Candriam S.C.A. Purchases Shares of 10,000 Materialise NV $MTLS

Candriam S.C.A. purchased a new position in Materialise NV (NASDAQ:MTLS) during the 2nd quarter, Holdings Channel reports. The firm purchased 10,000 shares of the software maker’s stock, valued at approximately $57,000.

Other large investors have also made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Materialise in the first quarter valued at about $75,000. Meritage Portfolio Management acquired a new position in shares of Materialise in the second quarter valued at $459,000. Envestnet Asset Management Inc. lifted its position in Materialise by 11.8% in the first quarter. Envestnet Asset Management Inc. now owns 139,409 shares of the software maker’s stock worth $686,000 after purchasing an additional 14,683 shares during the period. AMH Equity Ltd boosted its stake in Materialise by 88.8% during the second quarter. AMH Equity Ltd now owns 207,661 shares of the software maker’s stock worth $1,173,000 after buying an additional 97,661 shares in the last quarter. Finally, Roubaix Capital LLC bought a new stake in Materialise in the 1st quarter valued at $1,938,000. Institutional investors and hedge funds own 19.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Materialise in a report on Thursday. Wall Street Zen raised shares of Materialise from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Zacks Research raised Materialise from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Materialise Price Performance

Materialise stock opened at $5.94 on Tuesday. The business’s fifty day moving average is $5.81 and its two-hundred day moving average is $5.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.37. The firm has a market cap of $350.88 million, a P/E ratio of 74.26 and a beta of 1.27. Materialise NV has a 52 week low of $3.93 and a 52 week high of $9.69.

Materialise (NASDAQ:MTLS) last announced its earnings results on Tuesday, October 28th. The software maker reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $77.69 million during the quarter, compared to analyst estimates of $65.35 million. Materialise had a return on equity of 1.75% and a net margin of 1.65%. Materialise has set its FY 2025 guidance at EPS. Equities research analysts forecast that Materialise NV will post 0.3 earnings per share for the current fiscal year.

About Materialise

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.