Proto Labs (NYSE:PRLB) Reaching An Inflection Point; Berenberg Initiates Shares At Buy with $159 target

Proto Labs, Inc. (NYSE:PRLB) Logo

Investors sentiment increased to 1.31 in Q2 2018. Its up 0.24, from 1.07 in 2018Q1. It increased, as 23 investors sold Proto Labs, Inc. shares while 58 reduced holdings. 27 funds opened positions while 79 raised stakes. 25.28 million shares or 3.36% more from 24.46 million shares in 2018Q1 were reported.

Brown Advisory reported 0% of its portfolio in Proto Labs, Inc. (NYSE:PRLB). Northern Tru holds 0.01% or 410,185 shares. Wellington Mgmt Grp Llp reported 23,034 shares or 0% of all its holdings. 269 are held by Ftb Advisors. Citadel Advsrs Lc owns 37,184 shares. Alliancebernstein Limited Partnership has 0% invested in Proto Labs, Inc. (NYSE:PRLB). Moreover, Fincl Mngmt Pro has 0% invested in Proto Labs, Inc. (NYSE:PRLB). California-based Schwab Charles Mgmt has invested 0.01% in Proto Labs, Inc. (NYSE:PRLB). Sg Americas Securities Limited Liability Company holds 56,096 shares or 0.06% of its portfolio. Moreover, California Pub Employees Retirement Systems has 0.01% invested in Proto Labs, Inc. (NYSE:PRLB) for 44,876 shares. Pnc Serv Grp has invested 0% in Proto Labs, Inc. (NYSE:PRLB). Amundi Pioneer Asset Mngmt owns 48,820 shares. Partnervest Advisory Services Ltd reported 2,868 shares stake. Wolverine Asset Mngmt Ltd Liability owns 15,256 shares. Huntington Retail Bank stated it has 367 shares or 0% of all its holdings.

Since May 30, 2018, it had 0 buys, and 10 sales for $4.73 million activity. 8,000 shares were sold by WAY JOHN, worth $1.27 million. Another trade for 3,000 shares valued at $390,012 was sold by Bodor Robert. WEHRWEIN SVEN sold $125,000 worth of stock or 1,000 shares. The insider Baker Arthur R. III sold $537,815.

Why Has Berenberg Given Proto Labs (NYSE:PRLB) a $159 Price Target

In analysts report sent to investors on Wednesday, 14 November, Berenberg analyst has today has initiated coverage for Proto Labs (NYSE:PRLB) shares with a Buy rating. The target price per share is set to $159.

The stock increased 1.94% or $2.33 during the last trading session, reaching $122.86. About 81,445 shares traded. Proto Labs, Inc. (NYSE:PRLB) has risen 113.13% since November 14, 2017 and is uptrending. It has outperformed by 97.51% the S&P500.

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 $3.33 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 46.73 P/E ratio.

More important recent Proto Labs, Inc. (NYSE:PRLB) news were published by: Fool.com which released: “With Its Stock Up 60% in a Year, This 3D Printing Player Has a Lot to Prove Next Week” on October 18, 2018, also Seekingalpha.com published article titled: “Stratasys +6.5% on Q3 beats, upside FY guidance”, Seekingalpha.com published: “3D Systems -18% on Q3 misses” on October 30, 2018. More interesting news about Proto Labs, Inc. (NYSE:PRLB) was released by: Seekingalpha.com and their article: “Proto Labs jumps +10% post Q3 earnings beats” with publication date: October 25, 2018.

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

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