Analysts Set Materialise NV (NASDAQ:MTLS) PT at $25.00

Shares of Materialise NV (NASDAQ:MTLSGet Rating) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $25.00.

Several research analysts have commented on MTLS shares. Stifel Nicolaus dropped their price objective on shares of Materialise from $26.00 to $22.00 in a research note on Tuesday, May 3rd. Zacks Investment Research lowered shares of Materialise from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. StockNews.com lowered shares of Materialise from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. Finally, Bryan, Garnier & Co lowered shares of Materialise from a “buy” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research note on Friday, March 25th.

MTLS traded up $0.14 during trading hours on Friday, hitting $14.99. The company’s stock had a trading volume of 4,827 shares, compared to its average volume of 322,782. The business’s 50-day moving average price is $18.23 and its 200-day moving average price is $20.83. Materialise has a 12 month low of $13.40 and a 12 month high of $30.26. The stock has a market cap of $812.01 million, a price-to-earnings ratio of 45.00 and a beta of 0.75. The company has a current ratio of 2.41, a quick ratio of 2.28 and a debt-to-equity ratio of 0.29.

Materialise (NASDAQ:MTLSGet Rating) last announced its quarterly earnings results on Thursday, March 3rd. The software maker reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $64.55 million for the quarter, compared to analysts’ expectations of $60.40 million. Materialise had a net margin of 8.06% and a return on equity of 7.43%. During the same quarter in the previous year, the business posted $0.04 earnings per share. On average, analysts forecast that Materialise will post 0.12 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Materialise by 4.1% in the first quarter. State Street Corp now owns 140,535 shares of the software maker’s stock valued at $2,719,000 after acquiring an additional 5,507 shares in the last quarter. Vident Investment Advisory LLC raised its holdings in shares of Materialise by 4.6% in the first quarter. Vident Investment Advisory LLC now owns 1,304,848 shares of the software maker’s stock valued at $25,249,000 after acquiring an additional 56,932 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Materialise by 176.9% in the first quarter. Renaissance Technologies LLC now owns 40,700 shares of the software maker’s stock valued at $788,000 after acquiring an additional 26,000 shares in the last quarter. Mariner LLC bought a new stake in shares of Materialise in the first quarter valued at about $405,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Materialise in the first quarter valued at about $309,000. Hedge funds and other institutional investors own 38.31% of the company’s stock.

About Materialise (Get Rating)

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. It 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.

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