Materialise NV (NASDAQ:MTLS) was upgraded by research analysts at TheStreet from a “sell” rating to a “hold” rating in a report released on Wednesday.

Several other analysts have also weighed in on MTLS. Credit Suisse Group AG reissued a “buy” rating and set a $12.00 price objective on shares of Materialise NV in a report on Friday, August 12th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $8.50 price target (down previously from $9.00) on shares of Materialise NV in a research note on Monday, August 15th. Finally, KeyCorp boosted their price target on Materialise NV from $6.58 to $10.00 and gave the company an “overweight” rating in a research note on Wednesday, September 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $9.58.

Analyst Recommendations for Materialise NV (NASDAQ:MTLS)

Materialise NV (NASDAQ:MTLS) traded down 1.45% on Wednesday, reaching $7.97. The company had a trading volume of 9,795 shares. Materialise NV has a 12 month low of $5.22 and a 12 month high of $8.89. The company’s 50 day moving average price is $7.16 and its 200-day moving average price is $7.10. The company’s market capitalization is $377.18 million.

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Materialise NV (NASDAQ:MTLS) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ 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 previous year, the business posted ($0.06) EPS. Materialise NV’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities analysts predict that Materialise NV will post ($0.05) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Materialise NV stock. Polar Capital LLP raised its position in Materialise NV (NASDAQ:MTLS) by 18.6% during the second quarter, according to its most recent filing 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 about 0.35% of Materialise NV worth $1,191,000 at the end of the most recent reporting period. 7.17% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:MTLS

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