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CSGP

CoStar Group, Inc. Common Stock Nasdaq Global Select
$1,065
Open: $834.78 High: $834.78 Low: $816.835 Close: $822
Range: 2021-05-06 - 2021-05-07
Volume: 258,543
Market: Closed
Powered by Finage Stock APIDelayed data
CSGP
CoStar Group, Inc. Common Stock 1331 L Street Northwest WA, 20005 http://www.costar.com
CoStar Group Inc provides commercial real estate data covering over 4 million properties from various subsectors from commercial areas. It operates five flagship brands: CoStar, LoopNet, Apartments.com, BizBuySell, and LandsofAmerica.
  • CEO: Andrew C. Florance
  • Employees: 3,711
  • Sector: Real Estate
  • Industry: Real Estate Services
CSGP News
Latest news about the CSGP
  • These 3 Stocks Are Absurdly Overvalued Right Now

    Closures and safety precautions over the past year definitely created winners and losers in the stock market, and much of that is reversing now that the U.S. is beginning to return to normal. With that caveat, it's not difficult to find stocks that are priced for performance they are unlikely to deliver. For instance, it's hard to imagine a scenario where Target (NYSE: TGT), Boston Beer (NYSE: SAM), and CoStar Group (NASDAQ: CSGP) are able to justify the lofty prices being paid for shares right now.

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  • These 4 Measures Indicate That CoStar Group (NASDAQ:CSGP) Is Using Debt Reasonably Well

    David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

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  • Was The Smart Money Right About CoStar Group Inc (CSGP)?

    Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of September. At Insider Monkey, we follow nearly 900 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]

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  • Andvari Associates: “CoStar (CSGP) is a Great Business with an Amazing Founder”

    Andvari Associates, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be seen here. A return of -5.2% was delivered by the fund for the Q1 of 2021, below its S&P 500 and Russell 2000 benchmarks that delivered a 6.2% and 12.7% returns respectively for the same […]

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  • Is It Too Late to Buy CoStar Group (CSGP) Stock?

    Baron Asset Fund recently published its first-quarter commentary – a copy of which can be downloaded here. During the first quarter of 2021, the Baron Asset Fund returned -1.03% (institutional shares). In comparison, the benchmark S&P 500 Index was up 6.17%, while the Russell Midcap Growth Index was down 0.57%. You should check out Baron […]

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  • CoStar Group, Inc. (CSGP) Q1 2021 Earnings Call Transcript

    CSGP earnings call for the period ending March 31, 2021.

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  • CoStar Group (CSGP) Q1 Earnings and Revenues Top Estimates

    CoStar (CSGP) delivered earnings and revenue surprises of 14.58% and 0.87%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

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  • CoStar Group First Quarter 2021 Revenue Increases 17% Year-over-Year With Traffic to CoStar Group Platforms up 47% Year-over-Year

    CoStar Group, Inc. (NASDAQ:CSGP), the leading provider of commercial real estate information, analytics, and online marketplaces, announced today that revenue for the quarter ended March 31, 2021, was $458 million, an increase of 17% over revenue of $392 million for the first quarter of 2020.

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  • CoStar to Acquire Homes.com: Should Zillow Be Worried?

    This is the real estate tech giant's second major residential acquisition in the past few months

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  • CoStar Group to Acquire Residential Listing Site Homes.com

    CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has reached a definitive agreement to acquire Homes.com, a division of Dominion Enterprises, for $156 million in cash.

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  • CoreLogic to Sell $4 Billion Buyout Loan

    CoreLogic (NYSE: CLGX) continues to be a hot commodity. The real estate data company was the subject of a bidding war between commercial real estate information, analytics, and online marketplace giant CoStar Group (NASDAQ: CSGP) and several private equity firms. It ended up agreeing to an all-cash offer from two private equity funds, valuing the company at $80 a share, or $6 billion.

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  • CTG or CSGP: Which Is the Better Value Stock Right Now?

    CTG vs. CSGP: Which Stock Is the Better Value Option?

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  • CoStar Group to Report Financial Results for First Quarter 2021 on April 27, 2021

    CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for the first quarter of 2021 following the market close on Tuesday, April 27, 2021.

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  • The FTC Is Making It Tough for CoStar To Grow -- What's CoStar's Plan?

    Why can't CoStar get a deal done? CoStar has historically grown through acquisition but has recently been stopped in its tracks.

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  • Does This Valuation Of CoStar Group, Inc. (NASDAQ:CSGP) Imply Investors Are Overpaying?

