Y Combinator alum Matterport is being bought by real estate juggernaut Costar at a 212% premium [TechCrunch]
Matterport, Inc. - Class A (MTTR)
Company Research
Source: TechCrunch
Digital twin platform Matterport has agreed to be acquired by one of its customers, Costar , in a cash-and-stock deal of $5.50 per share that gives it an enterprise valuation of about $1.6 billion. Matterport's tech helps companies create digital replicas of physical spaces. Costar's offer represents a premium of a whopping 212% over Matterport's last closing share price before the deal was announced on April 22. The deal looks like a fortunate turn of events for Matterport, whose shares had been trading below the $5 mark since August 2022 as the company struggled to meet investors' expectations for subscriber growth amid a sluggish real estate market and a wider macroeconomic slowdown. Matterport's stock was trading below $2 per share before the transaction was disclosed. The company has been trying to improve its profitability over the past year, too, according to its 2023 financial statements. However, investors haven't been happy with the company, whose shares have been str
Show less
Read more
Impact Snapshot
Event Time:
MTTR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MTTR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MTTR alerts
High impacting Matterport, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
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