Materialise (NASDAQ:MTLS) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Materialise (NASDAQ:MTLS) in a research note published on Wednesday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $9.50 price objective on the software maker’s stock.

Separately, StockNews.com downgraded shares of Materialise from a strong-buy rating to a buy rating in a research note on Thursday, February 22nd.

Materialise Stock Performance

NASDAQ MTLS opened at $5.27 on Wednesday. The firm’s fifty day moving average price is $5.26 and its two-hundred day moving average price is $5.72. The stock has a market cap of $311.30 million, a PE ratio of 43.92 and a beta of 1.27. Materialise has a fifty-two week low of $4.82 and a fifty-two week high of $10.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.80 and a current ratio of 1.97.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Wednesday, February 21st. The software maker reported $0.07 EPS for the quarter. The company had revenue of $72.15 million for the quarter. Materialise had a net margin of 2.59% and a return on equity of 4.62%.

Institutional Investors Weigh In On Materialise

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its position in shares of Materialise by 290.3% during the fourth quarter. Parallel Advisors LLC now owns 4,258 shares of the software maker’s stock worth $28,000 after acquiring an additional 3,167 shares in the last quarter. Signaturefd LLC increased its position in shares of Materialise by 218.1% during the fourth quarter. Signaturefd LLC now owns 6,740 shares of the software maker’s stock worth $44,000 after acquiring an additional 4,621 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Materialise by 308.0% during the fourth quarter. Quadrant Capital Group LLC now owns 17,060 shares of the software maker’s stock worth $112,000 after acquiring an additional 12,879 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Materialise by 233.5% during the fourth quarter. New York State Common Retirement Fund now owns 20,944 shares of the software maker’s stock worth $137,000 after acquiring an additional 14,663 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. increased its position in shares of Materialise by 5.2% during the third quarter. Quintet Private Bank Europe S.A. now owns 37,135 shares of the software maker’s stock worth $204,000 after acquiring an additional 1,837 shares in the last quarter. 19.30% of the stock is 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.