Cookson Peirce & Co. Inc. Takes $283,000 Position in Materialise NV (MTLS)
Cookson Peirce & Co. Inc. bought a new stake in shares of Materialise NV (NASDAQ:MTLS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 23,845 shares of the software maker’s stock, valued at approximately $283,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. First Mercantile Trust Co. purchased a new position in Materialise NV during the 2nd quarter valued at about $106,000. First Manhattan Co. purchased a new position in Materialise NV during the 2nd quarter valued at about $111,000. Symmetry Peak Management LLC purchased a new position in Materialise NV during the 2nd quarter valued at about $119,000. Private Advisor Group LLC increased its position in Materialise NV by 5.5% during the 2nd quarter. Private Advisor Group LLC now owns 18,702 shares of the software maker’s stock valued at $237,000 after purchasing an additional 980 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in Materialise NV during the 2nd quarter valued at about $223,000. 10.86% of the stock is currently owned by institutional investors and hedge funds.
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MTLS has been the topic of a number of research reports. Zacks Investment Research raised shares of Materialise NV from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Friday, September 1st. Piper Jaffray Companies reissued a “buy” rating and set a $20.00 target price on shares of Materialise NV in a research report on Friday. Credit Suisse Group raised their target price on shares of Materialise NV from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. TheStreet raised shares of Materialise NV from a “d+” rating to a “c” rating in a research report on Monday, June 26th. Finally, BidaskClub raised shares of Materialise NV from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Five analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $14.75.
Shares of Materialise NV (NASDAQ MTLS) traded up 0.31% on Tuesday, hitting $16.34. 16,644 shares of the stock were exchanged. Materialise NV has a 52-week low of $6.28 and a 52-week high of $16.50.
Materialise NV (NASDAQ:MTLS) last issued its earnings results on Tuesday, August 8th. The software maker reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01). The firm had revenue of $33.61 million during the quarter, compared to analyst estimates of $31.90 million. Materialise NV had a negative net margin of 0.99% and a negative return on equity of 1.59%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business earned ($0.01) EPS. On average, equities analysts predict that Materialise NV will post ($0.01) earnings per share for the current year.
Materialise NV Company Profile
Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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