Proto Labs, Inc. (NYSE:PRLB) Director Rainer Gawlick sold 500 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $102.75, for a total transaction of $51,375.00. Following the sale, the director now owns 10,925 shares of the company’s stock, valued at $1,122,543.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Rainer Gawlick also recently made the following trade(s):
- On Tuesday, November 21st, Rainer Gawlick sold 1,500 shares of Proto Labs stock. The stock was sold at an average price of $90.31, for a total transaction of $135,465.00.
Shares of Proto Labs, Inc. (NYSE PRLB) opened at $109.35 on Friday. The firm has a market cap of $2,859.10, a P/E ratio of 62.49, a P/E/G ratio of 2.33 and a beta of 1.07. Proto Labs, Inc. has a 1 year low of $48.00 and a 1 year high of $110.10.
Proto Labs (NYSE:PRLB) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The company had revenue of $88.10 million for the quarter, compared to analysts’ expectations of $85.68 million. During the same quarter last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. equities analysts anticipate that Proto Labs, Inc. will post 1.89 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake 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 acquiring an additional 10,499 shares during the last quarter. California Public Employees Retirement System lifted its stake 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 valued at $705,000 after buying an additional 4,985 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Proto Labs during the 3rd quarter valued at $238,000. Oppenheimer Asset Management Inc. lifted its stake 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 valued at $4,491,000 after buying an additional 1,436 shares in the last quarter. Finally, Convergence Investment Partners LLC purchased a new position in shares of Proto Labs during the 3rd quarter valued at $1,445,000.
A number of analysts have recently weighed in on PRLB shares. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a report on Friday, November 3rd. BidaskClub downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Piper Jaffray Companies reissued a “hold” rating and issued a $84.00 price target on shares of Proto Labs in a research note on Thursday, December 14th. Finally, Craig Hallum set a $92.00 target price on shares of Proto Labs and gave the company a “hold” rating in a research note on Monday, November 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $85.25.
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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.
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