NASDAQ:MTTR

Matterport (MTTR) Stock Forecast, Price & News

$2.21

+0.06 (+2.79%)

(As of 12:39 PM ET)

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Today's Range: $2.18
▼
$2.22
50-Day Range: $2.15
▼
$3.48
52-Week Range: $2.10
▼
$4.30

Volume: 634,416 shs
Average Volume: 2.84 million shs
Market Capitalization: $667.09 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.75

Matterport MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 114.9% Upside
$4.75 Price Target
Short Interest: Bearish
4.98% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.10
Based on 2 Articles This Week
Insider Trading: Selling Shares
$1.44 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.72) to ($0.60) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.01 out of 5 stars

Business Services Sector

201st out of 319 stocks

Prepackaged Software Industry

136th out of 205 stocks

3.2

Analyst's Opinion

Consensus Rating
Matterport has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.75, Matterport has a forecasted upside of 114.9% from its current price of $2.21.
Amount of Analyst Coverage
Matterport has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.98% of the float of Matterport has been sold short.
Short Interest Ratio / Days to Cover
Matterport has a short interest ratio ("days to cover") of 5.6.
Change versus previous month
Short interest in Matterport has recently increased by 3.82%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Matterport does not currently pay a dividend.
Dividend Growth
Matterport does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MTTR.

2.8

News and Social Media Coverage

News Sentiment
Matterport has a news sentiment score of 1.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Matterport this week, compared to 2 articles on an average week.
Search Interest
Only 8 people have searched for MTTR on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.
MarketBeat Follows
14 people have added Matterport to their MarketBeat watchlist in the last 30 days. This is an increase of 180% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Matterport insiders have sold 1,053.06% more of their company's stock than they have bought. Specifically, they have bought $125,000.00 in company stock and sold $1,441,330.00 in company stock.
Percentage Held by Insiders
16.10% of the stock of Matterport is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 30.52% of the stock of Matterport is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Matterport are expected to grow in the coming year, from ($0.72) to ($0.60) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Matterport is -2.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Matterport is -2.83, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Matterport has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Matterport (NASDAQ:MTTR) Stock

Matterport, Inc., a spatial data company, focuses on digitization and datafication of the built world. The company offers Matterport Capture Services, a fully managed solution for enterprise subscribers; Smartphone Capture, a smartphone capture solution for both iOS and Android; Matterport Pro3, a 3D camera that scans properties; Matterport Pro2, a 3D camera that captures spaces; and 360 Cameras. It also provides Matterport Axis, a motorized mount that can be used with the Matterport Capture app to capture 3D digital twins of any physical space with increased speed, precision, and consistency. It offers solutions for residential and commercial real estate, facilities management and retail, AEC, insurance and repair, and travel and hospitality. Matterport, Inc. is headquartered in Sunnyvale, California.

MTTR Price History

30 days | 90 days | 365 days | Advanced Chart

MTTR Stock News Headlines

September 26, 2023 | finance.yahoo.com

Matterport Announces the Next Generation of AI-Powered Real Estate Insights, Now in Beta

September 20, 2023 | finance.yahoo.com

Matterport and Procore Technologies Deepen Digital Twin Integration To Streamline Design and Construction Processes

September 29, 2023 | PressReach (Ad)

This Stock's a Sleeping Giant

The stock everyone has their eye on - discover why it's the talk of the investment world.

September 18, 2023 | seekingalpha.com

Matterport: Flush With Cash, Soon A Buy

September 11, 2023 | msn.com

Down -7.41% in 4 Weeks, Here's Why Matterport, Inc. (MTTR) Looks Ripe for a Turnaround

September 5, 2023 | finanznachrichten.de

Matterport Inc: Matterport's Digital Twin Platform Documents Reconstruction of 2,000 Year-Old Aso Shrine Following Earthquake Collapse

September 5, 2023 | finance.yahoo.com

Matterport’s Digital Twin Platform Documents Reconstruction of 2,000 Year-Old Aso Shrine Following Earthquake Collapse

August 21, 2023 | finance.yahoo.com

Unlocking Virtual Fortunes: Investing in the Immersive Future with Matterport and NetEase

September 29, 2023 | PressReach (Ad)

This Stock's a Sleeping Giant

The stock everyone has their eye on - discover why it's the talk of the investment world.

August 21, 2023 | finance.yahoo.com

Investing in the Immersive Future With Matterport and NetEase

August 19, 2023 | seekingalpha.com

Matterport: Growth Remains Strong And Profitability Is The Key Upside Catalyst

August 18, 2023 | seekingalpha.com

Matterport: Unconvincing Future Amidst Sluggish Growth

August 16, 2023 | msn.com

All You Need to Know About Matterport, Inc. (MTTR) Rating Upgrade to Buy

August 9, 2023 | msn.com

Why Matterport Stock Plunged Today

August 9, 2023 | markets.businessinsider.com

Loop Capital Markets Reaffirms Their Buy Rating on Matterport (MTTR)

August 8, 2023 | msn.com

Matterport, Inc. (MTTR) Reports Q2 Loss, Tops Revenue Estimates

August 8, 2023 | msn.com

Matterport beats Q2 top and bottom line estimates; initiates Q3 and raises FY23 EPS outlook

August 8, 2023 | theglobeandmail.com

Matterport's (NASDAQ:MTTR) Posts Q2 Sales In Line With Estimates But Stock Drops

August 8, 2023 | finance.yahoo.com

Matterport Announces Second Quarter 2023 Financial Results

August 2, 2023 | finance.yahoo.com

Idealista To Leverage Matterport Digital Twin Platform For Southern Europe’s Largest Real Estate Marketplace

