CoStar Group (CSGP) Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CSGP shares.
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12 equities research analysts have issued 1-year price targets for CoStar Group's stock. Their CSGP share price forecasts range from $68.00 to $100.00. On average, they anticipate the company's stock price to reach $87.08 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price.
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CoStar Group's stock was trading at $77.28 at the beginning of 2023. Since then, CSGP stock has increased by 6.0% and is now trading at $81.88.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
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CoStar Group, Inc. (NASDAQ:CSGP) released its quarterly earnings data on Tuesday, April, 25th. The technology company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.04. The technology company had revenue of $584.37 million for the quarter, compared to analysts' expectations of $579.36 million. CoStar Group had a net margin of 16.32% and a trailing twelve-month return on equity of 6.73%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share.

ETFs with the largest weight of CoStar Group (NASDAQ:CSGP) stock in their portfolio include Sterling Capital Focus Equity ETF (LCG), Global X E-Commerce ETF (EBIZ), iShares U.S. Real Estate ETF (IYR), First Trust Multi-Manager Large Growth ETF (MMLG), First Trust S-Network Global E-Commerce ETF (ISHP), First Trust NASDAQ 100 Ex-Technology Sector Index Fund (QQXT), ROBO Global Artificial Intelligence ETF (THNQ) and Global X Founder-Run Companies ETF (BOSS).

Shares of CoStar Group split on Thursday, June 17th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly created shares were issued to shareholders after the closing bell 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.

CoStar Group issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $0.29-$0.30 for the period, compared to the consensus earnings per share estimate of $0.26. The company issued revenue guidance of $603.00 million-$608.00 million, compared to the consensus revenue estimate of $604.36 million.

1,147 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. 44.0% of employees surveyed would recommend working at CoStar Group to a friend.

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).

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

CoStar Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.81%), Principal Financial Group Inc. (4.72%), State Street Corp (3.68%), Baillie Gifford & Co. (3.02%), Geode Capital Management LLC (2.40%) and Sands Capital Management LLC (2.35%). Insiders that own company stock include Andrew C Florance, Andrew C Florance, Frederick G Saint, John W Hill, Laura Cox Kaplan, Lisa Ruggles, Matthew Linnington, Michael J Desmarais, Scott T Wheeler and Scott T Wheeler.
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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.
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One share of CSGP stock can currently be purchased for approximately $81.88.

CoStar Group (NASDAQ:CSGP) has a market capitalization of $33.45 billion and generates $2.18 billion in revenue each year. The technology company earns $369.45 million in net income (profit) each year or $0.91 on an earnings per share basis.

The company employs 5,653 workers across the globe.

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.