Materialise NV (NASDAQ:MTLS) Given Average Recommendation of “Hold” by Analysts

Shares of Materialise NV (NASDAQ:MTLS) have been given a consensus rating of “Hold” by the six ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $19.54.

Several research firms have recently weighed in on MTLS. ValuEngine downgraded shares of Materialise from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Materialise from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 9th. BidaskClub downgraded shares of Materialise from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 7th. Finally, TheStreet raised shares of Materialise from a “c” rating to a “b” rating in a research note on Tuesday, August 6th.

NASDAQ:MTLS opened at $18.63 on Wednesday. The company’s 50-day moving average price is $18.53 and its 200-day moving average price is $17.61. The company has a current ratio of 2.14, a quick ratio of 2.02 and a debt-to-equity ratio of 0.68. The company has a market cap of $963.79 million, a P/E ratio of 266.14 and a beta of 0.41. Materialise has a twelve month low of $12.27 and a twelve month high of $22.99.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.05). The business had revenue of $55.08 million during the quarter, compared to analysts’ expectations of $54.53 million. Materialise had a return on equity of 1.67% and a net margin of 1.19%. On average, analysts expect that Materialise will post 0.06 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Henry James International Management Inc. acquired a new stake in Materialise during the 3rd quarter worth approximately $479,000. Invesco Ltd. acquired a new stake in Materialise during the 2nd quarter worth approximately $60,632,000. Private Advisor Group LLC increased its position in Materialise by 8.0% during the 2nd quarter. Private Advisor Group LLC now owns 24,845 shares of the software maker’s stock worth $485,000 after purchasing an additional 1,830 shares in the last quarter. HighTower Advisors LLC increased its position in Materialise by 25.2% during the 2nd quarter. HighTower Advisors LLC now owns 17,367 shares of the software maker’s stock worth $338,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Materialise by 44.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 23,287 shares of the software maker’s stock worth $455,000 after purchasing an additional 7,129 shares in the last quarter. Hedge funds and other institutional investors own 24.46% of the company’s stock.

About Materialise

Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

Read More: Price to Earnings Ratio (PE)

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