Wall Street Zen Upgrades Materialise (NASDAQ:MTLS) to Buy

Materialise (NASDAQ:MTLS) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Materialise in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Materialise Trading Up 13.1%

Shares of MTLS opened at $6.40 on Friday. Materialise has a 52-week low of $3.93 and a 52-week high of $9.69. The stock has a market cap of $378.05 million, a PE ratio of 80.01 and a beta of 1.26. The firm’s fifty day moving average is $5.59 and its two-hundred day moving average is $5.44. The company has a quick ratio of 2.00, a current ratio of 2.37 and a debt-to-equity ratio of 0.20.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings results on Tuesday, October 28th. The software maker reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $77.69 million for the quarter, compared to the consensus estimate of $65.35 million. Materialise had a net margin of 1.65% and a return on equity of 1.75%. Materialise has set its FY 2025 guidance at EPS. Research analysts forecast that Materialise will post 0.3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Materialise

A number of institutional investors have recently bought and sold shares of MTLS. Disciplined Growth Investors Inc. MN boosted its holdings in Materialise by 0.8% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,890,920 shares of the software maker’s stock valued at $10,684,000 after purchasing an additional 15,573 shares during the last quarter. Rock Point Advisors LLC raised its position in shares of Materialise by 28.0% during the 1st quarter. Rock Point Advisors LLC now owns 898,150 shares of the software maker’s stock valued at $4,419,000 after buying an additional 196,555 shares during the period. King Luther Capital Management Corp lifted its holdings in Materialise by 19.6% in the second quarter. King Luther Capital Management Corp now owns 580,000 shares of the software maker’s stock valued at $3,277,000 after acquiring an additional 95,000 shares during the last quarter. ARK Investment Management LLC grew its position in Materialise by 28.6% in the second quarter. ARK Investment Management LLC now owns 566,508 shares of the software maker’s stock worth $3,201,000 after acquiring an additional 125,948 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Materialise by 15.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 467,276 shares of the software maker’s stock worth $2,640,000 after acquiring an additional 61,465 shares during the period. 19.30% of the stock is 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.