Shares of Proto Labs, Inc. (NYSE:PRLB) have earned a consensus recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $90.67.
Several equities analysts recently weighed in on PRLB shares. Zacks Investment Research raised Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research note on Friday, November 3rd. BidaskClub downgraded Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $84.00 price objective on shares of Proto Labs in a research note on Thursday, December 14th. Finally, Craig Hallum set a $92.00 price objective on Proto Labs and gave the company a “hold” rating in a research note on Monday, November 27th.
Proto Labs (NYSE PRLB) traded up $0.40 on Friday, hitting $103.40. The stock had a trading volume of 185,900 shares, compared to its average volume of 194,636. The firm has a market cap of $2,744.52, a PE ratio of 58.86, a P/E/G ratio of 2.60 and a beta of 1.06. Proto Labs has a 1-year low of $48.00 and a 1-year high of $109.10.
Proto Labs (NYSE:PRLB) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.04. Proto Labs had a return on equity of 11.63% and a net margin of 14.53%. The firm had revenue of $88.10 million during the quarter, compared to the consensus estimate of $85.68 million. During the same period last year, the business posted $0.51 EPS. Proto Labs’s quarterly revenue was up 12.7% on a year-over-year basis. research analysts predict that Proto Labs will post 1.89 earnings per share for the current fiscal year.
In other Proto Labs news, Director Rainer Gawlick sold 1,500 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $90.31, for a total transaction of $135,465.00. Following the completion of the transaction, the director now owns 6,925 shares of the company’s stock, valued at $625,396.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John B. Tumelty sold 13,556 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $92.07, for a total value of $1,248,100.92. The disclosure for this sale can be found here. Insiders sold a total of 19,056 shares of company stock valued at $1,762,726 over the last ninety days. 7.78% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its position in Proto Labs by 25.3% during the second quarter. Russell Investments Group Ltd. now owns 16,501 shares of the industrial products company’s stock worth $1,110,000 after buying an additional 3,337 shares in the last quarter. Vanguard Group Inc. increased its position in Proto Labs by 2.7% during the second quarter. Vanguard Group Inc. now owns 2,176,051 shares of the industrial products company’s stock worth $146,339,000 after buying an additional 56,724 shares in the last quarter. Janus Henderson Group PLC increased its position in Proto Labs by 411.4% during the second quarter. Janus Henderson Group PLC now owns 1,301,429 shares of the industrial products company’s stock worth $87,521,000 after buying an additional 1,046,960 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in Proto Labs during the third quarter worth $915,000. Finally, Victory Capital Management Inc. increased its position in Proto Labs by 15,548.3% during the third quarter. Victory Capital Management Inc. now owns 363,509 shares of the industrial products company’s stock worth $29,190,000 after buying an additional 361,186 shares in the last quarter.
Proto Labs Company Profile
Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.
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