CoStar Group Stock Price, News & Analysis (NASDAQ:CSGP)

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

CoStar Group Inc (NASDAQ:CSGP) released its quarterly earnings results on Tuesday, July, 23rd. The technology company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.22. The technology company earned $343.76 million during the quarter, compared to the consensus estimate of $336.71 million. CoStar Group had a return on equity of 10.42% and a net margin of 22.48%. CoStar Group's revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. View CoStar Group's Earnings History.

CoStar Group is scheduled to release their next quarterly earnings announcement on Tuesday, October 22nd 2019. View Earnings Estimates for CoStar Group.

CoStar Group will be holding an earnings conference call on Tuesday, October 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

CoStar Group updated its FY19 earnings guidance on Tuesday, July, 23rd. The company provided earnings per share (EPS) guidance of $10.00-10.14 for the period, compared to the Thomson Reuters consensus estimate of $10.06. The company issued revenue guidance of $1.382-1.390 billion, compared to the consensus revenue estimate of $1.38 billion.

9 equities research analysts have issued twelve-month target prices for CoStar Group's shares. Their forecasts range from $512.00 to $680.00. On average, they anticipate CoStar Group's share price to reach $621.56 in the next year. This suggests a possible upside of 5.3% from the stock's current price. View Analyst Price Targets for CoStar Group.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last year. There are currently 1 sell rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CoStar Group.

Media stories about CSGP stock have trended somewhat negative recently, according to InfoTrie. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CoStar Group earned a news sentiment score of -1.9 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for CoStar Group.

CoStar Group saw a decline in short interest in the month of September. As of September 30th, there was short interest totalling 214,100 shares, a decline of 51.2% from the August 30th total of 438,400 shares. Based on an average trading volume of 263,300 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the company's shares are short sold. View CoStar Group's Current Options Chain.

Some companies that are related to CoStar Group include Booking (BKNG), Fidelity National Information Servcs (FIS), Worldpay (WP), Pinduoduo (PDD), NetEase (NTES), eBay (EBAY), First Data (FDC), Mercadolibre (MELI), Global Payments (GPN), FleetCor Technologies (FLT), Total System Services (TSS), Msci (MSCI), Ctrip.Com International (CTRP), Akamai Technologies (AKAM) and Broadridge Financial Solutions (BR).

Based on aggregate information from My MarketBeat watchlists, some companies that other CoStar Group investors own include Adobe (ADBE), Vuzix (VUZI), Enterprise Products Partners (EPD), Mcdonald's (MCD), Oracle (ORCL), Marijuana Company Of America (MCOA), Align Technology (ALGN), Lululemon Athletica (LULU), Ulta Beauty (ULTA) and Dicks Sporting Goods (DKS).

CoStar Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Riverbridge Partners LLC (0.69%), CIBC Private Wealth Group LLC (0.61%), Peregrine Capital Management LLC (0.14%), Envestnet Asset Management Inc. (0.08%), Assenagon Asset Management S.A. (0.08%) and Robeco Institutional Asset Management B.V. (0.06%). Company insiders that own CoStar Group stock include Andrew C Florance, Christopher J Nassetta, Francis Carchedi, John W Hill, Matthew Linnington, Michael R Klein 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 Assenagon Asset Management S.A., Riverbridge Partners LLC, Peregrine Capital Management LLC, Altman Advisors Inc., Townsend & Associates Inc, Nelson Van Denburg & Campbell Wealth Management Group LLC, Cerebellum GP LLC and Gulf International Bank UK Ltd. Company insiders that have sold CoStar Group company stock in the last year include Andrew C Florance, Christopher J Nassetta, John W Hill, Matthew Linnington and Scott T Wheeler. View Insider Buying and Selling for CoStar Group.

CSGP stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Robeco Institutional Asset Management B.V., Lederer & Associates Investment Counsel CA, Envestnet Asset Management Inc., Summit Creek Advisors LLC, Fulton Breakefield Broenniman LLC, Campbell & CO Investment Adviser LLC and Private Trust Co. NA. View Insider Buying and Selling 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 $590.27.

CoStar Group has a market capitalization of $21.57 billion and generates $1.19 billion in revenue each year. The technology company earns $238.33 million in net income (profit) each year or $7.40 on an earnings per share basis. CoStar Group employs 3,705 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]