Top 5 3D Printing Companies in the World

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

Number of Hedge Fund Holders: 19

Proto Labs, Inc. (NYSE:PRLB) is a Maple Plain, Minnesota-based 3D printing company that produces customized and low-volume prototypes for appliances, automotive, consumer products, electronics, and medical devices.

Proto Labs, Inc. (NYSE:PRLB) reported mixed Q2 2022 results on August 5 as it beat EPS estimates but failed to outperform the top-line forecasts for the period. Revenue increased by  3.2% YoY to $126.9 million. On the other hand, the adjusted EPS of 46 cents was seven cents higher than the analysts’ estimates. Proto Labs, Inc. (NYSE:PRLB) revealed that it anticipates Q3 2022 EPS to be in the range of 36 cents to 44 cents. The midpoint of 40 cents is 16 cents higher than the analysts’ forecast. Meanwhile, the company sees revenue to be in the range of $121 million to $129 million.

Currently, Proto Labs, Inc.’s (NYSE:PRLB) primary aim is the growth of its revenue through improved pricing, more product options, and Hubs network integration. During Q2, the company observed rapid growth in both its CNC machining and 3D printing segment. Proto Labs, Inc. (NYSE:PRLB) intends to accelerate the growth of its injection molding service in the future.

Of the 895 hedge funds in Insider Monkey’s database, Proto Labs, Inc. (NYSE:PRLB) was held by 19 hedge funds at the end of Q2 2022.