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. It offers CoStar Property Professional that provides inventory of office, industrial, retail, and multifamily, and student housing properties and land; CoStar COMPS Professional, which covers comparable commercial real estate sales information; 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. The company also provides CoStar Lease Comps, a tool to capture, manage, and maintain lease data; CoStar Lease Analysis, a workflow tool; CoStar Public Record, a searchable database of commercially-zoned parcels; CoStar Real Estate Manager, a real estate and asset management, and lease accounting software; and CoStar Risk Analytics and CoStar Investment Analysis that provides market research, consulting and analysis, portfolio and debt analysis, and management and reporting services, as well as STAR Report that offers benchmarking and analytics services. In addition, it offers apartment marketing sites, such as Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Apartamentos.com, AFTER55.com, CorporateHousing.com, ForRentUniversity.com, Westside Rentals, and Off Campus Partners; LoopNet Premium Lister; LoopNet Diamond, Platinum, and Gold Ads; LandsofAmerica, LandAndFarm, and LandWatch 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. The company was founded in 1987 and is headquartered in Washington, the District of Columbia.
IPO Year: 1998
Exchange: NASDAQ
Website: costargroup.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/7/2024 | $90.00 → $97.00 | Buy | Citigroup |
1/19/2024 | Neutral | BTIG Research | |
12/18/2023 | $98.00 | Buy | Goldman |
10/16/2023 | $80.00 → $82.00 | Hold | Jefferies |
9/20/2023 | $100.00 | Mkt Outperform | JMP Securities |
12/16/2022 | $100.00 | Overweight | JP Morgan |
11/18/2022 | $100.00 | Buy | BofA Securities |
10/25/2022 | $67.00 → $76.00 | Hold | Jefferies |
9/12/2022 | $83.00 | Market Perform | BMO Capital Markets |
3/7/2022 | $107.00 → $92.00 | Buy | Goldman Sachs |
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CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended June 30, 2024 was $678 million, up 12% over revenue of $606 million for the quarter ended June 30, 2023. Net income was $19 million in the second quarter of 2024 and net income per diluted share was $0.05. "We achieved another strong quarter of results in terms of revenue, sales and traffic to our websites," said Andy Florance, Founder and CEO of CoStar Group. "Overall revenue grew 12% year-over-year, and our two billion-dollar run rate businesses continue to deliver double-digit revenue growth with A
CoStar Group (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the appointment of Rich Simonelli as Head of Investor Relations and Cyndi Eakin as Chief Accounting Officer. Each will report to Chris Lown, Chief Financial Officer of CoStar Group. Simonelli, who previously held a similar role at CoStar Group for nine years, will rejoin the company from national real estate brokerage Compass, where he served as Senior Vice President, Investor Relations. As an experienced manager of the integral relationship between investors and publicly traded companies, especially in the real estate industry, Simonelli
Today, Apartments.com – a CoStar Group online marketplace – released an in-depth report of multifamily rent trends for the second quarter of 2024 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240710296231/en/U.S. Apartment Rent Growth (Graphic: Business Wire) The U.S. multifamily market continued a strong rebound in demand during the second quarter of 2024, with 170,000 units absorbed, the highest number since the third quarter of 2021. And while 180,000 new units were delivered in the last quarter, this was the smallest supply-demand gap in 11 quarters. So, the vacancy rate remained steady from the first quarter to the second
CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will announce financial results for the second quarter of 2024 following the market close on Tuesday, July 23, 2024. Management will conduct a conference call to discuss the second quarter results, as well as the Company's outlook at 5:00 PM EDT that same day. A live audio webcast of the conference call will be available in listen-only mode through the Investors section of the CoStar Group website: https://investors.costargroup.com. A replay of the webcast audio will also be available in the Investors section of our website for a period of time follo
Christian Lown, EVP and CFO at Freddie Mac, brings decades of M&A, capital markets and real estate finance experience CoStar Group (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the appointment of Christian M. Lown as Chief Financial Officer effective July 1, 2024. Lown will join CoStar Group from Fortune 500-ranked home loan giant Freddie Mac, where he serves as Executive Vice President and Chief Financial Officer until June 28, 2024. He will report to Andy Florance, Founder and Chief Executive Officer of CoStar Group. As a well-respected leader with more than 25 years of experience in banking, f
