Materialise (MTLS) Rating Increased to Buy at ValuEngine

Materialise (NASDAQ:MTLS) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Other research analysts have also recently issued research reports about the company. TheStreet raised Materialise from a “c+” rating to a “b-” rating in a research report on Thursday, September 13th. BidaskClub raised Materialise from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Finally, Zacks Investment Research raised Materialise from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Materialise presently has a consensus rating of “Buy” and an average target price of $18.00.

Shares of NASDAQ:MTLS opened at $13.64 on Wednesday. The company has a market cap of $610.97 million, a P/E ratio of -341.00, a P/E/G ratio of 11.74 and a beta of 1.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.41 and a current ratio of 1.57. Materialise has a 12-month low of $11.16 and a 12-month high of $16.20.

Materialise (NASDAQ:MTLS) last announced its earnings results on Tuesday, August 7th. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $52.55 million for the quarter, compared to analysts’ expectations of $53.92 million. Materialise had a net margin of 0.19% and a return on equity of 0.41%. As a group, research analysts predict that Materialise will post 0.05 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of MTLS. Bellevue Group AG purchased a new position in Materialise in the second quarter worth $510,000. Wells Fargo & Company MN boosted its position in Materialise by 5.4% in the first quarter. Wells Fargo & Company MN now owns 103,594 shares of the software maker’s stock worth $1,211,000 after purchasing an additional 5,263 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in Materialise in the third quarter worth $1,829,000. KBC Group NV boosted its position in Materialise by 46.6% in the second quarter. KBC Group NV now owns 176,801 shares of the software maker’s stock worth $2,295,000 after purchasing an additional 56,160 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Materialise by 46.9% in the second quarter. Renaissance Technologies LLC now owns 179,600 shares of the software maker’s stock worth $2,331,000 after purchasing an additional 57,300 shares during the last quarter. 9.81% of the stock is currently owned by institutional investors and hedge funds.

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.

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