Proto Labs, Inc. (NYSE:PRLB) Director Rainer Gawlick sold 1,500 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $90.31, for a total transaction of $135,465.00. Following the transaction, the director now owns 6,925 shares in the company, valued at approximately $625,396.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Proto Labs, Inc. (NYSE:PRLB) traded up $0.75 during midday trading on Tuesday, reaching $87.10. The company had a trading volume of 148,600 shares, compared to its average volume of 194,575. The stock has a market capitalization of $2,300.00, a price-to-earnings ratio of 49.34, a P/E/G ratio of 2.16 and a beta of 1.03. Proto Labs, Inc. has a 52-week low of $48.00 and a 52-week high of $89.95.

Proto Labs (NYSE:PRLB) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.04. The firm had revenue of $88.10 million for the quarter, compared to analyst estimates of $85.68 million. Proto Labs had a return on equity of 11.63% and a net margin of 14.53%. Proto Labs’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. equities analysts anticipate that Proto Labs, Inc. will post 1.9 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of PRLB. OppenheimerFunds Inc. purchased a new stake in Proto Labs in the first quarter valued at approximately $240,000. Teachers Advisors LLC boosted its position in Proto Labs by 3.7% in the 1st quarter. Teachers Advisors LLC now owns 44,891 shares of the industrial products company’s stock worth $2,294,000 after purchasing an additional 1,607 shares in the last quarter. California Public Employees Retirement System purchased a new stake in Proto Labs in the 1st quarter worth approximately $230,000. Vanguard Group Inc. boosted its position in Proto Labs by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 2,119,327 shares of the industrial products company’s stock worth $108,298,000 after purchasing an additional 103,656 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Proto Labs by 10.9% in the 1st quarter. Geode Capital Management LLC now owns 192,143 shares of the industrial products company’s stock worth $9,818,000 after purchasing an additional 18,925 shares in the last quarter.

PRLB has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Friday, November 3rd. BidaskClub downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $67.00 price objective on shares of Proto Labs in a report on Friday, July 28th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Proto Labs has an average rating of “Buy” and a consensus target price of $69.33.

Proto Labs Company Profile

Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.

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