How have CSGP shares performed this year?

CoStar Group's stock was trading at $87.39 at the beginning of 2024. Since then, CSGP shares have decreased by 9.0% and is now trading at $79.53. View the best growth stocks for 2024 here .

How were CoStar Group's earnings last quarter?

CoStar Group, Inc. (NASDAQ:CSGP) announced its quarterly earnings data on Tuesday, July, 23rd. The technology company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.06. The business's revenue was up 11.9% compared to the same quarter last year.

When did CoStar Group's stock split?

Shares of CoStar Group split on the morning of Thursday, June 17th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly issued 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.

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.

Does CoStar Group have any subsidiaries?

CoStar Group subsidiaries include these companies: Homesnap.

Who are CoStar Group's major shareholders?

Top institutional shareholders of CoStar Group include Principal Financial Group Inc. (4.73%), Massachusetts Financial Services Co. MA (2.78%), Baillie Gifford & Co. (2.22%) and Bank of New York Mellon Corp (1.50%). Insiders that own company stock include Scott T Wheeler, Frank Simuro , Lisa Ruggles , Michael J Desmarais , John W Hill and Laura Cox Kaplan . 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 .

What other stocks do shareholders of CoStar Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CoStar Group investors own include NVIDIA (NVDA) , Adobe (ADBE) , Alibaba Group (BABA) , Salesforce (CRM) , Home Depot (HD) , Johnson & Johnson (JNJ) and PayPal (PYPL) .

NASDAQ:CSGP

CoStar Group (CSGP) Stock Price, News & Analysis

$79.53

+2.08 (+2.69%)

(As of 09/9/2024 ET)

Compare

Today's Range: $76.92
▼
$80.00
50-Day Range: $71.59
▼
$78.79
52-Week Range: $67.35
▼
$100.38

Volume: 1.75 million shs
Average Volume: 2.25 million shs
Market Capitalization: $32.59 billion

P/E Ratio: 108.95
Dividend Yield: N/A
Price Target: $96.38

Get CoStar Group alerts:

CoStar Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 21.2% Upside
$96.38 Price Target
Short Interest: Healthy
1.74% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.18
Based on 12 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 118.37%
From $0.49 to $1.07 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.

3.76 out of 5 stars

Computer And Technology Sector

218th out of 582 stocks

Business Services, Not Elsewhere Classified Industry

36th out of 90 stocks

3.4

Analyst's Opinion

Consensus Rating
CoStar Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 12 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
CoStar Group has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about CoStar Group's stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
1.74% of the outstanding shares of CoStar Group have been sold short.
Short Interest Ratio / Days to Cover
CoStar Group has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in CoStar Group has recently increased by 4.23%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
CoStar Group does not currently pay a dividend.
Dividend Growth
CoStar Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CSGP.

2.9

News and Social Media Coverage

News Sentiment
CoStar Group has a news sentiment score of 1.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for CoStar Group this week, compared to 8 articles on an average week.
Search Interest
Only 6 people have searched for CSGP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added CoStar Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CoStar Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.57% of the stock of CoStar Group is held by insiders.
Percentage Held by Institutions
96.60% of the stock of CoStar Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about CoStar Group's insider trading history.

3.1

Earnings and Valuation

Earnings Growth
Earnings for CoStar Group are expected to grow by 118.37% in the coming year, from $0.49 to $1.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CoStar Group is 108.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.27.
Price to Earnings Ratio vs. Sector
The P/E ratio of CoStar Group is 108.95, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 263.39.
Price to Earnings Growth Ratio
CoStar Group has a PEG Ratio of 11.48. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CoStar Group has a P/B Ratio of 4.43. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about CoStar Group's valuation and earnings.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

CSGP Stock News Headlines

September 9 at 4:07 AM | americanbankingnews.com

JMP Securities Reaffirms "Market Outperform" Rating for CoStar Group (NASDAQ:CSGP)

September 6 at 2:20 PM | msn.com

Dell, CoStar, PayPal And A Major Health Care Stock On CNBC's 'Final Trades'

September 9, 2024 | Paradigm Press (Ad)

Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”

Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.

