Kepler Capital Markets downgraded shares of Materialise (NASDAQ:MTLS) to a sell rating in a research report report published on Thursday, TipRanks reports. They currently have $15.00 price target on the software maker’s stock.
A number of other brokerages have also recently weighed in on MTLS. Piper Sandler dropped their price objective on shares of Materialise from $15.50 to $14.50 and set a neutral rating for the company in a report on Thursday, April 30th. ValuEngine cut shares of Materialise from a buy rating to a hold rating in a report on Friday, May 1st. BidaskClub upgraded shares of Materialise from a hold rating to a buy rating in a report on Wednesday, July 22nd. Finally, Zacks Investment Research cut shares of Materialise from a hold rating to a sell rating in a report on Saturday, July 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Materialise presently has a consensus rating of Hold and a consensus price target of $14.75.
Shares of NASDAQ MTLS traded down $1.43 during midday trading on Thursday, hitting $22.41. The company’s stock had a trading volume of 148,831 shares, compared to its average volume of 117,442. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.16 and a quick ratio of 2.02. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -448.20 and a beta of 0.38. The business’s fifty day simple moving average is $24.57 and its two-hundred day simple moving average is $20.51. Materialise has a 1 year low of $10.65 and a 1 year high of $28.99.
Materialise (NASDAQ:MTLS) last announced its quarterly earnings data on Thursday, July 30th. The software maker reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The firm had revenue of $42.68 million during the quarter, compared to analysts’ expectations of $45.02 million. Materialise had a negative net margin of 1.32% and a negative return on equity of 1.75%. Analysts anticipate that Materialise will post -0.17 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nikko Asset Management Americas Inc. boosted its holdings in shares of Materialise by 6.4% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 2,838,938 shares of the software maker’s stock valued at $52,719,000 after buying an additional 171,887 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Materialise by 6.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,838,512 shares of the software maker’s stock valued at $52,711,000 after buying an additional 171,461 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Materialise by 0.3% in the 1st quarter. Legal & General Group Plc now owns 518,387 shares of the software maker’s stock valued at $9,486,000 after buying an additional 1,752 shares in the last quarter. State Street Corp boosted its holdings in shares of Materialise by 31.5% in the 1st quarter. State Street Corp now owns 113,576 shares of the software maker’s stock valued at $2,109,000 after buying an additional 27,214 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Materialise by 37.8% in the 4th quarter. Raymond James & Associates now owns 24,338 shares of the software maker’s stock valued at $446,000 after buying an additional 6,677 shares in the last quarter. Institutional investors own 31.45% of the company’s stock.
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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