TheStreet upgraded shares of Materialise (NASDAQ:MTLS) from a c+ rating to a b- rating in a research report released on Thursday morning.

Other equities research analysts also recently issued reports about the stock. ValuEngine raised shares of Materialise from a hold rating to a buy rating in a research report on Friday, August 24th. BidaskClub raised shares of Materialise from a sell rating to a hold rating in a research report on Saturday, July 21st. Finally, Zacks Investment Research downgraded shares of Materialise from a hold rating to a strong sell rating in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $19.00.

Shares of NASDAQ:MTLS opened at $14.54 on Thursday. Materialise has a 52 week low of $11.23 and a 52 week high of $16.50. The company has a current ratio of 1.57, a quick ratio of 1.41 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $692.84 million, a price-to-earnings ratio of -363.50, a PEG ratio of 13.31 and a beta of 1.63.

Materialise (NASDAQ:MTLS) last announced its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Materialise had a net margin of 0.19% and a return on equity of 0.41%. The firm had revenue of $52.55 million during the quarter, compared to analysts’ expectations of $53.92 million. research analysts forecast that Materialise will post 0.05 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of MTLS. Millennium Management LLC purchased a new position in shares of Materialise in the 4th quarter valued at $203,000. Wells Fargo & Company MN grew its position in shares of Materialise by 5.4% in the 1st quarter. Wells Fargo & Company MN now owns 103,594 shares of the software maker’s stock valued at $1,211,000 after buying an additional 5,263 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Materialise in the 1st quarter valued at $215,000. KBC Group NV purchased a new position in shares of Materialise in the 1st quarter valued at $1,410,000. Finally, FCG Advisors LLC purchased a new position in shares of Materialise in the 1st quarter valued at $234,000. 9.84% of the stock is currently owned by hedge funds and other institutional investors.

Materialise Company Profile

Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

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