NASDAQ:CSGPCoStar Group Stock Price, Forecast & News

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 stock has decreased by 5.5% and is now trading at $615.55. View which stocks have been mosted impacted by Coronavirus.

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

CoStar Group is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for CoStar Group.

CoStar Group Inc (NASDAQ:CSGP) released its earnings results on Tuesday, February, 25th. The technology company reported $2.82 EPS for the quarter, beating the Zacks' consensus estimate of $2.62 by $0.20. The technology company had revenue of $374.73 million for the quarter, compared to the consensus estimate of $364.28 million. CoStar Group had a net margin of 22.50% and a return on equity of 10.25%. CoStar Group's revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 EPS. View CoStar Group's earnings history.

CoStar Group issued an update on its FY20 earnings guidance on Tuesday, February, 25th. The company provided EPS guidance of $10.20 to $10.40 for the period, compared to the Thomson Reuters consensus estimate of $10.37. The company issued revenue guidance of $1.650 billion to $1.665 billion, compared to the consensus revenue estimate of $1.65 billion.

11 brokers have issued 1 year price targets for CoStar Group's shares. Their forecasts range from $550.00 to $840.00. On average, they anticipate CoStar Group's share price to reach $715.18 in the next twelve months. This suggests a possible upside of 16.2% from the stock's current price. View analysts' price targets for CoStar Group.

Media headlines about CSGP stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. CoStar Group earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutCoStar Group.

CoStar Group saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 661,700 shares, an increase of 26.6% from the February 27th total of 522,700 shares. Based on an average trading volume of 294,900 shares, the short-interest ratio is presently 2.2 days. Currently, 1.8% of the shares of the stock are sold short. View CoStar Group's Current Options Chain.

Some companies that are related to CoStar Group include Facebook (FB), Equinix (EQIX), eBay (EBAY), Verisign (VRSN), Twitter (TWTR), Akamai Technologies (AKAM), SEA (SE), LogMeIn (LOGM), J2 Global (JCOM), Envestnet (ENV), Stamps.com (STMP), ANGI Homeservices (ANGI), Cornerstone OnDemand (CSOD), SPS Commerce (SPSC) and NIC (EGOV).

Based on aggregate information from My MarketBeat watchlists, some companies that other CoStar Group investors own include Adobe (ADBE), salesforce.com (CRM), Mastercard (MA), NVIDIA (NVDA), Johnson & Johnson (JNJ), Mcdonald's (MCD), American Tower (AMT), Alibaba Group (BABA), Walt Disney (DIS) and Shopify (SHOP).

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

CoStar Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.05%) and IBM Retirement Fund (0.00%). Company insiders that own CoStar Group stock include Andrew C Florance, Christopher J Nassetta, Francis Carchedi, John W Hill, Laura Cox Kaplan, Matthew Linnington, Michael R Klein and Scott T Wheeler. View institutional ownership trends for CoStar Group.

CSGP stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and IBM Retirement Fund. 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 $615.55.

CoStar Group has a market capitalization of $22.56 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. 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]