Materialise NV (NASDAQ:MTLS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday, September 1st. The firm presently has a $15.00 price target on the software maker’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.11% from the company’s previous close.
According to Zacks, “Materialise NV is a provider of Additive Manufacturing (AM) software solutions and sophisticated 3D printing services in a wide variety of industries, including healthcare, automotive, aerospace, art and design and consumer products. The Company specializes in preparation of 3D prototypes for manufactures, software development, biomedical research, and online services. It is also engaged in the development of solutions for orthopedics, biomedical software and engineering, and printing of cardiovascular models. Materialise NV is headquartered in Leuven, Belgium. “
Other equities analysts have also issued research reports about the stock. BidaskClub upgraded shares of Materialise NV from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. TheStreet raised shares of Materialise NV from a “d+” rating to a “c” rating in a research note on Monday, June 26th. Credit Suisse Group boosted their target price 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. Finally, Piper Jaffray Companies boosted their target price on shares of Materialise NV to $18.50 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Five research analysts have rated the stock with a buy rating, Materialise NV presently has a consensus rating of “Buy” and an average target price of $14.38.
Shares of Materialise NV (MTLS) opened at 13.38 on Friday. The company’s market capitalization is $633.21 million. The firm has a 50-day moving average price of $13.40 and a 200 day moving average price of $11.81. Materialise NV has a 12-month low of $6.28 and a 12-month high of $15.74.
Materialise NV (NASDAQ:MTLS) last issued its earnings results on Tuesday, August 8th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Materialise NV had a negative net margin of 0.99% and a negative return on equity of 1.59%. The company had revenue of $33.61 million during the quarter, compared to analysts’ expectations of $31.90 million. During the same period last year, the business posted ($0.01) earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. On average, equities research analysts predict that Materialise NV will post ($0.02) earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. bought a new stake in Materialise NV in the second quarter worth approximately $106,000. First Manhattan Co. bought a new stake in shares of Materialise NV during the 2nd quarter worth $111,000. Symmetry Peak Management LLC bought a new stake in shares of Materialise NV during the 2nd quarter worth $119,000. Tiedemann Wealth Management LLC bought a new stake in shares of Materialise NV during the 1st quarter worth $178,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Materialise NV during the 2nd quarter worth $223,000. Hedge funds and other institutional investors own 10.86% of the company’s stock.
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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