CoStar Group - CSGP Stock Forecast, Price & News

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.

Wall Street Analyst Weigh In

A number of research firms have commented on CSGP. Truist Financial boosted their price target on shares of CoStar Group to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 27th. Needham & Company LLC boosted their price target on shares of CoStar Group from $77.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, July 27th. Finally, Citigroup boosted their price target on shares of CoStar Group from $65.00 to $70.00 in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $79.88.

CoStar Group Price Performance

Shares of NASDAQ:CSGP traded up $0.21 during midday trading on Monday, reaching $75.27. The company's stock had a trading volume of 33,882 shares, compared to its average volume of 2,253,740. The company has a current ratio of 11.95, a quick ratio of 11.95 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average price of $63.13 and a 200 day moving average price of $62.80. CoStar Group has a one year low of $49.00 and a one year high of $101.05. The company has a market cap of $29.80 billion, a price-to-earnings ratio of 89.36 and a beta of 0.92.

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

Insider Transactions at CoStar Group

In other news, Director John W. Hill sold 1,400 shares of CoStar Group stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $74.49, for a total value of $104,286.00. Following the transaction, the director now directly owns 20,598 shares of the company's stock, valued at $1,534,345.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director John W. Hill sold 1,750 shares of CoStar Group stock in a transaction that occurred on Tuesday, May 24th. The shares were 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 $1,255,425.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John W. Hill sold 1,400 shares of CoStar Group stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $74.49, for a total transaction of $104,286.00. Following the completion of the transaction, the director now directly owns 20,598 shares in the company, valued at $1,534,345.02. The disclosure for this sale can be found here. Insiders have sold a total of 5,150 shares of company stock valued at $349,179 over the last ninety days. Corporate insiders own 1.42% of the company's stock.