Materialise (NASDAQ:MTLS) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Materialise (NASDAQ:MTLS) from a strong-buy rating to a buy rating in a report issued on Sunday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Materialise in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.00.

Materialise Stock Performance

NASDAQ MTLS opened at $7.06 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.41 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $417.01 million, a P/E ratio of 26.15 and a beta of 1.34. Materialise has a 12-month low of $4.78 and a 12-month high of $7.50. The firm has a 50-day moving average price of $6.78 and a two-hundred day moving average price of $6.02.

Materialise (NASDAQ:MTLS) last announced its earnings results on Friday, August 14th. The software maker reported $0.07 earnings per share (EPS) for the quarter. Materialise had a net margin of 4.85% and a return on equity of 5.20%. The firm had revenue of $78.90 million for the quarter. Analysts anticipate that Materialise will post 0.16 earnings per share for the current year.

Institutional Trading of Materialise

Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in Materialise by 116.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,726 shares of the software maker’s stock valued at $26,000 after acquiring an additional 2,546 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its stake in Materialise by 209.4% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 13,092 shares of the software maker’s stock worth $73,000 after purchasing an additional 8,861 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Materialise during the fourth quarter worth $56,000. Osaic Holdings Inc. boosted its holdings in shares of Materialise by 1,453.3% in the 2nd quarter. Osaic Holdings Inc. now owns 11,650 shares of the software maker’s stock valued at $66,000 after purchasing an additional 10,900 shares in the last quarter. Finally, Granite Investment Partners LLC acquired a new stake in shares of Materialise in the 1st quarter valued at $58,000. Institutional investors and hedge funds own 19.30% of the company’s stock.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.