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 also recently issued research reports about the company. Piper Sandler reiterated a neutral rating and set a $38.00 price target on shares of Materialise in a report on Friday, October 30th. BidaskClub upgraded shares of Materialise from a hold rating to a buy rating in a research note on Tuesday, November 10th. ValuEngine upgraded shares of Materialise from a hold rating to a buy rating in a research note on Thursday, October 1st. Finally, Kepler Capital Markets downgraded shares of Materialise to a sell rating and set a $15.00 price objective on the stock. in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $27.67.
Shares of MTLS stock opened at $40.80 on Friday. Materialise has a 12 month low of $10.65 and a 12 month high of $52.87. The company has a quick ratio of 1.94, a current ratio of 2.07 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $41.63 and its two-hundred day moving average is $30.76. The company has a market cap of $2.14 billion, a PE ratio of -510.00 and a beta of 0.80.
Materialise (NASDAQ:MTLS) last announced its quarterly earnings results on Thursday, October 29th. The software maker reported ($0.01) EPS for the quarter. Materialise had a negative net margin of 2.06% and a negative return on equity of 2.68%. As a group, equities analysts expect that Materialise will post -0.11 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in MTLS. ARK Investment Management LLC increased its holdings in shares of Materialise by 32.7% during the 3rd quarter. ARK Investment Management LLC now owns 6,319,679 shares of the software maker’s stock worth $233,259,000 after acquiring an additional 1,558,800 shares during the last quarter. State Street Corp raised its position in Materialise by 31.5% in the first quarter. State Street Corp now owns 113,576 shares of the software maker’s stock valued at $2,109,000 after purchasing an additional 27,214 shares during the last quarter. California Public Employees Retirement System raised its position in Materialise by 2.3% in the third quarter. California Public Employees Retirement System now owns 43,634 shares of the software maker’s stock valued at $1,611,000 after purchasing an additional 1,000 shares during the last quarter. Alps Advisors Inc. bought a new position in Materialise in the third quarter valued at about $1,042,000. Finally, Advisory Research Inc. bought a new position in Materialise in the third quarter valued at about $639,000. Institutional investors own 32.97% of the company’s stock.
EMaterialise NV engages in the provision of additive manufacturing software and 3D printing services. It operates through the following business segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment develops and delivers additive manufacturing software solutions and related services.
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