Insider Selling: Proto Labs Director Sells 17,500 Shares of Stock (PRLB)
Proto Labs (NASDAQ:PRLB) Director Rainer Gawlick unloaded 17,500 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $77.71, for a total transaction of $1,359,925.00. Following the sale, the director now directly owns 2,250 shares in the company, valued at approximately $174,848. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, 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.
Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Proto Labs has a consensus rating of “Buy” and an average target price of $60.80.
Shares of Proto Labs (NASDAQ:PRLB) traded down 1.36% on Tuesday, hitting $78.20. 420,924 shares of the company’s stock traded hands. Proto Labs has a 1-year low of $27.96 and a 1-year high of $79.75. The stock’s 50-day moving average is $71.19 and its 200-day moving average is $59.37. The company has a market cap of $1.981 billion and a price-to-earnings ratio of 65.14.
Proto Labs (NASDAQ:PRLB) last posted its quarterly 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. Analysts expect that Proto Labs will post $1.43 EPS 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.