CoStar Group Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last twelve months. There are currently 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CoStar Group stock.
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CoStar Group saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 544,400 shares, a decline of 24.8% from the February 28th total of 724,200 shares. Based on an average daily volume of 340,900 shares, the short-interest ratio is currently 1.6 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 will be holding an earnings conference call on Tuesday, April 27th 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, Inc. (NASDAQ:CSGP) posted its earnings results on Monday, February, 22nd. The technology company reported $2.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.44. The technology company had revenue of $444.39 million for the quarter, compared to analyst estimates of $433.98 million. CoStar Group had a trailing twelve-month return on equity of 7.58% and a net margin of 17.57%. CoStar Group's revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter last year, the business posted $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 (WHO). Since then, CSGP shares have increased by 38.9% and is now trading at $904.93.
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CoStar Group issued an update on its FY21 earnings guidance on Tuesday, February, 23rd. The company provided earnings per share (EPS) guidance of $10.83-11.03 for the period, compared to the Thomson Reuters consensus 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.

10 brokerages have issued 1 year price targets for CoStar Group's shares. Their forecasts range from $810.00 to $1,000.00. On average, they anticipate CoStar Group's stock price to reach $925.36 in the next twelve months. This suggests a possible upside of 2.3% 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), Equinix (EQIX), Twitter (TWTR), eBay (EBAY), VeriSign (VRSN), Akamai Technologies (AKAM), Opendoor Technologies (OPEN), Angi (ANGI), J2 Global (JCOM), Envestnet (ENV), LivePerson (LPSN), SPS Commerce (SPSC), Stamps.com (STMP) 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 many different institutional and retail investors. Top institutional shareholders include Chicago Capital LLC (0.12%), Royal London Asset Management Ltd. (0.08%), Scout Investments Inc. (0.07%), Spence Asset Management (0.04%), Gateway Investment Advisers LLC (0.03%) and Hexavest Inc. (0.03%). Company insiders that own CoStar Group stock include Andrew C Florance, Christopher J Nassetta, Frederick G Saint, 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 State of Alaska Department of Revenue, Hexavest Inc., EFG Asset Management Americas Corp., Chicago Capital LLC, Redpoint Investment Management Pty Ltd, Gateway Investment Advisers LLC, and Coastal Investment Advisors Inc.. Company insiders that have sold CoStar Group company stock in the last year include Andrew C Florance, Frederick G Saint, Lisa Ruggles, Matthew Linnington, and Scott T Wheeler.
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CSGP stock was acquired by a variety of institutional investors in the last quarter, including XXEC Inc., Scout Investments Inc., Polianta Ltd, Royal London Asset Management Ltd., Fulton Breakefield Broenniman LLC, Spence Asset Management, Jackson Wealth Management LLC, and Paragon Advisors LLC.
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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 $904.93.

CoStar Group has a market capitalization of $35.66 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 4,752 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]