CoStar Group (CSGP) Stock Price, News & Analysis

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last twelve months. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CSGP shares.
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14 Wall Street research analysts have issued 12-month price objectives for CoStar Group's shares. Their CSGP share price targets range from $84.00 to $111.00. On average, they anticipate the company's stock price to reach $100.50 in the next year. This suggests a possible upside of 19.3% from the stock's current price.
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CoStar Group's stock was trading at $87.39 on January 1st, 2024. Since then, CSGP shares have decreased by 3.6% and is now trading at $84.26.
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CoStar Group saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 8,710,000 shares, an increase of 38.3% from the March 15th total of 6,300,000 shares. Based on an average daily volume of 2,160,000 shares, the days-to-cover ratio is currently 4.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
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CoStar Group will be holding an earnings conference call on Tuesday, April 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

CoStar Group, Inc. (NASDAQ:CSGP) released its earnings results on Tuesday, February, 20th. The technology company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The technology company earned $640 million during the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a net margin of 15.26% and a trailing twelve-month return on equity of 6.08%. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS.

ETFs with the largest weight of CoStar Group (NASDAQ:CSGP) stock in their portfolio include Global X PropTech ETF (PTEC), Sterling Capital Focus Equity ETF (LCG), BNY Mellon Innovators ETF (BKIV), Real Estate Select Sector SPDR Fund (XLRE), Global X E-Commerce ETF (EBIZ), Invesco S&P 500 Equal Weight Real Estate ETF (RSPR), Principal Focused Blue Chip ETF (BCHP) and Invesco S&P 500 Equal Weight Real Estate ETF (EWRE).

CoStar Group shares split on Thursday, June 17th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly created shares were payable to shareholders after the market closes on Monday, June 28th 2021. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

CoStar Group updated its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided EPS guidance of 0.570-0.600 for the period, compared to the consensus estimate of 1.290. The company issued revenue guidance of $2.8 billion-$2.8 billion, compared to the consensus revenue estimate of $2.8 billion.

1,147 employees have rated CoStar Group Chief Executive Officer Andrew C. Florance on Glassdoor.com. Andrew C. Florance has an approval rating of 60% among the company's employees. This puts Andrew C. Florance in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 44.0% of employees surveyed would recommend working at CoStar Group to a friend.

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 (CRM), Home Depot (HD), Johnson & Johnson (JNJ), PayPal (PYPL), QUALCOMM (QCOM), Visa (V) and UnitedHealth Group (UNH).

CoStar Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.25%), Allspring Global Investments Holdings LLC (0.10%), Artemis Investment Management LLP (0.09%), State of Alaska Department of Revenue (0.03%), Azzad Asset Management Inc. ADV (0.02%) and Lakehouse Capital Pty Ltd (0.02%). Insiders that own company stock include Frank Simuro, John W Hill, Laura Cox Kaplan, Lisa Ruggles, Michael J Desmarais and Scott T Wheeler.
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Shares of CSGP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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