CoStar Group is acquiring Matterport, but shares of the lidar technology company trade significantly below its expected buyout price. CoStar Group (CSGP 0.28%), the parent company of Apartments.com and Homes.com, announced its intention to acquire Matterport (MTTR), a virtual tour software platform, for an enterprise value of $1.6 billion. CoStar management believes the deal will go through before the end of 2024, but it still needs to pass shareholder and regulatory hurdles. As a result, the proposed acqui ...

Amid rampant market hype, many high-profile companies with solid growth rates are seeing strong uptake from investors. But that's not to say all growth stocks are seeing the same sort of enthusiasm from investors. There are plenty of overlooked growth stocks with robust fundamentals that go unnoticed, presenting lucrative investment prospects across various sectors. Zoom Video (ZM) As the pandemic's ultimate star in the video conferencing space, Zoom Video (NASDAQ:ZM) has certainly become a hot name in the ...

SUNNYVALE, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), announced the launch of avoided emissions reporting for select enterprise customers, measuring the emissions savings associated with the use of Matterport's digital twin platform. Developed with independent carbon accounting experts, the reports enable enterprise customers to understand the impact of emissions avoided by collaborating remotely instead of traveling to inspect facilities onsite. There has been a growing expect ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q ____________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 001-39790 ____________________ ...

Matterport, Inc. (MTTR) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced a loss of $0.04, delivering no surprise.Over the last four quarters, the company has surpassed consen ...

Exhibit 99.1 Matterport Announces First Quarter 2024 Financial Results SUNNYVALE, Calif. — May 6, 2024 — Matterport, Inc. (Nasdaq: MTTR) ("Matterport" or the "Company"), the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended March 31, 2024. "I'm pleased to announce our first quarter 2024 results, which reflect our continued success in driving efficient growth for the company," said RJ Pittman, Chairman and Chief Executi ...

The market expects Matterport, Inc. (MTTR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 6, 2024, might help the stock move higher if these key numbers are ...

The most recent trading session ended with Matterport, Inc. (MTTR) standing at $4.72, reflecting a +0.85% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 1.02%. Meanwhile, the Dow experienced a rise of 0.4%, and the technology-dominated Nasdaq saw an increase of 2.03%.Heading into today, shares of the company had gained 107.08% over the past month, outpacing the Business Services sector's loss of 5.04% and the S&P 500's loss of 3.15% in that time. ...

SUNNYVALE, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) ("Matterport" or the "Company"), the leading spatial data company driving the digital transformation of the built world, today announced that it will no longer hold its first quarter results conference call originally scheduled for Monday, May 6, 2024 at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) due to the April 22, 2024 announcement that Matterport has entered into a definitive agreement to be acquired by CoStar Grou ...

The price of Matterport Inc (Nasdaq: MTTR) is up a whopping 175% today, to trade at a new high of $4.80 per share.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.On April 22nd, Matterport stock opened at a price of $4.05 – a quantum leap up from its Friday 19th closing price of $1.74. Then, the stock soared to a high of $4.99 yesterday, before closing at $4.80.And that’s not all. In total, Matterport Inc has gained over 160% in its stock price in the ...