NASDAQ:CSGP - CoStar Group Stock Price, Forecast & News

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

CoStar Group Inc (NASDAQ:CSGP) announced its earnings results on Tuesday, February, 25th. The technology company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.20. The technology company had revenue of $374.73 million for the quarter, compared to analysts' expectations of $364.28 million. CoStar Group had a net margin of 23.17% and a return on equity of 10.55%. The firm's quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.81 EPS. View CoStar Group's Earnings History.

CoStar Group is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for CoStar Group.

CoStar Group issued an update on its FY20 earnings guidance on Tuesday, February, 25th. The company provided EPS guidance of $10.20 to $10.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.37. The company issued revenue guidance of $1.650 billion to $1.665 billion, compared to the consensus revenue estimate of $1.65 billion.

11 analysts have issued 1 year price objectives for CoStar Group's shares. Their forecasts range from $550.00 to $840.00. On average, they anticipate CoStar Group's share price to reach $680.55 in the next twelve months. This suggests that the stock has a possible downside of 2.5%. View Analyst Price Targets for CoStar Group.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last year. There are currently 1 sell rating, 1 hold rating and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CoStar Group.

News coverage about CSGP stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CoStar Group earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for CoStar Group.

CoStar Group saw a increase in short interest in January. As of January 15th, there was short interest totalling 539,500 shares, an increase of 82.0% from the December 31st total of 296,400 shares. Based on an average daily volume of 301,400 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.5% of the company's shares are short sold. View CoStar Group's Current Options Chain.

Some companies that are related to CoStar Group include Facebook (FB), Equinix (EQIX), eBay (EBAY), Twitter (TWTR), Verisign (VRSN), Akamai Technologies (AKAM), SEA (SE), J2 Global (JCOM), LogMeIn (LOGM), Envestnet (ENV), ANGI Homeservices (ANGI), Cornerstone OnDemand (CSOD), Cimpress (CMPR), Stamps.com (STMP) and Yelp (YELP).

Based on aggregate information from My MarketBeat watchlists, some companies that other CoStar Group investors own include Adobe (ADBE), Align Technology (ALGN), Lululemon Athletica (LULU), Netflix (NFLX), Vuzix (VUZI), Enterprise Products Partners (EPD), Mcdonald's (MCD), Dicks Sporting Goods (DKS), Mastercard (MA) and Oracle (ORCL).

CoStar Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bamco Inc. NY (6.20%), Janus Henderson Group PLC (4.63%), Sands Capital Management LLC (3.76%), Franklin Resources Inc. (2.38%), State Street Corp (2.12%) and Massachusetts Financial Services Co. MA (1.16%). Company insiders that own CoStar Group stock include Andrew C Florance, Christopher J Nassetta, Francis Carchedi, John W Hill, Laura Cox Kaplan, Matthew Linnington, Michael R Klein 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 FMR LLC, Bamco Inc. NY, Prudential Financial Inc., Alliancebernstein L.P., Columbus Circle Investors, Russell Investments Group Ltd., Sands Capital Management LLC and Bank of America Corp DE. Company insiders that have sold CoStar Group company stock in the last year include Andrew C Florance, Christopher J Nassetta, John W Hill, Laura Cox Kaplan, Matthew Linnington and Scott T Wheeler. View Insider Buying and Selling for CoStar Group.

CSGP stock was bought by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Janus Henderson Group PLC, LMR Partners LLP, Scout Investments Inc., Fred Alger Management LLC, Franklin Resources Inc., Maplelane Capital LLC and TD Asset Management Inc.. View Insider Buying and Selling 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 $698.25.

CoStar Group has a market capitalization of $25.58 billion and generates $1.19 billion in revenue each year. The technology company earns $238.33 million in net income (profit) each year or $7.40 on an earnings per share basis. CoStar Group employs 3,705 workers across the globe.View Additional Information About CoStar Group.

The official website for CoStar Group is http://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]