CoStar Group (CSGP) Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CSGP shares.
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11 Wall Street research analysts have issued twelve-month price objectives for CoStar Group's shares. Their CSGP share price forecasts range from $68.00 to $101.00. On average, they anticipate the company's stock price to reach $92.00 in the next year. This suggests a possible upside of 21.0% from the stock's current price.
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CoStar Group's stock was trading at $77.28 at the start of the year. Since then, CSGP shares have decreased by 1.6% and is now trading at $76.03.
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CoStar Group saw a decrease in short interest in September. As of September 15th, there was short interest totaling 6,080,000 shares, a decrease of 15.1% from the August 31st total of 7,160,000 shares. Based on an average trading volume of 2,520,000 shares, the days-to-cover ratio is presently 2.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
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CoStar Group, Inc. (NASDAQ:CSGP) announced its quarterly earnings results on Tuesday, July, 25th. The technology company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. The technology company had revenue of $605.91 million for the quarter, compared to analysts' expectations of $607.49 million. CoStar Group had a trailing twelve-month return on equity of 6.61% and a net margin of 16.56%.

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).

CoStar Group shares split before market open on Thursday, June 17th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly issued shares were distributed 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 third quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of $0.29-$0.30 for the period, compared to the consensus estimate of $0.30. The company issued revenue guidance of $622.00 million-$627.00 million, compared to the consensus revenue estimate of $632.43 million.

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 trades on the NASDAQ under the ticker symbol "CSGP."

CoStar Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.87%), Principal Financial Group Inc. (4.66%), State Street Corp (3.75%), Baillie Gifford & Co. (2.92%), Geode Capital Management LLC (2.67%) and Sands Capital Management LLC (2.04%). 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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One share of CSGP stock can currently be purchased for approximately $76.03.

CoStar Group (NASDAQ:CSGP) has a market capitalization of $31.05 billion and generates $2.18 billion in revenue each year. The technology company earns $369.45 million in net income (profit) each year or $0.95 on an earnings per share basis.

The company employs 5,653 workers across the globe.

CoStar Group's mailing address is 1331 L STREET NW, WASHINGTON DC, 20005. The official website for the company is www.costargroup.com. The technology company can be reached via phone at (202) 346-6500, via email at sspray@costar.com, or via fax at 877-739-0486.