A director at Costar Group Inc sold 5,500 shares at 79.880USD and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...
Moody's Ratings ("Moody's") today affirmed CoStar Group, Inc.'s ("CoStar") Baa3 senior unsecured rating. The outlook remains stable. Governance, CoStar's prudent financial policy in particular, is a key driver of today's action. Moody's believes that the company's financial metrics will remain con...
The independent financial analyst theScreener just requalified the general evaluation of COSTAR GP. (US), active in the Internet industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date January 7, 2022, the closing pri...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CoStar Group, Inc.. Global Credit Research- 07 May 2021. New York, May 07, 2021-- Moody's Investors Service has completed a periodic review of the ratings of CoStar Group, Inc. and other ratings that are associated with the same analytical unit.
WASHINGTON--(BUSINESS WIRE)-- Today, CoStar Group, Inc. (NASDAQ: CSGP) announced that it has withdrawn its bid to acquire CoreLogic and terminate any further acquisition discussions. CoStar Group believes rising interest rates will negatively impact the outlook for the mortgage refinancing market. Accordingly, these rising interest rates have caused valuations for residential property technology companies to decline significantly in recent weeks, which has changed CoStar’s view of the value of CoreLogic. “With interest rates moving up, now is not the time for us to aggressively buy into the re...
WASHINGTON--(BUSINESS WIRE)-- Today, CoStar Group, Inc. (NASDAQ: CSGP) delivered a letter to the Board of Directors of CoreLogic (NYSE: CLGX) setting forth the terms of a revised proposal by CoStar Group to acquire 100% of the equity interests of CoreLogic. Under the terms of the new proposal, CoreLogic shareholders would receive $6.00 per share in cash and 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of approximately $90 per share based on CoStar Group’s closing share price on February 26, 2021 and approximately $97 per ...
WASHINGTON--(BUSINESS WIRE)-- Today, CoStar Group, Inc. (NASDAQ: CSGP) delivered a letter to the Board of Directors of CoreLogic (NYSE: CLGX) setting forth the terms of a superior proposal by CoStar Group to acquire 100% of the equity interests of CoreLogic. Under the terms of the proposal, CoreLogic shareholders would receive 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of approximately $95.76 per share based on CoStar Group’s closing share price on February 12, 2021. CoStar’s proposal represents 16.2% pro forma diluted ...
CSGP currently trades well above corporate averages relative to Uniform earnings, with a 90.0x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to grow considerably from 44% in 2019 to 113% through 2024, accompanied by 14% Uniform asset growth going forward. Analysts have more bearish expectations, projecting Uniform ROA to fall to 40% in 2021, accompanied by 2% Uniform asset growth. Furthermore, management appears concerned about Apartments.com, LoopNet, and g...
CoStar Group, Inc. (CSGP:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 77.3x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may be concerned about the potential of Apartments.com, LoopNet revenue, and their growth drivers Specifically, management may lack confidence in their ability to sustain revenue growth, grow LoopNet revenues going forward, and maintain low cancellation rates. In addition, they ...
Rating Action: Moody's assigns Baa3 rating to CoStar's proposed senior unsecured notes offering; stable outlook. Global Credit Research- 24 Jun 2020. New York, June 24, 2020-- Moody's Investors Service assigned a first time Baa3 rating to CoStar Group, Inc's proposed senior unsecured notes offering.
Rating Action: Moody's assigns Baa3 rating to CoStar's proposed senior unsecured notes offering; stable outlook. Global Credit Research- 24 Jun 2020. New York, June 24, 2020-- Moody's Investors Service assigned a first time Baa3 rating to CoStar Group, Inc's proposed senior unsecured notes offering.
SNX currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 17.4x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to fall from 12% in 2018 to 6% in 2023, accompanied by 13% Uniform Asset growth going forward. However, analysts have more bullish expectations, projecting Uniform ROA to expand to 13% by 2020, accompanied by 11% Uniform Asset growth. Meanwhile, management is confident about their Hyve revenue targets, EPS guida...
CoStar Group, Inc. (CSGP:USA) currently trades well above corporate averages relative to UAFRS-based (Uniform) Earnings, with a 74.1x Uniform P/E. At these levels, the market has bullish expectations for the firm, and management is excited about their search tools, and confident about their growth and Apartments.com Specifically, management generated an excitement market when saying they are producing the most powerful tools the industry has ever seen. In addition, they are confident they had 1...
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