CoStar GroupCSGP
Market Cap: $31.7B
About: CoStar Group is a leading provider of commercial real estate data and marketplace listing platforms. Its data offering contains in-depth analytical information on over 5 million commercial real estate properties related to various subsectors including office, retail, hotels, multifamily, healthcare, industrial, self-storage, and data centers. It operates many flagship brands such as CoStar Suite, LoopNet, Apartments.com, BizBuySell, and Lands of America, with more than 80% of its revenue classified as subscription-based. The company recently expanded its presence in Canada, the United Kingdom, Spain, and France.
Employees: 6,152
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
64% more call options, than puts
Call options by funds: $91M | Put options by funds: $55.6M
0% less funds holding
Funds holding: 747 [Q1] → 745 (-2) [Q2]
2% less first-time investments, than exits
New positions opened: 97 | Existing positions closed: 99
6% less repeat investments, than reductions
Existing positions increased: 266 | Existing positions reduced: 282
2.36% less ownership
Funds ownership: 99.05% [Q1] → 96.7% (-2.36%) [Q2]
25% less capital invested
Capital invested by funds: $39B [Q1] → $29.3B (-$9.7B) [Q2]
32% less funds holding in top 10
Funds holding in top 10: 22 [Q1] → 15 (-7) [Q2]
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
JMP Securities Nicholas Jones 63% 1-year accuracy 41 / 65 met price target | 16%upside $90 | Market Outperform Reiterated | 6 Sept 2024 |
JP Morgan Alexei Gogolev 71% 1-year accuracy 12 / 17 met price target | 39%upside $108 | Overweight Maintained | 5 Aug 2024 |
Baird Jeffrey Meuler 56% 1-year accuracy 9 / 16 met price target | 29%upside $100 | Outperform Maintained | 24 Jul 2024 |
RBC Capital Ashish Sabadra 85% 1-year accuracy 41 / 48 met price target | 24%upside $96 | Outperform Maintained | 24 Jul 2024 |
Goldman Sachs George Tong 74% 1-year accuracy 17 / 23 met price target | 20%upside $93 | Buy Maintained | 24 Jul 2024 |