Materialise (NASDAQ:MTLS) Lifted to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Materialise (NASDAQ:MTLS) from a buy rating to a strong-buy rating in a research note issued to investors on Monday.

Separately, Cantor Fitzgerald started coverage on Materialise in a research report on Wednesday, April 24th. They set an overweight rating and a $9.50 target price for the company.

Materialise Stock Down 1.5 %

MTLS stock opened at $5.14 on Monday. The firm has a market capitalization of $303.62 million, a PE ratio of 42.84 and a beta of 1.25. The business’s 50 day simple moving average is $5.17 and its 200 day simple moving average is $5.72. Materialise has a 1-year low of $4.82 and a 1-year high of $10.20. The company has a current ratio of 1.91, a quick ratio of 1.75 and a debt-to-equity ratio of 0.12.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings data on Thursday, April 25th. The software maker reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $68.80 million during the quarter. Materialise had a return on equity of 4.51% and a net margin of 2.55%. As a group, research analysts anticipate that Materialise will post 0.16 EPS for the current year.

Institutional Investors Weigh In On Materialise

A number of hedge funds and other institutional investors have recently bought and sold shares of MTLS. Acadian Asset Management LLC increased its stake in shares of Materialise by 45.0% in the third quarter. Acadian Asset Management LLC now owns 413,759 shares of the software maker’s stock valued at $2,260,000 after buying an additional 128,350 shares during the period. Rock Point Advisors LLC grew its holdings in Materialise by 36.8% during the 4th quarter. Rock Point Advisors LLC now owns 519,965 shares of the software maker’s stock worth $3,414,000 after acquiring an additional 139,945 shares during the period. Signaturefd LLC increased its holdings in Materialise by 218.1% in the fourth quarter. Signaturefd LLC now owns 6,740 shares of the software maker’s stock worth $44,000 after purchasing an additional 4,621 shares in the last quarter. ARK Investment Management LLC increased its stake in shares of Materialise by 6.5% in the 4th quarter. ARK Investment Management LLC now owns 1,860,122 shares of the software maker’s stock valued at $12,212,000 after acquiring an additional 113,406 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Materialise by 233.5% during the fourth quarter. New York State Common Retirement Fund now owns 20,944 shares of the software maker’s stock valued at $137,000 after purchasing an additional 14,663 shares during the period. Institutional investors own 19.30% of the company’s stock.

Materialise Company Profile

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