NASDAQ:CSGPCoStar Group Stock Price, Forecast & News

$663.65

-3.68 (-0.55 %)

(As of 05/26/2020 04:00 PM ET)

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Today's Range

$661.85

Now: $663.65▼

$679.15

50-Day Range

$526.75

MA: $627.37▼

$678.83

52-Week Range

$496.11

Now: $663.65▼

$746.70

Volume32,253 shs

Average Volume405,850 shs

Market Capitalization$25.90 billion

P/E Ratio80.44

Dividend YieldN/A

Beta1.12

CoStar Group, Inc. provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional that covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStar Lease Comps, a solution to capture, manage, and maintain lease data; CoStar Lease Analysis, a workflow tool; CoStar Advertising to market a space for lease or a property for sale; CoStar Private Sale Network, which provides custom-designed and branded Websites; and CoStar and CoStar Go CoStar mobile apps. In addition, the company offers CoStar Real Estate Manager, a real estate and asset management, and lease accounting software; CoStar Risk Analytics, a commercial real estate risk management tool; CoStar Brokerage Applications; CoStar Investment Analysis Request, a business intelligence software; and CoStar Investment Analysis Portfolio Maximizer, a real estate portfolio management software. Further, it provides apartment marketing sites, such as Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Apartamentos.com, WestsideRentals.com, and Cozy.co; LoopNet Premium Lister and LoopNet Power Listings for commercial real estate professionals; LoopLink, an online real estate marketing and database services suite; Listing Manager, an online listing tool; Realla, a commercial property listings and data management platform; LandsofAmerica, LandAndFarm, and LandWatch online marketplaces for rural land for sale; and BizBuySell and BizQuest online marketplaces for operating businesses for sale. The company has a strategic relationship with Buxton Company. The company was founded in 1987 and is headquartered in Washington, the District of Columbia.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
CoStar Group has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 8 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $715.20, CoStar Group has a potential upside of 7.7% from its current price of $663.76.
Amount of Analyst Coverage
CoStar Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.2 Community Rank

Outperform Votes
CoStar Group has received 558 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CoStar Group has received 304 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CoStar Group has received 64.73% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about CoStar Group and other stocks. Vote “Outperform” if you believe CSGP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CSGP will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
CoStar Group does not currently pay a dividend.
Dividend Growth
CoStar Group does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CoStar Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $26,530,116.00 in company stock.
Percentage Held by Insiders
Only 1.67% of the stock of CoStar Group is held by insiders.
Percentage Held by Institutions
94.75% of the stock of CoStar Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for CoStar Group are expected to grow by 31.37% in the coming year, from $8.13 to $10.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CoStar Group is 80.46, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of CoStar Group is 80.46, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.78.
Price to Book Value per Share Ratio
CoStar Group has a P/B Ratio of 7.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.56 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Business services, not elsewhere classified

Sub-IndustryInternet Software & Services

SectorComputer and Technology

Current SymbolNASDAQ:CSGP

Previous Symbol

CUSIP22160N10

CIK1057352

Webwww.costargroup.com

Phone202-346-6500

Debt

Debt-to-Equity Ratio0.22

Current Ratio8.75

Quick Ratio8.75

Price-To-Earnings

Trailing P/E Ratio80.44

Forward P/E Ratio81.63

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.40 billion

Price / Sales18.50

Cash Flow$12.90 per share

Price / Cash Flow51.44

Book Value$92.96 per share

Price / Book7.14

Profitability

EPS (Most Recent Fiscal Year)$9.12

Net Income$314.96 million

Net Margins20.68%

Return on Equity9.84%

Return on Assets8.29%

Miscellaneous

Employees4,337

Outstanding Shares39,020,000

Market Cap$25.90 billion

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

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CoStar Group (NASDAQ:CSGP) Frequently Asked Questions

How has CoStar Group's stock been impacted by COVID-19 (Coronavirus)?

CoStar Group's stock was trading at $651.35 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CSGP shares have increased by 1.9% and is now trading at $663.76. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CoStar Group?

10 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 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CoStar Group.

When is CoStar Group's next earnings date?

CoStar Group is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for CoStar Group.

How were CoStar Group's earnings last quarter?

CoStar Group Inc (NASDAQ:CSGP) announced its quarterly earnings results on Tuesday, April, 28th. The technology company reported $2.44 EPS for the quarter, beating the Zacks' consensus estimate of $2.27 by $0.17. The technology company earned $392 million during the quarter, compared to analysts' expectations of $387.43 million. CoStar Group had a net margin of 20.68% and a return on equity of 9.84%. The business's revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the company earned $2.53 earnings per share. View CoStar Group's earnings history.

