Northland Securities Reiterates "Market Perform" Rating for Matterport (NASDAQ:MTTR)

Northland Securities restated their market perform rating on shares of Matterport (NASDAQ:MTTR - Free Report) in a research report report published on Tuesday morning, Benzinga reports. Northland Securities currently has a $5.50 target price on the stock.

A number of other equities analysts have also recently issued reports on the stock. Wedbush dropped their price target on shares of Matterport from $5.00 to $4.00 and set a neutral rating on the stock in a research note on Thursday, February 22nd. BTIG Research began coverage on shares of Matterport in a research note on Friday, January 19th. They issued a neutral rating on the stock. Loop Capital restated a hold rating and set a $5.50 target price (up previously from $5.00) on shares of Matterport in a research note on Tuesday. Finally, Piper Sandler upped their target price on shares of Matterport from $3.00 to $5.50 and gave the company a neutral rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $4.50.

Matterport Price Performance

NASDAQ:MTTR traded down $0.20 during trading hours on Tuesday, hitting $4.60. The company had a trading volume of 28,427,285 shares, compared to its average volume of 3,691,694. The company has a market capitalization of $1.43 billion, a PE ratio of -6.97 and a beta of 1.73. The stock has a 50-day moving average price of $2.13 and a 200 day moving average price of $2.31. Matterport has a 52 week low of $1.73 and a 52 week high of $4.99.

Matterport (NASDAQ:MTTR - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.14) earnings per share for the quarter, meeting the consensus estimate of ($0.14). The business had revenue of $39.55 million for the quarter, compared to analysts' expectations of $40.11 million. Matterport had a negative net margin of 126.20% and a negative return on equity of 36.35%. Analysts anticipate that Matterport will post -0.45 EPS for the current fiscal year.

Insider Buying and Selling at Matterport

In other Matterport news, CFO James Daniel Fay sold 25,000 shares of the firm's 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 completion of the sale, the chief financial officer now owns 1,404,944 shares of the company's stock, valued at $3,175,173.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CRO Jay Remley sold 13,748 shares of Matterport stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $2.02, for a total transaction of $27,770.96. Following the completion of the sale, the executive now owns 1,065,954 shares of the company's stock, valued at $2,153,227.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James Daniel Fay sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $2.26, for a total value of $56,500.00. Following the completion of the transaction, the chief financial officer now directly owns 1,404,944 shares of the company's stock, valued at $3,175,173.44. The disclosure for this sale can be found here. Insiders have sold 437,909 shares of company stock worth $884,072 over the last quarter. Insiders own 16.10% of the company's stock.

Institutional Trading of Matterport

Large investors have recently made changes to their positions in the company. G2 Investment Partners Management LLC lifted its stake in shares of Matterport by 136.7% in the 4th quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company's stock valued at $3,757,000 after purchasing an additional 806,528 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Matterport by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 23,383,072 shares of the company's stock valued at $50,741,000 after purchasing an additional 306,958 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Matterport in the 3rd quarter valued at $559,000. IMC Chicago LLC acquired a new position in shares of Matterport in the 1st quarter valued at $465,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Matterport by 6.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,095,413 shares of the company's stock valued at $6,717,000 after purchasing an additional 178,460 shares during the last quarter. 36.96% of the stock is currently owned by hedge funds and other institutional investors.

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.