Materialise NV (MTLS) Receives $17.33 Average PT from Brokerages

Materialise NV (NASDAQ:MTLS) has been assigned an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.33.

MTLS has been the subject of a number of analyst reports. BidaskClub upgraded Materialise from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research lowered Materialise from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Finally, KeyCorp restated a “buy” rating and issued a $18.00 price target on shares of Materialise in a research report on Friday, November 10th.

Shares of Materialise (NASDAQ:MTLS) traded down $0.46 during trading on Tuesday, hitting $11.65. Materialise has a one year low of $7.90 and a one year high of $16.50. The firm has a market capitalization of $551.34, a PE ratio of -166.40, a price-to-earnings-growth ratio of 2.91 and a beta of 1.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.69.

Materialise (NASDAQ:MTLS) last announced its earnings results on Thursday, November 9th. The software maker reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Materialise had a negative net margin of 2.07% and a negative return on equity of 3.45%. research analysts predict that Materialise will post -0.06 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of MTLS. Virtu Financial LLC purchased a new stake in shares of Materialise in the fourth quarter valued at approximately $239,000. Cookson Peirce & Co. Inc. purchased a new stake in shares of Materialise in the second quarter valued at approximately $283,000. Gilder Gagnon Howe & Co. LLC grew its position in shares of Materialise by 33.3% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 25,069 shares of the software maker’s stock valued at $319,000 after purchasing an additional 6,269 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Materialise in the third quarter valued at approximately $504,000. Finally, Bank of New York Mellon Corp grew its position in shares of Materialise by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 69,860 shares of the software maker’s stock valued at $829,000 after purchasing an additional 14,233 shares in the last quarter. Institutional investors and hedge funds own 10.98% of the company’s stock.

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About Materialise

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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