Loop Capital Markets analyst Yun Kim maintained a Buy rating on Matterport (MTTR – Research Report) today and set a price target of $5.00. The company’s shares closed yesterday at $2.54.
Kim covers the Technology sector, focusing on stocks such as Microsoft, Salesforce, and Zscaler. According to TipRanks, Kim has an average return of 20.5% and a 65.18% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Matterport with a $4.00 average price target.
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The company has a one-year high of $3.78 and a one-year low of $1.84. Currently, Matterport has an average volume of 2.12M.
Based on the recent corporate insider activity of 65 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 December 2023, Japjit Tulsi, the CTO of MTTR sold 66,949.00 shares for a total of $180,092.81.
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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, Inc. Earnings Report: Is it a Beat?
- Matterport Consolidates Financial Disclosures for Investors
- Matterport Announces Fourth Quarter and Full Year 2023 Financial Results Demonstrating Strong Recurring Revenue Growth and Reaffirms 2024 Profitability Target
- Matterport launches Property Intelligence AI-powered features
- Matterport Launches Property Intelligence: Transforming Real Estate and Property Management with AI and Automation
