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Proto Labs (NASDAQ:PRLB) Director Rainer Gawlick sold 1,000 shares of Proto Labs stock on the open market in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $80.42, for a total transaction of $80,420.00. Following the transaction, the director now directly owns 3,048 shares in the company, valued at approximately $245,120. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Proto Labs (NASDAQ:PRLB) traded up 1.10% during mid-day trading on Monday, hitting $81.92. 376,167 shares of the company’s stock traded hands. Proto Labs has a one year low of $58.06 and a one year high of $89.97. The stock’s 50-day moving average is $70.68 and its 200-day moving average is $70.87. The company has a market cap of $2.098 billion and a price-to-earnings ratio of 56.66.

Proto Labs (NASDAQ:PRLB) last released its earnings data on Thursday, May 1st. The company reported $0.39 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.39. The company had revenue of $46.10 million for the quarter, compared to the consensus estimate of $46.72 million. During the same quarter last year, the company posted $0.35 earnings per share. Proto Labs’s revenue was up 23.6% compared to the same quarter last year. On average, analysts predict that Proto Labs will post $1.79 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Proto Labs to $75.00 in a research note on Friday, June 20th. They now have a “hold” rating on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Proto Labs in a research note on Tuesday, June 17th. They set a “hold” rating and a $85.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Proto Labs from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 8th. They now have a $66.10 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $81.02.

Proto Labs, Inc (NASDAQ:PRLB) is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production.

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