Materialise NV (NASDAQ:MTLS) PT Raised to $14.00

Materialise NV (NASDAQ:MTLS) had its price target increased by Credit Suisse Group from $13.00 to $14.00 in a research report sent to investors on Friday morning. Credit Suisse Group currently has an outperform rating on the software maker’s stock.

Several other research analysts have also recently commented on the stock. Piper Jaffray Companies increased their target price on shares of Materialise NV to $18.50 and gave the stock an overweight rating in a report on Monday, July 31st. BidaskClub upgraded shares of Materialise NV from a hold rating to a buy rating in a report on Wednesday, July 12th. TheStreet upgraded shares of Materialise NV from a d+ rating to a c rating in a report on Monday, June 26th. Finally, Zacks Investment Research upgraded shares of Materialise NV from a sell rating to a hold rating in a report on Thursday, April 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $13.13.

Shares of Materialise NV (MTLS) traded up 3.03% during midday trading on Friday, hitting $13.25. 16,885 shares of the company’s stock were exchanged. Materialise NV has a 52 week low of $6.07 and a 52 week high of $15.74.

Materialise NV (NASDAQ:MTLS) last announced its earnings results on Tuesday, August 8th. The software maker reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. Materialise NV had a negative return on equity of 1.59% and a negative net margin of 0.99%. The business had revenue of $33.61 million for the quarter, compared to analyst estimates of $31.90 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year.

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Hedge funds have recently made changes to their positions in the stock. ARK Investment Management LLC boosted its stake in shares of Materialise NV by 62.3% in the second quarter. ARK Investment Management LLC now owns 269,748 shares of the software maker’s stock worth $3,202,000 after buying an additional 103,542 shares in the last quarter. LA Financiere DE L Echiquier purchased a new stake in shares of Materialise NV during the second quarter worth approximately $3,724,000. FCG Advisors LLC purchased a new stake in shares of Materialise NV during the second quarter worth approximately $237,000. Private Advisor Group LLC boosted its stake in shares of Materialise NV by 5.5% in the second quarter. Private Advisor Group LLC now owns 18,702 shares of the software maker’s stock worth $237,000 after buying an additional 980 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Materialise NV by 3.3% in the second quarter. Royce & Associates LP now owns 453,577 shares of the software maker’s stock worth $5,384,000 after buying an additional 14,577 shares in the last quarter. Hedge funds and other institutional investors own 8.51% of the company’s stock.

Materialise NV Company Profile

Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.

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