CoStar to buy Matterport in $1.6 bln deal to boost digital real estate services [Reuters]
CoStar Group, Inc. (CSGP)
Last costar group, inc. earnings: 4/28 04:02 pm
Check Earnings Report
US:NASDAQ Investor Relations:
costargroup.com/investors/stock-info
Company Research
Source: Reuters
By Reuters April 22 (Reuters) - CoStar Group (CSGP.O) New Tab , opens new tab said on Monday it would buy Matterport (MTTR.O) New Tab , opens new tab in a cash-and-stock deal valued at $1.6 billion, as the real estate information provider looks to win listings and sell more properties by enhancing 3D virtual tours. The deal implies a per-share value of $5.50 and represents a premium of about 216% over Matterport's last close of $1.74. Shares of Matterport more than doubled to $4.72 and CoStar Group edged up about 0.8% at $84.90. Sunnyvale, California-based Matterport, which was founded in 2011, makes 3D cameras for virtual tours of real estate. It also offers a platform that allows users to upload and view the spaces they have scanned. Matterport's AI-powered tools help designers and property managers to automate virtual interior design and offer recommendations about optimally using those spaces. The acquisition is likely to help CoStar stave off competition from Zil
Show less
Read more
Impact Snapshot
Event Time:
CSGP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CSGP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CSGP alerts
High impacting CoStar Group, Inc. news events
Weekly update
A roundup of the hottest topics
CSGP
News
- Where are Raleigh's most expensive apartments for renters? Take a look [Yahoo! Finance]Yahoo! Finance
- Art Deco and dignity inspire multi-hyphenate comedian Katie Cazorla's new club, the Kookaburra Lounge [Los Angeles Times (CA)]Los Angeles Times
- Is CoStar Group (CSGP) Well Positioned to Benefit from the Secular Growth Trend? [Yahoo! Finance]Yahoo! Finance
- CoStar Group, Inc. (NASDAQ: CSGP) had its price target raised by analysts at BMO Capital Markets from $84.00 to $88.00. They now have a "market perform" rating on the stock.MarketBeat
- CoStar Group (CSGP) Q1 Earnings Beat Estimates, Revenues Up Y/Y [Yahoo! Finance]Yahoo! Finance
CSGP
Earnings
- 4/23/24 - Beat
CSGP
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/26/24 - Form 144
- CSGP's page on the SEC website