5 Best 52-Week Low Stocks to Buy Now

3. Proto Labs, Inc. (NYSE: PRLB)

Number of Hedge Fund Holders: 18 
Price as of August 1, 2021:  $78.19

Proto Labs, Inc. (NYSE: PRLB) is placed third on our list of 10 best 52-week low stocks to buy now. The company’s shares have plunged 34% over the past twelve months. The company owns and runs an online platform that markets the development and delivery of on-demand production parts. On July 29, the firm posted earnings for the second quarter, reporting earnings per share of $0.39, missing market predictions by $0.05. The revenue over the period was $123 million, up 15% year-on-year. 

On May 21, investment advisory Craig-Hallum maintained a Hold rating on Proto Labs, Inc. (NYSE: PRLB) stock and lowered the price target to $90 from $97, noting near term margin pressures and negative earnings revisions could impact the firm. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm ARK Investment Management is a leading shareholder in Proto Labs, Inc. (NYSE: PRLB) with 3.6 million shares worth more than $444 million. 

In its Q1 2021 investor letter, Harding Loevner, an asset management firm, highlighted a few stocks and Proto Labs, Inc. (NYSE: PRLB) was one of them. Here is what the fund said: 

“Shares of Protolabs, a provider of 3D printing and other rapid prototyping and mold machining services for manufacturing, extended their strong performance from last year and soared early in January after the company announced its intention to acquire another on-demand digital manufacturing platform. We took advantage of their runup to sell our position.”