Materialise (NASDAQ:MTLS) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Materialise (NASDAQ:MTLS) from a buy rating to a strong-buy rating in a report published on Thursday.

Separately, Cantor Fitzgerald started coverage on shares of Materialise in a research note on Wednesday, April 24th. They issued an overweight rating and a $9.50 target price on the stock.

Materialise Price Performance

Materialise stock opened at $5.01 on Thursday. The company has a market cap of $295.93 million, a price-to-earnings ratio of 41.75 and a beta of 1.23. The firm’s fifty day moving average is $5.15 and its 200 day moving average is $5.49. The company has a quick ratio of 1.75, a current ratio of 1.91 and a debt-to-equity ratio of 0.12. Materialise has a 52-week low of $4.70 and a 52-week high of $9.50.

Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Thursday, April 25th. The software maker reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $68.80 million for the quarter. Materialise had a net margin of 2.55% and a return on equity of 4.51%. Sell-side analysts forecast that Materialise will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rock Point Advisors LLC grew its holdings in Materialise by 36.8% during the 4th quarter. Rock Point Advisors LLC now owns 519,965 shares of the software maker’s stock worth $3,414,000 after acquiring an additional 139,945 shares in the last quarter. ARK Investment Management LLC grew its holdings in Materialise by 6.5% during the 4th quarter. ARK Investment Management LLC now owns 1,860,122 shares of the software maker’s stock worth $12,212,000 after acquiring an additional 113,406 shares in the last quarter. King Luther Capital Management Corp grew its holdings in Materialise by 150.0% during the 4th quarter. King Luther Capital Management Corp now owns 180,000 shares of the software maker’s stock worth $1,182,000 after acquiring an additional 108,000 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Materialise by 48.6% during the 3rd quarter. GSA Capital Partners LLP now owns 233,037 shares of the software maker’s stock worth $1,279,000 after acquiring an additional 76,180 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Materialise by 6.9% during the 1st quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker’s stock worth $2,808,000 after acquiring an additional 34,543 shares in the last quarter. 19.30% of the stock is currently owned by institutional investors.

About Materialise

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.