Materialise NV (MTLS) Receives Consensus Rating of “Buy” from Brokerages
Shares of Materialise NV (NASDAQ:MTLS) have been given an average rating of “Buy” by the seven research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.13.
MTLS has been the subject of several research analyst reports. Zacks Investment Research raised shares of Materialise NV from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. TheStreet raised shares of Materialise NV from a “d+” rating to a “c” rating in a research report on Monday, June 26th. BidaskClub raised shares of Materialise NV from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies increased their price objective on shares of Materialise NV to $18.50 and gave the company an “overweight” rating in a research report on Monday, July 31st. Finally, Credit Suisse Group AG increased their price objective on shares of Materialise NV from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday.
Materialise NV (NASDAQ MTLS) traded down 1.81% during midday trading on Tuesday, hitting $13.03. 42,989 shares of the stock traded hands. Materialise NV has a 52-week low of $6.07 and a 52-week high of $15.74.
Materialise NV (NASDAQ:MTLS) last released its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The firm had revenue of $33.61 million for the quarter, compared to analysts’ expectations of $31.90 million. Materialise NV had a negative net margin of 0.99% and a negative return on equity of 1.59%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) earnings per share.
Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in shares of Materialise NV by 38.8% in the fourth quarter. Renaissance Technologies LLC now owns 72,300 shares of the software maker’s stock valued at $555,000 after buying an additional 20,200 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Materialise NV by 17.6% in the first quarter. Wells Fargo & Company MN now owns 128,894 shares of the software maker’s stock valued at $1,173,000 after buying an additional 19,292 shares during the period. Tiedemann Wealth Management LLC acquired a new position in shares of Materialise NV during the first quarter valued at $178,000. Blair William & Co. IL acquired a new position in shares of Materialise NV during the first quarter valued at $599,000. Finally, Royce & Associates LP increased its position in shares of Materialise NV by 122.8% in the first quarter. Royce & Associates LP now owns 439,000 shares of the software maker’s stock valued at $3,995,000 after buying an additional 242,000 shares during the period. 8.51% of the stock is owned by hedge funds and other institutional investors.
WARNING: “Materialise NV (MTLS) Receives Consensus Rating of “Buy” from Brokerages” was first reported by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.watchlistnews.com/materialise-nv-mtls-receives-consensus-rating-of-buy-from-brokerages/1492239.html.
About Materialise NV
Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
Receive News & Ratings for Materialise NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise NV and related companies with Analyst Ratings Network's FREE daily email newsletter.