Materialise (NASDAQ:MTLS) Downgraded to Sell at Kepler Capital Markets

Kepler Capital Markets lowered shares of Materialise (NASDAQ:MTLS) to a sell rating in a report released on Thursday morning, TipRanks reports. The firm currently has $15.00 price objective on the software maker’s stock.

A number of other analysts have also recently weighed in on the company. BidaskClub upgraded Materialise from a hold rating to a buy rating in a research report on Wednesday, July 22nd. Zacks Investment Research downgraded Materialise from a hold rating to a sell rating in a research note on Saturday, July 25th. ValuEngine downgraded Materialise from a buy rating to a hold rating in a research note on Friday, May 1st. Finally, Piper Sandler lowered their price objective on Materialise from $15.50 to $14.50 and set a neutral rating for the company in a research note on Thursday, April 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $14.75.

NASDAQ MTLS traded down $1.43 during trading hours on Thursday, hitting $22.41. The company had a trading volume of 148,831 shares, compared to its average volume of 117,442. Materialise has a fifty-two week low of $10.65 and a fifty-two week high of $28.99. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -448.20 and a beta of 0.38. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.16 and a quick ratio of 2.02. The firm’s 50 day moving average is $24.57 and its 200 day moving average is $20.51.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Thursday, July 30th. The software maker reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. Materialise had a negative net margin of 1.32% and a negative return on equity of 1.75%. The business had revenue of $42.68 million for the quarter, compared to analysts’ expectations of $45.02 million. On average, equities analysts anticipate that Materialise will post -0.17 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Materialise in the second quarter worth $219,000. Exchange Traded Concepts LLC grew its stake in shares of Materialise by 29.6% in the second quarter. Exchange Traded Concepts LLC now owns 9,542 shares of the software maker’s stock worth $215,000 after purchasing an additional 2,180 shares in the last quarter. State Street Corp grew its stake in shares of Materialise by 31.5% in the first quarter. State Street Corp now owns 113,576 shares of the software maker’s stock worth $2,109,000 after purchasing an additional 27,214 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Materialise by 0.3% in the first quarter. Legal & General Group Plc now owns 518,387 shares of the software maker’s stock worth $9,486,000 after purchasing an additional 1,752 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Materialise by 9.6% in the first quarter. Parametric Portfolio Associates LLC now owns 21,682 shares of the software maker’s stock worth $403,000 after purchasing an additional 1,903 shares in the last quarter. 31.45% of the stock is owned by 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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