Proto Labs (NYSE:PRLB) Earns Daily News Impact Score of 0.24

Press coverage about Proto Labs (NYSE:PRLB) has trended somewhat positive on Saturday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Proto Labs earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 47.1011934383091 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

PRLB has been the subject of several research analyst reports. Zacks Investment Research raised Proto Labs from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Wednesday, May 3rd. Dougherty & Co raised Proto Labs from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 27th. TheStreet raised Proto Labs from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $67.00 price objective on shares of Proto Labs in a research report on Friday, July 28th. Four analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $60.75.

Shares of Proto Labs (PRLB) opened at 69.55 on Friday. The company has a 50-day moving average price of $71.18 and a 200-day moving average price of $60.83. Proto Labs has a 12 month low of $43.10 and a 12 month high of $75.55. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 40.44 and a beta of 0.93.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.06. Proto Labs had a net margin of 14.59% and a return on equity of 11.75%. The business had revenue of $82.04 million during the quarter, compared to analyst estimates of $80.49 million. During the same period last year, the business posted $0.45 earnings per share. Proto Labs’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Proto Labs will post $2.06 EPS for the current year.

In other Proto Labs news, VP Robert Bodor sold 741 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $73.84, for a total value of $54,715.44. Following the completion of the sale, the vice president now directly owns 17,319 shares in the company, valued at $1,278,834.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rainer Gawlick sold 833 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $64.05, for a total transaction of $53,353.65. Following the completion of the sale, the director now owns 6,258 shares of the company’s stock, valued at $400,824.90. The disclosure for this sale can be found here. Insiders sold 4,833 shares of company stock valued at $342,782 over the last 90 days. 7.78% of the stock is currently owned by company insiders.

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About Proto Labs

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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