The stock of Proto Labs Inc (NYSE:PRLB) is a huge mover today! About 301,679 shares traded hands. Proto Labs Inc (NYSE:PRLB) has declined 37.44% since April 8, 2016 and is downtrending. It has underperformed by 43.08% the S&P500.
The move comes after 5 months positive chart setup for the $1.39 billion company. It was reported on Nov, 10 by Barchart.com. We have $61.24 PT which if reached, will make NYSE:PRLB worth $305.80M more.
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. As per Wednesday, August 26, the company rating was maintained by Oppenheimer. Canaccord Genuity upgraded the stock to “Buy” rating in Thursday, October 15 report. On Wednesday, August 31 the stock rating was downgraded by Dougherty & Company to “Sell”. The rating was downgraded by Stephens on Friday, April 29 to “Equal-Weight”. On Wednesday, May 11 the stock rating was initiated by FBR Capital with “Outperform”.
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 increased, 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.
The California-based Rech Global has invested 0.01% in Proto Labs Inc (NYSE:PRLB). Cornerstone Advisors Inc has invested 0.02% of its portfolio in Proto Labs Inc (NYSE:PRLB). Arizona State Retirement System accumulated 12,300 shares or 0.01% of the stock. Grp has 18,189 shares for 0% of their US portfolio. Kayne Anderson Rudnick Mgmt Ltd Liability has 26,533 shares for 0.02% of their US portfolio. The Switzerland-based Swiss Natl Bank has invested 0% in Proto Labs Inc (NYSE:PRLB). Moreover, Checchi Advisers Ltd Liability Corp has 0% invested in Proto Labs Inc (NYSE:PRLB) for 3 shares. Capstone Asset Management Company owns 8,433 shares or 0.01% of their US portfolio. Ladenburg Thalmann Services Inc has 0% invested in the company for 1,947 shares. Comm Comml Bank accumulated 6,595 shares or 0.01% of the stock. Granahan Inv Management Ma reported 105,450 shares or 0.22% of all its holdings. Trexquant L P, a Connecticut-based fund reported 8,883 shares. Moreover, Boothbay Fund Management Ltd Limited Liability Company has 0.12% invested in Proto Labs Inc (NYSE:PRLB) for 4,555 shares. Manufacturers Life Company The has 16,645 shares for 0% of their US portfolio. Invesco has 0% invested in the company for 17,950 shares.
Insider Transactions: Since May 19, 2016, the stock had 2 buys, and 1 sale for $244,233 net activity. Shares for $101,081 were bought by HOLT VICTORIA M on Thursday, September 1. Gawlick Rainer had sold 357 shares worth $21,848 on Thursday, May 19. $165,000 worth of Proto Labs Inc (NYSE:PRLB) was bought by Baker Arthur R. III.
More notable recent Proto Labs Inc (NYSE:PRLB) news were published by: Fool.com which released: “Why Proto Labs Inc Shares Plunged 25% Last Month” on November 08, 2016, also Fool.com with their article: “Proto Labs Inc. Earnings on Thursday: 3 Things to Watch” published on July 25, 2016, Fool.com published: “The Record-Breaking Streak Ends at Proto Labs, Inc.” 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: “Proto Labs Inc. Manufactures Another Record” with publication date: February 04, 2016.
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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