    In this article we are going to estimate the intrinsic value of CoStar Group, Inc. ( NASDAQ:CSGP ) by taking the...

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  • Is CSGP Stock A Buy or Sell?

    In this article we will check out the progression of hedge fund sentiment towards CoStar Group Inc (NASDAQ:CSGP) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]

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  • The Zacks Analyst Blog Highlights: CoreLogic, CoStar Group, Zillow Group, Redfin Corp and AppFolio

    The Zacks Analyst Blog Highlights: CoreLogic, CoStar Group, Zillow Group, Redfin Corp and AppFolio

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  • CoStar Group to Expand Employee Population and Footprint in Richmond, Virginia

    CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, has announced that it has subleased an additional 51,000-square-foot riverfront office space as part of the company’s continued growth and expansion in the city.

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  • Strength Seen in CoStar (CSGP): Can Its 5.3% Jump Turn into More Strength?

    CoStar (CSGP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

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  • CoStar Group Pulls Out Of Bid For CoreLogic; Shares Gain 5.5%

    Shares of CoStar Group were up 5.5% in pre-market trading on March 5 as the provider of commercial real estate information and online marketplaces withdrew its bid for CoreLogic. CoStar Group (CSGP) said that rising interest rates have resulted in a significant decline in recent weeks of valuations of residential property technology companies, which changed its view on the CoStar deal. The company also said that the increase in interest rates is expected to adversely impact the mortgage refinancing market. Shares of CarLogic (CLGX) , a provider of real estate, consumer and financial data analytics, dropped 3.4% before the bell. Shares of CoStar Group have tanked 16.5% in the past month. CoStar Group CEO Andrew C. Florance said, “With interest rates moving up, now is not the time for us to aggressively buy into the residential mortgage market.” CSGP added, “a strategic combination of CoStar and CoreLogic had the potential to create significant value for all shareholders…” Early last month, CoreLogic had announced that it was going to be taken over by Stone Point Capital and Insight Partners in a deal valued at $6 billion. On Feb. 16, CoStar Group made a counterbid to acquire CoreLogic for $95.76 per share, which was revised on March 1. Under the terms of the revised bid, CoreLogic shareholders were offered to receive $6 in cash for each CLGX share and 0.1019 shares of CoStar Group in exchange for each share of CoreLogic, representing a value of $90 per share based on CSGP’s closing share price as on Feb. 26. (See CoStar Group stock analysis on TipRanks) This revised proposal was an $1.25 billion improvement over Stone Point Capital and Insight’s $6 billion offer for CLGX. In reponse to the revised offer, CoreLogic stated, “The CoreLogic Board unanimously believes your Updated Proposal requires further improvement with respect to the following key areas: (i) value, (ii) certainty of value, and (iii) certainty of closing in a timely manner. We continue to believe that there is strategic potential in the combination of our two businesses and we request that you reconsider your positions on these important terms.” CoreLogic further added, ““Since your February 16, 2021 proposal, CSGP shares have continued to decline – approximately 19%, or $177 per share (including a 12% decline since CoStar’s fourth quarter earnings release). As a result, your Updated Proposal represents a significantly lower implied total per share value than your prior proposal on February 16, 2021.” Last month, Needham analyst Mayank Tandon reiterated a Buy and a price target of $1,000 on CSGP stock. Tandon said in a note to investors, “CSGP closed FY20 on a positive note, comfortably exceeding revenue, EBITDA, and EPS targets on broad based strength. Net new sales were strong once again, coming in at $49 million, with 2H bookings increasing 23% over 1H…” “Management introduced guidance for 1Q and FY21 that is above on revenue but a shade below on EBITDA and EPS to reflect higher investments as management focuses on expanding and deepening its product portfolio both in commercial and residential,” the analyst added. The rest of the Street is cautiously optimistic on the stock with a Moderate Buy consensus rating based on 2 Buys. The average analyst price target of $1,000 implies almost 32% upside potential to current levels. Related News: Snowflake’s Loss Doubles In 4Q; Shares Drop 3.8% DraftKings Becomes UFC’s First Sportsbook In US, Canada Zynga Snaps Up Echtra Games; Street Says Buy More recent articles from Smarter Analyst: DraftKings Becomes UFC’s First Sportsbook In US, Canada Cooper’s 1Q Results Beat The Street Consensus; Street Says Buy Amgen Inks $1.9B Deal To Buy Five Prime Therapeutics; Shares Pop 79% Burlington Pops 11% As 4Q Sales Outperform Estimates

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