Proto Labs (NYSE:PRLB) Lowered to Hold at ValuEngine

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ValuEngine lowered shares of Proto Labs (NYSE:PRLB) from a buy rating to a hold rating in a research report released on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a buy rating to a hold rating in a research note on Wednesday, June 26th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $134.00.

Shares of NYSE:PRLB opened at $109.13 on Thursday. The company has a current ratio of 4.89, a quick ratio of 4.67 and a debt-to-equity ratio of 0.02. Proto Labs has a fifty-two week low of $94.20 and a fifty-two week high of $166.60. The firm’s 50-day simple moving average is $105.78. The company has a market cap of $2.93 billion, a P/E ratio of 38.84, a PEG ratio of 1.35 and a beta of 1.57.

Proto Labs (NYSE:PRLB) last posted its earnings results on Thursday, April 25th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. The firm had revenue of $113.50 million during the quarter, compared to analyst estimates of $115.24 million. Proto Labs had a net margin of 16.41% and a return on equity of 13.86%. Proto Labs’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. As a group, analysts expect that Proto Labs will post 2.47 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of PRLB. Executive Wealth Management LLC acquired a new position in Proto Labs during the 4th quarter valued at about $30,000. Parallel Advisors LLC acquired a new position in Proto Labs during the 1st quarter valued at about $34,000. Brand Asset Management Group Inc. acquired a new position in Proto Labs during the 1st quarter valued at about $45,000. Icon Wealth Partners LLC acquired a new position in Proto Labs during the 1st quarter valued at about $57,000. Finally, Nisa Investment Advisors LLC boosted its stake in Proto Labs by 18.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 950 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 150 shares during the period. 91.13% of the stock is owned by hedge funds and other institutional investors.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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