Mattersight Corp (MATR) Raised to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Mattersight Corp (NASDAQ:MATR) from a hold rating to a buy rating in a report released on Tuesday morning. They currently have $3.25 target price on the software maker’s stock.
According to Zacks, “Mattersight Corporation, formerly known as eLoyalty Corporation, operates as an enterprise analytics service provider. The Company’s Behavioral Analytics service captures, analyzes, and creates insight from unstructured conversations, emails, employee desktop activity, and customer data. Services offered by the Company is applicable in improving call center performance, increase customer satisfaction and customer retention, reduce fraud, and streamline back office operations. Mattersight Corporation is based in Lake Forest, Illinois. “
Mattersight Corp (NASDAQ:MATR) opened at 2.60 on Tuesday. The firm’s market cap is $84.39 million. Mattersight Corp has a one year low of $2.50 and a one year high of $4.65. The company’s 50-day moving average is $3.23 and its 200-day moving average is $3.51.
Mattersight Corp (NASDAQ:MATR) last released its quarterly earnings results on Tuesday, May 9th. The software maker reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.02. Mattersight Corp had a negative return on equity of 36,378.16% and a negative net margin of 49.83%. The firm had revenue of $10.96 million for the quarter. On average, analysts forecast that Mattersight Corp will post ($0.54) earnings per share for the current fiscal year.
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In other news, Director Tench Coxe purchased 100,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was purchased at an average price of $3.45 per share, for a total transaction of $345,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christopher Joseph Danson sold 24,260 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $3.64, for a total transaction of $88,306.40. Following the transaction, the executive vice president now owns 282,004 shares of the company’s stock, valued at approximately $1,026,494.56. The disclosure for this sale can be found here. 30.20% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MATR. Unterberg Capital LLC purchased a new position in Mattersight Corp during the fourth quarter valued at about $6,583,000. Russell Investments Group Ltd. purchased a new position in Mattersight Corp during the fourth quarter valued at about $1,029,000. S Squared Technology LLC raised its position in Mattersight Corp by 9.2% in the fourth quarter. S Squared Technology LLC now owns 467,927 shares of the software maker’s stock valued at $1,731,000 after buying an additional 39,500 shares during the last quarter. Boston Partners raised its position in Mattersight Corp by 4.9% in the first quarter. Boston Partners now owns 750,500 shares of the software maker’s stock valued at $2,627,000 after buying an additional 34,852 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Mattersight Corp by 1.7% in the first quarter. Vanguard Group Inc. now owns 787,440 shares of the software maker’s stock valued at $2,756,000 after buying an additional 13,003 shares during the last quarter. Hedge funds and other institutional investors own 37.15% of the company’s stock.
About Mattersight Corp
Mattersight Corporation offers behavioral analytics and provides personality-based software products. The Company uses various applications, including predictive behavioral routing, performance management, quality assurance and predictive analytics (collectively, Behavioral Analytics) to analyze and predict customer behavior based on the language exchanged between agents and customers during brand interactions.
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