Shares of Materialise NV (NASDAQ:MTLS) have received an average rating of “Buy” from the seven analysts that are covering the stock. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $10.13.
MTLS has been the subject of several research analyst reports. TheStreet downgraded Materialise NV from a “buy” rating to a “hold” rating in a report on Tuesday, December 27th. Pacific Crest reissued an “overweight” rating and issued a $10.00 price objective on shares of Materialise NV in a report on Wednesday, January 11th. Finally, Zacks Investment Research downgraded Materialise NV from a “hold” rating to a “sell” rating in a report on Friday, March 3rd.
Large investors have recently bought and sold shares of the stock. Polar Capital LLP increased its stake in shares of Materialise NV by 47.8% in the third quarter. Polar Capital LLP now owns 246,790 shares of the company’s stock valued at $1,898,000 after buying an additional 79,799 shares in the last quarter. Trent Capital Management Inc. NC bought a new stake in shares of Materialise NV during the fourth quarter valued at $413,000. Renaissance Technologies LLC increased its stake in shares of Materialise NV by 38.8% in the fourth quarter. Renaissance Technologies LLC now owns 72,300 shares of the company’s stock valued at $555,000 after buying an additional 20,200 shares in the last quarter. ARK Investment Management LLC bought a new stake in shares of Materialise NV during the fourth quarter valued at $1,019,000. Finally, Disciplined Growth Investors Inc. MN increased its stake in shares of Materialise NV by 7.9% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 752,990 shares of the company’s stock valued at $5,783,000 after buying an additional 55,100 shares in the last quarter. 6.82% of the stock is owned by institutional investors and hedge funds.
Shares of Materialise NV (NASDAQ:MTLS) opened at 8.86 on Tuesday. The stock’s market cap is $419.30 million. Materialise NV has a one year low of $6.07 and a one year high of $9.50. The company has a 50-day moving average of $8.72 and a 200 day moving average of $7.87.
Materialise NV (NASDAQ:MTLS) last posted its quarterly earnings data on Friday, February 24th. The company reported $0.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. The business earned $33.18 million during the quarter, compared to the consensus estimate of $34.25 million. Materialise NV had a negative return on equity of 2.03% and a negative net margin of 1.45%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. On average, equities analysts forecast that Materialise NV will post $0.06 earnings per share for the current fiscal year.
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Materialise NV Company Profile
Materialise NV is a Belgium-based company engaged in the field of additive manufacturing, known as three dimensional (3D) printing. The Company specializes in 3D printing software and services for various industries, such as: healthcare, automotive, aerospace, art & design, as well as consumer goods.
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