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

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

CoStar Group Inc (NASDAQ:CSGP) posted its quarterly earnings data on Tuesday, October, 22nd. The technology company reported $2.61 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $2.52 by $0.09. The technology company earned $352.81 million during the quarter, compared to the consensus estimate of $353.16 million. CoStar Group had a net margin of 22.48% and a return on equity of 10.42%. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.16 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 fourth quarter earnings guidance on Tuesday, October, 22nd. The company provided EPS guidance of $2.52-2.64 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.89. The company issued revenue guidance of $360-366 million, compared to the consensus revenue estimate of $363.69 million.

9 brokers have issued 12 month price targets for CoStar Group's stock. Their predictions range from $550.00 to $680.00. On average, they expect CoStar Group's share price to reach $627.44 in the next year. This suggests a possible upside of 10.7% from the stock's current price. View Analyst Price Targets for CoStar Group.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last year. There are currently 1 sell rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CoStar Group.

News articles about CSGP stock have been trending somewhat negative on Wednesday, according to InfoTrie. The research group ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CoStar Group earned a media sentiment score of -1.5 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term. View News Stories for CoStar Group.

CoStar Group saw a decline in short interest in September. As of September 30th, there was short interest totalling 214,100 shares, a decline of 51.2% from the August 30th total of 438,400 shares. Based on an average trading volume of 263,300 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the shares of the company are sold short. 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), Cimpress (CMPR), ANGI Homeservices (ANGI), LogMeIn (LOGM), Cornerstone OnDemand (CSOD), Envestnet (ENV), LivePerson (LPSN) and Yelp (YELP).

Based on aggregate information from My MarketBeat watchlists, some companies that other CoStar Group investors own include Adobe (ADBE), Vuzix (VUZI), Mcdonald's (MCD), Align Technology (ALGN), Enterprise Products Partners (EPD), Oracle (ORCL), Marijuana Company Of America (MCOA), Lululemon Athletica (LULU), Ulta Beauty (ULTA) and Dicks Sporting Goods (DKS).

CoStar Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (0.69%), CIBC Private Wealth Group LLC (0.61%), Stephens Investment Management Group LLC (0.41%), Peregrine Capital Management LLC (0.14%), Strs Ohio (0.13%) and Rhumbline Advisers (0.12%). Company insiders that own CoStar Group stock include Andrew C Florance, Christopher J Nassetta, Francis Carchedi, John W Hill, 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 Assenagon Asset Management S.A., Riverbridge Partners LLC, Stephens Investment Management Group LLC, Strs Ohio, Peregrine Capital Management LLC, Altman Advisors Inc., Townsend & Associates Inc and Rhumbline Advisers. Company insiders that have sold CoStar Group company stock in the last year include Andrew C Florance, Christopher J Nassetta, John W Hill, Matthew Linnington and Scott T Wheeler. View Insider Buying and Selling for CoStar Group.

CSGP stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Tuttle Tactical Management, Zurcher Kantonalbank Zurich Cantonalbank, Robeco Institutional Asset Management B.V., Lederer & Associates Investment Counsel CA, Envestnet Asset Management Inc., Summit Creek Advisors LLC and Convergence Investment Partners LLC. 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 $566.73.

CoStar Group has a market capitalization of $20.71 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]