Materialise NV (NASDAQ:MTLS) was upgraded by analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other research analysts also recently issued reports on the company. KeyCorp boosted their price target on Materialise NV from $6.58 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, September 7th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $8.50 price target (down from $9.00) on shares of Materialise NV in a report on Monday, August 15th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $12.00 price target on shares of Materialise NV in a report on Friday, August 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $9.58.

Shares of Materialise NV (NASDAQ:MTLS) opened at 8.0875 on Wednesday. Materialise NV has a 1-year low of $5.22 and a 1-year high of $8.89. The company’s market cap is $382.74 million. The firm’s 50-day moving average is $7.12 and its 200-day moving average is $7.10.

Materialise NV (NASDAQ:MTLS) last announced its quarterly earnings results on Thursday, August 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.00. Materialise NV had a negative net margin of 2.47% and a negative return on equity of 3.33%. The company earned $27.60 million during the quarter, compared to analyst estimates of $31.47 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The company’s revenue was up 11.4% compared to the same quarter last year. On average, equities analysts forecast that Materialise NV will post ($0.05) earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Materialise NV stock. Renaissance Technologies LLC acquired a new stake in shares of Materialise NV (NASDAQ:MTLS) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,800 shares of the company’s stock, valued at approximately $135,000. 7.17% of the stock is owned by institutional investors and hedge funds.

About Materialise NV

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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