Proto Labs Inc (NYSE:PRLB) reached a new 52-week high and low during trading on Thursday . The company traded as low as $134.10 and last traded at $134.00, with a volume of 94504 shares traded. The stock had previously closed at $131.90.
A number of equities research analysts recently commented on PRLB shares. Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Thursday, February 15th. ValuEngine upgraded Proto Labs from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $98.33.
The stock has a market cap of $3.47 billion, a P/E ratio of 69.43, a price-to-earnings-growth ratio of 2.56 and a beta of 0.94.
Proto Labs (NYSE:PRLB) last announced its quarterly earnings data on Thursday, April 26th. The industrial products company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The firm had revenue of $107.70 million for the quarter, compared to analyst estimates of $103.88 million. Proto Labs had a return on equity of 12.88% and a net margin of 15.49%. The business’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. equities analysts forecast that Proto Labs Inc will post 2.6 earnings per share for the current fiscal year.
In other Proto Labs news, VP Robert Bodor sold 3,000 shares of the stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $130.00, for a total value of $390,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sven Wehrwein sold 1,000 shares of the stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $125.00, for a total value of $125,000.00. Following the completion of the transaction, the director now owns 11,878 shares in the company, valued at $1,484,750. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its stake in shares of Proto Labs by 7.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 118,709 shares of the industrial products company’s stock valued at $12,228,000 after purchasing an additional 7,826 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Proto Labs by 52.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,375 shares of the industrial products company’s stock valued at $142,000 after purchasing an additional 471 shares during the period. Comerica Bank lifted its stake in shares of Proto Labs by 11.4% in the 4th quarter. Comerica Bank now owns 34,344 shares of the industrial products company’s stock valued at $3,807,000 after purchasing an additional 3,518 shares during the period. Aperio Group LLC lifted its stake in shares of Proto Labs by 9.4% in the 4th quarter. Aperio Group LLC now owns 8,097 shares of the industrial products company’s stock valued at $834,000 after purchasing an additional 695 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Proto Labs by 53.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 7,036 shares of the industrial products company’s stock valued at $725,000 after purchasing an additional 2,463 shares during the period. Hedge funds and other institutional investors own 95.25% of the company’s stock.
About Proto Labs
Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce enabled digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.
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