Materialise (NASDAQ:MTLS) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Equities research analysts at Cantor Fitzgerald initiated coverage on shares of Materialise (NASDAQ:MTLS - Get Free Report) in a report issued on Wednesday, MarketBeat.com reports. The firm set an "overweight" rating and a $9.50 price target on the software maker's stock. Cantor Fitzgerald's target price indicates a potential upside of 80.27% from the company's previous close.

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

Materialise Stock Up 1.9 %

Shares of NASDAQ MTLS traded up $0.10 on Wednesday, reaching $5.27. 67,476 shares of the company's stock traded hands, compared to its average volume of 85,941. Materialise has a 12 month low of $4.82 and a 12 month high of $10.20. The business's 50 day simple moving average is $5.26 and its two-hundred day simple moving average is $5.72. The company has a market cap of $311.28 million, a price-to-earnings ratio of 44.08 and a beta of 1.27. The company has a quick ratio of 1.80, a current ratio of 1.97 and a debt-to-equity ratio of 0.14.

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

Institutional Investors Weigh In On Materialise

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its holdings in 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 purchasing an additional 3,167 shares during the last quarter. Signaturefd LLC boosted its holdings in 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 purchasing an additional 4,621 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in 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 purchasing an additional 12,879 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in 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 purchasing an additional 14,663 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. boosted its holdings in 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 purchasing an additional 1,837 shares during the last quarter. Hedge funds and other institutional investors 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.