CoStar CEO Andy Florance defends Homes.com after investor clash [Yahoo! Finance]
CoStar Group, Inc. (CSGP)
Last costar group, inc. earnings: 4/28 04:02 pm
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Source: Yahoo! Finance
In the first earnings call following investor Third Point dropping its activist campaign and liquidating its entire stake in CoStar, Florance described the firm as “more focused” on its pursuits. “The activist campaign over the last year did weigh heavily on Homes.com sales and potential partnerships,” Florance said. “Nonetheless, we made durable progress through it.” For the last year, hedge fund Third Point had been pressuring the commercial real estate giant to end its push into the residential home search space through its investment in Homes.com, which rose to as much as $3 billion by the end of 2025. CoStar responded in January of this year by announcing it would begin slashing its investment in Homes.com by 35 percent in 2026 to $550 million, and continue cutting costs with a goal of reaching profitability by 2030. But Third Point CEO Daniel Loeb, in an April open letter to the firm, criticized CoStar's “feckless board” for granting CEO Andy Florance “exorbitant pay pa
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CSGP
News
- CoStar Expects U.S. Industrial Vacancy to Peak in Early 2027Business Wire
- CoStar Group (CSGP) had its price target lowered by JPMorgan Chase & Co. from $82.00 to $70.00. They now have an "overweight" rating on the stock.MarketBeat
- CoStar Group (CSGP) had its price target lowered by Citizens Jmp from $73.00 to $44.00. They now have a "market outperform" rating on the stock.MarketBeat
- CoStar Group (CSGP) had its price target lowered by Keefe, Bruyette & Woods from $57.00 to $50.00. They now have an "outperform" rating on the stock.MarketBeat
- CoStar Projects Steady U.S. Office Vacancy Through 2026Business Wire
CSGP
Earnings
- 4/28/26 - Miss
CSGP
Sec Filings
- 4/29/26 - Form SCHEDULE
- 4/29/26 - Form 10-Q
- 4/29/26 - Form SCHEDULE
- CSGP's page on the SEC website