Materialise (NASDAQ:MTLS) Coverage Initiated by Analysts at Cantor Fitzgerald

Equities researchers at Cantor Fitzgerald began coverage on shares of Materialise (NASDAQ:MTLS) in a research note issued on Wednesday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $9.50 price target on the software maker’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 87.01% from the company’s previous close.

Separately, StockNews.com downgraded Materialise from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 22nd.

Materialise Trading Down 3.6 %

NASDAQ:MTLS opened at $5.08 on Wednesday. The stock’s 50 day moving average price is $5.25 and its 200 day moving average price is $5.71. The company has a market capitalization of $300.08 million, a PE ratio of 42.33 and a beta of 1.27. The company has a quick ratio of 1.80, a current ratio of 1.97 and a debt-to-equity ratio of 0.14. Materialise has a 52-week low of $4.82 and a 52-week high of $10.20.

Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $72.15 million for the quarter. Materialise had a return on equity of 4.62% and a net margin of 2.59%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MTLS. Parallel Advisors LLC grew its stake in shares of Materialise by 290.3% in the 4th quarter. Parallel Advisors LLC now owns 4,258 shares of the software maker’s stock valued at $28,000 after purchasing an additional 3,167 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Materialise by 218.1% in the fourth quarter. Signaturefd LLC now owns 6,740 shares of the software maker’s stock valued at $44,000 after buying an additional 4,621 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Materialise by 308.0% in the fourth quarter. Quadrant Capital Group LLC now owns 17,060 shares of the software maker’s stock valued at $112,000 after buying an additional 12,879 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of Materialise by 233.5% in the fourth quarter. New York State Common Retirement Fund now owns 20,944 shares of the software maker’s stock valued at $137,000 after buying an additional 14,663 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. boosted its stake in shares of Materialise by 5.2% in the third quarter. Quintet Private Bank Europe S.A. now owns 37,135 shares of the software maker’s stock valued at $204,000 after buying an additional 1,837 shares in the last quarter. 19.30% of the stock is currently owned by hedge funds and other institutional investors.

Materialise Company Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company 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.