Materialise (NASDAQ:MTLS) Stock Picked Up by Analysts at DA Davidson

Equities research analysts at DA Davidson assumed coverage on shares of Materialise (NASDAQ:MTLS) in a note issued to investors on Tuesday, FinViz reports. The firm set a “buy” rating on the software maker’s stock.

Other equities analysts also recently issued research reports about the company. Wall Street Zen downgraded Materialise from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Materialise in a research note on Thursday, August 27th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Materialise presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Materialise Stock Down 2.2%

Materialise stock opened at $8.56 on Tuesday. Materialise has a 1-year low of $4.78 and a 1-year high of $8.82. The firm has a market capitalization of $505.64 million, a price-to-earnings ratio of 31.70 and a beta of 1.36. The firm’s fifty day moving average price is $7.16 and its two-hundred day moving average price is $6.38. The company has a current ratio of 2.41, a quick ratio of 2.22 and a debt-to-equity ratio of 0.18.

Materialise (NASDAQ:MTLS) last posted its earnings results on Friday, August 14th. The software maker reported $0.07 EPS for the quarter. Materialise had a net margin of 4.85% and a return on equity of 5.20%. The company had revenue of $78.90 million during the quarter. On average, equities research analysts predict that Materialise will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTLS. Engineers Gate Manager LP grew its position in Materialise by 175.0% in the 2nd quarter. Engineers Gate Manager LP now owns 34,723 shares of the software maker’s stock worth $258,000 after purchasing an additional 22,098 shares in the last quarter. NewEdge Advisors LLC increased its stake in Materialise by 1,606.7% in the 2nd quarter. NewEdge Advisors LLC now owns 26,300 shares of the software maker’s stock valued at $195,000 after buying an additional 24,759 shares during the last quarter. Optiver Holding B.V. lifted its position in shares of 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 buying an additional 26,315 shares in the last quarter. AXQ Capital LP bought a new position in shares of Materialise during the 2nd quarter worth approximately $118,000. Finally, QRG Capital Management Inc. purchased a new position in shares of Materialise in the 2nd quarter worth approximately $81,000. 19.30% of the stock is currently owned by hedge funds and other institutional investors.

About Materialise

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.