CoStar GroupCSGP
CSGP
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 7 analysts
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
10% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 80
8% more repeat investments, than reductions
Existing positions increased: 299 | Existing positions reduced: 277
0% more capital invested
Capital invested by funds: $29.7B [Q2] → $29.8B (+$128M) [Q3]
0% less funds holding
Funds holding: 753 [Q2] → 752 (-1) [Q3]
1.66% less ownership
Funds ownership: 97.98% [Q2] → 96.32% (-1.66%) [Q3]
20% less funds holding in top 10
Funds holding in top 10: 15 [Q2] → 12 (-3) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$75
2%
upside
Avg. target
$91
23%
upside
High target
$103
39%
upside
7 analyst ratings
5 positive
71%
2 neutral
29%
0 negative
0%
Citigroup Peter Christiansen 64% 1-year accuracy 9 / 14 met price target | 19%upside $88 | Buy Maintained | 14 Jan 2025 |
RBC Capital Ashish Sabadra 69% 1-year accuracy 40 / 58 met price target | 12%upside $83 | Sector Perform Reiterated | 10 Jan 2025 |
Stephens & Co. John Campbell 70% 1-year accuracy 23 / 33 met price target | 39%upside $103 | Overweight Reiterated | 2 Jan 2025 |
JMP Securities Jonathan Wolleben 29% 1-year accuracy 22 / 75 met price target | 22%upside $90 | Market Outperform Reiterated | 16 Dec 2024 |
Needham Mayank Tandon 63% 1-year accuracy 72 / 115 met price target | 35%upside $100 | Buy Reiterated | 9 Dec 2024 |
Financial journalist opinion
Based on 3 articles about CSGP published over the past 30 days
Neutral
Business Wire
4 days ago
CoStar Group Welcomes Bidwells as a Client, Cementing CRE Analytics Leadership in the UK
LONDON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP) (“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information, and analytics in the property markets, has announced a significant new client partnership with Bidwells, a leading UK real estate advisor, specialising in science & technology, sustainability, and modern living solutions. This partnership enables Bidwells to leverage CoStar's unrivalled commercial real estate data and analytics platf.
Neutral
Business Wire
1 week ago
CoStar Group Founder and CEO Andy Florance Named Among Top Ten on SP 200 List
WASHINGTON--(BUSINESS WIRE)--Andy Florance, Founder and Chief Executive Officer of CoStar Group, Inc. (NASDAQ: CSGP)(“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information and analytics in the property markets, today was named as one of the nation's top ten most powerful executives in the residential real estate industry by Swanepoel Power 200 (“SP 200”). The recognition of Andy Florance on the SP 200 top ten list for the second year in a row is direc.
Neutral
Business Wire
2 weeks ago
Apartments.com Releases Multifamily Rent Report for the Fourth Quarter of 2024
WASHINGTON--(BUSINESS WIRE)--Today, Apartments.com – an online marketplace of CoStar Group, Inc. – published an in-depth report on multifamily rent trends for the fourth quarter of 2024. National year-over-year asking rent growth eased to 1.0% in December 2024 compared to 1.1% at the end of September 2024. Since mid-2023, year-over-year rent growth has hovered around 1% after its rapid deceleration in 2021 and 2022. The national rent per unit closed the year at $1,729, compared to $1,712 record.
Neutral
Business Wire
1 month ago
CoStar Group Partners with eXp Commercial to Provide Expanded Technology Suite
WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, today announced an enterprise agreement with eXp Commercial, a nationwide virtual commercial real estate brokerage and subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), to provide its advisors with access to the leading global real estate data and analytics platform. With this partnership, CoStar Group will equip eXp Comme.
Positive
Seeking Alpha
1 month ago
Matterport's Arbitrage Opportunity, Navigating The CoStar Acquisition Deal (Rating Upgrade)
Matterport's acquisition by CoStar Group presents an arbitrage opportunity with a potential 12.2% return, though the stock has been relatively stable recently. Matterport's Q3 earnings showed strong subscription growth and progress toward profitability, but operational discipline remains a concern. Investors should weigh the attractive $5.50 deal premium against their risk appetite, considering the stock's current technical setup and market conditions.
Positive
Zacks Investment Research
1 month ago
Why Is CoStar (CSGP) Up 4.7% Since Last Earnings Report?
CoStar (CSGP) reported earnings 30 days ago. What's next for the stock?
Neutral
Business Wire
2 months ago
CoStar Group to Host Investor Day on Thursday, December 5, 2024
WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will host an Investor Day on Thursday, December 5, 2024, from 9:00 a.m. to 2:30 p.m. ET in-person in Richmond, Virginia, and online via webcast. The event will feature presentations, engagement opportunities with CoStar Group's leadership team and a tour of the Company's global campus. Participating Management: Andy Florance,.
Neutral
Business Wire
2 months ago
CoStar Group to Present at RBC Capital Markets 2024 Global TIMT Conference
WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will present at this year's RBC Capital Markets 2024 Global TIMT Conference. CFO Chris Lown and Head of Investor Relations Rich Simonelli will participate in a fireside chat on Wednesday, November 20, 2024, at 3:20 p.m. ET. Live and recorded versions of the webcast will both be available under the Events & Presentations se.
Neutral
Business Wire
2 months ago
CoStar Group to Present at Stephens NASH24 Conference
WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will present at this year's Stephens NASH24 Conference. CFO Chris Lown and Head of Investor Relations Rich Simonelli will participate in a fireside chat on Tuesday, November 19, 2024, at 10:00 a.m. ET. Live and recorded versions of the webcast will both be available under the Events & Presentations section of the CoStar Gr.
Neutral
Business Wire
2 months ago
CoStar Group to Present at KBW Fintech Conference
WASHINGTON--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will present at this year's KBW Fintech Conference. CFO Chris Lown and Head of Investor Relations Rich Simonelli will participate in a fireside chat on Thursday, November 14, 2024, at 12:40 p.m. ET. Live and recorded versions of the webcast will both be available under the Events & Presentations section of the CoStar Group.
Charts implemented using Lightweight Charts™