KeyCorp reaffirmed their buy rating on shares of Materialise NV (NASDAQ:MTLS) in a research note published on Friday. They currently have a $18.00 price target on the software maker’s stock.

MTLS has been the subject of a number of other reports. Zacks Investment Research raised shares of Materialise NV from a hold rating to a buy rating and set a $15.00 price objective for the company in a report on Friday, September 1st. Piper Jaffray Companies reiterated a buy rating and issued a $20.00 target price on shares of Materialise NV in a research report on Friday, October 13th. Finally, Credit Suisse Group lifted their target price on shares of Materialise NV from $13.00 to $14.00 and gave the stock an outperform rating in a research report on Friday, August 11th. Six analysts have rated the stock with a buy rating, Materialise NV presently has a consensus rating of Buy and a consensus price target of $15.40.

Materialise NV (MTLS) traded up $0.32 during midday trading on Friday, hitting $14.50. 85,600 shares of the stock were exchanged, compared to its average volume of 61,591. Materialise NV has a 52 week low of $6.50 and a 52 week high of $16.50. The company has a quick ratio of 1.68, a current ratio of 1.83 and a debt-to-equity ratio of 0.52.

Materialise NV (NASDAQ:MTLS) last posted its quarterly earnings data on Tuesday, August 8th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Materialise NV had a negative return on equity of 3.49% and a negative net margin of 2.07%. The company had revenue of $33.61 million for the quarter, compared to the consensus estimate of $31.90 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The business’s revenue was up 21.8% on a year-over-year basis. equities analysts expect that Materialise NV will post -0.03 EPS for the current year.

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A number of large investors have recently modified their holdings of MTLS. UBS Group AG raised its position in Materialise NV by 11,860.8% in the 1st quarter. UBS Group AG now owns 78,702 shares of the software maker’s stock worth $716,000 after purchasing an additional 78,044 shares during the period. Renaissance Technologies LLC raised its position in Materialise NV by 32.1% in the 1st quarter. Renaissance Technologies LLC now owns 95,500 shares of the software maker’s stock worth $869,000 after purchasing an additional 23,200 shares during the period. K.J. Harrison & Partners Inc raised its position in Materialise NV by 57.0% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 181,782 shares of the software maker’s stock worth $2,158,000 after purchasing an additional 66,000 shares during the period. First Manhattan Co. purchased a new position in shares of Materialise NV in the second quarter valued at about $111,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Materialise NV in the second quarter valued at about $223,000. Institutional investors own 10.89% of the company’s stock.

About Materialise NV

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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