Shares of Matterport, Inc. (NASDAQ:MTTR – Get Free Report) 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.
Check Out Our Latest Stock Report on Matterport
Insider Buying and Selling
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 – Get Free Report) 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.
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