Materialise (NASDAQ:MTLS) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Materialise (NASDAQ:MTLS) in a report published on Wednesday, Marketbeat reports. The firm issued an overweight rating and a $9.50 price target on the software maker’s stock. Cantor Fitzgerald also issued estimates for Materialise’s FY2024 earnings at $0.07 EPS.

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

Materialise Stock Performance

Shares of NASDAQ MTLS opened at $5.24 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.80 and a current ratio of 1.97. The company has a market cap of $309.53 million, a P/E ratio of 43.67 and a beta of 1.27. The firm’s fifty day moving average is $5.22 and its two-hundred day moving average is $5.71. Materialise has a 52-week low of $4.82 and a 52-week high of $10.20.

Materialise (NASDAQ:MTLS) last announced its quarterly 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 2.55% and a return on equity of 4.53%. As a group, analysts anticipate that Materialise will post 0.07 EPS for the current fiscal year.

Institutional Trading of Materialise

A number of large investors have recently made changes to their positions in MTLS. Rock Point Advisors LLC increased its holdings in shares of Materialise by 17.4% in the 3rd quarter. Rock Point Advisors LLC now owns 380,020 shares of the software maker’s stock worth $2,086,000 after buying an additional 56,220 shares during the last quarter. Quintet Private Bank Europe S.A. increased its holdings in shares of Materialise by 5.2% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 37,135 shares of the software maker’s stock worth $204,000 after buying an additional 1,837 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Materialise by 45.0% during the 3rd quarter. Acadian Asset Management LLC now owns 413,759 shares of the software maker’s stock worth $2,260,000 after purchasing an additional 128,350 shares during the period. GSA Capital Partners LLP boosted its stake in shares of 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 purchasing an additional 76,180 shares during the period. Finally, ARK Investment Management LLC boosted its stake in shares of 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 purchasing an additional 113,406 shares during the period. 19.30% of the stock is currently owned by institutional investors.

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.