Proto Labs Inc (NYSE:PRLB) reached a new 52-week high and low during trading on Wednesday . The company traded as low as $128.22 and last traded at $127.25, with a volume of 56353 shares traded. The stock had previously closed at $126.85.
Separately, Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Proto Labs presently has an average rating of “Hold” and a consensus price target of $85.00.
The stock has a market capitalization of $3,255.04, a P/E ratio of 65.73, a PEG ratio of 2.47 and a beta of 0.96.
Proto Labs (NYSE:PRLB) last issued its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. Proto Labs had a return on equity of 12.22% and a net margin of 15.03%. The business had revenue of $94.18 million for the quarter, compared to the consensus estimate of $92.20 million. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. research analysts expect that Proto Labs Inc will post 2.53 earnings per share for the current fiscal year.
In other news, Director John B. Goodman sold 1,114 shares of the stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $122.71, for a total value of $136,698.94. Following the sale, the director now directly owns 11,091 shares in the company, valued at $1,360,976.61. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Robert Bodor sold 1,891 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $106.00, for a total value of $200,446.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,720 shares of company stock worth $627,080. Company insiders own 0.64% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in Proto Labs by 73.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,280 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 544 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Proto Labs by 52.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,375 shares of the industrial products company’s stock valued at $142,000 after acquiring an additional 471 shares in the last quarter. Shelton Capital Management bought a new stake in Proto Labs during the 4th quarter valued at $225,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Proto Labs in the 3rd quarter worth $238,000. Finally, LS Investment Advisors LLC boosted its position in shares of Proto Labs by 143.8% in the 4th quarter. LS Investment Advisors LLC now owns 2,309 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 1,362 shares in the last quarter. 98.13% of the stock is currently owned by institutional investors.
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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