Materialise NV (NASDAQ:MTLS) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $10.38.
A number of equities analysts recently commented on the company. Credit Suisse Group AG reiterated a “buy” rating and set a $12.00 price objective on shares of Materialise NV in a research report on Friday, August 12th. Piper Jaffray Cos. restated an “overweight” rating and issued a $8.50 target price (down previously from $9.00) on shares of Materialise NV in a research report on Monday, August 15th. Finally, KeyCorp lifted their target price on Materialise NV from $6.58 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday, September 7th.
A hedge fund recently bought a new stake in Materialise NV stock. Renaissance Technologies LLC acquired a new position in shares of Materialise NV (NASDAQ:MTLS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,800 shares of the company’s stock, valued at approximately $135,000. Institutional investors and hedge funds own 7.17% of the company’s stock.
Shares of Materialise NV (NASDAQ:MTLS) opened at 7.98 on Thursday. Materialise NV has a 52 week low of $5.22 and a 52 week high of $8.89. The stock’s market capitalization is $377.65 million. The company’s 50 day moving average price is $6.98 and its 200-day moving average price is $7.08.
Materialise NV (NASDAQ:MTLS) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.00. Materialise NV had a negative return on equity of 3.33% and a negative net margin of 2.47%. The company had revenue of $27.60 million for the quarter, compared to analysts’ expectations of $31.47 million. During the same quarter in the previous year, the business posted ($0.06) EPS. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities research analysts predict that Materialise NV will post ($0.05) EPS for the current year.
About Materialise NV
Materialise NV is a Belgium-based company engaged in the field of additive manufacturing, known as three dimensional (3D) printing. The Company specializes in 3D printing software and services for various industries, such as: healthcare, automotive, aerospace, art & design, as well as consumer goods.
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