Could Proto Labs, Inc. (PRLB) See a Reversal After Breaking Its 52-Week High?

June 16, 2018 - By Vivian Park

Proto Labs, Inc. (NYSE:PRLB) Logo

Investors sentiment decreased to 1.07 in Q1 2018. Its down 0.35, from 1.42 in 2017Q4. It dropped, as 16 investors sold Proto Labs, Inc. shares while 76 reduced holdings. 36 funds opened positions while 62 raised stakes. 24.46 million shares or 2.52% less from 25.09 million shares in 2017Q4 were reported.
Bank & Trust Of Montreal Can stated it has 0% in Proto Labs, Inc. (NYSE:PRLB). Capital Invest Services Of America stated it has 1.79% of its portfolio in Proto Labs, Inc. (NYSE:PRLB). Schwab Charles Investment reported 126,829 shares or 0.01% of all its holdings. D E Shaw & Co Inc owns 2,300 shares. The New Mexico-based Hanseatic Mgmt has invested 0.41% in Proto Labs, Inc. (NYSE:PRLB). Proshare Advsr Ltd Com reported 3,947 shares or 0% of all its holdings. Piedmont Inv Advsr Llc has 0.02% invested in Proto Labs, Inc. (NYSE:PRLB) for 5,347 shares. Scout Investments Incorporated reported 64,725 shares or 0.18% of all its holdings. Bb&T Corp has invested 0.01% in Proto Labs, Inc. (NYSE:PRLB). State Of Wisconsin Board owns 0.02% invested in Proto Labs, Inc. (NYSE:PRLB) for 51,500 shares. Lord Abbett & Co invested 0.07% of its portfolio in Proto Labs, Inc. (NYSE:PRLB). Profund Advsrs Limited Liability Com reported 5,074 shares. Wasatch Incorporated accumulated 0.04% or 25,684 shares. Moreover, Redmond Asset Mngmt Ltd has 0.77% invested in Proto Labs, Inc. (NYSE:PRLB) for 17,460 shares. Alliancebernstein Limited Partnership accumulated 36,250 shares.

Since January 2, 2018, it had 0 buys, and 6 insider sales for $1.12 million activity. On Wednesday, March 14 the insider Goodman John B sold $136,700. 500 Proto Labs, Inc. (NYSE:PRLB) shares with value of $51,375 were sold by Gawlick Rainer. 2,000 Proto Labs, Inc. (NYSE:PRLB) shares with value of $214,000 were sold by WEHRWEIN SVEN.

The stock of Proto Labs, Inc. (NYSE:PRLB) hit a new 52-week high and has $141.23 target or 5.00 % above today’s $134.50 share price. The 9 months bullish chart indicates low risk for the $3.62B company. The 1-year high was reported on Jun, 16 by Barchart.com. If the $141.23 price target is reached, the company will be worth $181.15 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.37% or $0.5 during the last trading session, reaching $134.5. About 256,303 shares traded or 77.01% up from the average. Proto Labs, Inc. (NYSE:PRLB) has risen 86.87% since June 16, 2017 and is uptrending. It has outperformed by 74.30% the S&P500.

Analysts await Proto Labs, Inc. (NYSE:PRLB) to report earnings on July, 26. They expect $0.63 earnings per share, up 40.00 % or $0.18 from last year’s $0.45 per share. PRLB’s profit will be $16.97M for 53.37 P/E if the $0.63 EPS becomes a reality. After $0.66 actual earnings per share reported by Proto Labs, Inc. for the previous quarter, Wall Street now forecasts -4.55 % negative EPS growth.

More news for Proto Labs, Inc. (NYSE:PRLB) were recently published by: Investingnews.com, which released: “HP Continues its Expansion in 3D Printing” on May 22, 2018. Businesswire.com‘s article titled: “Protolabs to Present at the William Blair 38” and published on June 07, 2018 is yet another important article.

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 $3.62 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 63.12 P/E ratio.

Proto Labs, Inc. (NYSE:PRLB) Institutional Positions Chart

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