Shares of Materialise NV (NASDAQ:MTLS) have received a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $10.13.

Several equities analysts have 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. Finally, Zacks Investment Research upgraded shares of Materialise NV from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th.

Several institutional investors have recently made changes to their positions in MTLS. Wells Fargo & Company MN raised its position in shares of Materialise NV by 17.6% in the first quarter. Wells Fargo & Company MN now owns 128,894 shares of the software maker’s stock worth $1,173,000 after buying an additional 19,292 shares during the period. Renaissance Technologies LLC raised its position 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 period. Royce & Associates LP raised its position in shares of Materialise NV by 122.8% in the first quarter. Royce & Associates LP now owns 439,000 shares of the software maker’s stock worth $3,995,000 after buying an additional 242,000 shares during the period. Blair William & Co. IL acquired a new position in shares of Materialise NV during the first quarter worth about $599,000. Finally, Tiedemann Wealth Management LLC acquired a new position in shares of Materialise NV during the first quarter worth about $178,000. Institutional investors and hedge funds own 7.83% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Materialise NV (MTLS) Given Average Rating of “Buy” by Brokerages” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/21/materialise-nv-mtls-given-average-rating-of-buy-by-brokerages.html.

Materialise NV (MTLS) traded up 5.03% during mid-day trading on Friday, reaching $14.00. 57,979 shares of the company’s stock traded hands. Materialise NV has a 52 week low of $6.07 and a 52 week high of $14.24. The stock’s market cap is $662.55 million.

Materialise NV (NASDAQ:MTLS) last announced its quarterly earnings results on Tuesday, May 9th. The software maker reported ($0.02) EPS for the quarter. The company had revenue of $31.92 million during the quarter, compared to analysts’ expectations of $30.25 million. Materialise NV had a negative net margin of 0.59% and a negative return on equity of 0.88%. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) earnings per share.

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.

Receive News & Ratings for Materialise NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise NV and related companies with MarketBeat.com's FREE daily email newsletter.