NASDAQ:CSGPCoStar Group Stock Price, Forecast & News

CoStar Group's stock was trading at $651.35 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CSGP stock has increased by 28.8% and is now trading at $839.05.
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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 Inc (NASDAQ:CSGP) issued 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 had revenue of $392 million for the quarter, compared to analysts' expectations of $390.18 million. CoStar Group had a return on equity of 8.81% and a net margin of 19.76%. The business's revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.23 EPS.
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 EPS 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 equities research analysts have issued 1 year price targets for CoStar Group's shares. Their forecasts range from $601.00 to $900.00. On average, they expect CoStar Group's share price to reach $801.55 in the next twelve months. This suggests that the stock has a possible downside of 4.5%.
View analysts' price targets for CoStar Group.

Media stories about CSGP stock have been trending somewhat negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. CoStar Group earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the next few days.
View the latest news about 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), Cimpress (CMPR) and SPS Commerce (SPSC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other CoStar Group investors own include Adobe (ADBE), salesforce.com (CRM), Alibaba Group (BABA), Home Depot (HD), Honeywell International (HON), Johnson & Johnson (JNJ), Netflix (NFLX), NVIDIA (NVDA), Mastercard (MA) and UnitedHealth Group (UNH).

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

CoStar Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (0.62%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), Swiss National Bank (0.39%), Assenagon Asset Management S.A. (0.35%), Peregrine Capital Management LLC (0.14%) and Chicago Capital LLC (0.12%). Company insiders that own CoStar Group stock include Andrew C Florance, Christopher J Nassetta, 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 Columbus Circle Investors, Russell Investments Group Ltd., Cambridge Investment Research Advisors Inc., Riverbridge Partners LLC, Scout Investments Inc., Sumitomo Mitsui Trust Holdings Inc., Arizona State Retirement System, and State of Alaska Department of Revenue. Company insiders that have sold CoStar Group company stock in the last year include Andrew C Florance, Christopher J Nassetta, Laura Cox Kaplan, and Scott T Wheeler.
View insider buying and selling activity for CoStar Group.

CSGP stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Hexavest Inc., Swiss National Bank, Ironvine Capital Partners LLC, Envestnet Asset Management Inc., UMB Bank N A MO, ProShare Advisors LLC, and WINTON GROUP Ltd.
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 $839.05.

CoStar Group has a market capitalization of $33.03 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]