Matterport - MTTR Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Matterport in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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6 brokers have issued 1 year price objectives for Matterport's shares. Their MTTR share price forecasts range from $3.00 to $13.00. On average, they expect the company's stock price to reach $5.80 in the next year. This suggests a possible upside of 64.3% from the stock's current price.
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Matterport's stock was trading at $2.80 on January 1st, 2023. Since then, MTTR stock has increased by 26.1% and is now trading at $3.53.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Matterport, Inc. (NASDAQ:MTTR) released its earnings results on Thursday, November, 10th. The company reported ($0.20) earnings per share for the quarter, topping analysts' consensus estimates of ($0.25) by $0.05. The firm had revenue of $37.99 million for the quarter, compared to analysts' expectations of $35.86 million. Matterport had a negative net margin of 173.65% and a negative trailing twelve-month return on equity of 39.17%.

Matterport updated its fourth quarter 2022 earnings guidance on Saturday, December, 10th. The company provided EPS guidance of -$0.11--$0.09 for the period, compared to the consensus earnings per share estimate of -$0.12. The company issued revenue guidance of $39.00 million-$41.00 million, compared to the consensus revenue estimate of $38.78 million.

Matterport trades on the NASDAQ under the ticker symbol "MTTR."

Matterport's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Exchange Traded Concepts LLC (0.84%), Foundations Investment Advisors LLC (0.02%), MBL Wealth LLC (0.02%), Adviser Investments LLC (0.01%), Sigma Planning Corp (0.01%) and McGuire Investment Group LLC (0.01%). Insiders that own company stock include James Daniel Fay, Japjit Tulsi, Jason Krikorian, Jay Remley and Raymond J Pittman.
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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.
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One share of MTTR stock can currently be purchased for approximately $3.53.

Matterport (NASDAQ:MTTR) has a market capitalization of $1.01 billion and generates $111.17 million in revenue each year. The company earns $-338,060,000.00 in net income (profit) each year or ($0.86) on an earnings per share basis.

The company employs 485 workers across the globe.

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.