DAVENPORT & Co LLC bought a new stake in shares of Matterport, Inc. (NASDAQ:MTTR – Get Rating) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 25,250 shares of the company’s stock, valued at approximately $521,000.
Several other institutional investors have also modified their holdings of MTTR. Wolff Wiese Magana LLC acquired a new position in Matterport in the fourth quarter valued at about $26,000. Captrust Financial Advisors bought a new stake in shares of Matterport during the third quarter valued at approximately $34,000. Vestcor Inc acquired a new stake in shares of Matterport in the third quarter valued at approximately $36,000. Accel Wealth Management increased its holdings in shares of Matterport by 111.1% in the fourth quarter. Accel Wealth Management now owns 1,900 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. acquired a new stake in shares of Matterport in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 41.53% of the company’s stock.
Shares of NASDAQ MTTR traded up $0.33 during midday trading on Thursday, reaching $4.67. 9,759,469 shares of the stock were exchanged, compared to its average volume of 10,341,978. The business has a 50-day simple moving average of $6.92 and a two-hundred day simple moving average of $13.97. Matterport, Inc. has a 12 month low of $3.94 and a 12 month high of $37.60.
In related news, CEO Raymond J. Pittman acquired 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 24th. The shares were acquired at an average cost of $6.61 per share, with a total value of $132,200.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts recently weighed in on MTTR shares. Zacks Investment Research raised shares of Matterport from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a report on Saturday, February 26th. Credit Suisse Group lowered their price target 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. Wedbush lowered shares of Matterport from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $10.00 to $6.00 in a report on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Matterport from $9.00 to $7.00 in a report on Wednesday. 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $11.84.
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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