Proto Labs, Inc. (PRLB) Just Reaches 52-Week High?

March 20, 2018 - By Henry Gaston

Investors sentiment decreased to 1.27 in 2017 Q3. 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.
Federated Pa, a Pennsylvania-based fund reported 45,549 shares. Teachers Retirement Systems Of The State Of Kentucky has 7,800 shares. Citigroup owns 3,079 shares for 0% of their portfolio. Fifth Third Bancorporation stated it has 0% in Proto Labs, Inc. (NYSE:PRLB). Motley Fool Wealth Ltd Liability Corporation reported 0.36% in Proto Labs, Inc. (NYSE:PRLB). Capital Global Investors holds 282,000 shares. Capital Investment Services Of America has 1.9% invested in Proto Labs, Inc. (NYSE:PRLB). State Of Tennessee Treasury Department reported 20,814 shares. Envestnet Asset Mgmt holds 51,887 shares. Pnc Fin Svcs Group stated it has 11,353 shares. Geode Cap Mgmt Ltd Liability Corporation has 201,091 shares for 0.01% of their portfolio. Aperio Grp Incorporated Ltd holds 0% or 7,402 shares in its portfolio. 18,724 were reported by Manufacturers Life Insur Company The. Voya Mngmt Ltd Liability Company owns 11,192 shares or 0% of their US portfolio. Tiaa Cref Invest Limited invested 0% of its portfolio in Proto Labs, Inc. (NYSE:PRLB).

Since December 11, 2017, it had 0 buys, and 5 sales for $981,678 activity. $200,455 worth of Proto Labs, Inc. (NYSE:PRLB) shares were sold by Bodor Robert. The insider Gawlick Rainer sold 500 shares worth $51,375. Goodman John B sold $136,700 worth of Proto Labs, Inc. (NYSE:PRLB) on Wednesday, March 14.

The stock of Proto Labs, Inc. (NYSE:PRLB) hit a new 52-week high and has $131.53 target or 5.00 % above today’s $125.26 share price. The 8 months bullish chart indicates low risk for the $3.37B company. The 1-year high was reported on Mar, 20 by If the $131.53 price target is reached, the company will be worth $168.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.43% or $1.7622 during the last trading session, reaching $125.2622. About 33,927 shares traded. Proto Labs, Inc. (NYSE:PRLB) has risen 6.14% since March 20, 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 $16.68M for 50.51 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 has $92.0 highest and $45 lowest target. $78.67’s average target is -37.20% below currents $125.2622 stock price. Proto Labs had 15 analyst reports since August 26, 2015 according to SRatingsIntel. On Tuesday, June 27 the stock rating was upgraded by Dougherty & Company to “Neutral”. 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) earned “Hold” rating by Craig Hallum on Monday, November 27. The company was maintained on Friday, October 13 by Piper Jaffray. The firm earned “Hold” rating on Wednesday, December 13 by Piper Jaffray. Piper Jaffray maintained it with “Hold” rating and $6700 target in Thursday, July 27 report. The firm earned “Hold” rating on Monday, February 5 by Piper Jaffray. On Friday, April 28 the stock rating was maintained by Dougherty & Company with “Sell”. FBR Capital initiated Proto Labs, Inc. (NYSE:PRLB) rating on Wednesday, May 11. FBR Capital has “Outperform” rating and $80 target. The stock of Proto Labs, Inc. (NYSE:PRLB) earned “Hold” rating by Piper Jaffray on Thursday, October 26.

More news for Proto Labs, Inc. (NYSE:PRLB) were recently published by:, which released: “Proto Labs buys Brooklyn Park building, plans to add 150 new jobs” on March 16, 2018.‘s article titled: “Proto Labs Works for Capacity Expansion, Adds New Facility” and published on March 19, 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 $3.37 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 64.9 P/E ratio.

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