Matterport ( MTTR 3.25% ), a developer of 3D spatial mapping tools, went public by merging with a special purpose acquisition company (SPAC) in late July. Its stock opened at $14.42 per share on the first day, and more than doubled over the following four months to about $32 today.
Similarly, Why is Matterport stock dropping?
This decline is probably due in part to market dynamics (investors have been rotating out of interest-rate-sensitive growth stocks ahead of expectations of rising rates in 2022), and also due in part to what was an overdone run-up in the months that followed the stock’s debut on the Nasdaq.
Who owns Matterport stock? Top 10 Owners of Matterport Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 1.53% | 4,282,666 |
| Senator Investment Group LP | 1.25% | 3,500,000 |
| BlackRock Fund Advisors | 1.16% | 3,248,444 |
| Morgan Stanley Investment Managem… | 0.89% | 2,491,555 |
Thereof, What kind of stock is Matterport?
Class A Common Stock (MTTR)
Is Matterport worth investing in?
Matterport Stock’s Huge Runway
Matterport currently earns about $1.50 in revenue per space per month. At that rate, Matterport’s long-term revenue opportunity is $360 BILLION — versus just $111 million reported in 2021. Indeed, the long-term growth runway at Matterport is very promising.
Is Matterport stock a SPAC?
CNBC’s Jim Cramer on Thursday highlighted a trio of post-SPAC merger stocks that he believes are actually worth owning. The companies are Matterport, Open Lending and Blue Owl Capital. The “Mad Money” host has long been critical of special purpose acquisition companies.
Is Matterport a buy 2022?
Matterport stock has been beaten down in 2022, and the Q4 report has accelerated the decline. Matterport’s transition to a subscription model should pay off eventually, thanks to its high-margin nature.
Is Matterport a buy Zacks?
How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
…
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Is Matterport inc profitable?
During 2021’s fourth quarter (Q4), Matterport’s total subscriber count increased 98% year-over-year to 503,000. Consequently, the company’s Q4 2021 subscription revenue grew 32% year-over-year to $16.5 million. Overall, there is no denying that Matterport is making money.
What is Matterport merging with?
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July 22 (Reuters) – Matterport Inc, a Silicon Valley firm whose 3D cameras and software power three-dimensional virtual tours of real estate listings, on Thursday said that it had raised $605 million in a merger with blank check firm Gores Holdings VI (GHVI.
When did Matterport go public?
Spatial data company Matterport (NASDAQ: MTTR) officially completed its SPAC merger with Gores Holdings VI on Thursday and officially began trading on the Nasdaq on Friday, July 23.
Does Cathy Wood own Matterport?
We recently learned that the fund added a stake in spatial-data company Matterport ( MTTR -4.89% ) to its portfolio, buying over 530,000 shares on Monday, so here’s an overview of what Matterport does, how it ties in with Ark’s metaverse investment strategy, and how much potential this innovative business could have.
Where will Matterport stock be in 5 years?
During its most recent investor day, Matterport projected $747 million in annual sales by 2025, which would represent a CAGR of 59 percent between 2019 and 2025. It also expects its gross margin to rise from 48 percent to 73 percent during the same time period’s.
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Matterport Stock Forecast 2025.
| Calendar date | Regular |
|---|---|
| 2025 January 01, Wednesday | 131.174 |
16 févr. 2022
Is Matterport a dividend stock?
MATTERPORT (NASDAQ: MTTR) does not pay a dividend.
Can I buy metaverse stock?
Like other stocks, an investor can buy metaverse stocks through a brokerage. If you’re new to investing, a financial advisor can help you navigate choosing investments and executing trades.
Is Matterport overvalued?
Is Matterport overvalued? According to Wall Street analysts Matterport’s price is currently Undervalued.
Is FB a Buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
…
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Is MTTR a buy?
Among 6 analysts polled, MTTR stock has an average “buy” rating. The consensus of these analysts for the 12-month median price target stands at $27, implying upside potential of nearly 240% from current levels. The 12-month price estimates currently range between $14 and $38.
Is Matterport working with Meta?
But consider that Matterport already has a partnership with Meta Platforms (NASDAQ:FB) which is committing $10 billion into the metaverse. The co-founder of Penumbra Inc., a global healthcare company focused on innovative therapies, shares his top tips, gleaned from decades spent redefining healthcare.
Does Matterport have competition?
Answer: Matterport has competitors in the virtual tours marketplace. These include different market players offering 3D imaging technologies to various clients. Some of its top competitors include VPix, TicketyView, AutoCAD, and Zillow.
Is SoFi a buy?
SoFi Technologies stock is a buy because the company will deliver strong revenue growth thanks to its member growth and vertically integrated platform, BofA said Friday. Analyst Mihir Bhatia initiated coverage on the financial services platform on Friday with a Buy rating and a price target of $17.
Is Matterport a US company?
Matterport is located in Sunnyvale, California, United States .
Is MTTR a SPAC?
Spatial data company Matterport (NASDAQ:MTTR) went public in July following a special-purpose acquisition company (SPAC) merger with Gores Holdings VI. Matterport received $605 million in total cash in this SPAC deal, including $310 million from Gores Holdings VI and $295 million from other institutional investors.
When can I buy MTTR stock?
Purchase Tips
When submitting your order, you may choose to buy shares of Matterport at the market price with a market order or at a set price using a limit order. Market order: Buy the stock immediately at its current price. Limit order: Buy the stock only once it reaches your target price.
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