How have CSGP shares performed this year?

CoStar Group's stock was trading at $87.39 on January 1st, 2024. Since then, CSGP stock has decreased by 10.2% and is now trading at $78.51. View the best growth stocks for 2024 here .

How were CoStar Group's earnings last quarter?

CoStar Group, Inc. (NASDAQ:CSGP) announced its earnings results on Tuesday, July, 23rd. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. The company's revenue for the quarter was up 11.9% on a year-over-year basis.

When did CoStar Group's stock split?

CoStar Group shares split on Thursday, June 17th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly created shares were payable 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 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.

Does CoStar Group have any subsidiaries?

CoStar Group subsidiaries include these companies: Homesnap.

Who are CoStar Group's major shareholders?

Top institutional investors of CoStar Group include Baillie Gifford & Co. (2.22%), Bank of New York Mellon Corp (1.50%), Riverbridge Partners LLC (0.47%) and Sumitomo Mitsui Trust Holdings Inc. (0.23%). Insiders that own company stock include Scott T Wheeler, Frank Simuro , Lisa Ruggles , Michael J Desmarais , John W Hill and Laura Cox Kaplan . 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

What other stocks do shareholders of CoStar Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CoStar Group investors own include NVIDIA (NVDA) , Adobe (ADBE) , Alibaba Group (BABA) , Salesforce (CRM) , Home Depot (HD) , Johnson & Johnson (JNJ) and PayPal (PYPL) .

NASDAQ:CSGP

CoStar Group (CSGP) Stock Price, News & Analysis

$78.51

+0.67 (+0.86%)

(As of 07/26/2024 ET)

Compare

Today's Range: $77.78
▼
$79.34
50-Day Range: $71.59
▼
$87.52
52-Week Range: $67.35
▼
$100.38

Volume: 2.36 million shs
Average Volume: 2.81 million shs
Market Capitalization: $32.06 billion

P/E Ratio: 107.55
Dividend Yield: N/A
Price Target: $96.08

Get CoStar Group alerts:

CoStar Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 22.4% Upside
$96.08 Price Target
Short Interest: Healthy
1.88% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.41
Based on 46 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 152.27%
From $0.44 to $1.11 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.27 out of 5 stars

Computer And Technology Sector

142nd out of 612 stocks

Business Services, Not Elsewhere Classified Industry

26th out of 93 stocks

3.4

Analyst's Opinion

Consensus Rating
CoStar Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 12 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
CoStar Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about CoStar Group's stock forecast and price target.

5.0

Short Interest

Percentage of Shares Shorted
1.88% 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 3, 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 11.14%, 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.

3.0

News and Social Media Coverage

News Sentiment
CoStar Group has a news sentiment score of 0.41. 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 lower news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 46 news articles for CoStar Group this week, compared to 8 articles on an average week.
Search Interest
5 people have searched for CSGP on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.
MarketBeat Follows
5 people have added CoStar Group to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CoStar Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.57% of the stock of CoStar Group is held by insiders.
Percentage Held by Institutions
96.60% of the stock of CoStar Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about CoStar Group's insider trading history.

3.1

Earnings and Valuation

Earnings Growth
Earnings for CoStar Group are expected to grow by 152.27% in the coming year, from $0.44 to $1.11 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CoStar Group is 107.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.05.
Price to Earnings Ratio vs. Sector
The P/E ratio of CoStar Group is 107.55, 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 271.03.
Price to Earnings Growth Ratio
CoStar Group has a PEG Ratio of 13.28. 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 4.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about CoStar Group's valuation and earnings.

See Top Rated MarketRank™ Stocks Here

Ad The Oxford Club

Man Who Called Nvidia at $1.10 Says Buy This Now...

In 2004, one man called Nvidia before just about anyone knew it existed. Now, this same guy says a new company could become the next to soar like Nvidia.

Watch Alex's "Next Magnificent Seven" presentation now.

