Shares of Proto Labs Inc (NYSE:PRLB) have earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $68.00.
Separately, Zacks Investment Research lowered shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th.
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Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Thursday, February 9th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business earned $72.40 million during the quarter, compared to analyst estimates of $72.41 million. Proto Labs had a net margin of 14.33% and a return on equity of 11.79%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. On average, equities analysts predict that Proto Labs will post $1.98 earnings per share for the current fiscal year.
In other news, VP John B. Tumelty sold 862 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $56.78, for a total transaction of $48,944.36. Following the completion of the transaction, the vice president now owns 17,057 shares of the company’s stock, valued at $968,496.46. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Victoria M. Holt sold 2,025 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $56.80, for a total transaction of $115,020.00. Following the transaction, the insider now directly owns 44,018 shares of the company’s stock, valued at approximately $2,500,222.40. The disclosure for this sale can be found here. 8.48% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in PRLB. Motley Fool Wealth Management LLC increased its stake in Proto Labs by 3.3% in the fourth quarter. Motley Fool Wealth Management LLC now owns 43,988 shares of the industrial products company’s stock valued at $2,259,000 after buying an additional 1,414 shares during the last quarter. Comerica Bank increased its stake in Proto Labs by 4.5% in the fourth quarter. Comerica Bank now owns 25,949 shares of the industrial products company’s stock valued at $1,390,000 after buying an additional 1,121 shares during the last quarter. Stephens Investment Management Group LLC increased its stake in Proto Labs by 0.7% in the third quarter. Stephens Investment Management Group LLC now owns 578,329 shares of the industrial products company’s stock valued at $34,648,000 after buying an additional 4,195 shares during the last quarter. GW&K Investment Management LLC increased its stake in Proto Labs by 5.1% in the third quarter. GW&K Investment Management LLC now owns 715,401 shares of the industrial products company’s stock valued at $42,860,000 after buying an additional 34,986 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in Proto Labs by 9.0% in the third quarter. BlackRock Fund Advisors now owns 1,654,935 shares of the industrial products company’s stock valued at $99,147,000 after buying an additional 137,230 shares during the last quarter.
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.
