Proto Labs (NYSE:PRLB) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Proto Labs (NYSE:PRLB – Get Rating) from a buy rating to a hold rating in a report published on Monday morning.

A number of other analysts also recently issued reports on PRLB. Lake Street Capital lifted their price target on Proto Labs from $37.50 to $40.00 in a research report on Monday, February 13th. Benchmark upgraded Proto Labs from a hold rating to a buy rating and set a $45.00 target price for the company in a research report on Monday, February 13th. Craig Hallum boosted their target price on Proto Labs from $20.00 to $25.00 and gave the stock a sell rating in a research report on Monday, February 13th. Finally, TheStreet downgraded Proto Labs from a c- rating to a d rating in a research report on Friday, February 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $36.67.

Proto Labs Trading Down 2.9 %

Shares of PRLB opened at $31.76 on Monday. The company has a market cap of $847.36 million, a PE ratio of -8.31 and a beta of 1.16. The stock has a 50-day moving average price of $30.53 and a 200-day moving average price of $31.52. Proto Labs has a 12-month low of $22.04 and a 12-month high of $56.68.

Institutional Trading of Proto Labs

A number of hedge funds have recently bought and sold shares of the company. Inspire Investing LLC increased its stake in Proto Labs by 27.9% in the 3rd quarter. Inspire Investing LLC now owns 5,694 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 1,241 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Proto Labs by 1.0% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,087,084 shares of the industrial products company’s stock worth $39,602,000 after purchasing an additional 11,047 shares during the period. Caxton Associates LP increased its stake in Proto Labs by 4.2% in the 3rd quarter. Caxton Associates LP now owns 12,895 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 523 shares during the period. Barclays PLC increased its stake in Proto Labs by 26.3% in the 3rd quarter. Barclays PLC now owns 20,752 shares of the industrial products company’s stock worth $756,000 after purchasing an additional 4,324 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in Proto Labs by 37.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 186,778 shares of the industrial products company’s stock worth $6,804,000 after purchasing an additional 50,769 shares during the period. Institutional investors own 88.41% of the company’s stock.

About Proto Labs

(Get Rating)

Proto Labs, Inc engages in the manufacture of custom prototypes and production parts. It offers 3D printing, CNC machining, and injection molding services. The company was founded by Lawrence J. Lukis and Gregg Bloom on May 5, 1999 and is headquartered in Maple Plain, MN.