Proto Labs Inc (PRLB) Receives Consensus Rating of “Hold” from Analysts

Proto Labs Inc (NYSE:PRLB) has received a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $88.00.

A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Proto Labs from a “buy” rating to a “hold” rating in a research report on Saturday. Piper Jaffray Companies reissued a “hold” rating and set a $84.00 price target on shares of Proto Labs in a research report on Thursday, December 14th. Craig Hallum set a $92.00 price target on Proto Labs and gave the company a “hold” rating in a research report on Monday, November 27th. Finally, BidaskClub downgraded Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th.

Proto Labs (NYSE PRLB) traded up $3.20 during mid-day trading on Tuesday, reaching $111.70. The company’s stock had a trading volume of 179,331 shares, compared to its average volume of 108,545. Proto Labs has a 1 year low of $48.00 and a 1 year high of $111.80. The stock has a market capitalization of $2,976.36, a P/E ratio of 63.83, a PEG ratio of 2.43 and a beta of 1.07.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.04. Proto Labs had a return on equity of 12.62% and a net margin of 15.00%. The firm had revenue of $88.10 million during the quarter, compared to the consensus estimate of $85.68 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. equities research analysts anticipate that Proto Labs will post 1.89 EPS for the current year.

In other news, VP Robert Bodor sold 4,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $94.79, for a total value of $379,160.00. Following the completion of the sale, the vice president now owns 20,578 shares of the company’s stock, valued at $1,950,588.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rainer Gawlick sold 500 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $102.75, for a total value of $51,375.00. Following the completion of the sale, the director now directly owns 10,925 shares of the company’s stock, valued at approximately $1,122,543.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,556 shares of company stock valued at $1,814,101. 7.78% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Proto Labs by 2.7% in 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 during the period. Janus Henderson Group PLC boosted its holdings in Proto Labs by 411.4% in the second quarter. Janus Henderson Group PLC now owns 1,301,429 shares of the industrial products company’s stock valued at $87,521,000 after purchasing an additional 1,046,960 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Proto Labs in the third quarter valued at about $915,000. Victory Capital Management Inc. boosted its holdings in Proto Labs by 15,548.3% in the third quarter. Victory Capital Management Inc. now owns 363,509 shares of the industrial products company’s stock valued at $29,190,000 after purchasing an additional 361,186 shares during the last quarter. Finally, FMR LLC purchased a new position in Proto Labs in the second quarter valued at about $861,000.

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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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