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CoStar Group, Inc.
Type
Public
Traded as NASDAQ: CSGP
Industry Technology, Commercial Real Estate
Founded 1987; 30 years ago (1987)
Founder Andrew Florance
Headquarters Washington, D.C., U.S.
Area served
United States, Canada, United Kingdom, France, Germany, Spain
Key people
  • Andrew Florance (President & CEO)
  • Scott Wheeler (CFO)
  • Michael Klein (Independent Chairman of the Board)
Products Commercial real estate information and marketing
Revenue Increase US$ 838 million (2016)
Number of employees
Approximately 3,500
Website Corporate website

CoStar Group, Inc. is an American commercial real estate information and marketing provider with headquarters in Washington, DC. The company has approximately 3,500 employees.

CoStar Group, Inc. (CoStar) was founded in 1987 by Andrew Florance in Washington, DC. CoStar is a provider of information, analytics and marketing services to the commercial real estate industry in the United States, Canada, the United Kingdom, France, Germany and Spain. The company’s suite of online service offerings includes information about space available for lease, comparable sales information, tenant information, information about properties for sale, Internet marketing services, analytical capabilities, information for clients' Websites, information about industry professionals and their business relationships, data integration and industry news. Its service offerings span all commercial property types, including office, industrial, retail, land, mixed-use, hospitality and multifamily. CoStar Group went public in 1998 and is traded on the NASDAQ under the symbol CSGP. In April 2012, CoStar Group completed the acquisition of LoopNet, Inc for $860 million. In April 2014, CoStar Group completed the acquisition of Apartments.com for $585 million. In April 2015, CoStar Group announced an agreement to acquire Apartment Finder. In October 2016, CoStar Group announced that Richmond, VA will be the new research headquarters.

Jeff Goldblum introduced Apartments.com in a set of ads in 2015 portraying fictional character Brad Bellflower, a tech futurist. Bob Odenkirk directed Goldblum in the 2016 ad campaign, which continued with the Bellflower character.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-23 Future report Set alerts
Q3 2020 2020-10-20 Future report Set alerts
Q2 2020 2020-07-28 2.34 1.60
Q1 2020 2020-04-28 2.44 1.98
Q4 2019 2020-02-25 2.82 2.39
Q3 2019 2019-10-22 2.61 2.15
Q2 2019 2019-07-23 2.23 1.73
Q1 2019 2019-04-23 2.53 2.33
Q4 2018 2019-02-26 2.81 2.29
Q3 2018 2018-10-23 2.16 1.61

