Mattersight Corporation (NASDAQ:MATR) released its earnings results on Tuesday, August 8th. The software maker reported ($0.15) earnings per share for the quarter, hitting the consensus estimate of ($0.15), Morningstar.com reports. The company had revenue of $10.56 million for the quarter, compared to analysts’ expectations of $10.40 million.
Shares of Mattersight Corporation (MATR) opened at 2.20 on Friday. Mattersight Corporation has a 52 week low of $2.10 and a 52 week high of $4.40. The firm’s 50-day moving average is $2.61 and its 200 day moving average is $3.06. The firm’s market capitalization is $72.05 million.
In other Mattersight Corporation news, Director Henry Feinberg bought 50,000 shares of the stock in a transaction dated Wednesday, June 7th. The shares were acquired at an average cost of $2.48 per share, for a total transaction of $124,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tench Coxe bought 225,253 shares of the stock in a transaction dated Thursday, June 1st. The shares were acquired at an average price of $3.65 per share, for a total transaction of $822,173.45. Following the completion of the transaction, the director now owns 98,494 shares of the company’s stock, valued at approximately $359,503.10. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 478,796 shares of company stock worth $1,689,105. Insiders own 30.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of MATR. Penn Capital Management Co. Inc. raised its position in Mattersight Corporation by 9.4% in the second quarter. Penn Capital Management Co. Inc. now owns 1,072,141 shares of the software maker’s stock worth $2,734,000 after buying an additional 91,811 shares during the period. Boston Partners raised its position in Mattersight Corporation by 8.4% in the second quarter. Boston Partners now owns 813,400 shares of the software maker’s stock worth $2,074,000 after buying an additional 62,900 shares during the period. Russell Investments Group Ltd. raised its position in Mattersight Corporation by 24.7% in the second quarter. Russell Investments Group Ltd. now owns 421,500 shares of the software maker’s stock worth $1,075,000 after buying an additional 83,500 shares during the period. Ironwood Investment Management LLC raised its position in Mattersight Corporation by 2.6% in the first quarter. Ironwood Investment Management LLC now owns 125,047 shares of the software maker’s stock worth $438,000 after buying an additional 3,160 shares during the period. Finally, Northern Trust Corp raised its position in Mattersight Corporation by 4.2% in the second quarter. Northern Trust Corp now owns 40,827 shares of the software maker’s stock worth $104,000 after buying an additional 1,628 shares during the period. Hedge funds and other institutional investors own 35.84% of the company’s stock.
Separately, Zacks Investment Research raised shares of Mattersight Corporation from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Saturday, June 10th.
About Mattersight Corporation
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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