NASDAQ:CSGP

CoStar Group (CSGP) Stock Forecast, Price & News

$76.81

+0.46 (+0.60%)

(As of 09/28/2023 ET)

Compare

Today's Range: $76.10
▼
$77.40
50-Day Range: $76.30
▼
$91.80
52-Week Range: $65.12
▼
$92.36

Volume: 1.11 million shs
Average Volume: 1.57 million shs
Market Capitalization: $31.36 billion

P/E Ratio: 80.85
Dividend Yield: N/A
Price Target: $92.00

CoStar Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.82 Rating Score
Upside/Downside: 19.8% Upside
$92.00 Price Target
Short Interest: Healthy
1.49% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.25
Based on 8 Articles This Week
Insider Trading: Selling Shares
$2.79 M Sold Last Quarter
Proj. Earnings Growth: 15.60%
From $1.09 to $1.26 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.72 out of 5 stars

Computer And Technology Sector

106th out of 604 stocks

Business Services, Not Elsewhere Classified Industry

19th out of 84 stocks

2.4

Analyst's Opinion

Consensus Rating
CoStar Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $92.00, CoStar Group has a forecasted upside of 19.8% from its current price of $76.81.
Amount of Analyst Coverage
CoStar Group has only been the subject of 4 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.49% of the outstanding shares of CoStar Group have been sold short.
Short Interest Ratio / Days to Cover
CoStar Group has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in CoStar Group has recently decreased by 15.08%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
CoStar Group does not currently pay a dividend.
Dividend Growth
CoStar Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CSGP.

3.5

News and Social Media Coverage

News Sentiment
CoStar Group has a news sentiment score of 1.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for CoStar Group this week, compared to 6 articles on an average week.
Search Interest
Only 2 people have searched for CSGP on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
87 people have added CoStar Group to their MarketBeat watchlist in the last 30 days. This is an increase of 2,800% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CoStar Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,785,933.00 in company stock.
Percentage Held by Insiders
Only 1.58% of the stock of CoStar Group is held by insiders.
Percentage Held by Institutions
96.53% of the stock of CoStar Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for CoStar Group are expected to grow by 15.60% in the coming year, from $1.09 to $1.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CoStar Group is 80.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of CoStar Group is 80.85, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 285.87.
Price to Earnings Growth Ratio
CoStar Group has a PEG Ratio of 3.51. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CoStar Group has a P/B Ratio of 4.55. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CoStar Group (NASDAQ:CSGP) Stock

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. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; 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. It also provides Leasing, a tool to capture, manage, and maintain lease data; CoStar Lease Analysis; Public Record, a searchable database of commercially zoned parcels; CoStar Real Estate Manager, a real estate lease administration, portfolio management, and lease accounting compliance software solution; and CoStar Risk Analytics and CoStar Investment. In addition, it offers apartment marketing sites, such as ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, WestsideRentals.com, AFTER55.com, CorporateHousing.com, ForRentUniversity.com, Apartamentos.com, and Off Campus Partners; LoopNet Premium Lister; LoopNet Diamond, Platinum, and Gold Ads; LandsofAmerica.com, LandAndFarm.com, and LandWatch.com for rural land for-sale; BizBuySell.com, BizQuest.com, and FindaFranchise.com for operating businesses and franchises for-sale; Ten-X, an online auction platform for commercial real estate; and HomeSnap, an online and mobile software platform, as well as Homes.com, a homes for sale listings site. The company was founded in 1987 and is headquartered in Washington, the District of Columbia.

CSGP Price History

30 days | 90 days | 365 days | Advanced Chart

CSGP Stock News Headlines

September 26, 2023 | finance.yahoo.com

Andy Florance Honored with Gold Globee for CEO of the Year by Globee Business Awards

September 26, 2023 | americanbankingnews.com

CoStar Group, Inc. (NASDAQ:CSGP) Given Consensus Recommendation of "Moderate Buy" by Analysts

September 29, 2023 | Chaikin Analytics (Ad)

His system isolated NVIDIA - Here's His Next Buy.

Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.

September 21, 2023 | americanbankingnews.com

CoStar Group (NASDAQ:CSGP) Coverage Initiated by Analysts at JMP Securities

September 20, 2023 | markets.businessinsider.com

Analysts Are Bullish on These NA Stocks: MGM Resorts (MGM), CoStar Group (CSGP)

September 14, 2023 | benzinga.com

Here's How Much $1000 Invested In CoStar Gr 20 Years Ago Would Be Worth Today

September 10, 2023 | finance.yahoo.com

At US$82.57, Is CoStar Group, Inc. (NASDAQ:CSGP) Worth Looking At Closely?

