Proto Labs Insider John Tumelty Sells 1,750 Shares (PRLB)
Proto Labs (NASDAQ:PRLB) Insider John Tumelty unloaded 1,750 shares of Proto Labs stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $78.00, for a total transaction of $136,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $60.80.
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 one year low of $27.96 and a one 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 P/E ratio of 65.14.
Proto Labs (NASDAQ:PRLB) last released its earnings data on Thursday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter 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.
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