Materialise NV (NASDAQ:MTLS) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $14.75.
MTLS has been the subject of a number of research reports. Piper Sandler decreased their price target on Materialise from $15.50 to $14.50 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Kepler Capital Markets lowered Materialise to a “sell” rating and set a $15.00 price target for the company. in a research note on Tuesday, May 5th. BidaskClub raised Materialise from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Zacks Investment Research lowered Materialise from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, ValuEngine lowered Materialise from a “buy” rating to a “hold” rating in a research note on Friday, May 1st.
NASDAQ MTLS traded down $2.13 on Monday, reaching $26.22. 6,340 shares of the stock traded hands, compared to its average volume of 84,545. The firm’s fifty day simple moving average is $22.20 and its 200 day simple moving average is $18.84. The company has a quick ratio of 2.02, a current ratio of 2.16 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -1,317.50 and a beta of 0.37. Materialise has a 12 month low of $10.65 and a 12 month high of $28.99.
Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Thursday, April 30th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The firm had revenue of $51.07 million for the quarter, compared to the consensus estimate of $52.38 million. Materialise had a negative net margin of 0.44% and a negative return on equity of 0.62%. As a group, equities research analysts forecast that Materialise will post -0.36 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of Materialise during the 4th quarter worth $35,000. Banque Cantonale Vaudoise bought a new stake in shares of Materialise during the 4th quarter worth $36,000. Citigroup Inc. lifted its holdings in shares of Materialise by 177.6% in the fourth quarter. Citigroup Inc. now owns 2,501 shares of the software maker’s stock valued at $46,000 after purchasing an additional 1,600 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Materialise in the fourth quarter valued at $56,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Materialise by 91.9% in the first quarter. Exchange Traded Concepts LLC now owns 7,362 shares of the software maker’s stock valued at $137,000 after purchasing an additional 3,526 shares in the last quarter. 31.45% 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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