Materialise (NASDAQ:MTLS) Receives New Coverage from Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Materialise (NASDAQ:MTLS) in a research note published on Wednesday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $9.50 target price on the software maker’s stock. Cantor Fitzgerald also issued estimates for Materialise’s FY2024 earnings at $0.07 EPS.

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

Materialise Stock Performance

Shares of Materialise stock opened at $5.24 on Wednesday. The firm has a market capitalization of $309.53 million, a P/E ratio of 43.67 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. The company has a 50 day moving average price of $5.23 and a 200 day moving average price of $5.71. Materialise has a 52 week low of $4.82 and a 52 week high of $10.20.

Materialise (NASDAQ:MTLS) last announced its quarterly earnings data on Wednesday, February 21st. The software maker reported $0.07 EPS for the quarter. Materialise had a net margin of 2.55% and a return on equity of 4.53%. The firm had revenue of $72.15 million during the quarter. Sell-side analysts expect that Materialise will post 0.07 EPS for the current year.

Hedge Funds Weigh In On Materialise

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in shares of Materialise by 290.3% during the 4th quarter. Parallel Advisors LLC now owns 4,258 shares of the software maker’s stock valued at $28,000 after purchasing an additional 3,167 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Materialise by 218.1% during the 4th quarter. Signaturefd LLC now owns 6,740 shares of the software maker’s stock valued at $44,000 after purchasing an additional 4,621 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Materialise by 308.0% during the 4th quarter. Quadrant Capital Group LLC now owns 17,060 shares of the software maker’s stock valued at $112,000 after purchasing an additional 12,879 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Materialise by 233.5% during the 4th quarter. New York State Common Retirement Fund now owns 20,944 shares of the software maker’s stock valued at $137,000 after purchasing an additional 14,663 shares in the last quarter. Finally, Quintet Private Bank Europe S.A. increased its holdings in shares of Materialise by 5.2% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 37,135 shares of the software maker’s stock valued at $204,000 after purchasing an additional 1,837 shares in the last quarter. 19.30% of the stock is owned by hedge funds and other institutional investors.

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.