What guidance has CoStar Group issued on next quarter's earnings?

CoStar Group issued an update on its second quarter earnings guidance on Tuesday, April, 28th. The company provided earnings per share (EPS) guidance of $2.02 to $2.12 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.92. The company issued revenue guidance of $387 million to $392 million, compared to the consensus revenue estimate of $396.32 million.

What price target have analysts set for CSGP?

10 analysts have issued 12-month price targets for CoStar Group's shares. Their forecasts range from $601.00 to $840.00. On average, they expect CoStar Group's stock price to reach $715.20 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price. View analysts' price targets for CoStar Group.

Has CoStar Group been receiving favorable news coverage?

News articles about CSGP stock have trended negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CoStar Group earned a daily sentiment score of -2.3 on InfoTrie's scale. They also gave news headlines 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 company's share price in the next several days. View the latest news aboutCoStar Group.

Are investors shorting CoStar Group?

CoStar Group saw a decrease in short interest in May. As of May 15th, there was short interest totaling 615,600 shares, a decrease of 16.8% from the April 30th total of 739,900 shares. Based on an average daily volume of 346,400 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.7% of the shares of the stock are sold short. View CoStar Group's Current Options Chain.

Who are some of CoStar Group's key competitors?

Some companies that are related to CoStar Group include Facebook (FB), Equinix (EQIX), eBay (EBAY), SEA (SE), Twitter (TWTR), Verisign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), J2 Global (JCOM), Stamps.com (STMP), LivePerson (LPSN), Cimpress (CMPR) and Cornerstone OnDemand (CSOD). View all competitors.

What other stocks do shareholders of CoStar Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CoStar Group investors own include Adobe (ADBE), salesforce.com (CRM), Alibaba Group (BABA), Home Depot (HD), Honeywell International (HON), Johnson & Johnson (JNJ), Netflix (NFLX), NVIDIA (NVDA), Mastercard (MA) and UnitedHealth Group (UNH).

Who are CoStar Group's key executives?

CoStar Group's management team includes the following people:

Mr. Andrew C. Florance, Co-Founder, CEO, Pres & Director (Age 55)
Mr. Scott T. Wheeler, Chief Financial Officer (Age 55)
Mr. Matthew F. W. Linnington, Exec. VP of Sales (Age 50)
Ms. Lisa C. Ruggles, Sr. VP of Portfolio Research (Age 52)
Mr. Frank A. Simuro, Chief Technology Officer (Age 52)

What is CoStar Group's stock symbol?

CoStar Group trades on the NASDAQ under the ticker symbol "CSGP."

Who are CoStar Group's major shareholders?

CoStar Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.09%), Janus Henderson Group PLC (3.89%), Sands Capital Management LLC (3.09%), Franklin Resources Inc. (2.32%), State Street Corp (2.13%) and Wellington Management Group LLP (1.80%). Company insiders that own CoStar Group stock include Andrew C Florance, Christopher J Nassetta, Francis Carchedi, John W Hill, Laura Cox Kaplan, Matthew Linnington, Michael R Klein and Scott T Wheeler. View institutional ownership trends for CoStar Group.

Which institutional investors are selling CoStar Group stock?

CSGP stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Janus Henderson Group PLC, Sands Capital Management LLC, Mackenzie Financial Corp, Waddell & Reed Financial Inc., Melvin Capital Management LP, JPMorgan Chase & Co., and Newbrook Capital Advisors LP. Company insiders that have sold CoStar Group company stock in the last year include Andrew C Florance, Christopher J Nassetta, John W Hill, Laura Cox Kaplan, Matthew Linnington, and Scott T Wheeler. View insider buying and selling activity for CoStar Group.

Which institutional investors are buying CoStar Group stock?

CSGP stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Wellington Management Group LLP, Akre Capital Management LLC, Invesco Ltd., Massachusetts Financial Services Co. MA, Korea Investment CORP, Lord Abbett & CO. LLC, and Assenagon Asset Management S.A.. View insider buying and selling activity for CoStar Group.

How do I buy shares of 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.

What is CoStar Group's stock price today?

One share of CSGP stock can currently be purchased for approximately $663.76.

How big of a company is CoStar Group?

CoStar Group has a market capitalization of $25.90 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.

What is CoStar Group's official website?

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

How can I contact CoStar Group?

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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff