Proto Labs, Inc. (PRLB) Surges to 52-Week High, Is Now Top Performer

March 15, 2018 - By Michael Collier

Investors sentiment decreased to 1.27 in 2017 Q3. Its down 0.07, from 1.34 in 2017Q2. It dropped, 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.
Metropolitan Life Ins Ny invested in 0.01% or 17,224 shares. Kornitzer Cap Mngmt Inc Ks has invested 0.01% in Proto Labs, Inc. (NYSE:PRLB). Maverick Ltd reported 58,940 shares. Disciplined Growth Invsts Mn has 1.6% invested in Proto Labs, Inc. (NYSE:PRLB). Blair William And Il owns 177,877 shares. Maryland-based Brown Capital Mgmt Ltd Liability Com has invested 3.72% in Proto Labs, Inc. (NYSE:PRLB). 8,785 are owned by California Public Employees Retirement Sys. Zeke Advsr has invested 0.05% in Proto Labs, Inc. (NYSE:PRLB). 8,483 are held by Fdx. State Street accumulated 0% or 587,239 shares. Ls Advisors Ltd Company has invested 0% in Proto Labs, Inc. (NYSE:PRLB). Savings Bank Of Ny Mellon reported 0.01% in Proto Labs, Inc. (NYSE:PRLB). Parkside State Bank has 1,239 shares. Hanseatic Management Svcs has invested 0.28% in Proto Labs, Inc. (NYSE:PRLB). Tiedemann Wealth Mngmt Ltd Liability Com has invested 0.03% in Proto Labs, Inc. (NYSE:PRLB).

Since December 11, 2017, it had 0 buys, and 4 insider sales for $844,978 activity. Another trade for 500 shares valued at $51,375 was made by Gawlick Rainer on Tuesday, January 2. On Monday, February 12 Bodor Robert sold $200,455 worth of Proto Labs, Inc. (NYSE:PRLB) or 1,891 shares.

The stock of Proto Labs, Inc. (NYSE:PRLB) hit a new 52-week high and has $126.59 target or 3.00 % above today’s $122.90 share price. The 7 months bullish chart indicates low risk for the $3.31B company. The 1-year high was reported on Mar, 15 by If the $126.59 price target is reached, the company will be worth $99.18 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 decreased 0.28% or $0.35 during the last trading session, reaching $122.9. About 25,422 shares traded. Proto Labs, Inc. (NYSE:PRLB) has risen 6.14% since March 15, 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 EPS, up 34.78 % or $0.16 from last year’s $0.46 per share. PRLB’s profit will be $16.68M for 49.56 P/E if the $0.62 EPS becomes a reality. After $0.53 actual EPS 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. Piper Jaffray maintained the stock with “Hold” rating in Thursday, October 26 report. On Tuesday, June 27 the stock rating was upgraded by Dougherty & Company to “Neutral”. Piper Jaffray maintained the shares of PRLB in report on Friday, October 13 with “Hold” rating. Piper Jaffray maintained it with “Hold” rating and $84.0 target in Wednesday, December 13 report. Oppenheimer maintained Proto Labs, Inc. (NYSE:PRLB) rating on Wednesday, August 26. Oppenheimer has “Outperform” rating and $88.0 target. The rating was maintained by Craig Hallum with “Hold” on Monday, November 27. The firm earned “Hold” rating on Thursday, July 27 by Piper Jaffray. FBR Capital initiated the shares of PRLB in report on Wednesday, May 11 with “Outperform” rating. Stephens downgraded the stock to “Equal-Weight” rating in Friday, April 29 report. On Wednesday, August 31 the stock rating was downgraded by Dougherty & Company to “Sell”.

More recent Proto Labs, Inc. (NYSE:PRLB) news were published by: which released: “Proto Labs (PRLB) Q4 2017 Results – Earnings Call Transcript” on February 08, 2018. Also published the news titled: “Proto Labs Completes Acquisition of RAPID, Rebrands It as ‘Rapid, a Proto Labs …” on December 01, 2017.‘s news article titled: “Proto Labs, Inc. to Present at the 20th Annual Needham Growth Conference” with publication date: January 04, 2018 was also an interesting one.

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 63.68 P/E ratio.

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