Insider Selling: Proto Labs Inc (PRLB) Director Sells 2,715 Shares of Stock
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.
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.
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