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NASDAQ:CSGP

CoStar Group (CSGP) Stock Forecast, Price & News

$76.47
+0.17 (+0.22%)
(As of 02:58 PM ET)
Compare
Today's Range
$75.78
$76.95
50-Day Range
$76.30
$91.80
52-Week Range
$65.12
$92.36
Volume
521,410 shs
Average Volume
2.27 million shs
Market Capitalization
$31.23 billion
P/E Ratio
80.50
Dividend Yield
N/A
Price Target
$92.00

CoStar Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
21.0% Upside
$92.00 Price Target
Short Interest
Healthy
1.49% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.12mentions of CoStar Group in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$12.98 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.

2.71 out of 5 stars

Computer And Technology Sector

111th out of 584 stocks

Business Services, Not Elsewhere Classified Industry

20th out of 90 stocks


CSGP stock logo

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

CSGP Stock News Headlines

U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
CoStar Group (CSGP) Generated Good Results in Q2
Here’s Why CoStar Group (CSGP) Outperformed in Q2
See More Headlines
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CSGP Company Calendar

Last Earnings
7/25/2023
Today
9/27/2023
Next Earnings (Confirmed)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:CSGP
CUSIP
22160N10
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
+21.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$369.45 million
Pretax Margin
21.76%

Debt

Sales & Book Value

Annual Sales
$2.18 billion
Cash Flow
$1.60 per share
Book Value
$16.89 per share

Miscellaneous

Free Float
401,885,000
Market Cap
$31.05 billion
Optionable
Optionable
Beta
0.89

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Key Executives

  • Mr. Andrew C. FloranceMr. Andrew C. Florance (Age 59)
    Founder, CEO & Director
    Comp: $3.89M
  • Mr. Scott T. WheelerMr. Scott T. Wheeler (Age 59)
    Chief Financial Officer
    Comp: $1.47M
  • Ms. Lisa C. RugglesMs. Lisa C. Ruggles (Age 56)
    Sr. VP of Global Operations
    Comp: $1.27M
  • Mr. Frank A. SimuroMr. Frank A. Simuro (Age 56)
    Chief Technology Officer
    Comp: $1.36M
  • Mr. Frederick G. SaintMr. 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













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 year. 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 Wall Street research analysts have issued twelve-month price objectives for CoStar Group's shares. Their CSGP share price forecasts range from $68.00 to $101.00. On average, they anticipate the company's stock price to reach $92.00 in the next year. This suggests a possible upside of 21.0% 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 start of the year. Since then, CSGP shares have decreased by 1.6% and is now trading at $76.03.
View the best growth stocks for 2023 here
.

Are investors shorting CoStar Group?

CoStar Group saw a decrease in short interest in 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) announced its quarterly earnings results on Tuesday, July, 25th. The technology company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. The technology company had revenue of $605.91 million for the quarter, compared to analysts' expectations of $607.49 million. CoStar Group had a trailing twelve-month return on equity of 6.61% and a net margin of 16.56%.

When did CoStar Group's stock split?

CoStar Group shares 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 distributed to shareholders after the market closes 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 issued an update on 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."

Who are CoStar Group's major shareholders?

CoStar Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.87%), Principal Financial Group Inc. (4.66%), State Street Corp (3.75%), Baillie Gifford & Co. (2.92%), Geode Capital Management LLC (2.67%) and Sands Capital Management LLC (2.04%). Insiders that own company stock include Andrew C Florance, Frank Simuro, Frederick G Saint, John W Hill, Laura Cox Kaplan, Lisa Ruggles, Michael J Desmarais, Scott T Wheeler and Scott T Wheeler.
View institutional ownership trends
.

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 $76.03.

How much money does CoStar Group make?

CoStar Group (NASDAQ:CSGP) has a market capitalization of $31.05 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 9/27/2023 by MarketBeat.com Staff

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