CoStar Group Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last year. There are currently 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CoStar Group stock.
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Wall Street analysts have given CoStar Group a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but CoStar Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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CoStar Group saw a increase in short interest in July. As of July 15th, there was short interest totaling 5,520,000 shares, an increase of 22.1% from the June 30th total of 4,520,000 shares. Based on an average daily volume of 2,190,000 shares, the short-interest ratio is presently 2.5 days.
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CoStar Group is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for CoStar Group.

CoStar Group, Inc. (NASDAQ:CSGP) posted its earnings results on Monday, July, 26th. The technology company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.23 by $0.03. The technology company had revenue of $480.33 million for the quarter, compared to the consensus estimate of $469.88 million. CoStar Group had a net margin of 13.25% and a trailing twelve-month return on equity of 6.68%. The firm's quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.53 earnings per share.
View CoStar Group's earnings history.

CoStar Group's stock was trading at $6.5135 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CSGP stock has increased by 1,234.9% and is now trading at $86.95.
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CoStar Group shares split on the morning of Monday, June 28th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly created shares were issued to shareholders after the market closes on Friday, June 25th 2021. An investor that had 100 shares of CoStar Group stock prior to the split would have 1,000 shares after the split.

CoStar Group issued an update on its FY21 earnings guidance on Tuesday, July, 27th. The company provided EPS guidance of $1.04-1.06 for the period, compared to the Thomson Reuters consensus estimate of $1.13. The company issued revenue guidance of $1.94-1.95 billion, compared to the consensus revenue estimate of $1.95 billion.

9 brokers have issued 1-year price objectives for CoStar Group's shares. Their forecasts range from $8.10 to $98.00. On average, they expect CoStar Group's stock price to reach $18.30 in the next twelve months. This suggests that the stock has a possible downside of 78.9%.
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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), J2 Global (JCOM), Angi (ANGI), Stamps.com (STMP), LivePerson (LPSN), Envestnet (ENV), 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), 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 a number of retail and institutional investors. Top institutional shareholders include TCW Group Inc. (0.08%), Spence Asset Management (0.04%), Scout Investments Inc. (0.03%), State of Alaska Department of Revenue (0.02%), IFM Investors Pty Ltd (0.01%) and EFG Asset Management Americas Corp. (0.01%). Company insiders that own CoStar Group stock include Andrew C Florance, Andrew C Florance, Christopher J Nassetta, Frederick G Saint, Laura Cox Kaplan, Lisa Ruggles, Matthew Linnington and Scott T Wheeler.
View institutional ownership trends for CoStar Group.

CSGP stock was bought by a variety of institutional investors in the last quarter, including TCW Group Inc., Spence Asset Management, Scout Investments Inc., State of Alaska Department of Revenue, IFM Investors Pty Ltd, EFG Asset Management Americas Corp., Aurora Investment Managers LLC., and DAVENPORT & Co LLC.
View insider buying and selling activity for CoStar Group or or view top insider-buying stocks.

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 $86.95.

CoStar Group has a market capitalization of $34.34 billion and generates $1.66 billion in revenue each year. The technology company earns $227.13 million in net income (profit) each year or $0.88 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]