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NASDAQ:CSGP

CoStar Group (CSGP) Stock Price, News & Analysis

$85.88
-1.65 (-1.89%)
(As of 03:39 PM ET)
Today's Range
$85.65
$87.73
50-Day Range
$81.24
$97.73
52-Week Range
$67.35
$100.38
Volume
1.59 million shs
Average Volume
2.14 million shs
Market Capitalization
$35.07 billion
P/E Ratio
93.35
Dividend Yield
N/A
Price Target
$100.08

CoStar Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
16.1% Upside
$100.08 Price Target
Short Interest
Bearish
2.13% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.68mentions of CoStar Group in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
152.27%
From $0.44 to $1.11 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.

3.42 out of 5 stars

Computer And Technology Sector

246th out of 592 stocks

Business Services, Not Elsewhere Classified Industry

38th out of 89 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

CoStar Group (CSGP) Scheduled to Post Earnings on Tuesday
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
Beyond The Numbers: 13 Analysts Discuss CoStar Gr Stock
CoStar Group (CSGP) Gets a Buy from KBW
CoStar Group Inc.
Bares Capital’s Top 12 Stock Picks
Deep Dive Into CoStar Gr Stock: Analyst Perspectives (9 Ratings)
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Today
4/16/2024
Next Earnings (Confirmed)
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
$100.08
High Stock Price Target
$111.00
Low Stock Price Target
$79.00
Potential Upside/Downside
+16.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
14 Analysts

Profitability

Net Income
$374.70 million
Pretax Margin
20.42%

Debt

Sales & Book Value

Annual Sales
$2.46 billion
Cash Flow
$1.49 per share
Book Value
$17.97 per share

Miscellaneous

Free Float
401,956,000
Market Cap
$35.07 billion
Optionable
Optionable
Beta
0.84

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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 provides information, analytics, and online marketplace services to various industries globally, offering a diverse portfolio of services that cater to different real estate sectors.
  • The company's CoStar Property platform provides a comprehensive inventory of various property types, including office, industrial, retail, multifamily, hospitality, and student housing properties, which can offer investors a broad exposure to different real estate segments.
  • Investors may find it appealing that CoStar Group has a strong presence in multiple regions, including the United States, Canada, Europe, the Asia Pacific, and Latin America, potentially providing geographic diversification benefits.
  • Recent institutional investments and hedge fund activities in CoStar Group stock indicate confidence from financial professionals, which could be seen as a positive signal for individual investors.
  • Considering the current stock price and the company's market position, investors might see CoStar Group as a growth opportunity in the internet software and services subindustry.

Cons

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

  • While CoStar Group offers a wide range of services, the company operates in a competitive market with other players providing similar services, which could pose challenges in maintaining market share and profitability.
  • Investing in a company heavily reliant on the real estate industry can expose investors to market fluctuations and economic downturns, impacting the company's performance and stock value.
  • Despite recent institutional investments, individual investors should conduct thorough research on CoStar Group's financial health, growth prospects, and competitive positioning before making investment decisions.
  • Fluctuations in the real estate market, regulatory changes, or economic uncertainties could affect CoStar Group's business operations and financial performance, leading to potential risks for investors.
  • Investors should consider the overall market conditions, industry trends, and company-specific factors before deciding to invest in CoStar Group to ensure alignment with their investment goals and risk tolerance.
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 Thursday, April 11, 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?

14 Wall Street equities research 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 equities research 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?

14 brokers have issued 1 year target prices for CoStar Group's stock. Their CSGP share price targets range from $79.00 to $111.00. On average, they predict the company's stock price to reach $100.08 in the next twelve months. This suggests a possible upside of 16.1% 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 the year. Since then, CSGP stock has decreased by 1.4% and is now trading at $86.21.
View the best growth stocks for 2024 here
.

Are investors shorting CoStar Group?

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 trading volume of 2,160,000 shares, the short-interest ratio is currently 4.0 days.
View CoStar Group's Short Interest
.

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 can I listen to CoStar Group's earnings call?

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.

How were CoStar Group's earnings last quarter?

CoStar Group, Inc. (NASDAQ:CSGP) announced its earnings results on Tuesday, February, 20th. The technology company reported $0.33 earnings per share (EPS) 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 analysts' expectations of $634.27 million. CoStar Group had a trailing twelve-month return on equity of 6.08% and a net margin of 15.26%. The firm's revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share.

When did CoStar Group's stock split?

CoStar Group shares 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 distributed 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 EPS 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 many different institutional and retail investors. Top institutional investors 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.
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 4/16/2024 by MarketBeat.com Staff

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