Matterport, Inc. (NASDAQ:MTTR) is BCK Capital Management LP’s 10th Largest Position

BCK Capital Management LP lifted its holdings in shares of Matterport, Inc. (NASDAQ:MTTR) by 80.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 668,411 shares of the company’s stock after purchasing an additional 297,073 shares during the quarter. Matterport comprises approximately 2.3% of BCK Capital Management LP’s investment portfolio, making the stock its 10th biggest position. BCK Capital Management LP owned 0.21% of Matterport worth $3,168,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MTTR. Vestcor Inc purchased a new position in Matterport during the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. purchased a new position in Matterport during the 4th quarter valued at about $34,000. CIBC Asset Management Inc purchased a new position in Matterport during the 4th quarter valued at about $50,000. Dark Forest Capital Management LP purchased a new position in Matterport during the 4th quarter valued at about $62,000. Finally, Quantinno Capital Management LP purchased a new position in Matterport during the 4th quarter valued at about $69,000. 36.96% of the stock is currently owned by hedge funds and other institutional investors.

Matterport Price Performance

Shares of Matterport stock opened at $5.38 on Friday. The business has a 50-day moving average of $5.38 and a 200 day moving average of $5.15. Matterport, Inc. has a 12 month low of $3.90 and a 12 month high of $5.46. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -6.48 and a beta of 1.06.

Matterport (NASDAQ:MTTR) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The company had revenue of $43.82 million during the quarter, compared to analysts’ expectations of $42.87 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. Equities research analysts anticipate that Matterport, Inc. will post -0.44 earnings per share for the current year.

Matterport 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.