Annual report underscores CoStar Group's commitment to being a more diverse, efficient and transparent organization for its employees, communities and stakeholders CoStar Group (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today published its 2024 Environmental, Social, and Governance Report. The report highlights the company's commitment to making business decisions that prioritize its people, communities and shareholders through meaningful environmental, social and governance (ESG) practices. "Throughout 2023, we experienced incredible successes across our environmental, social and governance efforts," said An
Florance honored amongst more than 100 of the most influential individuals in the commercial real estate industry Andy Florance, Founder and CEO of CoStar Group, a leading provider of online real estate marketplaces, information, and analytics in the property markets, was recognized on Commercial Observer's Power 100 List. The Power 100 list, published annually, honors 100 of the most influential people, businesses, and firms driving change and innovation within the commercial real estate industry. This year's honorees were selected for their resilience in the face of another uncertain economic cycle, recognizing their determination and fortitude as power players in the industry despite
Details How SmartRent's Persistent Failure to Execute its Growth Strategy, Inability to Achieve Targets and Massive Destruction of Value Since its Listing in 2021 Have Caused a Crisis of Confidence Among Shareholders Views SmartRent as the Dominant PropTech Company in the Multifamily Industry and with Incredibly Valuable Assets Believes the Company Must Explore a Sale to Maximize Shareholder Value – Which Could Garner a Steep Premium of 150% or More Above Current Share Price Based on Precedent Transactions Today, Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings"), a holder of more than 3% of SmartRent, Inc.'s (NYSE:SMRT) ("SmartRent," "SMRT"
CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended March 31, 2024 was $656 million, up 12% over revenue of $584 million for the quarter ended March 31, 2023. Net income was $7 million in the first quarter and net income per diluted share was $0.02 for the first quarter of 2024. "CoStar Group delivered exceptional revenue, sales and marketplace traffic results in the first quarter of 2024, fueled by the launch of our monetization of Homes.com on February 12th of this year," said Andy Florance, Founder and CEO of CoStar Group. "With less than two months
SUNNYVALE, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR), The spatial data company leading the digital transformation of the built world, announced today that it has entered into a definitive agreement with CoStar Group, Inc., a leading provider of online real estate marketplaces, information and analytics in the property markets, pursuant to which CoStar Group will acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share, representing an equity value of approximately $2.1 billion and an enterprise value of approximately $1.6 billion based on the closing price for CoStar Group common stock on April 19, 2024. Under th
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Baird analyst Jeffrey Meuler maintains CoStar Gr (NASDAQ:CSGP) with a Outperform and lowers the price target from $105 to $100.
RBC Capital analyst Ashish Sabadra maintains CoStar Gr (NASDAQ:CSGP) with a Outperform and lowers the price target from $109 to $96.
U.S. stocks were lower, with the Dow Jones index falling around 350 points on Wednesday. Shares of AT&T Inc. (NYSE:T) rose during Wednesday's session following second-quarter earnings. AT&T reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the analyst consensus estimate of $29.9 billion. Adjusted EPS of 57 cents is in line with the analyst consensus estimate, according to data from Benzinga Pro. AT&T shares gained 3.1% to $18.78 on Wednesday. Here are some other big stocks recording gains in today’s session. PROG Holdings, Inc. (NYSE:PRG) shares jumped 20.4% to $41.71 after the company reported better-than-expected s
Goldman Sachs analyst George Tong maintains CoStar Gr (NASDAQ:CSGP) with a Buy and lowers the price target from $108 to $93.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler raised the price target for Tesla, Inc. (NASDAQ:TSLA) from $205 to $300. Piper Sandler analyst Alexander Potter maintained an Overweight rating. Tesla shares fell 2% to close at $246.38 on Tuesday. See how other analysts view this stock. Truist Securities increased the price target for Zions Bancorporation (NASDAQ:ZION) from $45 to $54. Truist Securities analyst Jennifer Demba maintained a Hold rating. Zions Bancorporation shares gained 6.2% to close at $52.53 on Tuesday. See how othe
JMP Securities analyst Nicholas Jones maintains CoStar Gr (NASDAQ:CSGP) with a Market Outperform and lowers the price target from $110 to $90.
Needham analyst Mayank Tandon reiterates CoStar Gr (NASDAQ:CSGP) with a Buy and maintains $107 price target.
This represents revenue growth of approximately 12% year-over-year at the midpoint of the range.
