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QQQ   324.08
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NASDAQ:CSGP

CoStar Group - CSGP Stock Forecast, Price & News

$73.86
-0.87 (-1.16%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$73.69
$75.96
50-Day Range
$55.16
$74.73
52-Week Range
$49.00
$101.05
Volume
1.67 million shs
Average Volume
1.70 million shs
Market Capitalization
$29.24 billion
P/E Ratio
87.93
Dividend Yield
N/A
Price Target
$79.88

CoStar Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
8.1% Upside
$79.88 Price Target
Short Interest
Healthy
0.77% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.58mentions of CoStar Group in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$349,178 Sold Last Quarter
Proj. Earnings Growth
16.49%
From $0.97 to $1.13 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Computer And Technology Sector

265th out of 658 stocks

Business Services, Not Elsewhere Classified Industry

43rd out of 104 stocks

CSGP stock logo

About CoStar Group (NASDAQ:CSGP) Stock

CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information. The company also provides Lease Comps and Analysis, a tool to capture, manage, and maintain lease data; CoStar Lease Analysis; Public Record, a searchable database of commercially-zoned parcels; CoStar Real Estate Manager, a real estate lease administration, portfolio management, and lease accounting compliance software solution; and CoStar Risk Analytics and CoStar Investment Analysis that provides market research, consulting and analysis, portfolio and debt analysis, and management and reporting services, as well as STAR Report that offers benchmarking and analytics services for the hospitality industry. In addition, it offers apartment marketing sites, such as ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, WestsideRentals.com, AFTER55.com, CorporateHousing.com, ForRentUniversity.com, Apartamentos.com, and Off Campus Partners; LoopNet Premium Lister; LoopNet Diamond, Platinum, and Gold Ads; LandsofAmerica.com, LandAndFarm.com, and LandWatch.com for rural land for-sale; BizBuySell.com, BizQuest.com, and FindaFranchise.com for operating businesses and franchises for-sale; Ten-X, an online auction platform for commercial real estate; and HomeSnap, an online and mobile software platform, as well as Homes.com, a homes for sale listings site. CoStar Group, Inc. was founded in 1987 and is headquartered in Washington, the District of Columbia.

CoStar Group Stock Up 2.5 %

Shares of CSGP opened at $74.73 on Thursday. The company has a market capitalization of $29.59 billion, a PE ratio of 88.96 and a beta of 0.92. CoStar Group has a 12 month low of $49.00 and a 12 month high of $101.05. The stock's 50-day moving average price is $62.68 and its two-hundred day moving average price is $62.75. The company has a current ratio of 11.95, a quick ratio of 11.95 and a debt-to-equity ratio of 0.17.

CoStar Group (NASDAQ:CSGP - Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.11. CoStar Group had a return on equity of 7.31% and a net margin of 16.03%. During the same period in the prior year, the business posted $0.22 EPS. On average, analysts anticipate that CoStar Group will post 0.97 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Truist Financial raised their price objective on CoStar Group to $75.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Citigroup raised their price objective on CoStar Group from $65.00 to $70.00 in a report on Wednesday, April 27th. Finally, Needham & Company LLC raised their price objective on CoStar Group from $77.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.88.

Insider Activity

In other news, Director John W. Hill sold 1,750 shares of the business's stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $57.07, for a total value of $99,872.50. Following the transaction, the director now directly owns 21,998 shares of the company's stock, valued at approximately $1,255,425.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director John W. Hill sold 1,750 shares of the business's stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $57.07, for a total value of $99,872.50. Following the transaction, the director now directly owns 21,998 shares of the company's stock, valued at approximately $1,255,425.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Desmarais sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $72.51, for a total value of $145,020.00. Following the completion of the sale, the insider now directly owns 39,619 shares of the company's stock, valued at $2,872,773.69. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.

