Shares of Proto Labs Inc (NYSE:PRLB) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $100.33.
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 $120.00 target price on the stock in a report on Saturday, January 13th. Piper Jaffray Companies restated a “hold” rating and issued a $84.00 target price on shares of Proto Labs in a report on Thursday, December 14th. 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 down $1.70 during mid-day trading on Friday, hitting $105.90. 509,498 shares of the company’s stock traded hands, compared to its average volume of 155,453. The stock has a market capitalization of $2,770.00, a P/E ratio of 54.87, a PEG ratio of 2.43 and a beta of 1.08. Proto Labs has a 52-week low of $48.00 and a 52-week high of $113.05.
In other news, Director Rainer Gawlick sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $90.31, for a total value of $135,465.00. Following the transaction, the director now owns 6,925 shares in the company, valued at $625,396.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John B. Tumelty sold 13,556 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was 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. Insiders sold 19,556 shares of company stock worth $1,814,101 in the last 90 days. Company insiders own 7.78% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Proto Labs by 2.4% in the fourth quarter. BlackRock Inc. now owns 3,053,965 shares of the industrial products company’s stock valued at $314,558,000 after acquiring an additional 72,731 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Proto Labs by 2.7% in 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 acquiring an additional 56,724 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Proto Labs by 2.1% in the third quarter. New York State Common Retirement Fund now owns 651,475 shares of the industrial products company’s stock valued at $52,313,000 after acquiring an additional 13,206 shares in the last quarter. State Street Corp boosted its holdings in Proto Labs by 5.2% in the second quarter. State Street Corp now owns 595,748 shares of the industrial products company’s stock valued at $40,063,000 after acquiring an additional 29,561 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its holdings in Proto Labs by 16.1% in the fourth quarter. Conestoga Capital Advisors LLC now owns 588,419 shares of the industrial products company’s stock valued at $60,607,000 after acquiring an additional 81,745 shares in the last quarter.
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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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