Is CoStar Group (CSGP) Attractive After A 57% Twelve Month Share Price Decline?
- If you are wondering whether CoStar Group at around US$33.89 is starting to look like value or still overpriced, the key is to understand what the current share price actually reflects.
- The stock is roughly flat over the last 7 days at up 0.1% and up 3.4% over the last 30 days, but the longer term picture is much weaker with the share price down 48.4% year to date and down 57.1% over the last 12 months.
- These declines sit against a backdrop of ongoing attention on CoStar Group’s role in real estate data and online property marketplaces, as investors reassess what they are willing to pay for companies in this space. Market focus has revolved around how much they should pay for growth and acquisitions in real estate technology, which…
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