Cantor Fitzgerald Comments on Materialise NV's FY2024 Earnings (NASDAQ:MTLS)

Materialise NV (NASDAQ:MTLS - Free Report) - Equities researchers at Cantor Fitzgerald issued their FY2024 earnings per share (EPS) estimates for shares of Materialise in a research report issued on Wednesday, April 24th. Cantor Fitzgerald analyst T. Jensen expects that the software maker will post earnings of $0.07 per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $9.50 price target on the stock.

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

Materialise Trading Up 3.1 %

MTLS stock traded up $0.16 during midday trading on Friday, hitting $5.24. The company had a trading volume of 60,528 shares, compared to its average volume of 85,679. The company has a current ratio of 1.97, a quick ratio of 1.80 and a debt-to-equity ratio of 0.14. Materialise has a 52 week low of $4.82 and a 52 week high of $10.20. The stock's 50 day moving average price is $5.23 and its 200 day moving average price is $5.71. The stock has a market cap of $309.53 million, a price-to-earnings ratio of 43.67 and a beta of 1.27.

Materialise (NASDAQ:MTLS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $0.07 earnings per share for the quarter. Materialise had a return on equity of 4.62% and a net margin of 2.59%. The firm had revenue of $72.15 million during the quarter.

Institutional Investors Weigh In On Materialise

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTLS. Parallel Advisors LLC grew its stake in shares of Materialise by 290.3% in 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 during the last quarter. Signaturefd LLC grew its stake in shares of Materialise by 218.1% in 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 during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Materialise by 308.0% in 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 during the last quarter. New York State Common Retirement Fund grew its stake in shares of Materialise by 233.5% in 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 during the last quarter. Finally, Quintet Private Bank Europe S.A. grew its stake in shares of Materialise by 5.2% in 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 during the last quarter. 19.30% of the stock is owned by hedge funds and other 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.