September 7, 2023 | finance.yahoo.com

Andy Florance Named 2023 Tech Titan By Washingtonian Magazine

September 29, 2023 | Behind the Markets (Ad)

3 Words and a 3,000% Return

In October 2013, a scientist wrote 3 words on a piece of paper. They were simple words. A fiveyear-old could say them. But these three words could deliver you a 3,000% return in 2023 >>>

September 5, 2023 | benzinga.com

$1000 Invested In CoStar Gr 10 Years Ago Would Be Worth This Much Today

August 24, 2023 | finance.yahoo.com

Here's Why We Think CoStar Group (NASDAQ:CSGP) Is Well Worth Watching

August 23, 2023 | finance.yahoo.com

CoStar Group (CSGP) Generated Good Results in Q2

August 14, 2023 | finance.yahoo.com

CoStar Group’s Andy Florance Wins Gold Stevie® Award in 2023 International Business Awards®

August 11, 2023 | insidermonkey.com

Here’s Why CoStar Group (CSGP) Outperformed in Q2

August 10, 2023 | finance.yahoo.com

Is CoStar Group, Inc. (NASDAQ:CSGP) Worth US$81.3 Based On Its Intrinsic Value?

August 10, 2023 | finance.yahoo.com

CoStar Group Partners with Richmond Public Schools to Provide School Supplies for More than 35,000 Students

August 9, 2023 | markets.businessinsider.com

Bank of America Securities Sticks to Their Buy Rating for CoStar Group (CSGP)

August 7, 2023 | bizjournals.com

Most pre-pandemic office leases haven't rolled over, threatening to prolong pain in CRE

August 3, 2023 | bizjournals.com

Albany region rent increases slow as apartment inventory grows

August 3, 2023 | finance.yahoo.com

Landlords forced to get creative as office rental rate growth not keeping up with inflation

August 3, 2023 | finance.yahoo.com

Office rental rate growth isn't keeping up with inflation, landlords forced to get creative

August 2, 2023 | seekingalpha.com

CoStar Group: Reiterate Buy As Business Continues To Perform Strongly

August 2, 2023 | msn.com

Costar Group (CSGP) Price Target Increased by 10.59% to 99.88

August 2, 2023 | markets.businessinsider.com

Bank of America Securities Reaffirms Their Buy Rating on CoStar Group (CSGP)

August 1, 2023 | finance.yahoo.com

CoStar Group Appoints Angelique Brunner to Board of Directors

July 28, 2023 | msn.com

BMO Capital Maintains Costar Group (CSGP) Market Perform Recommendation

July 27, 2023 | finance.yahoo.com

CoStar Group (CSGP) Increase on Robust Financial Performance

See More Headlines

Receive CSGP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for CoStar Group and its competitors with MarketBeat's FREE daily newsletter.

CSGP Company Calendar

Last Earnings: 7/25/2023
Today: 9/29/2023
Next Earnings (Confirmed): 10/24/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Business services, not elsewhere classified
Sub-Industry: Internet Software & Services
Sector: Computer and Technology
Current Symbol: NASDAQ:CSGP
CUSIP: 22160N10
CIK: 1057352
Web: www.costargroup.com
Phone: (202) 346-6500
Fax: 877-739-0486
Employees: 5,653
Year Founded: 1987

Price Target and Rating

Average Stock Price Forecast: $92.00
High Stock Price Forecast: $101.00
Low Stock Price Forecast: $68.00
Forecasted Upside/Downside: +19.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.82
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.95
Trailing P/E Ratio: 80.85
Forward P/E Ratio: 70.47
P/E Growth: 3.51
Net Income: $369.45 million
Net Margins: 16.56%
Pretax Margin: 21.76%
Return on Equity: 6.61%
Return on Assets: 5.41%

Debt

Debt-to-Equity Ratio: 0.14
Current Ratio: 12.30
Quick Ratio: 12.30

Sales & Book Value

Annual Sales: $2.18 billion
Price / Sales: 14.37
Cash Flow: $1.65 per share
Price / Cash Flow: 46.53
Book Value: $16.89 per share
Price / Book: 4.55

Miscellaneous

Outstanding Shares: 408,340,000
Free Float: 401,885,000
Market Cap: $31.36 billion
Optionable: Optionable
Beta: 0.89

Social Links

10 "Recession Proof" Stocks That Will Thrive in Any Market

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

Key Executives

Mr. Andrew C. Florance (Age 59)
Founder, CEO & Director
Comp: $3.89M

Mr. Scott T. Wheeler (Age 59)
Chief Financial Officer
Comp: $1.47M

Ms. Lisa C. Ruggles (Age 56)
Sr. VP of Global Operations
Comp: $1.27M

Mr. Frank A. Simuro (Age 56)
Chief Technology Officer
Comp: $1.36M

Mr. Frederick G. Saint (Age 57)
Pres of Marketplaces
Comp: $1.26M

Mr. Jason Butler
Chief Information Officer

Ms. Cyndi Eakin
Sr. VP of Investor Relations & Controller

Mr. Gene Boxer (Age 48)
Gen. Counsel & Corp. Sec.

