Materialise (NASDAQ:MTLS) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, February 4th.
A number of other equities analysts also recently commented on MTLS. BidaskClub upgraded Materialise from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research upgraded Materialise from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Friday, November 2nd. Finally, KBC Securities downgraded Materialise from a “buy” rating to a “hold” rating and set a $20.07 price objective on the stock. in a research report on Friday, December 28th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $18.54.
Shares of MTLS opened at $18.89 on Monday. The company has a current ratio of 2.42, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. Materialise has a 12 month low of $11.16 and a 12 month high of $22.99. The company has a market capitalization of $885.45 million, a price-to-earnings ratio of -472.25, a price-to-earnings-growth ratio of 3.40 and a beta of 0.09.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc purchased a new stake in Materialise during the 4th quarter worth about $12,413,000. Bellevue Group AG lifted its holdings in shares of Materialise by 2.1% in the 4th quarter. Bellevue Group AG now owns 215,192 shares of the software maker’s stock valued at $4,310,000 after purchasing an additional 4,461 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its holdings in shares of Materialise by 61.0% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 3,982 shares of the software maker’s stock valued at $80,000 after purchasing an additional 1,509 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Materialise by 9.0% in the 4th quarter. LPL Financial LLC now owns 12,050 shares of the software maker’s stock valued at $241,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of Materialise in the 4th quarter valued at about $408,000. 21.00% of the stock is owned by institutional investors.
Materialise Company Profile
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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