Matterport: Deal Premium Creeping Up, Still Not Enticed [Seeking Alpha]
Matterport, Inc. - Class A (MTTR)
Company Research
Source: Seeking Alpha
The CoStar deal values Matterport at $2.1 billion, with $2.75 cash and $2.63 shares, providing a current 35% premium to shareholders. Matterport has up to 50% downside risk on small likelihood of the merger not closing. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More » Matterport, Inc. NASDAQ: MTTR ) recently fell off investors radars following a buyout agreement with CoStar Group CSGP ). Oddly, though, the stock has slumped to where the deal now offers a large premium and appears to signal the risks of the deal closing is somehow rising. My investment thesis is still Neutral on the stock, but the recent dip highlights the importance of dumping stocks before losing deal premium during the closing process. Big Deal Premium Back on April 22, Matterport agreed to a deal with CoStar Group at a transaction value of $5.50 per share for a stock trading below $2. The deal values the spa
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News
- Are Business Services Stocks Lagging Qifu Technology, Inc. (QFIN) This Year? [Yahoo! Finance]Yahoo! Finance
- Is Matterport (MTTR) Outperforming Other Business Services Stocks This Year? [Yahoo! Finance]Yahoo! Finance
- Matterport, Inc. (MTTR): The Best Small Cap AI Stock To Buy According to Short Sellers? [Yahoo! Finance]Yahoo! Finance
- Shapiro Haber & Urmy LLP Has Concluded That Legacy Matterport Shareholders May Have Valuable Claims Against Matterport, Inc.PR Newswire
- Matterport aims for sustainable packaging for all Pro3 cameras by 2025 [Yahoo! Finance]Yahoo! Finance
MTTR
Earnings
- 8/6/24 - Beat
MTTR
Sec Filings
- 9/16/24 - Form 4
- 9/16/24 - Form 4
- 9/6/24 - Form 4
- MTTR's page on the SEC website