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

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

CoStar Group Inc (NASDAQ:CSGP) released its earnings results on Tuesday, October, 22nd. The technology company reported $2.61 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.52 by $0.09. The technology company had revenue of $352.81 million for the quarter, compared to the consensus estimate of $353.16 million. CoStar Group had a return on equity of 10.55% and a net margin of 23.17%. CoStar Group's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.16 earnings per share. 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 earnings per share guidance of $2.52-2.64 for the period, compared to the Thomson Reuters consensus estimate of $2.89. The company issued revenue guidance of $360-366 million, compared to the consensus revenue estimate of $363.69 million.

11 brokerages have issued 1-year target prices for CoStar Group's stock. Their forecasts range from $550.00 to $750.00. On average, they anticipate CoStar Group's stock price to reach $639.18 in the next twelve months. This suggests that the stock has a possible downside of 1.6%. 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 stories about CSGP stock have trended somewhat negative on Sunday, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. CoStar Group earned a news impact score of -1.7 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 immediate future. View News Stories for CoStar Group.

CoStar Group saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 539,500 shares, an increase of 82.0% from the December 15th total of 296,400 shares. Based on an average daily trading volume, of 310,700 shares, the short-interest ratio is presently 1.7 days. Approximately 1.5% of the shares of the stock 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), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), Cornerstone OnDemand (CSOD), Cimpress (CMPR), LivePerson (LPSN) 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), Vuzix (VUZI), Enterprise Products Partners (EPD), Mcdonald's (MCD), Netflix (NFLX), Dicks Sporting Goods (DKS), Oracle (ORCL) and Ulta Beauty (ULTA).

CoStar Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (0.69%), Peregrine Capital Management LLC (0.14%), Chicago Capital LLC (0.14%), Scout Investments Inc. (0.13%), Gateway Investment Advisers LLC (0.05%) and Nisa Investment Advisors LLC (0.01%). 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 Tocqueville Asset Management L.P., Gateway Investment Advisers LLC, Summit Creek Advisors LLC, Riverbridge Partners LLC, First Hawaiian Bank, Cerebellum GP LLC, IFM Investors Pty Ltd and IBM Retirement Fund. 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 purchased by a variety of institutional investors in the last quarter, including Scout Investments Inc., AE Wealth Management LLC, Peregrine Capital Management LLC, Manchester Financial Inc., Fulton Breakefield Broenniman LLC, Townsend & Associates Inc, Lenox Wealth Advisors LLC and Allred Capital Management 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 $649.63.

CoStar Group has a market capitalization of $23.80 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]