Matterport (MTTR) to Release Quarterly Earnings on Tuesday

Matterport (NASDAQ:MTTR) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.

Matterport (NASDAQ:MTTR) last announced its 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. Matterport had a negative return on equity of 33.59% and a negative net margin of 113.62%. The business had revenue of $39.87 million during the quarter, compared to analysts’ expectations of $39.98 million. On average, analysts expect Matterport to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Matterport Trading Down 1.1 %

MTTR stock traded down $0.05 during trading hours on Tuesday, hitting $4.40. 647,158 shares of the stock traded hands, compared to its average volume of 3,230,808. The stock has a 50-day simple moving average of $4.29 and a 200 day simple moving average of $3.24. Matterport has a one year low of $1.73 and a one year high of $4.99. The company has a market cap of $1.38 billion, a P/E ratio of -7.42 and a beta of 1.07.

Analysts Set New Price Targets

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

Insider Activity at Matterport

In related news, CFO James Daniel Fay sold 25,000 shares of the stock in a transaction on 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 in the company, valued at approximately $6,170,436.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO James Daniel Fay sold 25,000 shares of the 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 sale, the chief financial officer now directly owns 1,425,043 shares of the company’s stock, valued at approximately $6,170,436.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Raymond J. Pittman sold 209,180 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $4.41, for a total value of $922,483.80. Following the completion of the sale, the chief executive officer now directly owns 3,695,530 shares of the company’s stock, valued at $16,297,287.30. The disclosure for this sale can be found here. Insiders sold 475,645 shares of company stock worth $2,100,344 in the last quarter. 17.50% of the stock is owned by company insiders.

About Matterport

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.