Piper Sandler analyst Brent Bracelin maintained a Hold rating on Matterport (MTTR – Research Report) today and set a price target of $2.50. The company’s shares closed yesterday at $2.12.
According to TipRanks, Bracelin is a 3-star analyst with an average return of 1.5% and a 44.65% success rate. Bracelin covers the Technology sector, focusing on stocks such as Microsoft, Freshworks, and Adobe.
The word on The Street in general, suggests a Hold analyst consensus rating for Matterport with a $4.38 average price target.
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MTTR market cap is currently $662.7M and has a P/E ratio of -2.70.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTTR in relation to earlier this year. Most recently, in September 2023, Raymond Pittman, the CEO of MTTR sold 273,720.00 shares for a total of $714,409.20.
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Matterport (MTTR) Company Description:
Matterport, Inc. is a spatial data company. Its AI-based platform allows users to create a 3D digital representation of any built space. The “digital twin” images it produces are useful for a wide range of industries, including real estate, hospitality, insurance, facilities management, construction, engineering and architecture. The company is headquartered in Sunnyvale, California.
Read More on MTTR:
- Matterport Announces Third Quarter 2023 Financial Results Above Guidance, Raises 2023 Outlook
- Options Volatility and Implied Earnings Moves Today, November 06, 2023
- MTTR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- “Sitzer/Burnett” Verdict Underscores Fundamental Transformation of U.S. Real Estate Industry
- UPDATE – Matterport Wins Best SaaS Product for Real Estate & Property Management
