Materialise (NASDAQ:MTLS) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Materialise (NASDAQ:MTLS) from a buy rating to a strong-buy rating in a report published on Saturday.

Separately, Cantor Fitzgerald set a $10.00 price target on Materialise and gave the stock an “overweight” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.00.

Materialise Stock Up 2.6%

Shares of NASDAQ:MTLS opened at $5.63 on Friday. The stock’s 50-day moving average price is $5.17 and its two-hundred day moving average price is $5.57. The company has a current ratio of 2.43, a quick ratio of 2.27 and a debt-to-equity ratio of 0.19. Materialise has a 12-month low of $4.78 and a 12-month high of $6.80. The firm has a market cap of $332.56 million, a price-to-earnings ratio of 37.54 and a beta of 1.28.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Saturday, February 14th. The software maker reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Materialise had a return on equity of 3.23% and a net margin of 2.96%.The firm had revenue of $82.32 million for the quarter, compared to analyst estimates of $70.73 million. On average, research analysts forecast that Materialise will post 0.11 EPS for the current year.

Hedge Funds Weigh In On Materialise

Hedge funds and other institutional investors have recently modified their holdings of the company. Roubaix Capital LLC acquired a new position in shares of Materialise in the 3rd quarter valued at about $2,356,000. GSA Capital Partners LLP lifted its stake in shares of Materialise by 98.5% in the 3rd quarter. GSA Capital Partners LLP now owns 49,408 shares of the software maker’s stock valued at $275,000 after purchasing an additional 24,518 shares in the last quarter. King Luther Capital Management Corp boosted its position in shares of Materialise by 12.9% in the third quarter. King Luther Capital Management Corp now owns 655,000 shares of the software maker’s stock worth $3,648,000 after buying an additional 75,000 shares during the period. Candriam S.C.A. boosted its position in shares of Materialise by 218.6% in the third quarter. Candriam S.C.A. now owns 31,857 shares of the software maker’s stock worth $177,000 after buying an additional 21,857 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Materialise in the fourth quarter worth about $56,000. 19.30% of the stock is owned by institutional investors and hedge funds.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.