Cetera Investment Advisers Decreases Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

Cetera Investment Advisers reduced its holdings in shares of Matterport, Inc. (NASDAQ:MTTR) by 43.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,452 shares of the company’s stock after selling 26,471 shares during the quarter. Cetera Investment Advisers’ holdings in Matterport were worth $163,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Cantor Fitzgerald L. P. purchased a new stake in Matterport during the fourth quarter worth approximately $361,000. Caxton Associates LP boosted its stake in shares of Matterport by 224.8% in the fourth quarter. Caxton Associates LP now owns 432,565 shares of the company’s stock valued at $2,050,000 after purchasing an additional 299,376 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Matterport by 8,366.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 5,305,154 shares of the company’s stock valued at $25,146,000 after purchasing an additional 5,242,493 shares during the period. Bank of America Corp DE boosted its stake in shares of Matterport by 3.3% in the fourth quarter. Bank of America Corp DE now owns 396,692 shares of the company’s stock valued at $1,880,000 after purchasing an additional 12,539 shares during the period. Finally, Bardin Hill Management Partners LP purchased a new position in shares of Matterport in the fourth quarter valued at $4,001,000. 36.96% of the stock is currently owned by hedge funds and other institutional investors.

Matterport Stock Performance

Shares of MTTR stock opened at $5.38 on Monday. The company has a market capitalization of $1.74 billion, a PE ratio of -6.48 and a beta of 1.06. The firm has a fifty day simple moving average of $5.38 and a 200-day simple moving average of $5.18. Matterport, Inc. has a twelve month low of $3.90 and a twelve month high of $5.46.

Matterport (NASDAQ:MTTR) last announced its earnings results 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 analysts’ expectations of $42.87 million. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. Equities research analysts predict that Matterport, Inc. will post -0.44 EPS for the current year.

About Matterport

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.