ticker,date,open,high,low,close,news
CSGP,1998-07-01,0.9,0.95,0.9,0.92,
CSGP,1998-07-02,0.93,0.98,0.92,0.98,
CSGP,1998-07-06,0.98,1.06,0.98,1.01,
CSGP,1998-07-07,1.04,1.05,1.02,1.02,
CSGP,1998-07-08,1.01,1.05,1.0,1.01,
CSGP,1998-07-09,1.02,1.05,1.01,1.05,
CSGP,1998-07-10,1.07,1.07,0.98,0.98,
CSGP,1998-07-13,1.02,1.02,0.99,1.0,
CSGP,1998-07-14,0.99,1.0,0.96,0.98,
CSGP,1998-07-15,0.96,0.99,0.95,0.98,
CSGP,1998-07-16,0.96,0.98,0.96,0.96,
CSGP,1998-07-17,0.98,0.98,0.98,0.98,
CSGP,1998-07-20,0.99,1.02,0.99,1.01,
CSGP,1998-07-21,1.01,1.02,1.0,1.0,
CSGP,1998-07-22,0.96,1.02,0.96,1.02,
CSGP,1998-07-23,1.01,1.06,1.0,1.01,
CSGP,1998-07-24,1.04,1.04,1.0,1.02,
CSGP,1998-07-27,1.02,1.02,0.96,0.98,
CSGP,1998-07-28,1.01,1.01,0.94,0.95,
CSGP,1998-07-29,0.99,0.99,0.95,0.98,
CSGP,1998-07-30,0.99,1.09,0.99,1.09,
CSGP,1998-07-31,1.09,1.09,1.08,1.08,
CSGP,1998-08-03,1.05,1.05,1.04,1.04,
CSGP,1998-08-04,1.02,1.02,0.99,0.99,
CSGP,1998-08-05,1.0,1.0,0.98,0.98,
CSGP,1998-08-06,0.98,1.01,0.95,0.95,
CSGP,1998-08-07,0.96,0.96,0.95,0.96,
CSGP,1998-08-10,0.98,0.98,0.96,0.96,
CSGP,1998-08-11,0.94,0.94,0.9,0.9,
CSGP,1998-08-12,0.9,0.92,0.9,0.92,
CSGP,1998-08-13,0.92,0.92,0.9,0.9,
CSGP,1998-08-14,0.92,0.92,0.9,0.9,
CSGP,1998-08-17,0.89,0.9,0.88,0.9,
CSGP,1998-08-18,0.88,0.89,0.86,0.86,
CSGP,1998-08-19,0.86,0.88,0.86,0.88,
CSGP,1998-08-20,0.86,0.86,0.84,0.84,
CSGP,1998-08-21,0.84,0.84,0.8,0.8,
CSGP,1998-08-24,0.8,0.81,0.8,0.81,
CSGP,1998-08-25,0.81,0.84,0.81,0.84,
CSGP,1998-08-26,0.8,0.82,0.8,0.8,
CSGP,1998-08-27,0.77,0.77,0.7,0.73,
CSGP,1998-08-28,0.73,0.73,0.7,0.7,
CSGP,1998-08-31,0.7,0.7,0.66,0.66,
CSGP,1998-09-01,0.66,0.68,0.64,0.66,
CSGP,1998-09-02,0.62,0.65,0.62,0.62,
CSGP,1998-09-03,0.62,0.62,0.61,0.61,
CSGP,1998-09-04,0.62,0.62,0.61,0.61,
CSGP,1998-09-08,0.62,0.63,0.61,0.62,
CSGP,1998-09-09,0.63,0.63,0.62,0.62,
CSGP,1998-09-10,0.6,0.61,0.55,0.6,
CSGP,1998-09-11,0.56,0.57,0.55,0.55,
CSGP,1998-09-14,0.57,0.57,0.56,0.56,
CSGP,1998-09-15,0.6,0.61,0.56,0.61,
CSGP,1998-09-16,0.57,0.66,0.57,0.66,
CSGP,1998-09-17,0.61,0.65,0.61,0.65,
CSGP,1998-09-18,0.68,0.73,0.65,0.73,
CSGP,1998-09-21,0.73,0.73,0.73,0.73,
CSGP,1998-09-22,0.7,0.75,0.7,0.73,
CSGP,1998-09-23,0.75,0.82,0.75,0.81,
CSGP,1998-09-24,0.83,0.83,0.77,0.81,
CSGP,1998-09-25,0.8,0.8,0.74,0.75,
CSGP,1998-09-28,0.79,0.79,0.75,0.75,
CSGP,1998-09-29,0.8,0.8,0.8,0.8,
CSGP,1998-09-30,0.77,0.77,0.77,0.77,
CSGP,1998-10-01,0.77,0.77,0.77,0.77,
CSGP,1998-10-02,0.74,0.76,0.74,0.76,
CSGP,1998-10-05,0.74,0.74,0.74,0.74,
CSGP,1998-10-06,0.73,0.75,0.73,0.74,
CSGP,1998-10-07,0.75,0.75,0.69,0.69,
CSGP,1998-10-08,0.65,0.66,0.6,0.6,
CSGP,1998-10-09,0.62,0.62,0.62,0.62,
CSGP,1998-10-12,0.62,0.62,0.62,0.62,
CSGP,1998-10-13,0.62,0.62,0.62,0.62,
CSGP,1998-10-14,0.6,0.62,0.6,0.6,
CSGP,1998-10-15,0.6,0.6,0.6,0.6,
CSGP,1998-10-16,0.64,0.7,0.64,0.68,
CSGP,1998-10-19,0.68,0.68,0.68,0.68,
CSGP,1998-10-20,0.68,0.73,0.68,0.73,
CSGP,1998-10-21,0.73,0.73,0.73,0.73,
CSGP,1998-10-22,0.73,0.73,0.69,0.69,
CSGP,1998-10-23,0.7,0.77,0.69,0.76,
CSGP,1998-10-26,0.73,0.81,0.73,0.81,
CSGP,1998-10-27,0.81,0.85,0.8,0.8,
CSGP,1998-10-28,0.8,0.82,0.8,0.82,
CSGP,1998-10-29,0.81,0.82,0.8,0.8,
CSGP,1998-10-30,0.81,0.84,0.81,0.84,
CSGP,1998-11-02,0.84,0.85,0.84,0.85,
CSGP,1998-11-03,0.86,0.9,0.86,0.9,
CSGP,1998-11-04,0.9,1.01,0.9,0.94,
CSGP,1998-11-05,0.93,0.93,0.9,0.9,
CSGP,1998-11-06,0.9,0.9,0.89,0.9,
CSGP,1998-11-09,0.91,0.91,0.91,0.91,
CSGP,1998-11-10,0.88,0.91,0.88,0.88,
CSGP,1998-11-11,0.89,0.89,0.88,0.88,
CSGP,1998-11-12,0.88,0.9,0.88,0.9,
CSGP,1998-11-13,0.88,0.91,0.88,0.88,
CSGP,1998-11-16,0.86,0.91,0.86,0.88,
CSGP,1998-11-17,0.86,0.86,0.83,0.84,
CSGP,1998-11-18,0.82,0.84,0.82,0.83,
CSGP,1998-11-19,0.83,0.84,0.82,0.84,
CSGP,1998-11-20,0.82,0.84,0.82,0.84,
CSGP,1998-11-23,0.84,0.92,0.84,0.84,
CSGP,1998-11-24,0.84,0.84,0.84,0.84,
CSGP,1998-11-25,0.86,0.87,0.85,0.85,
CSGP,1998-11-27,0.85,0.9,0.85,0.9,
CSGP,1998-11-30,0.9,0.9,0.9,0.9,
CSGP,1998-12-01,0.9,0.9,0.82,0.85,
CSGP,1998-12-02,0.82,0.82,0.82,0.82,
CSGP,1998-12-03,0.82,0.86,0.82,0.86,
CSGP,1998-12-04,0.89,0.93,0.89,0.9,
CSGP,1998-12-07,0.9,0.9,0.89,0.89,
CSGP,1998-12-08,0.9,0.9,0.89,0.9,
CSGP,1998-12-09,0.89,0.91,0.89,0.9,
CSGP,1998-12-10,0.89,0.89,0.88,0.88,
CSGP,1998-12-11,0.88,0.91,0.88,0.88,
CSGP,1998-12-14,0.88,0.89,0.88,0.88,
CSGP,1998-12-15,0.9,0.93,0.88,0.91,
CSGP,1998-12-16,0.93,1.1,0.93,1.05,
CSGP,1998-12-17,1.05,1.41,1.05,1.25,
CSGP,1998-12-18,1.49,1.5,1.36,1.4,
CSGP,1998-12-21,1.36,1.42,1.36,1.38,
CSGP,1998-12-22,1.38,1.38,1.29,1.3,
CSGP,1998-12-23,1.3,1.36,1.21,1.27,
CSGP,1998-12-24,1.24,1.26,1.24,1.24,
CSGP,1998-12-28,1.24,1.27,1.21,1.25,
CSGP,1998-12-29,1.21,1.24,1.19,1.21,
CSGP,1998-12-30,1.19,1.19,1.19,1.19,
CSGP,1998-12-31,1.2,1.33,1.2,1.26,
CSGP,1999-01-04,1.34,1.35,1.26,1.26,
CSGP,1999-01-05,1.34,1.36,1.27,1.36,
CSGP,1999-01-06,1.36,1.5,1.36,1.45,
CSGP,1999-01-07,1.41,2.12,1.41,2.04,
CSGP,1999-01-08,2.04,2.09,1.85,1.89,
CSGP,1999-01-11,1.89,1.98,1.89,1.95,
CSGP,1999-01-12,1.95,1.95,1.83,1.88,
CSGP,1999-01-13,1.81,1.9,1.81,1.9,
CSGP,1999-01-14,1.91,2.03,1.91,2.03,
CSGP,1999-01-15,2.03,2.25,2.0,2.15,
CSGP,1999-01-19,2.4,2.42,2.2,2.33,
CSGP,1999-01-20,2.33,2.4,2.2,2.33,
CSGP,1999-01-21,2.4,2.4,2.18,2.21,
CSGP,1999-01-22,2.2,2.3,2.1,2.3,
CSGP,1999-01-25,2.3,2.62,2.22,2.4,
CSGP,1999-01-26,2.58,2.58,2.42,2.51,
CSGP,1999-01-27,2.44,2.5,2.3,2.3,
CSGP,1999-01-28,2.31,2.35,2.31,2.35,
CSGP,1999-01-29,2.35,2.35,2.35,2.35,
CSGP,1999-02-01,2.35,2.35,2.35,2.35,
CSGP,1999-02-02,2.3,2.3,2.2,2.2,
CSGP,1999-02-03,2.3,2.38,2.3,2.38,
CSGP,1999-02-04,2.31,2.31,2.31,2.31,
CSGP,1999-02-05,2.38,2.38,2.25,2.26,
CSGP,1999-02-08,2.31,2.31,2.25,2.25,
CSGP,1999-02-09,2.33,2.4,2.25,2.3,
CSGP,1999-02-10,2.2,2.38,2.2,2.2,
CSGP,1999-02-11,2.38,2.38,2.2,2.21,
CSGP,1999-02-12,2.21,2.21,2.03,2.06,
CSGP,1999-02-16,2.05,2.08,2.03,2.03,
CSGP,1999-02-17,2.03,2.03,2.0,2.0,
CSGP,1999-02-18,2.0,2.03,1.95,1.95,
CSGP,1999-02-19,1.98,2.04,1.95,2.04,
CSGP,1999-02-22,2.06,2.12,1.91,2.12,
CSGP,1999-02-23,2.12,2.12,2.12,2.12,
CSGP,1999-02-24,2.02,2.05,2.02,2.03,
CSGP,1999-02-25,2.05,2.05,1.98,2.0,
CSGP,1999-02-26,1.98,1.98,1.97,1.98,
CSGP,1999-03-01,1.98,1.99,1.97,1.98,
CSGP,1999-03-02,2.0,2.04,2.0,2.03,
CSGP,1999-03-03,2.05,2.05,2.05,2.05,
CSGP,1999-03-04,2.05,2.05,2.0,2.01,
CSGP,1999-03-05,2.01,2.02,2.01,2.01,
CSGP,1999-03-08,2.01,2.04,2.0,2.0,
CSGP,1999-03-09,2.0,2.0,2.0,2.0,
CSGP,1999-03-10,2.0,2.04,2.0,2.0,
CSGP,1999-03-11,2.0,2.01,1.99,2.0,
CSGP,1999-03-12,2.0,2.0,2.0,2.0,
CSGP,1999-03-15,2.0,2.03,2.0,2.01,
CSGP,1999-03-16,2.03,2.22,2.03,2.22,
CSGP,1999-03-17,2.25,2.25,2.16,2.19,
CSGP,1999-03-18,2.15,2.35,2.15,2.31,
CSGP,1999-03-19,2.42,2.49,2.36,2.4,
CSGP,1999-03-22,2.41,2.41,2.38,2.38,
CSGP,1999-03-23,2.35,2.35,2.17,2.2,
CSGP,1999-03-24,2.2,2.2,2.17,2.18,
CSGP,1999-03-25,2.21,2.41,2.21,2.38,
CSGP,1999-03-26,2.4,2.4,2.3,2.35,
CSGP,1999-03-29,2.41,2.5,2.41,2.5,
CSGP,1999-03-30,2.58,2.65,2.55,2.65,
CSGP,1999-03-31,2.9,3.35,2.85,2.92,
CSGP,1999-04-01,2.95,3.0,2.85,3.0,
CSGP,1999-04-05,3.12,3.32,3.01,3.12,
CSGP,1999-04-06,3.25,3.35,3.15,3.31,
CSGP,1999-04-07,3.4,3.69,3.34,3.6,
CSGP,1999-04-08,3.7,3.72,3.6,3.72,
CSGP,1999-04-09,3.67,3.67,3.58,3.64,
CSGP,1999-04-12,3.62,3.66,3.4,3.66,
CSGP,1999-04-13,3.7,3.7,3.56,3.67,
CSGP,1999-04-14,3.56,4.62,3.56,4.3,
CSGP,1999-04-15,4.32,4.86,4.03,4.45,
CSGP,1999-04-16,4.57,4.62,4.28,4.39,
CSGP,1999-04-19,4.41,4.51,3.53,3.53,
CSGP,1999-04-20,3.95,3.95,3.36,3.46,
CSGP,1999-04-21,3.42,3.5,3.42,3.47,
CSGP,1999-04-22,3.47,3.76,3.47,3.76,
CSGP,1999-04-23,3.81,4.0,3.81,4.0,
CSGP,1999-04-26,3.95,4.1,3.95,4.0,
CSGP,1999-04-27,4.01,4.03,3.89,3.91,
CSGP,1999-04-28,3.83,3.88,3.61,3.74,
CSGP,1999-04-29,3.8,3.91,3.67,3.91,
CSGP,1999-04-30,3.94,3.94,3.83,3.92,
CSGP,1999-05-03,3.84,3.94,3.54,3.54,
CSGP,1999-05-04,3.8,3.8,3.4,3.46,
CSGP,1999-05-05,3.45,3.54,3.44,3.54,
CSGP,1999-05-06,3.54,3.71,3.5,3.63,
CSGP,1999-05-07,3.6,3.72,3.54,3.65,
CSGP,1999-05-10,3.65,3.72,3.65,3.71,
CSGP,1999-05-11,3.75,3.91,3.75,3.9,
CSGP,1999-05-12,3.94,4.0,3.72,3.75,
CSGP,1999-05-13,3.83,3.85,3.76,3.81,
CSGP,1999-05-14,3.81,3.81,3.73,3.81,
CSGP,1999-05-17,3.71,3.75,3.59,3.69,
CSGP,1999-05-18,3.7,3.76,3.6,3.62,
CSGP,1999-05-19,3.6,3.67,3.59,3.67,
CSGP,1999-05-20,3.6,3.78,3.6,3.75,
CSGP,1999-05-21,3.75,3.78,3.67,3.77,
CSGP,1999-05-24,3.83,3.83,3.75,3.76,
CSGP,1999-05-25,3.76,3.76,3.59,3.59,
CSGP,1999-05-26,3.58,3.61,3.55,3.61,
CSGP,1999-05-27,3.62,3.79,3.61,3.62,
CSGP,1999-05-28,3.62,3.64,3.6,3.62,
CSGP,1999-06-01,3.6,3.75,3.6,3.75,
CSGP,1999-06-02,3.7,3.7,3.61,3.62,
CSGP,1999-06-03,3.62,3.62,3.58,3.59,
CSGP,1999-06-04,3.57,3.59,3.53,3.53,
CSGP,1999-06-07,3.53,3.56,3.5,3.53,
CSGP,1999-06-08,3.54,3.61,3.54,3.59,
CSGP,1999-06-09,3.54,3.69,3.54,3.66,
CSGP,1999-06-10,3.7,3.84,3.64,3.77,
CSGP,1999-06-11,3.78,3.79,3.69,3.71,
CSGP,1999-06-14,3.69,3.72,3.64,3.7,
CSGP,1999-06-15,3.66,3.75,3.65,3.65,
CSGP,1999-06-16,3.64,3.67,3.64,3.64,
CSGP,1999-06-17,3.64,3.67,3.61,3.65,
CSGP,1999-06-18,3.64,3.83,3.64,3.8,
CSGP,1999-06-21,3.8,3.86,3.75,3.86,
CSGP,1999-06-22,3.8,3.9,3.8,3.9,
CSGP,1999-06-23,3.9,4.1,3.8,4.08,
CSGP,1999-06-24,4.03,4.07,4.0,4.0,
CSGP,1999-06-25,4.0,4.06,4.0,4.0,
CSGP,1999-06-28,4.07,4.29,4.07,4.21,
CSGP,1999-06-29,4.2,4.24,4.16,4.21,
CSGP,1999-06-30,4.21,4.41,4.21,4.35,
CSGP,1999-07-01,4.32,4.32,4.2,4.3,
CSGP,1999-07-02,4.32,4.44,4.28,4.43,
CSGP,1999-07-06,4.43,4.5,4.39,4.47,
CSGP,1999-07-07,4.5,4.64,4.44,4.64,
CSGP,1999-07-08,4.6,4.61,4.5,4.55,
CSGP,1999-07-09,4.5,4.6,4.5,4.6,
CSGP,1999-07-12,4.52,4.8,4.52,4.8,
CSGP,1999-07-13,4.75,4.75,4.55,4.68,
CSGP,1999-07-14,4.64,4.66,4.52,4.52,
CSGP,1999-07-15,4.45,4.55,4.4,4.55,
CSGP,1999-07-16,4.46,4.54,4.43,4.43,
CSGP,1999-07-19,4.43,4.5,4.4,4.44,
CSGP,1999-07-20,4.46,4.46,4.26,4.3,
CSGP,1999-07-21,4.26,4.39,3.98,4.3,
CSGP,1999-07-22,4.31,4.31,4.19,4.19,
CSGP,1999-07-23,4.14,4.18,4.06,4.06,
CSGP,1999-07-26,3.99,4.05,3.99,4.05,
CSGP,1999-07-27,4.05,4.14,4.01,4.09,
CSGP,1999-07-28,4.01,4.04,4.01,4.02,
CSGP,1999-07-29,4.01,4.05,3.97,3.97,
CSGP,1999-07-30,3.96,4.0,3.76,3.83,
CSGP,1999-08-02,3.83,3.83,3.72,3.72,
CSGP,1999-08-03,3.79,3.83,3.45,3.5,
CSGP,1999-08-04,3.5,3.5,3.15,3.2,
CSGP,1999-08-05,3.15,3.16,2.85,2.97,
CSGP,1999-08-06,2.95,2.96,2.95,2.95,
CSGP,1999-08-09,2.95,3.0,2.89,2.9,
CSGP,1999-08-10,2.88,2.88,2.44,2.51,
CSGP,1999-08-11,2.56,2.56,2.36,2.51,
CSGP,1999-08-12,2.51,2.51,2.34,2.41,
CSGP,1999-08-13,2.44,2.61,2.42,2.58,
CSGP,1999-08-16,2.62,2.62,2.41,2.42,
CSGP,1999-08-17,2.42,2.53,2.42,2.49,
CSGP,1999-08-18,2.53,2.67,2.46,2.6,
CSGP,1999-08-19,2.61,2.76,2.6,2.7,
CSGP,1999-08-20,2.76,2.8,2.66,2.74,
CSGP,1999-08-23,2.68,2.74,2.65,2.67,
CSGP,1999-08-24,2.7,2.71,2.67,2.71,
CSGP,1999-08-25,2.71,2.76,2.67,2.75,
CSGP,1999-08-26,2.79,2.86,2.79,2.8,
CSGP,1999-08-27,2.86,2.86,2.78,2.79,
CSGP,1999-08-30,2.86,2.89,2.8,2.88,
CSGP,1999-08-31,2.89,3.01,2.8,2.87,
CSGP,1999-09-01,2.9,3.06,2.9,3.0,
CSGP,1999-09-02,3.01,3.01,2.94,2.96,
CSGP,1999-09-03,2.96,2.97,2.94,2.96,
CSGP,1999-09-07,2.93,3.1,2.91,3.06,
CSGP,1999-09-08,3.04,3.09,3.0,3.05,
CSGP,1999-09-09,3.09,3.1,3.01,3.08,
CSGP,1999-09-10,3.06,3.09,3.06,3.06,
CSGP,1999-09-13,3.07,3.07,2.9,2.9,
CSGP,1999-09-14,3.0,3.0,2.93,2.97,
CSGP,1999-09-15,2.93,3.19,2.89,3.15,
CSGP,1999-09-16,3.09,3.09,2.85,2.85,
CSGP,1999-09-17,2.9,2.9,2.8,2.81,
CSGP,1999-09-20,2.81,2.83,2.7,2.76,
