CoStar Group Inc. ("CSGP") is a notable force in the market with a range of developments in recent times. Firstly, the company's financial performance for Q2 and Q3 received attention. It surpassed earnings and revenue estimates, experienced a revenue increase of 12% year-on-year, and net new bookings reached $67 million. Q3 key metrics indicate solid earnings, and the company announced plans to report financial results for Q3 next. Investors have shown strong confidence, with purchases by Sumitomo Mitsui DS Asset Management, nVerses Capital, Sapient Capital, and Foster Victor Wealth Advisors, among others. The stock's performance achieved impressive returns of 32% over the past five years. CoStar Group also made big moves like acquiring
Matterport, a global leader in immersive 3D digital twins and AI for the real estate industry. The company's real estate portal and Homes.com platform drew significant interest; the latter even set a record for net new bookings. Among personnel shifts,
Scott Wheeler announced retirement plans while
Rich Simonelli and
Cyndi Eakin were appointed new roles, and CEO
Andy Florance was named a 2024 Tech Titan by Washingtonian Magazine.
Costar Group CSGP News Analytics from Sat, 11 Nov 2023 08:00:00 GMT to Sat, 19 Oct 2024 09:35:51 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor 5
