Materialise NV (MTLS) Receives $10.13 Average Target Price from Brokerages
Materialise NV (NASDAQ:MTLS) has been given a consensus rating of “Buy” by the seven brokerages that are currently covering the company. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $10.13.
MTLS has been the topic of a number of research analyst reports. TheStreet downgraded Materialise NV from a “c” rating to a “d+” rating in a report on Friday, February 24th. Pacific Crest reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Materialise NV in a report on Wednesday, January 11th. Finally, Zacks Investment Research downgraded Materialise NV from a “hold” rating to a “sell” rating in a report on Friday, March 3rd.
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Shares of Materialise NV (NASDAQ:MTLS) opened at 8.7676 on Tuesday. The company has a 50-day moving average price of $8.72 and a 200-day moving average price of $7.87. Materialise NV has a 12-month low of $6.07 and a 12-month high of $9.50. The company’s market cap is $414.93 million.
Materialise NV (NASDAQ:MTLS) last issued its earnings results on Friday, February 24th. The company reported $0.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.01. The firm had revenue of $33.18 million for the quarter, compared to the consensus estimate of $34.25 million. Materialise NV had a negative return on equity of 2.03% and a negative net margin of 1.45%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. On average, analysts predict that Materialise NV will post $0.06 earnings per share for the current year.
Several large investors have recently modified their holdings of the stock. Trent Capital Management Inc. NC acquired a new stake in shares of Materialise NV during the fourth quarter worth $413,000. Renaissance Technologies LLC increased its stake in shares of Materialise NV by 38.8% in the fourth quarter. Renaissance Technologies LLC now owns 72,300 shares of the company’s stock worth $555,000 after buying an additional 20,200 shares in the last quarter. ARK Investment Management LLC acquired a new stake in shares of Materialise NV during the fourth quarter worth $1,019,000. Royce & Associates LP acquired a new stake in shares of Materialise NV during the fourth quarter worth $1,511,000. Finally, Polar Capital LLP increased its stake in shares of Materialise NV by 47.8% in the third quarter. Polar Capital LLP now owns 246,790 shares of the company’s stock worth $1,898,000 after buying an additional 79,799 shares in the last quarter. 6.82% of the stock is currently owned by hedge funds and other institutional investors.
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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