CSGP,1999-09-21,2.75,2.75,2.69,2.7,
CSGP,1999-09-22,2.7,2.76,2.65,2.65,
CSGP,1999-09-23,2.65,2.65,2.55,2.57,
CSGP,1999-09-24,2.5,2.5,2.29,2.45,
CSGP,1999-09-27,2.42,2.49,2.42,2.46,
CSGP,1999-09-28,2.46,2.46,2.28,2.31,
CSGP,1999-09-29,2.29,2.3,2.22,2.25,
CSGP,1999-09-30,2.23,2.4,2.23,2.39,
CSGP,1999-10-01,2.35,2.35,2.25,2.26,
CSGP,1999-10-04,2.27,2.27,2.06,2.06,
CSGP,1999-10-05,2.09,2.1,2.04,2.04,
CSGP,1999-10-06,2.06,2.06,1.98,2.0,
CSGP,1999-10-07,1.99,2.0,1.98,1.98,
CSGP,1999-10-08,1.98,1.99,1.96,1.96,
CSGP,1999-10-11,1.98,1.98,1.9,1.9,
CSGP,1999-10-12,1.95,1.95,1.66,1.67,
CSGP,1999-10-13,1.66,1.66,1.43,1.6,
CSGP,1999-10-14,1.6,1.88,1.6,1.79,
CSGP,1999-10-15,1.72,1.8,1.67,1.8,
CSGP,1999-10-18,1.76,1.79,1.73,1.75,
CSGP,1999-10-19,1.77,1.85,1.77,1.85,
CSGP,1999-10-20,1.97,2.43,1.96,2.38,
CSGP,1999-10-21,2.41,2.5,2.38,2.5,
CSGP,1999-10-22,2.5,2.5,2.44,2.45,
CSGP,1999-10-25,2.47,2.47,2.44,2.46,
CSGP,1999-10-26,2.45,2.46,2.39,2.39,
CSGP,1999-10-27,2.41,2.41,2.37,2.37,
CSGP,1999-10-28,2.41,2.46,2.41,2.41,
CSGP,1999-10-29,2.41,2.46,2.41,2.46,
CSGP,1999-11-01,2.41,2.44,2.34,2.34,
CSGP,1999-11-02,2.41,2.41,2.33,2.33,
CSGP,1999-11-03,2.38,2.42,2.35,2.36,
CSGP,1999-11-04,2.42,2.42,2.35,2.42,
CSGP,1999-11-05,2.47,2.47,2.3,2.4,
CSGP,1999-11-08,2.44,2.49,2.4,2.45,
CSGP,1999-11-09,2.4,2.4,2.25,2.29,
CSGP,1999-11-10,2.22,2.34,2.21,2.25,
CSGP,1999-11-11,2.28,2.3,2.22,2.25,
CSGP,1999-11-12,2.26,2.34,2.24,2.33,
CSGP,1999-11-15,2.33,2.33,2.28,2.3,
CSGP,1999-11-16,2.3,2.31,2.27,2.28,
CSGP,1999-11-17,2.26,2.26,2.25,2.26,
CSGP,1999-11-18,2.3,2.31,2.26,2.29,
CSGP,1999-11-19,2.28,2.29,2.28,2.28,
CSGP,1999-11-22,2.31,2.31,2.26,2.29,
CSGP,1999-11-23,2.28,2.34,2.26,2.34,
CSGP,1999-11-24,2.36,2.4,2.3,2.34,
CSGP,1999-11-26,2.32,2.34,2.3,2.3,
CSGP,1999-11-29,2.3,2.3,2.28,2.28,
CSGP,1999-11-30,2.28,2.31,2.28,2.3,
CSGP,1999-12-01,2.31,2.32,2.28,2.29,
CSGP,1999-12-02,2.31,2.31,2.28,2.29,
CSGP,1999-12-03,2.26,2.31,2.26,2.29,
CSGP,1999-12-06,2.31,2.33,2.26,2.31,
CSGP,1999-12-07,2.31,2.31,2.28,2.31,
CSGP,1999-12-08,2.31,2.31,2.2,2.2,
CSGP,1999-12-09,2.21,2.29,2.16,2.19,
CSGP,1999-12-10,2.1,2.19,1.98,2.19,
CSGP,1999-12-13,2.22,2.3,2.16,2.25,
CSGP,1999-12-14,2.26,2.35,2.26,2.26,
CSGP,1999-12-15,2.26,2.29,2.19,2.28,
CSGP,1999-12-16,2.25,2.47,2.25,2.4,
CSGP,1999-12-17,2.43,2.86,2.4,2.81,
CSGP,1999-12-20,2.81,2.88,2.79,2.86,
CSGP,1999-12-21,2.85,2.89,2.84,2.89,
CSGP,1999-12-22,2.89,3.03,2.89,3.03,
CSGP,1999-12-23,3.0,3.03,3.0,3.01,
CSGP,1999-12-27,3.02,3.02,2.93,3.02,
CSGP,1999-12-28,2.98,3.02,2.9,3.0,
CSGP,1999-12-29,2.97,3.02,2.95,3.01,
CSGP,1999-12-30,3.01,3.06,3.0,3.04,
CSGP,1999-12-31,3.01,3.59,3.01,3.59,
CSGP,2000-01-03,3.54,3.54,3.09,3.14,
CSGP,2000-01-04,3.2,3.24,3.11,3.24,
CSGP,2000-01-05,3.17,3.24,3.13,3.14,
CSGP,2000-01-06,3.12,3.15,3.1,3.1,
CSGP,2000-01-07,3.11,3.12,3.05,3.05,
CSGP,2000-01-10,3.05,3.1,3.05,3.07,
CSGP,2000-01-11,3.06,3.25,3.04,3.25,
CSGP,2000-01-12,3.31,3.4,3.3,3.36,
CSGP,2000-01-13,3.39,3.71,3.39,3.64,
CSGP,2000-01-14,3.78,4.03,3.62,3.8,
CSGP,2000-01-18,3.85,3.86,3.72,3.81,
CSGP,2000-01-19,3.81,3.97,3.81,3.95,
CSGP,2000-01-20,3.91,3.93,3.49,3.5,
CSGP,2000-01-21,3.49,3.88,3.49,3.86,
CSGP,2000-01-24,3.9,3.9,3.74,3.74,
CSGP,2000-01-25,3.74,3.74,3.71,3.73,
CSGP,2000-01-26,3.67,3.88,3.67,3.73,
CSGP,2000-01-27,3.67,3.8,3.62,3.67,
CSGP,2000-01-28,3.62,3.64,3.44,3.51,
CSGP,2000-01-31,3.51,3.51,3.17,3.22,
CSGP,2000-02-01,3.22,3.3,3.22,3.25,
CSGP,2000-02-02,3.24,3.3,3.17,3.24,
CSGP,2000-02-03,3.27,3.3,3.24,3.29,
CSGP,2000-02-04,3.29,3.6,3.26,3.49,
CSGP,2000-02-07,3.59,3.59,3.49,3.51,
CSGP,2000-02-08,3.55,3.62,3.46,3.61,
CSGP,2000-02-09,3.56,3.7,3.51,3.66,
CSGP,2000-02-10,3.63,3.72,3.59,3.71,
CSGP,2000-02-11,3.71,3.72,3.49,3.62,
CSGP,2000-02-14,3.64,3.64,3.47,3.47,
CSGP,2000-02-15,3.4,3.44,3.19,3.24,
CSGP,2000-02-16,3.24,3.28,3.17,3.22,
CSGP,2000-02-17,3.17,3.21,3.17,3.2,
CSGP,2000-02-18,3.19,3.19,3.08,3.08,
CSGP,2000-02-22,3.08,3.21,3.08,3.2,
CSGP,2000-02-23,3.19,3.66,3.19,3.62,
CSGP,2000-02-24,3.69,3.7,3.46,3.49,
CSGP,2000-02-25,3.46,3.51,3.46,3.51,
CSGP,2000-02-28,3.47,3.67,3.36,3.6,
CSGP,2000-02-29,3.53,3.7,3.53,3.64,
CSGP,2000-03-01,3.58,4.06,3.5,3.6,
CSGP,2000-03-02,3.62,3.65,3.48,3.65,
CSGP,2000-03-03,3.69,4.01,3.69,4.01,
CSGP,2000-03-06,4.11,4.28,4.07,4.2,
CSGP,2000-03-07,4.3,4.78,4.19,4.74,
CSGP,2000-03-08,4.54,4.74,4.53,4.57,
CSGP,2000-03-09,4.55,4.6,4.52,4.6,
CSGP,2000-03-10,4.53,4.82,4.53,4.8,
CSGP,2000-03-13,4.69,5.28,4.21,5.21,
CSGP,2000-03-14,5.13,5.37,4.7,4.85,
CSGP,2000-03-15,4.9,4.9,4.36,4.53,
CSGP,2000-03-16,4.53,4.95,4.53,4.95,
CSGP,2000-03-17,4.55,5.01,4.54,5.0,
CSGP,2000-03-20,5.0,5.0,4.9,4.94,
CSGP,2000-03-21,4.94,5.01,4.94,5.01,
CSGP,2000-03-22,4.94,4.99,4.76,4.78,
CSGP,2000-03-23,4.81,4.91,4.65,4.69,
CSGP,2000-03-24,4.65,4.65,4.5,4.6,
CSGP,2000-03-27,4.55,4.56,4.42,4.47,
CSGP,2000-03-28,4.45,4.45,4.1,4.1,
CSGP,2000-03-29,4.12,4.12,3.71,3.87,
CSGP,2000-03-30,3.96,3.96,3.67,3.71,
CSGP,2000-03-31,3.7,3.84,3.61,3.69,
CSGP,2000-04-03,3.78,3.78,3.6,3.67,
CSGP,2000-04-04,3.64,3.75,3.49,3.6,
CSGP,2000-04-05,3.62,3.67,3.4,3.46,
CSGP,2000-04-06,3.41,3.51,3.38,3.42,
CSGP,2000-04-07,3.5,3.96,3.47,3.86,
CSGP,2000-04-10,3.86,3.86,3.66,3.71,
CSGP,2000-04-11,3.45,3.68,3.41,3.51,
CSGP,2000-04-12,3.41,3.44,3.11,3.26,
CSGP,2000-04-13,3.25,3.25,2.94,3.08,
CSGP,2000-04-14,2.89,3.02,2.74,2.74,
CSGP,2000-04-17,2.7,2.9,2.7,2.81,
CSGP,2000-04-18,2.75,2.91,2.75,2.9,
CSGP,2000-04-19,2.87,2.94,2.84,2.84,
CSGP,2000-04-20,2.84,2.86,2.76,2.76,
CSGP,2000-04-24,2.76,2.76,2.66,2.66,
CSGP,2000-04-25,2.69,2.74,2.24,2.35,
CSGP,2000-04-26,2.35,2.53,2.35,2.5,
CSGP,2000-04-27,2.4,2.45,2.4,2.44,
CSGP,2000-04-28,2.41,2.45,2.39,2.4,
CSGP,2000-05-01,2.39,2.41,2.38,2.39,
CSGP,2000-05-02,2.38,2.38,2.05,2.08,
CSGP,2000-05-03,2.11,2.31,2.04,2.12,
CSGP,2000-05-04,2.15,2.21,2.12,2.12,
CSGP,2000-05-05,2.1,2.44,2.1,2.44,
CSGP,2000-05-08,2.38,2.42,2.22,2.42,
CSGP,2000-05-09,2.31,2.42,2.22,2.26,
CSGP,2000-05-10,2.2,2.2,2.11,2.11,
CSGP,2000-05-11,2.1,2.18,2.1,2.18,
CSGP,2000-05-12,2.17,2.33,2.16,2.17,
CSGP,2000-05-15,2.14,2.14,2.09,2.13,
CSGP,2000-05-16,2.09,2.3,2.09,2.17,
CSGP,2000-05-17,2.17,2.21,2.13,2.2,
CSGP,2000-05-18,2.22,2.4,2.21,2.4,
CSGP,2000-05-19,2.24,2.46,2.2,2.46,
CSGP,2000-05-22,2.34,2.34,2.22,2.22,
CSGP,2000-05-23,2.22,2.31,2.22,2.25,
CSGP,2000-05-24,2.24,2.24,2.09,2.22,
CSGP,2000-05-25,2.27,2.27,2.16,2.17,
CSGP,2000-05-26,2.16,2.19,2.09,2.1,
CSGP,2000-05-30,2.09,2.1,2.09,2.1,
CSGP,2000-05-31,2.09,2.11,2.09,2.09,
CSGP,2000-06-01,2.09,2.09,2.08,2.09,
CSGP,2000-06-02,2.08,2.26,2.08,2.26,
CSGP,2000-06-05,2.24,2.42,2.24,2.4,
CSGP,2000-06-06,2.35,2.36,2.29,2.29,
CSGP,2000-06-07,2.29,2.32,2.14,2.28,
CSGP,2000-06-08,2.27,2.4,2.24,2.39,
CSGP,2000-06-09,2.39,2.59,2.39,2.59,
CSGP,2000-06-12,2.62,2.78,2.4,2.41,
CSGP,2000-06-13,2.44,2.45,2.1,2.25,
CSGP,2000-06-14,2.29,2.6,2.25,2.6,
CSGP,2000-06-15,2.45,2.62,2.45,2.61,
CSGP,2000-06-16,2.52,2.65,2.52,2.62,
CSGP,2000-06-19,2.69,2.7,2.35,2.45,
CSGP,2000-06-20,2.48,2.49,2.46,2.47,
CSGP,2000-06-21,2.47,2.49,2.47,2.49,
CSGP,2000-06-22,2.49,2.49,2.45,2.47,
CSGP,2000-06-23,2.47,2.49,2.38,2.43,
CSGP,2000-06-26,2.37,2.49,2.37,2.49,
CSGP,2000-06-27,2.54,2.6,2.47,2.58,
CSGP,2000-06-28,2.58,2.62,2.25,2.62,
CSGP,2000-06-29,2.54,2.9,2.52,2.86,
CSGP,2000-06-30,2.83,2.88,2.47,2.51,
CSGP,2000-07-03,2.51,2.59,2.45,2.49,
CSGP,2000-07-05,2.55,2.61,2.54,2.56,
CSGP,2000-07-06,2.54,2.84,2.46,2.75,
CSGP,2000-07-07,2.72,2.72,2.49,2.64,
CSGP,2000-07-10,2.64,2.72,2.64,2.69,
CSGP,2000-07-11,2.72,2.72,2.69,2.7,
CSGP,2000-07-12,2.69,2.79,2.69,2.76,
CSGP,2000-07-13,2.78,3.2,2.72,3.2,
CSGP,2000-07-14,3.1,3.36,3.1,3.36,
CSGP,2000-07-17,3.24,3.59,3.24,3.53,"Cover Story, Part 2"
CSGP,2000-07-18,3.5,3.56,3.45,3.52,
CSGP,2000-07-19,3.38,3.54,3.38,3.49,
CSGP,2000-07-20,3.5,3.54,3.47,3.5,
CSGP,2000-07-21,3.45,3.51,3.45,3.47,
CSGP,2000-07-24,3.47,3.5,3.45,3.49,
CSGP,2000-07-25,3.48,3.49,3.4,3.45,
CSGP,2000-07-26,3.46,3.58,3.42,3.58,
CSGP,2000-07-27,3.57,3.8,3.42,3.74,
CSGP,2000-07-28,3.78,3.79,3.68,3.74,
CSGP,2000-07-31,3.67,3.68,3.48,3.67,
CSGP,2000-08-01,3.67,3.67,3.44,3.51,
CSGP,2000-08-02,3.49,3.49,3.29,3.29,
CSGP,2000-08-03,3.28,3.3,2.95,2.95,
CSGP,2000-08-04,3.0,3.01,2.9,2.9,
CSGP,2000-08-07,2.94,2.99,2.86,2.9,
CSGP,2000-08-08,2.87,2.87,2.64,2.64,
CSGP,2000-08-09,2.66,2.73,2.58,2.67,
CSGP,2000-08-10,2.71,2.81,2.69,2.76,
CSGP,2000-08-11,2.77,2.85,2.68,2.72,
CSGP,2000-08-14,2.6,2.71,2.56,2.68,
CSGP,2000-08-15,2.67,2.78,2.61,2.73,
CSGP,2000-08-16,2.76,2.8,2.61,2.72,
CSGP,2000-08-17,2.74,2.78,2.67,2.7,
CSGP,2000-08-18,2.78,3.01,2.7,3.01,
CSGP,2000-08-21,2.85,3.25,2.85,3.07,
CSGP,2000-08-22,3.08,3.08,2.71,2.81,
CSGP,2000-08-23,2.9,2.9,2.69,2.74,
CSGP,2000-08-24,2.74,2.75,2.69,2.72,
CSGP,2000-08-25,2.72,2.72,2.67,2.72,
CSGP,2000-08-28,2.71,2.86,2.69,2.7,
CSGP,2000-08-29,2.79,2.79,2.55,2.66,
CSGP,2000-08-30,2.71,2.75,2.64,2.75,
CSGP,2000-08-31,2.7,2.76,2.67,2.76,
CSGP,2000-09-01,2.72,2.78,2.67,2.69,
CSGP,2000-09-05,2.69,2.8,2.61,2.67,
CSGP,2000-09-06,2.69,2.7,2.56,2.64,
CSGP,2000-09-07,2.63,2.77,2.63,2.77,
CSGP,2000-09-08,2.78,3.0,2.76,2.95,
CSGP,2000-09-11,2.95,2.95,2.88,2.92,
CSGP,2000-09-12,2.88,3.31,2.88,3.02,
CSGP,2000-09-13,2.99,3.14,2.99,3.01,
CSGP,2000-09-14,3.01,3.06,2.99,3.0,
CSGP,2000-09-15,2.94,3.05,2.94,3.0,
CSGP,2000-09-18,3.03,3.03,2.86,2.89,
CSGP,2000-09-19,2.95,2.97,2.88,2.96,
CSGP,2000-09-20,2.9,3.09,2.9,3.04,
CSGP,2000-09-21,3.04,3.06,2.99,3.0,
CSGP,2000-09-22,3.0,3.15,3.0,3.1,
CSGP,2000-09-25,3.04,3.36,3.04,3.31,
CSGP,2000-09-26,3.31,3.55,3.31,3.46,
CSGP,2000-09-27,3.49,3.56,3.44,3.46,
CSGP,2000-09-28,3.44,4.0,3.44,4.0,
CSGP,2000-09-29,3.88,4.07,3.66,3.7,
CSGP,2000-10-02,3.67,3.67,3.51,3.53,
CSGP,2000-10-03,3.53,3.63,3.5,3.54,
CSGP,2000-10-04,3.49,3.54,3.3,3.4,
CSGP,2000-10-05,3.39,3.44,3.38,3.41,
CSGP,2000-10-06,3.38,3.6,3.35,3.56,
CSGP,2000-10-09,3.53,3.54,3.47,3.47,
CSGP,2000-10-10,3.51,3.59,3.4,3.4,
CSGP,2000-10-11,3.33,3.34,3.03,3.28,
CSGP,2000-10-12,3.3,3.5,3.09,3.3,
CSGP,2000-10-13,3.35,3.45,3.19,3.23,
CSGP,2000-10-16,3.15,3.2,3.14,3.16,
CSGP,2000-10-17,3.16,3.2,3.1,3.1,
CSGP,2000-10-18,3.1,3.11,2.95,3.05,
CSGP,2000-10-19,3.04,3.19,3.04,3.15,
CSGP,2000-10-20,3.12,3.31,3.12,3.26,
CSGP,2000-10-23,3.25,3.25,3.04,3.05,
CSGP,2000-10-24,3.09,3.16,3.0,3.05,
CSGP,2000-10-25,2.99,3.01,2.9,2.92,
CSGP,2000-10-26,3.12,3.22,2.99,3.22,
CSGP,2000-10-27,3.12,3.22,3.09,3.18,
CSGP,2000-10-30,3.11,3.17,3.0,3.05,
CSGP,2000-10-31,3.08,3.14,3.04,3.12,
CSGP,2000-11-01,3.06,3.3,3.06,3.1,
CSGP,2000-11-02,3.14,3.14,3.1,3.11,
CSGP,2000-11-03,3.1,3.12,3.03,3.09,
CSGP,2000-11-06,3.07,3.07,2.95,2.97,
CSGP,2000-11-07,2.92,2.95,2.9,2.9,
CSGP,2000-11-08,2.91,2.91,2.88,2.88,
CSGP,2000-11-09,2.95,2.95,2.75,2.8,
CSGP,2000-11-10,2.74,2.8,2.54,2.62,
CSGP,2000-11-13,2.64,2.76,2.54,2.72,
CSGP,2000-11-14,2.6,2.84,2.6,2.78,
CSGP,2000-11-15,2.63,2.97,2.62,2.93,
CSGP,2000-11-16,2.8,2.8,2.66,2.66,
CSGP,2000-11-17,2.74,2.76,2.68,2.71,
CSGP,2000-11-20,2.74,2.79,2.62,2.64,
CSGP,2000-11-21,2.62,2.7,2.56,2.62,
CSGP,2000-11-22,2.65,2.65,2.49,2.49,
CSGP,2000-11-24,2.53,2.62,2.47,2.62,
CSGP,2000-11-27,2.59,2.64,2.49,2.49,
CSGP,2000-11-28,2.45,2.5,2.39,2.39,
CSGP,2000-11-29,2.4,2.47,2.3,2.35,
CSGP,2000-11-30,2.3,2.3,2.2,2.23,
CSGP,2000-12-01,2.25,2.34,2.22,2.31,
CSGP,2000-12-04,2.26,2.3,2.16,2.21,
CSGP,2000-12-05,2.31,2.36,2.22,2.35,
