MTTR Stock Recent News
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Matterport (MTTR) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
There's a 20% arbitrage opportunity for investors.
CoStar announced its intention to buy Matterport at a $1.6 billion enterprise value. Matterport stock is a merger arbitrage play, with its stock trading roughly 22% below its acquisition price.
Matterport, Inc. (MTTR) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.07 per share a year ago.
In the closing of the recent trading day, Matterport, Inc. (MTTR) stood at $4.51, denoting no change from the preceding trading day.
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.