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 (WHO). Since then, CSGP shares have decreased by 16.0% and is now trading at $547.15. 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) announced its earnings results on Tuesday, February, 25th. The technology company reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.62 by $0.20. The technology company earned $374.73 million during the quarter, compared to analyst estimates of $364.28 million. CoStar Group had a return on equity of 10.25% and a net margin of 22.50%. CoStar Group's revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.81 EPS. View CoStar Group's earnings history.

CoStar Group issued an update on its FY20 earnings guidance on Tuesday, February, 25th. The company provided earnings per share (EPS) guidance of $10.20 to $10.40 for the period, compared to the Thomson Reuters consensus earnings per share 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 equities research analysts have issued 12-month target prices for CoStar Group's stock. Their forecasts range from $550.00 to $840.00. On average, they expect CoStar Group's stock price to reach $715.18 in the next year. This suggests a possible upside of 30.7% from the stock's current price. View analysts' price targets for CoStar Group.

Media coverage about CSGP stock has trended very negative this week, according to InfoTrie. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. CoStar Group earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. 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 daily volume of 294,900 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.8% 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), 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 $547.15.

CoStar Group has a market capitalization of $20.05 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]