Is Matterport Mttr Stock A Good Investment And How High Can It Go?

  • Whatsapp
banner 468x60

Had its price objective lifted by investment analysts at Morgan Stanley from $5.00 to $7.00 in a research report issued to clients and investors on Friday, MarketBeat.com reports. Morgan Stanley’s target price suggests a potential upside of 15.51% from the stock’s previous close. Matterport, Inc, a spatial data company, focuses on digitization and datafication of the built world. It offers Matterport digital twins, a 3D data platform to design, build, operate, promote, and understand spaces. The firm has a market cap of $1.63 billion, a P/E ratio of -3.80 and a beta of 2.05.

DCM International VI Ltd. bought a new stake in Matterport during the 4th quarter valued at $409,870,000. DE acquired a new position in shares of Matterport during the fourth quarter valued at approximately $233,768,000. Vanguard Group Inc. boosted its stake in Matterport by 171.4% during the 1st quarter. Vanguard Group Inc. now owns 11,882,193 shares of the company’s stock valued at $96,483,000 after purchasing an additional 7,504,573 shares in the last quarter. Wafra Inc. acquired a new stake in shares of Matterport in the fourth quarter valued at $102,274,000. Finally, State Street Corp boosted its stake in Matterport by 460.3% during the second quarter.

In the first quarter, Matterport reported an ARR of $55.2 million, which indicates that the company is making a breakthrough from a customer adoption standpoint. Based on MTTR’s current price, Matterport has a market capitalization of around $4.4 billion. Matterport expects revenue of $123 million in 2021 and $747.3 million in 2025, which means 2021 and 2025 price-to-sales multiples of 35.8x and 5.9x, respectively.

Matterports Stock Forecast

Several institutional investors have recently made changes to their positions in MTTR. Raised its stake in shares of Matterport by 400.0% during the 4th quarter. Now owns 1,875 shares of the company’s stock valued at $38,000 after purchasing an additional 1,500 shares during the period. Eaton Vance Management bought a new stake in shares of Matterport during the fourth quarter valued at about $62,000. ETF Managers Group LLC purchased a new stake in shares of Matterport in the fourth quarter worth about $66,000.

The firm’s 50 day moving average price is $4.30 and its 200 day moving average price is $5.96. Matterport has a 12 month low of $3.51 and a 12 month high of $37.60. The firm has a market capitalization of $1.71 billion, a PE ratio of -3.99 and a beta of 2.04. The firm has a fifty day simple moving average of $4.29 and a two-hundred day simple moving average of $6.01. Matterport’s spaces under management grew by 88 percent YoY to 4.9 million as of March 31, 2021. With 200 million spaces , the company thinks that it can generate $2.4 billion in ARR .

  • Raised its stake in shares of Matterport by 400.0% during the 4th quarter.
  • Matterport stock is rising and investors appear to be pleased with the deal.
  • Matterport has a 12 month low of $3.51 and a 12 month high of $37.60.
  • Wall Street hasn’t started covering Matterport stock, so there isn’t a consensus target price to look at right now.
  • If all goes well, Matterport could become a critical infrastructure company in the digitization of real estate, and MTTR stock might be a multibagger.
  • The firm has a market cap of $1.63 billion, a P/E ratio of -3.80 and a beta of 2.05.
  • Vanguard Group Inc. boosted its stake in Matterport by 171.4% during the 1st quarter.

Matterport expects to be EBITDA positive in 2024 and expects to post an EBITDA of $78.5 million in 2025, which would mean a 2025 EV-to-EBITDA multiple of 43.3x. Wall Street hasn’t started covering Matterport stock, so there isn’t a consensus target price to look at right now. First, at the current price, the stock is still trading 46 percent below its all-time high.

How High Can Matterport Stock Go?

The completion of the merger transaction means that investors who might have waited for the deal to be completed can now get in. This should boost the demand for Matterport stock and lift its price. Matterport is matterport a good stock stock is rising and investors appear to be pleased with the deal. The company’s expert board and an executive team led by CEO RJ Pittman have also boosted investors’ confidence in the stock.

is matterport a good stock

State Street Corp now owns 4,559,685 shares of the company’s stock valued at $16,688,000 after buying an additional 3,745,958 shares in the last quarter. Institutional investors and hedge funds own 41.53% of the company’s stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Matterport from $9.00 to $7.00 in a research note on Wednesday, May 11th. Piper Sandler boosted their price target on Matterport from $5.00 to $7.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Morgan Stanley raised their price objective on Matterport from $5.00 to $7.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Wedbush lowered Matterport from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $10.00 to $6.00 in a research note on Tuesday, May 3rd.

Matterport Nasdaq:mttr Pt Raised To $7 00 At Morgan Stanley

On July 29, Matterport announced a partnership and investment in technology company SIMLAB. SIMLAB focuses on the digitization of buildings across the design and construction phases. SIMLAB also creates software toolkits to assist engineering, construction, and architecture teams in communicating effectively at all project stages.

Institutional Investors Weigh In On Matterport

Mystic Asset Management Inc. bought a new position in shares of Matterport in the fourth quarter valued at approximately $72,000. Finally, Emfo LLC purchased a new position in Matterport during the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 41.53% of the company’s stock. Several other equities research analysts also recently issued reports on MTTR.

Piper Sandler upped their price target on Matterport from $5.00 to $7.00 and gave the stock an “overweight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Matterport from $9.00 to $7.00 in a report on Wednesday, May 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.14. Large investors have recently made changes to their positions in the company.

As part of its merger with GHVI, Matterport received around $605 million in net cash proceeds to pursue its growth plans. The amount includes about $310 million in cash held by SPAC in trust and an additional https://xcritical.com/ $295 million in PIPE at $10 per share. If all goes well, Matterport could become a critical infrastructure company in the digitization of real estate, and MTTR stock might be a multibagger.

banner 300x250

Pos terkait