Shares of Materialise NV (NASDAQ:MTLS – Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.60 and traded as high as $6.66. Materialise shares last traded at $6.61, with a volume of 101,562 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Materialise from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Cantor Fitzgerald set a $10.00 target price on shares of Materialise and gave the company an “overweight” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Materialise currently has a consensus rating of “Hold” and a consensus target price of $10.00.
Get Our Latest Stock Report on Materialise
Materialise Stock Down 1.1%
Materialise (NASDAQ:MTLS – Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The software maker reported $0.03 EPS for the quarter. The company had revenue of $76.72 million for the quarter. Materialise had a net margin of 3.77% and a return on equity of 4.05%. As a group, analysts predict that Materialise NV will post 0.16 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in shares of Materialise by 116.8% in the 4th quarter. Pacer Advisors Inc. now owns 4,726 shares of the software maker’s stock worth $26,000 after buying an additional 2,546 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Materialise by 123.8% in the 4th quarter. GAMMA Investing LLC now owns 9,869 shares of the software maker’s stock worth $55,000 after buying an additional 5,459 shares during the last quarter. Teton Advisors LLC acquired a new stake in Materialise in the 3rd quarter worth approximately $56,000. Quadrature Capital Ltd acquired a new stake in Materialise in the 4th quarter worth approximately $56,000. Finally, Granite Investment Partners LLC acquired a new stake in Materialise in the 1st quarter worth approximately $58,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.
Materialise Company Profile
Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.
On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.
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