Materialise NV (NASDAQ:MTLS) has earned an average rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $19.54.
Several research firms have commented on MTLS. BidaskClub cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, ValuEngine cut shares of WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday, June 28th.
Materialise stock traded down $0.34 during trading hours on Monday, hitting $18.15. 56,309 shares of the company traded hands, compared to its average volume of 175,963. The company has a market cap of $968.51 million, a price-to-earnings ratio of 259.29, a P/E/G ratio of 8.80 and a beta of 0.50. The company has a current ratio of 2.18, a quick ratio of 2.03 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average price is $17.00. Materialise has a 1-year low of $11.16 and a 1-year high of $22.99.
Materialise (NASDAQ:MTLS) last released its earnings results on Tuesday, April 30th. The software maker reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02). The company had revenue of $52.93 million for the quarter, compared to analyst estimates of $53.51 million. Materialise had a net margin of 1.56% and a return on equity of 2.39%. Analysts anticipate that Materialise will post 0.1 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. OppenheimerFunds Inc. grew its stake in shares of Materialise by 39.9% in the 1st quarter. OppenheimerFunds Inc. now owns 3,105,877 shares of the software maker’s stock worth $48,887,000 after purchasing an additional 886,455 shares during the last quarter. ARK Investment Management LLC grew its stake in shares of Materialise by 11.7% in the 1st quarter. ARK Investment Management LLC now owns 2,749,159 shares of the software maker’s stock worth $43,272,000 after purchasing an additional 288,247 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Materialise in the 4th quarter worth approximately $12,413,000. Cortina Asset Management LLC grew its stake in shares of Materialise by 17.1% in the 2nd quarter. Cortina Asset Management LLC now owns 395,079 shares of the software maker’s stock worth $7,712,000 after purchasing an additional 57,804 shares during the last quarter. Finally, Granite Investment Partners LLC grew its stake in shares of Materialise by 87.9% in the 1st quarter. Granite Investment Partners LLC now owns 69,171 shares of the software maker’s stock worth $1,089,000 after purchasing an additional 32,354 shares during the last quarter. 21.93% of the stock is currently 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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