15 hedge funds buy Materialise NV (MTLS) for the first time

Materialise NV (NASDAQ:MTLS) has made a 74.64% comeback from a 12-month low price of $11.16. It was seen 2.74% higher, changing the price to $19.49, when the closing bell rang on 01/11/2019. At recent session, the prices were hovering between $18.52 and $20.14. This company shares are -9.29% up from its target price of $17.68 and the current market capitalization stands at $993.8M. The recent change has given its price a 20.38% lead over SMA 50 and -15.22% deficit over its 52-week high. The stock witnessed 37.84% gains, 70.96% gains and 49.92% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MTLS’s volatility during a week at 12.76% and during a month it has been found around 9.98%.

Materialise NV (MTLS) Top Holders

Institutional investors currently hold around $153 million or 19.8% in MTLS stock. Look at its top three institutional owners. Ark Investment Management Llc owns $49.37 million in Materialise NV, which represents roughly 4.97% of the company’s market cap and approximately 32.27% of the institutional ownership. Similar statistics are true for the second largest owner, Disciplined Growth Investors Inc /Mn, which owns 874,202 shares of the stock are valued at $17.04 million. The third largest holder is Primecap Management Co/Ca/, which currently holds $16.33 million worth of this stock and that ownership represents nearly 1.64% of its market capitalization.

Materialise NV 13F Filings

At the end of September reporting period, 27 institutional holders increased their position in Materialise NV (NASDAQ:MTLS) by some 3,586,996 shares, 7 decreased positions by 405,115 and 14 held positions by 3,847,739. That puts total institutional holdings at 7,839,850 shares, according to SEC filings. The stock grabbed 15 new institutional investments totaling 1,498,765 shares while 3 institutional investors sold out their entire positions totaling 360,440 shares.

Materialise NV (MTLS) Analyst Guide

Several analysts have released their opinion on Materialise NV (NASDAQ:MTLS), with 1 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.75 average brokerage recommendation.

Rexahn Pharmaceuticals, Inc. (NYSE:RNN) notched a 3.85% intraday gain moving at $1.08. When the opening bell rang, the price was $1.04. The number of shares that were traded during the day was 354975, which corresponds to its 5-day volume average of 591560 shares a day.

Rexahn Pharmaceuticals, Inc. (RNN) Analyst Opinion

Rexahn Pharmaceuticals, Inc. is currently rated as outperform by 3 stock analysts, with the company still having around 3.14% shares outstanding that can be sold short legally. The value of their shares went up by 1.89% last month. Over the course of a year, the stock has grown by 16.13%. Financial analysts are becoming more bullish than ever, with the 3 analysts who cover the activities of RNN advising investors to buy. Experts on Wall Street have set a price target of $10.13 for the stock. The decision was arrived after looking at their 837.96% gain from current levels. At the moment, Rexahn Pharmaceuticals, Inc. (RNN) trading price is around -60% below its 52-week high.

Rexahn Pharmaceuticals, Inc. (NYSE:RNN) Intraday View

The shares of Rexahn Pharmaceuticals, Inc. (NYSE:RNN) have struggled and recovered 27.06% ever since it recorded its 52 week low. During the course of 5 days, the stock price volatility has remained at 7.63%, increasing the time frame to a month, the volatility recorded was 7.67%. The price of their shares has been successful in staying above its 20 days moving average, staying at a distance of 9.22% and while its 50 moving average is around 0.9%. A look at previous five trading sessionRNN stock had returned 14.32% and sank -29.56% when compared to its 200-day moving average that is $1.39. Rexahn Pharmaceuticals, Inc. (RNN) will look to overcome its -49.3% fall that it witnessed in the past one year.