Mr. Matthew R. Blocher
VP of Marketing & Communications

Mr. Martin Johnson
VP of Corp. Devel. & Partnerships

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CSGP Stock - Frequently Asked Questions

Should I buy or sell CoStar Group stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CSGP shares.
View CSGP analyst ratings or view top-rated stocks.
What is CoStar Group's stock price forecast for 2023?: 11 brokers have issued 1 year price objectives for CoStar Group's shares. Their CSGP share price forecasts range from $68.00 to $101.00. On average, they expect the company's share price to reach $92.00 in the next twelve months. This suggests a possible upside of 19.8% from the stock's current price.
View analysts price targets for CSGP or view top-rated stocks among Wall Street analysts.
How have CSGP shares performed in 2023?: CoStar Group's stock was trading at $77.28 at the beginning of the year. Since then, CSGP stock has decreased by 0.6% and is now trading at $76.81.
View the best growth stocks for 2023 here.
Are investors shorting CoStar Group?: CoStar Group saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,080,000 shares, a decrease of 15.1% from the August 31st total of 7,160,000 shares. Based on an average trading volume of 2,520,000 shares, the days-to-cover ratio is presently 2.4 days.
View CoStar Group's Short Interest.
When is CoStar Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our CSGP earnings forecast.
How were CoStar Group's earnings last quarter?: CoStar Group, Inc. (NASDAQ:CSGP) issued its quarterly earnings data on Tuesday, July, 25th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. The technology company had revenue of $605.91 million for the quarter, compared to analyst estimates of $607.49 million. CoStar Group had a net margin of 16.56% and a trailing twelve-month return on equity of 6.61%.
What ETFs hold CoStar Group's stock?: ETFs with the largest weight of CoStar Group (NASDAQ:CSGP) stock in their portfolio include Playtech (PTEC), Sterling Capital Focus Equity ETF (LCG), Global X E-Commerce ETF (EBIZ), Real Estate Select Sector SPDR Fund (XLRE), Invesco S&P 500 Equal Weight Real Estate ETF (RSPR), BNY Mellon Innovators ETF (BKIV), Invesco S&P 500 Equal Weight Real Estate ETF (EWRE) and iShares U.S. Real Estate ETF (IYR).
When did CoStar Group's stock split?: Shares of CoStar Group split before market open on Thursday, June 17th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly issued shares were payable to shareholders after the closing bell on Monday, June 28th 2021. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

What guidance has CoStar Group issued on next quarter's earnings?: CoStar Group updated its third quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of $0.29-$0.30 for the period, compared to the consensus estimate of $0.30. The company issued revenue guidance of $622.00 million-$627.00 million, compared to the consensus revenue estimate of $632.43 million.
What is Andrew C. Florance's approval rating as CoStar Group's CEO?: 1,147 employees have rated CoStar Group Chief Executive Officer Andrew C. Florance on Glassdoor.com. Andrew C. Florance has an approval rating of 60% among the company's employees. This puts Andrew C. Florance in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 44.0% of employees surveyed would recommend working at CoStar Group to a friend.
What other stocks do shareholders of CoStar Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CoStar Group investors own include NVIDIA (NVDA), Adobe (ADBE), Alibaba Group (BABA), Salesforce (CRM), Home Depot (HD), Johnson & Johnson (JNJ), PayPal (PYPL), QUALCOMM (QCOM), Visa (V) and UnitedHealth Group (UNH).
What is CoStar Group's stock symbol?: CoStar Group trades on the NASDAQ under the ticker symbol "CSGP."
How do I buy shares of CoStar Group?: Shares of CSGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is CoStar Group's stock price today?: One share of CSGP stock can currently be purchased for approximately $76.81.
How much money does CoStar Group make?: CoStar Group (NASDAQ:CSGP) has a market capitalization of $31.36 billion and generates $2.18 billion in revenue each year. The technology company earns $369.45 million in net income (profit) each year or $0.95 on an earnings per share basis.
How many employees does CoStar Group have?: The company employs 5,653 workers across the globe.
Does CoStar Group have any subsidiaries?: The following companies are subsidiares of CoStar Group: Homesnap.
Read More
How can I contact CoStar Group?: CoStar Group's mailing address is 1331 L STREET NW, WASHINGTON DC, 20005. The official website for the company is www.costargroup.com. The technology company can be reached via phone at (202) 346-6500, via email at sspray@costar.com, or via fax at 877-739-0486.

This page (NASDAQ:CSGP) was last updated on 9/29/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial