Will Proto Labs, Inc. (PRLB) Run Out of Steam Soon?

March 14, 2018 - By Dolores Ford

Investors sentiment decreased to 1.27 in Q3 2017. Its down 0.07, from 1.34 in 2017Q2. It is negative, as 14 investors sold Proto Labs, Inc. shares while 56 reduced holdings. 31 funds opened positions while 58 raised stakes. 26.02 million shares or 0.95% less from 26.27 million shares in 2017Q2 were reported.
Peak6 L P reported 0.01% of its portfolio in Proto Labs, Inc. (NYSE:PRLB). Moreover, Ftb Advsr has 0% invested in Proto Labs, Inc. (NYSE:PRLB) for 158 shares. Bradley Foster & Sargent Ct stated it has 0.02% in Proto Labs, Inc. (NYSE:PRLB). Victory Mngmt reported 363,509 shares. Aperio Ltd has 7,402 shares for 0% of their portfolio. Cubist Systematic Strategies Limited Liability Co holds 0.01% of its portfolio in Proto Labs, Inc. (NYSE:PRLB) for 2,958 shares. Maryland-based Profund Advsr Limited Liability Company has invested 0.01% in Proto Labs, Inc. (NYSE:PRLB). Wellington Grp Llp invested in 0% or 19,112 shares. Bank Of America Corp De, a North Carolina-based fund reported 211,279 shares. 41,700 were accumulated by United Svcs Automobile Association. 7,800 were reported by Teachers Retirement Systems Of The State Of Kentucky. Wells Fargo And Communications Mn has invested 0% in Proto Labs, Inc. (NYSE:PRLB). First Advsr L P has invested 0.02% in Proto Labs, Inc. (NYSE:PRLB). The Massachusetts-based Geode Mngmt Ltd Liability Company has invested 0.01% in Proto Labs, Inc. (NYSE:PRLB). Mairs And Pwr, Minnesota-based fund reported 492,952 shares.

Since December 11, 2017, it had 0 insider buys, and 4 selling transactions for $844,978 activity. $200,455 worth of stock was sold by Bodor Robert on Monday, February 12. 2,000 Proto Labs, Inc. (NYSE:PRLB) shares with value of $214,000 were sold by WEHRWEIN SVEN.

The stock of Proto Labs, Inc. (NYSE:PRLB) reached all time high today, Mar, 14 and still has $130.33 target or 6.00 % above today’s $122.95 share price. This indicates more upside for the $3.31 billion company. This technical setup was reported by Barchart.com. If the $130.33 PT is reached, the company will be worth $198.48M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.90% or $1.1 during the last trading session, reaching $122.95. About 80,822 shares traded. Proto Labs, Inc. (NYSE:PRLB) has risen 6.14% since March 14, 2017 and is uptrending. It has underperformed by 10.56% the S&P500.

Analysts await Proto Labs, Inc. (NYSE:PRLB) to report earnings on April, 26. They expect $0.62 earnings per share, up 34.78 % or $0.16 from last year’s $0.46 per share. PRLB’s profit will be $16.68 million for 49.58 P/E if the $0.62 EPS becomes a reality. After $0.53 actual earnings per share reported by Proto Labs, Inc. for the previous quarter, Wall Street now forecasts 16.98 % EPS growth.

Proto Labs, Inc. (NYSE:PRLB) Ratings Coverage

Among 8 analysts covering Proto Labs (NYSE:PRLB), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Proto Labs had 15 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of Proto Labs, Inc. (NYSE:PRLB) earned “Hold” rating by Needham on Thursday, October 26. The rating was maintained by Piper Jaffray with “Hold” on Wednesday, December 13. As per Monday, November 27, the company rating was maintained by Craig Hallum. FBR Capital initiated Proto Labs, Inc. (NYSE:PRLB) on Wednesday, May 11 with “Outperform” rating. The firm has “Hold” rating by Piper Jaffray given on Monday, February 5. The stock of Proto Labs, Inc. (NYSE:PRLB) earned “Outperform” rating by Oppenheimer on Wednesday, August 26. The stock of Proto Labs, Inc. (NYSE:PRLB) has “Buy” rating given on Thursday, October 15 by Canaccord Genuity. The company was upgraded on Tuesday, June 27 by Dougherty & Company. As per Friday, October 13, the company rating was maintained by Piper Jaffray. The firm has “Equal-Weight” rating given on Friday, April 29 by Stephens.

More news for Proto Labs, Inc. (NYSE:PRLB) were recently published by: Seekingalpha.com, which released: “Proto Labs (PRLB) Q4 2017 Results – Earnings Call Transcript” on February 08, 2018. Businesswire.com‘s article titled: “Proto Labs, Inc. to Present at the 20th Annual Needham Growth Conference” and published on January 04, 2018 is yet another important article.

Proto Labs, Inc., together with its subsidiaries, operates as an e-commerce enabled digital maker of custom parts for prototyping and short-run production in the Unites States, Europe, and Japan. The company has market cap of $3.31 billion. The firm utilizes injection molding, computer numerical control machining, and three-dimensional printing to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products in the medical, aerospace, computer/electronics, consumer products, industrial machinery, and other markets. It has a 63.7 P/E ratio.

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