About CoStar Group Stock (NASDAQ:CSGP)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CSGP Stock News Headlines

July 27 at 2:38 AM | americanbankingnews.com

Q3 2024 Earnings Forecast for CoStar Group, Inc. (NASDAQ:CSGP) Issued By William Blair

July 26 at 5:53 PM | uk.finance.yahoo.com

Results: CoStar Group, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

July 27, 2024 | Porter & Company (Ad)

Elon to Transform U.S. Economy?

A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.

July 26 at 6:52 AM | americanbankingnews.com

Royal Bank of Canada Lowers CoStar Group (NASDAQ:CSGP) Price Target to $96.00

July 26 at 6:52 AM | americanbankingnews.com

The Goldman Sachs Group Lowers CoStar Group (NASDAQ:CSGP) Price Target to $93.00

July 26 at 6:10 AM | seekingalpha.com

Artisan Global Opportunities Fund Q2 2024 Commentary

July 26 at 4:04 AM | americanbankingnews.com

CoStar Group (NASDAQ:CSGP) PT Lowered to $100.00

July 26 at 1:09 AM | americanbankingnews.com

CoStar Group (NASDAQ:CSGP) Sees Strong Trading Volume on Better-Than-Expected Earnings

July 27, 2024 | Porter & Company (Ad)

Elon to Transform U.S. Economy?

July 25 at 3:07 PM | ca.finance.yahoo.com

CTSH Oct 2024 77.500 put

July 25 at 9:04 AM | americanbankingnews.com

CoStar Group (NASDAQ:CSGP) Receives "Buy" Rating from Needham & Company LLC

July 24 at 3:15 PM | seekingalpha.com

CoStar Group, Inc. (CSGP) Q2 2024 Earnings Call Transcript

July 24 at 3:15 PM | markets.businessinsider.com

CoStar Group: Hold Rating Maintained Amidst Adjusted Financial Outlook and Market Challenges

July 24 at 10:14 AM | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Real Estate Stocks: CoStar Group (CSGP) and Alexandria Equities (ARE)

July 24 at 9:43 AM | americanbankingnews.com

CoStar Group (NASDAQ:CSGP) Price Target Lowered to $90.00 at JMP Securities

July 23, 2024 | markets.businessinsider.com

CoStar Group, Inc. Q2 Profit Decreases, But Beats Estimates

July 23, 2024 | seekingalpha.com

CoStar Group, Inc. 2024 Q2 - Results - Earnings Call Presentation

July 23, 2024 | americanbankingnews.com

CoStar Group (NASDAQ:CSGP) Price Target Cut to $89.00 by Analysts at Bank of America

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.

Company Calendar

Last Earnings: 7/23/2024
Today: 7/27/2024
Next Earnings (Estimated): 10/22/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Business services, not elsewhere classified
Sub-Industry: Internet Software & Services
Current Symbol: NASDAQ:CSGP
CUSIP: 22160N10
CIK: 1057352
Web: www.costargroup.com
Phone: (202) 346-6500
Fax: 877-739-0486
Employees: 6,152
Year Founded: 1987

Price Target and Rating

Average Stock Price Target: $96.08
High Stock Price Target: $107.00
Low Stock Price Target: $85.00
Potential Upside/Downside: +22.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.73
Trailing P/E Ratio: 107.55
Forward P/E Ratio: 160.22
P/E Growth: 11.48
Net Income: $374.70 million
Net Margins: 8.19%
Pretax Margin: 11.57%
Return on Equity: 3.99%
Return on Assets: 3.27%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 9.27
Quick Ratio: 9.09

Sales & Book Value

Annual Sales: $2.46 billion
Price / Sales: 13.06
Cash Flow: $1.58 per share
Price / Cash Flow: 49.65
Book Value: $18.11 per share
Price / Book: 4.34

Miscellaneous

Outstanding Shares: 408,340,000
Free Float: 401,931,000
Market Cap: $32.06 billion
Optionable: Optionable
Beta: 0.81

