CoStar Group (NASDAQ:CSGP) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.220-2.320 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.310. The company issued revenue guidance of $465 million-$470 million, compared to the consensus revenue estimate of $468.63 million.CoStar Group also updated its FY 2021 guidance to 11.200-11.400 EPS.
CSGP stock opened at $858.91 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 16.35 and a current ratio of 16.35. The company has a market capitalization of $33.92 billion, a price-to-earnings ratio of 115.29 and a beta of 0.97. The business's 50 day moving average price is $864.08 and its two-hundred day moving average price is $875.30. CoStar Group has a fifty-two week low of $604.96 and a fifty-two week high of $952.76.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Monday, April 26th. The technology company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.35. CoStar Group had a return on equity of 7.58% and a net margin of 17.57%. During the same period in the previous year, the firm posted $2.44 EPS. Sell-side analysts forecast that CoStar Group will post 8.39 earnings per share for the current year.
Several research analysts recently commented on CSGP shares. TheStreet lowered CoStar Group from a b rating to a c+ rating in a research report on Tuesday, February 23rd. JMP Securities lifted their price target on CoStar Group from $950.00 to $1,025.00 and gave the stock an outperform rating in a research report on Wednesday, April 28th. Zacks Investment Research upgraded CoStar Group from a sell rating to a hold rating in a research report on Monday. The Goldman Sachs Group reiterated a buy rating and issued a $979.00 price target (up previously from $359.00) on shares of CoStar Group in a research report on Monday, March 22nd. Finally, Needham & Company LLC lifted their price target on CoStar Group from $1,000.00 to $1,100.00 and gave the stock a buy rating in a research report on Wednesday, April 28th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $941.27.
In related news, Director Laura Cox Kaplan sold 1,062 shares of the business's stock in a transaction on Friday, April 30th. The shares were sold at an average price of $869.03, for a total transaction of $922,909.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew C. Florance sold 19,570 shares of the company's stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $818.37, for a total transaction of $16,015,500.90. Insiders have sold 35,792 shares of company stock worth $29,631,818 over the last three months. Corporate insiders own 1.67% of the company's stock.
About CoStar Group
CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. It offers CoStar Property Professional that provides inventory of office, industrial, retail, and multifamily, and student housing properties and land; CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.
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