Matterport (MTTR) Set to Announce Earnings on Monday

Matterport (NASDAQ:MTTR) is scheduled to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Matterport to post earnings of ($0.03) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Matterport (NASDAQ:MTTR) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.14) earnings per share for the quarter, hitting the consensus estimate of ($0.14). Matterport had a negative return on equity of 36.35% and a negative net margin of 126.20%. The business had revenue of $39.55 million during the quarter, compared to analysts’ expectations of $40.11 million. On average, analysts expect Matterport to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Matterport Stock Performance

MTTR opened at $4.54 on Friday. The stock has a market capitalization of $1.43 billion, a PE ratio of -6.88 and a beta of 1.11. The stock’s 50 day moving average price is $2.50 and its 200-day moving average price is $2.45. Matterport has a 52-week low of $1.73 and a 52-week high of $4.99.

Wall Street Analyst Weigh In

MTTR has been the subject of several research analyst reports. Northland Securities reaffirmed a “market perform” rating and issued a $5.50 target price on shares of Matterport in a research report on Tuesday, April 23rd. BTIG Research started coverage on Matterport in a research report on Friday, January 19th. They set a “neutral” rating on the stock. Piper Sandler upped their target price on Matterport from $3.00 to $5.50 and gave the stock a “neutral” rating in a report on Monday, April 22nd. Loop Capital restated a “hold” rating and issued a $5.50 target price (up previously from $5.00) on shares of Matterport in a research note on Tuesday, April 23rd. Finally, Wedbush reduced their price target on Matterport from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, February 22nd. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.50.

Insider Activity

In related news, CFO James Daniel Fay sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $4.60, for a total value of $115,000.00. Following the sale, the chief financial officer now owns 1,507,482 shares in the company, valued at approximately $6,934,417.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Matterport news, CFO James Daniel Fay sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $4.60, for a total value of $115,000.00. Following the sale, the chief financial officer now directly owns 1,507,482 shares of the company’s stock, valued at $6,934,417.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Japjit Tulsi sold 16,670 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $2.02, for a total value of $33,673.40. Following the completion of the sale, the chief technology officer now directly owns 390,078 shares in the company, valued at $787,957.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 437,909 shares of company stock worth $942,572. Insiders own 16.10% of the company’s stock.

Matterport Company 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.