Materialise (NASDAQ:MTLS) PT Lowered to $22.00 at Stifel Nicolaus

Materialise (NASDAQ:MTLSGet Rating) had its target price decreased by Stifel Nicolaus from $26.00 to $22.00 in a research report report published on Tuesday, The Fly reports.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Materialise from a hold rating to a sell rating in a research report on Tuesday, March 1st. StockNews.com assumed coverage on shares of Materialise in a research report on Thursday, March 31st. They set a buy rating on the stock. Finally, Bryan, Garnier & Co cut shares of Materialise from a buy rating to a neutral rating and set a $20.00 price objective on the stock. in a research report on Friday, March 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $25.60.

MTLS stock opened at $16.58 on Tuesday. The firm has a fifty day moving average price of $18.96 and a 200 day moving average price of $21.31. Materialise has a fifty-two week low of $15.09 and a fifty-two week high of $30.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.28 and a current ratio of 2.41. The firm has a market cap of $898.12 million, a PE ratio of 50.24 and a beta of 0.75.

Materialise (NASDAQ:MTLSGet Rating) last posted its earnings results on Thursday, March 3rd. The software maker reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Materialise had a net margin of 8.06% and a return on equity of 7.53%. The firm had revenue of $64.55 million during the quarter, compared to analyst estimates of $60.40 million. During the same period last year, the firm posted $0.04 earnings per share. On average, equities analysts predict that Materialise will post 0.1 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. ARK Investment Management LLC boosted its stake in shares of Materialise by 9.6% during the fourth quarter. ARK Investment Management LLC now owns 6,128,880 shares of the software maker’s stock valued at $146,296,000 after purchasing an additional 534,443 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Materialise by 2.2% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,698,044 shares of the software maker’s stock valued at $52,207,000 after purchasing an additional 57,345 shares during the period. Vident Investment Advisory LLC boosted its stake in shares of Materialise by 10.6% during the fourth quarter. Vident Investment Advisory LLC now owns 1,247,916 shares of the software maker’s stock valued at $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 fourth quarter. Legal & General Group Plc now owns 998,519 shares of the software maker’s stock valued at $23,836,000 after purchasing an additional 141,846 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Materialise by 277.2% during the second quarter. Morgan Stanley now owns 467,062 shares of the software maker’s stock valued at $11,252,000 after purchasing an additional 343,224 shares during the period. 38.31% 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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