Citigroup reiterated coverage of CoStar Group with a rating of Buy and set a new price target of $97.00 from $90.00 previously
BTIG Research initiated coverage of CoStar Group with a rating of Neutral
Goldman resumed coverage of CoStar Group with a rating of Buy and set a new price target of $98.00
Jefferies resumed coverage of CoStar Group with a rating of Hold and set a new price target of $82.00 from $80.00 previously
JMP Securities resumed coverage of CoStar Group with a rating of Mkt Outperform and set a new price target of $100.00
JP Morgan initiated coverage of CoStar Group with a rating of Overweight and set a new price target of $100.00
BofA Securities resumed coverage of CoStar Group with a rating of Buy and set a new price target of $100.00
Jefferies resumed coverage of CoStar Group with a rating of Hold and set a new price target of $76.00 from $67.00 previously
BMO Capital Markets initiated coverage of CoStar Group with a rating of Market Perform and set a new price target of $83.00
Goldman Sachs reiterated coverage of CoStar Gr with a rating of Buy and set a new price target of $92.00 from $107.00 previously
CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended June 30, 2024 was $678 million, up 12% over revenue of $606 million for the quarter ended June 30, 2023. Net income was $19 million in the second quarter of 2024 and net income per diluted share was $0.05. "We achieved another strong quarter of results in terms of revenue, sales and traffic to our websites," said Andy Florance, Founder and CEO of CoStar Group. "Overall revenue grew 12% year-over-year, and our two billion-dollar run rate businesses continue to deliver double-digit revenue growth with A
CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will announce financial results for the second quarter of 2024 following the market close on Tuesday, July 23, 2024. Management will conduct a conference call to discuss the second quarter results, as well as the Company's outlook at 5:00 PM EDT that same day. A live audio webcast of the conference call will be available in listen-only mode through the Investors section of the CoStar Group website: https://investors.costargroup.com. A replay of the webcast audio will also be available in the Investors section of our website for a period of time follo
CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended March 31, 2024 was $656 million, up 12% over revenue of $584 million for the quarter ended March 31, 2023. Net income was $7 million in the first quarter and net income per diluted share was $0.02 for the first quarter of 2024. "CoStar Group delivered exceptional revenue, sales and marketplace traffic results in the first quarter of 2024, fueled by the launch of our monetization of Homes.com on February 12th of this year," said Andy Florance, Founder and CEO of CoStar Group. "With less than two months
The Transaction is Expected to Increase the Development and Deployment of Advanced AI and Digital Twin Technology Across All of CoStar Group's Product Lines CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets announced today that it has reached a definitive agreement to acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion of enterprise value. Under the terms and subject to the conditions of the agreement, Matterport stockholders will receive $2.75 in cash and $2.75 in shares of CoStar Group common stock for each shar
CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will announce financial results for the first quarter of 2024 following the market close on Tuesday, April 23, 2024. Management will conduct a conference call to discuss the first quarter results, as well as the Company's outlook at 5:00 PM EDT that same day. A live audio webcast of the conference call will be available in listen-only mode through the Investors section of the CoStar Group website: https://investors.costargroup.com. A replay of the webcast audio will also be available in the Investors section of our website for a period of time follow
CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today that revenue for the year ended December 31, 2023 was $2.46 billion, an increase of 13% over revenue of $2.18 billion for the full year of 2022. Revenue for the fourth quarter of 2023 was $640 million, an increase of 12% over revenue of $573 million for the fourth quarter of 2022. Net income was $375 million for the year ended December 31, 2023, compared to $369 million for the year ended December 31, 2022, and net income was $96 million for the fourth quarter of 2023. "Once again CoStar Group delivered exceptional results in our comm
Thirteen years after realizing over 140% gain on the sale of the current Washington, D.C. location, the Company is again taking advantage of a downturn in commercial real estate to acquire Class A office space. CoStar Group (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the purchase of 1201 Wilson Boulevard, a 552,000 square foot office building in Arlington, Virginia. CoStar Group plans to relocate its Washington, D.C. employees to Arlington and capitalize on nearly $7 million in tax and economic incentives. With the Company's current lease set to expire in 2025, CoStar Group assessed more than 2
CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, will announce financial results for the fourth quarter and full year 2023 following the market close on Tuesday, February 20, 2024. Management will conduct a conference call to discuss the fourth quarter and full year results, as well as the Company's outlook at 5:00 PM EST that same day. A live audio webcast of the conference call will be available in listen-only mode through the Investors section of the CoStar Group website: https://investors.costargroup.com. A replay of the webcast audio will also be available in the Inv
CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, announced today that revenue for the quarter ended September 30, 2023 was $625 million, up 12% over revenue of $557 million for the quarter ended September 30, 2022. Net income was $91 million in the third quarter, an increase of 25% over the prior year. "CoStar Group delivered strong results this quarter on our two principal fronts," said Andy Florance, Founder and CEO of CoStar Group. "First, our commercial information and marketplace businesses are fortress strong in a turbulent market with revenue growing 14% year-over-year and margins approaching
Backed by Costar Group's fortress balance sheet, the acquisition seeks to create number one UK property portal by combining the strengths of leading commercial property site, CoStar, with OnTheMarket's large network of agents, and Homes.com, a leading U.S. residential portal. CoStar Group, Inc. (NASDAQ:CSGP), a leading global provider of online real estate marketplaces, information, and analytics, announced a proposal today to acquire OnTheMarket, the third most visited residential property portal in the United Kingdom, for £1.10 per share in cash or approximately £100 million. OnTheMarket was founded by agents in 2013 to provide a competitive alternative to the existing UK property por
CoStar Group (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the appointment of Rich Simonelli as Head of Investor Relations and Cyndi Eakin as Chief Accounting Officer. Each will report to Chris Lown, Chief Financial Officer of CoStar Group. Simonelli, who previously held a similar role at CoStar Group for nine years, will rejoin the company from national real estate brokerage Compass, where he served as Senior Vice President, Investor Relations. As an experienced manager of the integral relationship between investors and publicly traded companies, especially in the real estate industry, Simonelli
Christian Lown, EVP and CFO at Freddie Mac, brings decades of M&A, capital markets and real estate finance experience CoStar Group (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the appointment of Christian M. Lown as Chief Financial Officer effective July 1, 2024. Lown will join CoStar Group from Fortune 500-ranked home loan giant Freddie Mac, where he serves as Executive Vice President and Chief Financial Officer until June 28, 2024. He will report to Andy Florance, Founder and Chief Executive Officer of CoStar Group. As a well-respected leader with more than 25 years of experience in banking, f
CoStar Group (NASDAQ:CSGP), a leading global provider of online real estate marketplaces, information news and analytics, announced today the appointment of Sandra Roumi as its first France General Manager, to lead the Group's France expansion efforts. Sandra Roumi is a seasoned journalist and a well-respected figure in the French real estate industry. Roumi brings a keen understanding of the sector and unparalleled knowledge of the specificities of the French market. After serving as the Editor-in-Chief of all platforms at Business Immo, she was appointed its Deputy President and Director of Publications in 2018. In her new role as General Manager of CoStar Group in France, she will adva
CoStar Group (NASDAQ:CSGP), a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, today announced the expansion of its board to nine members with the appointment of Angelique Brunner as an independent member of the board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230801774592/en/(Photo: Business Wire) Angelique Brunner joins the Board with more than 25 years of experience in finance and real estate and venture capital. She is CEO and Founder of EB5 Capital, an industry-leading investment company specializing in raising foreign capital for real e
CoStar Group, Inc. (NASDAQ:CSGP), a leading provider of commercial and residential real estate information, analytics, and online marketplaces, today announced the appointment of Cyndi Eakin as Senior Vice President of Investor Relations, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220602005913/en/Cyndi Eakin, Senior Vice President of Investor Relations (Photo: Business Wire) As head of Investor Relations, Ms. Eakin will be responsible for maintaining and expanding relationships with institutional investors and analysts and communicating CoStar's strategy and business results to Wall Street. She will als
CoStar Group, Inc. (NASDAQ:CSGP) – a leading provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets today proudly announced the appointment of David Mele as the new President of LoopNet. LoopNet is the most heavily trafficked mobile and online commercial real estate marketplace, connecting tenants and investors to commercial real estate available for sale and lease. As President, Mele will be responsible for the overall business strategy, sales, product management, marketing and extending LoopNet's success internationally. "Over the past several years, LoopNet has grown into the largest commercial real estate marketplace
CoStar Group, Inc. (NASDAQ:CSGP), the leading provider of commercial real estate information, analytics and online marketplaces announced today the appointment of Jay Lybik as National Director of Multifamily Analytics. The hire will elevate the company's already powerful analytics in the U.S. multifamily sector, adding value for CoStar Group clients and the commercial real estate industry. "We are thrilled to have a multifaceted leader such as Jay join the team," said Galina Alexeenko, Vice President, CoStar Group Market Analytics. "Jay's extensive experience in real estate research, coupled with CoStar's vast multifamily data, will allow our clients access to an unparalleled and rich vie