Proto Labs (PRLB) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Proto Labs (NYSE:PRLB) from a hold rating to a buy rating in a report published on Thursday. They currently have $115.00 target price on the industrial products company’s stock.

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. “

PRLB has been the topic of a number of other research reports. BidaskClub downgraded Proto Labs from a strong-buy rating to a buy rating in a research note on Friday, October 6th. Craig Hallum set a $92.00 target price on Proto Labs and gave the company a hold rating in a research note on Monday, November 27th. Finally, Piper Jaffray Companies restated a hold rating and issued a $84.00 target price on shares of Proto Labs in a research note on Thursday, December 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $84.00.

Proto Labs (NYSE:PRLB) traded up $1.10 during trading hours on Thursday, reaching $105.35. The company had a trading volume of 102,700 shares, compared to its average volume of 123,667. The firm has a market capitalization of $2,830.00, a price-to-earnings ratio of 59.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.07. Proto Labs has a 52-week low of $48.00 and a 52-week high of $109.10.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.04. The firm had revenue of $88.10 million for the quarter, compared to analyst estimates of $85.68 million. Proto Labs had a return on equity of 11.63% and a net margin of 14.53%. Proto Labs’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. sell-side analysts predict that Proto Labs will post 1.89 EPS for the current year.

In related news, VP Robert Bodor sold 4,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $94.79, for a total transaction of $379,160.00. Following the completion of the transaction, the vice president now owns 20,578 shares of the company’s stock, valued at approximately $1,950,588.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rainer Gawlick sold 1,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $90.31, for a total value of $135,465.00. Following the transaction, the director now directly owns 6,925 shares of the company’s stock, valued at approximately $625,396.75. The disclosure for this sale can be found here. Insiders sold 19,556 shares of company stock worth $1,814,101 in the last 90 days. Corporate insiders own 7.78% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its position in shares of Proto Labs by 12.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 93,399 shares of the industrial products company’s stock worth $7,500,000 after purchasing an additional 10,499 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Proto Labs by 131.2% during the 3rd quarter. California Public Employees Retirement System now owns 8,785 shares of the industrial products company’s stock worth $705,000 after purchasing an additional 4,985 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Proto Labs during the 3rd quarter worth about $238,000. Oppenheimer Asset Management Inc. lifted its position in shares of Proto Labs by 2.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 55,935 shares of the industrial products company’s stock worth $4,491,000 after purchasing an additional 1,436 shares during the last quarter. Finally, Convergence Investment Partners LLC acquired a new position in shares of Proto Labs during the 3rd quarter worth about $1,445,000.

ILLEGAL ACTIVITY WARNING: “Proto Labs (PRLB) Upgraded to Buy by Zacks Investment Research” was first reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3127398/proto-labs-prlb-upgraded-to-buy-by-zacks-investment-research.html.

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.

Receive News & Ratings for Proto Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proto Labs and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.