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.

COPYRIGHT VIOLATION WARNING: This report was first reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at

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.

Receive News & Ratings for Materialise NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise NV and related companies with's FREE daily email newsletter.

Leave a Reply