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AMZN   3,128.79 (+0.09%)
TSLA   1,031.81 (+3.63%)
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PFE   54.00 (+0.86%)
ACB   4.99 (+2.67%)
BA   220.25 (+1.46%)
S&P 500   4,584.85 (+1.15%)
DOW   35,361.56 (+0.95%)
QQQ   372.42 (+1.62%)
AAPL   169.01 (+1.67%)
MSFT   310.29 (+2.29%)
FB   324.49 (+1.53%)
GOOGL   2,736.84 (+1.28%)
AMZN   3,128.79 (+0.09%)
TSLA   1,031.81 (+3.63%)
NVDA   252.75 (+0.83%)
BABA   133.70 (+4.67%)
NIO   30.39 (+6.15%)
AMD   127.10 (-0.91%)
CGC   7.96 (+4.19%)
MU   89.32 (-0.76%)
GE   101.11 (+0.49%)
T   27.35 (+0.26%)
F   22.29 (-0.71%)
DIS   151.46 (+0.90%)
AMC   19.04 (+3.93%)
PFE   54.00 (+0.86%)
ACB   4.99 (+2.67%)
BA   220.25 (+1.46%)
S&P 500   4,584.85 (+1.15%)
DOW   35,361.56 (+0.95%)
QQQ   372.42 (+1.62%)
AAPL   169.01 (+1.67%)
MSFT   310.29 (+2.29%)
FB   324.49 (+1.53%)
GOOGL   2,736.84 (+1.28%)
AMZN   3,128.79 (+0.09%)
TSLA   1,031.81 (+3.63%)
NVDA   252.75 (+0.83%)
BABA   133.70 (+4.67%)
NIO   30.39 (+6.15%)
AMD   127.10 (-0.91%)
CGC   7.96 (+4.19%)
MU   89.32 (-0.76%)
GE   101.11 (+0.49%)
T   27.35 (+0.26%)
F   22.29 (-0.71%)
DIS   151.46 (+0.90%)
AMC   19.04 (+3.93%)
PFE   54.00 (+0.86%)
ACB   4.99 (+2.67%)
BA   220.25 (+1.46%)

Matterport Inc (NASDAQ:MTTR) Given Average Recommendation of "Buy" by Analysts

Last updated on Monday, January 3, 2022 | 2022 MarketBeat

Matterport Inc (NASDAQ:MTTR) has earned a consensus recommendation of "Buy" from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $27.40.

A number of analysts recently commented on the company. Credit Suisse Group lifted their price objective on Matterport from $25.00 to $34.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 23rd. They noted that the move was a valuation call. Zacks Investment Research raised Matterport from a "sell" rating to a "hold" rating in a research note on Thursday, November 11th. Piper Sandler lifted their price objective on Matterport from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Friday, September 10th. Berenberg Bank started coverage on Matterport in a research report on Wednesday, September 29th. They set a "buy" rating and a $25.00 price target on the stock. Finally, Wedbush lifted their price objective on Matterport from $30.00 to $38.00 and gave the stock an "outperform" rating in a report on Tuesday, November 30th.

A number of institutional investors and hedge funds have recently made changes to their positions in MTTR. Foundations Investment Advisors LLC acquired a new stake in shares of Matterport in the 3rd quarter valued at about $373,000. Exchange Traded Concepts LLC bought a new stake in shares of Matterport during the third quarter worth approximately $2,005,000. Belvedere Trading LLC bought a new stake in shares of Matterport during the third quarter worth approximately $331,000. Kestra Advisory Services LLC bought a new stake in shares of Matterport in the third quarter valued at approximately $633,000. Finally, Exos Asset Management LLC bought a new stake in shares of Matterport in the third quarter valued at approximately $211,000. Hedge funds and other institutional investors own 14.93% of the company's stock.

MTTR stock opened at $20.64 on Monday. The stock's 50 day moving average price is $24.22. Matterport has a fifty-two week low of $10.45 and a fifty-two week high of $37.60.

Matterport (NASDAQ:MTTR) last posted its quarterly earnings data on Wednesday, November 3rd. The company reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.22) by $0.02. The firm had revenue of $27.66 million during the quarter, compared to analyst estimates of $29.20 million. As a group, analysts predict that Matterport will post -0.25 EPS for the current fiscal year.

About Matterport

Matterport Inc is a spatial data company driving the digital transformation of the built world. Matterport Inc, formerly known as Gores Holdings VI, is based in SUNNYVALE, Calif.

See Also: Hedge Funds - How They Work For Investors

Analyst Recommendations for Matterport (NASDAQ:MTTR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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