Materialise NV (NASDAQ:MTLS) Lifted to Buy at BidaskClub
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.
ILLEGAL ACTIVITY NOTICE: “Materialise NV (NASDAQ:MTLS) Lifted to Buy at BidaskClub” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/07/17/materialise-nv-nasdaqmtls-lifted-to-buy-at-bidaskclub.html.
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.
Receive News & Stock Ratings for Materialise NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise NV and related stocks with our FREE daily email newsletter.