CoStar GroupCSGP Market cap $30.4B
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% more funds holding
Funds holding: 748 [Q1] → 748 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 98
6% less repeat investments, than reductions
Existing positions increased: 267 | Existing positions reduced: 283
2.35% less ownership
Funds ownership: 99.06% [Q1] → 96.71% (-2.35%) [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
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Needham Mayank Tandon 65% 1-year accuracy 46 / 71 met price target | 44%upside $107 | Buy Reiterated | 17 Sept 2024 |
RBC Capital Ashish Sabadra 83% 1-year accuracy 40 / 48 met price target | 30%upside $96 | Outperform Reiterated | 10 Sept 2024 |
JMP Securities Nicholas Jones 62% 1-year accuracy 42 / 68 met price target | 21%upside $90 | Market Outperform Reiterated | 6 Sept 2024 |
JP Morgan Alexei Gogolev 56% 1-year accuracy 5 / 9 met price target | 46%upside $108 | Overweight Maintained | 5 Aug 2024 |
Baird Jeffrey Meuler 57% 1-year accuracy 4 / 7 met price target | 35%upside $100 | Outperform Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 4 articles about CSGP published over the past 30 days