Proto Labs Inc (NYSE:PRLB) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $105.60.
Several equities analysts have recently issued reports on the company. Piper Sandler decreased their price target on Proto Labs from $82.00 to $69.00 in a research note on Wednesday, March 18th. Benchmark assumed coverage on Proto Labs in a research note on Thursday, May 14th. They issued a “buy” rating and a $145.00 price target on the stock. ValuEngine lowered Proto Labs from a “buy” rating to a “hold” rating in a research note on Wednesday, May 6th. TheStreet raised Proto Labs from a “c+” rating to a “b-” rating in a report on Wednesday, May 20th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Proto Labs in a report on Thursday, April 9th.
In related news, VP Robert Bodor sold 9,681 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $106.30, for a total value of $1,029,090.30. Following the completion of the sale, the vice president now directly owns 22,114 shares of the company’s stock, valued at approximately $2,350,718.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.92% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of PRLB. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Proto Labs by 90.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,231,502 shares of the industrial products company’s stock valued at $93,754,000 after acquiring an additional 585,053 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its stake in Proto Labs by 90.5% in the first quarter. Nikko Asset Management Americas Inc. now owns 1,231,388 shares of the industrial products company’s stock valued at $93,746,000 after purchasing an additional 585,053 shares during the last quarter. Norges Bank purchased a new position in Proto Labs in the fourth quarter valued at approximately $48,493,000. Janus Henderson Group PLC lifted its stake in Proto Labs by 22.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,219,433 shares of the industrial products company’s stock valued at $123,833,000 after purchasing an additional 226,226 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its stake in Proto Labs by 35.2% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 591,291 shares of the industrial products company’s stock valued at $60,046,000 after purchasing an additional 153,946 shares during the last quarter. 99.00% of the stock is owned by institutional investors and hedge funds.
NYSE:PRLB traded down $1.44 during mid-day trading on Tuesday, hitting $113.04. 9,540 shares of the stock were exchanged, compared to its average volume of 282,603. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 48.97, a price-to-earnings-growth ratio of 2.56 and a beta of 1.76. The firm’s 50-day simple moving average is $116.13 and its 200 day simple moving average is $97.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.27 and a current ratio of 4.49. Proto Labs has a fifty-two week low of $63.19 and a fifty-two week high of $136.85.
Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.23. Proto Labs had a return on equity of 10.82% and a net margin of 13.49%. The firm had revenue of $115.10 million for the quarter, compared to analyst estimates of $102.36 million. During the same quarter last year, the company earned $0.69 EPS. The company’s revenue was up 1.4% on a year-over-year basis. On average, analysts predict that Proto Labs will post 1.86 EPS for the current fiscal year.
About Proto Labs
Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven 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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