Rainer Gawlick Sells 1,500 Shares of Proto Labs, Inc. (PRLB) Stock
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.
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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