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CSGP Stock News Headlines

Apartments.com Publishes July 2022 Rent Growth Report
Apartment Rents Begin Tapering Off After Record Growth
Brokerages Set CoStar Group, Inc. (NASDAQ:CSGP) PT at $79.88
Why the CoStar Group Popped 15.7% This Week
CoStar Group (NASDAQ:CSGP) PT Raised to $80.00
CoStar Group (NASDAQ:CSGP) Shares Gap Up on Earnings Beat
Why Shares of CoStar Rose Today
CoStar Group Raises FY22 Outlook
Here's what Wall Street expects from CoStar Group's earnings
CoStar Group (CSGP) Scheduled to Post Earnings on Tuesday
See More Headlines
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CSGP Company Calendar

Last Earnings
7/26/2022
Today
8/11/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:CSGP
CUSIP
22160N10
Employees
4,742
Year Founded
1987

Price Target and Rating

Average Stock Price Forecast
$79.88
High Stock Price Forecast
$97.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+8.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
$292.56 million
Pretax Margin
21.68%

Debt

Sales & Book Value

Annual Sales
$1.94 billion
Cash Flow
$1.51 per share
Book Value
$14.86 per share

Miscellaneous

Free Float
390,564,000
Market Cap
$29.24 billion
Optionable
Optionable
Beta
0.92

Social Links















CSGP Stock - Frequently Asked Questions

Should I buy or sell CoStar Group stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CSGP shares.
View CSGP analyst ratings
or view top-rated stocks.

What is CoStar Group's stock price forecast for 2022?

8 Wall Street research analysts have issued twelve-month target prices for CoStar Group's stock. Their CSGP share price forecasts range from $65.00 to $97.00. On average, they predict the company's stock price to reach $79.88 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for CSGP
or view top-rated stocks among Wall Street analysts.

How have CSGP shares performed in 2022?

CoStar Group's stock was trading at $79.03 on January 1st, 2022. Since then, CSGP stock has decreased by 6.5% and is now trading at $73.86.
View the best growth stocks for 2022 here
.

When is CoStar Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our CSGP earnings forecast
.

How were CoStar Group's earnings last quarter?

CoStar Group, Inc. (NASDAQ:CSGP) released its earnings results on Tuesday, July, 26th. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. CoStar Group had a trailing twelve-month return on equity of 7.31% and a net margin of 16.03%. During the same quarter last year, the business posted $0.22 EPS.

When did CoStar Group's stock split?

Shares of CoStar Group split 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.

What guidance has CoStar Group issued on next quarter's earnings?

CoStar Group updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $1.09-$1.13 for the period, compared to the consensus EPS estimate of $1.02. The company issued revenue guidance of $2.17 billion-$2.18 billion, compared to the consensus revenue estimate of $2.17 billion.

What is Andrew C. Florance's approval rating as CoStar Group's CEO?

826 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.

What other stocks do shareholders of CoStar Group own?

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).

What is CoStar Group's stock symbol?

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

Who are CoStar Group's major shareholders?

CoStar Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (5.09%), Baillie Gifford & Co. (3.32%), Franklin Resources Inc. (2.26%), Parnassus Investments LLC (2.13%), Akre Capital Management LLC (1.80%) and Veritas Asset Management LLP (1.01%). Insiders that own company stock include Andrew C Florance, Andrew C Florance, Christopher J Nassetta, Frederick G Saint, John W Hill, Laura Cox Kaplan, Lisa Ruggles, Matthew Linnington, Michael J Desmarais, Scott T Wheeler and Scott T Wheeler.
View institutional ownership trends
.

How do I buy shares of CoStar Group?

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.
Compare Top Brokerages Here.

What is CoStar Group's stock price today?

One share of CSGP stock can currently be purchased for approximately $73.86.

How much money does CoStar Group make?

CoStar Group (NASDAQ:CSGP) has a market capitalization of $29.24 billion and generates $1.94 billion in revenue each year. The technology company earns $292.56 million in net income (profit) each year or $0.84 on an earnings per share basis.

How many employees does CoStar Group have?

The company employs 4,742 workers across the globe.

Does CoStar Group have any subsidiaries?

The following companies are subsidiares of CoStar Group: Homesnap.
Read More

When was CoStar Group founded?

CoStar Group was founded in 1987.

How can I contact CoStar Group?

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.

This page (NASDAQ:CSGP) was last updated on 8/12/2022 by MarketBeat.com Staff

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