Matterport downgraded by Piper Sandler with a new price target
$MTTR
Computer Software: Prepackaged Software
Technology
Piper Sandler downgraded Matterport from Overweight to Neutral and set a new price target of $2.00 from $4.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/11/2024 | $3.50 | Outperform | Northland Capital |
| 1/19/2024 | Neutral | BTIG Research | |
| 10/23/2023 | $4.00 → $2.00 | Overweight → Neutral | Piper Sandler |
| 1/23/2023 | $5.00 → $3.00 | Buy → Hold | Deutsche Bank |
| 8/17/2022 | Peer Perform | Wolfe Research | |
| 5/3/2022 | $10.00 → $6.00 | Outperform → Neutral | Wedbush |
| 4/19/2022 | $9.00 | Equal-Weight | Morgan Stanley |
| 2/17/2022 | $29.00 → $23.00 | Outperform | Credit Suisse |
CoStar Group and Matterport to deepen their focus in AI, computer vision, and machine learning, advancing property insights and driving the growth of digital twin technology across the global commercial and residential real estate sector CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today the successful completion of its previously announced acquisition of Matterport, Inc. (NASDAQ:MTTR), the global leader in 3D digital twin technology. This powerful combination brings together two industry pioneers to accelerate the adoption of AI-driven digital twin technology across the global real e
Record full year subscription revenue of $99.6 million, up 14% year-over-yearQ4 annualized recurring revenue (ARR) grows to $104.2 millionRecord full year total revenue of $169.7 millionTotal subscribers grew to 1.2 million, up 23% year-over-year SUNNYVALE, Calif., Feb. 26, 2025 (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 financial results for the quarter and year ended December 31, 2024. "I'm pleased to share our fourth quarter and full year 2024 results, highlighting our continued success driving efficient growth while doubling down on innovat
SUNNYVALE, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), a pioneer in digital twin technology and spatial data capture, is redefining what's possible in property marketing and management with its 2025 Winter Release. Packed with powerful new features, AI-driven automation, and workflow-enhancing tools, this release transforms how real estate professionals, designers, and facilities managers capture, market, and manage spaces—unlocking new levels of speed and efficiency. The latest features in the 2025 Winter Release: Productivity Multiplied set a new standard for the digital transformation of the built world, empowering customers to work smarter, move faster,
Record full year subscription revenue of $99.6 million, up 14% year-over-yearQ4 annualized recurring revenue (ARR) grows to $104.2 millionRecord full year total revenue of $169.7 millionTotal subscribers grew to 1.2 million, up 23% year-over-year SUNNYVALE, Calif., Feb. 26, 2025 (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 financial results for the quarter and year ended December 31, 2024. "I'm pleased to share our fourth quarter and full year 2024 results, highlighting our continued success driving efficient growth while doubling down on innovat
Record total revenue of $43.8 million, up 8% year-over-year Q3 annualized recurring revenue crosses $100 million milestone, up 11% year-over-year Net loss improved 14% year-over-year; Non-GAAP net loss improved 80% year-over-year Total subscribers grew to 1.1 million, up 25% year-over-year Square feet under management reached 47.3 billion, up 34% from prior year SUNNYVALE, Calif., Nov. 12, 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 financial results for the quarter ended September 30, 2024.
Annualized Recurring Revenue hits record $96.6 million, up 16% year-over-year Cash used in operating activities for the first half of 2024 improved 64% year-over-yearTotal subscribers grew to 1.06 million, up 28% year-over-yearSquare feet under management reached 44.0 billion, up 33% from prior year SUNNYVALE, Calif., Aug. 06, 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 financial results for the quarter ended June 30, 2024. "I'm pleased to announce our second-quarter 2024 results, which underscore our ongoing success in driving efficient gr
Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the appointment of James ("J.D.") Fay to its board of directors. Mr. Fay will also serve as a member of the board's audit committee. Mr. Fay, who currently serves as Chief Financial Officer at Matterport, Inc. (NASDAQ:MTTR), brings over two decades of financial strategy and operational expertise to Mitek, having played a key role in scaling technology companies from early growth stages to IPO and acquisition. "We are thrilled to welcome J.D. to our board and believe his extensive experience in financial strategy and guiding companies through growth and t
SUNNYVALE, Calif., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) today announced the appointment of Natalie Lamb as Managing Director of EMEA, effective immediately. In this role, Lamb will be responsible for overseeing Matterport's strategic growth in enterprise and SMB segments and expanding Matterport's strategic partnerships in EMEA. "I'm eager to bring Natalie onto the team at such an important time for Matterport's business in EMEA," said Jay Remley, Chief Revenue Officer, Matterport. "Natalie brings decades of software leadership experience and deeply understands how to build trusted relationships with customers and partners. We already have great momentum in EME
SUNNYVALE, Calif., July 11, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. ("Matterport") (NASDAQ:MTTR), the leading enterprise and real estate digital twin company driving the digital transformation of the built world, today announced the appointment of Susan Repo to the Matterport board of directors, effective July 11, 2022. Ms. Repo will also serve as chair of the audit committee of the board. Following the appointment of Ms. Repo, the board will be comprised of five directors, four of whom are independent. "We are pleased to welcome Susan to the Matterport board," said RJ Pittman, Chairman and Chief Executive Officer of Matterport. "Susan's deep experience in technology and managing global
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Northland Capital initiated coverage of Matterport with a rating of Outperform and set a new price target of $3.50
BTIG Research initiated coverage of Matterport with a rating of Neutral
Piper Sandler downgraded Matterport from Overweight to Neutral and set a new price target of $2.00 from $4.00 previously
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