Proto Labs Inc (NYSE:PRLB) Director John B. Goodman sold 2,715 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $106.79, for a total transaction of $289,934.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Proto Labs Inc (NYSE:PRLB) traded up $2.35 during mid-day trading on Wednesday, reaching $108.80. The company’s stock had a trading volume of 187,395 shares, compared to its average volume of 172,906. Proto Labs Inc has a 1-year low of $48.00 and a 1-year high of $113.05. The company has a market cap of $2,817.80, a P/E ratio of 56.37, a price-to-earnings-growth ratio of 2.37 and a beta of 1.08.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.05. Proto Labs had a return on equity of 12.22% and a net margin of 15.03%. The business had revenue of $94.18 million during the quarter, compared to the consensus estimate of $92.20 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. sell-side analysts expect that Proto Labs Inc will post 2.19 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of PRLB. Victory Capital Management Inc. boosted its stake in Proto Labs by 15,548.3% in the 3rd quarter. Victory Capital Management Inc. now owns 363,509 shares of the industrial products company’s stock worth $29,190,000 after purchasing an additional 361,186 shares during the period. Lord Abbett & CO. LLC bought a new position in Proto Labs in the 2nd quarter worth approximately $21,351,000. Arrowstreet Capital Limited Partnership boosted its stake in Proto Labs by 585.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,884 shares of the industrial products company’s stock worth $18,116,000 after purchasing an additional 150,222 shares during the period. Brown Capital Management LLC boosted its stake in Proto Labs by 2.4% in the 4th quarter. Brown Capital Management LLC now owns 3,896,579 shares of the industrial products company’s stock worth $401,348,000 after purchasing an additional 92,395 shares during the period. Finally, Gs Investments Inc. bought a new position in Proto Labs in the 2nd quarter worth approximately $6,158,000.

Several research firms recently issued reports on PRLB. Zacks Investment Research raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a report on Tuesday, January 23rd. Piper Jaffray Companies reissued 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $86.50.

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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.

Insider Buying and Selling by Quarter for Proto Labs (NYSE:PRLB)

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