Materialise NV (NASDAQ:MTLS) was upgraded by TheStreet from a “sell” rating to a “hold” rating in a report released on Wednesday.
A number of other equities analysts have also recently weighed in on MTLS. KeyCorp boosted their price target on Materialise NV from $6.58 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, September 7th. Credit Suisse Group AG reissued a “buy” rating and issued a $12.00 price target on shares of Materialise NV in a report on Friday, August 12th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $8.50 price target (down from $9.00) on shares of Materialise NV in a report on Monday, August 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $9.58.
Shares of Materialise NV (NASDAQ:MTLS) opened at 8.0875 on Wednesday. The stock’s market capitalization is $382.74 million. The firm has a 50-day moving average price of $7.12 and a 200 day moving average price of $7.10. Materialise NV has a one year low of $5.22 and a one year high of $8.89.
Materialise NV (NASDAQ:MTLS) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.00. Materialise NV had a negative return on equity of 3.33% and a negative net margin of 2.47%. The firm had revenue of $27.60 million for the quarter, compared to analyst estimates of $31.47 million. During the same period in the prior year, the firm posted ($0.06) earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities analysts expect that Materialise NV will post ($0.05) EPS for the current fiscal year.
A hedge fund recently raised its stake in Materialise NV stock. Polar Capital LLP raised its stake in shares of Materialise NV (NASDAQ:MTLS) by 18.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 166,991 shares of the company’s stock after buying an additional 26,212 shares during the period. Polar Capital LLP owned approximately 0.35% of Materialise NV worth $1,191,000 as of its most recent SEC filing. 7.17% of the stock is owned by institutional investors.
About Materialise NV
Materialise NV is a Belgium-based company engaged in the field of additive manufacturing, known as three dimensional (3D) printing. The Company specializes in 3D printing software and services for various industries, such as: healthcare, automotive, aerospace, art & design, as well as consumer goods.
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