Key Points
- Proto Labs director Rainer Gawlick bought 720 shares at an average price of $68.18, spending about $49,090. His ownership rose 1.56% to 46,813 shares.
- The company reported quarterly EPS of $0.63, topping the $0.60 analyst consensus, while revenue of $154.32 million beat estimates and grew 13.7% year over year.
- Analyst views are mixed: MarketBeat reports a “Moderate Buy” consensus and a $100.50 average price target, while some firms recently downgraded their ratings.
Proto Labs, Inc. (NYSE:PRLB - Get Free Report) Director Rainer Gawlick purchased 720 shares of the business's stock in a transaction dated Tuesday, November 3rd. The stock was purchased at an average price of $68.18 per share, for a total transaction of $49,089.60. Following the completion of the acquisition, the director owned 46,813 shares of the company's stock, valued at approximately $3,191,710.34. This represents a 1.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Proto Labs Stock Performance
NYSE:PRLB opened at $66.64 on Thursday. The company has a market cap of $1.59 billion, a PE ratio of 46.60 and a beta of 1.52. Proto Labs, Inc. has a 52-week low of $46.07 and a 52-week high of $99.96. The stock has a 50-day simple moving average of $85.67 and a 200 day simple moving average of $73.28.
Proto Labs (NYSE:PRLB - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.03. Proto Labs had a net margin of 6.04% and a return on equity of 5.40%. The company had revenue of $154.32 million for the quarter, compared to the consensus estimate of $149.31 million. During the same period last year, the company earned $0.47 earnings per share. The firm's revenue was up 13.7% compared to the same quarter last year. On average, research analysts predict that Proto Labs, Inc. will post 1.46 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Rice Hall James & Associates LLC bought a new stake in Proto Labs in the 2nd quarter valued at $8,882,000. Bank of America Corp DE acquired a new stake in Proto Labs during the 2nd quarter valued at $10,270,000. Quantinno Capital Management LP boosted its position in Proto Labs by 98.9% during the first quarter. Quantinno Capital Management LP now owns 27,716 shares of the industrial products company's stock worth $1,580,000 after purchasing an additional 13,781 shares during the period. BlackRock Inc. bought a new position in Proto Labs during the second quarter worth $317,581,000. Finally, State of Wyoming bought a new position in Proto Labs during the second quarter worth $1,334,000. 84.54% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently weighed in on PRLB. Weiss Ratings cut shares of Proto Labs from a "buy (b)" rating to a "hold (c+)" rating in a research note on Tuesday. Wall Street Zen downgraded shares of Proto Labs from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. Zacks Research lowered shares of Proto Labs from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 2nd. Needham & Company LLC increased their price target on shares of Proto Labs from $87.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, October 23rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of Proto Labs in a research note on Tuesday, October 27th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Proto Labs presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.50.
Get Our Latest Research Report on PRLB
Proto Labs Company Profile
(
Get Free Report)
Proto Labs, Inc (NYSE: PRLB), operating as Protolabs, is a digital manufacturing company that provides rapid prototyping and on-demand production services. The company uses automated quoting and manufacturing systems to help engineers and product developers produce custom parts without relying on traditional, lengthy tooling and procurement processes.
Protolabs offers computer numerical control (CNC) machining, injection molding, 3D printing and sheet-metal fabrication. Its services support the development and production of components in a range of materials and are used across industries including automotive, aerospace, medical, electronics and consumer products.
Founded in 1999 by entrepreneur Larry Lukis, the company has expanded its reach beyond its original U.S.
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