Proto Labs, Inc. (NYSE:PRLB) received a $92.00 target price from equities research analysts at Craig Hallum in a research report issued to clients and investors on Monday. The firm currently has a “hold” rating on the industrial products company’s stock. Craig Hallum’s price target points to a potential downside of 1.55% from the stock’s previous close.

Several other equities analysts also recently weighed in on PRLB. BidaskClub downgraded shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Friday, November 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Proto Labs currently has a consensus rating of “Hold” and an average target price of $75.00.

Proto Labs (NYSE:PRLB) traded up $1.00 during trading hours on Monday, hitting $93.45. 3,517 shares of the stock traded hands, compared to its average volume of 193,608. The stock has a market capitalization of $2,460.00, a P/E ratio of 52.83, a P/E/G ratio of 2.32 and a beta of 1.03. Proto Labs has a 12-month low of $48.00 and a 12-month high of $93.15.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The firm had revenue of $88.10 million for the quarter, compared to the consensus estimate of $85.68 million. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. analysts forecast that Proto Labs will post 1.9 earnings per share for the current year.

In related news, Director Rainer Gawlick sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $90.31, for a total transaction of $135,465.00. Following the completion of the sale, the director now directly owns 6,925 shares in the company, valued at $625,396.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.78% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in PRLB. Teachers Advisors LLC increased its position in shares of Proto Labs by 3.7% during the first quarter. Teachers Advisors LLC now owns 44,891 shares of the industrial products company’s stock valued at $2,294,000 after acquiring an additional 1,607 shares during the last quarter. California Public Employees Retirement System acquired a new stake in shares of Proto Labs during the first quarter valued at about $230,000. Dimensional Fund Advisors LP increased its position in shares of Proto Labs by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 351,431 shares of the industrial products company’s stock valued at $17,958,000 after acquiring an additional 44,535 shares during the last quarter. UBS Group AG increased its position in shares of Proto Labs by 128.0% during the first quarter. UBS Group AG now owns 2,603 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 11,895 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Proto Labs by 4.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 104,131 shares of the industrial products company’s stock valued at $5,322,000 after acquiring an additional 4,342 shares during the last quarter.

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Proto Labs Company Profile

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.

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