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

MTLS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Materialise NV from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, September 7th. Credit Suisse Group upped their price target on shares of Materialise NV from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Piper Jaffray Companies upped their price target on shares of Materialise NV to $18.50 and gave the stock an “overweight” rating in a research report on Monday, July 31st. BidaskClub raised shares of Materialise NV from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, TheStreet raised shares of Materialise NV from a “d+” rating to a “c” rating in a research note on Monday, June 26th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTLS. First Mercantile Trust Co. purchased a new stake in shares of Materialise NV during the second quarter worth about $106,000. First Manhattan Co. bought a new stake in Materialise NV during the 2nd quarter valued at approximately $111,000. Symmetry Peak Management LLC bought a new stake in Materialise NV during the 2nd quarter valued at approximately $119,000. Gilder Gagnon Howe & Co. LLC bought a new stake in Materialise NV during the 2nd quarter valued at approximately $223,000. Finally, Private Advisor Group LLC raised its stake in Materialise NV by 5.5% during the 2nd quarter. Private Advisor Group LLC now owns 18,702 shares of the software maker’s stock valued at $237,000 after purchasing an additional 980 shares during the period. 10.86% of the stock is owned by hedge funds and other institutional investors.

Materialise NV (NASDAQ MTLS) traded up 1.99% on Wednesday, hitting $14.85. 68,005 shares of the stock were exchanged. Materialise NV has a 12 month low of $6.28 and a 12 month high of $15.74.

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

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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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