What's Up with CSGP Shares?
CSGP’s stock price does not reflect the slowdown in bookings. “Bookings” is a leading indicator of future organic subscription revenues. Sure, one could hide weak bookings with acquisitions. Is that why CSGP shares are up 11% over the past week? Is there a forthcoming M&A deal that’s been leaked? If not, the stock ought to be trending downward, not upward.
Premium subscribers may access the Excel file behind the paywall which includes 20 quarters of CoStar’s Bookings and Revenue data plus charts (2019 through 2023). Become a premium subscriber for $9.99 per month or $99 per year.
