Matterport, Inc. (NASDAQ:MTTR – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $5.25 and last traded at $5.25, with a volume of 1088112 shares. The stock had previously closed at $5.21.
Matterport Stock Performance
The business has a 50 day moving average price of $4.92 and a two-hundred day moving average price of $4.65. The stock has a market cap of $1.69 billion, a PE ratio of -6.31 and a beta of 1.06.
Matterport (NASDAQ:MTTR – Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $43.79 million for the quarter, compared to the consensus estimate of $43.91 million. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) EPS. As a group, research analysts anticipate that Matterport, Inc. will post -0.44 earnings per share for the current year.
Insider Buying and Selling
Institutional Investors Weigh In On Matterport
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in Matterport by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock valued at $29,410,000 after acquiring an additional 471,641 shares during the period. Millennium Management LLC raised its holdings in Matterport by 142.3% during the 2nd quarter. Millennium Management LLC now owns 3,021,453 shares of the company’s stock valued at $13,506,000 after acquiring an additional 1,774,442 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Matterport by 14.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,945 shares of the company’s stock worth $10,408,000 after purchasing an additional 288,544 shares during the period. Sand Grove Capital Management LLP increased its holdings in shares of Matterport by 112.1% in the third quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company’s stock worth $9,323,000 after purchasing an additional 1,094,879 shares during the period. Finally, Alpine Associates Management Inc. increased its holdings in shares of Matterport by 57.2% in the third quarter. Alpine Associates Management Inc. now owns 2,045,682 shares of the company’s stock worth $9,206,000 after purchasing an additional 744,582 shares during the period. Institutional investors own 36.96% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Matterport
- 3 Healthcare Dividend Stocks to Buy
- How to Invest in Small Cap Stocks
- P/E Ratio Calculation: How to Assess Stocks
- These Are the Dividend Stocks Insiders Bought in January
- Breakout Stocks: What They Are and How to Identify Them
- How the ‘No Buy’ Trend of 2025 Is Boosting These 3 Stocks
Receive News & Ratings for Matterport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matterport and related companies with MarketBeat.com's FREE daily email newsletter.