CoStar Group (CSGP)

• Market cap: $29.3B
• 1 day: 2.29%
• 5 days: -4.81%
• 1 month: -6.33%
• 3 months: -7.66%
• 6 months: -2.23%
• Year to date: -16.41%
• 1 year: -17.41%
• 5 years: 18.20%
• 10 years: 282.03%
• Sector: Industrials
• Industry: Business Services

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 Q3 regulatory filings by fund managers ($100M+ AUM)

95% more call options, than puts

Call options by funds: $113M | Put options by funds: $58.2M

8% more repeat investments, than reductions

Existing positions increased: 299 | Existing positions reduced: 277

0% more capital invested

Capital invested by funds: $29.6B [Q2] → $29.6B (+$50.3M) [Q3]

0% less funds holding

Funds holding: 753 [Q2] → 752 (-1) [Q3]

1% less first-time investments, than exits

New positions opened: 88 | Existing positions closed: 89

1.91% less ownership

Funds ownership: 97.65% [Q2] → 95.74% (-1.91%) [Q3]

20% less funds holding in top 10

Funds holding in top 10: 15 [Q2] → 12 (-3) [Q3]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $75 5% upside
• Avg. target: $90 25% upside
• High target: $100 40% upside

6 analyst ratings

• positive: 4 67%
• neutral: 2 33%
• negative: 0 0%

JMP Securities Jonathan Wolleben 46% 1-year accuracy 34 / 74 met price target	26% upside $90	Market Outperform Reiterated	16 Dec 2024
Needham Mayank Tandon 67% 1-year accuracy 77 / 115 met price target	40% upside $100	Buy Reiterated	9 Dec 2024
Citigroup Peter Christiansen 58% 1-year accuracy 7 / 12 met price target	26% upside $90	Buy Maintained	24 Oct 2024
BMO Capital Jeffrey Silber 56% 1-year accuracy 20 / 36 met price target	5% upside $75	Market Perform Maintained	24 Oct 2024
JP Morgan Alexei Gogolev 46% 1-year accuracy 12 / 26 met price target	39% upside $99	Overweight Maintained	23 Oct 2024