Shares of Materialise NV (NASDAQ:MTLS) have earned an average recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is $14.38.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Materialise NV from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Thursday. Credit Suisse Group increased their price target on Materialise NV from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Piper Jaffray Companies increased their price target on Materialise NV to $18.50 and gave the company an “overweight” rating in a research note on Monday, July 31st. BidaskClub upgraded Materialise NV from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, TheStreet upgraded Materialise NV from a “d+” rating to a “c” rating in a research note on Monday, June 26th.

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A number of large investors have recently made changes to their positions in the stock. Royce & Associates LP raised its position in Materialise NV by 3.3% during the 2nd quarter. Royce & Associates LP now owns 453,577 shares of the software maker’s stock worth $5,384,000 after purchasing an additional 14,577 shares during the last quarter. LA Financiere DE L Echiquier bought a new position in Materialise NV during the 2nd quarter worth $3,724,000. ARK Investment Management LLC raised its position in Materialise NV by 62.3% during the 2nd quarter. ARK Investment Management LLC now owns 269,748 shares of the software maker’s stock worth $3,202,000 after purchasing an additional 103,542 shares during the last quarter. K.J. Harrison & Partners Inc raised its position in Materialise NV by 57.0% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 181,782 shares of the software maker’s stock worth $2,158,000 after purchasing an additional 66,000 shares during the last quarter. Finally, Columbus Circle Investors bought a new position in Materialise NV during the 2nd quarter worth $2,014,000. 10.86% of the stock is owned by institutional investors and hedge funds.

Materialise NV (NASDAQ:MTLS) traded down 0.91% during midday trading on Friday, hitting $13.12. The stock had a trading volume of 15,857 shares. The company’s market capitalization is $620.90 million. The company’s 50-day moving average price is $13.55 and its 200 day moving average price is $11.64. Materialise NV has a 52 week low of $6.28 and a 52 week high of $15.74.

Materialise NV (NASDAQ:MTLS) last announced its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. Materialise NV had a negative net margin of 0.99% and a negative return on equity of 1.59%. The firm had revenue of $33.61 million during the quarter, compared to the consensus estimate of $31.90 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis. On average, analysts expect that Materialise NV will post ($0.02) EPS for the current year.

Materialise NV Company Profile

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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