Materialise NV (MTLS) Receives Consensus Rating of “Buy” from Brokerages

Materialise NV (NASDAQ:MTLS) has been given a consensus rating of “Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $17.33.

Several analysts recently commented on the stock. BidaskClub raised shares of Materialise from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of Materialise from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th.

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MTLS stock traded up $0.31 during midday trading on Friday, reaching $12.66. The company had a trading volume of 71,845 shares, compared to its average volume of 48,150. The company has a quick ratio of 1.37, a current ratio of 1.55 and a debt-to-equity ratio of 1.06. Materialise has a fifty-two week low of $9.50 and a fifty-two week high of $16.50. The company has a market cap of $599.13, a P/E ratio of -316.50, a PEG ratio of 5.75 and a beta of 1.61.

Materialise (NASDAQ:MTLS) last announced its earnings results on Tuesday, March 6th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Materialise had a negative net margin of 1.10% and a negative return on equity of 2.08%. The company had revenue of $44.70 million for the quarter, compared to the consensus estimate of $43.70 million. During the same period in the previous year, the business earned $0.01 EPS. The company’s revenue was up 41.9% on a year-over-year basis. analysts expect that Materialise will post 0.11 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new stake in Materialise during the 4th quarter valued at $203,000. Driehaus Capital Management LLC boosted its holdings in Materialise by 14.5% in the fourth quarter. Driehaus Capital Management LLC now owns 335,694 shares of the software maker’s stock worth $4,267,000 after purchasing an additional 42,618 shares in the last quarter. ARK Investment Management LLC boosted its holdings in Materialise by 51.4% in the fourth quarter. ARK Investment Management LLC now owns 738,284 shares of the software maker’s stock worth $9,384,000 after purchasing an additional 250,608 shares in the last quarter. Virtu Financial LLC bought a new stake in Materialise in the fourth quarter worth $239,000. Finally, Royce & Associates LP boosted its holdings in Materialise by 5.5% in the fourth quarter. Royce & Associates LP now owns 478,577 shares of the software maker’s stock worth $6,083,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors own 11.22% of the company’s stock.

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About Materialise

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

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