According to Zacks, “Proto Labs, Inc. is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production. It produces CNC machined and injection molded plastic parts. Proto Labs targets their services to product developers who use three-dimensional computer-aided design to develop products across a diverse range of end-markets. The Company has locations in the United States, the United Kingdom, Germany, Japan, Italy, France, and Spain. Proto Labs, Inc. is headquartered in Maple Plain, Minnesota. “
Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity reiterated a buy rating and set a $65.00 price objective on shares of Proto Labs in a research report on Friday, September 2nd. FBR & Co restated a buy rating on shares of Proto Labs in a research report on Monday, June 6th. Pacific Crest restated an equal weight rating on shares of Proto Labs in a research report on Sunday, June 5th. TheStreet cut shares of Proto Labs from a buy rating to a hold rating in a research report on Wednesday, July 6th. Finally, Dougherty & Co cut shares of Proto Labs from a buy rating to a sell rating in a research report on Wednesday, August 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $70.40.
Proto Labs (NYSE:PRLB) traded up 0.110% during mid-day trading on Wednesday, reaching $59.405. 44,620 shares of the company were exchanged. The stock has a 50 day moving average of $56.99 and a 200-day moving average of $63.49. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 34.358 and a beta of 0.51. Proto Labs has a one year low of $50.50 and a one year high of $82.06.
Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.03. Proto Labs had a net margin of 15.82% and a return on equity of 13.76%. The firm had revenue of $75 million for the quarter, compared to analysts’ expectations of $77.20 million. During the same period in the prior year, the firm earned $0.50 EPS. Proto Labs’s revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities analysts expect that Proto Labs will post $1.83 earnings per share for the current fiscal year.
In other news, insider Arthur R. Baker III acquired 3,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were acquired at an average price of $55.00 per share, for a total transaction of $165,000.00. Following the completion of the transaction, the insider now directly owns 7,105 shares of the company’s stock, valued at approximately $390,775. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 8.48% of the company’s stock.
Several hedge funds have recently modified their holdings of PRLB. BlackRock Inc. increased its position in shares of Proto Labs by 120.2% in the first quarter. BlackRock Inc. now owns 1,594 shares of the company’s stock worth $123,000 after buying an additional 870 shares in the last quarter. FineMark National Bank & Trust increased its position in 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 position in 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. Mariner Wealth Advisors LLC bought a new position in Proto Labs during the first quarter valued at about $222,000. Finally, Advisor Group Inc. bought a new position in Proto Labs during the second quarter valued at about $167,000.
About Proto Labs
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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