Franklin Resources Inc. Boosts Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

Franklin Resources Inc. boosted its position in Matterport, Inc. (NASDAQ:MTTR) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 61,992 shares of the company’s stock after purchasing an additional 4,929 shares during the period. Franklin Resources Inc.’s holdings in Matterport were worth $294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTTR. JPMorgan Chase & Co. raised its stake in shares of Matterport by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,967,215 shares of the company’s stock worth $8,852,000 after purchasing an additional 1,057,537 shares during the period. Geode Capital Management LLC increased its position in shares of Matterport by 7.8% during the third quarter. Geode Capital Management LLC now owns 6,534,162 shares of the company’s stock valued at $29,410,000 after buying an additional 471,641 shares during the period. Versant Capital Management Inc bought a new position in Matterport in the 4th quarter valued at $29,000. SG Americas Securities LLC grew its position in shares of Matterport by 294.2% during the 4th quarter. SG Americas Securities LLC now owns 183,893 shares of the company’s stock valued at $872,000 after purchasing an additional 137,247 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Matterport in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Matterport Stock Performance

MTTR stock opened at $5.38 on Friday. The company’s 50 day moving average is $5.37 and its 200 day moving average is $5.04. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -6.48 and a beta of 1.06. Matterport, Inc. has a 1-year low of $1.73 and a 1-year high of $5.46.

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

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.