Virtu Financial LLC Purchases New Shares in Matterport, Inc. (NASDAQ:MTTR)

Virtu Financial LLC acquired a new position in Matterport, Inc. (NASDAQ:MTTR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 37,438 shares of the company’s stock, valued at approximately $177,000.

Other hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC bought a new position in shares of Matterport in the third quarter valued at approximately $252,000. Charles Schwab Investment Management Inc. boosted its position in Matterport by 14.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,312,945 shares of the company’s stock worth $10,408,000 after purchasing an additional 288,544 shares during the last quarter. Cerity Partners LLC grew its stake in Matterport by 19.0% in the 3rd quarter. Cerity Partners LLC now owns 119,269 shares of the company’s stock valued at $537,000 after purchasing an additional 19,075 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Matterport by 12.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,817 shares of the company’s stock valued at $499,000 after purchasing an additional 12,233 shares during the last quarter. Finally, Sand Grove Capital Management LLP raised its stake in shares of Matterport by 112.1% during the 3rd quarter. Sand Grove Capital Management LLP now owns 2,071,883 shares of the company’s stock worth $9,323,000 after purchasing an additional 1,094,879 shares during the period. Institutional investors own 36.96% of the company’s stock.

Matterport Stock Performance

MTTR opened at $5.38 on Friday. Matterport, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $5.46. The firm has a 50-day moving average of $5.32 and a 200 day moving average of $4.94. The firm has a market cap of $1.74 billion, a P/E ratio of -6.48 and a beta of 1.06.

Matterport (NASDAQ:MTTR) last released its earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%. The company had revenue of $43.82 million for the quarter, compared to the consensus estimate of $42.87 million. Equities research analysts predict that Matterport, Inc. will post -0.44 earnings per share for the current fiscal 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.