Materialise (NASDAQ:MTLS) Stock Rating Upgraded by Wall Street Zen

Materialise (NASDAQ:MTLS) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Separately, Cantor Fitzgerald set a $10.00 price objective on Materialise and gave the company an “overweight” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $10.00.

Materialise Trading Up 0.2%

Shares of Materialise stock opened at $6.66 on Friday. The business has a fifty day simple moving average of $5.74 and a two-hundred day simple moving average of $5.59. Materialise has a 1 year low of $4.78 and a 1 year high of $7.00. The company has a market capitalization of $393.41 million, a price-to-earnings ratio of 33.30 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.42 and a quick ratio of 2.24.

Materialise (NASDAQ:MTLS) last announced its quarterly earnings results on Tuesday, March 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter. Materialise had a return on equity of 4.05% and a net margin of 3.77%.The business had revenue of $76.72 million during the quarter. Research analysts forecast that Materialise will post 0.16 EPS for the current year.

Hedge Funds Weigh In On Materialise

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its position in Materialise by 116.8% in the 4th quarter. Pacer Advisors Inc. now owns 4,726 shares of the software maker’s stock valued at $26,000 after acquiring an additional 2,546 shares during the period. GAMMA Investing LLC increased its position in Materialise by 123.8% in the 4th quarter. GAMMA Investing LLC now owns 9,869 shares of the software maker’s stock valued at $55,000 after acquiring an additional 5,459 shares during the period. Teton Advisors LLC acquired a new position in Materialise in the 3rd quarter valued at approximately $56,000. Quadrature Capital Ltd acquired a new position in Materialise in the 4th quarter valued at approximately $56,000. Finally, Osaic Holdings Inc. increased its position in Materialise by 1,453.3% in the 2nd quarter. Osaic Holdings Inc. now owns 11,650 shares of the software maker’s stock valued at $66,000 after acquiring an additional 10,900 shares during the period. 19.30% of the stock is currently owned by institutional investors and hedge funds.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.