Cantor Fitzgerald Begins Coverage on Materialise (NASDAQ:MTLS)

Investment analysts at Cantor Fitzgerald assumed coverage on shares of Materialise (NASDAQ:MTLS) in a report released on Wednesday, Briefing.com reports. The brokerage set an “overweight” rating and a $9.50 price target on the software maker’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 83.75% from the stock’s previous close.

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

Materialise Price Performance

Shares of NASDAQ MTLS opened at $5.17 on Wednesday. The firm has a 50-day simple moving average of $5.27 and a 200-day simple moving average of $5.72. The stock has a market capitalization of $305.39 million, a price-to-earnings ratio of 43.08 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 has a 52 week low of $4.82 and a 52 week high of $10.20.

Materialise (NASDAQ:MTLS) last issued its earnings results on Wednesday, February 21st. The software maker reported $0.07 EPS 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

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

About Materialise

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.