CoStar Group Stock Forecast, Price & News

CoStar Group's stock was trading at $651.35 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CSGP shares have increased by 26.1% and is now trading at $821.26.
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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."
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CoStar Group is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
View our earnings forecast for CoStar Group.

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

CoStar Group updated 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 EPS 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.

11 analysts have issued 1-year price targets for CoStar Group's shares. Their forecasts range from $601.00 to $1,000.00. On average, they expect CoStar Group's stock price to reach $833.82 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price.
View analysts' price targets for CoStar Group.

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

Some companies that are related to CoStar Group include Facebook (FB), Equinix (EQIX), SEA (SE), Twitter (TWTR), eBay (EBAY), 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).
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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), Home Depot (HD), Paypal (PYPL), QUALCOMM (QCOM), Visa (V), Johnson & Johnson (JNJ) and Mastercard (MA).

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

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.

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.

CSGP stock was bought 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.

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 $821.26.

CoStar Group has a market capitalization of $32.33 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.

The official website for CoStar Group is 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]