CoStar Group (CSGP) Stock Price, News & Analysis

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CSGP shares.
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14 brokerages have issued 1-year price targets for CoStar Group's stock. Their CSGP share price targets range from $79.00 to $111.00. On average, they anticipate the company's share price to reach $100.08 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
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CoStar Group's stock was trading at $87.39 at the start of the year. Since then, CSGP shares have decreased by 2.2% and is now trading at $85.46.
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CoStar Group saw a increase in short interest during 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 presently 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) issued its quarterly earnings results on Tuesday, February, 20th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The technology company had revenue of $640 million for the quarter, compared to analyst estimates 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 firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS.

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

CoStar Group's stock split on the morning of Thursday, June 17th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly minted shares were issued 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 issued an update on its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of 0.570-0.600 for the period, compared to the consensus EPS 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 institutional and retail investors. Top institutional shareholders include Artemis Investment Management LLP (0.09%), Lakehouse Capital Pty Ltd (0.02%), Czech National Bank (0.02%), Park Avenue Securities LLC (0.01%), Moody National Bank Trust Division (0.01%) and Gulf International Bank UK Ltd (0.01%). 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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