CoStar Group, Inc. (CSGP)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of CoStar Group, Inc. (“CoStar” or the “Company”) (NASDAQ: CSGP). The investigation concerns whether CoStar and certain of its officers and/or directors have violated federal securities laws.
On July 27, 2021, CoStar issued a press release announcing its financial and operating results for the second quarter of 2021. Among other results, CoStar disclosed that “[t]he Company is lowering its adjusted EBITDA guidance for the full year of 2021 to a new range of $605 million to $615 million to reflect the expected negative EBITDA results of Homes.com”, a residential marketplace acquired by CoStar in May 2021, “and planned investments to integrate and develop the residential marketplace.” On this news, CoStar’s stock price fell sharply during intraday trading on July 28, 2021.
If you are aware of any facts relating to this investigation, or purchased CoStar shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.