Matterport (MTTR) Set to Announce Earnings on Tuesday

Matterport (NASDAQ:MTTRGet Free Report) will release its earnings data after the market closes on Tuesday, February 20th. Analysts expect Matterport to post earnings of ($0.04) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Matterport Stock Performance

NASDAQ:MTTR opened at $2.47 on Tuesday. The stock has a fifty day moving average of $2.47 and a 200 day moving average of $2.46. Matterport has a 52-week low of $1.84 and a 52-week high of $3.78. The firm has a market capitalization of $754.98 million, a price-to-earnings ratio of -3.38 and a beta of 1.77.

Insider Buying and Selling at Matterport

In other news, CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $2.63, for a total transaction of $65,750.00. Following the transaction, the chief financial officer now directly owns 1,212,379 shares of the company’s stock, valued at approximately $3,188,556.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Matterport by 17.0% in the second quarter. BlackRock Inc. now owns 21,239,174 shares of the company’s stock worth $66,903,000 after buying an additional 3,084,806 shares during the period. Vanguard Group Inc. increased its stake in shares of Matterport by 4.6% during the third quarter. Vanguard Group Inc. now owns 17,653,430 shares of the company’s stock valued at $66,906,000 after buying an additional 775,755 shares during the period. State Street Corp raised its holdings in shares of Matterport by 16.0% in the second quarter. State Street Corp now owns 6,014,887 shares of the company’s stock valued at $18,947,000 after acquiring an additional 829,437 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Matterport by 46.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,672,781 shares of the company’s stock valued at $15,261,000 after purchasing an additional 1,794,853 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Matterport by 13.9% in the second quarter. Geode Capital Management LLC now owns 5,100,516 shares of the company’s stock worth $16,077,000 after purchasing an additional 623,701 shares in the last quarter. 30.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MTTR shares. Piper Sandler increased their target price on Matterport from $2.50 to $3.00 and gave the company a “neutral” rating in a report on Tuesday, January 2nd. Morgan Stanley decreased their target price on Matterport from $3.50 to $3.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 7th. Finally, BTIG Research started coverage on Matterport in a research report on Friday, January 19th. They issued a “neutral” rating on the stock.

Read Our Latest Research Report on Matterport

About Matterport

(Get Free Report)

Matterport, Inc, a spatial data company, focuses on digitization and datafication of the built world. The company offers Matterport Capture Services, a fully managed solution for enterprise subscribers; Smartphone Capture, a smartphone capture solution for both iOS and Android; Matterport Pro3, a 3D camera that scans properties; Matterport Pro2, a 3D camera that captures spaces; and 360 Cameras.

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Earnings History for Matterport (NASDAQ:MTTR)

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