Investors Purchase Large Volume of Put Options on Materialise (NASDAQ:MTLS)

Materialise NV (NASDAQ:MTLS) was the target of some unusual options trading on Thursday. Stock investors purchased 1,800 put options on the stock. This represents an increase of 2,018% compared to the typical volume of 85 put options.

Several large investors have recently made changes to their positions in the company. Vident Investment Advisory LLC increased its holdings in shares of Materialise by 109.5% during the first quarter. Vident Investment Advisory LLC now owns 759,003 shares of the software maker’s stock worth $27,286,000 after buying an additional 396,770 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Materialise in the first quarter valued at $6,420,000. Millennium Management LLC increased its holdings in Materialise by 708.6% in the first quarter. Millennium Management LLC now owns 170,619 shares of the software maker’s stock valued at $6,134,000 after purchasing an additional 149,519 shares during the period. KBC Group NV increased its holdings in Materialise by 7.1% in the first quarter. KBC Group NV now owns 144,445 shares of the software maker’s stock valued at $5,193,000 after purchasing an additional 9,570 shares during the period. Finally, Morgan Stanley increased its holdings in Materialise by 2,542.2% in the first quarter. Morgan Stanley now owns 123,838 shares of the software maker’s stock valued at $4,452,000 after purchasing an additional 119,151 shares during the period. Institutional investors own 37.60% of the company’s stock.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Materialise from a “sell” rating to a “hold” rating in a research report on Wednesday. Bryan, Garnier & Co upgraded shares of Materialise from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, March 10th. Finally, TheStreet downgraded shares of Materialise from a “c” rating to a “d+” rating in a research report on Thursday, February 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Materialise has a consensus rating of “Hold” and an average price target of $31.50.

Shares of NASDAQ:MTLS opened at $22.89 on Friday. The business’s fifty day moving average is $29.30. The firm has a market capitalization of $1.20 billion, a P/E ratio of -127.16 and a beta of 0.56. The company has a quick ratio of 1.70, a current ratio of 1.82 and a debt-to-equity ratio of 0.65. Materialise has a 52-week low of $20.76 and a 52-week high of $87.40.

Materialise (NASDAQ:MTLS) last announced its quarterly earnings results on Thursday, April 29th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $53.41 million for the quarter, compared to analyst estimates of $51.11 million. Materialise had a negative return on equity of 3.07% and a negative net margin of 4.70%. Sell-side analysts expect that Materialise will post -0.22 earnings per share for the current fiscal year.

Materialise Company Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in Europe, the Americas, Europe and Africa, and the Asia-Pacific. The company's Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

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