Zacks Investment Research cut shares of Materialise NV (NASDAQ:MTLS) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
According to Zacks, “Materialise NV is a provider of Additive Manufacturing (AM) software solutions and sophisticated 3D printing services in a wide variety of industries, including healthcare, automotive, aerospace, art and design and consumer products. The Company specializes in preparation of 3D prototypes for manufactures, software development, biomedical research, and online services. It is also engaged in the development of solutions for orthopedics, biomedical software and engineering, and printing of cardiovascular models. Materialise NV is headquartered in Leuven, Belgium. “
Other equities analysts also recently issued reports about the stock. Credit Suisse Group increased their target price 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 company an overweight rating in a report on Monday, July 31st. Finally, KeyCorp restated a buy rating and set a $18.00 price target on shares of Materialise NV in a report on Friday, November 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Materialise NV presently has an average rating of Buy and a consensus price target of $15.40.
Materialise NV (MTLS) opened at $14.25 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.86 and a debt-to-equity ratio of 0.61. Materialise NV has a 1 year low of $7.25 and a 1 year high of $16.50.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LA Financiere DE L Echiquier lifted its stake in shares of Materialise NV by 104.5% in the third quarter. LA Financiere DE L Echiquier now owns 641,738 shares of the software maker’s stock valued at $9,344,000 after buying an additional 327,966 shares during the period. Royce & Associates LP lifted its stake in shares of Materialise NV by 3.3% in the second quarter. Royce & Associates LP now owns 453,577 shares of the software maker’s stock valued at $5,384,000 after buying an additional 14,577 shares during the period. Ark Investment Management LLC lifted its stake in Materialise NV by 62.3% during the second 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 period. Columbus Circle Investors lifted its stake in Materialise NV by 38.6% during the third quarter. Columbus Circle Investors now owns 235,193 shares of the software maker’s stock worth $3,424,000 after purchasing an additional 65,499 shares during the period. Finally, K.J. Harrison & Partners Inc lifted its stake in Materialise NV by 57.0% during the second 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 period. Institutional investors and hedge funds own 12.80% of the company’s stock.
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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