CoStar Group, Inc. (RLG.F)
| Previous close | 78.78 |
| Open | 79.60 |
| Bid | 78.96 x 3000 |
| Ask | 79.99 x 3000 |
| Day's range | 79.60 - 79.60 |
| 52-week range | 62.50 - 90.00 |
| Volume | |
| Avg. volume | 11 |
| Market cap | 33.027B |
| Beta (5Y monthly) | 0.83 |
| PE ratio (TTM) | 91.49 |
| EPS (TTM) | 0.87 |
| Earnings date | 23 Apr 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 102.10 |
Barrons.comCoStar Is All In on Home Listings. Earnings Will Tell the Story.
Commercial real estate giant CoStar Group is spending big on building its home sale listings site. CoStar hasn’t been shy about its ambitions in the residential real estate listings space. It launched its marketing campaign for Homes.com with a series of Super Bowl commercials starring Schitt’s Creek’s Dan Levy and Saturday Night Live’s Heidi Gardner.
Barrons.comCoStar Group Buys Spatial Property Data Company for $1.6 Billion
CoStar Group is acquiring Matterport a spatial property data company, for about $1.6 billion. CoStar, which provides online real estate information and marketplaces, will pay $5.50 a share—$2.75 in cash and $2.75 in stock—for Matterport which “pioneered the development of the first 3-D capture solution to deliver dimensionally accurate, photorealistic virtual tours or ‘digital twins’ for any type of property,” CoStar said in a statement about the deal. In Monday trading, Matterport shares soared 180% to $4.84 and CoStar stock gained 2.1% to $86.05.
- Reuters
UPDATE 3-CoStar to buy Matterport in $1.6 bln deal to boost digital real estate services
CoStar Group said on Monday it would buy Matterport in a cash-and-stock deal valued at $1.6 billion, as the real estate information provider looks to win listings and sell more properties by enhancing 3D virtual tours. The deal implies a per-share value of $5.50 and represents a premium of about 216% over Matterport's last close of $1.74. Shares of Matterport more than doubled to $4.72 and CoStar Group edged up about 0.8% at $84.90.
