Matterport (NASDAQ:MTTR – Get Rating) will report earnings after market close on Wednesday, February 22nd. Analysts are expecting the company to report earnings per share of ($0.10) for the quarter. Investors interested in participating in the company’s conference call can do so through this link.
Price history of Matterport
NASDAQ MTTR opened at $3.60 on Tuesday. The company has a 50-day simple moving average of $3.08 and a 200-day simple moving average of $3.60. Matterport has a yearly low of $2.37 and a yearly high of $9.36. The stock has a market cap of $1.03 billion, a P/E of -4.19 and a beta of 1.58.
Wall Street analyst ponders
Several research companies have recently commented on MTTR. Morgan Stanley lowered its price target on Matterport to $3.00 from $4.50 and issued a research note on Monday, December 19, giving the company an equal weight rating. Piper Sandler lowered the price target on Matterport to $4.00 from $6.00 and gave the company an “Overweight” rating in a research note on Monday, January 9th. Finally, Deutsche Bank Aktiengesellschaft lowered Matterport from a “buy” rating to a “hold” rating in a research note on Monday, January 23 and lowered its price target on the stock to $3.00 from $5.00 . Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.80.
Insider buying and selling at Matterport
In other Matterport news, CRO Jay Remley sold 54,076 shares of the company’s stock in a transaction that took place on Friday, December 2nd. The stock sold at an average price of $3.08 for a total value of $166,554.08. Upon completion of the sale, the executive now owns 538,461 shares of the company, valued at $1,658,459.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission available at this hyperlink. In related news, CTO Japjit Tulsi sold 54,110 shares of Matterport in a transaction that took place on Friday, December 2nd. The stock sold at an average price of $3.08 for a total transaction of $166,658.80. Following the transaction, the Chief Technology Officer now owns 351,605 shares of the company, valued at $1,082,943.40. The sale was disclosed in a legal filing with the SEC, which can be accessed at this link. In addition, CRO Jay Remley sold 54,076 shares of Matterport in a transaction that took place on Friday, December 2nd. The shares were sold at an average price of $3.08 for a total value of $166,554.08. Following the transaction, the executive now directly owns 538,461 shares of the company, valued at approximately $1,658,459.88. The disclosure for this sale can be found here. During the most recent quarter, insiders sold 442,019 shares of the company’s shares, valued at $1,361,419. Company insiders own 24.20% of the company’s shares.
Matterport Institutional Trading
Hedge funds have recently bought and sold shares in the company. Samalin Investment Counsel LLC acquired a $37,000 new interest in Matterport during the first quarter. Lazard Asset Management LLC acquired a new $82,000 interest in Matterport during the first quarter. Vontobel Holding Ltd. purchased a new $84,000 stake in Matterport during the first quarter. KCM Investment Advisors LLC acquired a $91,000 new interest in Matterport during the first quarter. Finally, Verition Fund Management LLC acquired a $47,000 new interest in Matterport during the second quarter. 33.11% of the shares are currently held by institutional investors.
Matterport Company Profile (Get Rating)
Matterport, Inc, a geospatial company, is focused on digitizing and datafication of the built world. It offers Matterport digital twins, a 3D data platform for designing, building, operating, promoting and understanding spaces. The company offers Matterport Capture, an application that allows to capture depth, data and images of a space with 3D cameras, 360° cameras and iPhones; Matterport Workshop application to customize, add extra detail and free up space; Matterport Showcase application for viewing and exploring space in its final format; and Matterport VR to experience virtual reality.
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