CSGP,2000-12-06,2.28,2.36,2.24,2.24,
CSGP,2000-12-07,2.22,2.24,2.1,2.15,
CSGP,2000-12-08,2.12,2.22,2.09,2.15,
CSGP,2000-12-11,2.14,2.14,1.83,1.98,
CSGP,2000-12-12,1.99,2.26,1.97,2.15,
CSGP,2000-12-13,2.28,2.28,2.18,2.19,
CSGP,2000-12-14,2.2,2.21,2.1,2.16,
CSGP,2000-12-15,2.16,2.16,2.08,2.1,
CSGP,2000-12-18,2.09,2.13,2.05,2.13,
CSGP,2000-12-19,2.11,2.21,2.06,2.17,
CSGP,2000-12-20,2.09,2.19,2.0,2.15,
CSGP,2000-12-21,2.06,2.08,1.99,2.0,
CSGP,2000-12-22,2.01,2.07,2.01,2.01,
CSGP,2000-12-26,2.01,2.21,2.01,2.1,
CSGP,2000-12-27,2.03,2.21,2.03,2.19,
CSGP,2000-12-28,2.12,2.64,2.12,2.64,
CSGP,2000-12-29,2.65,2.65,2.11,2.36,
CSGP,2001-01-02,2.34,2.34,2.16,2.16,
CSGP,2001-01-03,2.05,2.53,1.98,2.49,
CSGP,2001-01-04,2.38,2.44,2.36,2.41,
CSGP,2001-01-05,2.35,2.53,2.34,2.44,
CSGP,2001-01-08,2.41,2.48,2.4,2.47,
CSGP,2001-01-09,2.44,2.51,2.29,2.46,
CSGP,2001-01-10,2.45,2.7,2.45,2.53,
CSGP,2001-01-11,2.44,2.89,2.44,2.65,
CSGP,2001-01-12,2.65,2.83,2.64,2.78,
CSGP,2001-01-16,2.71,2.89,2.5,2.79,
CSGP,2001-01-17,2.78,2.81,2.67,2.69,
CSGP,2001-01-18,2.73,2.75,2.6,2.72,
CSGP,2001-01-19,2.72,2.75,2.7,2.7,
CSGP,2001-01-22,2.74,2.74,2.47,2.59,
CSGP,2001-01-23,2.65,2.87,2.59,2.79,
CSGP,2001-01-24,2.81,3.08,2.71,3.05,
CSGP,2001-01-25,3.05,3.06,2.89,2.89,
CSGP,2001-01-26,2.9,2.9,2.72,2.79,
CSGP,2001-01-29,2.79,2.88,2.79,2.8,
CSGP,2001-01-30,2.81,2.88,2.8,2.86,
CSGP,2001-01-31,2.88,2.88,2.81,2.83,
CSGP,2001-02-01,2.86,2.91,2.83,2.86,
CSGP,2001-02-02,2.91,2.94,2.83,2.91,
CSGP,2001-02-05,2.88,2.89,2.72,2.74,
CSGP,2001-02-06,2.8,2.8,2.62,2.65,
CSGP,2001-02-07,2.67,2.67,2.48,2.49,
CSGP,2001-02-08,2.48,2.51,2.36,2.45,
CSGP,2001-02-09,2.47,2.49,2.41,2.49,
CSGP,2001-02-12,2.4,2.51,2.4,2.51,
CSGP,2001-02-13,2.52,2.53,2.41,2.44,
CSGP,2001-02-14,2.4,2.44,2.31,2.33,
CSGP,2001-02-15,2.35,2.35,1.96,1.99,
CSGP,2001-02-16,1.99,2.0,1.85,1.85,
CSGP,2001-02-20,1.86,1.86,1.69,1.7,
CSGP,2001-02-21,1.71,1.81,1.64,1.67,
CSGP,2001-02-22,1.72,1.95,1.7,1.83,
CSGP,2001-02-23,1.86,1.86,1.74,1.82,
CSGP,2001-02-26,1.76,1.9,1.75,1.9,
CSGP,2001-02-27,1.87,1.92,1.83,1.83,
CSGP,2001-02-28,1.83,1.85,1.74,1.79,
CSGP,2001-03-01,1.76,1.78,1.6,1.68,
CSGP,2001-03-02,1.73,1.73,1.65,1.7,
CSGP,2001-03-05,1.69,1.71,1.58,1.58,
CSGP,2001-03-06,1.61,1.62,1.6,1.61,
CSGP,2001-03-07,1.64,1.72,1.61,1.71,
CSGP,2001-03-08,1.69,1.73,1.69,1.71,
CSGP,2001-03-09,1.69,1.7,1.64,1.69,
CSGP,2001-03-12,1.67,1.7,1.64,1.69,
CSGP,2001-03-13,1.7,1.72,1.62,1.7,
CSGP,2001-03-14,1.66,1.73,1.66,1.69,
CSGP,2001-03-15,1.68,1.7,1.6,1.68,
CSGP,2001-03-16,1.71,1.71,1.54,1.59,
CSGP,2001-03-19,1.56,1.62,1.56,1.61,
CSGP,2001-03-20,1.61,1.66,1.58,1.63,
CSGP,2001-03-21,1.56,1.62,1.5,1.51,
CSGP,2001-03-22,1.51,1.59,1.49,1.57,
CSGP,2001-03-23,1.52,1.53,1.4,1.51,
CSGP,2001-03-26,1.52,1.73,1.52,1.6,
CSGP,2001-03-27,1.58,1.76,1.56,1.73,
CSGP,2001-03-28,1.69,1.96,1.68,1.76,
CSGP,2001-03-29,1.71,1.81,1.67,1.77,
CSGP,2001-03-30,1.76,1.95,1.76,1.91,
CSGP,2001-04-02,1.95,1.95,1.8,1.85,
CSGP,2001-04-03,1.84,1.84,1.62,1.62,
CSGP,2001-04-04,1.66,1.69,1.52,1.55,
CSGP,2001-04-05,1.62,1.8,1.62,1.8,
CSGP,2001-04-06,1.77,1.8,1.69,1.7,
CSGP,2001-04-09,1.7,1.72,1.7,1.71,
CSGP,2001-04-10,1.71,1.98,1.7,1.95,
CSGP,2001-04-11,1.97,1.99,1.82,1.85,
CSGP,2001-04-12,1.86,1.94,1.86,1.9,
CSGP,2001-04-16,1.88,1.88,1.79,1.79,
CSGP,2001-04-17,1.78,1.85,1.76,1.81,
CSGP,2001-04-18,1.83,2.1,1.79,1.81,
CSGP,2001-04-19,1.83,2.01,1.81,1.93,
CSGP,2001-04-20,1.91,1.93,1.86,1.93,
CSGP,2001-04-23,1.84,1.93,1.81,1.83,
CSGP,2001-04-24,1.84,1.87,1.84,1.85,
CSGP,2001-04-25,1.87,1.87,1.8,1.8,
CSGP,2001-04-26,1.87,2.22,1.87,2.19,
CSGP,2001-04-27,2.16,2.25,2.16,2.24,
CSGP,2001-04-30,2.28,2.35,2.26,2.33,
CSGP,2001-05-01,2.33,2.4,2.33,2.4,
CSGP,2001-05-02,2.38,2.5,2.38,2.5,
CSGP,2001-05-03,2.51,2.59,2.41,2.59,
CSGP,2001-05-04,2.54,2.54,2.48,2.49,
CSGP,2001-05-07,2.46,2.54,2.44,2.52,
CSGP,2001-05-08,2.53,2.53,2.26,2.31,
CSGP,2001-05-09,2.31,2.37,2.3,2.36,
CSGP,2001-05-10,2.35,2.42,2.34,2.4,
CSGP,2001-05-11,2.4,2.41,2.36,2.37,
CSGP,2001-05-14,2.41,2.43,2.36,2.41,
CSGP,2001-05-15,2.38,2.5,2.38,2.45,
CSGP,2001-05-16,2.43,2.5,2.38,2.49,
CSGP,2001-05-17,2.49,2.76,2.49,2.76,
CSGP,2001-05-18,2.6,2.78,2.6,2.74,
CSGP,2001-05-21,2.75,2.8,2.74,2.79,
CSGP,2001-05-22,2.8,2.91,2.8,2.89,
CSGP,2001-05-23,2.8,2.81,2.76,2.79,
CSGP,2001-05-24,2.75,2.8,2.52,2.56,
CSGP,2001-05-25,2.6,2.63,2.55,2.61,
CSGP,2001-05-29,2.63,2.63,2.48,2.48,
CSGP,2001-05-30,2.48,2.51,2.45,2.49,
CSGP,2001-05-31,2.48,2.51,2.47,2.51,
CSGP,2001-06-01,2.51,2.52,2.49,2.51,
CSGP,2001-06-04,2.51,2.64,2.51,2.6,
CSGP,2001-06-05,2.61,2.73,2.61,2.73,
CSGP,2001-06-06,2.71,2.71,2.48,2.54,
CSGP,2001-06-07,2.58,2.74,2.58,2.74,
CSGP,2001-06-08,2.65,2.71,2.53,2.53,
CSGP,2001-06-11,2.59,2.71,2.53,2.68,
CSGP,2001-06-12,2.63,2.63,2.56,2.59,
CSGP,2001-06-13,2.63,2.63,2.56,2.57,
CSGP,2001-06-14,2.55,2.59,2.47,2.47,
CSGP,2001-06-15,2.43,2.58,2.43,2.58,
CSGP,2001-06-18,2.58,2.62,2.48,2.51,
CSGP,2001-06-19,2.51,2.69,2.5,2.52,
CSGP,2001-06-20,2.49,2.54,2.49,2.53,
CSGP,2001-06-21,2.53,2.73,2.53,2.67,
CSGP,2001-06-22,2.61,2.62,2.49,2.51,
CSGP,2001-06-25,2.49,2.53,2.48,2.52,
CSGP,2001-06-26,2.53,2.71,2.53,2.64,
CSGP,2001-06-27,2.64,2.68,2.63,2.63,
CSGP,2001-06-28,2.63,2.63,2.56,2.63,
CSGP,2001-06-29,2.64,2.79,2.51,2.63,
CSGP,2001-07-02,2.58,2.71,2.58,2.62,
CSGP,2001-07-03,2.66,2.73,2.55,2.57,
CSGP,2001-07-05,2.55,2.7,2.54,2.65,
CSGP,2001-07-06,2.66,2.7,2.55,2.65,
CSGP,2001-07-09,2.6,2.72,2.6,2.63,
CSGP,2001-07-10,2.63,2.63,2.42,2.42,
CSGP,2001-07-11,2.51,2.51,2.3,2.32,
CSGP,2001-07-12,2.39,2.46,2.32,2.36,
CSGP,2001-07-13,2.36,2.46,2.36,2.46,
CSGP,2001-07-16,2.46,2.5,2.43,2.45,
CSGP,2001-07-17,2.42,2.57,2.41,2.51,
CSGP,2001-07-18,2.52,2.62,2.47,2.54,
CSGP,2001-07-19,2.55,2.69,2.54,2.63,
CSGP,2001-07-20,2.63,2.66,2.57,2.58,
CSGP,2001-07-23,2.53,2.55,2.46,2.48,
CSGP,2001-07-24,2.47,2.53,2.47,2.53,
CSGP,2001-07-25,2.48,2.67,2.48,2.53,
CSGP,2001-07-26,2.54,2.64,2.51,2.59,
CSGP,2001-07-27,2.58,2.72,2.56,2.59,
CSGP,2001-07-30,2.57,2.7,2.53,2.6,
CSGP,2001-07-31,2.54,2.8,2.54,2.71,
CSGP,2001-08-01,2.63,2.79,2.63,2.69,
CSGP,2001-08-02,2.68,2.78,2.63,2.78,
CSGP,2001-08-03,2.69,2.78,2.69,2.7,
CSGP,2001-08-06,2.69,2.69,2.57,2.57,
CSGP,2001-08-07,2.57,2.62,2.53,2.58,
CSGP,2001-08-08,2.8,2.81,2.46,2.46,
CSGP,2001-08-09,2.53,2.53,2.43,2.48,
CSGP,2001-08-10,2.53,2.56,2.46,2.48,
CSGP,2001-08-13,2.48,2.58,2.48,2.51,
CSGP,2001-08-14,2.57,2.57,2.48,2.54,
CSGP,2001-08-15,2.56,2.57,2.41,2.5,
CSGP,2001-08-16,2.48,2.6,2.47,2.6,
CSGP,2001-08-17,2.5,2.57,2.47,2.5,
CSGP,2001-08-20,2.53,2.53,2.47,2.53,
CSGP,2001-08-21,2.52,2.53,2.5,2.51,
CSGP,2001-08-22,2.51,2.55,2.48,2.55,
CSGP,2001-08-23,2.56,2.57,2.5,2.5,
CSGP,2001-08-24,2.53,2.58,2.48,2.56,
CSGP,2001-08-27,2.57,2.58,2.49,2.49,
CSGP,2001-08-28,2.54,2.54,2.47,2.47,
CSGP,2001-08-29,2.55,2.55,2.47,2.5,
CSGP,2001-08-30,2.51,2.52,2.49,2.51,
CSGP,2001-08-31,2.5,2.54,2.49,2.5,
CSGP,2001-09-04,2.5,2.55,2.4,2.41,
CSGP,2001-09-05,2.4,2.4,2.19,2.2,
CSGP,2001-09-06,2.18,2.19,2.03,2.03,
CSGP,2001-09-07,2.01,2.02,1.98,2.02,
CSGP,2001-09-10,2.04,2.05,1.92,1.92,
CSGP,2001-09-17,1.73,1.8,1.58,1.77,
CSGP,2001-09-18,1.71,1.75,1.63,1.67,
CSGP,2001-09-19,1.68,1.99,1.68,1.99,
CSGP,2001-09-20,1.79,2.01,1.79,1.83,
CSGP,2001-09-21,1.81,1.86,1.66,1.79,
CSGP,2001-09-24,1.8,1.96,1.8,1.9,"[""Charting the Market A graphic look at selected stock activity for the week ended September21, 2001."", ""Research Reports Comments from investment analysts on several companies, each withbuy/hold/sell recommendations.""]"
CSGP,2001-09-25,1.89,1.9,1.84,1.88,
CSGP,2001-09-26,1.86,1.86,1.71,1.71,
CSGP,2001-09-27,1.76,1.79,1.65,1.74,
CSGP,2001-09-28,1.77,1.83,1.75,1.8,
CSGP,2001-10-01,1.72,1.83,1.72,1.82,
CSGP,2001-10-02,1.8,1.8,1.74,1.75,
CSGP,2001-10-03,1.74,1.97,1.74,1.83,
CSGP,2001-10-04,1.88,1.88,1.74,1.74,
CSGP,2001-10-05,1.74,1.84,1.63,1.84,
CSGP,2001-10-08,1.81,1.85,1.74,1.85,
CSGP,2001-10-09,1.78,1.85,1.75,1.75,
CSGP,2001-10-10,1.74,1.89,1.7,1.88,
CSGP,2001-10-11,1.89,2.06,1.82,2.05,
CSGP,2001-10-12,2.02,2.16,1.99,2.06,
CSGP,2001-10-15,2.06,2.21,1.96,2.2,
CSGP,2001-10-16,2.21,2.32,2.13,2.26,
CSGP,2001-10-17,2.21,2.23,2.05,2.07,
CSGP,2001-10-18,2.1,2.1,1.99,2.04,
CSGP,2001-10-19,2.02,2.23,2.02,2.11,
CSGP,2001-10-22,2.03,2.15,2.02,2.12,
CSGP,2001-10-23,2.14,2.27,2.06,2.17,
CSGP,2001-10-24,2.17,2.22,2.15,2.16,
CSGP,2001-10-25,2.14,2.2,2.08,2.12,
CSGP,2001-10-26,2.05,2.09,1.99,2.0,
CSGP,2001-10-29,2.02,2.04,1.9,1.9,
CSGP,2001-10-30,1.95,1.95,1.74,1.74,
CSGP,2001-10-31,1.83,1.88,1.73,1.85,
CSGP,2001-11-01,1.88,1.93,1.84,1.9,
CSGP,2001-11-02,1.91,1.93,1.89,1.89,
CSGP,2001-11-05,1.92,1.92,1.74,1.83,
CSGP,2001-11-06,1.78,1.9,1.78,1.9,
CSGP,2001-11-07,1.9,2.0,1.84,1.84,
CSGP,2001-11-08,1.9,1.96,1.78,1.78,
CSGP,2001-11-09,1.79,1.8,1.74,1.75,
CSGP,2001-11-12,1.75,1.81,1.73,1.78,
CSGP,2001-11-13,1.79,1.8,1.76,1.77,
CSGP,2001-11-14,1.8,1.94,1.78,1.94,
CSGP,2001-11-15,1.9,1.9,1.77,1.78,
CSGP,2001-11-16,1.8,1.84,1.78,1.81,
CSGP,2001-11-19,1.83,1.85,1.77,1.83,
CSGP,2001-11-20,1.8,1.83,1.77,1.79,
CSGP,2001-11-21,1.79,1.85,1.79,1.81,
CSGP,2001-11-23,1.83,1.83,1.82,1.82,
CSGP,2001-11-26,1.77,1.86,1.77,1.86,
CSGP,2001-11-27,1.85,1.85,1.8,1.82,
CSGP,2001-11-28,1.83,1.88,1.81,1.81,
CSGP,2001-11-29,1.83,1.95,1.81,1.95,
CSGP,2001-11-30,1.87,2.03,1.87,1.94,
CSGP,2001-12-03,1.92,1.98,1.9,1.92,
CSGP,2001-12-04,1.93,1.97,1.92,1.95,
CSGP,2001-12-05,1.93,2.02,1.93,2.0,
CSGP,2001-12-06,2.01,2.05,1.98,2.05,
CSGP,2001-12-07,2.01,2.06,1.99,2.06,
CSGP,2001-12-10,2.0,2.06,1.99,2.0,
CSGP,2001-12-11,2.01,2.07,1.99,2.07,
CSGP,2001-12-12,2.06,2.08,2.0,2.08,
CSGP,2001-12-13,2.02,2.06,1.96,1.97,
CSGP,2001-12-14,2.02,2.04,1.92,2.04,
CSGP,2001-12-17,1.97,2.1,1.97,2.0,
CSGP,2001-12-18,1.99,2.03,1.99,2.03,
CSGP,2001-12-19,2.01,2.03,1.99,2.0,
CSGP,2001-12-20,2.0,2.12,1.95,1.99,
CSGP,2001-12-21,2.06,2.07,2.01,2.06,
CSGP,2001-12-24,2.03,2.1,2.03,2.07,
CSGP,2001-12-26,2.03,2.16,2.01,2.16,
CSGP,2001-12-27,2.13,2.23,2.13,2.23,
CSGP,2001-12-28,2.29,2.41,2.23,2.33,
CSGP,2001-12-31,2.4,2.44,2.39,2.4,
CSGP,2002-01-02,2.45,2.45,2.24,2.31,
CSGP,2002-01-03,2.32,2.34,2.25,2.3,
CSGP,2002-01-04,2.3,2.38,2.29,2.31,
CSGP,2002-01-07,2.39,2.39,2.3,2.3,
CSGP,2002-01-08,2.3,2.35,2.3,2.34,
CSGP,2002-01-09,2.34,2.45,2.34,2.4,
CSGP,2002-01-10,2.42,2.45,2.4,2.44,
CSGP,2002-01-11,2.41,2.41,2.37,2.37,
CSGP,2002-01-14,2.38,2.5,2.3,2.46,
CSGP,2002-01-15,2.38,2.61,2.38,2.57,
CSGP,2002-01-16,2.55,2.55,2.39,2.39,
CSGP,2002-01-17,2.43,2.51,2.41,2.45,
CSGP,2002-01-18,2.44,2.48,2.34,2.34,
CSGP,2002-01-22,2.37,2.37,2.2,2.25,
CSGP,2002-01-23,2.24,2.39,2.24,2.36,
CSGP,2002-01-24,2.41,2.41,2.36,2.36,
CSGP,2002-01-25,2.36,2.38,2.33,2.33,
CSGP,2002-01-28,2.33,2.35,2.27,2.32,
CSGP,2002-01-29,2.28,2.29,2.24,2.24,
CSGP,2002-01-30,2.28,2.32,2.2,2.3,
CSGP,2002-01-31,2.33,2.33,2.29,2.33,
CSGP,2002-02-01,2.32,2.39,2.32,2.35,
CSGP,2002-02-04,2.35,2.47,2.33,2.45,
CSGP,2002-02-05,2.42,2.46,2.37,2.44,
CSGP,2002-02-06,2.44,2.46,2.36,2.36,
CSGP,2002-02-07,2.39,2.39,2.33,2.34,
CSGP,2002-02-08,2.36,2.36,2.32,2.35,
CSGP,2002-02-11,2.35,2.36,2.3,2.36,
CSGP,2002-02-12,2.36,2.4,2.3,2.34,
CSGP,2002-02-13,2.31,2.31,1.91,2.0,
CSGP,2002-02-14,1.99,2.02,1.92,1.96,"Stocks to watch: Baker Hughes, National Golf and more Stocks to watch Thursday, and those that were big movers in Wednesday's action."
