Materialise NV (NASDAQ:MTLS) Upgraded to C by TheStreet

TheStreet upgraded shares of Materialise NV (NASDAQ:MTLS) from a d+ rating to a c rating in a research note published on Monday, June 26th.

Separately, Zacks Investment Research upgraded Materialise NV from a sell rating to a hold rating in a research report on Thursday, April 27th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $10.13.

Materialise NV (NASDAQ MTLS) opened at 13.55 on Monday. Materialise NV has a 52-week low of $6.07 and a 52-week high of $14.24.

Materialise NV (NASDAQ:MTLS) last released its quarterly earnings data on Tuesday, May 9th. The software maker reported ($0.02) earnings per share for the quarter. The business had revenue of $31.92 million during the quarter, compared to analyst estimates of $30.25 million. Materialise NV had a negative net margin of 0.59% and a negative return on equity of 0.88%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business earned ($0.07) earnings per share.

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Hedge funds have recently modified their holdings of the stock. Tiedemann Wealth Management LLC bought a new stake in Materialise NV during the first quarter worth about $178,000. Driehaus Capital Management LLC bought a new stake in Materialise NV during the first quarter worth about $527,000. Renaissance Technologies LLC raised its stake in Materialise NV by 38.8% in the fourth quarter. Renaissance Technologies LLC now owns 72,300 shares of the software maker’s stock worth $555,000 after buying an additional 20,200 shares during the last quarter. Blair William & Co. IL acquired a new position in Materialise NV during the first quarter valued at approximately $599,000. Finally, UBS Group AG boosted its position in Materialise NV by 11,860.8% in the first quarter. UBS Group AG now owns 78,702 shares of the software maker’s stock valued at $716,000 after buying an additional 78,044 shares during the last quarter. Hedge funds and other institutional investors own 7.83% of the company’s stock.

Materialise NV Company Profile

Materialise NV is a Belgium-based company engaged in the field of additive manufacturing, known as three dimensional (3D) printing. The Company specializes in 3D printing software and services for various industries, such as: healthcare, automotive, aerospace, art & design, as well as consumer goods.

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