CSGP Stock Summary and Trading Ideas (Costar Group | NASDAQ:CSGP)

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.

Costar Group trades on the NASDAQ stock market under the symbol CSGP.

As of May 14, 2024, CSGP stock price declined to $87.91 with 394,852 million shares trading.

CSGP has a beta of 1.58, meaning it tends to be more sensitive to market movements. CSGP has a correlation of 0.41 to the broad based SPY ETF.

CSGP has a market cap of $35.91 billion. This is considered a Large Cap stock.

Last quarter Costar Group reported $656 million in Revenue and $.10 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.03.

In the last 3 years, CSGP stock traded as high as $101.05 and as low as $49.00.

The top ETF exchange traded funds that CSGP belongs to (by Net Assets): VNQ, VTI, VOO, VO, QQQ.

CSGP has underperformed the market in the last year with a price return of +16.6% while the SPY ETF gained +28.3%. However, in the short term, CSGP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.7% vs +5.8% return in SPY. But in the last 2 weeks, CSGP shares have been beat by the market, returning -5.0% compared to an SPY return of +2.2%.

CSGP support price is $86.92 and resistance is $90.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CSGP stock will trade within this expected range on the day.