July 25, 2023 | seekingalpha.com

Matterport: Lack Of Competitive Advantage Is A Problem

July 24, 2023 | finance.yahoo.com

Matterport Expands Environmental Commitments To Reduce Carbon Footprint Through Hardware Recycling Program with Blue Star Services

July 18, 2023 | msn.com

Got $4? This Hot Growth Stock Looks Like a Top Buy Right Now

July 18, 2023 | theglobeandmail.com

Matterport (NASDAQ:MTTR) Reports Bullish Q1, Provides Optimistic Full Year Guidance

July 17, 2023 | finance.yahoo.com

Matterport, Inc.'s (NASDAQ:MTTR) market cap touched US$1.0b last week, benefiting both retail investors who own 51% as well as institutions

July 14, 2023 | msn.com

Matterport's Inability To Scale Explained

July 12, 2023 | seekingalpha.com

Matterport: Lack Of Profits Aren't The Problem

See More Headlines

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MTTR Company Calendar

Last Earnings: 8/08/2023
Today: 9/29/2023
Next Earnings (Estimated): 11/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:MTTR
CUSIP: N/A
CIK: 1819394
Web: matterport.com
Phone: 650-641-2241
Fax: N/A
Employees: 590
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $4.75
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $3.50
Forecasted Upside/Downside: +120.9%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.78)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-111,340,000.00
Net Margins: -146.13%
Pretax Margin: -145.86%
Return on Equity: -39.63%
Return on Assets: -36.27%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 9.71
Quick Ratio: 9.46

Sales & Book Value

Annual Sales: $136.13 million
Price / Sales: 4.77
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.03 per share
Price / Book: 1.06

Miscellaneous

Outstanding Shares: 301,850,000
Free Float: 253,250,000
Market Cap: $648.98 million
Optionable: Optionable
Beta: 1.60

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Key Executives

Mr. Raymond J. Pittman (Age 53)
Chairman & CEO
Comp: $496.91k

Mr. James Daniel Fay (Age 50)
Chief Financial Officer
Comp: $482.02k

Mr. Peter Presunka (Age 64)
Chief Accounting Officer
Comp: $329.66k

Mr. Matthew P. Zinn (Age 58)
Chief Legal Officer & Corp. Sec.
Comp: $26.4k

Mr. Jay Remley (Age 52)
Chief Revenue Officer
Comp: $548.7k

Mr. David Gausebeck (Age 45)
Co-Founder & Chief Scientist

Vinatha Kutagula
Chief Customer Operations Officer

Mr. Japjit Tulsi (Age 46)
Chief Technology Officer

Mr. Pranab Sinha
Chief Information Officer

Mr. Michael J. Knapp
VP & Head of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MTTR Stock - Frequently Asked Questions

Should I buy or sell Matterport stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Matterport in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MTTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTTR, but not buy additional shares or sell existing shares.
View MTTR analyst ratings or view top-rated stocks.
What is Matterport's stock price forecast for 2023?: 3 equities research analysts have issued 1 year price objectives for Matterport's stock. Their MTTR share price forecasts range from $3.50 to $8.00. On average, they expect the company's stock price to reach $4.75 in the next twelve months. This suggests a possible upside of 120.9% from the stock's current price.
View analysts price targets for MTTR or view top-rated stocks among Wall Street analysts.
How have MTTR shares performed in 2023?: Matterport's stock was trading at $2.80 at the beginning of 2023. Since then, MTTR shares have decreased by 23.2% and is now trading at $2.15.
View the best growth stocks for 2023 here.
When is Matterport's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our MTTR earnings forecast.
How were Matterport's earnings last quarter?: Matterport, Inc. (NASDAQ:MTTR) announced its earnings results on Tuesday, August, 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.19). The firm earned $39.57 million during the quarter, compared to the consensus estimate of $39.22 million. Matterport had a negative trailing twelve-month return on equity of 39.63% and a negative net margin of 146.13%.
What ETFs hold Matterport's stock?: ETFs with the largest weight of Matterport (NASDAQ:MTTR) stock in their portfolio include Global X PropTech ETF (PTEC), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO), Fidelity Metaverse ETF (FMET), SPDR S&P Software & Services ETF (XSW), Global X Metaverse ETF (VR), ProShares Metaverse ETF (VERS).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR) and

What guidance has Matterport issued on next quarter's earnings?: Matterport issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of -$0.07--$0.05 for the period, compared to the consensus EPS estimate of -$0.07. The company issued revenue guidance of $38.00 million-$40.00 million, compared to the consensus revenue estimate of $41.75 million.
What is Matterport's stock symbol?: Matterport trades on the NASDAQ under the ticker symbol "MTTR."
How do I buy shares of Matterport?: Shares of MTTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Matterport's stock price today?: One share of MTTR stock can currently be purchased for approximately $2.15.
How much money does Matterport make?: Matterport (NASDAQ:MTTR) has a market capitalization of $648.98 million and generates $136.13 million in revenue each year. The company earns $-111,340,000.00 in net income (profit) each year or ($0.78) on an earnings per share basis.
How many employees does Matterport have?: The company employs 590 workers across the globe.
How can I contact Matterport?: Matterport's mailing address is 6260 Lookout Road, Boulder CO, 80301. The official website for the company is matterport.com. The company can be reached via phone at 650-641-2241 or via email at ir@matterport.com.

This page (NASDAQ:MTTR) was last updated on 9/29/2023 by MarketBeat.com Staff

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