News stories about Proto Labs (NYSE:PRLB) have been trending somewhat positive on Monday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Proto Labs earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 94 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Delving into Shares of Independent Bank Corp. (NASDAQ:INDB) and Proto Labs, Inc. (NYSE:PRLB) From Top to Bottom – FLBC News (flbcnews.com)
- Proto Labs Inc (PRLB): What are the Medium Range Signals Telling Us? – Wall Street Review (thewallstreetreview.com)
- Investors Swarm in on Cooper-Standard Holdings Inc. (NYSE:CPS) and Proto Labs, Inc. (NYSE:PRLB) Shares – FLBC News (flbcnews.com)
- Proto Labs Sets Conference Call to Discuss Second Quarter 2017 Financial Results (finance.yahoo.com)
- ETFs with exposure to Proto Labs, Inc. : July 4, 2017 (finance.yahoo.com)
Proto Labs (NYSE:PRLB) traded up 0.30% during mid-day trading on Monday, hitting $67.75. The stock had a trading volume of 46,398 shares. The firm has a market cap of $1.79 billion, a P/E ratio of 40.57 and a beta of 0.93. Proto Labs has a 1-year low of $43.10 and a 1-year high of $70.10. The stock has a 50 day moving average of $65.08 and a 200-day moving average of $56.23.
Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.11. Proto Labs had a return on equity of 11.84% and a net margin of 14.48%. The firm had revenue of $80.20 million for the quarter, compared to the consensus estimate of $75.05 million. During the same quarter in the prior year, the business earned $0.44 EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Analysts predict that Proto Labs will post $2.04 EPS for the current fiscal year.
Several analysts have weighed in on the company. Zacks Investment Research raised Proto Labs from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Wednesday, May 3rd. Dougherty & Co lifted their target price on Proto Labs from $42.50 to $45.00 and gave the company a “sell” rating in a research note on Friday, April 28th. Finally, TheStreet raised Proto Labs from a “c+” rating to a “b-” rating in a research note on Friday, May 5th.
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In other news, Director John B. Tumelty sold 11,896 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $61.72, for a total value of $734,221.12. Following the transaction, the director now owns 4,299 shares of the company’s stock, valued at approximately $265,334.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rainer Gawlick sold 833 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $64.05, for a total value of $53,353.65. Following the completion of the transaction, the director now directly owns 6,258 shares in the company, valued at approximately $400,824.90. The disclosure for this sale can be found here. 7.78% of the stock is currently owned by corporate insiders.
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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