Mattersight (MATR) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Mattersight (NASDAQ:MATR) from a sell rating to a hold rating in a research report report published on Wednesday, January 3rd.

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. “

Shares of Mattersight (MATR) opened at $2.60 on Wednesday. Mattersight has a fifty-two week low of $2.10 and a fifty-two week high of $4.05. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of -2.61.

Mattersight (NASDAQ:MATR) last released its quarterly earnings results on Tuesday, November 7th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.04. The firm had revenue of $11.34 million for the quarter, compared to analyst estimates of $11.51 million. research analysts expect that Mattersight will post -0.59 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Boston Partners grew its position in 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 acquiring an additional 370,917 shares in the last quarter. Penn Capital Management Co. Inc. boosted its holdings in shares of Mattersight by 9.4% during the 2nd 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. Russell Investments Group Ltd. boosted its holdings in shares of Mattersight by 24.7% during the 2nd 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. B. Riley Financial Inc. bought a new stake in shares of Mattersight during the 3rd quarter worth $138,000. Finally, Northern Trust Corp boosted its holdings in shares of Mattersight by 4.2% during the 2nd 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. 36.40% of the stock is owned by institutional investors.

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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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