Matterport (NASDAQ:MTTR – Get Free Report) 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 – Get Free Report) 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
Check Out Our Latest Research Report on MTTR
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.
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