BidaskClub upgraded shares of Materialise (NASDAQ:MTLS) from a sell rating to a hold rating in a report released on Friday.

Several other analysts have also issued reports on MTLS. Zacks Investment Research raised Materialise from a strong sell rating to a hold rating in a research note on Wednesday, October 10th. TheStreet raised Materialise from a c+ rating to a b- rating in a research note on Thursday, September 13th. Finally, ValuEngine raised Materialise from a hold rating to a buy rating in a research note on Friday, August 10th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Materialise has a consensus rating of Hold and a consensus price target of $18.00.

MTLS stock opened at $12.48 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.41 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $590.62 million, a P/E ratio of 1,248.00, a P/E/G ratio of 11.35 and a beta of 1.64. Materialise has a 1-year low of $11.16 and a 1-year high of $16.20.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $52.55 million during the quarter, compared to the consensus estimate of $53.92 million. Materialise had a return on equity of 0.41% and a net margin of 0.19%. As a group, sell-side analysts predict that Materialise will post 0.05 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of MTLS. Bellevue Group AG purchased a new stake in Materialise in the second quarter worth approximately $510,000. Wells Fargo & Company MN boosted its stake in Materialise by 5.4% in the first quarter. Wells Fargo & Company MN now owns 103,594 shares of the software maker’s stock worth $1,211,000 after buying an additional 5,263 shares in the last quarter. KBC Group NV boosted its stake in Materialise by 46.6% in the second quarter. KBC Group NV now owns 176,801 shares of the software maker’s stock worth $2,295,000 after buying an additional 56,160 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Materialise by 46.9% in the second quarter. Renaissance Technologies LLC now owns 179,600 shares of the software maker’s stock worth $2,331,000 after buying an additional 57,300 shares in the last quarter. Finally, ARK Investment Management LLC boosted its stake in Materialise by 20.5% in the second quarter. ARK Investment Management LLC now owns 1,494,142 shares of the software maker’s stock worth $19,394,000 after buying an additional 254,681 shares in the last quarter. 9.81% of the stock is owned by institutional investors and hedge funds.

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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