CoStar Group Second Quarter 2021 Revenue Increases 21% Year-over-Year, Visitors to CoStar Group Marketplaces up over 45% Year-over-Year
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Go back to CoStar Group Second Quarter 2021 Revenue Increases 21% Year-over-Year, Visitors to CoStar Group Marketplaces up over 45% Year-over-Year
July 28, 2021 8:53 AM EDT
Needham & Company analyst Mayank Tandon lowered the price target on CoStar Group (NASDAQ: CSGP) to $105.00 (from $110.00) while maintaining a Buy rating.
The analyst commented, "CSGP posted solid 2Q results, beating estimates across the board. Net new sales were strong and came... More
July 27, 2021 4:17 PM EDT
Costar Group (NASDAQ: CSGP) reported Q2 EPS of $0.26, $0.03 better than the analyst estimate of $0.23. Revenue for the quarter came in at $480 million versus the consensus estimate of $470.58 million.
We saw incredibly strong performance across all of our businesses in the second quarter, with total revenue and profit ahead of forecast and the total numbers of visitors to our platforms up over 45% year-over-year, said Andrew C. Florance, Founder and Chief Executive Officer of CoStar Group. CoStar Group net new bookings in the second quarter of 2021 increased 47% over the second quarter of 2020 to $51 million. CoStar... More
