The stock of the company is down despite its excellent financial returns. The reason could be linked to its employees speaking about its surveillance and humiliating them. Many former and current employees have spoken about it. The company’s stock is declining no matter how solid the financial results are.
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Who bought and sold CoStar Group stock?
Jul 28, 2021 · Shares of CoStar Group ( CSGP -3.10%) were down more than 6% this morning after the company reported earnings yesterday afternoon. Although the company raised revenue guidance for the full year ...
How bad are costar's earnings really?
Feb 23, 2022 · The stock of the company is down despite its excellent financial returns. The reason could be linked to its employees speaking about its surveillance and humiliating them. Many former and current employees have spoken about it. The company’s stock is declining no matter how solid the financial results are.
Is CoStar Group efficiently growing its net income?
Feb 23, 2022 · However, real estate data-technology leader CoStar Group (CSGP 2.56%) was having an awful day. Shares were down by 14% and declined so sharply at the open, they had to be temporarily halted.
When did CoStar Group split?
Jul 28, 2021 · What happened. Shares of CoStar Group (NASDAQ: CSGP) were down more than 6% this morning after the company reported earnings yesterday afternoon. Although the company raised revenue guidance for ...
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Jul 28, 2021 · Shares of CoStar Group (NASDAQ: CSGP) were down more than 6% this morning after the company reported earnings yesterday afternoon. Although the company raised revenue guidance for the full year ...
Why is CoStar stock falling?
The stock market was having a generally weak day on Wednesday, fueled by political fears and interest-rate uncertainties, with all three major averages firmly in negative territory at 3:30 p.m. ET.
Is CoStar a good stock to buy?
Is COSTAR GROUP Stock a good buy in 2022, according to Wall Street analysts? The consensus among 4 Wall Street analysts covering (NASDAQ: CSGP) stock is to Strong Buy CSGP stock.
Will CoStar Group stock go up?
The 11 analysts offering 12-month price forecasts for CoStar Group Inc have a median target of 77.00, with a high estimate of 97.00 and a low estimate of 65.00. The median estimate represents a +32.37% increase from the last price of 58.17.
Is CoStar a tech company?
CoStar Group Named One of the Fastest Growing Technology Companies for Eighth Consecutive Year.
Did CoStar stock split?
CoStar Group (NASDAQ:CSGP) has announced that its Board has approved and declared a ten-for-one split of CoStar Group's common stock in the form of a stock dividend. The Board set June 17, 2021 as the record date for the stock dividend.
When did CSGP stock split?
June 28, 2021CoStar Group, Inc (CSGP) has announced a 10 for 1 stock split. The Ex-distribution Date is June 28, 2021.
Is CoStar Group a publicly traded company?
CoStar Group was founded in 1987 by Andrew C. Florance in Washington, D.C. It was reportedly one of the first companies that digitized and aggregated property data, before the Internet was widely available. In 1998, the company became a public company via an initial public offering on the NASDAQ, raising $22.5 million.
Is Costar a Chinese company?
Company Information Costar Group Co., Ltd., formerly Lida Optical & Electronic Co., Ltd., is a China-based company principally engaged in the research, development, design, manufacture, processing and sales of optical parts and components.
What happened
Shares of CoStar Group (NASDAQ: CSGP) were down more than 6% this morning after the company reported earnings yesterday afternoon.
So what
The reduced guidance is especially disconcerting after management raised its projections during its first-quarter update. For now, CoStar management deserves the benefit of the doubt. The purchase of Homes.com was a follow-up to CoStar's acquisition of Homesnap, a tool for managing workflow and marketing.
Now what
Along with the long-term business performance, shares delivered 1,380% gains over the the past decade. That's no consolation for recent shareholders. The stock has trailed the broader indexes so far this year.
Is CoStar Group a buy right now?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CoStar Group stock.#N#View analyst ratings for CoStar Group or view top-rated stocks.
What stocks does MarketBeat like better than CoStar Group?
Wall Street analysts have given CoStar Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but CoStar Group wasn't one of them.
Are investors shorting CoStar Group?
CoStar Group saw a decrease in short interest in the month of August. As of August 13th, there was short interest totaling 4,120,000 shares, a decrease of 36.9% from the July 29th total of 6,530,000 shares.
When is CoStar Group's next earnings date?
CoStar Group is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.#N#View our earnings forecast for CoStar Group.
How were CoStar Group's earnings last quarter?
CoStar Group, Inc. (NASDAQ:CSGP) posted its quarterly earnings data on Monday, July, 26th. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The technology company had revenue of $480.33 million for the quarter, compared to the consensus estimate of $469.88 million.
How has CoStar Group's stock been impacted by Coronavirus (COVID-19)?
CoStar Group's stock was trading at $6.5135 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CSGP stock has increased by 1,233.2% and is now trading at $86.84.#N#View which stocks have been most impacted by COVID-19.
When did CoStar Group's stock split? How did CoStar Group's stock split work?
Shares of CoStar Group split on the morning of Monday, June 28th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly created shares were issued to shareholders after the closing bell on Friday, June 25th 2021. An investor that had 100 shares of CoStar Group stock prior to the split would have 1,000 shares after the split.
The Apartments.com parent company grew sales despite the coronavirus, and plans to keep on doing that all year long
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of online real estate information and analytics company CoStar Group ( NASDAQ:CSGP) are getting a big lift this morning after the company reported Q2 earnings Tuesday. As of 11:19 a.m. EDT today, the stock was up more than 12%.
So what
Actual GAAP income for the quarter wasn't as good as the pro forma number: just $1.60 per share, and down 7.5% year over year. Still, coronavirus or not, CoStar managed to grow its revenue 16% year over year in Q2, including at least one record sales month in the quarter.
Now what
Management did not give GAAP guidance for earnings, saying only that its pro forma profits will range from $2 to $2.10 in Q3, and from $9.22 to $9.42 for the full year.
The company snatched a major player in the apartment listings market out of bankruptcy
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of commercial real estate data and analytics company CoStar Group ( NASDAQ:CSGP) got a big lift this morning, rising more than 10% in early trading. The stock was still up about 9.6% as of 11:35 a.m. EST on Wednesday.
So what
CoStar will pay $588 million in cash to acquire RentPath's business, which includes the Rent.com, ApartmentGuide.com, and Rentals.com websites. The sites list approximately 28,000 properties and attracted 21 million monthly visits and almost 9 million monthly unique visitors in 2019.
Now what
CoStar, with its $1.2 billion in net cash on the balance sheet and powerful cash-generating business ($413 million in free cash flow over the past year), has the money to make those needed investments, and combined with synergies with its own business, believes it can do better.