NASDAQ:CSGP

CoStar Group Stock Forecast, Price & News

$827.49

-3.32 (-0.40 %)

(As of 09/18/2020 09:20 PM ET)

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Today's Range

$814.58

Now: $827.49▼

$836.23

50-Day Range

$785.65

MA: $831.61▼

$877.83

52-Week Range

$500.24

Now: $827.49▼

$939.00

Volume326,100 shs

Average Volume294,901 shs

Market Capitalization$32.58 billion

P/E Ratio101.91

Dividend YieldN/A

Beta1.05

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^™

2.5 Analyst's Opinion

Consensus Rating
CoStar Group has received a consensus rating of Buy. The company's average rating score is 2.91, and is based on 10 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $817.00, CoStar Group has a forecasted downside of 1.3% from its current price of $827.49.
Amount of Analyst Coverage
CoStar Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.2 Community Rank

Outperform Votes
CoStar Group has received 572 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CoStar Group has received 308 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CoStar Group has received 65.00% “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 $21,825,114.00 in company stock.
Percentage Held by Insiders
Only 2.14% of the stock of CoStar Group is held by insiders.
Percentage Held by Institutions
95.06% 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 22.05% in the coming year, from $8.30 to $10.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CoStar Group is 101.91, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of CoStar Group is 101.91, 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 57.01.
Price to Book Value per Share Ratio
CoStar Group has a P/B Ratio of 8.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.58 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 Ratio0.14

Current Ratio14.01

Quick Ratio14.01

Price-To-Earnings

Trailing P/E Ratio101.91

Forward P/E Ratio99.70

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.40 billion

Price / Sales23.27

Cash Flow$12.81 per share

Price / Cash Flow64.58

Book Value$92.96 per share

Price / Book8.90

Profitability

EPS (Most Recent Fiscal Year)$9.12

Net Income$314.96 million

Net Margins19.76%

Return on Equity8.81%

Return on Assets7.24%

Miscellaneous

Employees4,337

Outstanding Shares39,367,000

Market Cap$32.58 billion

Next Earnings Date10/27/2020 (Estimated)

OptionableOptionable

$827.49

-3.32 (-0.40 %)

(As of 09/18/2020 09:20 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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CoStar Group (NASDAQ:CSGP) Frequently Asked Questions

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

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 (WHO). Since then, CSGP shares have increased by 27.0% and is now trading at $827.49.
View which stocks have been most impacted by COVID-19.

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

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.

When is CoStar Group's next earnings date?

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

How were CoStar Group's earnings last quarter?

CoStar Group Inc (NASDAQ:CSGP) issued its quarterly earnings data on Tuesday, July, 28th. The technology company reported $2.34 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.34. The technology company earned $392 million during the quarter, compared to the consensus estimate of $390.18 million. CoStar Group had a net margin of 19.76% and a return on equity of 8.81%. The firm's revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.23 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 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.

What price target have analysts set for CSGP?

11 analysts have issued twelve-month target prices for CoStar Group's shares. Their forecasts range from $601.00 to $925.00. On average, they expect CoStar Group's stock price to reach $817.00 in the next year. This suggests that the stock has a possible downside of 1.3%.
View analysts' price targets for CoStar Group.

Are investors shorting CoStar Group?

CoStar Group saw a drop in short interest in August. As of August 31st, there was short interest totaling 521,600 shares, a drop of 11.5% from the August 15th total of 589,300 shares. Based on an average daily volume of 252,400 shares, the days-to-cover ratio is presently 2.1 days.
View CoStar Group's Short Interest.

Who are some of CoStar Group's key competitors?

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), LogMeIn (LOGM), Envestnet (ENV), Stamps.com (STMP), J2 Global (JCOM), LivePerson (LPSN), SPS Commerce (SPSC) 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 NVIDIA (NVDA), Adobe (ADBE), Alibaba Group (BABA), salesforce.com (CRM), Home Depot (HD), Paypal (PYPL), QUALCOMM (QCOM), Visa (V), Johnson & Johnson (JNJ) and Mastercard (MA).

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 Vanguard Group Inc. (9.13%), BlackRock Inc. (8.58%), Bamco Inc. NY (5.34%), Akre Capital Management LLC (2.43%), Principal Financial Group Inc. (2.04%) and FMR LLC (1.93%). 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.

Which major investors are selling CoStar Group stock?

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., Stephens Investment Management Group LLC, Newbrook Capital Advisors LP, FMR LLC, AQR Capital Management LLC, and Columbus Circle Investors. Company insiders that have sold CoStar Group company stock in the last year include Andrew C Florance, Christopher J Nassetta, Laura Cox Kaplan, Lisa Ruggles, Matthew Linnington, and Scott T Wheeler.
View insider buying and selling activity for CoStar Group.

Which major investors are buying CoStar Group stock?

CSGP stock was purchased by a variety of institutional investors in the last quarter, including Akre Capital Management LLC, BlackRock Inc., Principal Financial Group Inc., Nuveen Asset Management LLC, Vanguard Group Inc., Assenagon Asset Management S.A., Center Lake Capital Management LLC, and Bank of America Corp DE.
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 $827.49.

How big of a company is CoStar Group?

CoStar Group has a market capitalization of $32.58 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 9/21/2020 by MarketBeat.com Staff

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