This Technology Company Is Being Acquired at a Shocking 207% Premium -- and These 2 Stocks Could Be Next [Yahoo! Finance]
Matterport, Inc. - Class A (MTTR)
Company Research
Source: Yahoo! Finance
and many other applications, has agreed to be acquired by real estate giant CoStar (NASDAQ: CSGP) The terms of the deal were quite favorable for Matterport investors. CoStar values the company at $5.50 per share, half of which will be paid in cash and half paid in CoStar stock. This represents a massive 207% premium over Matterport's most recent closing price. Here's a key point that investors need to know: Matterport isn't the only cash-rich former SPAC that has an excellent product, but for one reason or another there is uncertainty about its ability to reach profitability as a stand-alone business. Two others that I believe could follow the same path in the not-too-distant future are neighborhood social media platform Nextdoor (NYSE: KIND) and genetics company 23andMe (NASDAQ: ME) Nextdoor has a massive user base, but profitability remains a concern In many ways, neighborhood-focused social media platform Nextdoor is an impressive business. It ended 2023 with nearly 42 mill
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MTTR
News
- CoStar Group: Strong Growth Momentum [Seeking Alpha]Seeking Alpha
- Matterport, Inc. (MTTR) Flat As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- BMO Accelerates Branch Transformation at More Than 500 Locations Nationwide Using Matterport Digital Twins [Yahoo! Finance]Yahoo! Finance
- BMO Accelerates Branch Transformation at More Than 500 Locations Nationwide Using Matterport Digital TwinsGlobeNewswire
- Cord-Cutting 2.0: Cause for Worry? [Yahoo! Finance]Yahoo! Finance
MTTR
Earnings
- 2/20/24 - Beat
MTTR
Sec Filings
- 5/2/24 - Form 4
- 5/1/24 - Form 144
- 4/26/24 - Form 425
- MTTR's page on the SEC website