Materialise NV (NASDAQ:MTLS) Upgraded to Buy at BidaskClub
Materialise NV (NASDAQ:MTLS) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Wednesday.
Several other brokerages also recently commented on MTLS. TheStreet upgraded shares of Materialise NV from a “d+” rating to a “c” rating in a research report on Monday, June 26th. Zacks Investment Research raised shares of Materialise NV from a “sell” rating to a “hold” rating in a 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 an average rating of “Buy” and a consensus price target of $10.13.
Shares of Materialise NV (MTLS) opened at 13.40 on Wednesday. Materialise NV has a 52 week low of $6.07 and a 52 week high of $14.24.
Materialise NV (NASDAQ:MTLS) last issued its quarterly earnings results on Tuesday, May 9th. The software maker reported ($0.02) earnings per share for the quarter. The company had revenue of $31.92 million during the quarter, compared to analyst estimates of $30.25 million. Materialise NV had a negative return on equity of 0.88% and a negative net margin of 0.59%. The company’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share.
Several hedge funds have recently bought and sold shares of MTLS. Tiedemann Wealth Management LLC acquired a new stake in shares of Materialise NV during the first quarter worth about $178,000. Driehaus Capital Management LLC acquired a new stake in shares of Materialise NV during the first quarter worth about $527,000. Blair William & Co. IL acquired a new stake in shares of Materialise NV during the first quarter worth about $599,000. Renaissance Technologies LLC boosted its stake in shares of Materialise NV by 38.8% in the fourth quarter. Renaissance Technologies LLC now owns 72,300 shares of the software maker’s stock worth $555,000 after buying an additional 20,200 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Materialise NV by 11,860.8% in the first quarter. UBS Group AG now owns 78,702 shares of the software maker’s stock worth $716,000 after buying an additional 78,044 shares during the last quarter. Institutional investors own 7.83% of the company’s stock.
Materialise NV Company Profile
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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