CSGP is trading 5.06% down today at $33.21 after doubling its Q1 profits but disappointing investors with continued heavy spending on its Homes.com home-search platform.
- Wall Street remains frustrated with the company's capital allocation strategy, causing shares to slide toward their 12-month low of $33.31.
- The stock has declined roughly 65% over the past year as investor skepticism regarding the Homes.com business model persists despite operational improvements.