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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
All the trading advice you’ve ever received boils down to this (Ad)
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The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
All the trading advice you’ve ever received boils down to this (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund
Top-Rated StocksTop-Rated

CoStar Group Stock Price, News & Analysis (NASDAQ:CSGP)

$84.15
-1.08 (-1.27%)
(As of 12/5/2023 ET)
Compare
Today's Range
$83.22
▼
$85.03
50-Day Range
$70.58
▼
$85.28
52-Week Range
$65.12
▼
$92.36
Volume
1.69 million shs
Average Volume
2.22 million shs
Market Capitalization
$34.36 billion
P/E Ratio
85.00
Dividend Yield
N/A
Price Target
$90.09
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media

CoStar Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
7.1% Upside
$90.09 Price Target
Short Interest
Healthy
1.63% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.90mentions of CoStar Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$253,891 Sold Last Quarter
Proj. Earnings Growth
9.52%
From $1.05 to $1.15 Per Share

Overall MarketRank™

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

2.41 out of 5 stars

Computer And Technology Sector

161st out of 592 stocks

Business Services, Not Elsewhere Classified Industry

30th out of 82 stocks

See Top Rated MarketRank™ Stocks Here

CSGP stock logo

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

CSGP Stock News Headlines

November 30, 2023 | benzinga.com
Understanding CoStar Gr's Position In Real Estate Management & Development Industry Compared To Competitors
November 29, 2023 | finance.yahoo.com
Insider Sell: Director John Hill Sells 3,020 Shares of CoStar Group Inc (CSGP)
December 6, 2023 | DTI Trader (Ad)
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November 20, 2023 | finance.yahoo.com
CoStar Group Partners With Feed More for Thanksgiving Giveaway and Food Drive
November 18, 2023 | msn.com
CoStar Group partners with Feed More for Thanksgiving food drive
November 16, 2023 | finance.yahoo.com
CoStar CEO: ‘We had zero involvement’ with commission lawsuits
November 16, 2023 | finance.yahoo.com
Should You Hold CoStar Group (CSGP)?
November 15, 2023 | finance.yahoo.com
CoStar Group Expands its Operations in France, Appoints Sandra Roumi as General Manager
December 6, 2023 | Financial Alphas (Ad)
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November 13, 2023 | tmcnet.com
Andy Florance Named Amongst Inman's Best of Proptech Award Winners for Entrepreneurs
November 13, 2023 | finance.yahoo.com
Andy Florance Named Amongst Inman’s Best of Proptech Award Winners for Entrepreneurs
November 11, 2023 | finance.yahoo.com
CoStar Group (CSGP) Fell On Low Non-Subscription Revenues
November 10, 2023 | finance.yahoo.com
Over 5,000 Shareholders and Clients Attend 30th Annual Baron Investment Conference
November 7, 2023 | finance.yahoo.com
Apartments.com Publishes October 2023 Multifamily Rent Report
October 30, 2023 | finance.yahoo.com
CoStar Group Sponsored Successful Keep Virginia Beautiful Tree Planting Event
October 27, 2023 | markets.businessinsider.com
Hold Rating for CoStar Group Amid Adjusted Forecasts and Increased Residential Sector Spending
October 27, 2023 | msn.com
Citigroup Maintains Costar Group (CSGP) Buy Recommendation
October 27, 2023 | seekingalpha.com
CoStar Group Q3: Sustained Growth Momentum Shows No Signs Of Ebbing
October 25, 2023 | markets.businessinsider.com
Analysts Are Bullish on These NA Stocks: Las Vegas Sands (LVS), CoStar Group (CSGP)
October 25, 2023 | markets.businessinsider.com
Analysts Offer Insights on NA Companies: PulteGroup (PHM), CoStar Group (CSGP) and Kkr Real Estate Finance (KREF)
October 25, 2023 | finance.yahoo.com
CoStar Group (CSGP) Q3 Earnings Meet Estimates, Revenues Up Y/Y
October 25, 2023 | finance.yahoo.com
CoStar Group, Inc. (NASDAQ:CSGP) Q3 2023 Earnings Call Transcript
October 25, 2023 | finance.yahoo.com
Markets Mixed at Midday as Google Parent Alphabet Drags Down Tech Sector
October 24, 2023 | in.investing.com
Costar reports in line Q3, but shares drop 9% on weak guidance
October 24, 2023 | markets.businessinsider.com
CoStar Group, Inc. Q3 Profit Increases, Inline With Estimates
October 24, 2023 | finance.yahoo.com
CoStar Group Third Quarter 2023 Revenue Increased 12% Year-over-Year Marking 50 Straight Quarters of Double-Digit Revenue Growth
October 24, 2023 | finance.yahoo.com
CoStar Group (CSGP) Q3 Earnings Match Estimates
See More Headlines
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Company Calendar

