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.

CoStar Group Stock Up 2.5 %

Shares of CSGP opened at $74.73 on Thursday. The company has a market capitalization of $29.59 billion, a PE ratio of 88.96 and a beta of 0.92. CoStar Group has a 12 month low of $49.00 and a 12 month high of $101.05. The stock's 50-day moving average price is $62.68 and its two-hundred day moving average price is $62.75. The company has a current ratio of 11.95, a quick ratio of 11.95 and a debt-to-equity ratio of 0.17.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Truist Financial raised their price objective on CoStar Group to $75.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Citigroup raised their price objective on CoStar Group from $65.00 to $70.00 in a report on Wednesday, April 27th. Finally, Needham & Company LLC raised their price objective on CoStar Group from $77.00 to $80.00 and gave the company a "buy" rating in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.88.

Insider Activity

In other news, Director John W. Hill sold 1,750 shares of the business's stock in a transaction dated Tuesday, May 24th. The stock was 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 approximately $1,255,425.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director John W. Hill sold 1,750 shares of the business's stock in a transaction dated Tuesday, May 24th. The stock was 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 approximately $1,255,425.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Desmarais sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $72.51, for a total value of $145,020.00. Following the completion of the sale, the insider now directly owns 39,619 shares of the company's stock, valued at $2,872,773.69. The disclosure for this sale can be found here. 1.36% of the stock is owned by company insiders.