Matterport, Inc. (NASDAQ:MTTR - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $4.99 and last traded at $4.72, with a volume of 33519075 shares. The stock had previously closed at $1.74.
Wall Street Analyst Weigh In
MTTR has been the topic of several recent research reports. Piper Sandler lifted their price target on shares of Matterport from $3.00 to $5.50 and gave the stock a "neutral" rating in a research report on Monday. Northland Securities assumed coverage on shares of Matterport in a research report on Thursday, April 11th. They set an "outperform" rating and a $3.50 price objective on the stock. BTIG Research assumed coverage on shares of Matterport in a research report on Friday, January 19th. They set a "neutral" rating on the stock. Finally, Wedbush lowered their price objective on shares of Matterport from $5.00 to $4.00 and set a "neutral" rating on the stock in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $3.90.
Check Out Our Latest Report on MTTR
Matterport Trading Up 175.9 %
The firm's fifty day moving average price is $2.09 and its 200 day moving average price is $2.30. The firm has a market capitalization of $1.49 billion, a PE ratio of -7.27 and a beta of 1.73.
Matterport (NASDAQ:MTTR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The company reported ($0.14) EPS for the quarter, meeting the consensus estimate of ($0.14). Matterport had a negative net margin of 126.20% and a negative return on equity of 36.35%. The business had revenue of $39.55 million for the quarter, compared to analysts' expectations of $40.11 million. As a group, research analysts expect that Matterport, Inc. will post -0.45 EPS for the current year.
Insider Activity
In related news, CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction on Monday, April 1st. The shares were sold at an average price of $2.25, for a total value of $56,250.00. Following the completion of the sale, the chief financial officer now owns 1,314,918 shares of the company's stock, valued at approximately $2,958,565.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Raymond J. Pittman sold 72,096 shares of Matterport stock in a transaction on Monday, March 4th. The shares were sold at an average price of $2.02, for a total value of $145,633.92. Following the completion of the sale, the chief executive officer now owns 3,375,510 shares of the company's stock, valued at approximately $6,818,530.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction on Monday, April 1st. The shares were sold at an average price of $2.25, for a total transaction of $56,250.00. Following the completion of the sale, the chief financial officer now directly owns 1,314,918 shares of the company's stock, valued at approximately $2,958,565.50. The disclosure for this sale can be found here. Insiders have sold a total of 437,909 shares of company stock worth $884,072 in the last ninety days. Corporate insiders own 16.10% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its position in Matterport by 21.0% during the 3rd quarter. Barclays PLC now owns 120,020 shares of the company's stock worth $260,000 after acquiring an additional 20,824 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Matterport by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 23,383,072 shares of the company's stock worth $50,741,000 after purchasing an additional 306,958 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Matterport by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,864,667 shares of the company's stock worth $4,046,000 after purchasing an additional 90,581 shares during the period. 180 Wealth Advisors LLC bought a new position in shares of Matterport during the 3rd quarter worth about $27,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Matterport during the 3rd quarter worth about $291,000. Institutional investors and hedge funds own 36.96% of the company's stock.
About Matterport
(
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Matterport, Inc, a spatial data company, focuses on digitization and datafication in the United States and internationally. The company offers Matterport Capture Services, a fully managed solution for enterprise subscribers; Matterport Pro3, a 3D camera that scans properties; Matterport Pro2, a 3D camera that captures spaces; LEICA BLK360, a device to create digital twins; Smartphone Capture, a smartphone capture solution for both iOS and Android; and 360 Cameras.
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