Matterport Target of Unusually High Options Trading (NASDAQ:MTTR)

Matterport, Inc. (NASDAQ:MTTRGet Free Report) saw unusually large options trading on Monday. Stock traders purchased 10,463 call options on the stock. This is an increase of 286% compared to the average volume of 2,709 call options.

Analyst Ratings Changes

A number of brokerages have weighed in on MTTR. Northland Securities reiterated a “market perform” rating and issued a $5.50 target price on shares of Matterport in a report on Tuesday, April 23rd. Loop Capital reiterated a “hold” rating and set a $5.50 price target (up previously from $5.00) on shares of Matterport in a research note on Tuesday, April 23rd. Finally, Piper Sandler raised their target price on Matterport from $3.00 to $5.50 and gave the company a “neutral” rating in a report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.50.

Check Out Our Latest Stock Report on MTTR

Insider Transactions at Matterport

In related news, CFO James Daniel Fay sold 25,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $4.33, for a total value of $108,250.00. Following the completion of the transaction, the chief financial officer now owns 1,425,043 shares of the company’s stock, valued at $6,170,436.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO James Daniel Fay sold 25,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $4.33, for a total value of $108,250.00. Following the sale, the chief financial officer now directly owns 1,425,043 shares of the company’s stock, valued at $6,170,436.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Japjit Tulsi sold 35,960 shares of Matterport stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $4.41, for a total transaction of $158,583.60. Following the sale, the chief technology officer now directly owns 483,737 shares in the company, valued at $2,133,280.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 475,645 shares of company stock valued at $2,100,344. 17.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Matterport

Several large investors have recently added to or reduced their stakes in MTTR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Matterport in the second quarter valued at approximately $51,000. Cetera Advisors LLC bought a new stake in shares of Matterport during the 1st quarter valued at $44,000. Virtu Financial LLC lifted its holdings in Matterport by 31.9% during the 1st quarter. Virtu Financial LLC now owns 20,568 shares of the company’s stock worth $46,000 after purchasing an additional 4,969 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in Matterport in the 1st quarter worth about $25,000. Finally, Janus Henderson Group PLC grew its holdings in Matterport by 116.9% during the 1st quarter. Janus Henderson Group PLC now owns 208,743 shares of the company’s stock valued at $473,000 after buying an additional 112,495 shares in the last quarter. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Matterport Stock Down 1.2 %

MTTR stock opened at $4.17 on Wednesday. The firm has a market cap of $1.31 billion, a PE ratio of -6.95 and a beta of 1.07. The business has a 50 day moving average of $4.31 and a 200-day moving average of $3.06. Matterport has a 12-month low of $1.73 and a 12-month high of $4.99.

Matterport (NASDAQ:MTTRGet Free Report) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.01. The company had revenue of $39.87 million during the quarter, compared to analyst estimates of $39.98 million. Matterport had a negative net margin of 113.62% and a negative return on equity of 33.59%. On average, research analysts expect that Matterport will post -0.45 earnings per share for the current year.

Matterport Company Profile

(Get Free Report)

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.

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