Matterport’s (MTTR) “Market Perform” Rating Reaffirmed at Northland Securities

Northland Securities reissued their market perform rating on shares of Matterport (NASDAQ:MTTRFree Report) in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has a $5.50 target price on the stock.

A number of other analysts have also weighed in on MTTR. Piper Sandler increased their price objective on shares of Matterport from $3.00 to $5.50 and gave the stock a neutral rating in a research report on Monday. Wedbush reduced their price objective on shares of Matterport from $5.00 to $4.00 and set a neutral rating on the stock in a research report on Thursday, February 22nd. Loop Capital reissued a hold rating and issued a $5.50 price objective (up from $5.00) on shares of Matterport in a research report on Tuesday. Finally, BTIG Research started coverage on shares of Matterport in a research report on Friday, January 19th. They issued a neutral rating on the stock. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Matterport currently has a consensus rating of Hold and a consensus price target of $4.50.

View Our Latest Stock Report on Matterport

Matterport Trading Down 4.2 %

Shares of NASDAQ MTTR opened at $4.60 on Tuesday. The firm’s 50-day moving average price is $2.13 and its 200-day moving average price is $2.31. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -6.97 and a beta of 1.73. Matterport has a 12-month low of $1.73 and a 12-month high of $4.99.

Matterport (NASDAQ:MTTRGet Free Report) last announced its earnings results on Tuesday, February 20th. The company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14). The firm 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%. On average, equities analysts predict 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 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 sale, the chief financial officer now directly owns 1,404,944 shares in the company, valued at $3,175,173.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Matterport news, CFO James Daniel Fay sold 25,000 shares of the firm’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 sale, the chief financial officer now directly owns 1,404,944 shares in the company, valued at $3,175,173.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Raymond J. Pittman sold 72,096 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 437,909 shares of company stock worth $884,072 over the last three months. Corporate insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Droms Strauss Advisors Inc. MO ADV purchased a new position in shares of Matterport in the fourth quarter worth $27,000. Apollon Wealth Management LLC purchased a new position in shares of Matterport in the fourth quarter worth $28,000. Private Advisor Group LLC purchased a new position in shares of Matterport in the fourth quarter worth $31,000. Choreo LLC purchased a new position in shares of Matterport in the fourth quarter worth $33,000. Finally, 180 Wealth Advisors LLC purchased a new position in shares of Matterport in the third quarter worth $27,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

About Matterport

(Get Free Report)

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.

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