Ratings

2016-06-07 Reiterated Rating Wells Fargo Buy
2016-06-07 Reiterated Rating Wells Fargo & Co. Buy
2016-05-01 Reiterated Rating B. Riley Buy $215.00
2016-04-26 Reiterated Rating B. Riley Buy $210.00
2016-02-28 Reiterated Rating B. Riley Buy $220.00
2016-02-23 Reiterated Rating B. Riley Buy $240.00 to $226.00
2015-11-01 Reiterated Rating B. Riley Buy $240.00
2015-10-27 Reiterated Rating B. Riley Buy $240.00
2015-08-02 Reiterated Rating B. Riley Buy $240.00
2015-07-28 Reiterated Rating B. Riley Buy $240.00
2015-07-18 Boost Price Target SunTrust Buy $250.00 to $265.00
2015-07-18 Boost Price Target SunTrust Banks Inc. Buy $250.00 to $265.00
2015-06-16 Reiterated Rating B. Riley Buy $240.00
2015-06-09 Reiterated Rating B. Riley Buy $240.00
2015-05-09 Reiterated Rating JPMorgan Chase & Co. Overweight $208.00 to $229.00
2015-05-04 Reiterated Rating B. Riley Buy $240.00
2015-05-01 Boost Price Target Needham & Company LLC Buy $210.00 to $225.00
2015-04-30 Boost Price Target JMP Securities Market Outperform $210.00 to $230.00
2015-04-27 Reiterated Rating B. Riley Buy $227.00
2015-04-06 Reiterated Rating SunTrust Buy $220.00 to $250.00
2015-03-06 Reiterated Rating B. Riley Buy $227.00
2015-02-27 Boost Price Target JPMorgan Chase & Co. Overweight $195.00 to $208.00
2015-02-27 Reiterated Rating B. Riley Buy $227.00
2015-02-18 Reiterated Rating B. Riley Buy $227.00
2015-02-02 Reiterated Rating B. Riley Buy $227.00
2015-01-26 Reiterated Rating B. Riley Buy $227.00
2015-01-09 Reiterated Rating Citigroup Inc. Hold $180.00 to $187.00
2014-11-10 Initiated Coverage JPMorgan Chase & Co. Overweight $195.00
2014-10-31 Reiterated Rating Citigroup Inc. Neutral $154.00 to $172.00
2014-08-18 Initiated Coverage Goldman Sachs Buy $180.00
2014-08-18 Initiated Coverage Goldman Sachs Group Inc. Buy $180.00
2014-08-13 Initiated Coverage Citigroup Inc. Neutral
2014-06-30 Upgrade JMP Securities Market Perform to Outperform $210.00
2014-06-16 Initiated Coverage Bank of America Buy $195.00
2014-04-28 Lower Price Target SunTrust $240.00 to $220.00
2014-04-25 Reiterated B. Riley & Co. Buy $210 to $227
2014-04-25 Boost Price Target B. Riley Buy $210.00 to $227.00
2014-04-21 Upgrade William Blair Buy
2014-04-21 Upgrade B. Riley Neutral to Buy $210.00
2014-03-04 Boost Price Target SunTrust $220.00 to $240.00
2014-02-21 Boost Price Target Needham & Company LLC $210.00
2014-02-12 Initiated Coverage Wells Fargo & Co. Outperform
2014-02-12 Initiated Coverage Wells Fargo Outperform
2013-10-25 Boost Price Target SunTrust Buy $195.00 to $210.00
2013-10-25 Boost Price Target Needham & Company LLC Buy $165.00 to $190.00
2013-10-22 Boost Price Target B. Riley Neutral $149.00 to $171.50
2013-07-26 Reiterated Needham Buy $115 to $165
2012-05-16 Resumed JMP Securities Mkt Perform
2011-10-26 Resumed Needham Buy $70
2011-04-28 Reiterated Needham Buy $63 to $70
2009-02-20 Reiterated JMP Securities Mkt Outperform $46 to $36
2009-02-20 Downgrade Deutsche Securities Hold to Sell $28 to $20
2008-10-01 Reiterated Needham Buy $65 to $62
2008-08-12 Downgrade Needham Strong Buy to Buy $65
2008-07-17 Reiterated JMP Securities Mkt Outperform $55 to $56
2008-04-25 Reiterated JMP Securities Mkt Outperform $47 to $55
2008-02-25 Upgrade Needham & Co Buy to Strong Buy $60
2008-02-22 Reiterated JMP Securities Mkt Outperform $45 to $47
2008-02-15 Upgrade JMP Securities Mkt Perform to Mkt Outperform
2008-02-15 Upgrade Ferris Baker Watts Neutral to Buy
2007-10-26 Reiterated Needham & Co Buy $65 to $70
2007-08-24 Initiated Needham & Co Buy $65
2007-02-23 Downgrade Credit Suisse Outperform to Neutral $63 to $55
2016-06-07 Reiterated Rating Wells Fargo Buy
2016-06-07 Reiterated Rating Wells Fargo & Co. Buy
2016-05-01 Reiterated Rating B. Riley Buy $215.00
2016-04-26 Reiterated Rating B. Riley Buy $210.00
2016-02-28 Reiterated Rating B. Riley Buy $220.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
BONDERMAN DAVID 0.91%  (294277) CSGP / CZR / GM / KITE /
KLEIN MICHAEL R 0.90%  (289729) CSGP / TPC /
HABER WARREN H 0.37%  (120596) CSGP /
FLORANCE ANDREW C President and CEO 0.37%  (119831) CSGP / WD /
Radecki Brian J Chief Financial Officer 0.13%  (41473) CSGP /
Marples Paul Managing Director, CoStar UK 0.09%  (28632) CSGP /
Wheeler Scott T Chief Financial Officer 0.09%  (28523) CSGP /
CARCHEDI FRANCIS Executive VP, Operations 0.08%  (27200) CSGP /
Linnington Matthew Executive Vice President Sales 0.08%  (26935) CSGP /
NASSETTA CHRISTOPHER J 0.08%  (26555) CSGP / HLT /
Kitchen Jennifer Sr. Vice President, Research 0.07%  (22220) CSGP /
Stanfill John L Sr. VP-Sales, Customer Service 0.04%  (14316) CSGP /
Ruggles Lisa Senior VP, Global Research 0.03%  (10622) CSGP /
Glosserman Michael J 0.03%  (8871) CSGP /
Steinberg David Jay 0.02%  (6535) CSGP /
Hill John W 0.01%  (4498) CHSP / CSGP / HIH /

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