Materialise NV (MTLS) Stock Rating Reaffirmed by KeyCorp

Materialise NV (NASDAQ:MTLS)‘s stock had its “buy” rating reaffirmed by equities research analysts at KeyCorp in a report released on Friday. They presently have a $18.00 target price on the software maker’s stock. KeyCorp’s target price suggests a potential upside of 24.14% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Materialise NV from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, September 1st. Piper Jaffray Companies reissued a “buy” rating and issued a $20.00 price target on shares of Materialise NV in a research report on Friday, October 13th. Finally, Credit Suisse Group increased their price target on shares of Materialise NV from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Six analysts have rated the stock with a buy rating, Materialise NV has an average rating of “Buy” and a consensus target price of $15.40.

Materialise NV (NASDAQ MTLS) opened at $14.50 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.68 and a debt-to-equity ratio of 0.52. Materialise NV has a 52-week low of $6.50 and a 52-week high of $16.50.

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A number of large investors have recently bought and sold shares of MTLS. UBS Group AG raised its position in Materialise NV by 11,860.8% in the first quarter. UBS Group AG now owns 78,702 shares of the software maker’s stock worth $716,000 after purchasing an additional 78,044 shares in the last quarter. Renaissance Technologies LLC grew its stake in Materialise NV by 32.1% during the first quarter. Renaissance Technologies LLC now owns 95,500 shares of the software maker’s stock worth $869,000 after buying an additional 23,200 shares during the last quarter. K.J. Harrison & Partners Inc grew its stake in Materialise NV by 57.0% during the second 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. First Manhattan Co. bought a new stake in Materialise NV during the second quarter worth about $111,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in Materialise NV during the second quarter worth about $223,000. 10.89% of the stock is owned by hedge funds and other institutional investors.

About Materialise NV

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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