Shares of Proto Labs Inc (NYSE:PRLB) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $121.50 and last traded at $121.60, with a volume of 40828 shares trading hands. The stock had previously closed at $119.85.
A number of research firms have recently issued reports on PRLB. Craig Hallum set a $92.00 price objective on Proto Labs and gave the company a “hold” rating in a research report on Monday, November 27th. Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Thursday, January 4th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $84.00 price target on shares of Proto Labs in a research report on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $85.00.
The stock has a market capitalization of $3,198.55, a PE ratio of 62.64, a price-to-earnings-growth ratio of 2.43 and a beta of 1.04.
In other Proto Labs news, VP Robert Bodor sold 1,891 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $106.00, for a total value of $200,446.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John B. Goodman sold 2,715 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $106.79, for a total value of $289,934.85. The disclosure for this sale can be found here. Insiders sold 5,106 shares of company stock worth $541,756 over the last quarter. Company insiders own 7.78% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in Proto Labs by 73.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,280 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 544 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Proto Labs by 52.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,375 shares of the industrial products company’s stock valued at $142,000 after buying an additional 471 shares during the period. Shelton Capital Management acquired a new position in Proto Labs in the fourth quarter valued at about $225,000. LS Investment Advisors LLC lifted its stake in Proto Labs by 143.8% in the fourth quarter. LS Investment Advisors LLC now owns 2,309 shares of the industrial products company’s stock valued at $238,000 after buying an additional 1,362 shares during the period. Finally, Hengehold Capital Management LLC acquired a new position in Proto Labs in the fourth quarter valued at about $254,000. 98.99% of the stock is currently owned by institutional investors.
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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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