CoStar Group, Inc. (NASDAQ:CSGP) has been experiencing a mix of fortunes in the stock market. Portfolios like
Cobblestone Capital Advisors and
Rhumbline Advisers have reduced their CSGP holdings while
North Star Asset Management Inc., Van ECK Associates Corp, and
Equitable Trust Co. have increased their stakes.
Versor Investments LP and
SlateStone Wealth LLC have also purchased shares. Various analysts continue to hold a bullish outlook with some, like JMP Securities, endorsing the company's ability to manage its debt responsibly. CoStar Group’s Real Estate Portal is also seen as a significant driver for future growth. \\n\\n
Q2 Earnings for CoStar Group reportedly topped estimates while revenues increased year-over-year, and net new bookings marked at $67 Million. The company announced that
Chris Lown is the new Chief Financial Officer, and it plans to acquire
Matterport, a leader in 3D Digital Twins and AI for Real Estate. There is also an executive appointment and stock incentives announced. \\n\\nThe appointment of
Rich Simonelli as Head of Investor Relations and
Cyndi Eakin as Chief Accounting Officer was recently announced. However, the balance of the year seems challenging for the company due to weak property demand.
Costar Group CSGP News Analytics from Mon, 09 Oct 2023 07:00:00 GMT to Sun, 08 Sep 2024 13:46:00 GMT -
Rating 7
- Innovation 7
- Information 8
- Rumor 4
