Materialise NV (NASDAQ:MTLS) Receives Average Rating of “Hold” from Analysts
Shares of Materialise NV (NASDAQ:MTLS) have been given an average rating of “Hold” by the eight analysts that are covering the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $10.38.
Several equities analysts have recently weighed in on the company. Credit Suisse Group AG reissued a “buy” rating and set a $12.00 target price on shares of Materialise NV in a research report on Friday, August 12th. Piper Jaffray Cos. reissued an “overweight” rating and set a $8.50 target price (down previously from $9.00) on shares of Materialise NV in a research report on Monday, August 15th. Finally, KeyCorp boosted their target price on Materialise NV from $6.58 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday, September 7th.
An institutional investor recently bought a new position in Materialise NV stock. Renaissance Technologies LLC purchased a new position in Materialise NV (NASDAQ:MTLS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,800 shares of the company’s stock, valued at approximately $135,000. 7.17% of the stock is currently owned by institutional investors and hedge funds.
Materialise NV (NASDAQ:MTLS) opened at 7.98 on Thursday. The stock’s market cap is $377.65 million. The stock has a 50 day moving average price of $6.98 and a 200 day moving average price of $7.08. Materialise NV has a 52-week low of $5.22 and a 52-week high of $8.89.
Materialise NV (NASDAQ:MTLS) last released its earnings results on Thursday, August 11th. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.00. The company had revenue of $27.60 million for the quarter, compared to the consensus estimate of $31.47 million. Materialise NV had a negative net margin of 2.47% and a negative return on equity of 3.33%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) EPS. Analysts expect that Materialise NV will post ($0.05) EPS for the current fiscal year.
Materialise NV Company Profile
Materialise NV is a Belgium-based company engaged in the field of additive manufacturing, known as three dimensional (3D) printing. The Company specializes in 3D printing software and services for various industries, such as: healthcare, automotive, aerospace, art & design, as well as consumer goods.
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