First Trust Direct Indexing L.P. Acquires New Holdings in Matterport, Inc. (NASDAQ:MTTR)

First Trust Direct Indexing L.P. purchased a new position in shares of Matterport, Inc. (NASDAQ:MTTRFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 41,757 shares of the company’s stock, valued at approximately $94,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTTR. Droms Strauss Advisors Inc. MO ADV bought a new stake in shares of Matterport during the 4th quarter worth about $27,000. Apollon Wealth Management LLC bought a new stake in shares of Matterport during the 4th quarter worth about $28,000. Private Advisor Group LLC acquired a new position in shares of Matterport in the 4th quarter worth approximately $31,000. Choreo LLC acquired a new position in shares of Matterport in the 4th quarter worth approximately $33,000. Finally, TFB Advisors LLC acquired a new position in shares of Matterport in the 4th quarter worth approximately $64,000. 36.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Matterport

In other Matterport news, CFO James Daniel Fay sold 25,000 shares of Matterport stock in a transaction that occurred on Monday, July 1st. The shares were 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 in the company, valued at $6,170,436.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO James Daniel Fay sold 25,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were 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 in the company, valued at $6,170,436.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Jay Remley sold 36,899 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $4.41, for a total transaction of $162,724.59. Following the completion of the sale, the executive now owns 1,201,056 shares of the company’s stock, valued at $5,296,656.96. The disclosure for this sale can be found here. Insiders sold 475,645 shares of company stock worth $2,100,344 over the last ninety days. 17.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on MTTR

Matterport Price Performance

Matterport stock opened at $4.17 on Wednesday. The firm’s 50 day simple moving average is $4.31 and its 200-day simple moving average is $3.06. Matterport, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $4.99. The company has a market cap of $1.31 billion, a P/E ratio of -6.95 and a beta of 1.07.

Matterport (NASDAQ:MTTRGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. Matterport had a negative net margin of 113.62% and a negative return on equity of 33.59%. The firm had revenue of $39.87 million for the quarter, compared to the consensus estimate of $39.98 million. On average, analysts expect that Matterport, Inc. will post -0.45 EPS for the current fiscal year.

About Matterport

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Matterport (NASDAQ:MTTR)

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