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Shares of Materialise NV (NASDAQ:MTLS) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $13.13.
Several equities research analysts have recently commented on the stock. Credit Suisse Group lifted 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 lifted 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 upgraded shares of Materialise NV from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. TheStreet upgraded shares of Materialise NV from a “d+” rating to a “c” rating in a research report on Monday, June 26th. Finally, Zacks Investment Research upgraded shares of Materialise NV from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th.
Materialise NV (NASDAQ:MTLS) traded up 1.10% during mid-day trading on Tuesday, reaching $12.83. 27,537 shares of the company traded hands. Materialise NV has a one year low of $6.07 and a one year high of $15.74.
Materialise NV (NASDAQ:MTLS) last issued its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.01. Materialise NV had a negative return on equity of 1.59% and a negative net margin of 0.99%. The business had revenue of $33.61 million for the quarter, compared to analyst estimates of $31.90 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities research analysts anticipate that Materialise NV will post ($0.02) EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in Materialise NV by 38.8% in the fourth quarter. Renaissance Technologies LLC now owns 72,300 shares of the software maker’s stock valued at $555,000 after buying an additional 20,200 shares during the last quarter. Wells Fargo & Company MN raised its position in Materialise NV by 17.6% in the first quarter. Wells Fargo & Company MN now owns 128,894 shares of the software maker’s stock valued at $1,173,000 after buying an additional 19,292 shares during the last quarter. Tiedemann Wealth Management LLC purchased a new position in Materialise NV during the first quarter valued at $178,000. Blair William & Co. IL purchased a new position in Materialise NV during the first quarter valued at $599,000. Finally, Royce & Associates LP raised its position in Materialise NV by 122.8% in the first quarter. Royce & Associates LP now owns 439,000 shares of the software maker’s stock valued at $3,995,000 after buying an additional 242,000 shares during the last quarter. 8.51% of the stock is currently owned by institutional investors and hedge funds.
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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