Matterport (MTTR) to Release Quarterly Earnings on Tuesday

Matterport (NASDAQ:MTTR) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect Matterport to post earnings of ($0.01) per share and revenue of $42.87 million for the quarter.

Matterport (NASDAQ:MTTR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $43.79 million for the quarter, compared to analyst estimates of $43.91 million. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS. On average, analysts expect Matterport to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Matterport Price Performance

Shares of NASDAQ MTTR opened at $5.30 on Tuesday. The firm’s 50 day simple moving average is $4.98 and its 200-day simple moving average is $4.69. Matterport has a 12 month low of $1.73 and a 12 month high of $5.36. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -6.39 and a beta of 1.06.

Insider Activity at Matterport

In other Matterport news, CEO Raymond J. Pittman sold 358,607 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $4.73, for a total value of $1,696,211.11. Following the sale, the chief executive officer now directly owns 4,176,241 shares of the company’s stock, valued at approximately $19,753,619.93. This trade represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Jay Remley sold 82,229 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $4.73, for a total value of $388,943.17. Following the completion of the sale, the executive now owns 1,408,626 shares of the company’s stock, valued at $6,662,800.98. This trade represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 645,163 shares of company stock worth $3,051,621. 17.50% of the stock is owned by company insiders.

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.