Alpine Associates Management Inc. Purchases 193,500 Shares of Matterport, Inc. (NASDAQ:MTTR)

Alpine Associates Management Inc. boosted its position in shares of Matterport, Inc. (NASDAQ:MTTR) by 9.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,239,182 shares of the company’s stock after acquiring an additional 193,500 shares during the period. Alpine Associates Management Inc.’s holdings in Matterport were worth $10,614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of Matterport by 29.8% in the 3rd quarter. Creative Planning now owns 67,622 shares of the company’s stock valued at $304,000 after purchasing an additional 15,534 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Matterport in the 3rd quarter valued at approximately $2,015,000. Wolverine Asset Management LLC lifted its stake in shares of Matterport by 16.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 119,065 shares of the company’s stock valued at $536,000 after purchasing an additional 17,000 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Matterport in the 3rd quarter valued at approximately $1,877,000. Finally, Intech Investment Management LLC bought a new stake in shares of Matterport in the 3rd quarter valued at approximately $252,000. 36.96% of the stock is owned by institutional investors.

Matterport Stock Performance

Shares of MTTR stock opened at $5.38 on Friday. Matterport, Inc. has a 52-week low of $1.73 and a 52-week high of $5.46. The firm has a market capitalization of $1.74 billion, a P/E ratio of -6.48 and a beta of 1.06. The stock has a 50 day moving average price of $5.17 and a 200 day moving average price of $4.83.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings results 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). Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The business had revenue of $43.82 million for the quarter, compared to the consensus estimate of $42.87 million. As a group, sell-side analysts forecast that Matterport, Inc. will post -0.44 EPS for the current 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.