Wall Street Zen Downgrades Materialise (NASDAQ:MTLS) to Buy

Materialise (NASDAQ:MTLS) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Cantor Fitzgerald set a $10.00 price target on Materialise and gave the company an “overweight” rating in a research note on Friday, February 20th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Materialise currently has a consensus rating of “Hold” and an average price target of $10.00.

Materialise Stock Performance

Shares of MTLS opened at $5.68 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.42 and a debt-to-equity ratio of 0.18. Materialise has a 12-month low of $4.78 and a 12-month high of $6.80. The firm has a market capitalization of $335.52 million, a PE ratio of 28.40 and a beta of 1.28. The stock’s fifty day simple moving average is $5.23 and its 200-day simple moving average is $5.54.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Tuesday, March 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter. Materialise had a return on equity of 4.05% and a net margin of 3.77%.The business had revenue of $76.72 million for the quarter. As a group, research analysts predict that Materialise will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Materialise

Large investors have recently modified their holdings of the business. Roubaix Capital LLC bought a new stake in shares of Materialise in the third quarter worth about $2,356,000. Banque Transatlantique SA bought a new position in shares of Materialise during the third quarter worth about $86,000. Teton Advisors LLC bought a new position in shares of Materialise during the third quarter worth about $56,000. Rock Point Advisors LLC grew its holdings in shares of Materialise by 0.3% during the third quarter. Rock Point Advisors LLC now owns 984,295 shares of the software maker’s stock worth $5,483,000 after buying an additional 2,780 shares in the last quarter. Finally, King Luther Capital Management Corp grew its holdings in shares of Materialise by 12.9% during the third quarter. King Luther Capital Management Corp now owns 655,000 shares of the software maker’s stock worth $3,648,000 after buying an additional 75,000 shares in the last quarter. 19.30% of the stock is currently owned by institutional investors.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.