2Q saw a 5.8% decline in CoStar Group's shares due to institutional investors adjusting their stakes.

2Q saw a 5.8% decrease in CoStar Group's (NASDAQ:CSGP) shares, with institutional investors like Norges Bank, Janus Henderson Group PLC, Capital International Investors, Capital Research Global Investors, and Westfield Capital Management Co. LP adjusting their stakes. CoStar, which offers services to the commercial real estate, hospitality, residential, and related industries, reported a $0.06 EPS beat on a $0.09 consensus estimate, reaching $0.15 EPS. The stock currently has a consensus "Moderate Buy" rating and a $96.38 target price.

August 17, 2024
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