News stories about Proto Labs (NYSE:PRLB) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media 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 negative one to positive one, with scores closest to one being the most favorable. Proto Labs earned a news impact score of 0.04 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.3800643449792 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
PRLB has been the topic of a number of research reports. Zacks Investment Research cut shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Craig Hallum set a $92.00 price objective on shares of Proto Labs and gave the company a “hold” rating in a research note on Monday, November 27th. BidaskClub cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $84.00 price objective on shares of Proto Labs in a research note 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 stock. Proto Labs has an average rating of “Hold” and an average price target of $86.50.
Shares of Proto Labs (NYSE:PRLB) traded up $0.30 during midday trading on Thursday, reaching $111.15. 71,706 shares of the company were exchanged, compared to its average volume of 130,282. The firm has a market cap of $2,960.00, a PE ratio of 63.15, a price-to-earnings-growth ratio of 2.45 and a beta of 1.07. Proto Labs has a 12-month low of $48.00 and a 12-month high of $113.05.
In other Proto Labs news, VP Robert Bodor sold 4,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $94.79, for a total transaction of $379,160.00. Following the sale, the vice president now directly owns 20,578 shares of the company’s stock, valued at approximately $1,950,588.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John B. Tumelty sold 13,556 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $92.07, for a total transaction of $1,248,100.92. The disclosure for this sale can be found here. Insiders have sold a total of 19,556 shares of company stock worth $1,814,101 over the last ninety days. 7.78% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: This report was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.com-unik.info/2018/01/25/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-proto-labs-prlb-stock-price.html.
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.
Receive News & Ratings for Proto Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Proto Labs and related companies with MarketBeat.com's FREE daily email newsletter.