Matterport (NASDAQ:MTTR) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Matterport (NASDAQ:MTTR - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11), Zacks reports. Matterport had a negative net margin of 157.21% and a negative return on equity of 32.19%.Matterport Price PerformanceMatterport Shows Why the Metaverse Will Have Some Growing Pains Shares of MTTR stock traded up $0.04 during midday trading on Wednesday, hitting $5.44. The company had a trading volume of 9,098,953 shares, compared to its average volume of 5,168,534. Matterport has a 52-week low of $1.73 and a 52-week high of $5.46. The company's 50 day simple moving average is $5.07 and its 200 day simple moving average is $4.77. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -6.55 and a beta of 1.06. Insider Transactions at MatterportIn other Matterport news, CEO Raymond J. Pittman sold 358,607 shares of the company'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 transaction of $1,696,211.11. Following the sale, the chief executive officer now owns 4,176,241 shares in the company, valued at $19,753,619.93. This represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Jay Remley sold 82,229 shares of Matterport 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 transaction, the executive now owns 1,408,626 shares of the company's stock, valued at approximately $6,662,800.98. The trade was a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 645,163 shares of company stock valued at $3,051,621. Corporate insiders own 17.50% of the company's stock. Matterport Company Profile (Get Free Report)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.Read MoreFive stocks we like better than MatterportWhat is the NASDAQ Stock Exchange?Buffett’s on the Sidelines – Should You Follow?Growth Stocks: What They Are, What They Are NotAST SpaceMobile Stock Surges 17% After Analyst UpgradeBest Stocks Under $5.003 Stocks With Triple-Digit PEs That Are Still Worth a LookThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Matterport Right Now?Before you consider Matterport, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Matterport wasn't on the list.While Matterport currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here