Mattersight Corporation (MATR) Announces Earnings Results
Mattersight Corporation (NASDAQ:MATR) announced its quarterly earnings results on Tuesday. The software maker reported ($0.15) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.15), Morningstar.com reports.
Shares of Mattersight Corporation (NASDAQ MATR) opened at 2.95 on Wednesday. The stock has a 50 day moving average price of $2.67 and a 200-day moving average price of $3.15. Mattersight Corporation has a 12 month low of $2.35 and a 12 month high of $4.40. The company’s market capitalization is $96.42 million.
Separately, Zacks Investment Research cut Mattersight Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th.
In other Mattersight Corporation news, CFO David B. Mullen acquired 20,000 shares of the stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average price of $2.58 per share, with a total value of $51,600.00. Following the transaction, the chief financial officer now directly owns 394,125 shares of the company’s stock, valued at $1,016,842.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tench Coxe acquired 225,253 shares of the stock in a transaction dated Thursday, June 1st. The stock was acquired at an average cost of $3.65 per share, with a total value of $822,173.45. Following the transaction, the director now directly owns 98,494 shares in the company, valued at $359,503.10. The disclosure for this purchase can be found here. Insiders have acquired a total of 498,796 shares of company stock worth $1,740,705 in the last ninety days. Insiders own 30.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of MATR. Ironwood Investment Management LLC boosted its stake in Mattersight Corporation by 2.6% in the first quarter. Ironwood Investment Management LLC now owns 125,047 shares of the software maker’s stock worth $438,000 after buying an additional 3,160 shares during the last quarter. Boston Partners boosted its stake in Mattersight Corporation by 4.9% in the first quarter. Boston Partners now owns 750,500 shares of the software maker’s stock worth $2,627,000 after buying an additional 34,852 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Mattersight Corporation by 16.7% in the first quarter. Russell Investments Group Ltd. now owns 338,000 shares of the software maker’s stock worth $1,183,000 after buying an additional 48,252 shares during the last quarter. 39.62% of the stock is owned by hedge funds and other institutional investors.
About Mattersight Corporation
Mattersight Corporation offers behavioral analytics and provides personality-based software products. The Company uses various applications, including predictive behavioral routing, performance management, quality assurance and predictive analytics (collectively, Behavioral Analytics) to analyze and predict customer behavior based on the language exchanged between agents and customers during brand interactions.
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