News coverage about Proto Labs (NYSE:PRLB) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Proto Labs earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 70 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Proto Labs, Inc. (NYSE:PRLB) Stake Decreased by American International Group Inc (hoyentv.com)
- Proto Labs, Inc. (PRLB) VP Robert Bodor Sells 3,259 Shares (americanbankingnews.com)
- Proto Labs Inc Shares Up 31.6% Since SmarTrend’s Buy Recommendation (PRLB) (mysmartrend.com)
- $80.11 Million in Sales Expected for Proto Labs, Inc. (PRLB) This Quarter (americanbankingnews.com)
- Proto Labs, Inc. (NYSE:PRLB) Expected to Post Earnings of $0.43 Per Share (americanbankingnews.com)
PRLB has been the topic of several analyst reports. Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research note on Wednesday, May 3rd. Dougherty & Co increased their price objective on Proto Labs from $42.50 to $45.00 and gave the company a “sell” rating in a research note on Friday, April 28th. Finally, TheStreet upgraded Proto Labs from a “c+” rating to a “b-” rating in a research note on Friday, May 5th.
Shares of Proto Labs (PRLB) traded up 1.13% during mid-day trading on Friday, hitting $71.40. The stock had a trading volume of 202,134 shares. Proto Labs has a 12-month low of $43.10 and a 12-month high of $72.15. The stock has a market cap of $1.89 billion, a P/E ratio of 42.75 and a beta of 0.93. The company’s 50 day moving average price is $67.30 and its 200 day moving average price is $57.90.
Proto Labs (NYSE:PRLB) last issued its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.11. Proto Labs had a net margin of 14.48% and a return on equity of 11.84%. The firm had revenue of $80.20 million for the quarter, compared to analyst estimates of $75.05 million. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts predict that Proto Labs will post $2.04 EPS for the current fiscal year.
In other Proto Labs news, Director Rainer Gawlick sold 833 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $64.05, for a total value of $53,353.65. Following the completion of the transaction, the director now owns 6,258 shares in the company, valued at approximately $400,824.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert Bodor sold 3,259 shares of the company’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $72.02, for a total transaction of $234,713.18. Following the completion of the transaction, the vice president now owns 19,837 shares of the company’s stock, valued at approximately $1,428,660.74. The disclosure for this sale can be found here. Insiders sold a total of 15,988 shares of company stock worth $1,022,288 in the last quarter. 7.78% of the stock is currently owned by company insiders.
About Proto Labs
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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