Proto Labs (NYSE:PRLB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “Proto Labs, Inc. is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production. It produces CNC machined and injection molded plastic parts. Proto Labs targets their services to product developers who use three-dimensional computer-aided design to develop products across a diverse range of end-markets. The Company has locations in the United States, the United Kingdom, Germany, Japan, Italy, France, and Spain. Proto Labs, Inc. is headquartered in Maple Plain, Minnesota. “

Other analysts have also issued reports about the company. BidaskClub lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Piper Jaffray Companies reissued a “hold” rating and issued a $84.00 price objective on shares of Proto Labs in a report on Thursday, December 14th. Finally, Craig Hallum set a $92.00 price objective on Proto Labs and gave the company a “hold” rating in a report on Monday, November 27th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $85.25.

Shares of Proto Labs (PRLB) opened at $109.35 on Friday. Proto Labs has a 52-week low of $48.00 and a 52-week high of $110.10. The stock has a market capitalization of $2,913.74, a PE ratio of 62.49, a PEG ratio of 2.38 and a beta of 1.07.

Proto Labs (NYSE:PRLB) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. Proto Labs had a return on equity of 11.63% and a net margin of 14.53%. The business had revenue of $88.10 million for the quarter, compared to analyst estimates of $85.68 million. During the same period in the previous year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. analysts predict that Proto Labs will post 1.89 EPS for the current fiscal year.

In related news, Director Rainer Gawlick sold 500 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $102.75, for a total value of $51,375.00. Following the completion of the sale, the director now directly owns 10,925 shares of the company’s stock, valued at $1,122,543.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert Bodor sold 4,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $94.79, for a total value of $379,160.00. Following the completion of the sale, the vice president now directly owns 20,578 shares of the company’s stock, valued at $1,950,588.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,556 shares of company stock valued at $1,814,101. 7.78% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Proto Labs by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,323 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 349 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in shares of Proto Labs by 0.9% during the second quarter. Pinebridge Investments L.P. now owns 3,212 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 29 shares during the last quarter. Amalgamated Bank bought a new position in shares of Proto Labs during the second quarter valued at approximately $230,000. Advisor Group Inc. grew its holdings in shares of Proto Labs by 3.6% during the second quarter. Advisor Group Inc. now owns 3,409 shares of the industrial products company’s stock valued at $230,000 after purchasing an additional 119 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Proto Labs during the third quarter valued at approximately $238,000.

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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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