CoStar Group Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last year. There are currently 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CoStar Group stock.
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CoStar Group saw a increase in short interest in the month of January. As of January 29th, there was short interest totaling 360,300 shares, an increase of 32.6% from the January 14th total of 271,700 shares. Based on an average daily trading volume, of 207,900 shares, the days-to-cover ratio is presently 1.7 days.
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CoStar Group is scheduled to release its next quarterly earnings announcement on Tuesday, April 27th 2021.
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CoStar Group, Inc. (NASDAQ:CSGP) released its quarterly earnings data on Monday, February, 22nd. The technology company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.41 by $0.44. The technology company had revenue of $444.39 million for the quarter, compared to analysts' expectations of $433.98 million. CoStar Group had a net margin of 17.57% and a trailing twelve-month return on equity of 7.58%. The business's quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.82 EPS.
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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. Since then, CSGP shares have increased by 26.5% and is now trading at $823.76.
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CoStar Group updated its FY21 earnings guidance on Tuesday, February, 23rd. The company provided earnings per share guidance of $10.83-11.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $11.42. The company issued revenue guidance of $1.925-1.945 billion, compared to the consensus revenue estimate of $1.91 billion.

9 analysts have issued 12-month price objectives for CoStar Group's stock. Their forecasts range from $810.00 to $1,000.00. On average, they expect CoStar Group's stock price to reach $920.00 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price.
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826 employees have rated CoStar Group CEO Andrew C. Florance on Glassdoor.com. Andrew C. Florance has an approval rating of 60% among CoStar Group's employees. This puts Andrew C. Florance in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to CoStar Group include Facebook (FB), SEA (SE), Twitter (TWTR), Equinix (EQIX), eBay (EBAY), VeriSign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), J2 Global (JCOM), LivePerson (LPSN), SPS Commerce (SPSC), Envestnet (ENV), Stamps.com (STMP), Cornerstone OnDemand (CSOD) and Yelp (YELP).
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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.com (CRM), The 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 Price T Rowe Associates Inc. MD (11.31%), BlackRock Inc. (8.88%), Bamco Inc. NY (4.91%), Janus Henderson Group PLC (3.28%), Akre Capital Management LLC (2.45%) and Sands Capital Management LLC (2.35%). Company insiders that own CoStar Group stock include Andrew C Florance, Christopher J Nassetta, John W Hill, Laura Cox Kaplan, Lisa Ruggles, 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 Nuveen Asset Management LLC, Viking Global Investors LP, Select Equity Group L.P., JPMorgan Chase & Co., Bamco Inc. NY, Price T Rowe Associates Inc. MD, Alliancebernstein L.P., and Janus Henderson Group PLC. Company insiders that have sold CoStar Group company stock in the last year include Andrew C Florance, Lisa Ruggles, Matthew Linnington, and Scott T Wheeler.
View insider buying and selling activity for CoStar Group or view top insider-selling stocks.

CSGP stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Lord Abbett & CO. LLC, Ownership Capital B.V., Findlay Park Partners LLP, FMR LLC, Principal Financial Group Inc., and Principal Financial Group Inc..
View insider buying and selling activity for CoStar Group or or view top insider-buying stocks.

Shares of CSGP 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 $823.76.

CoStar Group has a market capitalization of $32.46 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 4,300 workers across the globe.

CoStar Group was founded in 1987.

The official website for CoStar Group is www.costargroup.com.

CoStar Group is headquartered at 1331 L STREET NW, WASHINGTON DC, 20005.

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]