Materialise (NASDAQ:MTLS) Research Coverage Started at DA Davidson

DA Davidson began coverage on shares of Materialise (NASDAQ:MTLS) in a report issued on Tuesday morning,FinViz reports. The firm issued a buy rating on the software maker’s stock.

A number of other research analysts have also recently issued reports on MTLS. Weiss Ratings reiterated a “hold (c-)” rating on shares of Materialise in a report on Thursday, August 27th. Wall Street Zen lowered shares of Materialise from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Materialise Trading Down 0.7%

NASDAQ MTLS opened at $8.50 on Tuesday. The company has a market cap of $502.10 million, a price-to-earnings ratio of 31.48 and a beta of 1.33. Materialise has a 52 week low of $4.78 and a 52 week high of $8.82. The business has a 50 day moving average price of $7.20 and a 200-day moving average price of $6.40. The company has a quick ratio of 2.22, a current ratio of 2.41 and a debt-to-equity ratio of 0.18.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings results on Friday, August 14th. The software maker reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $78.90 million during the quarter. Materialise had a net margin of 4.85% and a return on equity of 5.20%. As a group, equities analysts expect that Materialise will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Materialise

Several hedge funds have recently made changes to their positions in MTLS. Optiver Holding B.V. boosted its position in shares of Materialise by 218.1% during the 1st quarter. Optiver Holding B.V. now owns 38,383 shares of the software maker’s stock valued at $190,000 after acquiring an additional 26,315 shares during the last quarter. NewEdge Advisors LLC raised its stake in Materialise by 1,606.7% in the second quarter. NewEdge Advisors LLC now owns 26,300 shares of the software maker’s stock valued at $195,000 after purchasing an additional 24,759 shares in the last quarter. Engineers Gate Manager LP lifted its position in Materialise by 175.0% during the second quarter. Engineers Gate Manager LP now owns 34,723 shares of the software maker’s stock valued at $258,000 after purchasing an additional 22,098 shares during the last quarter. AXQ Capital LP bought a new stake in Materialise during the second quarter valued at approximately $118,000. Finally, Granite Investment Partners LLC bought a new stake in Materialise during the first quarter valued at approximately $58,000. 19.30% of the stock is currently owned by hedge funds and other institutional investors.

About Materialise

Materialise NV is a Belgium-based company that develops software and provides services for additive manufacturing, commonly known as 3D printing. Its solutions help organizations design, prepare, manage and produce three-dimensional parts and products across a range of industrial and healthcare applications.

The company’s offerings include additive manufacturing software, engineering and manufacturing services, and medical solutions. Its medical business provides software and services used to create patient-specific anatomical models, surgical guides, implants and other applications that support planning and treatment.