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

CoStar Group's stock was trading at $651.35 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CSGP stock has decreased by 17.2% and is now trading at $539.60. View which stocks have been mosted impacted by Coronavirus.

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.

CoStar Group is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for CoStar Group.

CoStar Group Inc (NASDAQ:CSGP) released its quarterly earnings results on Tuesday, February, 25th. The technology company reported $2.82 earnings per share (EPS) for the quarter, beating 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 22.50% and a return on equity of 10.25%. The company's revenue for the quarter was up 18.7% on a year-over-year basis. During the same period last year, the business earned $2.81 earnings per share. View CoStar Group's earnings history.

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 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 Wall Street analysts have issued 1-year target prices for CoStar Group's stock. Their forecasts range from $550.00 to $840.00. On average, they expect CoStar Group's share price to reach $715.18 in the next year. This suggests a possible upside of 32.5% from the stock's current price. View analysts' price targets for CoStar Group.

Media stories about CSGP stock have been trending very negative on Wednesday, according to InfoTrie. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. CoStar Group earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave news stories 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 stock's share price in the near future. View the latest news aboutCoStar Group.

CoStar Group saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 661,700 shares, an increase of 26.6% from the February 27th total of 522,700 shares. Based on an average trading volume of 294,900 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.8% of the company's stock 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), Verisign (VRSN), Twitter (TWTR), Akamai Technologies (AKAM), SEA (SE), LogMeIn (LOGM), J2 Global (JCOM), Envestnet (ENV), ANGI Homeservices (ANGI), Stamps.com (STMP), Cornerstone OnDemand (CSOD), SPS Commerce (SPSC) and NIC (EGOV).

Based on aggregate information from My MarketBeat watchlists, some companies that other CoStar Group investors own include Adobe (ADBE), Align Technology (ALGN), Netflix (NFLX), Mastercard (MA), Lululemon Athletica (LULU), NVIDIA (NVDA), salesforce.com (CRM), Enterprise Products Partners (EPD), Mcdonald's (MCD) and Alphabet (GOOG).

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

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 $539.60.

CoStar Group has a market capitalization of $19.77 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. 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]