Man Group plc Purchases New Position in Matterport, Inc. (NASDAQ:MTTR)

Man Group plc purchased a new stake in shares of Matterport, Inc. (NASDAQ:MTTR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,924,815 shares of the company’s stock, valued at approximately $9,124,000. Man Group plc owned about 0.60% of Matterport at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Nomura Holdings Inc. raised its holdings in shares of Matterport by 174.6% during the fourth quarter. Nomura Holdings Inc. now owns 97,070 shares of the company’s stock valued at $460,000 after acquiring an additional 61,723 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Matterport by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 1,110,087 shares of the company’s stock worth $5,262,000 after purchasing an additional 5,785 shares in the last quarter. Gotham Asset Management LLC lifted its position in shares of Matterport by 46.7% in the 4th quarter. Gotham Asset Management LLC now owns 22,169 shares of the company’s stock worth $105,000 after purchasing an additional 7,058 shares during the period. D. E. Shaw & Co. Inc. lifted its position in shares of Matterport by 10.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,018,952 shares of the company’s stock worth $4,830,000 after purchasing an additional 93,792 shares during the period. Finally, Cantor Fitzgerald L. P. bought a new stake in shares of Matterport during the 4th quarter valued at about $361,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Matterport Stock Performance

Shares of NASDAQ:MTTR opened at $5.38 on Monday. 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 $5.38 and a 200-day moving average price of $5.14. Matterport, Inc. has a 52-week low of $3.90 and a 52-week high of $5.46.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings data 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). The firm had revenue of $43.82 million during the quarter, compared to the consensus estimate of $42.87 million. Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. On average, equities analysts forecast that Matterport, Inc. will post -0.44 EPS 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.