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NASDAQ:CSGP

CoStar Group (CSGP) Stock Price, News & Analysis

$86.85
-0.67 (-0.77%)
(As of 05/21/2024 ET)
Today's Range
$86.75
$87.86
50-Day Range
$84.18
$97.73
52-Week Range
$67.35
$100.38
Volume
1.17 million shs
Average Volume
2.09 million shs
Market Capitalization
$35.46 billion
P/E Ratio
118.97
Dividend Yield
N/A
Price Target
$102.46

CoStar Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
18.0% Upside
$102.46 Price Target
Short Interest
Bearish
2.28% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.95mentions of CoStar Group in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$11.72 M Sold Last Quarter
Proj. Earnings Growth
151.11%
From $0.45 to $1.13 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.

3.96 out of 5 stars

Computer And Technology Sector

155th out of 591 stocks

Business Services, Not Elsewhere Classified Industry

33rd out of 87 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

CoStar Group: Strong Growth Momentum
Zillow’s Sales Rise, Beating Estimates
CoStar Group Sees Q2 Results In Line With View; Lifts FY Outlook
See More Headlines
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Company Calendar

Last Earnings
4/23/2024
Today
5/21/2024
Next Earnings (Estimated)
7/23/2024
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
$102.46
High Stock Price Target
$111.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+18.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
15 Analysts

Profitability

Net Income
$374.70 million
Pretax Margin
15.69%

Debt

Sales & Book Value

Annual Sales
$2.46 billion
Cash Flow
$1.56 per share
Book Value
$17.97 per share

Miscellaneous

Free Float
401,931,000
Market Cap
$35.46 billion
Optionable
Optionable
Beta
0.84

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CSGP Stock Analysis - Frequently Asked Questions

Should I buy or sell CoStar Group stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last year. There are currently 3 hold ratings and 12 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 target for 2024?

15 analysts have issued 1-year target prices for CoStar Group's stock. Their CSGP share price targets range from $85.00 to $111.00. On average, they anticipate the company's share price to reach $102.46 in the next twelve months. This suggests a possible upside of 18.0% 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 2024?

CoStar Group's stock was trading at $87.39 on January 1st, 2024. Since then, CSGP shares have decreased by 0.6% and is now trading at $86.85.
View the best growth stocks for 2024 here
.

When is CoStar Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our CSGP earnings forecast
.

How were CoStar Group's earnings last quarter?

CoStar Group, Inc. (NASDAQ:CSGP) released its quarterly earnings data on Tuesday, April, 23rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. The technology company earned $656.40 million during the quarter, compared to the consensus estimate of $649.27 million. CoStar Group had a trailing twelve-month return on equity of 4.95% and a net margin of 11.64%.

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 minted shares were issued 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 second quarter 2024 earnings guidance on Tuesday, April, 23rd. The company provided earnings per share (EPS) guidance of 0.090-0.100 for the period, compared to the consensus estimate of 0.090. The company issued revenue guidance of $674.0 million-$679.0 million, compared to the consensus revenue estimate of $682.2 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).

Who are CoStar Group's major shareholders?

CoStar Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.03%), Principal Financial Group Inc. (4.80%), Bamco Inc. NY (4.74%), Janus Henderson Group PLC (2.89%), Baillie Gifford & Co. (2.27%) and Akre Capital Management LLC (1.78%). 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 5/21/2024 by MarketBeat.com Staff

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