S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NASDAQ:CSGP

CoStar Group (CSGP) Stock Price, News & Analysis

$96.22
+1.04 (+1.09%)
(As of 03/27/2024 ET)
Today's Range
$95.33
$96.87
50-Day Range
$81.24
$97.73
52-Week Range
$67.03
$100.38
Volume
1.28 million shs
Average Volume
2.23 million shs
Market Capitalization
$39.30 billion
P/E Ratio
104.59
Dividend Yield
N/A
Price Target
$99.70

CoStar Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
3.6% Upside
$99.70 Price Target
Short Interest
Healthy
1.54% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.70mentions of CoStar Group in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
188.37%
From $0.43 to $1.24 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.

2.85 out of 5 stars

Computer And Technology Sector

292nd out of 588 stocks

Business Services, Not Elsewhere Classified Industry

50th out of 91 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

4x Better than Bitcoin
4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.
The Small Biotech with a BIG Cancer Solution
There's a new cancer treatment so precise, it's been called a "smart bomb." One that can deliver a toxic payload directly to tumors while bypassing healthy cells.
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
3/27/2024
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
+3.6%
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
$1.57 per share
Book Value
$17.97 per share

Miscellaneous

Free Float
401,956,000
Market Cap
$39.30 billion
Optionable
Optionable
Beta
0.83

Social Links

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of CoStar Group was last updated on Monday, March 25, 2024 at 11:34 PM.

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.

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 analysts have issued twelve-month price objectives for CoStar Group's stock. Their CSGP share price targets range from $79.00 to $111.00. On average, they expect the company's stock price to reach $99.70 in the next year. This suggests a possible upside of 3.6% 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 at the beginning of 2024. Since then, CSGP shares have increased by 10.1% and is now trading at $96.22.
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) posted its quarterly earnings results on Tuesday, February, 20th. The technology company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The technology company had revenue of $640 million for 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 business's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share.

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 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.

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

CoStar Group issued an update on its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share guidance of 0.570-0.600 for the period, compared to the consensus earnings per share 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 number 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 3/28/2024 by MarketBeat.com Staff

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