Mattersight Corporation (MATR) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Mattersight Corporation (NASDAQ:MATR) from a hold rating to a sell rating in a report published on Saturday.

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 Corporation (NASDAQ:MATR) traded up 2.33% during trading on Friday, reaching $2.20. The company had a trading volume of 53,931 shares. Mattersight Corporation has a 1-year low of $2.10 and a 1-year high of $4.40. The stock’s market capitalization is $72.05 million. The firm has a 50-day moving average of $2.61 and a 200-day moving average of $3.06.

Mattersight Corporation (NASDAQ:MATR) last released its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.15). The company had revenue of $10.56 million for the quarter, compared to analysts’ expectations of $10.40 million. On average, analysts anticipate that Mattersight Corporation will post ($0.61) EPS for the current fiscal year.

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In related news, Director Tench Coxe purchased 225,253 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were purchased at an average price of $3.65 per share, with a total value of $822,173.45. Following the completion of the acquisition, the director now directly owns 98,494 shares in the company, valued at approximately $359,503.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Henry Feinberg purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were bought at an average cost of $2.48 per share, for a total transaction of $124,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 478,796 shares of company stock worth $1,689,105. Corporate insiders own 30.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Northern Trust Corp raised its stake in shares of 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 in the last quarter. Ironwood Investment Management LLC raised its stake in shares of 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 in the last quarter. Boston Partners raised its stake in shares of Mattersight Corporation by 4.9% in the first quarter. Boston Partners now owns 750,500 shares of the software maker’s stock worth $2,627,000 after buying an additional 34,852 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Mattersight Corporation by 16.7% in the first quarter. Russell Investments Group Ltd. now owns 338,000 shares of the software maker’s stock worth $1,183,000 after buying an additional 48,252 shares in the last quarter. Finally, Penn Capital Management Co. Inc. raised its stake in shares of 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 in the last quarter. 35.84% of the stock is currently owned by institutional investors.

Mattersight Corporation Company Profile

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.