Epoch Investment Partners Inc. Has $1.71 Million Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

Epoch Investment Partners Inc. raised its holdings in Matterport, Inc. (NASDAQ:MTTRGet Rating) by 109.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,674 shares of the company’s stock after purchasing an additional 43,170 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Matterport were worth $1,706,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wolff Wiese Magana LLC acquired a new stake in shares of Matterport in the 4th quarter valued at $26,000. Captrust Financial Advisors bought a new position in shares of Matterport in the 3rd quarter valued at $34,000. Accel Wealth Management lifted its stake in shares of Matterport by 111.1% in the 4th quarter. Accel Wealth Management now owns 1,900 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares during the last quarter. Vestcor Inc bought a new position in shares of Matterport in the 3rd quarter valued at $36,000. Finally, Concourse Financial Group Securities Inc. bought a new position in shares of Matterport in the 3rd quarter valued at $42,000. 41.53% of the stock is currently owned by hedge funds and other institutional investors.

MTTR stock opened at $5.45 on Friday. The stock has a 50-day moving average price of $6.67 and a 200-day moving average price of $13.27. Matterport, Inc. has a 1-year low of $3.94 and a 1-year high of $37.60. The firm has a market cap of $1.54 billion, a PE ratio of -2.85 and a beta of 1.60.

Matterport (NASDAQ:MTTRGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.04. Matterport had a negative return on equity of 53.37% and a negative net margin of 233.50%. The firm had revenue of $28.51 million during the quarter, compared to analyst estimates of $27.47 million. During the same period last year, the company posted ($0.01) EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts forecast that Matterport, Inc. will post -1.07 earnings per share for the current year.

A number of research analysts have recently commented on MTTR shares. Wedbush cut Matterport from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $10.00 to $6.00 in a research note on Tuesday, May 3rd. Credit Suisse Group dropped their price target on Matterport from $23.00 to $13.00 and set an “outperform” rating for the company in a research note on Thursday, March 24th. Piper Sandler lowered their target price on Matterport from $10.00 to $7.00 in a research report on Friday, April 29th. Morgan Stanley began coverage on Matterport in a research report on Tuesday, April 19th. They set an “equal weight” rating and a $9.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Matterport from $9.00 to $7.00 in a research report on Wednesday, May 11th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $11.84.

In other Matterport news, CEO Raymond J. Pittman acquired 20,000 shares of the stock in a transaction dated Thursday, February 24th. The stock was purchased at an average cost of $6.61 per share, with a total value of $132,200.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

About Matterport (Get Rating)

Matterport, Inc, a spatial data company, focuses on digitization and datafication of the built world. It offers Matterport digital twins, a 3D data platform to design, build, operate, promote, and understand spaces. The company offers Matterport Capture, an application that enables to capture depth, data, and imagery of a space using 3D cameras, 360 cameras, and iPhones; Matterport Workshop application to customize, add additional details, and share spaces; Matterport Showcase application for audience view and explore space in its final format; and Matterport VR to experience virtual reality.

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Institutional Ownership by Quarter for Matterport (NASDAQ:MTTR)

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