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.
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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