Materialise NV (MTLS) Receives Average Recommendation of “Buy” from Analysts
Shares of Materialise NV (NASDAQ:MTLS) have been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $14.75.
A number of research firms recently commented on MTLS. 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 report on Friday, August 11th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $20.00 target price on shares of Materialise NV in a report on Friday, October 13th. BidaskClub raised Materialise NV from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research downgraded Materialise NV from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th.
Materialise NV (NASDAQ:MTLS) traded down 0.59% during trading on Friday, reaching $15.15. 69,838 shares of the company’s stock traded hands. The firm’s market cap is $716.97 million. The company has a 50 day moving average of $14.74 and a 200 day moving average of $13.14. Materialise NV has a one year low of $6.28 and a one year high of $16.50.
Materialise NV (NASDAQ:MTLS) last issued its quarterly earnings results 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). The business had revenue of $33.61 million during the quarter, compared to analyst estimates of $31.90 million. Materialise NV had a negative return on equity of 1.59% and a negative net margin of 0.99%. Materialise NV’s revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) EPS. Equities research analysts predict that Materialise NV will post ($0.04) EPS for the current year.
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A number of large investors have recently made changes to their positions in the business. Royce & Associates LP lifted its holdings in Materialise NV by 3.3% in the second quarter. Royce & Associates LP now owns 453,577 shares of the software maker’s stock valued at $5,384,000 after acquiring an additional 14,577 shares during the period. LA Financiere DE L Echiquier acquired a new position in Materialise NV in the second quarter valued at approximately $3,724,000. ARK Investment Management LLC lifted its holdings in Materialise NV by 62.3% in the second quarter. ARK Investment Management LLC now owns 269,748 shares of the software maker’s stock valued at $3,202,000 after acquiring an additional 103,542 shares during the period. K.J. Harrison & Partners Inc lifted its holdings in Materialise NV by 57.0% in the second quarter. K.J. Harrison & Partners Inc now owns 181,782 shares of the software maker’s stock valued at $2,158,000 after acquiring an additional 66,000 shares during the period. Finally, Columbus Circle Investors acquired a new position in Materialise NV in the second quarter valued at 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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