What’s Propelling Proto Labs, Inc. (PRLB) to Reach 52-Week High?

December 7, 2017 - By reb123z

Investors sentiment increased to 1.34 in Q2 2017. Its up 0.25, from 1.09 in 2017Q1. It increased, as 16 investors sold Proto Labs, Inc. shares while 51 reduced holdings. 30 funds opened positions while 60 raised stakes. 26.27 million shares or 1.02% less from 26.54 million shares in 2017Q1 were reported.
Us Retail Bank De stated it has 0.01% in Proto Labs, Inc. (NYSE:PRLB). The Connecticut-based Matarin Cap Management Llc has invested 0% in Proto Labs, Inc. (NYSE:PRLB). Arrowmark Colorado Limited Liability Corporation reported 1.19% of its portfolio in Proto Labs, Inc. (NYSE:PRLB). Huntington Fincl Bank stated it has 0% of its portfolio in Proto Labs, Inc. (NYSE:PRLB). Evercore Wealth Management Limited holds 216 shares. 1,183 were reported by Creative Planning. Ls Advsr Limited Liability Co stated it has 0% of its portfolio in Proto Labs, Inc. (NYSE:PRLB). Deutsche National Bank & Trust Ag owns 51,353 shares. California Public Employees Retirement reported 3,800 shares or 0% of all its holdings. California State Teachers Retirement invested in 43,916 shares or 0.01% of the stock. Sg Americas Secs accumulated 0% or 1,845 shares. Blackrock accumulated 2.88M shares. Mason Street Ltd Liability holds 0.01% in Proto Labs, Inc. (NYSE:PRLB) or 6,011 shares. Denver Advsr Lc reported 16,420 shares or 0.05% of all its holdings. Schroder Inv Mngmt Grp Incorporated holds 98,002 shares.

The stock of Proto Labs, Inc. (NYSE:PRLB) hit a new 52-week high and has $107.09 target or 9.00 % above today’s $98.25 share price. The 8 months bullish chart indicates low risk for the $2.62B company. The 1-year high was reported on Dec, 7 by Barchart.com. If the $107.09 price target is reached, the company will be worth $235.62 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 0.62% or $0.6 during the last trading session, reaching $98.25. About 11,145 shares traded. Proto Labs, Inc. (NYSE:PRLB) has risen 6.14% since December 7, 2016 and is uptrending. It has underperformed by 10.56% the S&P500.

Analysts await Proto Labs, Inc. (NYSE:PRLB) to report earnings on February, 8. They expect $0.49 EPS, up 40.00 % or $0.14 from last year’s $0.35 per share. PRLB’s profit will be $13.06 million for 50.13 P/E if the $0.49 EPS becomes a reality. After $0.49 actual EPS reported by Proto Labs, Inc. for the previous quarter, Wall Street now forecasts 0.00 % 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. $76.33’s average target is -22.31% below currents $98.25 stock price. Proto Labs had 13 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Dougherty & Company given on Tuesday, June 27. The firm earned “Sell” rating on Friday, April 28 by Dougherty & Company. The company was maintained on Thursday, October 26 by Needham. The stock of Proto Labs, Inc. (NYSE:PRLB) earned “Outperform” rating by Oppenheimer on Wednesday, August 26. Canaccord Genuity upgraded it to “Buy” rating and $75 target in Thursday, October 15 report. The company was maintained on Thursday, October 26 by Piper Jaffray. Stephens downgraded the stock to “Equal-Weight” rating in Friday, April 29 report. Piper Jaffray maintained the stock with “Hold” rating in Thursday, July 27 report. On Friday, October 13 the stock rating was maintained by Piper Jaffray with “Hold”. Dougherty & Company downgraded Proto Labs, Inc. (NYSE:PRLB) rating on Wednesday, August 31. Dougherty & Company has “Sell” rating and $50 target.

More notable recent Proto Labs, Inc. (NYSE:PRLB) news were published by: Fool.com which released: “Proto Labs Posts Solid Earnings, Driven by 3D Printing and CNC Machining” on July 28, 2017, also Fool.com with their article: “3D Printing News: Proto Labs Has a Lot to Prove on Thursday When It Reports Q2 …” published on July 23, 2017, Seekingalpha.com published: “Proto Labs (PRLB) Q2 2017 Results – Earnings Call Transcript” on July 27, 2017. More interesting news about Proto Labs, Inc. (NYSE:PRLB) were released by: Businesswire.com and their article: “Proto Labs Reaches Agreement to Acquire RAPID, Expands Services with Sheet …” published on November 21, 2017 as well as Fool.com‘s news article titled: “Why Proto Labs Inc.’s Shares Popped 17% Today” with publication date: February 09, 2017.

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 $2.62 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 56.15 P/E ratio.

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