TheStreet Upgrades Materialise NV (MTLS) to “Buy”
Materialise NV (NASDAQ:MTLS) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.
Several other research analysts have also weighed in on MTLS. Piper Jaffray Cos. restated an “overweight” rating and set a $8.50 price objective (down from $9.00) on shares of Materialise NV in a research note on Monday, August 15th. Zacks Investment Research upgraded shares of Materialise NV from a “sell” rating to a “hold” rating in a research note on Wednesday, October 12th. Credit Suisse Group AG restated a “buy” rating and set a $12.00 price objective on shares of Materialise NV in a research note on Friday, August 12th. Finally, KeyCorp boosted their price objective on shares of Materialise NV from $6.58 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $9.58.
Shares of Materialise NV (NASDAQ:MTLS) opened at 8.21 on Thursday. Materialise NV has a 1-year low of $5.22 and a 1-year high of $8.59. The company has a 50 day moving average of $0.00 and a 200 day moving average of $0.00.
An institutional investor recently raised its position in Materialise NV stock. Polar Capital LLP increased its position in shares of Materialise NV (NASDAQ:MTLS) by 18.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,991 shares of the company’s stock after buying an additional 26,212 shares during the period. Polar Capital LLP owned approximately 0.35% of Materialise NV worth $1,191,000 at the end of the most recent quarter. 6.85% of the stock is currently owned by hedge funds and other institutional investors.
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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