Zacks Investment Research upgraded shares of Materialise (NASDAQ:MTLS) from a sell rating to a hold rating in a research report released on Thursday.
According to Zacks, “Materialise NV is a provider of Additive Manufacturing (AM) software solutions and sophisticated 3D printing services in a wide variety of industries, including healthcare, automotive, aerospace, art and design and consumer products. The Company specializes in preparation of 3D prototypes for manufactures, software development, biomedical research, and online services. It is also engaged in the development of solutions for orthopedics, biomedical software and engineering, and printing of cardiovascular models. Materialise NV is headquartered in Leuven, Belgium. “
Several other research analysts have also commented on MTLS. KeyCorp reissued a buy rating and set a $18.00 price objective on shares of Materialise in a report on Friday, November 10th. BidaskClub downgraded Materialise from a hold rating to a sell rating in a research report on Thursday, December 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $16.75.
Materialise (NASDAQ:MTLS) last issued its quarterly earnings data on Tuesday, March 6th. The software maker reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Materialise had a negative return on equity of 2.08% and a negative net margin of 1.10%. The company had revenue of $44.70 million during the quarter, compared to analyst estimates of $43.70 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. Materialise’s revenue was up 41.9% on a year-over-year basis. research analysts forecast that Materialise will post 0.14 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in MTLS. Ark Investment Management LLC lifted its position in Materialise by 62.3% in the 2nd quarter. Ark Investment Management LLC now owns 269,748 shares of the software maker’s stock worth $3,202,000 after buying an additional 103,542 shares during the last quarter. LA Financiere DE L Echiquier lifted its position in Materialise by 104.5% in the 3rd quarter. LA Financiere DE L Echiquier now owns 641,738 shares of the software maker’s stock worth $9,344,000 after buying an additional 327,966 shares during the last quarter. Columbus Circle Investors lifted its position in Materialise by 38.6% in the 3rd quarter. Columbus Circle Investors now owns 235,193 shares of the software maker’s stock worth $3,424,000 after buying an additional 65,499 shares during the last quarter. Wells Fargo & Company MN lifted its position in Materialise by 15.0% in the 3rd quarter. Wells Fargo & Company MN now owns 142,264 shares of the software maker’s stock worth $2,072,000 after buying an additional 18,506 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its position in Materialise by 33.3% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 25,069 shares of the software maker’s stock worth $319,000 after buying an additional 6,269 shares during the last quarter. Institutional investors own 12.25% of the company’s stock.
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.
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