S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Disney Stock Catches 3 Upgrades In a Single Week
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Disney Stock Catches 3 Upgrades In a Single Week
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Disney Stock Catches 3 Upgrades In a Single Week
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
3 Value Stocks Too Small For Buffett’s Portfolio
Stock market today: Asian shares are mostly higher after another set of Wall St records
Foot Locker Builds Up Another Head of Steam; Gains Imminent
Disney Stock Catches 3 Upgrades In a Single Week
Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Algeria's government pushes staples to subsidized markets to stave off Ramadan shortages
NASDAQ:CSGP

CoStar Group (CSGP) Stock Price, News & Analysis

$96.60
+0.38 (+0.39%)
(As of 03/28/2024 ET)
Today's Range
$96.13
$97.64
50-Day Range
$81.24
$97.73
52-Week Range
$67.22
$100.38
Volume
2.21 million shs
Average Volume
2.59 million shs
Market Capitalization
$39.45 billion
P/E Ratio
105.00
Dividend Yield
N/A
Price Target
$99.70

CoStar Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
3.2% Upside
$99.70 Price Target
Short Interest
Healthy
1.54% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.90mentions of CoStar Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
165.91%
From $0.44 to $1.17 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.09 out of 5 stars

Computer And Technology Sector

287th out of 588 stocks

Business Services, Not Elsewhere Classified Industry

53rd out of 90 stocks

CSGP stock logo

About CoStar Group Stock (NASDAQ:CSGP)

CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information. It also provides Leasing, a tool to capture, manage, and maintain lease data; CoStar Lease Analysis; Public Record, a searchable database of commercially zoned parcels; CoStar Real Estate Manager, a real estate lease administration, portfolio management, and lease accounting compliance software solution; and CoStar Risk Analytics and CoStar Investment. In addition, it offers apartment marketing sites, such as ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, WestsideRentals.com, AFTER55.com, CorporateHousing.com, ForRentUniversity.com, Apartamentos.com, and Off Campus Partners; LoopNet Premium Lister; LoopNet Diamond, Platinum, and Gold Ads; LandsofAmerica.com, LandAndFarm.com, and LandWatch.com for rural land for-sale; BizBuySell.com, BizQuest.com, and FindaFranchise.com for operating businesses and franchises for-sale; Ten-X, an online auction platform for commercial real estate; and HomeSnap, an online and mobile software platform, as well as Homes.com, a homes for sale listings site. The company was founded in 1987 and is headquartered in Washington, the District of Columbia.

CSGP Stock Price History

CSGP Stock News Headlines

Bares Capital’s Top 12 Stock Picks
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Deep Dive Into CoStar Gr Stock: Analyst Perspectives (9 Ratings)
CSGP Oct 2024 60.000 put
CSGP Oct 2024 110.000 put
‘A slow-moving train wreck’
Signs point to trouble for SA apartment investors
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Today
3/28/2024
Next Earnings (Estimated)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:CSGP
CUSIP
22160N10
Employees
6,152
Year Founded
1987

Price Target and Rating

Average Stock Price Target
$99.70
High Stock Price Target
$111.00
Low Stock Price Target
$79.00
Potential Upside/Downside
+3.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

Net Income
$374.70 million
Pretax Margin
20.42%

Debt

Sales & Book Value

Annual Sales
$2.46 billion
Cash Flow
$1.59 per share
Book Value
$17.97 per share

Miscellaneous

Free Float
401,956,000
Market Cap
$39.45 billion
Optionable
Optionable
Beta
0.83

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Should I Buy CoStar Group Stock? CSGP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in CoStar Group, Inc.:

  • CoStar Group reported a revenue of $640.00 million during the last quarter, surpassing analyst estimates, indicating strong financial performance.
  • The company had a return on equity of 6.08% and a net margin of 15.26%, showcasing healthy profitability ratios.
  • CoStar Group's revenue for the quarter was up 11.7% compared to the same quarter last year, demonstrating consistent growth.
  • Recent insider transactions, such as Director John W. Hill selling shares at an average price of $84.07, may indicate confidence in the company's future prospects.
  • Wall Street analysts have given CoStar Group a positive outlook, with multiple firms issuing "buy" ratings and raising price targets, suggesting strong market sentiment.

Cons

Investors should be bearish about investing in CoStar Group, Inc. for these reasons:

  • The company's stock price has a high price-to-earnings ratio of 93.60, which may indicate that the stock is currently overvalued compared to its earnings.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, March 25, 2024. Please send any questions or comments about these CoStar Group pros and cons to contact@marketbeat.com.

CSGP Stock Analysis - Frequently Asked Questions

Should I buy or sell CoStar Group stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CoStar Group in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CSGP shares.
View CSGP analyst ratings
or view top-rated stocks.

What is CoStar Group's stock price target for 2024?

12 brokers have issued 1 year target prices for CoStar Group's shares. Their CSGP share price targets range from $79.00 to $111.00. On average, they predict the company's stock price to reach $99.70 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price.
View analysts price targets for CSGP
or view top-rated stocks among Wall Street analysts.

How have CSGP shares performed in 2024?

CoStar Group's stock was trading at $87.39 on January 1st, 2024. Since then, CSGP stock has increased by 10.5% and is now trading at $96.60.
View the best growth stocks for 2024 here
.

When is CoStar Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our CSGP earnings forecast
.

How were CoStar Group's earnings last quarter?

CoStar Group, Inc. (NASDAQ:CSGP) released its 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 business's revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS.

When did CoStar Group's stock split?

Shares of CoStar Group split before market open on Thursday, June 17th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly issued shares were distributed to shareholders after the closing bell 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.

What guidance has CoStar Group issued on next quarter's earnings?

CoStar Group updated 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.

What is Andrew C. Florance's approval rating as CoStar Group's CEO?

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.

What other stocks do shareholders of CoStar Group own?

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).

Who are CoStar Group's major shareholders?

CoStar Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (15.89%), Principal Financial Group Inc. (4.85%), Massachusetts Financial Services Co. MA (2.90%), Baillie Gifford & Co. (2.33%), Akre Capital Management LLC (1.78%) and Sands Capital Management LLC (1.38%). Insiders that own company stock include Frank Simuro, John W Hill, Laura Cox Kaplan, Lisa Ruggles, Michael J Desmarais and Scott T Wheeler.
View institutional ownership trends
.

How do I buy shares of CoStar Group?

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.
Compare Top Brokerages Here.

Does CoStar Group have any subsidiaries?
The following companies are subsidiares of CoStar Group: Homesnap.
Read More
This page (NASDAQ:CSGP) was last updated on 3/29/2024 by MarketBeat.com Staff

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