Mattersight (MATR) Rating Lowered to Hold at Lake Street Capital

Mattersight (NASDAQ:MATR) was downgraded by stock analysts at Lake Street Capital from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday. They presently have a $2.75 price target on the software maker’s stock, down from their previous price target of $5.00. Lake Street Capital’s price target would suggest a potential upside of 23.60% from the company’s current price.

Separately, Zacks Investment Research lowered Mattersight from a “hold” rating to a “sell” rating in a research note on Friday, November 24th.

Shares of Mattersight (NASDAQ MATR) opened at $2.23 on Thursday. The company has a debt-to-equity ratio of -2.61, a quick ratio of 1.35 and a current ratio of 1.35. Mattersight has a one year low of $1.92 and a one year high of $3.90.

Several institutional investors have recently modified their holdings of MATR. Northern Trust Corp boosted its position in shares of Mattersight 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. Boston Partners boosted its position in shares of Mattersight by 45.6% in the third quarter. Boston Partners now owns 1,184,317 shares of the software maker’s stock worth $3,316,000 after buying an additional 370,917 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Mattersight by 93.1% in the third quarter. Russell Investments Group Ltd. now owns 813,991 shares of the software maker’s stock worth $2,279,000 after buying an additional 392,491 shares during the period. B. Riley Financial Inc. acquired a new stake in shares of Mattersight in the third quarter worth $138,000. Finally, PenderFund Capital Management Ltd. acquired a new stake in shares of Mattersight in the fourth quarter worth $6,205,000. 36.21% of the stock is owned by institutional investors and hedge funds.

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About Mattersight

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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