September 5, 2024 | benzinga.com

Here's How Much $1000 Invested In CoStar Gr 10 Years Ago Would Be Worth Today

September 3, 2024 | finance.yahoo.com

Can CoStar Group, Inc. (NASDAQ:CSGP) Performance Keep Up Given Its Mixed Bag Of Fundamentals?

August 27, 2024 | bizjournals.com

CoStar Group signs downtown lease, ditches suburban office

August 27, 2024 | msn.com

CoStar Group Inc. (NASDAQ: CSGP): A Bull Case Theory

August 22, 2024 | uk.finance.yahoo.com

CoStar (CSGP) Down 1% Since Last Earnings Report: Can It Rebound?

September 9, 2024 | Paradigm Press (Ad)

Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”

Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.

August 22, 2024 | finance.yahoo.com

CoStar Group Insiders Sold US$2.9m Of Shares Suggesting Hesitancy

August 22, 2024 | msn.com

Will CoStar Group’s (CSGP) Real Estate Portal Drive Future Growth?

August 20, 2024 | msn.com

CoStar Group (CSGP) Slid on Challenging Market and Elevated Expenses

August 14, 2024 | uk.finance.yahoo.com

Labor market, Magnificent 7 valuations: Asking for a Trend

August 13, 2024 | insidermonkey.com

CoStar Group (CSGP) Declined With Broader Market

August 13, 2024 | bizjournals.com

Texas' major apartment markets are recovering — except San Antonio

August 12, 2024 | markets.businessinsider.com

Buy Rating Reaffirmed for CoStar Group Amid Rising Homes.com Traffic and Potential Revenue Growth

August 10, 2024 | nz.finance.yahoo.com

CoStar Group, Inc. (RLG.F)

August 8, 2024 | finance.yahoo.com

The five-year decline in earnings might be taking its toll on CoStar Group (NASDAQ:CSGP) shareholders as stock falls 5.2% over the past week

See More Headlines

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Company Calendar

Last Earnings: 7/23/2024
Today: 9/09/2024
Next Earnings (Confirmed): 10/22/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Business services, not elsewhere classified
Sub-Industry: Internet Software & Services
Current Symbol: NASDAQ:CSGP
CUSIP: 22160N10
CIK: 1057352
Web: www.costargroup.com
Phone: (202) 346-6500
Fax: 877-739-0486
Employees: 6,152
Year Founded: 1987

Price Target and Rating

Average Stock Price Target: $96.38
High Stock Price Target: $108.00
Low Stock Price Target: $85.00
Potential Upside/Downside: +21.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.73
Trailing P/E Ratio: 108.95
Forward P/E Ratio: 162.31
P/E Growth: 11.48
Net Income: $374.70 million
Net Margins: 8.19%
Pretax Margin: 11.57%
Return on Equity: 3.99%
Return on Assets: 3.27%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 9.27
Quick Ratio: 9.27

Sales & Book Value

Annual Sales: $2.46 billion
Price / Sales: 13.28
Cash Flow: $1.61 per share
Price / Cash Flow: 49.40
Book Value: $17.97 per share
Price / Book: 4.43

Miscellaneous

Outstanding Shares: 409,820,000
Free Float: 401,931,000
Market Cap: $32.59 billion
Optionable: Optionable
Beta: 0.81

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Key Executives

Mr. Andrew C. Florance (Age 60)
President, Founder, CEO & Director
Comp: $3.83M
Mr. Scott T. Wheeler (Age 60)
Chief Financial Officer
Comp: $1.55M
Ms. Lisa C. Ruggles (Age 57)
Senior Vice President of Global Operations
Comp: $1.55M
Mr. Frank A. Simuro (Age 57)
Chief Technology Officer
Comp: $1.68M
Mr. Frederick G. Saint (Age 58)
President of Marketplaces
Comp: $1.36M
Mr. Jason Butler
Chief Information Officer
Ms. Cyndi Eakin
Senior VP of Investor Relations & Controller
Mr. Gene Boxer (Age 49)
General Counsel & Corporate Secretary
Mr. Matthew R. Blocher
Vice President of Marketing & Communications
Mr. Marc Swartz
Senior Vice President of Global Sales

