Proto Labs Inc. Sets New 1-Year High at $76.73 (PRLB)
Proto Labs (NASDAQ:PRLB) set a new 52-week high during mid-day trading on Wednesday, AnalystRatingsNetwork reports. The stock traded as high as $76.73 and last traded at $75.11, with a volume of 365,304 shares. The stock had previously closed at $76.27.
PRLB has been the subject of a number of recent research reports. Analysts at Jefferies Group set a $65.00 price target on shares of Proto Labs (NASDAQ:PRLB) in a research note to investors on Monday, July 15th. They now have a “hold” rating on the stock. Analysts at Piper Jaffray Cos. reiterated an “overweight” rating on shares of Proto Labs (NASDAQ:PRLB) in a research note to investors on Monday, June 17th. They now have a $65.00 price target on the stock, up previously from $58.00.
Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $60.80.
In other Proto Labs news, CEO Bradley A. Cleveland unloaded 95,000 shares of Proto Labs stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $74.30, for a total transaction of $7,058,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Proto Labs has a one year low of $27.96 and a one year high of $76.69. The stock has a 50-day moving average of $68.53 and a 200-day moving average of $57.48. The company has a market cap of $1.898 billion and a price-to-earnings ratio of 62.67.
Proto Labs (NASDAQ:PRLB) last announced its earnings results on Thursday, August 1st. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.01. The company had revenue of $39.70 million for the quarter, compared to the consensus estimate of $40.25 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 32.3% on a year-over-year basis. On average, analysts predict that Proto Labs will post $1.43 earnings per share for the current fiscal year.
Proto Labs, Inc manufactures computer numerical control machined and plastic injection molded parts. The Company offers plastic injection molded parts, rapid tooling, plastic injection molding, rapid injection molding, rapid prototyping and prototype.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.