Bank of New York Mellon Corp Has $3.58 Million Stock Holdings in Matterport, Inc. (NASDAQ:MTTR)

Bank of New York Mellon Corp raised its holdings in Matterport, Inc. (NASDAQ:MTTR) by 1.9% during the fourth quarter, HoldingsChannel reports. The firm owned 755,541 shares of the company’s stock after acquiring an additional 14,434 shares during the quarter. Bank of New York Mellon Corp’s holdings in Matterport were worth $3,581,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc bought a new position in shares of Matterport in the 4th quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Matterport by 46.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 20,526 shares of the company’s stock valued at $97,000 after acquiring an additional 6,525 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Matterport by 2.8% in the 4th quarter. Rhumbline Advisers now owns 349,591 shares of the company’s stock valued at $1,657,000 after acquiring an additional 9,442 shares during the last quarter. Palumbo Wealth Management LLC lifted its stake in shares of Matterport by 65.7% in the 4th quarter. Palumbo Wealth Management LLC now owns 26,073 shares of the company’s stock valued at $124,000 after acquiring an additional 10,341 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Matterport in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 36.96% of the company’s stock.

Matterport Stock Performance

Shares of MTTR opened at $5.38 on Thursday. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -6.48 and a beta of 1.06. Matterport, Inc. has a 52 week low of $1.73 and a 52 week high of $5.46. The stock has a fifty day moving average of $5.26 and a 200-day moving average of $4.89.

Matterport (NASDAQ:MTTR) last announced its earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $43.82 million for the quarter, compared to the consensus estimate of $42.87 million. As a group, equities analysts forecast that Matterport, Inc. will post -0.44 EPS for the current year.

Matterport 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.