CoStar Group ( (CSGP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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CoStar Group’s stock movement is influenced by a mixed reaction to its recent Q3 earnings report. While the company reported a 20% increase in revenue, thanks to growth in Homes.com and successful acquisition integrations, some analysts have adjusted their price targets. This adjustment comes amid concerns over soft apartment bookings and insider selling activity. Despite the strong financial performance, the overall sentiment is tempered by operational and valuation concerns.
More about CoStar Group
YTD Price Performance: 10.45%
Average Trading Volume: 2,772,902
Technical Sentiment Signal: Hold
Current Market Cap: $33.14B
For further insights into CSGP stock on TipRanks’ Stock Analysis page.
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