Protolabs (PRLB)

• Market cap: $998M
• 1 day: -1.33%
• 5 days: -7.14%
• 1 month: 3.75%
• 3 months: 38.69%
• 6 months: 35.24%
• Year to date: 7.16%
• 1 year: 5.06%
• 5 years: -58.87%
• 10 years: -38.38%
• Sector: Consumer Discretionary
• Industry: Fabricated Structural Metal Products

About: Proto Labs Inc is an on-demand manufacturer of custom parts for prototyping and short-run production. The company offers developers and engineers quick-turn production services to reduce the time to market. Proto Labs uses injection molding, computer numerical control machining, and 3-D printing to manufacture custom parts for its clients. The company services clients' needs for prototype solutions, parts for testing procedures, bridge production capabilities during disruptions in manufacturing processes, limited-quantity requests, and end-of-life production support. The majority of its revenue is derived from the United States of America.

Employees: 2,415

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

151% more call options, than puts

Call options by funds: $2.36M | Put options by funds: $940K

7% less repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 73

1.54% less ownership

Funds ownership: 87.45% [Q2] → 85.9% (-1.54%) [Q3]

6% less funds holding

Funds holding: 205 [Q2] → 193 (-12) [Q3]

7% less capital invested

Capital invested by funds: $684M [Q2] → $634M (-$49.5M) [Q3]

35% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 34

100% less funds holding in top 10

Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $36 12% downside
• Avg. target: $38 7% downside
• High target: $40 2% downside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Craig-Hallum Greg Palm 64% 1-year accuracy 16 / 25 met price target	12% downside $36	Hold Maintained	4 Nov 2024
Cantor Fitzgerald Troy Jensen 34% 1-year accuracy 11 / 32 met price target	2% downside $40	Overweight Reiterated	4 Nov 2024