MTTR Stock Recent News

Matterport (MTTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

In the most recent trading session, Matterport, Inc. (MTTR) closed at $4.72, indicating a +0.85% shift from the previous trading day.

A massive buyout offer sent shares sharply higher.

SUNNYVALE, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) (“Matterport” or the “Company”), the leading spatial data company driving the digital transformation of the built world, today announced that it will no longer hold its first quarter results conference call originally scheduled for Monday, May 6, 2024 at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) due to the April 22, 2024 announcement that Matterport has entered into a definitive agreement to be acquired by CoStar Group, Inc. Due to the pending transaction, Matterport will not be providing quarterly financial guidance.

The price of Matterport Inc (Nasdaq: MTTR) is up a whopping 175% today, to trade at a new high of $4.80 per share. On April 22nd, Matterport stock opened at a price of $4.05 – a quantum leap up from its Friday 19th closing price of $1.74.

In today's market, Matterport (NASDAQ: MTTR ) is one of the biggest movers investors are watching, with MTTR stock surging more than 200% at today's highs. The stock has come off of its daily high as of early afternoon trading but continues to see an abnormal number of shares trade hands, with more than 55 million shares of MTTR stock traded as of 2 p.m.

Matterport shares have been under pressure for most of the year, but CoStar sees value at these levels. The real estate data provider has agreed to acquire Matterport at a massive premium in a cash and stock deal

Matterport shares surged almost 180% after it was revealed the spatial data company is being acquired by CoStar Group Inc (NASDAQ:CSGP) to bolster its digital real estate offering. The companies said on Monday that CoStar will acquire Materport in a cash and stock transaction valued at $5.50 per share, representing an enterprise value of $1.6 billion.

A huge buyout is taking place with Matterport today.

SUNNYVALE, Calif., April 19, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it will release its first quarter 2024 financial results on Monday, May 6, 2024, after market close. Matterport management will host a conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the financial results. The dial-in number will be (412) 902-4209, conference ID: 10188117.