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Proto Labs (NASDAQ:PRLB) shares were down 4% during mid-day trading on Wednesday after an insider sold shares in the company, AnalystRatings.Net reports. The stock traded as low as $82.23 and last traded at $82.47, with a volume of 368,124 shares. The stock had previously closed at $85.90.

Specifically, Director John B. Goodman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $82.91, for a total value of $248,730.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on PRLB shares. Analysts at Zacks downgraded shares of Proto Labs from an “outperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $86.90 price target on the stock. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $84.48.

The stock has a 50-day moving average of $71.26 and a 200-day moving average of $71.00. The company has a market cap of $2.115 billion and a price-to-earnings ratio of 60.07.

Proto Labs (NASDAQ:PRLB) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. Analysts expect that Proto Labs will post $1.79 EPS for the current fiscal year.

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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