Matterport, Inc. (NASDAQ:MTTR) Receives Average Rating of “Hold” from Analysts

Shares of Matterport, Inc. (NASDAQ:MTTR) have earned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $4.50.

MTTR has been the topic of several research reports. Northland Securities restated a “market perform” rating and issued a $5.50 target price on shares of Matterport in a research report on Tuesday, April 23rd. Loop Capital restated a “hold” rating and issued a $5.50 target price (up previously from $5.00) on shares of Matterport in a research report on Tuesday, April 23rd. BTIG Research initiated coverage on Matterport in a research report on Friday, January 19th. They issued a “neutral” rating on the stock. Piper Sandler raised their target price on Matterport from $3.00 to $5.50 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Finally, Wedbush decreased their target price on Matterport from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, February 22nd.

Insider Buying and Selling

In related news, CEO Raymond J. Pittman sold 72,096 shares of Matterport stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $2.02, for a total transaction of $145,633.92. Following the transaction, the chief executive officer now owns 3,375,510 shares in the company, valued at $6,818,530.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Matterport news, CEO Raymond J. Pittman sold 72,096 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $2.02, for a total transaction of $145,633.92. Following the completion of the sale, the chief executive officer now owns 3,375,510 shares of the company’s stock, valued at $6,818,530.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James Daniel Fay sold 25,000 shares of the firm’s stock in a transaction on 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 directly owns 1,404,944 shares of the company’s stock, valued at approximately $3,175,173.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 437,909 shares of company stock worth $884,072. 16.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Matterport

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTTR. Barclays PLC grew its stake in shares of Matterport by 21.0% in the third quarter. Barclays PLC now owns 120,020 shares of the company’s stock valued at $260,000 after buying an additional 20,824 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Matterport by 1.3% in the third quarter. Vanguard Group Inc. now owns 23,383,072 shares of the company’s stock valued at $50,741,000 after buying an additional 306,958 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Matterport by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,864,667 shares of the company’s stock valued at $4,046,000 after buying an additional 90,581 shares in the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of Matterport in the third quarter valued at $27,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Matterport in the third quarter valued at $291,000. Institutional investors and hedge funds own 36.96% of the company’s stock.

Matterport Trading Up 0.9 %

NASDAQ MTTR opened at $4.72 on Tuesday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -7.15 and a beta of 1.73. Matterport has a twelve month low of $1.73 and a twelve month high of $4.99. The stock has a 50-day moving average of $2.27 and a 200 day moving average of $2.36.

Matterport (NASDAQ:MTTR) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($0.14) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.14). The company had revenue of $39.55 million during the quarter, compared to analysts’ expectations of $40.11 million. Matterport had a negative return on equity of 36.35% and a negative net margin of 126.20%. Equities analysts predict that Matterport will post -0.45 EPS for the current fiscal year.

About Matterport

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.