Mattersight Corporation (MATR) Cut 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 research report report published on Friday.

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. “

Separately, ValuEngine cut shares of Mattersight from a sell rating to a strong sell rating in a research note on Friday, September 1st.

Mattersight (MATR) opened at $2.80 on Friday. Mattersight has a one year low of $2.10 and a one year high of $4.05. 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 (NASDAQ:MATR) last posted its earnings results on Tuesday, November 7th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.04. The firm had revenue of $11.34 million during the quarter, compared to the consensus estimate of $11.51 million. research analysts forecast that Mattersight will post -0.59 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of MATR. Northern Trust Corp raised its position in Mattersight by 4.2% in the 2nd quarter. Northern Trust Corp now owns 40,827 shares of the software maker’s stock worth $104,000 after purchasing an additional 1,628 shares during the last quarter. B. Riley Financial Inc. bought a new position in Mattersight in the 3rd quarter worth approximately $138,000. Russell Investments Group Ltd. raised its position in Mattersight by 24.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 421,500 shares of the software maker’s stock worth $1,075,000 after purchasing an additional 83,500 shares during the last quarter. Boston Partners raised its position in Mattersight by 8.4% in the 2nd quarter. Boston Partners now owns 813,400 shares of the software maker’s stock worth $2,074,000 after purchasing an additional 62,900 shares during the last quarter. Finally, Penn Capital Management Co. Inc. raised its position in Mattersight by 9.4% in 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 purchasing an additional 91,811 shares during the last quarter. Institutional investors own 39.16% of the company’s stock.

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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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