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Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
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Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Stock market today: Wall Street falls sharply to close out its worst week since October
5 Semiconductor Giants: Navigating the Recent Pullback
2 Stocks to Buy on The Dip: One a Value, the Other High-Yielding
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
3 Key Stocks Helping to Drive the EV Race
You Can Follow BlackRock’s Market View for Your Money
NASDAQ:CSGP

CoStar Group (CSGP) Stock Price, News & Analysis

$90.34
-2.45 (-2.64%)
(As of 04/12/2024 ET)
Today's Range
$89.98
$92.21
50-Day Range
$81.24
$97.73
52-Week Range
$67.35
$100.38
Volume
1.75 million shs
Average Volume
2.14 million shs
Market Capitalization
$36.90 billion
P/E Ratio
98.20
Dividend Yield
N/A
Price Target
$100.08

CoStar Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
10.8% Upside
$100.08 Price Target
Short Interest
Bearish
2.13% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.61mentions of CoStar Group in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
154.55%
From $0.44 to $1.12 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.

3.44 out of 5 stars

Computer And Technology Sector

1030th out of 1,797 stocks

Business Services, Not Elsewhere Classified Industry

175th out of 267 stocks

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

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Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
Beyond The Numbers: 13 Analysts Discuss CoStar Gr Stock
CoStar Group (CSGP) Gets a Buy from KBW
Analysts Predict Price Tag for Gold to TRIPLE
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
CoStar Group Inc.
Bares Capital’s Top 12 Stock Picks
Deep Dive Into CoStar Gr Stock: Analyst Perspectives (9 Ratings)
CSGP Oct 2024 60.000 put
CSGP Oct 2024 110.000 put
‘A slow-moving train wreck’
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Today
4/12/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:CSGP
CUSIP
22160N10
Employees
6,152
Year Founded
1987

Price Target and Rating

Average Stock Price Target
$100.08
High Stock Price Target
$111.00
Low Stock Price Target
$79.00
Potential Upside/Downside
+10.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
14 Analysts

Profitability

Net Income
$374.70 million
Pretax Margin
20.42%

Debt

Sales & Book Value

Annual Sales
$2.46 billion
Cash Flow
$1.57 per share
Book Value
$17.97 per share

Miscellaneous

Free Float
401,956,000
Market Cap
$37.04 billion
Optionable
Optionable
Beta
0.84

Social Links

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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's stock price has been showing positive momentum, reaching $86.11 during recent trading sessions.
  • CoStar Group has a strong market capitalization of $35.17 billion, indicating stability and potential for growth.
  • The company reported a revenue increase of 11.7% year-over-year, demonstrating consistent growth in its business.
  • CoStar Group's diverse range of services in commercial real estate, hospitality, and related industries provides a broad revenue stream.
  • Institutional investors and hedge funds have shown confidence in CoStar Group, with 96.53% ownership, reflecting trust in the company's performance.

Cons

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

  • CoStar Group's price-to-earnings ratio of 93.60 may indicate the stock is currently overvalued, posing a risk for investors.
  • The company's P/E/G ratio of 10.09 suggests a high valuation relative to its growth rate, potentially limiting upside potential.
  • CoStar Group's 1 year high of $92.36 may signal a near-term resistance level, impacting short-term price movements.
  • Investors should consider the company's debt-to-equity ratio of 0.13, as higher debt levels can increase financial risk.
  • While CoStar Group has shown revenue growth, investors should monitor the company's net margin of 15.26% for sustainability.
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 Saturday, April 6, 2024. Please send any questions or comments about these CoStar Group pros and cons to contact@marketbeat.com.

CSGP Stock Analysis - Frequently Asked Questions

Should I buy or sell CoStar Group stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last twelve months. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street 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?

14 brokers have issued 1 year price targets for CoStar Group's shares. Their CSGP share price targets range from $79.00 to $111.00. On average, they expect the company's share price to reach $100.08 in the next year. This suggests a possible upside of 10.8% 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 2024?

CoStar Group's stock was trading at $87.39 at the start of the year. Since then, CSGP stock has increased by 3.4% and is now trading at $90.34.
View the best growth stocks for 2024 here
.

Are investors shorting CoStar Group?

CoStar Group saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 8,710,000 shares, an increase of 38.3% from the March 15th total of 6,300,000 shares. Based on an average daily volume of 2,160,000 shares, the short-interest ratio is currently 4.0 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, April 23rd 2024.
View our CSGP earnings forecast
.

How can I listen to CoStar Group's earnings call?

CoStar Group will be holding an earnings conference call on Tuesday, April 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were CoStar Group's earnings last quarter?

CoStar Group, Inc. (NASDAQ:CSGP) posted its earnings results on Tuesday, February, 20th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The technology company had revenue of $640 million for the quarter, compared to analyst estimates of $634.27 million. CoStar Group had a net margin of 15.26% and a trailing twelve-month return on equity of 6.08%. The business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS.

When did CoStar Group's stock split?

Shares of CoStar Group split on the morning of 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 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 FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share guidance of 0.570-0.600 for the period, compared to the consensus EPS estimate of 1.290. The company issued revenue guidance of $2.8 billion-$2.8 billion, compared to the consensus revenue estimate of $2.8 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 number of retail and institutional investors. Top institutional shareholders include Lakehouse Capital Pty Ltd (0.02%), Czech National Bank (0.02%), Park Avenue Securities LLC (0.01%), Moody National Bank Trust Division (0.01%), Gulf International Bank UK Ltd (0.01%) and Aurora Investment Managers LLC. (0.01%). Insiders that own company stock include Frank Simuro, John W Hill, Laura Cox Kaplan, Lisa Ruggles, Michael J Desmarais 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 4/12/2024 by MarketBeat.com Staff

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