Matterport, Inc. (NASDAQ:MTTR – Get Free Report)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $5.00 and last traded at $5.00, with a volume of 242816 shares. The stock had previously closed at $4.95.
Matterport Stock Performance
The firm has a 50-day moving average of $4.75 and a two-hundred day moving average of $4.47.
Matterport (NASDAQ:MTTR – Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $43.79 million during the quarter, compared to analysts’ expectations of $43.91 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) EPS. Analysts forecast that Matterport, Inc. will post -0.44 earnings per share for the current fiscal year.
Insider Activity at Matterport
Institutional Investors Weigh In On Matterport
A number of large investors have recently bought and sold shares of the business. Redwood Wealth Management Group LLC bought a new stake in Matterport during the 2nd quarter worth about $29,000. Allspring Global Investments Holdings LLC acquired a new position in Matterport in the third quarter valued at about $30,000. Cetera Advisors LLC bought a new position in Matterport during the first quarter worth about $44,000. Trellis Wealth Advisors LLC acquired a new position in shares of Matterport during the 2nd quarter worth about $49,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Matterport by 23.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,001 shares of the company’s stock valued at $63,000 after acquiring an additional 2,618 shares during the last quarter. 36.96% of the stock is currently owned by institutional investors.
Matterport Company 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.
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