Materialise (NASDAQ:MTLS) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen cut shares of Materialise (NASDAQ:MTLS) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Separately, Cantor Fitzgerald set a $10.00 price target on shares of Materialise and gave the stock an “overweight” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.00.

Materialise Stock Performance

NASDAQ MTLS opened at $5.68 on Friday. The company’s 50 day moving average is $5.23 and its 200-day moving average is $5.54. The firm has a market cap of $335.52 million, a P/E ratio of 28.40 and a beta of 1.28. Materialise has a 12-month low of $4.78 and a 12-month high of $6.80. The company has a quick ratio of 2.24, a current ratio of 2.42 and a debt-to-equity ratio of 0.18.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings data on Tuesday, March 31st. The software maker reported $0.03 EPS for the quarter. The company had revenue of $76.72 million during the quarter. Materialise had a net margin of 3.77% and a return on equity of 4.05%. Sell-side analysts predict that Materialise will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Materialise

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Roubaix Capital LLC bought a new position in Materialise in the 3rd quarter worth $2,356,000. Credit Agricole S A purchased a new stake in shares of Materialise in the 3rd quarter worth about $2,166,000. Archon Capital Management LLC grew its position in shares of Materialise by 50.6% in the 4th quarter. Archon Capital Management LLC now owns 654,623 shares of the software maker’s stock worth $3,633,000 after buying an additional 219,995 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Materialise in the 4th quarter worth about $555,000. Finally, King Luther Capital Management Corp grew its position in shares of Materialise by 12.9% in the 3rd quarter. King Luther Capital Management Corp now owns 655,000 shares of the software maker’s stock worth $3,648,000 after buying an additional 75,000 shares during the period. 19.30% of the stock is currently owned by institutional investors.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.