CoStar Group Stock Forecast, Price & News

CoStar Group's stock was trading at $651.35 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CSGP shares have increased by 28.4% and is now trading at $836.01.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last year. There are currently 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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CoStar Group is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
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CoStar Group will be holding an earnings conference call on Tuesday, October 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

CoStar Group, Inc. (NASDAQ:CSGP) announced its earnings results on Tuesday, July, 28th. The technology company reported $2.34 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.00 by $0.34. The technology company earned $392 million during the quarter, compared to analyst estimates of $390.18 million. CoStar Group had a net margin of 19.76% and a return on equity of 8.81%. The company's revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.23 earnings per share.
View CoStar Group's earnings history.

CoStar Group issued an update on its FY20 earnings guidance on Tuesday, July, 28th. The company provided earnings per share guidance of $9.22-9.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.28. The company issued revenue guidance of $1.63-1.64 billion, compared to the consensus revenue estimate of $1.59 billion.

11 Wall Street analysts have issued 12-month price objectives for CoStar Group's shares. Their forecasts range from $601.00 to $1,000.00. On average, they anticipate CoStar Group's stock price to reach $833.82 in the next year. This suggests that the stock has a possible downside of 0.3%.
View analysts' price targets for CoStar Group.

Some companies that are related to CoStar Group include Facebook (FB), Equinix (EQIX), SEA (SE), eBay (EBAY), Twitter (TWTR), VeriSign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), Stamps.com (STMP), Envestnet (ENV), LogMeIn (LOGM), LivePerson (LPSN), J2 Global (JCOM), SPS Commerce (SPSC) and Cornerstone OnDemand (CSOD).
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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.com (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 variety of institutional and retail investors. Top institutional investors include Riverbridge Partners LLC (0.58%), Envestnet Asset Management Inc. (0.13%), Chicago Capital LLC (0.12%), Scout Investments Inc. (0.06%), Hexavest Inc. (0.05%) and Gateway Investment Advisers LLC (0.03%). Company insiders that own CoStar Group stock include Andrew C Florance, Christopher J Nassetta, John W Hill, Laura Cox Kaplan, Lisa Ruggles, Matthew Linnington and Scott T Wheeler.
View institutional ownership trends for CoStar Group.

CSGP stock was sold by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Scout Investments Inc., State of Alaska Department of Revenue, Gateway Investment Advisers LLC, Hexavest Inc., Redpoint Investment Management Pty Ltd, Townsend & Associates Inc, and Chicago Capital LLC. Company insiders that have sold CoStar Group company stock in the last year include Andrew C Florance, Christopher J Nassetta, Laura Cox Kaplan, Lisa Ruggles, Matthew Linnington, and Scott T Wheeler.
View insider buying and selling activity for CoStar Group.

CSGP stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., BTC Capital Management Inc., Jackson Wealth Management LLC, Exane Derivatives, Exane Derivatives, Tributary Capital Management LLC, IFM Investors Pty Ltd, and Vestmark Advisory Solutions Inc..
View insider buying and selling activity for CoStar Group.

Shares of CSGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CSGP stock can currently be purchased for approximately $836.01.

CoStar Group has a market capitalization of $32.91 billion and generates $1.40 billion in revenue each year. The technology company earns $314.96 million in net income (profit) each year or $9.12 on an earnings per share basis. CoStar Group employs 4,337 workers across the globe.

The official website for CoStar Group is www.costargroup.com.

CoStar Group's mailing address is 1331 L STREET NW, WASHINGTON DC, 20005. The technology company can be reached via phone at 202-346-6500 or via email at [email protected]