Kayne Anderson Rudnick Investment Management and
Edgestream Partners L.P. have invested millions in the
CoStar Group (CSGP), while
Seven Eight Capital LP has bought over 56,499 shares alongside other significant purchases from multiple companies. The company's shares slid due to market challenges, however, it retains a
Buy rating from Needham and remains undervalued. CoStar's
earnings and revenues surpassed Q2 estimates and their
revenue increased by 12% in the second quarter of 2024. They also achieved a record of 183 million monthly average unique visitors. They are set to acquire
Matterport, an industry leader in immersive 3D digital twins and AI for real estate, thus potentially introducing a disruptive opportunity worth $2B in incremental revenue. Their
Homes.com venture reports successful monetization, hitting 149M unique visitors and accelerating net new bookings to $86M. Furthermore, they project an optimistic outlook for meeting financial targets, despite stock fluctuations. Their insider sale indicates stock movements by company officials but is balanced with significant investor interest and investment boosts from various institutions.
Costar Group CSGP News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Sun, 22 Sep 2024 14:01:28 GMT -
Rating 6
- Innovation 8
- Rumor 2
