Matterport (MTTR) Set to Announce Quarterly Earnings on Monday

Matterport (NASDAQ:MTTR - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Matterport (NASDAQ:MTTR - Get Free Report) last posted its earnings results on Tuesday, February 20th. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.14). The company had revenue of $39.55 million during the quarter, compared to analyst estimates of $40.11 million. Matterport had a negative return on equity of 36.35% and a negative net margin of 126.20%. On average, analysts expect Matterport to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Matterport Trading Up 0.4 %

Shares of NASDAQ:MTTR traded up $0.02 during mid-day trading on Monday, reaching $4.74. The stock had a trading volume of 5,344,074 shares, compared to its average volume of 3,869,255. Matterport has a twelve month low of $1.73 and a twelve month high of $4.99. The firm has a market cap of $1.49 billion, a PE ratio of -7.18 and a beta of 1.73. The firm has a 50 day simple moving average of $2.31 and a two-hundred day simple moving average of $2.38.

Insiders Place Their Bets

In related news, CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $2.26, for a total value of $56,500.00. Following the sale, the chief financial officer now owns 1,404,944 shares of the company's stock, valued at $3,175,173.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Matterport news, CFO James Daniel Fay sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $2.26, for a total transaction of $56,500.00. Following the transaction, the chief financial officer now owns 1,404,944 shares of the company's stock, valued at approximately $3,175,173.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Raymond J. Pittman sold 69,539 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $1.94, for a total value of $134,905.66. Following the completion of the sale, the chief executive officer now directly owns 3,231,873 shares of the company's stock, valued at approximately $6,269,833.62. The disclosure for this sale can be found here. Insiders have sold 437,909 shares of company stock valued at $884,072 in the last three months. 16.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MTTR has been the topic of a number of research analyst reports. Loop Capital reaffirmed a "hold" rating and set a $5.50 price target (up previously from $5.00) on shares of Matterport in a research report on Tuesday, April 23rd. Wedbush reduced their price target on shares of Matterport from $5.00 to $4.00 and set a "neutral" rating for the company in a report on Thursday, February 22nd. BTIG Research assumed coverage on shares of Matterport in a report on Friday, January 19th. They set a "neutral" rating on the stock. Northland Securities reaffirmed a "market perform" rating and issued a $5.50 target price on shares of Matterport in a research note on Tuesday, April 23rd. Finally, Piper Sandler lifted their price target on Matterport from $3.00 to $5.50 and gave the company a "neutral" rating in a research note on Monday, April 22nd. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $4.50.

Matterport Company Profile

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.