Stocks of Proto Labs Inc. (NYSE:PRLB) traded higher last session on Wall Street, up 3.73% to $23.94.
As we calculate the median target price by taking the range between a high of $49.00 and a low of $20.00, we find $42.00. Given the previous closing price of $23.08, this indicates a potential upside of 81.98 percent. PRLB stock price is now -33.92% away from the 50-day moving average and -47.19% away from the 200-day moving average. The market capitalization of the company currently stands at $625.79M.
Brokers who have rated the stock have averaged $37.00 as their price target over the next twelve months.
, while ‘The Benchmark Company’ rates the stock as ‘Hold’.
In other news, Bodor Robert, President and CEO bought 3,138 shares of the company’s stock on Dec 03. The stock was bought for $150,219 at an average price of $47.87. Upon completion of the transaction, the President and CEO now directly owns 24,694 shares in the company, valued at $0.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, Chief Technology Officer Baker Arthur R. III bought 10,000 shares of the business’s stock. A total of $492,100 was incurred on buying the stock at an average price of $49.21. This leaves the insider owning 30,613 shares of the company worth $0.73 million. Insiders disposed of 3,237 shares of company stock worth roughly $77493.78 over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PRLB stock. A new stake in Proto Labs Inc. shares was purchased by WEISS MULTI-STRATEGY ADVISERS LLC during the first quarter worth $1,946,000. PANAGORA ASSET MANAGEMENT INC invested $1,729,000 in shares of PRLB during the first quarter. In the first quarter, M&G INVESTMENT MANAGEMENT LTD acquired a new stake in Proto Labs Inc. valued at approximately $947,000. CORNERCAP INVESTMENT COUNSEL INC acquired a new stake in PRLB for approximately $502,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in PRLB valued at around $302,000 in the second quarter. In total, there are 315 active investors with 90.10% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $23.07 for Proto Labs Inc. (NYSE: PRLB). During the past 12 months, Proto Labs Inc. has had a low of $22.04 and a high of $61.18. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.20, and a quick ratio of 2.90. The fifty day moving average price for PRLB is $35.94 and a two-hundred day moving average price translates $45.22 for the stock.
The latest earnings results from Proto Labs Inc. (NYSE: PRLB) was released for Jun, 2022. According to the Metal Fabrication Company, earnings per share came in at $0.46, beating analysts’ expectations of $0.39 by 0.07. This compares to $0.17 EPS in the same period last year. The net profit margin was 4.70% and return on equity was 2.90% for PRLB. The company reported revenue of $121.72 million for the quarter, compared to $125.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.89 percent. For the current quarter, analysts expect PRLB to generate $126.11M in revenue.
Proto Labs Inc.(PRLB) Company Profile
Proto Labs, Inc., together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabrication products, including quick-turn and e-commerce-enabled custom sheet metal parts. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end markets. The company was incorporated in 1999 and is headquartered in Maple Plain, Minnesota.