CSGP,2002-02-15,1.92,1.96,1.91,1.95,
CSGP,2002-02-19,1.93,1.93,1.77,1.77,
CSGP,2002-02-20,1.83,1.83,1.63,1.72,
CSGP,2002-02-21,1.71,1.72,1.6,1.61,
CSGP,2002-02-22,1.63,1.77,1.63,1.72,
CSGP,2002-02-25,1.7,1.88,1.68,1.86,
CSGP,2002-02-26,1.75,1.88,1.74,1.84,
CSGP,2002-02-27,1.88,1.88,1.82,1.85,
CSGP,2002-02-28,1.8,1.85,1.77,1.8,
CSGP,2002-03-01,1.77,1.86,1.77,1.84,
CSGP,2002-03-04,1.8,2.04,1.8,2.03,
CSGP,2002-03-05,2.01,2.01,1.92,1.93,
CSGP,2002-03-06,2.0,2.02,1.93,1.97,
CSGP,2002-03-07,2.01,2.09,1.98,2.06,
CSGP,2002-03-08,2.06,2.27,2.06,2.24,
CSGP,2002-03-11,2.24,2.25,2.04,2.08,
CSGP,2002-03-12,2.04,2.08,2.04,2.08,
CSGP,2002-03-13,2.04,2.05,1.99,1.99,
CSGP,2002-03-14,1.98,2.03,1.97,2.03,
CSGP,2002-03-15,1.95,2.01,1.94,1.99,
CSGP,2002-03-18,1.99,2.05,1.95,2.04,
CSGP,2002-03-19,2.01,2.15,2.01,2.09,
CSGP,2002-03-20,2.08,2.08,2.03,2.03,
CSGP,2002-03-21,2.07,2.15,2.03,2.15,
CSGP,2002-03-22,2.14,2.2,2.12,2.15,
CSGP,2002-03-25,2.16,2.16,2.1,2.13,
CSGP,2002-03-26,2.14,2.22,2.14,2.21,
CSGP,2002-03-27,2.18,2.33,2.18,2.3,
CSGP,2002-03-28,2.27,2.32,2.27,2.28,
CSGP,2002-04-01,2.28,2.28,2.19,2.26,
CSGP,2002-04-02,2.23,2.27,2.19,2.2,
CSGP,2002-04-03,2.23,2.26,2.2,2.2,
CSGP,2002-04-04,2.2,2.25,2.18,2.2,
CSGP,2002-04-05,2.22,2.27,2.2,2.27,
CSGP,2002-04-08,2.26,2.31,2.22,2.31,
CSGP,2002-04-09,2.23,2.33,2.23,2.27,
CSGP,2002-04-10,2.25,2.37,2.25,2.37,
CSGP,2002-04-11,2.39,2.41,2.27,2.27,
CSGP,2002-04-12,2.32,2.4,2.31,2.38,
CSGP,2002-04-15,2.39,2.4,2.33,2.37,
CSGP,2002-04-16,2.4,2.42,2.38,2.41,
CSGP,2002-04-17,2.45,2.45,2.39,2.43,
CSGP,2002-04-18,2.45,2.5,2.43,2.5,
CSGP,2002-04-19,2.48,2.48,2.44,2.45,
CSGP,2002-04-22,2.48,2.48,2.37,2.44,
CSGP,2002-04-23,2.43,2.44,2.31,2.34,
CSGP,2002-04-24,2.36,2.53,2.28,2.53,
CSGP,2002-04-25,2.53,2.53,2.42,2.49,
CSGP,2002-04-26,2.43,2.48,2.38,2.38,
CSGP,2002-04-29,2.43,2.43,2.3,2.31,
CSGP,2002-04-30,2.3,2.38,2.29,2.38,
CSGP,2002-05-01,2.35,2.35,2.27,2.32,
CSGP,2002-05-02,2.32,2.37,2.3,2.3,
CSGP,2002-05-03,2.34,2.39,2.29,2.34,
CSGP,2002-05-06,2.31,2.42,2.3,2.33,
CSGP,2002-05-07,2.35,2.35,2.29,2.3,
CSGP,2002-05-08,2.31,2.42,2.3,2.38,
CSGP,2002-05-09,2.4,2.44,2.3,2.32,
CSGP,2002-05-10,2.36,2.37,2.18,2.18,
CSGP,2002-05-13,2.21,2.25,2.14,2.17,
CSGP,2002-05-14,2.3,2.38,2.23,2.37,
CSGP,2002-05-15,2.37,2.37,2.28,2.36,
CSGP,2002-05-16,2.38,2.38,2.29,2.31,
CSGP,2002-05-17,2.25,2.43,2.24,2.41,
CSGP,2002-05-20,2.42,2.43,2.38,2.41,
CSGP,2002-05-21,2.38,2.44,2.32,2.34,
CSGP,2002-05-22,2.39,2.39,2.17,2.22,
CSGP,2002-05-23,2.25,2.25,2.18,2.25,
CSGP,2002-05-24,2.25,2.25,2.17,2.17,
CSGP,2002-05-28,2.19,2.24,2.08,2.08,
CSGP,2002-05-29,2.11,2.16,2.11,2.11,
CSGP,2002-05-30,2.14,2.15,2.07,2.12,
CSGP,2002-05-31,2.13,2.14,2.08,2.12,
CSGP,2002-06-03,2.15,2.15,1.97,1.98,
CSGP,2002-06-04,2.07,2.07,1.99,2.03,
CSGP,2002-06-05,2.03,2.1,2.01,2.02,
CSGP,2002-06-06,2.07,2.15,2.0,2.04,
CSGP,2002-06-07,2.02,2.12,2.01,2.11,
CSGP,2002-06-10,2.12,2.15,2.12,2.15,
CSGP,2002-06-11,2.13,2.13,2.05,2.1,
CSGP,2002-06-12,2.11,2.11,2.08,2.11,
CSGP,2002-06-13,2.11,2.11,2.06,2.1,
CSGP,2002-06-14,2.11,2.11,2.08,2.11,
CSGP,2002-06-17,2.11,2.11,2.06,2.1,
CSGP,2002-06-18,2.11,2.15,2.08,2.1,
CSGP,2002-06-19,2.08,2.2,2.08,2.1,
CSGP,2002-06-20,2.14,2.15,2.06,2.09,
CSGP,2002-06-21,2.1,2.14,2.09,2.14,
CSGP,2002-06-24,2.14,2.14,2.07,2.1,
CSGP,2002-06-25,2.14,2.14,2.07,2.08,
CSGP,2002-06-26,2.07,2.13,2.05,2.08,
CSGP,2002-06-27,2.08,2.11,1.96,2.0,
CSGP,2002-06-28,2.0,2.1,1.98,2.05,
CSGP,2002-07-01,1.97,2.02,1.86,1.92,
CSGP,2002-07-02,1.85,1.96,1.77,1.8,
CSGP,2002-07-03,1.77,1.77,1.71,1.74,
CSGP,2002-07-05,1.76,1.84,1.73,1.84,
CSGP,2002-07-08,1.84,1.84,1.79,1.79,
CSGP,2002-07-09,1.84,1.85,1.78,1.85,
CSGP,2002-07-10,1.86,1.94,1.81,1.86,
CSGP,2002-07-11,1.83,1.93,1.83,1.9,
CSGP,2002-07-12,1.86,1.99,1.86,1.93,
CSGP,2002-07-15,1.91,2.02,1.89,2.02,
CSGP,2002-07-16,1.97,2.03,1.93,2.02,
CSGP,2002-07-17,2.0,2.06,2.0,2.06,
CSGP,2002-07-18,2.02,2.06,2.0,2.0,
CSGP,2002-07-19,1.99,2.07,1.88,1.88,
CSGP,2002-07-22,1.93,1.93,1.88,1.92,
CSGP,2002-07-23,1.92,1.92,1.85,1.89,
CSGP,2002-07-24,1.87,2.14,1.86,2.13,
CSGP,2002-07-25,2.08,2.25,2.05,2.12,
CSGP,2002-07-26,2.13,2.16,2.12,2.16,
CSGP,2002-07-29,2.18,2.18,2.14,2.16,
CSGP,2002-07-30,2.12,2.2,2.06,2.2,
CSGP,2002-07-31,2.16,2.16,2.1,2.1,
CSGP,2002-08-01,2.12,2.22,2.07,2.07,
CSGP,2002-08-02,2.05,2.06,1.93,1.93,
CSGP,2002-08-05,1.94,2.01,1.94,1.97,
CSGP,2002-08-06,2.02,2.02,1.96,1.97,
CSGP,2002-08-07,1.98,2.05,1.91,1.96,
CSGP,2002-08-08,1.96,2.08,1.96,2.07,
CSGP,2002-08-09,2.08,2.16,2.05,2.16,
CSGP,2002-08-12,2.16,2.17,2.1,2.16,
CSGP,2002-08-13,2.13,2.13,2.05,2.09,
CSGP,2002-08-14,2.09,2.16,1.99,2.16,
CSGP,2002-08-15,2.16,2.2,2.12,2.13,
CSGP,2002-08-16,2.13,2.18,2.08,2.08,
CSGP,2002-08-19,2.08,2.23,2.08,2.23,
CSGP,2002-08-20,2.23,2.33,2.22,2.25,
CSGP,2002-08-21,2.27,2.4,2.27,2.37,
CSGP,2002-08-22,2.36,2.4,2.3,2.39,
CSGP,2002-08-23,2.3,2.33,2.29,2.3,
CSGP,2002-08-26,2.28,2.4,2.25,2.4,
CSGP,2002-08-27,2.38,2.4,2.35,2.38,
CSGP,2002-08-28,2.35,2.42,2.32,2.34,
CSGP,2002-08-29,2.34,2.41,2.34,2.4,
CSGP,2002-08-30,2.41,2.45,2.4,2.41,
CSGP,2002-09-03,2.4,2.42,2.36,2.39,
CSGP,2002-09-04,2.39,2.43,2.35,2.43,
CSGP,2002-09-05,2.42,2.43,2.35,2.4,
CSGP,2002-09-06,2.4,2.45,2.4,2.45,
CSGP,2002-09-09,2.45,2.45,2.27,2.29,
CSGP,2002-09-10,2.28,2.29,2.25,2.26,
CSGP,2002-09-11,2.26,2.28,2.22,2.22,
CSGP,2002-09-12,2.22,2.22,2.06,2.08,
CSGP,2002-09-13,2.07,2.11,2.06,2.06,
CSGP,2002-09-16,2.06,2.06,2.0,2.02,
CSGP,2002-09-17,2.05,2.05,1.93,1.93,
CSGP,2002-09-18,1.92,1.93,1.8,1.82,
CSGP,2002-09-19,1.8,1.82,1.73,1.73,
CSGP,2002-09-20,1.81,1.82,1.77,1.78,
CSGP,2002-09-23,1.77,1.8,1.77,1.8,
CSGP,2002-09-24,1.79,1.82,1.79,1.8,
CSGP,2002-09-25,1.83,1.85,1.79,1.79,
CSGP,2002-09-26,1.81,1.85,1.77,1.8,
CSGP,2002-09-27,1.84,1.85,1.78,1.81,
CSGP,2002-09-30,1.78,1.8,1.76,1.8,
CSGP,2002-10-01,1.8,1.8,1.66,1.69,
CSGP,2002-10-02,1.7,1.7,1.67,1.67,
CSGP,2002-10-03,1.68,1.7,1.66,1.67,
CSGP,2002-10-04,1.68,1.68,1.63,1.63,
CSGP,2002-10-07,1.64,1.67,1.64,1.66,
CSGP,2002-10-08,1.65,1.69,1.64,1.68,
CSGP,2002-10-09,1.65,1.68,1.62,1.62,
CSGP,2002-10-10,1.63,1.67,1.62,1.67,
CSGP,2002-10-11,1.65,1.67,1.64,1.65,
CSGP,2002-10-14,1.66,1.72,1.65,1.72,
CSGP,2002-10-15,1.72,1.75,1.67,1.7,
CSGP,2002-10-16,1.7,1.71,1.68,1.71,
CSGP,2002-10-17,1.71,1.82,1.71,1.79,
CSGP,2002-10-18,1.79,1.88,1.79,1.84,
CSGP,2002-10-21,1.87,1.87,1.82,1.82,
CSGP,2002-10-22,1.81,1.81,1.74,1.77,
CSGP,2002-10-23,1.77,1.83,1.76,1.77,
CSGP,2002-10-24,1.8,1.8,1.72,1.75,
CSGP,2002-10-25,1.75,1.75,1.7,1.73,
CSGP,2002-10-28,1.73,1.76,1.64,1.65,
CSGP,2002-10-29,1.64,1.64,1.59,1.6,
CSGP,2002-10-30,1.61,1.61,1.58,1.59,
CSGP,2002-10-31,1.59,1.64,1.59,1.63,
CSGP,2002-11-01,1.62,1.65,1.6,1.64,
CSGP,2002-11-04,1.63,1.63,1.59,1.62,
CSGP,2002-11-05,1.6,1.66,1.59,1.61,
CSGP,2002-11-06,1.6,1.72,1.6,1.67,
CSGP,2002-11-07,1.7,1.72,1.63,1.63,
CSGP,2002-11-08,1.65,1.69,1.65,1.67,
CSGP,2002-11-11,1.67,1.67,1.61,1.63,
CSGP,2002-11-12,1.63,1.75,1.63,1.71,
CSGP,2002-11-13,1.75,1.76,1.68,1.69,
CSGP,2002-11-14,1.73,1.77,1.67,1.74,
CSGP,2002-11-15,1.74,1.75,1.74,1.74,
CSGP,2002-11-18,1.74,1.74,1.69,1.7,
CSGP,2002-11-19,1.7,1.71,1.68,1.7,
CSGP,2002-11-20,1.7,1.73,1.7,1.73,
CSGP,2002-11-21,1.73,1.84,1.73,1.84,
CSGP,2002-11-22,1.84,1.89,1.84,1.89,
CSGP,2002-11-25,1.85,1.95,1.83,1.93,
CSGP,2002-11-26,1.91,1.93,1.75,1.75,
CSGP,2002-11-27,1.75,1.8,1.72,1.76,
CSGP,2002-11-29,1.76,1.8,1.72,1.8,
CSGP,2002-12-02,1.75,1.88,1.75,1.83,
CSGP,2002-12-03,1.83,1.86,1.8,1.85,
CSGP,2002-12-04,1.83,1.92,1.82,1.9,
CSGP,2002-12-05,1.92,1.92,1.83,1.83,
CSGP,2002-12-06,1.83,1.83,1.79,1.8,
CSGP,2002-12-09,1.8,1.8,1.73,1.73,
CSGP,2002-12-10,1.73,1.77,1.73,1.75,
CSGP,2002-12-11,1.77,1.81,1.75,1.81,
CSGP,2002-12-12,1.81,1.9,1.8,1.9,
CSGP,2002-12-13,1.9,1.9,1.86,1.86,
CSGP,2002-12-16,1.86,1.86,1.83,1.86,
CSGP,2002-12-17,1.86,1.89,1.84,1.84,
CSGP,2002-12-18,1.84,1.84,1.77,1.79,
CSGP,2002-12-19,1.78,1.85,1.75,1.75,
CSGP,2002-12-20,1.79,1.83,1.7,1.73,
CSGP,2002-12-23,1.71,1.76,1.71,1.71,
CSGP,2002-12-24,1.71,1.73,1.7,1.71,
CSGP,2002-12-26,1.7,1.75,1.7,1.73,
CSGP,2002-12-27,1.73,1.77,1.7,1.77,
CSGP,2002-12-30,1.74,1.77,1.72,1.76,
CSGP,2002-12-31,1.74,1.92,1.73,1.85,
CSGP,2003-01-02,1.91,1.91,1.77,1.78,
CSGP,2003-01-03,1.8,1.84,1.76,1.78,
CSGP,2003-01-06,1.78,1.82,1.76,1.81,
CSGP,2003-01-07,1.79,1.79,1.77,1.79,
CSGP,2003-01-08,1.78,1.85,1.77,1.79,
CSGP,2003-01-09,1.8,1.85,1.8,1.85,
CSGP,2003-01-10,1.85,1.99,1.84,1.95,
CSGP,2003-01-13,1.99,2.13,1.99,2.0,
CSGP,2003-01-14,2.0,2.06,2.0,2.02,
CSGP,2003-01-15,2.01,2.03,1.99,2.03,
CSGP,2003-01-16,2.01,2.03,2.01,2.03,
CSGP,2003-01-17,2.03,2.03,2.01,2.02,
CSGP,2003-01-21,2.04,2.04,2.01,2.01,
CSGP,2003-01-22,2.0,2.02,1.98,2.0,
CSGP,2003-01-23,2.02,2.06,2.0,2.03,
CSGP,2003-01-24,2.04,2.04,1.94,1.95,
CSGP,2003-01-27,1.95,2.0,1.95,1.98,
CSGP,2003-01-28,2.0,2.03,1.98,2.03,
CSGP,2003-01-29,2.0,2.1,2.0,2.09,
CSGP,2003-01-30,2.07,2.1,2.06,2.06,
CSGP,2003-01-31,2.04,2.05,2.0,2.02,
CSGP,2003-02-03,2.01,2.04,2.0,2.01,
CSGP,2003-02-04,2.0,2.01,1.99,2.01,
CSGP,2003-02-05,1.99,1.99,1.89,1.89,
CSGP,2003-02-06,1.91,1.91,1.88,1.89,
CSGP,2003-02-07,1.89,1.89,1.82,1.83,
CSGP,2003-02-10,1.81,1.9,1.79,1.86,
CSGP,2003-02-11,1.86,1.86,1.81,1.84,
CSGP,2003-02-12,1.8,1.88,1.8,1.88,
CSGP,2003-02-13,1.88,1.88,1.83,1.85,
CSGP,2003-02-14,1.84,1.95,1.84,1.94,
CSGP,2003-02-18,1.93,2.02,1.93,2.01,
CSGP,2003-02-19,2.01,2.03,1.99,2.0,
CSGP,2003-02-20,2.0,2.03,2.0,2.01,
CSGP,2003-02-21,2.01,2.01,1.99,2.01,
CSGP,2003-02-24,2.0,2.01,2.0,2.0,
CSGP,2003-02-25,2.0,2.01,1.98,2.01,
CSGP,2003-02-26,1.99,2.02,1.99,2.02,
CSGP,2003-02-27,2.01,2.09,2.01,2.07,
CSGP,2003-02-28,2.06,2.08,2.0,2.06,
CSGP,2003-03-03,2.08,2.08,2.05,2.06,
CSGP,2003-03-04,2.06,2.08,2.04,2.04,
CSGP,2003-03-05,2.04,2.04,2.0,2.04,
CSGP,2003-03-06,2.0,2.04,2.0,2.04,
CSGP,2003-03-07,2.0,2.1,2.0,2.06,
CSGP,2003-03-10,2.02,2.07,2.02,2.06,
CSGP,2003-03-11,2.04,2.09,2.02,2.03,
CSGP,2003-03-12,2.03,2.05,2.02,2.04,
CSGP,2003-03-13,2.05,2.11,2.04,2.1,
CSGP,2003-03-14,2.07,2.11,2.05,2.1,
CSGP,2003-03-17,2.07,2.07,2.0,2.0,
CSGP,2003-03-18,2.0,2.13,2.0,2.13,
CSGP,2003-03-19,2.13,2.16,2.1,2.16,
CSGP,2003-03-20,2.13,2.23,2.13,2.23,
CSGP,2003-03-21,2.24,2.26,2.23,2.26,
CSGP,2003-03-24,2.23,2.25,2.23,2.24,
CSGP,2003-03-25,2.25,2.26,2.23,2.26,
CSGP,2003-03-26,2.26,2.28,2.24,2.26,
CSGP,2003-03-27,2.25,2.27,2.25,2.25,
CSGP,2003-03-28,2.26,2.27,2.24,2.27,
CSGP,2003-03-31,2.24,2.25,2.2,2.2,
CSGP,2003-04-01,2.2,2.2,2.16,2.2,
CSGP,2003-04-02,2.2,2.3,2.2,2.29,
CSGP,2003-04-03,2.3,2.33,2.28,2.32,
CSGP,2003-04-04,2.33,2.39,2.32,2.39,
CSGP,2003-04-07,2.41,2.49,2.38,2.41,
CSGP,2003-04-08,2.38,2.4,2.22,2.25,
CSGP,2003-04-09,2.24,2.25,2.18,2.18,
CSGP,2003-04-10,2.21,2.21,2.18,2.18,
CSGP,2003-04-11,2.19,2.21,2.13,2.13,
CSGP,2003-04-14,2.14,2.28,2.12,2.28,
CSGP,2003-04-15,2.26,2.33,2.25,2.33,
CSGP,2003-04-16,2.31,2.34,2.28,2.34,
CSGP,2003-04-17,2.35,2.36,2.3,2.31,
CSGP,2003-04-21,2.31,2.35,2.31,2.34,
CSGP,2003-04-22,2.35,2.4,2.34,2.39,
CSGP,2003-04-23,2.4,2.44,2.38,2.44,
CSGP,2003-04-24,2.44,2.5,2.4,2.45,
CSGP,2003-04-25,2.46,2.46,2.28,2.29,
CSGP,2003-04-28,2.32,2.32,2.21,2.25,
CSGP,2003-04-29,2.28,2.28,2.24,2.25,
CSGP,2003-04-30,2.25,2.25,2.21,2.23,
CSGP,2003-05-01,2.21,2.23,2.11,2.18,
CSGP,2003-05-02,2.2,2.3,2.18,2.3,
CSGP,2003-05-05,2.3,2.37,2.29,2.34,
CSGP,2003-05-06,2.35,2.44,2.35,2.41,
CSGP,2003-05-07,2.4,2.43,2.4,2.4,
CSGP,2003-05-08,2.4,2.41,2.38,2.38,
CSGP,2003-05-09,2.39,2.41,2.39,2.41,
CSGP,2003-05-12,2.42,2.43,2.41,2.42,
CSGP,2003-05-13,2.43,2.43,2.38,2.39,
CSGP,2003-05-14,2.39,2.4,2.37,2.37,
CSGP,2003-05-15,2.37,2.4,2.35,2.38,
CSGP,2003-05-16,2.33,2.38,2.28,2.28,
CSGP,2003-05-19,2.32,2.34,2.25,2.25,
CSGP,2003-05-20,2.24,2.37,2.22,2.35,
CSGP,2003-05-21,2.25,2.44,2.25,2.44,
CSGP,2003-05-22,2.42,2.45,2.38,2.44,
CSGP,2003-05-23,2.43,2.43,2.37,2.43,
CSGP,2003-05-27,2.41,2.53,2.39,2.52,
CSGP,2003-05-28,2.54,2.77,2.54,2.77,
CSGP,2003-05-29,2.77,2.93,2.7,2.9,
CSGP,2003-05-30,2.86,2.86,2.78,2.82,
CSGP,2003-06-02,2.85,2.85,2.75,2.75,
CSGP,2003-06-03,2.75,2.84,2.75,2.8,
CSGP,2003-06-04,2.81,2.86,2.79,2.85,
CSGP,2003-06-05,2.88,2.88,2.81,2.87,
CSGP,2003-06-06,2.88,2.92,2.84,2.88,
CSGP,2003-06-09,2.85,2.85,2.74,2.8,
CSGP,2003-06-10,2.8,2.92,2.76,2.91,
CSGP,2003-06-11,2.94,2.98,2.87,2.98,
CSGP,2003-06-12,3.0,3.03,2.98,3.02,
CSGP,2003-06-13,3.04,3.04,2.94,2.95,
CSGP,2003-06-16,2.97,3.01,2.92,3.01,
CSGP,2003-06-17,3.02,3.03,2.87,2.9,
CSGP,2003-06-18,2.95,3.12,2.88,3.05,
CSGP,2003-06-19,3.05,3.05,2.88,2.9,
CSGP,2003-06-20,2.9,2.96,2.88,2.9,
CSGP,2003-06-23,2.95,2.95,2.79,2.81,
CSGP,2003-06-24,2.84,2.91,2.79,2.88,
CSGP,2003-06-25,2.84,3.02,2.8,2.96,
CSGP,2003-06-26,2.96,3.01,2.94,2.98,
CSGP,2003-06-27,2.98,2.99,2.95,2.98,
CSGP,2003-06-30,2.95,2.99,2.93,2.97,
CSGP,2003-07-01,2.98,3.01,2.9,3.01,
CSGP,2003-07-02,2.98,3.0,2.88,2.97,
CSGP,2003-07-03,2.95,3.05,2.85,3.02,
CSGP,2003-07-07,2.97,3.19,2.97,3.14,
CSGP,2003-07-08,3.12,3.16,3.12,3.14,
CSGP,2003-07-09,3.15,3.2,3.08,3.19,
CSGP,2003-07-10,3.19,3.19,3.04,3.07,
CSGP,2003-07-11,3.04,3.09,3.01,3.07,
CSGP,2003-07-14,3.03,3.1,3.03,3.1,
CSGP,2003-07-15,3.1,3.1,3.06,3.09,
CSGP,2003-07-16,3.11,3.11,2.99,3.03,
