Materialise NV (MTLS) Given Average Rating of “Buy” by Brokerages
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.
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.
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