News coverage about Proto Labs (NYSE:PRLB) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Proto Labs earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.5118534870928 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research firms recently commented on PRLB. Piper Jaffray Companies restated a “hold” rating and set a $67.00 price target on shares of Proto Labs in a report on Friday, July 28th. Zacks Investment Research cut shares of Proto Labs from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Dougherty & Co upgraded shares of Proto Labs from a “sell” rating to a “neutral” rating in a report on Tuesday, June 27th. Four analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $59.33.
Proto Labs (NYSE:PRLB) traded up 0.13% during mid-day trading on Friday, hitting $74.40. 181,125 shares of the company traded hands. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 43.26 and a beta of 0.99. Proto Labs has a one year low of $43.10 and a one year high of $75.80. The company’s 50-day moving average price is $72.43 and its 200 day moving average price is $63.17.
Proto Labs (NYSE:PRLB) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.06. Proto Labs had a return on equity of 11.75% and a net margin of 14.59%. The business had revenue of $82.04 million during the quarter, compared to analyst estimates of $80.49 million. During the same period in the previous year, the firm earned $0.45 EPS. Proto Labs’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts anticipate that Proto Labs will post $2.06 earnings per share for the current fiscal year.
In other Proto Labs news, VP Robert Bodor sold 741 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $73.84, for a total transaction of $54,715.44. Following the completion of the transaction, the vice president now owns 17,319 shares of the company’s stock, valued at approximately $1,278,834.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.78% of the stock is currently owned by insiders.
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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