Social Links

7 Energy Stocks to Buy and Hold Forever

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

Key Executives

Mr. Andrew C. Florance (Age 60)
President, Founder, CEO & Director
Comp: $3.83M
Mr. Scott T. Wheeler (Age 60)
Chief Financial Officer
Comp: $1.55M
Ms. Lisa C. Ruggles (Age 57)
Senior Vice President of Global Operations
Comp: $1.55M
Mr. Frank A. Simuro (Age 57)
Chief Technology Officer
Comp: $1.68M
Mr. Frederick G. Saint (Age 58)
President of Marketplaces
Comp: $1.36M
Mr. Jason Butler
Chief Information Officer
Ms. Cyndi Eakin
Senior VP of Investor Relations & Controller
Mr. Gene Boxer (Age 49)
General Counsel & Corporate Secretary
Mr. Matthew R. Blocher
Vice President of Marketing & Communications
Mr. Marc Swartz
Senior Vice President of Global Sales

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy CoStar Group Stock? CSGP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in CoStar Group, Inc.:

CoStar Group reported revenue of $656.40 million for the quarter, surpassing the consensus estimate, indicating strong financial performance.
Analysts have set a target price of $102.46 for CoStar Group, suggesting potential for stock price appreciation.
The company has a current ratio of 9.09 and a quick ratio of 9.09, indicating strong liquidity position to meet short-term obligations.
CoStar Group has a diverse geographic presence in the United States, Canada, Europe, Asia Pacific, and Latin America, providing exposure to multiple real estate markets.
The company's net margin of 11.64% showcases efficient cost management and profitability.

Cons

Investors should be bearish about investing in CoStar Group, Inc. for these reasons:

The PE ratio of 104.70 and price-to-earnings-growth ratio of 11.35 may indicate the stock is currently overvalued, potentially limiting upside potential.
Corporate insiders own 1.57% of the company's stock, which could raise concerns about insider sentiment or potential conflicts of interest.
The stock's 50-day simple moving average is $87.29, below the current trading price, suggesting short-term price volatility.
CoStar Group's beta of 0.83 indicates lower volatility compared to the market average, potentially leading to lower returns during market upswings.
The debt-to-equity ratio of 0.13 may signal limited leverage for future growth opportunities.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these CoStar Group pros and cons to contact@marketbeat.com.

CSGP Stock Analysis - Frequently Asked Questions

How have CSGP shares performed this year?: CoStar Group's stock was trading at $87.39 on January 1st, 2024. Since then, CSGP stock has decreased by 10.2% and is now trading at $78.51.
View the best growth stocks for 2024 here.
How were CoStar Group's earnings last quarter?: CoStar Group, Inc. (NASDAQ:CSGP) announced its earnings results on Tuesday, July, 23rd. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. The company's revenue for the quarter was up 11.9% on a year-over-year basis.
When did CoStar Group's stock split?: CoStar Group shares split on Thursday, June 17th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly created shares were payable 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 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.
Does CoStar Group have any subsidiaries?: CoStar Group subsidiaries include these companies: Homesnap.
Who are CoStar Group's major shareholders?: Top institutional investors of CoStar Group include Baillie Gifford & Co. (2.22%), Bank of New York Mellon Corp (1.50%), Riverbridge Partners LLC (0.47%) and Sumitomo Mitsui Trust Holdings Inc. (0.23%). Insiders that own company stock include Scott T Wheeler, Frank Simuro, Lisa Ruggles, Michael J Desmarais, John W Hill and Laura Cox Kaplan.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
What other stocks do shareholders of CoStar Group own?: Based on aggregate information from My MarketBeat watchlists, some other companies that CoStar Group investors own include NVIDIA (NVDA), Adobe (ADBE), Alibaba Group (BABA), Salesforce (CRM), Home Depot (HD), Johnson & Johnson (JNJ) and PayPal (PYPL).

This page (NASDAQ:CSGP) was last updated on 7/27/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

CoStar Group (CSGP) Stock Price, News & Analysis

CoStar Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Consensus Rating

Amount of Analyst Coverage

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Dividend Yield

Dividend Growth

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Insider Buying vs. Insider Selling

Percentage Held by Insiders

Percentage Held by Institutions

Earnings and Valuation

Earnings Growth

Price to Earnings Ratio vs. the Market

Price to Earnings Ratio vs. Sector

Price to Earnings Growth Ratio

Price to Book Value per Share Ratio