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

9 Wall Street 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 research analysts is that investors should "moderate buy" CSGP shares.
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9 Wall Street analysts have issued 1 year price targets for CoStar Group's stock. Their CSGP share price targets range from $74.00 to $104.00. On average, they predict the company's stock price to reach $90.09 in the next twelve months. This suggests a possible upside of 8.5% from the stock's current price.
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CoStar Group's stock was trading at $77.28 at the beginning of 2023. Since then, CSGP stock has increased by 7.5% and is now trading at $83.04.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
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CoStar Group, Inc. (NASDAQ:CSGP) released its quarterly earnings results on Tuesday, October, 24th. The technology company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by $0.01. The technology company had revenue of $624.67 million for the quarter, compared to analysts' expectations of $625.65 million. CoStar Group had a net margin of 16.86% and a trailing twelve-month return on equity of 6.49%.

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).

Shares of CoStar Group 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.

CoStar Group issued an update on its FY 2023 earnings guidance on Tuesday, October, 24th. The company provided earnings per share (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.

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.

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).

CoStar Group's stock is owned by a variety of retail and institutional 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.
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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.
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