CoStar Group Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CoStar Group stock.
View analyst ratings for CoStar Group or view top-rated stocks.

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CoStar Group saw a decrease in short interest during the month of August. As of August 13th, there was short interest totaling 4,120,000 shares, a decrease of 36.9% from the July 29th total of 6,530,000 shares. Based on an average daily volume of 2,070,000 shares, the days-to-cover ratio is currently 2.0 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) announced its earnings results on Monday, July, 26th. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. The technology company earned $480.33 million during the quarter, compared to the consensus estimate of $469.88 million. CoStar Group had a trailing twelve-month return on equity of 6.72% and a net margin of 12.68%. The company's revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CSGP stock has increased by 1,256.7% and is now trading at $88.37.
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Shares of CoStar Group split on the morning of Monday, June 28th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly minted shares were distributed to shareholders after the closing bell 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 FY 2021 earnings guidance on Tuesday, August, 3rd. The company provided earnings per share guidance of $1.040-$1.060 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.120. The company issued revenue guidance of $1.94 billion-$1.95 billion, compared to the consensus revenue estimate of $1.95 billion.

6 Wall Street analysts have issued 1-year price objectives for CoStar Group's stock. Their forecasts range from $9.15 to $98.00. On average, they anticipate CoStar Group's stock price to reach $24.70 in the next year. This suggests that the stock has a possible downside of 72.1%.
View analysts' price targets for CoStar Group or view top-rated stocks among Wall Street analysts.

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), SPS Commerce (SPSC), LivePerson (LPSN), Envestnet (ENV) and Perficient (PRFT).
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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 Price T Rowe Associates Inc. MD (11.06%), Vanguard Group Inc. (8.77%), BlackRock Inc. (6.56%), Bamco Inc. NY (4.76%), Principal Financial Group Inc. (3.84%) and Baillie Gifford & Co. (3.04%). Company insiders that own CoStar Group stock include Andrew C Florance, 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 Panagora Asset Management Inc., Natixis, Westfield Capital Management Co. LP, Edgestream Partners L.P., Healthcare of Ontario Pension Plan Trust Fund, and P Schoenfeld Asset Management LP. Company insiders that have sold CoStar Group company stock in the last year include Andrew C Florance, Frederick G Saint, John W Hill, Laura Cox Kaplan, and Scott T Wheeler.
View insider buying and selling activity for CoStar Group or view top insider-selling stocks.

CSGP stock was bought by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Vanguard Group Inc., BlackRock Inc., Bamco Inc. NY, Principal Financial Group Inc., Baillie Gifford & Co., Franklin Resources Inc., and Akre Capital Management 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 $88.37.

CoStar Group has a market capitalization of $34.90 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.

The following companies are subsidiares of CoStar Group: Homesnap.

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].