The stock of Proto Labs Inc (NYSE:PRLB) is a huge mover today! The stock decreased 3.37% or $2.02 during the last trading session, hitting $57.89. About 446,704 shares traded hands or 67.81% up from the average. Proto Labs Inc (NYSE:PRLB) has declined 13.99% since March 1, 2016 and is downtrending. It has underperformed by 26.21% the S&P500.
The move comes after 9 months negative chart setup for the $1.55 billion company. It was reported on Oct, 4 by Barchart.com. We have $55.00 PT which if reached, will make NYSE:PRLB worth $77.50 million less.
Analysts await Proto Labs Inc (NYSE:PRLB) to report earnings on October, 27. They expect $0.49 EPS, up 2.08% or $0.01 from last year’s $0.48 per share. PRLB’s profit will be $13.12M for 29.54 P/E if the $0.49 EPS becomes a reality. After $0.41 actual EPS reported by Proto Labs Inc for the previous quarter, Wall Street now forecasts 19.51% EPS growth.
Proto Labs Inc (NYSE:PRLB) Ratings Coverage
Out of 6 analysts covering Proto Labs (NYSE:PRLB), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. Proto Labs has been the topic of 6 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock of Proto Labs Inc (NYSE:PRLB) has “Sell” rating given on Wednesday, August 31 by Dougherty & Company. The firm earned “Outperform” rating on Wednesday, May 11 by FBR Capital. The company was maintained on Wednesday, August 26 by Oppenheimer. The firm has “Buy” rating given on Thursday, October 15 by Canaccord Genuity. On Friday, April 29 the stock rating was downgraded by Stephens to “Equal-Weight”.
According to Zacks Investment Research, “Proto Labs, Inc. is an online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production. It produces CNC machined and injection molded plastic parts. Proto Labs targets their services to product developers who use three-dimensional computer-aided design to develop products across a diverse range of end-markets. The Company has locations in the United States, the United Kingdom, Germany, Japan, Italy, France, and Spain. Proto Labs, Inc. is headquartered in Maple Plain, Minnesota.”
Insitutional Activity: The institutional sentiment increased to 1.69 in Q2 2016. Its up 0.23, from 1.46 in 2016Q1. The ratio is positive, as 27 funds sold all Proto Labs Inc shares owned while 47 reduced positions. 35 funds bought stakes while 90 increased positions. They now own 27.83 million shares or 0.26% less from 27.90 million shares in 2016Q1.
Archon Limited Com holds 7.35% of its portfolio in Proto Labs Inc (NYSE:PRLB) for 106,100 shares. Lpl Financial Limited Liability owns 6,313 shares or 0% of their US portfolio. Blackrock Advisors Limited Company holds 0% of its portfolio in Proto Labs Inc (NYSE:PRLB) for 11,623 shares. Congress Asset Mngmt Co Ma last reported 0.09% of its portfolio in the stock. The California-based Rosenblum Silverman Sutton S F Ca has invested 0.31% in Proto Labs Inc (NYSE:PRLB). Moreover, Da Davidson & Co has 0.01% invested in Proto Labs Inc (NYSE:PRLB) for 4,463 shares. Teachers Retirement Systems Of The State Of Kentucky owns 9,200 shares or 0.01% of their US portfolio. Granahan Investment Incorporated Ma holds 105,450 shares or 0.22% of its portfolio. Johnson Inv Counsel Inc reported 57,542 shares or 0.11% of all its holdings. Paradigm Asset Company Limited Liability Corporation holds 0% or 1,200 shares in its portfolio. The Alabama-based Mesirow Inv Mgmt has invested 0.98% in Proto Labs Inc (NYSE:PRLB). Crestwood Cap Management Lp has 401,958 shares for 5.81% of their US portfolio. Teacher Retirement Systems Of Texas holds 0% or 3,391 shares in its portfolio. Mycio Wealth Prns Limited Liability Com holds 313 shares or 0% of its portfolio. Hsbc Hldgs Public Limited Liability last reported 4,114 shares in the company.
Insider Transactions: Since April 4, 2016, the stock had 2 buys, and 2 insider sales for $75,767 net activity. Gawlick Rainer also sold $21,848 worth of Proto Labs Inc (NYSE:PRLB) shares. $165,000 worth of Proto Labs Inc (NYSE:PRLB) shares were bought by Baker Arthur R. III. 1,900 shares were bought by HOLT VICTORIA M, worth $101,081 on Thursday, September 1. Another trade for 19,844 shares valued at $1.54M was made by Schneider Jacqueline D. on Monday, April 4.
More notable recent Proto Labs Inc (NYSE:PRLB) news were published by: Fool.com which released: “Proto Labs Inc.’s Expenses Trumped Revenue Growth in Q2” on July 28, 2016, also Fool.com with their article: “Why Proto Labs Inc. Machined Gains on Thursday” published on February 04, 2016, Fool.com published: “Why Proto Labs Stock Is Crashing” on April 28, 2016. More interesting news about Proto Labs Inc (NYSE:PRLB) were released by: Fool.com and their article: “Why Proto Labs Inc. Stock Jumped Nearly 15% in March” published on April 06, 2016 as well as Fool.com‘s news article titled: “3 Reasons Proto Labs, Inc. Is Crushing 3D Systems and Stratasys in 2015” with publication date: December 05, 2015.
PRLB Company Profile
Proto Labs, Inc., incorporated on May 5, 1999, is an online and technology-enabled maker of on-demand three-dimensional (3D)-printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Firm makes parts for product developers and engineers across the world. The Firm utilizes injection molding, CNC machining and 3D printing to manufacture custom parts for its customers. The Firm targets its products to the product developers and engineers who use three-dimensional computer-aided design (3D CAD) software to design products across a range of end-markets. The Firm has activities in the United States, Europe and Japan.
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