Materialise (NASDAQ:MTLS) Price Target Cut to $26.00

Materialise (NASDAQ:MTLSGet Rating) had its price objective reduced by research analysts at Stifel Nicolaus from $30.00 to $26.00 in a report released on Wednesday, The Fly reports. Stifel Nicolaus’ target price indicates a potential upside of 49.25% from the stock’s current price.

MTLS has been the subject of several other research reports. StockNews.com initiated coverage on Materialise in a report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research lowered Materialise from a “hold” rating to a “sell” rating in a report on Tuesday, March 1st. Finally, Bryan, Garnier & Co lowered Materialise from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a report on Friday, March 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Materialise has a consensus rating of “Buy” and a consensus target price of $26.40.

Shares of Materialise stock traded up $0.15 during trading hours on Wednesday, hitting $17.42. 26,205 shares of the company’s stock traded hands, compared to its average volume of 254,165. The company has a fifty day simple moving average of $19.27 and a 200-day simple moving average of $21.43. Materialise has a 12-month low of $17.06 and a 12-month high of $34.49. The stock has a market capitalization of $943.62 million, a price-to-earnings ratio of 69.68 and a beta of 0.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.77 and a quick ratio of 2.64.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. ARK Investment Management LLC boosted its position 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 valued at $146,296,000 after acquiring an additional 534,443 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Materialise by 2.2% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,698,044 shares of the software maker’s stock valued at $52,207,000 after acquiring an additional 57,345 shares during the last quarter. Vident Investment Advisory LLC boosted its position 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 valued at $29,787,000 after acquiring an additional 119,470 shares during the last quarter. Legal & General Group Plc boosted its position 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 valued at $23,836,000 after acquiring an additional 141,846 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Materialise by 277.2% during the 2nd quarter. Morgan Stanley now owns 467,062 shares of the software maker’s stock valued at $11,252,000 after acquiring an additional 343,224 shares during the last quarter. Institutional investors and hedge funds own 40.32% of the company’s stock.

About Materialise (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.

Featured Stories

The Fly logo

Receive News & Ratings for Materialise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise and related companies with MarketBeat.com's FREE daily email newsletter.