Magnetar Financial LLC Reduces Position in Matterport, Inc. (NASDAQ:MTTR)

Magnetar Financial LLC trimmed its holdings in shares of Matterport, Inc. (NASDAQ:MTTR) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,016,229 shares of the company’s stock after selling 440,161 shares during the quarter. Magnetar Financial LLC owned 1.86% of Matterport worth $28,517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc purchased a new stake in shares of Matterport during the fourth quarter worth about $29,000. Vestcor Inc bought a new stake in Matterport in the fourth quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new stake in Matterport in the fourth quarter valued at about $34,000. CIBC Asset Management Inc bought a new stake in Matterport in the fourth quarter valued at about $50,000. Finally, Raymond James Financial Inc. bought a new stake in Matterport in the fourth quarter valued at about $88,000. 36.96% of the stock is owned by hedge funds and other institutional investors.

Matterport Price Performance

Shares of Matterport stock opened at $5.38 on Thursday. The firm has a market cap of $1.74 billion, a P/E ratio of -6.48 and a beta of 1.06. Matterport, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $5.46. The business has a 50-day moving average price of $5.26 and a 200 day moving average price of $4.89.

Matterport (NASDAQ:MTTR) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The firm had revenue of $43.82 million during the quarter, compared to the consensus estimate of $42.87 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. As a group, equities research analysts anticipate that Matterport, Inc. will post -0.44 earnings per share for the current year.

Matterport 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.