Last Earnings
10/24/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/20/2024
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 Target
$90.09
High Stock Price Target
$104.00
Low Stock Price Target
$74.00
Potential Upside/Downside
+7.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.99
Trailing P/E Ratio
85.00
Forward P/E Ratio
80.14
P/E Growth
4.05
Net Income
$369.45 million
Net Margins
16.86%
Pretax Margin
22.11%
Return on Equity
6.49%
Return on Assets
5.31%

Debt

Debt-to-Equity Ratio
0.14
Current Ratio
13.31
Quick Ratio
13.31

Sales & Book Value

Annual Sales
$2.18 billion
Price / Sales
15.75
Cash Flow
$1.62 per share
Price / Cash Flow
52.01
Book Value
$16.89 per share
Price / Book
4.98

Miscellaneous

Outstanding Shares
408,360,000
Free Float
401,911,000
Market Cap
$34.36 billion
Optionable
Optionable
Beta
0.89

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of CoStar Group was last updated on Tuesday, November 28, 2023 at 11:40 AM.

Pros

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

  • CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate industry, which is a growing and lucrative market.
  • CoStar Property offers a comprehensive inventory of various types of properties, including office, industrial, retail, multifamily, hospitality, and student housing, providing investors with a wide range of investment opportunities.
  • CoStar Sales provides a robust database of comparable commercial real estate sales transactions, allowing investors to make informed decisions based on market trends and pricing.
  • CoStar Market Analytics offers aggregated market and submarket trends, providing valuable insights for investors to identify potential investment opportunities and assess market conditions.
  • CoStar Tenant is an online business-to-business prospecting and analytical tool that provides tenant information, enabling investors to evaluate the tenant base and occupancy rates of properties they are interested in.

Cons

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

  • Investing in the commercial real estate industry carries inherent risks, including market fluctuations, economic downturns, and regulatory changes that could impact property values and rental income.
  • Competition in the online marketplace services sector is intense, with other companies offering similar services, which could potentially affect CoStar Group, Inc.'s market share and profitability.
  • CoStar Group, Inc. operates in multiple geographic regions, which exposes the company to currency exchange rate fluctuations and geopolitical risks that could impact its financial performance.
  • The current stock price of CoStar Group, Inc. should be considered, as it may affect the potential return on investment. Please refer to the latest stock price for an accurate assessment.
  • Investors should carefully evaluate the financial health and stability of CoStar Group, Inc. before making investment decisions, considering factors such as debt levels, cash flow, and profitability.














CSGP Stock Analysis - Frequently Asked Questions

Should I buy or sell CoStar Group stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

9 equities research analysts have issued 12-month price targets for CoStar Group's shares. Their CSGP share price targets range from $74.00 to $104.00. On average, they anticipate the company's stock price to reach $90.09 in the next year. This suggests a possible upside of 7.1% 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 shares have increased by 8.9% and is now trading at $84.15.
View the best growth stocks for 2023 here.

When is CoStar Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our CSGP earnings forecast.

How were CoStar Group's earnings last quarter?

CoStar Group, Inc. (NASDAQ:CSGP) posted its earnings results on Tuesday, October, 24th. The technology company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.01. The technology company earned $624.67 million during the quarter, compared to the consensus estimate of $625.65 million. CoStar Group had a trailing twelve-month return on equity of 6.49% and a net margin of 16.86%.

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 on Thursday, June 17th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly minted 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 guidance has CoStar Group issued on next quarter's earnings?

CoStar Group updated its FY 2023 earnings guidance on Tuesday, October, 24th. The company provided EPS guidance of $1.21-$1.22 for the period, compared to the consensus EPS estimate of $1.24. The company issued revenue guidance of $2.44 billion-$2.45 billion, compared to the consensus revenue estimate of $2.46 billion.

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).

Who are CoStar Group's major shareholders?

CoStar Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (4.85%), Bamco Inc. NY (4.70%), Massachusetts Financial Services Co. MA (2.93%), Baillie Gifford & Co. (2.85%), Sands Capital Management LLC (1.94%) and Artisan Partners Limited Partnership (1.36%). 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.

Does CoStar Group have any subsidiaries?
The following companies are subsidiares of CoStar Group: Homesnap.
Read More
This page (NASDAQ:CSGP) was last updated on 12/6/2023 by MarketBeat.com Staff

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