Share on StockTwits

Proto Labs (NASDAQ:PRLB) CFO John R. Judd sold 75,000 shares of the stock on the open market in a transaction dated Thursday, July 31st. The shares were sold at an average price of $80.84, for a total value of $6,063,000.00. Following the sale, the chief financial officer now directly owns 2,230 shares in the company, valued at approximately $180,273. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Proto Labs (NASDAQ:PRLB) traded down 2.47% during mid-day trading on Friday, hitting $79.00. 426,149 shares of the company’s stock traded hands. Proto Labs has a 1-year low of $58.06 and a 1-year high of $94.23. The stock’s 50-day moving average is $80.96 and its 200-day moving average is $72.72. The company has a market cap of $2.024 billion and a P/E ratio of 53.64.

Proto Labs (NASDAQ:PRLB) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.03. The company had revenue of $52.90 million for the quarter, compared to the consensus estimate of $51.43 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 33.0% on a year-over-year basis. On average, analysts predict that Proto Labs will post $1.83 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 from $75.00 to $80.00 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Zacks downgraded shares of Proto Labs from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $86.90 price target on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $85.32.

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

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.