Materialise NV (NASDAQ:MTLS)‘s stock had its “buy” rating restated by Piper Jaffray Companies in a report issued on Friday. They currently have a $20.00 target price on the software maker’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 30.59% from the stock’s previous close.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research upgraded Materialise NV from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Friday, September 1st. TheStreet upgraded Materialise NV from a “d+” rating to a “c” rating in a research note on Monday, June 26th. Credit Suisse Group lifted their target price on Materialise NV from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Finally, BidaskClub upgraded Materialise NV from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $14.75.
Materialise NV (NASDAQ:MTLS) last issued its quarterly earnings data on Tuesday, August 8th. The software maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Materialise NV had a negative net margin of 0.99% and a negative return on equity of 1.59%. The company had revenue of $33.61 million for the quarter, compared to the consensus estimate of $31.90 million. During the same quarter last year, the business posted ($0.01) earnings per share. Materialise NV’s revenue was up 21.8% on a year-over-year basis.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP grew its holdings in shares of Materialise NV by 3.3% during the second quarter. Royce & Associates LP now owns 453,577 shares of the software maker’s stock worth $5,384,000 after purchasing an additional 14,577 shares in the last quarter. LA Financiere DE L Echiquier bought a new stake in Materialise NV in the 2nd quarter worth approximately $3,724,000. ARK Investment Management LLC lifted its position in Materialise NV by 62.3% in the 2nd quarter. ARK Investment Management LLC now owns 269,748 shares of the software maker’s stock worth $3,202,000 after buying an additional 103,542 shares during the last quarter. K.J. Harrison & Partners Inc lifted its position in Materialise NV by 57.0% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 181,782 shares of the software maker’s stock worth $2,158,000 after buying an additional 66,000 shares during the last quarter. Finally, Columbus Circle Investors bought a new stake in Materialise NV in the 2nd quarter worth approximately $2,014,000. 10.86% of the stock is owned by institutional investors.
Materialise NV Company Profile
Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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