BidaskClub downgraded shares of Materialise (NASDAQ:MTLS) from a strong-buy rating to a buy rating in a research report released on Saturday morning, BidAskClub reports.

Several other analysts have also recently commented on MTLS. ValuEngine upgraded shares of Materialise from a buy rating to a strong-buy rating in a research note on Friday, June 28th. Zacks Investment Research downgraded shares of Materialise from a hold rating to a strong sell rating in a report on Friday, August 9th. Finally, TheStreet upgraded shares of Materialise from a c rating to a b rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $18.69.

Shares of NASDAQ:MTLS opened at $18.00 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. Materialise has a 52-week low of $11.16 and a 52-week high of $22.99. The stock has a market cap of $984.74 million, a price-to-earnings ratio of 257.14, a PEG ratio of 14.46 and a beta of 0.46. The business has a 50-day moving average price of $18.89 and a 200-day moving average price of $17.27.

Materialise (NASDAQ:MTLS) last issued its earnings results on Tuesday, August 6th. The software maker reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.05). Materialise had a net margin of 1.19% and a return on equity of 1.67%. The firm had revenue of $55.08 million during the quarter, compared to analysts’ expectations of $54.53 million. As a group, equities analysts anticipate that Materialise will post 0.06 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC acquired a new position in shares of Materialise in the 2nd quarter valued at about $38,000. DekaBank Deutsche Girozentrale purchased a new position in Materialise during the first quarter valued at approximately $107,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Materialise in the first quarter valued at approximately $173,000. Wells Fargo & Company MN lifted its holdings in Materialise by 40.9% in the second quarter. Wells Fargo & Company MN now owns 13,831 shares of the software maker’s stock valued at $270,000 after acquiring an additional 4,015 shares during the period. Finally, HighTower Advisors LLC boosted its position in Materialise by 25.2% in the 2nd quarter. HighTower Advisors LLC now owns 17,367 shares of the software maker’s stock worth $338,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 30.35% of the company’s stock.

About Materialise

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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