Materialise NV (NASDAQ:MTLS) had its price target upped by equities research analysts at Credit Suisse Group from $13.00 to $14.00 in a report issued on Friday. The firm currently has an “outperform” rating on the software maker’s stock. Credit Suisse Group’s target price indicates a potential upside of 10.94% from the company’s current price.
A number of other research analysts have also recently commented on the stock. BidaskClub upgraded shares of Materialise NV from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. TheStreet upgraded shares of Materialise NV from a “d+” rating to a “c” rating in a research note on Monday, June 26th. Zacks Investment Research upgraded shares of Materialise NV from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. Finally, Piper Jaffray Companies raised their price target on shares of Materialise NV to $18.50 and gave the stock an “overweight” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.13.
Shares of Materialise NV (NASDAQ MTLS) traded up 3.09% on Friday, hitting $13.01. The company’s stock had a trading volume of 33,210 shares. The stock’s 50 day moving average price is $13.42 and its 200 day moving average price is $11.02. Materialise NV has a 52 week low of $6.07 and a 52 week high of $15.74. The stock’s market capitalization is $615.70 million.
Materialise NV (NASDAQ:MTLS) last released its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. Materialise NV had a negative net margin of 0.99% and a negative return on equity of 1.59%. The firm had revenue of $33.61 million for the quarter, compared to the consensus estimate of $31.90 million. During the same quarter last year, the company earned ($0.01) earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis.
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A number of hedge funds and other institutional investors have recently made changes to their positions in MTLS. LA Financiere DE L Echiquier acquired a new position in shares of Materialise NV during the second quarter worth approximately $3,724,000. FCG Advisors LLC acquired a new position in shares of Materialise NV during the second quarter worth approximately $237,000. Private Advisor Group LLC boosted its position in shares of Materialise NV by 5.5% in the second quarter. Private Advisor Group LLC now owns 18,702 shares of the software maker’s stock worth $237,000 after buying an additional 980 shares in the last quarter. Royce & Associates LP boosted its position in shares of Materialise NV by 3.3% in the second quarter. Royce & Associates LP now owns 453,577 shares of the software maker’s stock worth $5,384,000 after buying an additional 14,577 shares in the last quarter. Finally, Columbus Circle Investors acquired a new position in shares of Materialise NV during the second quarter worth approximately $2,014,000. Hedge funds and other institutional investors own 8.07% of the company’s stock.
Materialise NV Company Profile
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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