Brokerages Set Materialise NV (MTLS) PT at $17.33

Materialise NV (NASDAQ:MTLS) has earned a consensus rating of “Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $17.33.

A number of brokerages have recently issued reports on MTLS. BidaskClub upgraded shares of Materialise from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Materialise from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th.

How to Become a New Pot Stock Millionaire

Shares of Materialise stock traded down $0.25 during trading on Wednesday, reaching $11.44. The company had a trading volume of 15,223 shares, compared to its average volume of 68,069. The firm has a market cap of $553.23, a PE ratio of -286.00, a price-to-earnings-growth ratio of 5.31 and a beta of 1.61. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.37 and a current ratio of 1.55. Materialise has a fifty-two week low of $8.78 and a fifty-two week high of $16.50.

Materialise (NASDAQ:MTLS) last issued its earnings results on Tuesday, March 6th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $44.70 million for the quarter, compared to analyst estimates of $43.70 million. Materialise had a negative net margin of 1.10% and a negative return on equity of 2.08%. The company’s revenue for the quarter was up 41.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 EPS. equities analysts predict that Materialise will post 0.11 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LA Financiere DE L Echiquier raised its stake in Materialise by 28.6% during the fourth quarter. LA Financiere DE L Echiquier now owns 825,386 shares of the software maker’s stock worth $10,491,000 after acquiring an additional 183,648 shares during the period. ARK Investment Management LLC raised its stake in Materialise by 51.4% during the fourth quarter. ARK Investment Management LLC now owns 738,284 shares of the software maker’s stock worth $9,384,000 after acquiring an additional 250,608 shares during the period. Royce & Associates LP raised its stake in Materialise by 5.5% during the fourth quarter. Royce & Associates LP now owns 478,577 shares of the software maker’s stock worth $6,083,000 after acquiring an additional 25,000 shares during the period. Driehaus Capital Management LLC raised its stake in Materialise by 14.5% during the fourth quarter. Driehaus Capital Management LLC now owns 335,694 shares of the software maker’s stock worth $4,267,000 after acquiring an additional 42,618 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Materialise by 15.0% during the third quarter. Wells Fargo & Company MN now owns 142,264 shares of the software maker’s stock worth $2,072,000 after acquiring an additional 18,506 shares during the period. Hedge funds and other institutional investors own 11.22% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first reported by WKRB News and is the property of of WKRB News. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.wkrb13.com/2018/04/02/brokerages-set-materialise-nv-mtls-pt-at-17-33.html.

Materialise 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.

Receive News & Ratings for Materialise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply