Proto Labs, Inc. (PRLB) Reaches $109.35 High on Jan, 14; Wells Fargo Advantage Income Opportunities Fund Has 1.05 Sentiment

January 14, 2018 - By Maria Brooks

The stock of Proto Labs, Inc. (NYSE:PRLB) reached all time high today, Jan, 14 and still has $112.63 target or 3.00% above today’s $109.35 share price. This indicates more upside for the $2.91B company. This technical setup was reported by Barchart.com. If the $112.63 PT is reached, the company will be worth $87.42 million more. The stock increased 1.91% or $2.05 during the last trading session, reaching $109.35. About 96,662 shares traded. Proto Labs, Inc. (NYSE:PRLB) has risen 6.14% since January 14, 2017 and is uptrending. It has underperformed by 10.56% the S&P500.

The stock increased 0.24% or $0.02 during the last trading session, reaching $8.51. About 205,802 shares traded. Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund (EAD) has risen 12.17% since January 14, 2017 and is uptrending. It has underperformed by 4.53% the S&P500.

Among 8 analysts covering Proto Labs (NYSE:PRLB), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Proto Labs had 14 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was maintained by Needham with “Hold” on Thursday, October 26. The firm earned “Sell” rating on Wednesday, August 31 by Dougherty & Company. Canaccord Genuity upgraded Proto Labs, Inc. (NYSE:PRLB) on Thursday, October 15 to “Buy” rating. The firm earned “Hold” rating on Monday, November 27 by Craig Hallum. Dougherty & Company maintained the stock with “Sell” rating in Friday, April 28 report. The firm has “Outperform” rating by FBR Capital given on Wednesday, May 11. The firm earned “Hold” rating on Wednesday, December 13 by Piper Jaffray. On Thursday, October 26 the stock rating was maintained by Piper Jaffray with “Hold”. Piper Jaffray maintained the shares of PRLB in report on Thursday, July 27 with “Hold” rating. The firm has “Outperform” rating given on Wednesday, August 26 by Oppenheimer.

Investors sentiment decreased to 1.27 in 2017 Q3. Its down 0.07, from 1.34 in 2017Q2. It fall, as 14 investors sold Proto Labs, Inc. shares while 56 reduced holdings. 31 funds opened positions while 58 raised stakes. 26.02 million shares or 0.95% less from 26.27 million shares in 2017Q2 were reported. Avalon Advsrs Lc has 0.04% invested in Proto Labs, Inc. (NYSE:PRLB) for 14,992 shares. Moreover, Natixis has 0% invested in Proto Labs, Inc. (NYSE:PRLB) for 3,508 shares. Principal Fincl reported 189,574 shares. Morgan Stanley holds 0% or 104,460 shares in its portfolio. Texas Permanent School Fund has invested 0.02% of its portfolio in Proto Labs, Inc. (NYSE:PRLB). Royal Commercial Bank Of Canada has 0.01% invested in Proto Labs, Inc. (NYSE:PRLB). Fred Alger Management invested in 0.06% or 156,581 shares. Tiaa Cref Investment Management Ltd Limited Liability Company invested in 66,244 shares or 0% of the stock. Hanseatic Mngmt Ser stated it has 0.28% in Proto Labs, Inc. (NYSE:PRLB). Blackrock stated it has 0.01% of its portfolio in Proto Labs, Inc. (NYSE:PRLB). Invesco owns 31,981 shares for 0% of their portfolio. Redmond Asset Management Limited Com accumulated 17,460 shares. Da Davidson & accumulated 2,884 shares. Moreover, Alliancebernstein L P has 0% invested in Proto Labs, Inc. (NYSE:PRLB). Lazard Asset Mngmt Lc holds 0.02% in Proto Labs, Inc. (NYSE:PRLB) or 104,517 shares.

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 $2.91 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 62.49 P/E ratio.

Since December 11, 2017, it had 0 buys, and 2 selling transactions for $430,523 activity. Shares for $379,148 were sold by Bodor Robert on Monday, December 11. 500 shares were sold by Gawlick Rainer, worth $51,375.

Analysts await Proto Labs, Inc. (NYSE:PRLB) to report earnings on February, 8. They expect $0.48 EPS, up 37.14% or $0.13 from last year’s $0.35 per share. PRLB’s profit will be $12.79 million for 56.95 P/E if the $0.48 EPS becomes a reality. After $0.49 actual EPS reported by Proto Labs, Inc. for the previous quarter, Wall Street now forecasts -2.04% negative EPS growth.

Trust Asset Management Llc holds 8.27% of its portfolio in Wells Fargo Advantage Funds – Wells Fargo Income Opportunities Fund for 2.60 million shares. Selway Asset Management owns 231,489 shares or 1.17% of their US portfolio. Moreover, Shaker Financial Services Llc has 0.84% invested in the company for 182,026 shares. The Michigan-based Robinson Capital Management Llc has invested 0.76% in the stock. Vident Investment Advisory Llc, a Georgia-based fund reported 939,714 shares.

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By1 Maria Brooks







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