Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
CoStar Group ( (CSGP) ) has provided an announcement.
On May 9, 2025, CoStar Group entered into a binding Scheme Implementation Deed with Domain Holdings Australia Limited to acquire the remaining 83% of Domain’s shares it does not already own, for a total cash consideration of $4.43 AUD per share. This acquisition, valued at approximately $2.3 billion AUD, is subject to various approvals and conditions, including shareholder and court approvals, and is expected to significantly impact CoStar Group’s market positioning by expanding its presence in the Australian real estate market.
Spark’s Take on CSGP Stock
According to Spark, TipRanks’ AI Analyst, CSGP is a Neutral.
CoStar Group’s overall score reflects strong financial performance and positive earnings call insights, indicating a robust business foundation. However, a high valuation and challenging commercial real estate environment pose risks. Technical indicators suggest potential future appreciation, and recent corporate events signal a positive strategic direction.
To see Spark’s full report on CSGP stock, click here.
More about CoStar Group
CoStar Group is a company operating in the real estate industry, providing information, analytics, and online marketplaces for commercial real estate. Its primary services include offering comprehensive data and insights to real estate professionals, with a focus on enhancing market transparency and efficiency.
Average Trading Volume: 3,804,853
Technical Sentiment Signal: Sell
Current Market Cap: $31.78B
Find detailed analytics on CSGP stock on TipRanks’ Stock Analysis page.