Matterport (NASDAQ:MTTR) Shares Down 8.3%

Matterport Inc (NASDAQ:MTTR) traded down 8.3% on Monday . The company traded as low as $20.35 and last traded at $20.41. 42,336 shares traded hands during trading, a decline of 98% from the average session volume of 2,089,049 shares. The stock had previously closed at $22.25.

A number of equities analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Matterport from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, September 10th. Credit Suisse Group assumed coverage on shares of Matterport in a research note on Monday, August 23rd. They set an “outperform” rating and a C$20.00 target price for the company. Wedbush assumed coverage on shares of Matterport in a research report on Tuesday, August 17th. They set an “outperform” rating and a $22.00 price target for the company. Finally, Loop Capital assumed coverage on shares of Matterport in a research report on Monday, August 16th. They set a “buy” rating and a $20.00 price target for the company.

About Matterport (NASDAQ:MTTR)

Matterport Inc is a spatial data company driving the digital transformation of the built world. Matterport Inc, formerly known as Gores Holdings VI, is based in SUNNYVALE, Calif.

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