Materialise NV (NASDAQ:MTLS) has received an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $19.54.
A number of brokerages have recently weighed in on MTLS. ValuEngine cut shares of Materialise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 10th. KBC Securities downgraded Materialise from a “buy” rating to a “hold” rating and set a $20.07 price objective on the stock. in a research note on Friday, December 28th. BidaskClub upgraded Materialise from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Piper Jaffray Companies reissued an “overweight” rating and issued a $19.00 target price on shares of Materialise in a research note on Thursday, March 7th. Finally, Zacks Investment Research cut Materialise from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th.
Shares of Materialise stock traded up $0.38 during trading on Monday, hitting $17.13. 97,525 shares of the company were exchanged, compared to its average volume of 129,969. The company has a current ratio of 2.32, a quick ratio of 2.18 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $810.76 million, a P/E ratio of 244.71, a PEG ratio of 7.61 and a beta of 0.11. Materialise has a 1-year low of $11.16 and a 1-year high of $22.99.
Materialise (NASDAQ:MTLS) last released its quarterly earnings data on Wednesday, March 6th. The software maker reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $56.12 million for the quarter, compared to the consensus estimate of $55.41 million. Materialise had a return on equity of 2.77% and a net margin of 1.61%. Research analysts anticipate that Materialise will post 0.11 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Advisors Preferred LLC acquired a new stake in shares of Materialise during the fourth quarter worth $45,000. Nikko Asset Management Americas Inc. lifted its holdings in shares of Materialise by 61.0% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 3,982 shares of the software maker’s stock valued at $80,000 after purchasing an additional 1,509 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Materialise in the third quarter valued at about $107,000. Henry James International Management Inc. acquired a new position in shares of Materialise during the fourth quarter worth about $201,000. Finally, LPL Financial LLC boosted its position in shares of Materialise by 9.0% during the fourth quarter. LPL Financial LLC now owns 12,050 shares of the software maker’s stock worth $241,000 after buying an additional 1,000 shares during the period. 22.86% of the stock is owned by institutional investors.
Materialise Company Profile
Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
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