Analysts Set Materialise NV (NASDAQ:MTLS) PT at $14.75

Materialise NV (NASDAQ:MTLS) has received a consensus rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has 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 $14.75.

Several equities analysts recently commented on MTLS shares. Kepler Capital Markets downgraded shares of Materialise to a “sell” rating and set a $15.00 price target on the stock. in a research note on Thursday. BidaskClub raised Materialise from a “hold” rating to a “buy” rating in a research report on Wednesday, July 22nd. Zacks Investment Research cut Materialise from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine lowered Materialise from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, Piper Sandler decreased their price target on Materialise from $15.50 to $14.50 and set a “neutral” rating on the stock in a research report on Thursday, April 30th.

Shares of MTLS opened at $22.41 on Tuesday. The company has a current ratio of 2.16, a quick ratio of 2.02 and a debt-to-equity ratio of 0.79. Materialise has a 52 week low of $10.65 and a 52 week high of $28.99. The firm’s 50-day simple moving average is $24.57 and its 200 day simple moving average is $20.51.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings data on Thursday, July 30th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $42.68 million during the quarter, compared to analysts’ expectations of $45.02 million. Materialise had a negative return on equity of 1.75% and a negative net margin of 1.32%. On average, equities analysts forecast that Materialise will post -0.17 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Nikko Asset Management Americas Inc. lifted its stake in Materialise by 6.4% during the first quarter. Nikko Asset Management Americas Inc. now owns 2,838,938 shares of the software maker’s stock worth $52,719,000 after purchasing an additional 171,887 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Materialise by 6.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,838,512 shares of the software maker’s stock worth $52,711,000 after buying an additional 171,461 shares in the last quarter. State Street Corp lifted its position in shares of Materialise by 31.5% during the 1st quarter. State Street Corp now owns 113,576 shares of the software maker’s stock worth $2,109,000 after buying an additional 27,214 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Materialise in the second quarter valued at about $219,000. Finally, Raymond James & Associates grew its position in Materialise by 37.8% in the fourth quarter. Raymond James & Associates now owns 24,338 shares of the software maker’s stock valued at $446,000 after acquiring an additional 6,677 shares during the last quarter. Institutional investors and hedge funds own 31.45% of the company’s stock.

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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