BidaskClub upgraded shares of Materialise NV (NASDAQ:MTLS) from a hold rating to a buy rating in a report released on Wednesday morning.

Other equities analysts have also issued research reports about the stock. TheStreet upgraded shares of Materialise NV from a d+ rating to a c rating in a report on Monday, June 26th. Zacks Investment Research upgraded shares of Materialise NV from a sell rating to a hold rating in a report on Thursday, April 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $10.13.

Materialise NV (NASDAQ:MTLS) traded down 0.44% during mid-day trading on Wednesday, hitting $13.55. The stock had a trading volume of 50,817 shares. Materialise NV has a one year low of $6.07 and a one year high of $14.24.

Materialise NV (NASDAQ:MTLS) last posted its earnings results on Tuesday, May 9th. The software maker reported ($0.02) earnings per share for the quarter. The business had revenue of $31.92 million for the quarter, compared to analyst estimates of $30.25 million. Materialise NV had a negative net margin of 0.59% and a negative return on equity of 0.88%. The business’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.07) EPS.

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Institutional investors have recently bought and sold shares of the stock. Tiedemann Wealth Management LLC purchased a new stake in Materialise NV during the first quarter valued at about $178,000. Driehaus Capital Management LLC purchased a new stake in Materialise NV during the first quarter valued at about $527,000. Renaissance Technologies LLC increased its stake in 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 period. Blair William & Co. IL purchased a new stake in Materialise NV during the first quarter valued at about $599,000. Finally, UBS Group AG increased its stake in Materialise NV by 11,860.8% in the first quarter. UBS Group AG now owns 78,702 shares of the software maker’s stock valued at $716,000 after buying an additional 78,044 shares during the period. Institutional investors and hedge funds own 7.83% of the company’s stock.

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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