Jim Cramer is Bearish on These 5 Stocks

4. Matterport, Inc. (NASDAQ:MTTR)

Number of Hedge Fund Holders: 22

Matterport, Inc. (NASDAQ:MTTR) is a spatial data company based in California. The stock was given a Sell rating by the journalist investor on November 29 during the Lightning Round of Mad Money on CNBC. 

Matterport, Inc. (NASDAQ:MTTR) posted earnings for the third quarter on November 3, reporting earnings per share of -$0.06, beating estimates by $0.01. The revenue over the period was $27 million, missing estimates by $1.4 million. 

At the end of the third quarter of 2021, 22 hedge funds in the database of Insider Monkey held stakes worth $371 million in Matterport, Inc. (NASDAQ:MTTR).

In its Q3 2021 investor letter, Miller Value Partners, an asset management firm, highlighted a few stocks and Matterport, Inc. (NASDAQ:MTTR) was one of them. Here is what the fund said:

“Matterport Inc. (MTTR) took off during the quarter climbing 78.90% following the company’s de-SPAC in July. The company announced they have expanded ‘Matterport Capture Services’, their on demand digitization service, to 22 new US cities and added four in the United Kingdom. This will allow customers to schedule a technician to digitize any commercial or residential property and is now available in 51 US cities in total. The company also announced a beta version of its Notes collaboration tool, a conversational, real-time team collaboration, communication and file sharing tool inside the Matterport digital twin.”