Shares of Proto Labs Inc. (NYSE:PRLB) have been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $68.00.
Several equities research analysts recently commented on PRLB shares. Canaccord Genuity reissued a “buy” rating and set a $65.00 target price on shares of Proto Labs in a report on Friday, September 2nd. Zacks Investment Research raised Proto Labs from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Wednesday, July 13th. TheStreet cut Proto Labs from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Finally, Dougherty & Co cut Proto Labs from a “buy” rating to a “sell” rating in a report on Wednesday, August 31st.
In related news, insider Arthur R. Baker III purchased 3,000 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were bought at an average price of $55.00 per share, with a total value of $165,000.00. Following the completion of the acquisition, the insider now owns 7,105 shares of the company’s stock, valued at $390,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.48% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in PRLB. BlackRock Inc. increased its stake in shares of Proto Labs by 20.8% in the second quarter. BlackRock Inc. now owns 1,926 shares of the company’s stock valued at $111,000 after buying an additional 332 shares during the period. FineMark National Bank & Trust increased its stake in shares of Proto Labs by 0.3% in the second quarter. FineMark National Bank & Trust now owns 1,988 shares of the company’s stock valued at $114,000 after buying an additional 6 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Proto Labs by 586.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,657 shares of the company’s stock valued at $153,000 after buying an additional 2,270 shares during the period. Advisor Group Inc. purchased a new stake in shares of Proto Labs during the second quarter valued at about $167,000. Finally, PineBridge Investments L.P. increased its stake in shares of Proto Labs by 4.2% in the second quarter. PineBridge Investments L.P. now owns 3,003 shares of the company’s stock valued at $173,000 after buying an additional 121 shares during the period.
Proto Labs (NYSE:PRLB) traded down 0.85% during midday trading on Thursday, hitting $58.20. The stock had a trading volume of 151,220 shares. Proto Labs has a one year low of $50.50 and a one year high of $82.06. The firm has a 50 day moving average price of $56.93 and a 200 day moving average price of $62.91. The stock has a market cap of $1.54 billion, a PE ratio of 33.66 and a beta of 0.49.
Proto Labs (NYSE:PRLB) last announced its earnings results on Thursday, July 28th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Proto Labs had a return on equity of 13.76% and a net margin of 15.82%. The firm had revenue of $75 million for the quarter, compared to the consensus estimate of $77.20 million. During the same period in the previous year, the firm earned $0.50 EPS. Proto Labs’s revenue for the quarter was up 17.2% on a year-over-year basis. Equities analysts expect that Proto Labs will post $1.83 EPS for the current year.
Proto Labs Company Profile
Proto Labs, Inc is an online and technology-enabled manufacturer of on-demand three-dimensional (3D)-printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. It utilizes injection molding, CNC machining and 3D printing to manufacture custom parts for its customers.
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