CSGP,2003-07-17,2.99,3.08,2.91,2.93,
CSGP,2003-07-18,2.93,3.0,2.93,2.98,
CSGP,2003-07-21,2.99,2.99,2.78,2.83,
CSGP,2003-07-22,2.84,2.89,2.8,2.89,
CSGP,2003-07-23,2.88,3.06,2.87,3.01,
CSGP,2003-07-24,3.06,3.06,3.01,3.01,
CSGP,2003-07-25,3.06,3.07,2.98,3.01,
CSGP,2003-07-28,2.98,3.12,2.98,3.12,
CSGP,2003-07-29,3.13,3.2,3.1,3.18,
CSGP,2003-07-30,3.11,3.16,2.91,2.94,
CSGP,2003-07-31,2.9,3.1,2.9,3.03,
CSGP,2003-08-01,3.02,3.06,2.89,2.96,
CSGP,2003-08-04,2.93,2.99,2.89,2.9,
CSGP,2003-08-05,2.9,2.9,2.83,2.84,
CSGP,2003-08-06,2.82,2.95,2.82,2.95,
CSGP,2003-08-07,2.9,3.01,2.9,3.0,
CSGP,2003-08-08,2.99,3.05,2.98,3.0,
CSGP,2003-08-11,3.02,3.05,2.99,3.03,
CSGP,2003-08-12,3.02,3.15,3.02,3.15,
CSGP,2003-08-13,3.14,3.14,3.06,3.1,
CSGP,2003-08-14,3.12,3.14,3.09,3.14,
CSGP,2003-08-15,3.13,3.15,3.09,3.09,
CSGP,2003-08-18,3.14,3.17,3.11,3.16,
CSGP,2003-08-19,3.18,3.18,3.09,3.1,
CSGP,2003-08-20,3.12,3.12,3.0,3.02,
CSGP,2003-08-21,3.03,3.04,2.99,3.0,
CSGP,2003-08-22,3.01,3.04,2.98,2.99,
CSGP,2003-08-25,2.97,3.0,2.97,2.99,
CSGP,2003-08-26,2.97,2.98,2.94,2.96,
CSGP,2003-08-27,2.95,2.99,2.95,2.98,
CSGP,2003-08-28,2.99,3.02,2.99,3.02,
CSGP,2003-08-29,3.01,3.01,2.98,2.98,
CSGP,2003-09-02,2.96,3.12,2.95,3.11,
CSGP,2003-09-03,3.12,3.15,3.06,3.11,
CSGP,2003-09-04,3.09,3.09,2.98,3.01,
CSGP,2003-09-05,3.01,3.04,2.96,2.96,
CSGP,2003-09-08,2.96,3.07,2.96,3.05,
CSGP,2003-09-09,3.02,3.05,2.96,2.97,
CSGP,2003-09-10,2.96,3.02,2.9,2.9,
CSGP,2003-09-11,2.9,2.93,2.9,2.92,
CSGP,2003-09-12,2.9,2.9,2.78,2.78,
CSGP,2003-09-15,2.79,2.85,2.79,2.85,
CSGP,2003-09-16,2.85,2.96,2.85,2.96,
CSGP,2003-09-17,2.95,2.95,2.81,2.89,
CSGP,2003-09-18,2.83,2.95,2.78,2.83,
CSGP,2003-09-19,2.86,2.97,2.81,2.93,
CSGP,2003-09-22,2.9,2.91,2.79,2.82,
CSGP,2003-09-23,2.81,2.82,2.77,2.82,
CSGP,2003-09-24,2.79,2.81,2.58,2.7,
CSGP,2003-09-25,2.7,2.86,2.63,2.63,
CSGP,2003-09-26,2.61,2.66,2.58,2.61,
CSGP,2003-09-29,2.59,2.69,2.57,2.65,
CSGP,2003-09-30,2.64,2.66,2.59,2.62,
CSGP,2003-10-01,2.61,2.73,2.6,2.72,
CSGP,2003-10-02,2.72,2.73,2.62,2.69,
CSGP,2003-10-03,2.7,2.79,2.7,2.75,
CSGP,2003-10-06,2.78,2.78,2.66,2.71,
CSGP,2003-10-07,2.7,2.77,2.67,2.77,
CSGP,2003-10-08,2.71,2.91,2.71,2.87,
CSGP,2003-10-09,2.87,2.92,2.79,2.8,
CSGP,2003-10-10,2.92,2.93,2.85,2.92,
CSGP,2003-10-13,2.94,3.03,2.91,2.99,
CSGP,2003-10-14,2.99,3.01,2.97,2.97,
CSGP,2003-10-15,2.98,3.08,2.93,3.04,
CSGP,2003-10-16,3.1,3.12,3.05,3.11,
CSGP,2003-10-17,3.11,3.2,3.08,3.17,
CSGP,2003-10-20,3.15,3.17,3.1,3.15,
CSGP,2003-10-21,3.16,3.16,3.1,3.13,
CSGP,2003-10-22,3.08,3.11,3.08,3.1,
CSGP,2003-10-23,3.1,3.15,3.07,3.12,
CSGP,2003-10-24,3.1,3.28,3.07,3.21,
CSGP,2003-10-27,3.29,3.35,3.24,3.3,
CSGP,2003-10-28,3.33,3.47,3.26,3.47,
CSGP,2003-10-29,3.54,3.97,3.53,3.89,
CSGP,2003-10-30,3.9,3.93,3.8,3.87,
CSGP,2003-10-31,3.79,3.89,3.68,3.76,
CSGP,2003-11-03,3.78,3.9,3.73,3.87,
CSGP,2003-11-04,3.88,3.97,3.85,3.85,
CSGP,2003-11-05,3.84,3.87,3.8,3.86,
CSGP,2003-11-06,3.8,4.08,3.8,4.03,
CSGP,2003-11-07,4.01,4.22,3.9,4.21,
CSGP,2003-11-10,4.21,4.21,4.11,4.15,
CSGP,2003-11-11,4.18,4.18,4.01,4.15,
CSGP,2003-11-12,4.11,4.16,4.09,4.16,
CSGP,2003-11-13,4.11,4.26,4.11,4.24,
CSGP,2003-11-14,4.22,4.28,4.21,4.28,
CSGP,2003-11-17,4.29,4.3,4.16,4.19,
CSGP,2003-11-18,4.18,4.3,4.15,4.16,
CSGP,2003-11-19,4.2,4.23,4.15,4.16,
CSGP,2003-11-20,4.14,4.21,4.14,4.17,
CSGP,2003-11-21,4.15,4.24,4.14,4.2,
CSGP,2003-11-24,4.25,4.25,4.1,4.2,
CSGP,2003-11-25,4.16,4.22,4.16,4.22,
CSGP,2003-11-26,4.22,4.24,4.2,4.22,
CSGP,2003-11-28,4.22,4.22,4.19,4.2,
CSGP,2003-12-01,4.17,4.22,4.16,4.21,
CSGP,2003-12-02,4.18,4.21,4.17,4.2,
CSGP,2003-12-03,4.22,4.24,4.11,4.11,
CSGP,2003-12-04,4.15,4.15,3.88,4.02,
CSGP,2003-12-05,3.96,4.05,3.87,4.0,
CSGP,2003-12-08,3.97,4.01,3.78,3.92,
CSGP,2003-12-09,3.91,3.95,3.9,3.91,
CSGP,2003-12-10,3.95,3.97,3.81,3.89,
CSGP,2003-12-11,3.88,3.97,3.87,3.9,
CSGP,2003-12-12,3.97,4.07,3.87,3.99,
CSGP,2003-12-15,4.09,4.09,3.9,3.9,
CSGP,2003-12-16,3.88,3.94,3.86,3.89,
CSGP,2003-12-17,3.9,3.94,3.85,3.87,
CSGP,2003-12-18,3.89,3.95,3.85,3.92,
CSGP,2003-12-19,3.91,3.92,3.83,3.86,
CSGP,2003-12-22,3.82,3.92,3.82,3.92,
CSGP,2003-12-23,3.92,4.05,3.86,4.01,
CSGP,2003-12-24,4.03,4.05,4.01,4.05,
CSGP,2003-12-26,4.05,4.05,4.01,4.03,
CSGP,2003-12-29,4.07,4.25,4.05,4.22,
CSGP,2003-12-30,4.22,4.26,4.18,4.2,
CSGP,2003-12-31,4.2,4.32,4.14,4.17,
CSGP,2004-01-02,4.12,4.25,4.12,4.22,
CSGP,2004-01-05,4.24,4.26,4.19,4.22,
CSGP,2004-01-06,4.27,4.27,4.16,4.18,
CSGP,2004-01-07,4.21,4.23,4.11,4.15,
CSGP,2004-01-08,4.18,4.2,4.15,4.19,
CSGP,2004-01-09,4.19,4.22,4.09,4.1,
CSGP,2004-01-12,4.11,4.16,4.09,4.14,
CSGP,2004-01-13,4.15,4.16,4.12,4.13,
CSGP,2004-01-14,4.15,4.17,4.11,4.13,
CSGP,2004-01-15,4.15,4.15,4.08,4.12,
CSGP,2004-01-16,4.1,4.18,4.07,4.12,
CSGP,2004-01-20,4.16,4.18,4.09,4.11,
CSGP,2004-01-21,4.13,4.13,4.08,4.1,
CSGP,2004-01-22,4.1,4.14,4.04,4.04,
CSGP,2004-01-23,4.14,4.17,4.01,4.1,
CSGP,2004-01-26,4.07,4.15,4.03,4.11,
CSGP,2004-01-27,4.08,4.18,4.08,4.14,
CSGP,2004-01-28,4.14,4.18,4.1,4.14,
CSGP,2004-01-29,4.13,4.16,4.1,4.15,
CSGP,2004-01-30,4.16,4.16,4.11,4.13,
CSGP,2004-02-02,4.11,4.23,4.1,4.15,
CSGP,2004-02-03,4.2,4.2,3.91,4.0,
CSGP,2004-02-04,3.99,3.99,3.79,3.79,
CSGP,2004-02-05,3.8,3.87,3.66,3.78,
CSGP,2004-02-06,3.8,4.0,3.76,3.98,
CSGP,2004-02-09,3.99,3.99,3.88,3.88,
CSGP,2004-02-10,3.88,4.04,3.85,4.04,
CSGP,2004-02-11,3.93,4.16,3.92,4.12,
CSGP,2004-02-12,4.09,4.13,4.0,4.01,
CSGP,2004-02-13,4.01,4.07,3.87,3.87,
CSGP,2004-02-17,4.04,4.18,3.94,4.12,
CSGP,2004-02-18,4.08,4.12,3.96,3.96,
CSGP,2004-02-19,4.0,4.16,3.9,3.98,
CSGP,2004-02-20,3.95,3.96,3.84,3.85,
CSGP,2004-02-23,3.83,3.93,3.8,3.82,
CSGP,2004-02-24,3.8,3.96,3.7,3.8,
CSGP,2004-02-25,3.74,3.86,3.65,3.84,
CSGP,2004-02-26,3.89,3.99,3.86,3.9,
CSGP,2004-02-27,3.89,3.92,3.88,3.9,
CSGP,2004-03-01,3.93,3.93,3.86,3.9,
CSGP,2004-03-02,3.87,3.93,3.84,3.86,
CSGP,2004-03-03,3.87,3.89,3.75,3.87,
CSGP,2004-03-04,3.88,3.9,3.75,3.85,
CSGP,2004-03-05,3.75,3.9,3.75,3.81,
CSGP,2004-03-08,3.75,3.94,3.74,3.81,
CSGP,2004-03-09,3.81,3.82,3.72,3.73,
CSGP,2004-03-10,3.85,3.85,3.67,3.7,
CSGP,2004-03-11,3.66,3.99,3.66,3.97,
CSGP,2004-03-12,3.99,4.03,3.87,3.95,
CSGP,2004-03-15,3.97,3.97,3.86,3.9,
CSGP,2004-03-16,3.86,3.91,3.65,3.67,
CSGP,2004-03-17,3.67,3.8,3.67,3.74,
CSGP,2004-03-18,3.74,3.85,3.72,3.82,
CSGP,2004-03-19,3.91,3.91,3.65,3.66,
CSGP,2004-03-22,3.79,3.79,3.59,3.63,
CSGP,2004-03-23,3.59,3.64,3.56,3.58,
CSGP,2004-03-24,3.58,3.7,3.54,3.68,
CSGP,2004-03-25,3.69,3.69,3.56,3.61,
CSGP,2004-03-26,3.65,3.65,3.57,3.6,
CSGP,2004-03-29,3.56,3.7,3.56,3.69,
CSGP,2004-03-30,3.67,3.72,3.64,3.72,
CSGP,2004-03-31,3.72,3.78,3.64,3.69,
CSGP,2004-04-01,3.73,3.83,3.72,3.77,
CSGP,2004-04-02,3.82,3.91,3.81,3.9,
CSGP,2004-04-05,3.86,3.92,3.84,3.9,
CSGP,2004-04-06,3.88,3.95,3.84,3.89,
CSGP,2004-04-07,3.89,3.92,3.81,3.92,
CSGP,2004-04-08,3.93,3.98,3.86,3.88,
CSGP,2004-04-12,3.98,3.99,3.9,3.93,
CSGP,2004-04-13,3.83,4.0,3.77,3.83,
CSGP,2004-04-14,3.76,3.93,3.76,3.88,
CSGP,2004-04-15,3.92,3.92,3.82,3.92,
CSGP,2004-04-16,3.9,3.97,3.87,3.9,
CSGP,2004-04-19,3.84,3.9,3.84,3.86,
CSGP,2004-04-20,3.9,3.91,3.83,3.87,
CSGP,2004-04-21,3.86,3.86,3.77,3.83,
CSGP,2004-04-22,3.84,3.9,3.8,3.9,
CSGP,2004-04-23,3.9,3.96,3.87,3.96,
CSGP,2004-04-26,3.9,3.98,3.88,3.94,
CSGP,2004-04-27,3.9,3.94,3.85,3.92,
CSGP,2004-04-28,3.9,3.95,3.89,3.89,
CSGP,2004-04-29,3.91,3.96,3.89,3.92,
CSGP,2004-04-30,3.9,3.95,3.86,3.94,
CSGP,2004-05-03,3.88,3.96,3.75,3.84,
CSGP,2004-05-04,3.8,3.96,3.8,3.93,
CSGP,2004-05-05,3.9,3.97,3.88,3.95,
CSGP,2004-05-06,3.89,3.96,3.88,3.9,
CSGP,2004-05-07,3.89,3.91,3.72,3.75,
CSGP,2004-05-10,3.74,3.85,3.69,3.71,
CSGP,2004-05-11,3.72,3.84,3.72,3.81,
CSGP,2004-05-12,3.84,3.85,3.65,3.83,
CSGP,2004-05-13,3.83,3.87,3.7,3.82,
CSGP,2004-05-14,3.8,3.87,3.76,3.79,
CSGP,2004-05-17,3.82,3.84,3.69,3.73,
CSGP,2004-05-18,3.72,3.81,3.72,3.79,
CSGP,2004-05-19,3.84,3.91,3.79,3.9,
CSGP,2004-05-20,3.9,3.95,3.9,3.94,
CSGP,2004-05-21,3.93,4.07,3.92,4.03,
CSGP,2004-05-24,4.03,4.13,4.03,4.13,
CSGP,2004-05-25,4.12,4.28,4.11,4.18,
CSGP,2004-05-26,4.22,4.23,4.12,4.19,
CSGP,2004-05-27,4.18,4.22,4.17,4.18,
CSGP,2004-05-28,4.16,4.18,4.11,4.14,
CSGP,2004-06-01,4.13,4.22,4.12,4.22,
CSGP,2004-06-02,4.2,4.22,4.11,4.2,
CSGP,2004-06-03,4.18,4.18,4.05,4.05,
CSGP,2004-06-04,4.09,4.2,4.02,4.13,
CSGP,2004-06-07,4.15,4.22,4.1,4.15,
CSGP,2004-06-08,4.14,4.22,4.14,4.22,
CSGP,2004-06-09,4.18,4.22,4.11,4.11,
CSGP,2004-06-10,4.2,4.2,4.06,4.09,
CSGP,2004-06-14,4.16,4.18,4.03,4.07,
CSGP,2004-06-15,4.1,4.18,4.1,4.13,
CSGP,2004-06-16,4.11,4.18,4.1,4.14,
CSGP,2004-06-17,4.15,4.15,4.04,4.04,
CSGP,2004-06-18,4.05,4.2,3.98,4.1,
CSGP,2004-06-21,4.1,4.19,4.06,4.12,
CSGP,2004-06-22,4.15,4.38,4.08,4.31,
CSGP,2004-06-23,4.43,4.64,4.4,4.45,
CSGP,2004-06-24,4.49,4.52,4.4,4.51,
CSGP,2004-06-25,4.52,4.54,4.42,4.54,
CSGP,2004-06-28,4.55,4.58,4.5,4.54,
CSGP,2004-06-29,4.43,4.62,4.43,4.62,
CSGP,2004-06-30,4.62,4.64,4.58,4.59,
CSGP,2004-07-01,4.6,4.64,4.45,4.55,
CSGP,2004-07-02,4.52,4.63,4.38,4.59,
CSGP,2004-07-06,4.51,4.55,4.4,4.47,
CSGP,2004-07-07,4.57,4.57,4.43,4.47,
CSGP,2004-07-08,4.43,4.48,4.28,4.32,
CSGP,2004-07-09,4.36,4.48,4.28,4.39,
CSGP,2004-07-12,4.35,4.37,4.24,4.3,
CSGP,2004-07-13,4.36,4.36,4.25,4.29,
CSGP,2004-07-14,4.24,4.29,4.19,4.22,
CSGP,2004-07-15,4.21,4.27,4.15,4.17,
CSGP,2004-07-16,4.15,4.19,3.97,3.97,
CSGP,2004-07-19,4.0,4.02,3.91,3.92,
CSGP,2004-07-20,3.9,4.32,3.9,4.08,
CSGP,2004-07-21,4.16,4.38,4.15,4.28,
CSGP,2004-07-22,4.15,4.41,4.15,4.38,
CSGP,2004-07-23,4.35,4.42,4.28,4.32,
CSGP,2004-07-26,4.38,4.38,4.29,4.32,
CSGP,2004-07-27,4.4,4.4,4.32,4.4,
CSGP,2004-07-28,4.37,4.4,4.21,4.32,
CSGP,2004-07-29,4.38,4.38,4.28,4.29,
CSGP,2004-07-30,4.28,4.31,4.24,4.24,
CSGP,2004-08-02,4.2,4.25,4.07,4.22,
CSGP,2004-08-03,4.15,4.25,4.12,4.14,
CSGP,2004-08-04,4.1,4.17,4.06,4.09,
CSGP,2004-08-05,4.06,4.09,3.98,4.0,
CSGP,2004-08-06,3.95,3.99,3.8,3.81,
CSGP,2004-08-09,3.81,3.91,3.8,3.85,
CSGP,2004-08-10,3.88,4.03,3.88,4.02,
CSGP,2004-08-11,3.9,4.14,3.9,4.11,
CSGP,2004-08-12,4.1,4.12,4.0,4.03,
CSGP,2004-08-13,4.02,4.1,3.96,4.0,
CSGP,2004-08-16,3.99,4.11,3.98,4.05,
CSGP,2004-08-17,4.05,4.13,4.02,4.11,
CSGP,2004-08-18,4.06,4.32,4.06,4.3,
CSGP,2004-08-19,4.22,4.32,4.22,4.24,
CSGP,2004-08-20,4.29,4.37,4.19,4.26,
CSGP,2004-08-23,4.3,4.38,4.24,4.31,
CSGP,2004-08-24,4.39,4.39,4.24,4.32,
CSGP,2004-08-25,4.24,4.3,4.19,4.28,
CSGP,2004-08-26,4.25,4.26,4.18,4.22,
CSGP,2004-08-27,4.18,4.28,4.18,4.22,"How low can KKD go? Plus, a look at the new Watch List SAN DIEGO (CBS.MW) -- No matter how hard you try to get something right on the first go-round you can improve on it. Such is the case with the Watch List, which is all of a day old. I notice, for example, that start dates for the initial mention for quite a few companies make it look as though I just started mentioning them when, in reality, some like AaiPharma, Krispy Kreme, AutoZone and ITT Educational go way back to earlier free columns on MarketWatch or paid columns at my former employer. I'll start including that, along with a brief synopsis on many if not all of the companies on the list, so you know why they're there. Also, thanks to a reader's request, we're working on making the Watch List more printer friendly."
CSGP,2004-08-30,4.2,4.23,4.18,4.19,
CSGP,2004-08-31,4.21,4.24,4.1,4.23,
CSGP,2004-09-01,4.25,4.33,4.1,4.32,
CSGP,2004-09-02,4.3,4.46,4.3,4.39,
CSGP,2004-09-03,4.43,4.46,4.35,4.35,
CSGP,2004-09-07,4.44,4.44,4.3,4.41,
CSGP,2004-09-08,4.33,4.6,4.33,4.47,
CSGP,2004-09-09,4.5,4.56,4.4,4.49,
CSGP,2004-09-10,4.42,4.59,4.42,4.58,
CSGP,2004-09-13,4.59,4.6,4.51,4.55,
CSGP,2004-09-14,4.5,4.63,4.47,4.61,
CSGP,2004-09-15,4.58,4.75,4.56,4.68,
CSGP,2004-09-16,4.68,4.72,4.58,4.69,
CSGP,2004-09-17,4.69,4.84,4.6,4.75,
CSGP,2004-09-20,4.72,4.76,4.69,4.74,
CSGP,2004-09-21,4.7,4.81,4.6,4.75,
CSGP,2004-09-22,4.69,4.73,4.67,4.71,
CSGP,2004-09-23,4.66,4.76,4.66,4.7,
CSGP,2004-09-24,4.68,4.72,4.66,4.68,
CSGP,2004-09-27,4.64,4.7,4.58,4.6,
CSGP,2004-09-28,4.6,4.74,4.58,4.7,
CSGP,2004-09-29,4.7,4.77,4.69,4.76,
CSGP,2004-09-30,4.7,4.94,4.68,4.92,
CSGP,2004-10-01,4.84,4.9,4.81,4.83,
CSGP,2004-10-04,4.91,4.91,4.76,4.81,
CSGP,2004-10-05,4.82,4.89,4.75,4.78,
CSGP,2004-10-06,4.78,4.89,4.78,4.88,
CSGP,2004-10-07,4.89,4.89,4.77,4.77,
CSGP,2004-10-08,4.8,4.8,4.69,4.69,
CSGP,2004-10-11,4.69,4.74,4.67,4.68,
CSGP,2004-10-12,4.68,4.69,4.62,4.63,
CSGP,2004-10-13,4.71,4.71,4.52,4.53,
CSGP,2004-10-14,4.56,4.63,4.53,4.58,
CSGP,2004-10-15,4.59,4.61,4.54,4.55,
CSGP,2004-10-18,4.55,4.65,4.51,4.64,
CSGP,2004-10-19,4.65,4.71,4.64,4.67,
CSGP,2004-10-20,4.64,4.64,4.05,4.16,"Honeywell, UTX, Citigroup Advance Auto Parts forecast third-quarter earnings of 68 cents a share and fourth-quarter earnings of 42 cents to 46 cents a share."
CSGP,2004-10-21,4.16,4.48,4.07,4.4,"From bad to worse at Pixelworks SAN DIEGO (CBS.MW) -- Quick hit: Who was to know, when I wrote about Pixelworks on Oct. 11, that it would implode so quickly? I guess I should have because I wrote the story about how its stock had actually zoomed on news that third-quarter earnings would be between 9 percent and 13 percent lower than expected."
