Materialise NV (NASDAQ:MTLS) – Stock analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Materialise NV in a research report issued on Tuesday. KeyCorp analyst W. Twigg expects that the software maker will post earnings per share of $0.02 for the quarter.
Materialise NV (NASDAQ:MTLS) last posted its earnings results on Tuesday, August 8th. The software maker reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. Materialise NV had a negative return on equity of 1.59% and a negative net margin of 0.99%. The firm had revenue of $33.61 million for the quarter, compared to the consensus estimate of $31.90 million. During the same period in the prior year, the business earned ($0.01) EPS. Materialise NV’s quarterly revenue was up 21.8% compared to the same quarter last year.
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Other analysts also recently issued reports about the stock. Credit Suisse Group raised their price objective on shares of Materialise NV from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday. BidaskClub upgraded shares of Materialise NV from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies raised their price objective on shares of Materialise NV to $18.50 and gave the company an “overweight” rating in a research report on Monday, July 31st. TheStreet upgraded shares of Materialise NV from a “d+” rating to a “c” rating in a research report on Monday, June 26th. Finally, Zacks Investment Research upgraded shares of Materialise NV from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Materialise NV presently has a consensus rating of “Buy” and a consensus price target of $13.13.
Materialise NV (MTLS) traded up 3.65% during trading on Friday, hitting $13.08. 32,778 shares of the company’s stock traded hands. The company’s 50 day moving average is $13.42 and its 200-day moving average is $11.02. The stock’s market cap is $619.01 million. Materialise NV has a 12 month low of $6.07 and a 12 month high of $15.74.
A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Materialise NV by 38.8% in the fourth quarter. Renaissance Technologies LLC now owns 72,300 shares of the software maker’s stock valued at $555,000 after buying an additional 20,200 shares during the last quarter. Wells Fargo & Company MN boosted its position in Materialise NV by 17.6% in the first quarter. Wells Fargo & Company MN now owns 128,894 shares of the software maker’s stock valued at $1,173,000 after buying an additional 19,292 shares during the last quarter. Tiedemann Wealth Management LLC bought a new position in Materialise NV during the first quarter valued at $178,000. Blair William & Co. IL bought a new position in Materialise NV during the first quarter valued at $599,000. Finally, Royce & Associates LP boosted its position in Materialise NV by 122.8% in the first quarter. Royce & Associates LP now owns 439,000 shares of the software maker’s stock valued at $3,995,000 after buying an additional 242,000 shares during the last quarter. 8.07% of the stock is owned by institutional investors.
About Materialise NV
Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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