Materialise NV (NASDAQ:MTLS) Posts Quarterly Earnings Results
Materialise NV (NASDAQ:MTLS) posted its quarterly earnings results on Tuesday. The software maker reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.01, MarketWatch Earnings reports. The business had revenue of $33.61 million for the quarter, compared to analysts’ expectations of $31.90 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 21.8% compared to the same quarter last year. During the same period last year, the business posted ($0.01) earnings per share.
Materialise NV (MTLS) opened at 14.09 on Tuesday. The company’s market capitalization is $666.81 million. Materialise NV has a 52 week low of $6.07 and a 52 week high of $15.74.
A number of hedge funds have recently added to or reduced their stakes in MTLS. First Mercantile Trust Co. bought a new stake in Materialise NV during the second quarter valued at $106,000. First Manhattan Co. bought a new stake in Materialise NV during the second quarter valued at $111,000. Tiedemann Wealth Management LLC bought a new stake in Materialise NV during the first quarter valued at $178,000. Gilder Gagnon Howe & Co. LLC bought a new stake in Materialise NV during the second quarter valued at $223,000. Finally, Driehaus Capital Management LLC bought a new stake in Materialise NV during the first quarter valued at $527,000. Institutional investors own 8.07% of the company’s stock.
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MTLS has been the topic of several research reports. Zacks Investment Research raised shares of Materialise NV from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. TheStreet raised shares of Materialise NV from a “d+” rating to a “c” rating in a research note on Monday, June 26th. BidaskClub raised shares of Materialise NV from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies lifted 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 equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $12.63.
About Materialise NV
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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