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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's stock price is currently at $74.04, potentially offering a good entry point for investors looking to buy at a lower price.
CoStar Group has a strong market capitalization of $30.23 billion, indicating stability and potential for growth.
The company's revenue for the latest quarter was $677.80 million, surpassing analyst estimates, showcasing strong financial performance.
CoStar Group's diverse range of services in commercial real estate, hospitality, and related industries provides a broad revenue stream.
Institutional investors and hedge funds own a significant portion (96.60%) of CoStar Group's stock, indicating confidence in the company's future prospects.

Cons

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

CoStar Group's stock has experienced a recent decline of 0.7%, indicating potential volatility in the short term.
The company's price-to-earnings ratio is relatively high at 101.42, suggesting the stock may be overvalued compared to its earnings.
CoStar Group's price-to-earnings-growth ratio is 10.89, which may indicate that the stock is not attractively priced based on its growth prospects.
The stock's 200-day moving average price is $83.11, showing a downward trend in the stock price over a longer period.
CoStar Group's beta of 0.81 suggests that the stock's price movements are less volatile than the market, potentially limiting potential returns for investors seeking higher risk-reward opportunities.

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 Sunday, September 8, 2024. Please send any questions or comments about these CoStar Group pros and cons to contact@marketbeat.com.

CSGP Stock Analysis - Frequently Asked Questions

How have CSGP shares performed this year?: CoStar Group's stock was trading at $87.39 at the beginning of 2024. Since then, CSGP shares have decreased by 9.0% and is now trading at $79.53.
View the best growth stocks for 2024 here.
How were CoStar Group's earnings last quarter?: CoStar Group, Inc. (NASDAQ:CSGP) announced its quarterly earnings data on Tuesday, July, 23rd. The technology company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.06. The business's revenue was up 11.9% compared to the same quarter last year.
When did CoStar Group's stock split?: Shares of CoStar Group split on the morning of Thursday, June 17th 2021. The 10-1 split was announced on Monday, June 7th 2021. The newly issued 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.
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.
Does CoStar Group have any subsidiaries?: CoStar Group subsidiaries include these companies: Homesnap.
Who are CoStar Group's major shareholders?: Top institutional shareholders of CoStar Group include Principal Financial Group Inc. (4.73%), Massachusetts Financial Services Co. MA (2.78%), Baillie Gifford & Co. (2.22%) and Bank of New York Mellon Corp (1.50%). Insiders that own company stock include Scott T Wheeler, Frank Simuro, Lisa Ruggles, Michael J Desmarais, John W Hill and Laura Cox Kaplan.
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.
What other stocks do shareholders of CoStar Group own?: Based on aggregate information from My MarketBeat watchlists, some other companies that CoStar Group investors own include NVIDIA (NVDA), Adobe (ADBE), Alibaba Group (BABA), Salesforce (CRM), Home Depot (HD), Johnson & Johnson (JNJ) and PayPal (PYPL).

This page (NASDAQ:CSGP) was last updated on 9/9/2024 by MarketBeat.com Staff

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CoStar Group (CSGP) Stock Price, News & Analysis

CoStar Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Consensus Rating

Amount of Analyst Coverage

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Dividend Yield

Dividend Growth

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Insider Buying vs. Insider Selling

Percentage Held by Insiders

Percentage Held by Institutions

Earnings and Valuation

Earnings Growth

Price to Earnings Ratio vs. the Market

Price to Earnings Ratio vs. Sector

Price to Earnings Growth Ratio

Price to Book Value per Share Ratio