Matterport (NASDAQ:MTTR) Rating Reiterated by Loop Capital

Loop Capital reiterated their hold rating on shares of Matterport (NASDAQ:MTTR) in a research report report published on Tuesday morning, Benzinga reports. They currently have a $5.50 target price on the stock, up from their previous target price of $5.00.

Several other analysts have also recently weighed in on MTTR. Northland Securities began coverage on Matterport in a report on Thursday, April 11th. They set an outperform rating and a $3.50 price target on the stock. Wedbush reduced their price target on Matterport from $5.00 to $4.00 and set a neutral rating on the stock in a report on Thursday, February 22nd. BTIG Research began coverage on Matterport in a report on Friday, January 19th. They set a neutral rating on the stock. Finally, Piper Sandler boosted their price target on Matterport from $3.00 to $5.50 and gave the stock a neutral rating in a report on Monday. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, Matterport presently has a consensus rating of Hold and an average price target of $4.50.

Matterport Trading Up 0.9 %

Matterport stock opened at $4.68 on Tuesday. The business’s 50-day moving average price is $2.22 and its two-hundred day moving average price is $2.34. Matterport has a 12-month low of $1.73 and a 12-month high of $4.99.

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 the consensus estimate of ($0.14). The company had revenue of $39.55 million for 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%. As a group, equities research analysts forecast that Matterport will post -0.45 EPS for the current year.

Insider Activity at Matterport

In other news, CFO James Daniel Fay sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $2.26, for a total transaction of $56,500.00. Following the transaction, the chief financial officer now directly owns 1,404,944 shares of the company’s stock, valued at $3,175,173.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO James Daniel Fay sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $2.26, for a total transaction of $56,500.00. Following the transaction, the chief financial officer now directly owns 1,404,944 shares of the company’s stock, valued at $3,175,173.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Raymond J. Pittman sold 69,539 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $1.94, for a total value of $134,905.66. Following the transaction, the chief executive officer now directly owns 3,231,873 shares in the company, valued at $6,269,833.62. The disclosure for this sale can be found here. Insiders have sold 437,909 shares of company stock worth $884,072 over the last ninety days. Insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Matterport

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Matterport by 1.3% in the 3rd 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 during the last quarter. Exchange Traded Concepts LLC raised its position in Matterport by 4.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,221,465 shares of the company’s stock valued at $8,666,000 after buying an additional 126,052 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Matterport by 5.1% in the 3rd 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 during the last quarter. G2 Investment Partners Management LLC raised its position in Matterport by 136.7% in the 4th quarter. G2 Investment Partners Management LLC now owns 1,396,528 shares of the company’s stock valued at $3,757,000 after buying an additional 806,528 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in Matterport by 8.1% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 909,172 shares of the company’s stock valued at $1,973,000 after buying an additional 68,030 shares during the last quarter. 36.96% of the stock is owned by hedge funds and other institutional investors.

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.