Proto Labs by 273.5% in the first quarter. ARK Investment Management LLC now owns 291,222 shares of the industrial products company’s stock valued at $30,619,000 after acquiring an additional 213,256 shares during the period. TimesSquare Capital Management LLC bought a new stake in shares of Proto Labs in the first quarter valued at about $13,710,000. Wasatch Advisors Inc. boosted its position in shares of Proto Labs by 118.0% in the first quarter. Wasatch Advisors Inc. now owns 92,039 shares of the industrial products company’s stock valued at $9,677,000 after acquiring an additional 49,818 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its position in shares of Proto Labs by 34.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 166,743 shares of the industrial products company’s stock valued at $17,531,000 after acquiring an additional 42,323 shares during the period. 91.07% of the stock is owned by institutional investors.

PRLB has been the subject of several analyst reports. Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. ValuEngine raised shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Proto Labs has a consensus rating of “Hold” and an average target price of $134.00.

PRLB stock opened at $107.47 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.67 and a current ratio of 4.89. The stock’s fifty day moving average is $106.30. Proto Labs has a one year low of $94.20 and a one year high of $166.60. The company has a market capitalization of $2.93 billion, a PE ratio of 38.25, a price-to-earnings-growth ratio of 1.38 and a beta of 1.58.

Proto Labs (NYSE:PRLB) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.08. Proto Labs had a net margin of 16.41% and a return on equity of 13.86%. The firm had revenue of $113.50 million during the quarter, compared to analysts’ expectations of $115.24 million. During the same period in the previous year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts expect that Proto Labs will post 2.47 EPS for the current fiscal year.

Proto Labs Company Profile

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.

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