Brokerages Expect Matterport, Inc. (NASDAQ:MTTR) to Post -$0.14 EPS

Analysts expect Matterport, Inc. (NASDAQ:MTTRGet Rating) to report earnings of ($0.14) per share for the current quarter, according to Zacks. Three analysts have issued estimates for Matterport’s earnings, with estimates ranging from ($0.14) to ($0.13). The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Matterport will report full year earnings of ($0.48) per share for the current year, with EPS estimates ranging from ($0.49) to ($0.47). For the next year, analysts expect that the business will post earnings of ($0.29) per share, with EPS estimates ranging from ($0.36) to ($0.23). Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Matterport.

Matterport (NASDAQ:MTTRGet Rating) last issued its quarterly earnings results on Wednesday, February 16th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.58) by ($0.08). The business had revenue of $27.09 million for the quarter, compared to analyst estimates of $25.14 million. The company’s revenue for the quarter was up 14.8% on a year-over-year basis.

A number of brokerages have issued reports on MTTR. Deutsche Bank Aktiengesellschaft cut their price target on shares of Matterport from $14.00 to $9.00 in a research note on Friday, February 18th. Zacks Investment Research upgraded shares of Matterport from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research note on Saturday, February 26th. Credit Suisse Group cut their price objective on shares of Matterport from $23.00 to $13.00 and set an “outperform” rating on the stock in a research note on Thursday, March 24th. Wedbush cut their price objective on shares of Matterport from $38.00 to $10.00 in a research note on Thursday, February 17th. Finally, Piper Sandler cut their price objective on shares of Matterport from $26.00 to $10.00 and set an “overweight” rating on the stock in a research note on Thursday, February 17th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $13.54.

Matterport stock traded down $0.37 during mid-day trading on Friday, reaching $6.94. 4,874,227 shares of the company traded hands, compared to its average volume of 6,942,445. Matterport has a fifty-two week low of $5.71 and a fifty-two week high of $37.60. The firm’s fifty day moving average is $7.57 and its two-hundred day moving average is $15.63.

In other news, CEO Raymond J. Pittman purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 24th. The shares were bought at an average price of $6.61 per share, for a total transaction of $132,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of institutional investors and hedge funds have recently bought and sold shares of MTTR. DCM International VI Ltd. purchased a new position in Matterport during the fourth quarter valued at $409,870,000. Qualcomm Inc. DE purchased a new position in shares of Matterport in the fourth quarter worth about $233,768,000. Wafra Inc. purchased a new position in shares of Matterport in the fourth quarter worth about $102,274,000. Morgan Stanley purchased a new position in shares of Matterport in the third quarter worth about $71,819,000. Finally, Senator Investment Group LP purchased a new position in shares of Matterport in the third quarter worth about $66,185,000. 33.26% of the stock is currently owned by institutional investors and hedge funds.

Matterport Company Profile (Get Rating)

Matterport, Inc, a spatial data company, focuses on digitizing and indexing the built world. It offers Matterport digital twins, a 3D data platform to design, build, operate, promote, and understand spaces. The company offers Matterport Capture, an application that enables to capture depth, data, and imagery of a space using 3D cameras, 360 cameras, and iPhones; Matterport Workshop application to customize, add additional details, and share spaces; Matterport Showcase application for audience view and explore space in its final format; and Matterport VR to experience virtual reality.

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Earnings History and Estimates for Matterport (NASDAQ:MTTR)

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