Materialise (NASDAQ:MTLS) Coverage Initiated by Analysts at DA Davidson

DA Davidson started coverage on shares of Materialise (NASDAQ:MTLS) in a research note released on Tuesday morning,FinViz reports. The firm issued a buy rating on the software maker’s stock.

Several other brokerages also recently commented on MTLS. Weiss Ratings restated a “hold (c-)” rating on shares of Materialise in a research note on Thursday, August 27th. Wall Street Zen downgraded Materialise from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Materialise Trading Up 2.0%

Shares of MTLS stock opened at $8.75 on Tuesday. The stock’s fifty day simple moving average is $7.12 and its 200 day simple moving average is $6.36. The company has a quick ratio of 2.22, a current ratio of 2.41 and a debt-to-equity ratio of 0.18. Materialise has a twelve month low of $4.78 and a twelve month high of $8.82. The firm has a market capitalization of $516.86 million, a P/E ratio of 32.41 and a beta of 1.36.

Materialise (NASDAQ:MTLS) last announced its earnings results on Friday, August 14th. The software maker reported $0.07 EPS for the quarter. Materialise had a return on equity of 5.20% and a net margin of 4.85%.The business had revenue of $78.90 million for the quarter. As a group, sell-side analysts predict that Materialise will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. grew its position in Materialise by 218.1% during the 1st quarter. Optiver Holding B.V. now owns 38,383 shares of the software maker’s stock worth $190,000 after acquiring an additional 26,315 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Materialise by 1,606.7% in the second quarter. NewEdge Advisors LLC now owns 26,300 shares of the software maker’s stock worth $195,000 after buying an additional 24,759 shares during the period. Engineers Gate Manager LP increased its stake in shares of Materialise by 175.0% in the second quarter. Engineers Gate Manager LP now owns 34,723 shares of the software maker’s stock worth $258,000 after buying an additional 22,098 shares during the period. AXQ Capital LP bought a new stake in Materialise during the 2nd quarter valued at $118,000. Finally, Granite Investment Partners LLC bought a new stake in Materialise during the 1st quarter valued at $58,000. Institutional investors own 19.30% of the company’s stock.

Materialise Company Profile

Materialise NV is a Belgium-based company that develops software and provides services for additive manufacturing, commonly known as 3D printing. Its solutions help organizations design, prepare, manage and produce three-dimensional parts and products across a range of industrial and healthcare applications.

The company’s offerings include additive manufacturing software, engineering and manufacturing services, and medical solutions. Its medical business provides software and services used to create patient-specific anatomical models, surgical guides, implants and other applications that support planning and treatment.