NASDAQ:CSGPCoStar Group Stock Price, Forecast & News

CoStar Group's stock was trading at $651.35 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CSGP stock has increased by 26.6% and is now trading at $824.74.
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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."
View analyst ratings for CoStar Group.

CoStar Group is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
View our earnings forecast for CoStar Group.

CoStar Group Inc (NASDAQ:CSGP) announced its quarterly earnings results on Tuesday, July, 28th. The technology company reported $2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.34. The technology company earned $392 million during the quarter, compared to analyst estimates 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 for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the company posted $2.23 EPS.
View CoStar Group's earnings history.

CoStar Group updated its FY20 earnings guidance on Tuesday, July, 28th. The company provided EPS guidance of $9.22-9.42 for the period, compared to the Thomson Reuters consensus 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 brokers have issued 12 month target prices 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 year. This suggests that the stock has a possible downside of 2.8%.
View analysts' price targets for CoStar Group.

Headlines about CSGP stock have been trending negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. CoStar Group earned a coverage optimism score of -2.4 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about CoStar Group.

CoStar Group saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,020,000 shares, an increase of 22.1% from the May 31st total of 835,600 shares. Based on an average trading volume of 328,700 shares, the days-to-cover ratio is currently 3.1 days.
View CoStar Group's Short Interest.

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), Envestnet (ENV), Stamps.com (STMP), 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), NVIDIA (NVDA), salesforce.com (CRM), Home Depot (HD), Alibaba Group (BABA), Honeywell International (HON), Netflix (NFLX), Bristol-Myers Squibb (BMY), Johnson & Johnson (JNJ) and Visa (V).

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 Akre Capital Management LLC (2.43%), Principal Financial Group Inc. (2.04%), FMR LLC (1.93%), Federated Hermes Inc. (0.68%), Winslow Capital Management LLC (0.66%) and Blair William & Co. IL (0.65%). Company insiders that own CoStar Group stock include Andrew C Florance, Christopher J Nassetta, John W Hill, Laura Cox Kaplan, Matthew Linnington 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 CIBC Private Wealth Group LLC, Winslow Capital Management LLC, Marshall Wace North America L.P., FMR LLC, Columbus Circle Investors, PNC Financial Services Group Inc., Russell Investments Group Ltd., and Cambridge Investment Research Advisors Inc.. Company insiders that have sold CoStar Group company stock in the last year include Andrew C Florance, Christopher J Nassetta, Laura Cox Kaplan, Matthew Linnington, 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 Akre Capital Management LLC, Principal Financial Group Inc., Assenagon Asset Management S.A., TD Asset Management Inc., TimesSquare Capital Management LLC, Hexavest Inc., Bank of New York Mellon Corp, and UBS Oconnor LLC.
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 $824.74.

CoStar Group has a market capitalization of $32.47 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]