Proto Labs, Inc. (NYSE:PRLB) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $98.67.

Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Saturday. Piper Jaffray Companies reiterated a “hold” rating and set a $84.00 target price on shares of Proto Labs in a report on Thursday, December 14th. BidaskClub cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Finally, Craig Hallum set a $92.00 target price on shares of Proto Labs and gave the stock a “hold” rating in a report on Monday, November 27th.

Proto Labs (PRLB) traded up $2.05 during midday trading on Tuesday, hitting $109.35. 96,600 shares of the stock were exchanged, compared to its average volume of 118,811. The company has a market capitalization of $2,910.00, a PE ratio of 62.13, a PEG ratio of 2.38 and a beta of 1.07. Proto Labs has a 12-month low of $48.00 and a 12-month high of $110.10.

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

In other Proto Labs news, Director Rainer Gawlick sold 1,500 shares of the 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 completion of the sale, the director now directly owns 6,925 shares of the company’s stock, valued at $625,396.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John B. Tumelty sold 13,556 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $92.07, for a total transaction of $1,248,100.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,556 shares of company stock worth $1,814,101. 7.78% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Proto Labs by 2.7% during the second quarter. Vanguard Group Inc. now owns 2,176,051 shares of the industrial products company’s stock valued at $146,339,000 after buying an additional 56,724 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Proto Labs by 411.4% during the second quarter. Janus Henderson Group PLC now owns 1,301,429 shares of the industrial products company’s stock valued at $87,521,000 after buying an additional 1,046,960 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Proto Labs during the third quarter valued at about $915,000. Victory Capital Management Inc. lifted its position in shares of Proto Labs by 15,548.3% during the third quarter. Victory Capital Management Inc. now owns 363,509 shares of the industrial products company’s stock valued at $29,190,000 after buying an additional 361,186 shares during the last quarter. Finally, FMR LLC purchased a new stake in shares of Proto Labs during the second quarter valued at about $861,000.

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About Proto Labs

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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