CSGP,2004-10-22,4.4,4.4,4.32,4.36,
CSGP,2004-10-25,4.28,4.28,4.06,4.1,
CSGP,2004-10-26,4.15,4.19,4.06,4.07,
CSGP,2004-10-27,4.18,4.18,4.05,4.11,
CSGP,2004-10-28,4.03,4.09,3.95,3.98,
CSGP,2004-10-29,4.01,4.12,3.88,4.04,
CSGP,2004-11-01,4.04,4.07,3.91,3.96,
CSGP,2004-11-02,4.04,4.05,3.99,4.0,
CSGP,2004-11-03,4.07,4.13,4.0,4.09,
CSGP,2004-11-04,4.0,4.12,4.0,4.1,
CSGP,2004-11-05,4.11,4.16,4.07,4.16,
CSGP,2004-11-08,4.16,4.16,4.07,4.08,
CSGP,2004-11-09,4.06,4.16,4.04,4.16,
CSGP,2004-11-10,4.09,4.24,4.09,4.23,
CSGP,2004-11-11,4.24,4.24,4.17,4.23,
CSGP,2004-11-12,4.19,4.32,4.19,4.31,
CSGP,2004-11-15,4.34,4.39,4.24,4.27,
CSGP,2004-11-16,4.26,4.41,4.2,4.33,
CSGP,2004-11-17,4.38,4.4,4.23,4.26,
CSGP,2004-11-18,4.26,4.26,4.17,4.2,
CSGP,2004-11-19,4.16,4.24,4.16,4.23,
CSGP,2004-11-22,4.2,4.27,4.19,4.26,
CSGP,2004-11-23,4.2,4.33,4.2,4.33,
CSGP,2004-11-24,4.3,4.43,4.3,4.42,
CSGP,2004-11-26,4.43,4.43,4.35,4.38,
CSGP,2004-11-29,4.47,4.49,4.36,4.47,
CSGP,2004-11-30,4.44,4.47,4.36,4.38,
CSGP,2004-12-01,4.47,4.57,4.4,4.52,
CSGP,2004-12-02,4.47,4.55,4.45,4.54,
CSGP,2004-12-03,4.49,4.56,4.4,4.43,
CSGP,2004-12-06,4.4,4.46,4.38,4.41,
CSGP,2004-12-07,4.38,4.4,4.24,4.24,
CSGP,2004-12-08,4.3,4.3,4.24,4.3,
CSGP,2004-12-09,4.29,4.3,4.12,4.25,
CSGP,2004-12-10,4.3,4.3,4.14,4.25,
CSGP,2004-12-13,4.28,4.28,4.21,4.24,
CSGP,2004-12-14,4.26,4.3,4.23,4.29,
CSGP,2004-12-15,4.3,4.3,4.24,4.28,
CSGP,2004-12-16,4.24,4.3,4.22,4.23,
CSGP,2004-12-17,4.27,4.27,4.2,4.22,
CSGP,2004-12-20,4.18,4.3,4.13,4.14,
CSGP,2004-12-21,4.15,4.32,4.14,4.27,
CSGP,2004-12-22,4.3,4.32,4.21,4.22,
CSGP,2004-12-23,4.2,4.27,4.2,4.26,
CSGP,2004-12-27,4.28,4.31,4.16,4.18,
CSGP,2004-12-28,4.15,4.47,4.15,4.46,
CSGP,2004-12-29,4.38,4.47,4.38,4.46,
CSGP,2004-12-30,4.44,4.64,4.43,4.61,
CSGP,2004-12-31,4.57,4.64,4.55,4.62,
CSGP,2005-01-03,4.6,4.67,4.55,4.62,
CSGP,2005-01-04,4.59,4.67,4.44,4.45,
CSGP,2005-01-05,4.53,4.58,4.4,4.41,
CSGP,2005-01-06,4.44,4.5,4.4,4.4,
CSGP,2005-01-07,4.39,4.47,4.23,4.23,
CSGP,2005-01-10,4.31,4.41,4.24,4.39,
CSGP,2005-01-11,4.35,4.4,4.34,4.35,
CSGP,2005-01-12,4.34,4.39,4.27,4.35,
CSGP,2005-01-13,4.32,4.39,4.31,4.32,
CSGP,2005-01-14,4.29,4.37,4.29,4.36,
CSGP,2005-01-18,4.33,4.4,4.33,4.37,
CSGP,2005-01-19,4.38,4.39,4.36,4.36,
CSGP,2005-01-20,4.36,4.4,4.35,4.37,
CSGP,2005-01-21,4.4,4.41,4.3,4.39,
CSGP,2005-01-24,4.36,4.4,4.33,4.37,
CSGP,2005-01-25,4.4,4.42,4.3,4.32,
CSGP,2005-01-26,4.39,4.39,4.3,4.37,
CSGP,2005-01-27,4.38,4.38,4.29,4.3,
CSGP,2005-01-28,4.29,4.34,4.27,4.3,
CSGP,2005-01-31,4.3,4.42,4.25,4.3,
CSGP,2005-02-01,4.24,4.3,4.19,4.24,
CSGP,2005-02-02,4.29,4.29,4.15,4.17,
CSGP,2005-02-03,4.2,4.2,4.08,4.12,
CSGP,2005-02-04,4.12,4.16,4.1,4.12,
CSGP,2005-02-07,4.16,4.35,4.11,4.32,
CSGP,2005-02-08,4.29,4.36,4.29,4.32,
CSGP,2005-02-09,4.28,4.33,4.23,4.24,
CSGP,2005-02-10,4.32,4.32,4.16,4.2,
CSGP,2005-02-11,4.16,4.28,4.11,4.24,
CSGP,2005-02-14,4.24,4.24,4.18,4.2,
CSGP,2005-02-15,4.15,4.21,4.15,4.16,
CSGP,2005-02-16,4.16,4.18,4.04,4.05,
CSGP,2005-02-17,3.9,4.07,3.58,3.96,
CSGP,2005-02-18,3.85,3.85,3.61,3.82,
CSGP,2005-02-22,3.81,3.9,3.81,3.88,
CSGP,2005-02-23,3.91,3.95,3.86,3.9,
CSGP,2005-02-24,3.89,3.91,3.71,3.8,
CSGP,2005-02-25,3.735,3.826,3.735,3.75,
CSGP,2005-02-28,3.78,3.78,3.656,3.683,
CSGP,2005-03-01,3.702,3.742,3.683,3.699,
CSGP,2005-03-02,3.74,3.778,3.691,3.712,
CSGP,2005-03-03,3.768,3.796,3.689,3.772,
CSGP,2005-03-04,3.809,3.922,3.809,3.915,
CSGP,2005-03-07,3.934,3.959,3.751,3.763,
CSGP,2005-03-08,3.763,3.765,3.679,3.735,
CSGP,2005-03-09,3.707,3.786,3.66,3.72,
CSGP,2005-03-10,3.708,3.792,3.66,3.711,
CSGP,2005-03-11,3.71,3.753,3.677,3.71,
CSGP,2005-03-14,3.663,3.849,3.663,3.77,
CSGP,2005-03-15,3.691,3.851,3.691,3.828,
CSGP,2005-03-16,3.786,3.837,3.746,3.792,
CSGP,2005-03-17,3.8,3.851,3.77,3.803,
CSGP,2005-03-18,3.791,3.853,3.726,3.8,
CSGP,2005-03-21,3.853,3.853,3.73,3.798,
CSGP,2005-03-22,3.75,3.804,3.75,3.795,
CSGP,2005-03-23,3.757,3.798,3.724,3.771,
CSGP,2005-03-24,3.814,3.814,3.68,3.738,
CSGP,2005-03-28,3.703,3.771,3.682,3.764,
CSGP,2005-03-29,3.764,3.769,3.724,3.75,
CSGP,2005-03-30,3.78,3.788,3.608,3.72,
CSGP,2005-03-31,3.742,3.742,3.661,3.685,
CSGP,2005-04-01,3.709,3.711,3.601,3.624,
CSGP,2005-04-04,3.597,3.625,3.57,3.574,
CSGP,2005-04-05,3.61,3.611,3.568,3.573,
CSGP,2005-04-06,3.573,3.745,3.573,3.7,
CSGP,2005-04-07,3.663,3.712,3.56,3.68,
CSGP,2005-04-08,3.643,3.651,3.582,3.634,
CSGP,2005-04-11,3.658,3.669,3.574,3.591,
CSGP,2005-04-12,3.566,3.646,3.506,3.618,
CSGP,2005-04-13,3.582,3.646,3.549,3.584,
CSGP,2005-04-14,3.566,3.591,3.484,3.486,
CSGP,2005-04-15,3.483,3.51,3.36,3.39,
CSGP,2005-04-18,3.356,3.428,3.356,3.38,
CSGP,2005-04-19,3.39,3.45,3.338,3.45,
CSGP,2005-04-20,3.35,3.444,3.293,3.372,
CSGP,2005-04-21,3.509,3.91,3.45,3.724,
CSGP,2005-04-22,3.688,3.804,3.688,3.785,
CSGP,2005-04-25,3.8,3.869,3.779,3.794,
CSGP,2005-04-26,3.76,3.809,3.673,3.693,
CSGP,2005-04-27,3.709,3.804,3.625,3.738,
CSGP,2005-04-28,3.699,3.859,3.69,3.816,
CSGP,2005-04-29,3.806,3.994,3.806,3.955,
CSGP,2005-05-02,3.995,3.995,3.856,3.924,
CSGP,2005-05-03,3.871,3.925,3.731,3.812,
CSGP,2005-05-04,3.795,3.861,3.778,3.822,
CSGP,2005-05-05,3.813,3.82,3.775,3.811,
CSGP,2005-05-06,3.823,3.824,3.752,3.806,
CSGP,2005-05-09,3.801,3.85,3.799,3.85,
CSGP,2005-05-10,3.786,3.868,3.786,3.853,
CSGP,2005-05-11,3.883,3.883,3.78,3.861,
CSGP,2005-05-12,3.862,3.887,3.828,3.849,
CSGP,2005-05-13,3.828,3.891,3.813,3.865,
CSGP,2005-05-16,3.832,3.865,3.811,3.865,
CSGP,2005-05-17,3.827,3.896,3.803,3.882,
CSGP,2005-05-18,3.905,4.035,3.827,3.922,
CSGP,2005-05-19,3.921,4.044,3.921,3.997,
CSGP,2005-05-20,3.998,4.014,3.9,4.009,
CSGP,2005-05-23,4.008,4.018,3.932,3.978,
CSGP,2005-05-24,3.958,4.033,3.958,4.024,
CSGP,2005-05-25,4.014,4.024,3.926,3.97,
CSGP,2005-05-26,3.953,4.042,3.939,4.042,
CSGP,2005-05-27,4.054,4.058,4.0,4.028,
CSGP,2005-05-31,3.992,4.05,3.98,4.018,
CSGP,2005-06-01,4.002,4.168,4.002,4.137,
CSGP,2005-06-02,4.131,4.181,4.082,4.173,
CSGP,2005-06-03,4.167,4.167,4.125,4.158,
CSGP,2005-06-06,4.177,4.177,4.109,4.145,
CSGP,2005-06-07,4.145,4.187,4.128,4.174,
CSGP,2005-06-08,4.18,4.192,4.168,4.181,
CSGP,2005-06-09,4.175,4.214,4.175,4.214,
CSGP,2005-06-10,4.177,4.199,4.15,4.195,
CSGP,2005-06-13,4.178,4.229,4.168,4.224,
CSGP,2005-06-14,4.23,4.354,4.197,4.341,
CSGP,2005-06-15,4.316,4.353,4.248,4.325,
CSGP,2005-06-16,4.293,4.451,4.293,4.451,
CSGP,2005-06-17,4.468,4.507,4.429,4.486,
CSGP,2005-06-20,4.496,4.496,4.434,4.435,
CSGP,2005-06-21,4.46,4.512,4.361,4.486,
CSGP,2005-06-22,4.494,4.577,4.485,4.531,
CSGP,2005-06-23,4.5,4.522,4.352,4.37,
CSGP,2005-06-24,4.363,4.384,4.2,4.271,
CSGP,2005-06-27,4.24,4.31,4.22,4.273,
CSGP,2005-06-28,4.322,4.5,4.292,4.46,
CSGP,2005-06-29,4.463,4.493,4.375,4.414,
CSGP,2005-06-30,4.426,4.486,4.334,4.36,
CSGP,2005-07-01,4.37,4.493,4.36,4.487,
CSGP,2005-07-05,4.475,4.605,4.469,4.604,
CSGP,2005-07-06,4.614,4.645,4.476,4.481,
CSGP,2005-07-07,4.455,4.537,4.455,4.508,
CSGP,2005-07-08,4.517,4.623,4.454,4.597,
CSGP,2005-07-11,4.576,4.679,4.576,4.678,
CSGP,2005-07-12,4.673,4.686,4.63,4.652,
CSGP,2005-07-13,4.654,4.654,4.609,4.629,
CSGP,2005-07-14,4.652,4.664,4.615,4.615,
CSGP,2005-07-15,4.57,4.683,4.57,4.629,
CSGP,2005-07-18,4.611,4.611,4.545,4.55,
CSGP,2005-07-19,4.566,4.71,4.544,4.668,
CSGP,2005-07-20,4.642,4.715,4.609,4.701,
CSGP,2005-07-21,4.67,4.815,4.638,4.765,
CSGP,2005-07-22,4.73,4.79,4.503,4.758,
CSGP,2005-07-25,4.745,4.745,4.578,4.62,
CSGP,2005-07-26,4.497,4.615,4.493,4.55,
CSGP,2005-07-27,4.587,4.668,4.556,4.656,
CSGP,2005-07-28,4.638,4.747,4.598,4.716,
CSGP,2005-07-29,4.715,4.782,4.643,4.75,
CSGP,2005-08-01,4.758,4.923,4.728,4.838,
CSGP,2005-08-02,4.819,5.073,4.819,4.981,
CSGP,2005-08-03,4.971,4.98,4.912,4.958,
CSGP,2005-08-04,4.946,5.006,4.904,4.912,
CSGP,2005-08-05,4.901,4.904,4.776,4.824,
CSGP,2005-08-08,4.869,4.869,4.705,4.746,
CSGP,2005-08-09,4.762,4.812,4.693,4.746,
CSGP,2005-08-10,4.767,4.787,4.633,4.681,
CSGP,2005-08-11,4.673,4.812,4.655,4.799,
CSGP,2005-08-12,4.776,4.777,4.632,4.706,
CSGP,2005-08-15,4.7,4.836,4.624,4.816,
CSGP,2005-08-16,4.8,4.803,4.632,4.656,
CSGP,2005-08-17,4.675,4.719,4.619,4.683,
CSGP,2005-08-18,4.654,4.679,4.575,4.602,
CSGP,2005-08-19,4.588,4.615,4.554,4.593,
CSGP,2005-08-22,4.639,4.639,4.565,4.582,
CSGP,2005-08-23,4.582,4.64,4.527,4.612,
CSGP,2005-08-24,4.598,4.779,4.573,4.632,
CSGP,2005-08-25,4.637,4.699,4.557,4.605,
CSGP,2005-08-26,4.604,4.604,4.5,4.545,
CSGP,2005-08-29,4.544,4.62,4.505,4.618,
CSGP,2005-08-30,4.549,4.637,4.549,4.622,
CSGP,2005-08-31,4.605,4.684,4.55,4.676,
CSGP,2005-09-01,4.707,4.708,4.631,4.664,
CSGP,2005-09-02,4.652,4.655,4.563,4.568,
CSGP,2005-09-06,4.591,4.789,4.539,4.758,
CSGP,2005-09-07,4.751,4.776,4.657,4.693,
CSGP,2005-09-08,4.673,4.673,4.511,4.583,
CSGP,2005-09-09,4.584,4.615,4.531,4.552,
CSGP,2005-09-12,4.536,4.59,4.484,4.551,
CSGP,2005-09-13,4.567,4.596,4.505,4.554,
CSGP,2005-09-14,4.555,4.816,4.512,4.788,
CSGP,2005-09-15,4.8,4.815,4.694,4.74,
CSGP,2005-09-16,4.764,4.835,4.722,4.827,
CSGP,2005-09-19,4.835,4.835,4.72,4.786,
CSGP,2005-09-20,4.798,4.821,4.649,4.67,
CSGP,2005-09-21,4.639,4.666,4.553,4.581,
CSGP,2005-09-22,4.599,4.694,4.53,4.66,
CSGP,2005-09-23,4.648,4.653,4.599,4.612,
CSGP,2005-09-26,4.655,4.657,4.528,4.595,
CSGP,2005-09-27,4.584,4.681,4.554,4.619,
CSGP,2005-09-28,4.619,4.646,4.477,4.582,
CSGP,2005-09-29,4.527,4.659,4.525,4.625,
CSGP,2005-09-30,4.601,4.68,4.556,4.672,
CSGP,2005-10-03,4.638,4.725,4.635,4.663,
CSGP,2005-10-04,4.667,4.692,4.565,4.579,
CSGP,2005-10-05,4.56,4.618,4.508,4.579,
CSGP,2005-10-06,4.624,4.716,4.542,4.608,
CSGP,2005-10-07,4.624,4.659,4.604,4.617,
CSGP,2005-10-10,4.629,4.629,4.578,4.602,
CSGP,2005-10-11,4.643,4.643,4.488,4.587,
CSGP,2005-10-12,4.565,4.623,4.476,4.586,
CSGP,2005-10-13,4.567,4.61,4.391,4.597,
CSGP,2005-10-14,4.62,4.62,4.524,4.56,
CSGP,2005-10-17,4.602,4.602,4.467,4.54,
CSGP,2005-10-18,4.536,4.56,4.427,4.471,
CSGP,2005-10-19,4.446,4.5,4.373,4.498,
CSGP,2005-10-20,4.45,4.472,4.336,4.42,
CSGP,2005-10-21,4.42,4.5,4.395,4.491,
CSGP,2005-10-24,4.502,4.6,4.5,4.595,
CSGP,2005-10-25,4.579,4.899,4.579,4.867,
CSGP,2005-10-26,4.86,4.86,4.59,4.718,
CSGP,2005-10-27,4.7,4.75,4.541,4.565,
CSGP,2005-10-28,4.591,4.697,4.576,4.691,
CSGP,2005-10-31,4.701,4.8,4.614,4.795,
CSGP,2005-11-01,4.795,4.795,4.678,4.695,
CSGP,2005-11-02,4.69,4.817,4.671,4.817,
CSGP,2005-11-03,4.82,4.925,4.785,4.837,
CSGP,2005-11-04,4.831,4.899,4.827,4.875,
CSGP,2005-11-07,4.894,4.9,4.804,4.856,
CSGP,2005-11-08,4.829,4.863,4.787,4.829,
CSGP,2005-11-09,4.84,4.883,4.727,4.789,
CSGP,2005-11-10,4.8,4.864,4.688,4.833,
CSGP,2005-11-11,4.827,4.93,4.814,4.919,
CSGP,2005-11-14,4.93,4.945,4.868,4.889,
CSGP,2005-11-15,4.91,4.91,4.788,4.85,
CSGP,2005-11-16,4.848,4.865,4.703,4.795,
CSGP,2005-11-17,4.805,4.851,4.765,4.84,
CSGP,2005-11-18,4.896,4.93,4.811,4.89,
CSGP,2005-11-21,4.867,4.87,4.728,4.777,
CSGP,2005-11-22,4.792,4.87,4.708,4.785,
CSGP,2005-11-23,4.8,4.816,4.771,4.793,
CSGP,2005-11-25,4.824,4.824,4.713,4.764,
CSGP,2005-11-28,4.746,4.758,4.632,4.678,
CSGP,2005-11-29,4.722,4.742,4.69,4.738,
CSGP,2005-11-30,4.765,4.781,4.672,4.694,
CSGP,2005-12-01,4.699,4.81,4.693,4.77,
CSGP,2005-12-02,4.743,4.798,4.677,4.695,
CSGP,2005-12-05,4.62,4.688,4.606,4.623,
CSGP,2005-12-06,4.666,4.666,4.48,4.484,
CSGP,2005-12-07,4.5,4.627,4.491,4.56,
CSGP,2005-12-08,4.54,4.576,4.442,4.527,
CSGP,2005-12-09,4.527,4.602,4.527,4.546,
CSGP,2005-12-12,4.559,4.581,4.495,4.516,
CSGP,2005-12-13,4.529,4.55,4.486,4.499,
CSGP,2005-12-14,4.48,4.52,4.43,4.448,
CSGP,2005-12-15,4.449,4.492,4.409,4.479,
CSGP,2005-12-16,4.5,4.547,4.445,4.485,
CSGP,2005-12-19,4.473,4.473,4.396,4.41,
CSGP,2005-12-20,4.41,4.579,4.41,4.53,
CSGP,2005-12-21,4.518,4.58,4.5,4.519,
CSGP,2005-12-22,4.503,4.581,4.5,4.522,
CSGP,2005-12-23,4.501,4.567,4.5,4.546,
CSGP,2005-12-27,4.52,4.574,4.465,4.488,
CSGP,2005-12-28,4.5,4.502,4.46,4.494,
CSGP,2005-12-29,4.47,4.5,4.459,4.461,
CSGP,2005-12-30,4.441,4.441,4.316,4.317,
CSGP,2006-01-03,4.339,4.406,4.21,4.406,
CSGP,2006-01-04,4.374,4.437,4.301,4.328,
CSGP,2006-01-05,4.303,4.391,4.225,4.38,
CSGP,2006-01-06,4.397,4.519,4.384,4.491,
CSGP,2006-01-09,4.522,4.545,4.477,4.496,
CSGP,2006-01-10,4.476,4.585,4.451,4.576,
CSGP,2006-01-11,4.542,4.637,4.501,4.618,
CSGP,2006-01-12,4.587,4.715,4.587,4.674,
CSGP,2006-01-13,4.66,4.708,4.66,4.693,
CSGP,2006-01-17,4.688,4.688,4.634,4.66,
CSGP,2006-01-18,4.62,4.718,4.62,4.702,
CSGP,2006-01-19,4.722,4.806,4.68,4.802,
CSGP,2006-01-20,4.819,4.819,4.68,4.735,
CSGP,2006-01-23,4.748,4.928,4.7,4.886,
CSGP,2006-01-24,4.872,4.972,4.84,4.959,
CSGP,2006-01-25,4.918,4.96,4.882,4.953,
CSGP,2006-01-26,4.967,5.115,4.929,5.076,
CSGP,2006-01-27,5.062,5.144,5.035,5.092,
CSGP,2006-01-30,5.075,5.145,5.051,5.11,
CSGP,2006-01-31,5.075,5.103,4.91,5.0,
CSGP,2006-02-01,4.96,5.071,4.875,5.054,
CSGP,2006-02-02,5.01,5.065,4.9,4.93,
CSGP,2006-02-03,4.924,5.066,4.902,5.016,
CSGP,2006-02-06,5.046,5.101,4.995,5.101,
CSGP,2006-02-07,5.045,5.101,4.947,4.977,
CSGP,2006-02-08,5.002,5.032,4.949,4.99,
CSGP,2006-02-09,5.015,5.021,4.959,4.963,
CSGP,2006-02-10,4.98,4.999,4.87,4.949,
CSGP,2006-02-13,4.919,4.993,4.82,4.929,
CSGP,2006-02-14,4.968,4.972,4.835,4.931,
CSGP,2006-02-15,4.935,5.06,4.911,5.016,
CSGP,2006-02-16,4.928,5.075,4.591,4.678,
CSGP,2006-02-17,4.747,4.85,4.597,4.782,
CSGP,2006-02-21,4.772,4.886,4.772,4.876,
CSGP,2006-02-22,4.88,5.182,4.878,5.13,
CSGP,2006-02-23,5.12,5.175,5.037,5.143,
CSGP,2006-02-24,5.122,5.159,5.021,5.134,
CSGP,2006-02-27,5.134,5.205,5.125,5.177,
CSGP,2006-02-28,5.164,5.183,5.11,5.161,
CSGP,2006-03-01,5.156,5.3,5.156,5.208,
CSGP,2006-03-02,5.195,5.195,5.049,5.076,
CSGP,2006-03-03,5.04,5.12,5.021,5.075,
CSGP,2006-03-06,5.073,5.215,5.04,5.173,
CSGP,2006-03-07,5.104,5.256,5.104,5.144,
CSGP,2006-03-08,5.123,5.255,5.087,5.185,
CSGP,2006-03-09,5.154,5.267,5.1,5.155,
CSGP,2006-03-10,5.165,5.196,5.1,5.132,
CSGP,2006-03-13,5.139,5.267,5.092,5.136,
CSGP,2006-03-14,5.141,5.145,5.064,5.099,
CSGP,2006-03-15,5.111,5.159,5.075,5.097,
CSGP,2006-03-16,5.103,5.104,5.06,5.102,
CSGP,2006-03-17,5.1,5.128,4.99,5.011,
CSGP,2006-03-20,5.012,5.045,4.969,5.002,
CSGP,2006-03-21,4.985,5.069,4.947,4.955,
CSGP,2006-03-22,4.959,5.038,4.959,5.004,
CSGP,2006-03-23,5.003,5.049,4.976,5.038,
CSGP,2006-03-24,5.028,5.098,5.003,5.067,
CSGP,2006-03-27,5.053,5.069,5.02,5.045,
CSGP,2006-03-28,5.075,5.14,5.032,5.135,
CSGP,2006-03-29,5.111,5.665,5.111,5.643,
CSGP,2006-03-30,5.644,5.658,5.247,5.267,
CSGP,2006-03-31,5.246,5.266,5.133,5.189,
CSGP,2006-04-03,5.185,5.19,4.988,4.996,
CSGP,2006-04-04,4.991,5.028,4.956,5.0,
CSGP,2006-04-05,5.023,5.031,4.902,5.031,
CSGP,2006-04-06,5.031,5.056,4.944,4.958,
CSGP,2006-04-07,4.985,4.985,4.875,4.894,
CSGP,2006-04-10,4.871,4.92,4.841,4.919,
CSGP,2006-04-11,4.901,4.959,4.801,4.865,
CSGP,2006-04-12,4.851,4.965,4.817,4.913,
CSGP,2006-04-13,4.896,4.989,4.889,4.969,
CSGP,2006-04-17,4.958,4.983,4.91,4.95,
CSGP,2006-04-18,4.966,5.125,4.955,5.118,
CSGP,2006-04-19,5.1,5.13,5.046,5.114,
CSGP,2006-04-20,5.1,5.122,5.03,5.122,
CSGP,2006-04-21,5.107,5.14,5.025,5.09,
CSGP,2006-04-24,5.072,5.072,4.913,4.949,
CSGP,2006-04-25,4.928,4.99,4.909,4.99,
CSGP,2006-04-26,4.966,5.048,4.925,5.033,
CSGP,2006-04-27,5.0,5.8,4.908,5.688,
CSGP,2006-04-28,5.697,5.743,5.603,5.645,
CSGP,2006-05-01,5.623,5.722,5.49,5.605,
CSGP,2006-05-02,5.586,5.742,5.583,5.695,
CSGP,2006-05-03,5.663,5.938,5.625,5.854,
CSGP,2006-05-04,5.854,5.875,5.806,5.865,
CSGP,2006-05-05,5.854,5.978,5.854,5.916,
CSGP,2006-05-08,5.944,6.014,5.872,6.0,
CSGP,2006-05-09,5.96,6.02,5.89,5.907,
CSGP,2006-05-10,5.912,5.935,5.746,5.77,
CSGP,2006-05-11,5.756,5.833,5.657,5.692,
CSGP,2006-05-12,5.682,5.708,5.559,5.559,
CSGP,2006-05-15,5.517,5.652,5.422,5.611,
CSGP,2006-05-16,5.604,5.712,5.555,5.65,
CSGP,2006-05-17,5.617,5.664,5.521,5.6,
CSGP,2006-05-18,5.632,5.648,5.492,5.535,
CSGP,2006-05-19,5.496,5.6,5.418,5.448,
CSGP,2006-05-22,5.416,5.481,5.251,5.319,
CSGP,2006-05-23,5.355,5.498,5.283,5.413,
CSGP,2006-05-24,5.415,5.488,5.301,5.449,
CSGP,2006-05-25,5.494,5.518,5.339,5.507,
CSGP,2006-05-26,5.536,5.561,5.469,5.524,
CSGP,2006-05-30,5.4,5.564,5.371,5.372,
CSGP,2006-05-31,5.404,5.404,5.267,5.335,
CSGP,2006-06-01,5.354,5.494,5.294,5.461,
CSGP,2006-06-02,5.65,6.072,5.65,6.05,
CSGP,2006-06-05,6.062,6.111,5.976,6.028,"[""Loopnet is featured IPO GREENWICH, Conn. (MarketWatch) -- In an effort to displace the traditionally inefficient methods of marketing commercial real estate, the online portal LoopNet.com was launched in 1997 to enable real estate agents to list or search for available properties.The online sector has gained a growing share of industry advertising dollars through its comparative advantages in cost and efficiency, a trend that has helped LoopNet attract a critical mass of 360,000 member-generated commercial real estate listings."", ""Real-estate listings firm LoopNet to debut NEW YORK (MarketWatch) -- LoopNet eyes its initial public offering this week as the online real-estate listing firm faces weak market conditions, price chopping in recent IPOs and healthy competition in its sector.""]"
