FY2024 Earnings Estimate for Materialise NV Issued By Cantor Fitzgerald (NASDAQ:MTLS)

Materialise NV (NASDAQ:MTLS) – Equities researchers at Cantor Fitzgerald issued their FY2024 earnings per share (EPS) estimates for shares of Materialise in a note issued to investors on Wednesday, April 24th. Cantor Fitzgerald analyst T. Jensen expects that the software maker will earn $0.07 per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $9.50 target price on the stock.

Materialise (NASDAQ:MTLS) last announced its earnings results on Wednesday, February 21st. The software maker reported $0.07 earnings per share (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%.

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 Down 3.6 %

Shares of NASDAQ MTLS opened at $5.08 on Friday. The firm’s 50-day moving average is $5.23 and its 200-day moving average is $5.71. Materialise has a 1 year low of $4.82 and a 1 year high of $10.20. The firm has a market capitalization of $300.08 million, a PE ratio of 42.33 and a beta of 1.27. The company has a current ratio of 1.97, a quick ratio of 1.80 and a debt-to-equity ratio of 0.14.

Institutional Investors Weigh In On Materialise

A number of hedge funds have recently modified their holdings of MTLS. Rock Point Advisors LLC increased its stake 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 purchasing an additional 139,945 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Materialise by 45.0% during the third quarter. Acadian Asset Management LLC now owns 413,759 shares of the software maker’s stock worth $2,260,000 after acquiring an additional 128,350 shares in the last quarter. ARK Investment Management LLC increased its position in shares of Materialise by 6.5% during the fourth 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 raised its holdings in shares of Materialise by 150.0% during the fourth 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 during the period. Finally, GSA Capital Partners LLP lifted its position in Materialise by 48.6% in the 3rd quarter. GSA Capital Partners LLP now owns 233,037 shares of the software maker’s stock valued at $1,279,000 after acquiring an additional 76,180 shares in the last quarter. Institutional investors and hedge funds own 19.30% of the company’s stock.

Materialise Company Profile

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.