L & S Advisors Inc bought a new position in Matterport, Inc. (NASDAQ:MTTR – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 55,220 shares of the company’s stock, valued at approximately $1,140,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolff Wiese Magana LLC bought a new stake in Matterport during the 4th quarter valued at approximately $26,000. Captrust Financial Advisors bought a new stake in Matterport during the 3rd quarter valued at approximately $34,000. Accel Wealth Management boosted its position in Matterport by 111.1% during the 4th quarter. Accel Wealth Management now owns 1,900 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares in the last quarter. Vestcor Inc bought a new stake in Matterport during the 3rd quarter valued at approximately $36,000. Finally, Concourse Financial Group Securities Inc. bought a new stake in Matterport during the 3rd quarter valued at approximately $42,000. 41.53% of the stock is currently owned by institutional investors.
In other Matterport news, CEO Raymond J. Pittman acquired 20,000 shares of the business’s stock in a transaction dated Thursday, February 24th. The stock was purchased at an average price of $6.61 per share, with a total value of $132,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Matterport (NASDAQ:MTTR – Get Rating) last announced its earnings results on Wednesday, February 16th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.08). The business had revenue of $27.09 million for the quarter, compared to analyst estimates of $25.14 million. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities analysts expect that Matterport, Inc. will post -1.55 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on MTTR shares. Zacks Investment Research upgraded shares of Matterport from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a report on Saturday, February 26th. Credit Suisse Group lowered their target price on shares of Matterport from $23.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, March 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Matterport from $14.00 to $9.00 in a report on Friday, February 18th. Wedbush lowered shares of Matterport from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $6.00 in a report on Tuesday. Finally, Piper Sandler lowered their target price on shares of Matterport from $10.00 to $7.00 in a report on Friday, April 29th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $12.09.
Matterport Profile (Get Rating)
Matterport, Inc, a spatial data company, focuses on digitization and datafication of the built world. It offers Matterport digital twins, a 3D data platform to design, build, operate, promote, and understand spaces. The company offers Matterport Capture, an application that enables to capture depth, data, and imagery of a space using 3D cameras, 360 cameras, and iPhones; Matterport Workshop application to customize, add additional details, and share spaces; Matterport Showcase application for audience view and explore space in its final format; and Matterport VR to experience virtual reality.
- Get a free copy of the StockNews.com research report on Matterport (MTTR)
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