Materialise NV (NASDAQ:MTLS) Receives Average Recommendation of “Buy” from Brokerages

Materialise NV (NASDAQ:MTLSGet Rating) has been given an average recommendation of “Buy” by the seven brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $27.00.

MTLS has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Materialise from a “hold” rating to a “sell” rating in a report on Tuesday, March 1st. StockNews.com initiated coverage on shares of Materialise in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Bryan, Garnier & Co downgraded shares of Materialise from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a report on Friday, March 25th.

Shares of MTLS stock traded up $1.14 during mid-day trading on Tuesday, hitting $18.95. The company had a trading volume of 6,742 shares, compared to its average volume of 259,831. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.77 and a quick ratio of 2.64. The stock’s 50 day moving average price is $19.64 and its 200-day moving average price is $21.50. Materialise has a 52-week low of $17.06 and a 52-week high of $34.49. The company has a market capitalization of $1.03 billion, a P/E ratio of 75.48 and a beta of 0.63.

Materialise (NASDAQ:MTLSGet Rating) last announced its quarterly earnings results on Thursday, March 3rd. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $64.55 million for the quarter, compared to the consensus estimate of $60.40 million. Materialise had a net margin of 6.38% and a return on equity of 6.74%. During the same period in the previous year, the firm posted $0.04 EPS. On average, equities research analysts expect that Materialise will post 0.19 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. ARK Investment Management LLC boosted its stake in shares of Materialise by 9.6% during the 4th quarter. ARK Investment Management LLC now owns 6,128,880 shares of the software maker’s stock worth $146,296,000 after purchasing an additional 534,443 shares during the period. Vident Investment Advisory LLC boosted its stake in shares of Materialise by 10.6% during the 4th quarter. Vident Investment Advisory LLC now owns 1,247,916 shares of the software maker’s stock worth $29,787,000 after purchasing an additional 119,470 shares during the period. Legal & General Group Plc boosted its stake in shares of Materialise by 16.6% during the 4th quarter. Legal & General Group Plc now owns 998,519 shares of the software maker’s stock worth $23,836,000 after purchasing an additional 141,846 shares during the period. Morgan Stanley boosted its position in Materialise by 277.2% in the 2nd quarter. Morgan Stanley now owns 467,062 shares of the software maker’s stock valued at $11,252,000 after buying an additional 343,224 shares during the period. Finally, KBC Group NV boosted its position in Materialise by 39.4% in the 4th quarter. KBC Group NV now owns 283,218 shares of the software maker’s stock valued at $6,760,000 after buying an additional 80,046 shares during the period. 40.32% of the stock is owned by hedge funds and other institutional investors.

Materialise Company Profile (Get Rating)

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. It operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

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