CSGP,2006-06-06,6.028,6.124,5.958,6.122,
CSGP,2006-06-07,6.109,6.26,6.048,6.121,"LoopNet rallies, breaks discounted IPO streak NEW YORK (MarketWatch) - LoopNet rallied more than 20% in its stock market debut Wednesday as the profitable online real estate listing firm managed to break a streak of discounted IPOs and then post a gain in the open market."
CSGP,2006-06-08,6.096,6.163,5.841,6.055,
CSGP,2006-06-09,6.07,6.135,5.816,5.887,
CSGP,2006-06-12,5.881,5.881,5.682,5.708,
CSGP,2006-06-13,5.793,5.802,5.518,5.586,
CSGP,2006-06-14,5.592,5.652,5.535,5.607,
CSGP,2006-06-15,5.635,5.65,5.555,5.594,
CSGP,2006-06-16,5.568,5.657,5.556,5.574,
CSGP,2006-06-19,5.617,5.618,5.441,5.49,
CSGP,2006-06-20,5.455,5.502,5.367,5.393,
CSGP,2006-06-21,5.385,5.55,5.365,5.486,
CSGP,2006-06-22,5.44,5.595,5.429,5.5,
CSGP,2006-06-23,5.405,5.444,5.278,5.335,
CSGP,2006-06-26,5.356,5.473,5.341,5.453,
CSGP,2006-06-27,5.46,5.552,5.362,5.372,
CSGP,2006-06-28,5.369,5.464,5.28,5.464,
CSGP,2006-06-29,5.478,5.777,5.478,5.738,
CSGP,2006-06-30,5.78,6.079,5.757,5.983,
CSGP,2006-07-03,5.941,6.076,5.941,6.057,
CSGP,2006-07-05,6.1,6.1,5.928,6.003,
CSGP,2006-07-06,5.979,6.065,5.942,5.982,
CSGP,2006-07-07,5.931,6.003,5.808,5.808,
CSGP,2006-07-10,5.831,5.863,5.68,5.722,
CSGP,2006-07-11,5.699,5.8,5.567,5.769,
CSGP,2006-07-12,5.732,5.826,5.641,5.646,
CSGP,2006-07-13,5.631,5.67,5.482,5.498,
CSGP,2006-07-14,5.488,5.544,5.399,5.511,
CSGP,2006-07-17,5.497,5.552,5.35,5.392,
CSGP,2006-07-18,5.411,5.55,5.28,5.36,
CSGP,2006-07-19,5.363,5.57,5.336,5.527,
CSGP,2006-07-20,5.555,5.84,5.366,5.396,
CSGP,2006-07-21,5.367,5.429,5.256,5.364,
CSGP,2006-07-24,5.423,5.543,5.357,5.487,
CSGP,2006-07-25,5.506,5.585,5.442,5.502,
CSGP,2006-07-26,5.456,5.5,5.188,5.205,
CSGP,2006-07-27,5.298,5.77,4.62,4.875,
CSGP,2006-07-28,4.867,4.867,4.18,4.355,
CSGP,2006-07-31,4.377,4.408,4.293,4.337,
CSGP,2006-08-01,4.323,4.346,4.2,4.303,
CSGP,2006-08-02,4.309,4.314,4.081,4.147,
CSGP,2006-08-03,4.085,4.153,4.085,4.12,
CSGP,2006-08-04,4.161,4.191,4.065,4.1,
CSGP,2006-08-07,4.06,4.143,4.055,4.058,
CSGP,2006-08-08,4.058,4.116,4.003,4.058,
CSGP,2006-08-09,4.099,4.099,3.901,3.902,
CSGP,2006-08-10,3.885,3.926,3.821,3.906,
CSGP,2006-08-11,3.906,3.906,3.753,3.884,
CSGP,2006-08-14,3.914,3.941,3.886,3.907,
CSGP,2006-08-15,3.95,4.062,3.95,4.007,
CSGP,2006-08-16,4.059,4.186,4.058,4.152,
CSGP,2006-08-17,4.18,4.239,4.156,4.191,
CSGP,2006-08-18,4.212,4.212,4.036,4.051,
CSGP,2006-08-21,4.029,4.055,3.966,3.99,
CSGP,2006-08-22,3.992,4.071,3.925,4.033,
CSGP,2006-08-23,4.047,4.068,3.905,3.906,
CSGP,2006-08-24,3.924,3.942,3.801,3.852,
CSGP,2006-08-25,3.855,4.021,3.801,3.958,
CSGP,2006-08-28,3.951,4.02,3.909,3.954,
CSGP,2006-08-29,3.973,4.044,3.899,4.027,
CSGP,2006-08-30,3.982,4.101,3.939,3.968,
CSGP,2006-08-31,3.965,4.1,3.929,4.028,
CSGP,2006-09-01,4.084,4.103,4.048,4.067,
CSGP,2006-09-05,4.083,4.1,3.957,4.049,
CSGP,2006-09-06,4.021,4.069,3.912,3.912,
CSGP,2006-09-07,3.886,4.004,3.884,3.946,
CSGP,2006-09-08,3.965,4.001,3.94,3.949,
CSGP,2006-09-11,3.945,4.043,3.933,4.007,
CSGP,2006-09-12,3.999,4.136,3.958,4.107,
CSGP,2006-09-13,4.095,4.125,3.987,4.119,
CSGP,2006-09-14,4.098,4.112,4.074,4.099,
CSGP,2006-09-15,4.134,4.224,4.114,4.175,
CSGP,2006-09-18,4.144,4.17,4.077,4.114,
CSGP,2006-09-19,4.13,4.13,3.955,4.079,
CSGP,2006-09-20,4.111,4.127,3.879,3.919,
CSGP,2006-09-21,3.94,4.045,3.927,3.971,
CSGP,2006-09-22,3.952,3.957,3.745,3.87,
CSGP,2006-09-25,3.871,4.0,3.815,3.978,
CSGP,2006-09-26,3.966,3.987,3.891,3.974,
CSGP,2006-09-27,3.944,4.011,3.936,4.0,
CSGP,2006-09-28,4.027,4.074,4.0,4.016,
CSGP,2006-09-29,4.004,4.202,4.0,4.132,
CSGP,2006-10-02,4.118,4.134,4.005,4.104,
CSGP,2006-10-03,4.108,4.165,4.067,4.151,
CSGP,2006-10-04,4.15,4.329,4.134,4.304,
CSGP,2006-10-05,4.317,4.522,4.317,4.456,
CSGP,2006-10-06,4.433,4.434,4.337,4.337,
CSGP,2006-10-09,4.345,4.386,4.277,4.324,
CSGP,2006-10-10,4.342,4.359,4.289,4.355,
CSGP,2006-10-11,4.329,4.362,4.19,4.211,
CSGP,2006-10-12,4.247,4.363,4.244,4.363,
CSGP,2006-10-13,4.379,4.414,4.331,4.344,
CSGP,2006-10-16,4.321,4.475,4.3,4.475,
CSGP,2006-10-17,4.431,4.613,4.431,4.597,
CSGP,2006-10-18,4.614,4.662,4.576,4.594,
CSGP,2006-10-19,4.599,4.665,4.552,4.589,
CSGP,2006-10-20,4.615,4.615,4.499,4.53,
CSGP,2006-10-23,4.495,4.774,4.493,4.638,
CSGP,2006-10-24,4.61,4.632,4.417,4.436,
CSGP,2006-10-25,4.443,4.555,4.361,4.535,
CSGP,2006-10-26,4.515,4.881,4.439,4.595,
CSGP,2006-10-27,4.573,4.713,4.572,4.699,
CSGP,2006-10-30,4.672,4.832,4.612,4.815,
CSGP,2006-10-31,4.834,4.879,4.676,4.735,
CSGP,2006-11-01,4.76,4.812,4.67,4.675,
CSGP,2006-11-02,4.666,4.711,4.666,4.695,
CSGP,2006-11-03,4.717,4.81,4.684,4.722,
CSGP,2006-11-06,4.765,4.893,4.713,4.858,
CSGP,2006-11-07,4.842,4.92,4.812,4.817,
CSGP,2006-11-08,4.819,4.84,4.748,4.75,
CSGP,2006-11-09,4.745,4.751,4.661,4.686,
CSGP,2006-11-10,4.676,4.824,4.676,4.755,
CSGP,2006-11-13,4.739,4.784,4.738,4.774,
CSGP,2006-11-14,4.774,4.959,4.769,4.959,
CSGP,2006-11-15,4.953,5.114,4.905,5.105,
CSGP,2006-11-16,5.099,5.132,5.05,5.062,
CSGP,2006-11-17,5.002,5.08,5.002,5.065,
CSGP,2006-11-20,5.032,5.079,5.003,5.047,
CSGP,2006-11-21,5.057,5.081,4.989,5.019,
CSGP,2006-11-22,5.039,5.039,4.971,4.997,
CSGP,2006-11-24,4.958,5.017,4.956,4.986,
CSGP,2006-11-27,4.959,4.959,4.819,4.878,
CSGP,2006-11-28,4.846,4.911,4.841,4.863,
CSGP,2006-11-29,4.908,4.945,4.845,4.868,
CSGP,2006-11-30,4.879,4.956,4.873,4.931,
CSGP,2006-12-01,4.93,4.945,4.802,4.878,
CSGP,2006-12-04,4.903,5.071,4.865,5.01,
CSGP,2006-12-05,5.035,5.06,5.007,5.027,
CSGP,2006-12-06,5.013,5.037,4.954,5.01,
CSGP,2006-12-07,4.988,5.172,4.967,5.07,
CSGP,2006-12-08,5.067,5.146,4.99,5.117,
CSGP,2006-12-11,5.103,5.169,5.084,5.141,
CSGP,2006-12-12,5.157,5.267,5.102,5.192,
CSGP,2006-12-13,5.24,5.264,5.126,5.261,
CSGP,2006-12-14,5.273,5.49,5.242,5.461,
CSGP,2006-12-15,5.466,5.488,5.402,5.42,
CSGP,2006-12-18,5.443,5.491,5.352,5.393,
CSGP,2006-12-19,5.358,5.413,5.286,5.38,
CSGP,2006-12-20,5.399,5.492,5.316,5.461,
CSGP,2006-12-21,5.456,5.529,5.373,5.463,
CSGP,2006-12-22,5.4,5.45,5.364,5.382,
CSGP,2006-12-26,5.356,5.391,5.337,5.388,
CSGP,2006-12-27,5.372,5.537,5.372,5.52,
CSGP,2006-12-28,5.527,5.562,5.457,5.491,
CSGP,2006-12-29,5.478,5.565,5.35,5.356,
CSGP,2007-01-03,5.398,5.425,5.149,5.215,
CSGP,2007-01-04,5.186,5.237,5.083,5.194,
CSGP,2007-01-05,5.16,5.196,5.06,5.067,
CSGP,2007-01-08,5.058,5.07,5.031,5.058,
CSGP,2007-01-09,5.079,5.079,4.984,4.999,
CSGP,2007-01-10,4.974,5.07,4.963,5.041,
CSGP,2007-01-11,5.026,5.12,5.026,5.086,
CSGP,2007-01-12,5.074,5.188,5.074,5.176,
CSGP,2007-01-16,5.195,5.228,5.096,5.126,
CSGP,2007-01-17,5.105,5.169,5.062,5.067,
CSGP,2007-01-18,5.062,5.099,5.0,5.0,
CSGP,2007-01-19,4.993,5.032,4.959,5.025,
CSGP,2007-01-22,5.02,5.09,4.94,4.943,
CSGP,2007-01-23,4.945,5.007,4.89,4.936,
CSGP,2007-01-24,4.934,4.974,4.911,4.957,
CSGP,2007-01-25,4.977,4.977,4.805,4.837,
CSGP,2007-01-26,4.878,4.878,4.774,4.826,
CSGP,2007-01-29,4.85,4.852,4.801,4.825,
CSGP,2007-01-30,4.815,4.823,4.767,4.784,
CSGP,2007-01-31,4.786,4.806,4.745,4.747,
CSGP,2007-02-01,4.77,4.835,4.743,4.792,
CSGP,2007-02-02,4.811,4.85,4.793,4.811,
CSGP,2007-02-05,4.813,4.844,4.733,4.754,
CSGP,2007-02-06,4.778,4.85,4.756,4.848,
CSGP,2007-02-07,4.85,4.85,4.797,4.842,
CSGP,2007-02-08,4.821,4.852,4.799,4.852,
CSGP,2007-02-09,4.84,4.84,4.728,4.782,
CSGP,2007-02-12,4.779,4.811,4.748,4.774,
CSGP,2007-02-13,4.775,4.775,4.721,4.749,
CSGP,2007-02-14,4.75,4.75,4.686,4.687,
CSGP,2007-02-15,4.709,4.709,4.652,4.657,
CSGP,2007-02-16,4.657,4.711,4.61,4.695,
CSGP,2007-02-20,4.671,4.782,4.641,4.781,
CSGP,2007-02-21,4.749,4.788,4.654,4.659,
CSGP,2007-02-22,4.65,5.118,4.51,5.062,
CSGP,2007-02-23,4.95,5.2,4.95,5.084,
CSGP,2007-02-26,5.09,5.154,5.02,5.057,
CSGP,2007-02-27,5.0,5.033,4.887,4.928,
CSGP,2007-02-28,4.92,4.961,4.662,4.687,
CSGP,2007-03-01,4.664,4.691,4.536,4.615,
CSGP,2007-03-02,4.574,4.633,4.407,4.437,
CSGP,2007-03-05,4.392,4.43,4.299,4.344,
CSGP,2007-03-06,4.392,4.516,4.389,4.494,
CSGP,2007-03-07,4.473,4.493,4.417,4.445,
CSGP,2007-03-08,4.482,4.536,4.371,4.424,
CSGP,2007-03-09,4.467,4.47,4.385,4.462,
CSGP,2007-03-12,4.445,4.478,4.418,4.446,
CSGP,2007-03-13,4.425,4.432,4.351,4.403,
CSGP,2007-03-14,4.384,4.455,4.351,4.399,
CSGP,2007-03-15,4.417,4.526,4.412,4.45,
CSGP,2007-03-16,4.449,4.489,4.397,4.452,
CSGP,2007-03-19,4.461,4.461,4.363,4.395,
CSGP,2007-03-20,4.402,4.437,4.371,4.413,
CSGP,2007-03-21,4.409,4.529,4.39,4.5,
CSGP,2007-03-22,4.527,4.527,4.465,4.519,
CSGP,2007-03-23,4.516,4.575,4.502,4.556,
CSGP,2007-03-26,4.548,4.583,4.509,4.549,
CSGP,2007-03-27,4.537,4.559,4.44,4.461,
CSGP,2007-03-28,4.45,4.466,4.404,4.416,
CSGP,2007-03-29,4.456,4.465,4.4,4.452,
CSGP,2007-03-30,4.457,4.475,4.394,4.468,
CSGP,2007-04-02,4.483,4.505,4.397,4.495,
CSGP,2007-04-03,4.507,4.709,4.507,4.684,
CSGP,2007-04-04,4.695,4.695,4.582,4.629,
CSGP,2007-04-05,4.646,4.789,4.642,4.724,
CSGP,2007-04-09,4.739,4.752,4.667,4.706,
CSGP,2007-04-10,4.691,4.829,4.691,4.757,
CSGP,2007-04-11,4.77,4.77,4.645,4.695,
CSGP,2007-04-12,4.674,4.759,4.64,4.758,
CSGP,2007-04-13,4.751,4.789,4.708,4.753,
CSGP,2007-04-16,4.77,4.922,4.77,4.866,
CSGP,2007-04-17,4.86,4.894,4.827,4.842,
CSGP,2007-04-18,4.833,4.837,4.749,4.753,
CSGP,2007-04-19,4.73,4.73,4.636,4.658,
CSGP,2007-04-20,4.723,4.77,4.593,4.628,
CSGP,2007-04-23,4.611,4.687,4.591,4.651,
CSGP,2007-04-24,4.651,4.669,4.55,4.568,
CSGP,2007-04-25,4.571,4.602,4.427,4.535,"Stocks in focus for Thursday SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trading in Thursday's session are Microsoft Corp., ExxonMobil Corp., and Apple Inc."
