Materialise NV (NASDAQ:MTLS) Given Average Recommendation of “Hold” by Analysts

Shares of Materialise NV (NASDAQ:MTLSGet Rating) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $25.00.

Several equities research analysts have issued reports on the stock. StockNews.com cut shares of Materialise from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Bryan, Garnier & Co cut shares of Materialise from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Friday, March 25th. Stifel Nicolaus lowered their price target on shares of Materialise from $26.00 to $22.00 in a research report on Tuesday, May 3rd. Finally, Zacks Investment Research lowered shares of Materialise from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th.

Materialise stock opened at $15.41 on Friday. The stock has a market cap of $834.76 million, a price-to-earnings ratio of 46.70 and a beta of 0.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.41 and a quick ratio of 2.28. Materialise has a 1 year low of $13.40 and a 1 year high of $30.26. The firm has a 50-day moving average of $18.31 and a two-hundred day moving average of $20.94.

Materialise (NASDAQ:MTLSGet Rating) last released its quarterly earnings data on Thursday, March 3rd. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $64.55 million during the quarter, compared to analysts’ expectations of $60.40 million. Materialise had a net margin of 8.06% and a return on equity of 7.43%. During the same period in the previous year, the company earned $0.04 EPS. Research analysts expect that Materialise will post 0.12 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE boosted its position in Materialise by 142.2% during the 3rd quarter. US Bancorp DE now owns 1,296 shares of the software maker’s stock valued at $26,000 after acquiring an additional 761 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Materialise during the 4th quarter valued at $26,000. Paragon Capital Management Ltd bought a new stake in Materialise during the 4th quarter valued at $41,000. Seaport Global Advisors LLC bought a new stake in Materialise during the 4th quarter valued at $81,000. Finally, Advisor Group Holdings Inc. boosted its position in Materialise by 8.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 6,458 shares of the software maker’s stock valued at $129,000 after acquiring an additional 502 shares in the last quarter. 38.31% of the stock is currently owned by institutional investors and hedge funds.

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.

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