Materialise NV (NASDAQ:MTLS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Materialise NV is a provider of Additive Manufacturing (AM) software solutions and sophisticated 3D printing services in a wide variety of industries, including healthcare, automotive, aerospace, art and design and consumer products. The Company specializes in preparation of 3D prototypes for manufactures, software development, biomedical research, and online services. It is also engaged in the development of solutions for orthopedics, biomedical software and engineering, and printing of cardiovascular models. Materialise NV is headquartered in Leuven, Belgium. “
A number of other research firms also recently weighed in on MTLS. TheStreet upgraded shares of Materialise NV from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. KeyCorp boosted their target price on shares of Materialise NV from $6.58 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, September 7th. Piper Jaffray Cos. restated an “overweight” rating and issued a $8.50 target price (down from $9.00) on shares of Materialise NV in a report on Monday, August 15th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $12.00 target price on shares of Materialise NV in a report on Friday, August 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $9.58.
Materialise NV (NASDAQ:MTLS) opened at 7.62 on Wednesday. The company has a 50-day moving average of $7.25 and a 200-day moving average of $7.10. Materialise NV has a 1-year low of $5.22 and a 1-year high of $8.89. The company’s market capitalization is $360.62 million.
Materialise NV (NASDAQ:MTLS) last announced its quarterly earnings results on Thursday, August 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.00. The company earned $27.60 million during the quarter, compared to the consensus estimate of $31.47 million. Materialise NV had a negative net margin of 2.47% and a negative return on equity of 3.33%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. 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 boosted its stake in shares of Materialise NV (NASDAQ:MTLS) by 18.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 filing with the SEC. 7.17% of the stock is currently owned by hedge funds and other 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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