CSGP,2007-04-26,4.479,4.998,4.479,4.937,
CSGP,2007-04-27,4.899,4.934,4.846,4.912,
CSGP,2007-04-30,4.929,4.929,4.84,4.881,
CSGP,2007-05-01,4.88,4.954,4.815,4.946,
CSGP,2007-05-02,4.932,5.023,4.883,4.97,
CSGP,2007-05-03,4.959,4.959,4.882,4.926,
CSGP,2007-05-04,4.947,4.988,4.93,4.966,
CSGP,2007-05-07,4.955,4.959,4.872,4.894,
CSGP,2007-05-08,4.895,4.919,4.825,4.916,
CSGP,2007-05-09,4.876,4.944,4.838,4.926,
CSGP,2007-05-10,4.888,4.888,4.766,4.77,
CSGP,2007-05-11,4.767,4.899,4.754,4.874,
CSGP,2007-05-14,4.861,4.861,4.738,4.811,
CSGP,2007-05-15,4.797,4.824,4.671,4.677,
CSGP,2007-05-16,4.701,4.788,4.628,4.783,
CSGP,2007-05-17,4.757,4.795,4.711,4.738,
CSGP,2007-05-18,4.76,4.876,4.705,4.876,
CSGP,2007-05-21,4.856,4.995,4.856,4.975,
CSGP,2007-05-22,4.992,5.1,4.933,5.083,
CSGP,2007-05-23,5.098,5.124,5.04,5.104,
CSGP,2007-05-24,5.099,5.313,5.085,5.271,
CSGP,2007-05-25,5.273,5.332,5.197,5.288,
CSGP,2007-05-29,5.321,5.323,5.27,5.303,
CSGP,2007-05-30,5.268,5.475,5.25,5.427,
CSGP,2007-05-31,5.451,5.486,5.392,5.426,
CSGP,2007-06-01,5.44,5.603,5.429,5.571,
CSGP,2007-06-04,5.54,5.545,5.4,5.474,
CSGP,2007-06-05,5.445,5.464,5.341,5.412,
CSGP,2007-06-06,5.355,5.369,5.25,5.339,
CSGP,2007-06-07,5.307,5.344,5.207,5.247,
CSGP,2007-06-08,5.24,5.285,5.205,5.259,
CSGP,2007-06-11,5.247,5.3,5.224,5.234,
CSGP,2007-06-12,5.218,5.282,5.157,5.181,
CSGP,2007-06-13,5.19,5.268,5.144,5.246,
CSGP,2007-06-14,5.246,5.32,5.171,5.215,
CSGP,2007-06-15,5.287,5.295,5.232,5.255,
CSGP,2007-06-18,5.258,5.271,5.205,5.208,
CSGP,2007-06-19,5.197,5.278,5.181,5.236,
CSGP,2007-06-20,5.243,5.257,5.115,5.172,
CSGP,2007-06-21,5.388,5.437,5.277,5.437,
CSGP,2007-06-22,5.437,5.474,5.264,5.266,
CSGP,2007-06-25,5.251,5.449,5.242,5.298,
CSGP,2007-06-26,5.314,5.375,5.258,5.341,
CSGP,2007-06-27,5.293,5.491,5.29,5.487,
CSGP,2007-06-28,5.493,5.493,5.362,5.411,
CSGP,2007-06-29,5.441,5.473,5.283,5.288,
CSGP,2007-07-02,5.33,5.524,5.286,5.511,
CSGP,2007-07-03,5.538,5.622,5.489,5.622,
CSGP,2007-07-05,5.623,5.68,5.546,5.643,
CSGP,2007-07-06,5.63,5.644,5.578,5.625,
CSGP,2007-07-09,5.632,5.632,5.569,5.586,
CSGP,2007-07-10,5.562,5.562,5.294,5.39,
CSGP,2007-07-11,5.377,5.529,5.377,5.465,
CSGP,2007-07-12,5.506,5.692,5.485,5.677,
CSGP,2007-07-13,5.677,5.723,5.637,5.723,
CSGP,2007-07-16,5.693,5.745,5.651,5.722,
CSGP,2007-07-17,5.727,5.779,5.692,5.762,
CSGP,2007-07-18,5.732,5.806,5.677,5.794,
CSGP,2007-07-19,5.804,5.852,5.762,5.849,
CSGP,2007-07-20,5.836,5.836,5.709,5.731,
CSGP,2007-07-23,5.742,5.765,5.675,5.679,
CSGP,2007-07-24,5.653,5.696,5.468,5.49,
CSGP,2007-07-25,5.547,5.632,5.41,5.478,
CSGP,2007-07-26,5.354,5.4,5.205,5.331,
CSGP,2007-07-27,5.302,5.324,5.137,5.172,
CSGP,2007-07-30,5.163,5.245,5.064,5.132,
CSGP,2007-07-31,5.18,5.245,5.078,5.1,
CSGP,2007-08-01,5.085,5.14,4.99,5.07,
CSGP,2007-08-02,5.079,5.313,5.079,5.31,
CSGP,2007-08-03,5.306,5.35,5.118,5.173,
CSGP,2007-08-06,5.204,5.395,5.182,5.382,
CSGP,2007-08-07,5.341,5.585,5.337,5.522,
CSGP,2007-08-08,5.568,6.31,5.456,5.7,
CSGP,2007-08-09,5.613,6.277,5.613,5.722,
CSGP,2007-08-10,5.731,5.84,5.518,5.57,
CSGP,2007-08-13,5.658,5.692,5.516,5.559,
CSGP,2007-08-14,5.569,5.661,5.526,5.538,
CSGP,2007-08-15,5.519,5.712,5.519,5.6,
CSGP,2007-08-16,5.594,5.739,5.344,5.485,
CSGP,2007-08-17,5.704,5.704,5.553,5.65,
CSGP,2007-08-20,5.674,5.697,5.502,5.586,
CSGP,2007-08-21,5.528,5.639,5.512,5.603,
CSGP,2007-08-22,5.654,5.77,5.592,5.759,
CSGP,2007-08-23,5.793,5.793,5.58,5.594,
CSGP,2007-08-24,5.586,5.63,5.538,5.618,
CSGP,2007-08-27,5.589,5.589,5.444,5.464,
CSGP,2007-08-28,5.417,5.451,5.338,5.343,
CSGP,2007-08-29,5.367,5.454,5.284,5.453,
CSGP,2007-08-30,5.384,5.52,5.37,5.464,
CSGP,2007-08-31,5.541,5.553,5.454,5.503,
CSGP,2007-09-04,5.471,5.57,5.47,5.521,
CSGP,2007-09-05,5.464,5.487,5.354,5.43,
CSGP,2007-09-06,5.437,5.437,5.278,5.299,
CSGP,2007-09-07,5.225,5.225,5.145,5.171,
CSGP,2007-09-10,5.193,5.24,5.049,5.157,
CSGP,2007-09-11,5.193,5.241,5.125,5.156,
CSGP,2007-09-12,5.077,5.305,5.026,5.247,
CSGP,2007-09-13,5.282,5.282,5.184,5.199,
CSGP,2007-09-14,5.167,5.313,5.083,5.275,
CSGP,2007-09-17,5.271,5.271,5.139,5.142,
CSGP,2007-09-18,5.172,5.529,5.09,5.447,
CSGP,2007-09-19,5.498,5.524,5.389,5.465,
CSGP,2007-09-20,5.45,5.45,5.284,5.3,
CSGP,2007-09-21,5.305,5.382,5.283,5.294,
CSGP,2007-09-24,5.282,5.462,5.282,5.345,
CSGP,2007-09-25,5.301,5.409,5.241,5.361,
CSGP,2007-09-26,5.399,5.465,5.33,5.365,
CSGP,2007-09-27,5.398,5.46,5.356,5.435,
CSGP,2007-09-28,5.423,5.461,5.3,5.345,
CSGP,2007-10-01,5.347,5.684,5.347,5.653,
CSGP,2007-10-02,5.673,5.983,5.617,5.9,
CSGP,2007-10-03,5.872,6.053,5.828,5.844,
CSGP,2007-10-04,5.879,5.975,5.757,5.915,
CSGP,2007-10-05,5.975,6.169,5.947,6.097,
CSGP,2007-10-08,6.071,6.194,6.054,6.096,
CSGP,2007-10-09,6.147,6.164,6.026,6.16,
CSGP,2007-10-10,6.124,6.126,6.048,6.121,
CSGP,2007-10-11,6.14,6.288,5.968,6.052,
CSGP,2007-10-12,6.048,6.159,5.999,6.05,
CSGP,2007-10-15,6.042,6.062,5.953,6.017,
CSGP,2007-10-16,6.014,6.107,5.983,6.038,
CSGP,2007-10-17,6.108,6.16,5.957,6.077,
CSGP,2007-10-18,6.053,6.165,6.017,6.165,
CSGP,2007-10-19,6.154,6.154,5.732,5.743,
CSGP,2007-10-22,5.74,5.877,5.633,5.849,
CSGP,2007-10-23,5.907,5.976,5.761,5.956,
CSGP,2007-10-24,5.892,6.128,5.781,6.128,
CSGP,2007-10-25,5.928,6.119,5.7,5.735,
CSGP,2007-10-26,5.836,5.928,5.674,5.775,
CSGP,2007-10-29,5.81,5.9,5.67,5.7,
CSGP,2007-10-30,5.675,5.778,5.504,5.525,
CSGP,2007-10-31,5.558,5.794,5.526,5.75,
CSGP,2007-11-01,5.679,5.679,5.43,5.48,
CSGP,2007-11-02,5.536,5.536,5.34,5.524,
CSGP,2007-11-05,5.374,5.519,5.366,5.422,
CSGP,2007-11-06,5.43,5.619,5.356,5.596,
CSGP,2007-11-07,5.508,5.622,5.381,5.493,
CSGP,2007-11-08,5.548,5.548,5.312,5.421,
CSGP,2007-11-09,5.375,5.463,5.307,5.384,
CSGP,2007-11-12,5.389,5.578,5.37,5.49,
CSGP,2007-11-13,5.531,5.564,5.431,5.539,
CSGP,2007-11-14,5.571,5.6,5.491,5.532,
CSGP,2007-11-15,5.495,5.564,5.415,5.505,
CSGP,2007-11-16,5.519,5.519,5.299,5.431,
CSGP,2007-11-19,5.369,5.396,5.116,5.125,
CSGP,2007-11-20,5.145,5.158,4.982,5.035,
CSGP,2007-11-21,4.991,5.01,4.812,4.82,
CSGP,2007-11-23,4.88,4.914,4.851,4.879,
CSGP,2007-11-26,4.866,4.918,4.701,4.711,
CSGP,2007-11-27,4.735,4.801,4.661,4.703,
CSGP,2007-11-28,4.68,4.926,4.68,4.921,
CSGP,2007-11-29,4.9,4.915,4.806,4.86,
CSGP,2007-11-30,4.881,4.939,4.801,4.819,
CSGP,2007-12-03,4.809,4.821,4.604,4.605,
CSGP,2007-12-04,4.604,4.895,4.599,4.7,
CSGP,2007-12-05,4.79,4.9,4.733,4.839,
CSGP,2007-12-06,4.849,4.903,4.814,4.88,
CSGP,2007-12-07,4.9,4.9,4.814,4.869,
CSGP,2007-12-10,4.871,4.888,4.833,4.873,
CSGP,2007-12-11,4.891,4.891,4.622,4.623,
CSGP,2007-12-12,4.74,4.837,4.582,4.639,
CSGP,2007-12-13,4.599,4.673,4.565,4.618,
CSGP,2007-12-14,4.562,4.628,4.449,4.501,
CSGP,2007-12-17,4.464,4.505,4.426,4.448,
CSGP,2007-12-18,4.497,4.62,4.471,4.575,
CSGP,2007-12-19,4.576,4.657,4.536,4.542,
CSGP,2007-12-20,4.598,4.729,4.548,4.723,
CSGP,2007-12-21,4.8,4.85,4.765,4.777,
CSGP,2007-12-24,4.807,4.906,4.802,4.824,
CSGP,2007-12-26,4.784,4.871,4.681,4.829,
CSGP,2007-12-27,4.803,4.842,4.629,4.631,
CSGP,2007-12-28,4.696,4.764,4.601,4.65,
CSGP,2007-12-31,4.618,4.821,4.607,4.725,
CSGP,2008-01-02,4.708,4.783,4.513,4.531,
CSGP,2008-01-03,4.537,4.61,4.354,4.356,
CSGP,2008-01-04,4.343,4.343,4.106,4.124,
CSGP,2008-01-07,4.126,4.128,3.929,3.959,
CSGP,2008-01-08,3.97,4.124,3.966,4.055,
CSGP,2008-01-09,4.054,4.114,4.015,4.099,
CSGP,2008-01-10,4.046,4.177,4.016,4.106,
CSGP,2008-01-11,4.072,4.11,3.895,3.897,
CSGP,2008-01-14,3.93,4.057,3.846,3.846,
CSGP,2008-01-15,3.825,3.829,3.681,3.742,
CSGP,2008-01-16,3.742,3.889,3.742,3.822,
CSGP,2008-01-17,3.874,3.874,3.73,3.8,
CSGP,2008-01-18,3.799,3.921,3.655,3.741,
CSGP,2008-01-22,3.643,3.844,3.622,3.816,
CSGP,2008-01-23,3.719,4.042,3.719,4.019,
CSGP,2008-01-24,4.05,4.113,3.904,3.907,
CSGP,2008-01-25,3.956,3.956,3.764,3.781,
CSGP,2008-01-28,3.78,3.908,3.72,3.894,
CSGP,2008-01-29,3.926,4.011,3.818,4.004,
CSGP,2008-01-30,4.004,4.16,4.004,4.051,
CSGP,2008-01-31,3.96,4.291,3.96,4.234,
CSGP,2008-02-01,4.259,4.335,4.235,4.291,
CSGP,2008-02-04,4.291,4.35,4.161,4.173,
CSGP,2008-02-05,4.125,4.173,3.97,3.994,
CSGP,2008-02-06,3.988,3.988,3.659,3.725,
CSGP,2008-02-07,3.703,3.72,3.594,3.655,
CSGP,2008-02-08,3.601,3.707,3.601,3.66,
CSGP,2008-02-11,3.656,3.735,3.6,3.687,
CSGP,2008-02-12,3.713,3.825,3.699,3.77,
CSGP,2008-02-13,3.815,3.843,3.779,3.81,
CSGP,2008-02-14,3.815,3.838,3.69,3.704,
CSGP,2008-02-15,3.725,3.963,3.718,3.897,
CSGP,2008-02-19,3.965,3.998,3.899,3.93,
CSGP,2008-02-20,3.945,3.945,3.8,3.852,
CSGP,2008-02-21,3.9,4.345,3.9,4.049,
CSGP,2008-02-22,4.063,4.1,3.891,3.927,
CSGP,2008-02-25,4.12,4.219,4.058,4.098,
CSGP,2008-02-26,4.062,4.294,4.062,4.282,
CSGP,2008-02-27,4.232,4.413,4.211,4.399,
CSGP,2008-02-28,4.381,4.381,4.275,4.297,
CSGP,2008-02-29,4.237,4.26,4.144,4.152,
CSGP,2008-03-03,4.163,4.2,4.083,4.165,
CSGP,2008-03-04,4.113,4.184,4.097,4.177,
CSGP,2008-03-05,4.195,4.214,4.075,4.168,
CSGP,2008-03-06,4.137,4.247,4.11,4.156,
CSGP,2008-03-07,4.107,4.191,3.984,4.053,
CSGP,2008-03-10,4.076,4.092,3.976,3.976,
CSGP,2008-03-11,4.096,4.176,4.001,4.1,
CSGP,2008-03-12,4.109,4.151,4.028,4.035,
CSGP,2008-03-13,3.98,4.051,3.943,4.004,
CSGP,2008-03-14,4.031,4.043,3.87,3.888,
CSGP,2008-03-17,3.842,3.863,3.764,3.807,
CSGP,2008-03-18,3.924,4.013,3.878,4.0,
CSGP,2008-03-19,4.022,4.079,3.927,3.927,
CSGP,2008-03-20,3.979,4.064,3.901,4.041,
CSGP,2008-03-24,4.065,4.23,4.052,4.23,
CSGP,2008-03-25,4.209,4.364,4.195,4.355,
CSGP,2008-03-26,4.325,4.39,4.302,4.363,
CSGP,2008-03-27,4.359,4.435,4.3,4.305,
CSGP,2008-03-28,4.3,4.335,4.253,4.281,
CSGP,2008-03-31,4.296,4.391,4.23,4.3,
CSGP,2008-04-01,4.3,4.489,4.277,4.473,
CSGP,2008-04-02,4.49,4.719,4.458,4.707,
CSGP,2008-04-03,4.675,4.824,4.675,4.771,
CSGP,2008-04-04,4.785,4.791,4.646,4.692,
CSGP,2008-04-07,4.734,4.822,4.689,4.735,
CSGP,2008-04-08,4.69,4.893,4.676,4.88,
CSGP,2008-04-09,4.876,4.876,4.599,4.62,
CSGP,2008-04-10,4.622,4.716,4.607,4.645,
CSGP,2008-04-11,4.748,4.748,4.55,4.592,
CSGP,2008-04-14,4.573,4.641,4.488,4.493,
CSGP,2008-04-15,4.515,4.626,4.477,4.605,
CSGP,2008-04-16,4.55,4.631,4.55,4.586,
CSGP,2008-04-17,4.578,4.6,4.522,4.539,
CSGP,2008-04-18,4.6,4.737,4.57,4.681,
CSGP,2008-04-21,4.634,4.707,4.597,4.644,
CSGP,2008-04-22,4.613,4.658,4.395,4.513,
CSGP,2008-04-23,4.562,4.672,4.362,4.65,
CSGP,2008-04-24,5.013,5.094,4.8,4.852,
CSGP,2008-04-25,4.869,4.955,4.828,4.91,
CSGP,2008-04-28,4.951,4.99,4.868,4.927,
CSGP,2008-04-29,4.937,4.993,4.768,4.809,
CSGP,2008-04-30,4.814,4.925,4.761,4.795,
CSGP,2008-05-01,4.786,4.88,4.73,4.839,
CSGP,2008-05-02,4.9,4.959,4.785,4.87,
CSGP,2008-05-05,4.844,4.895,4.786,4.892,
CSGP,2008-05-06,4.853,5.059,4.838,5.051,
CSGP,2008-05-07,5.067,5.256,5.0,5.136,
CSGP,2008-05-08,5.047,5.16,4.872,4.926,
CSGP,2008-05-09,4.88,5.094,4.849,4.937,
CSGP,2008-05-12,4.955,4.974,4.864,4.942,
CSGP,2008-05-13,4.955,5.015,4.755,4.798,
CSGP,2008-05-14,4.806,4.92,4.803,4.811,
CSGP,2008-05-15,4.802,4.917,4.772,4.845,
CSGP,2008-05-16,4.876,4.908,4.752,4.823,
CSGP,2008-05-19,4.812,4.862,4.757,4.768,
CSGP,2008-05-20,4.766,4.841,4.661,4.69,
CSGP,2008-05-21,4.711,4.772,4.575,4.628,
CSGP,2008-05-22,4.654,4.732,4.624,4.64,
CSGP,2008-05-23,4.609,4.689,4.51,4.549,
CSGP,2008-05-27,4.563,4.713,4.563,4.692,
CSGP,2008-05-28,4.761,4.766,4.668,4.736,
CSGP,2008-05-29,4.737,4.817,4.693,4.797,
CSGP,2008-05-30,4.811,4.811,4.675,4.69,
CSGP,2008-06-02,4.708,4.718,4.588,4.639,
CSGP,2008-06-03,4.676,4.791,4.646,4.766,
CSGP,2008-06-04,4.819,4.932,4.707,4.866,
CSGP,2008-06-05,4.865,5.085,4.861,5.073,
CSGP,2008-06-06,5.02,5.081,4.882,5.004,
CSGP,2008-06-09,5.006,5.056,4.892,4.991,
CSGP,2008-06-10,4.94,4.986,4.903,4.937,
CSGP,2008-06-11,4.914,4.966,4.747,4.771,
CSGP,2008-06-12,4.799,4.961,4.799,4.891,
CSGP,2008-06-13,4.95,5.025,4.825,4.925,
CSGP,2008-06-16,4.916,5.002,4.839,4.995,
CSGP,2008-06-17,4.998,5.125,4.89,5.039,
CSGP,2008-06-18,5.029,5.139,5.0,5.129,
CSGP,2008-06-19,5.126,5.126,5.056,5.118,
CSGP,2008-06-20,5.137,5.19,5.021,5.025,
CSGP,2008-06-23,5.066,5.066,4.855,4.856,
CSGP,2008-06-24,4.817,4.817,4.618,4.622,
CSGP,2008-06-25,4.623,4.675,4.559,4.614,
CSGP,2008-06-26,4.545,4.585,4.428,4.475,
CSGP,2008-06-27,4.489,4.52,4.405,4.439,
CSGP,2008-06-30,4.452,4.459,4.374,4.445,
CSGP,2008-07-01,4.39,4.498,4.377,4.46,
CSGP,2008-07-02,4.446,4.54,4.348,4.357,
CSGP,2008-07-03,4.376,4.442,4.361,4.41,
CSGP,2008-07-07,4.447,4.54,4.381,4.39,
CSGP,2008-07-08,4.406,4.476,4.385,4.471,
CSGP,2008-07-09,4.463,4.528,4.4,4.414,
CSGP,2008-07-10,4.4,4.614,4.4,4.553,
CSGP,2008-07-11,4.505,4.592,4.468,4.583,
CSGP,2008-07-14,4.638,4.691,4.502,4.545,
CSGP,2008-07-15,4.454,4.687,4.393,4.592,
CSGP,2008-07-16,4.8,4.932,4.729,4.731,
CSGP,2008-07-17,4.76,4.941,4.76,4.937,
CSGP,2008-07-18,4.943,5.0,4.85,4.945,
CSGP,2008-07-21,4.983,5.0,4.906,4.952,
CSGP,2008-07-22,4.815,5.016,4.815,4.997,
CSGP,2008-07-23,5.0,5.082,4.945,5.023,
CSGP,2008-07-24,5.015,5.015,4.821,4.854,
CSGP,2008-07-25,4.9,4.917,4.841,4.881,
CSGP,2008-07-28,4.856,4.886,4.717,4.756,
CSGP,2008-07-29,4.785,5.044,4.764,4.98,
CSGP,2008-07-30,5.024,5.089,4.809,4.958,
CSGP,2008-07-31,4.875,5.043,4.875,4.989,
CSGP,2008-08-01,5.019,5.209,4.958,5.151,
CSGP,2008-08-04,5.159,5.178,5.03,5.099,
CSGP,2008-08-05,5.197,5.208,5.012,5.173,
CSGP,2008-08-06,5.17,5.244,5.103,5.168,
CSGP,2008-08-07,5.115,5.237,5.088,5.2,
CSGP,2008-08-08,5.194,5.492,5.117,5.403,
CSGP,2008-08-11,5.413,5.742,5.37,5.587,
CSGP,2008-08-12,5.5,5.518,5.381,5.413,
CSGP,2008-08-13,5.402,5.454,5.337,5.413,
CSGP,2008-08-14,5.362,5.414,5.315,5.403,
CSGP,2008-08-15,5.465,5.493,5.314,5.386,
CSGP,2008-08-18,5.395,5.433,5.268,5.32,
CSGP,2008-08-19,5.256,5.279,5.121,5.154,
CSGP,2008-08-20,5.164,5.165,5.065,5.118,
CSGP,2008-08-21,5.075,5.151,5.02,5.096,
CSGP,2008-08-22,5.133,5.334,5.104,5.313,
CSGP,2008-08-25,5.178,5.3,5.168,5.168,
CSGP,2008-08-26,5.168,5.168,5.064,5.113,
CSGP,2008-08-27,5.104,5.18,5.104,5.151,
CSGP,2008-08-28,5.157,5.288,5.151,5.213,
CSGP,2008-08-29,5.21,5.292,5.146,5.281,
CSGP,2008-09-02,5.361,5.484,5.294,5.396,
CSGP,2008-09-03,5.391,5.541,5.371,5.53,
CSGP,2008-09-04,5.499,5.564,5.475,5.507,
CSGP,2008-09-05,5.487,5.499,5.313,5.375,
CSGP,2008-09-08,5.415,5.517,5.287,5.293,
CSGP,2008-09-09,5.31,5.451,5.242,5.246,
CSGP,2008-09-10,5.355,5.355,5.211,5.29,
CSGP,2008-09-11,5.204,5.238,5.058,5.103,
CSGP,2008-09-12,5.052,5.246,5.052,5.204,
CSGP,2008-09-15,5.26,5.26,4.979,4.983,
CSGP,2008-09-16,5.048,5.055,4.855,5.055,
CSGP,2008-09-17,5.144,5.144,4.896,5.0,
CSGP,2008-09-18,5.187,5.72,4.95,5.67,
CSGP,2008-09-19,6.01,6.115,5.487,5.561,
CSGP,2008-09-22,5.505,5.512,4.908,4.925,
CSGP,2008-09-23,4.943,5.046,4.854,4.963,
CSGP,2008-09-24,4.98,5.239,4.908,5.022,
CSGP,2008-09-25,5.239,5.239,4.95,4.991,
CSGP,2008-09-26,5.304,5.304,4.747,4.797,
CSGP,2008-09-29,4.727,4.81,4.394,4.427,
CSGP,2008-09-30,4.563,4.626,4.432,4.539,
CSGP,2008-10-01,4.5,4.6,4.361,4.52,
CSGP,2008-10-02,4.484,4.505,4.203,4.287,
CSGP,2008-10-03,4.355,4.452,4.13,4.134,
CSGP,2008-10-06,4.037,4.239,3.979,4.157,
CSGP,2008-10-07,4.221,4.458,4.207,4.211,
CSGP,2008-10-08,4.073,4.667,4.027,4.443,
CSGP,2008-10-09,4.517,4.517,3.975,4.003,
CSGP,2008-10-10,3.913,4.288,3.901,4.129,
CSGP,2008-10-13,4.57,4.57,4.314,4.442,
CSGP,2008-10-14,4.5,4.589,4.041,4.069,
CSGP,2008-10-15,3.95,4.059,3.801,3.83,
CSGP,2008-10-16,3.854,4.0,3.515,3.702,
CSGP,2008-10-17,3.566,3.831,3.563,3.7,
CSGP,2008-10-20,3.797,3.88,3.625,3.879,
CSGP,2008-10-21,3.803,3.962,3.726,3.746,
CSGP,2008-10-22,3.652,3.777,3.553,3.603,
CSGP,2008-10-23,3.611,3.705,3.178,3.243,
CSGP,2008-10-24,3.093,3.268,3.044,3.089,
CSGP,2008-10-27,3.059,3.217,2.891,2.893,
CSGP,2008-10-28,2.935,3.089,2.841,2.924,
CSGP,2008-10-29,2.98,2.98,2.771,2.961,
CSGP,2008-10-30,3.086,3.705,3.086,3.278,
CSGP,2008-10-31,3.195,3.643,3.143,3.602,
CSGP,2008-11-03,3.599,3.746,3.599,3.643,
CSGP,2008-11-04,3.738,3.743,3.553,3.635,
CSGP,2008-11-05,3.598,3.743,3.595,3.617,
CSGP,2008-11-06,3.594,3.896,3.54,3.611,
CSGP,2008-11-07,3.649,3.77,3.5,3.57,
CSGP,2008-11-10,3.663,3.673,3.146,3.208,
CSGP,2008-11-11,3.199,3.35,2.992,3.043,
CSGP,2008-11-12,2.991,3.1,2.904,2.926,
CSGP,2008-11-13,2.932,3.149,2.853,3.115,
CSGP,2008-11-14,3.067,3.12,2.999,3.003,
CSGP,2008-11-17,2.971,3.103,2.901,3.032,
CSGP,2008-11-18,3.035,3.166,2.952,3.077,
CSGP,2008-11-19,3.039,3.039,2.543,2.701,
CSGP,2008-11-20,2.69,2.862,2.639,2.7,
CSGP,2008-11-21,2.758,2.874,2.58,2.874,
CSGP,2008-11-24,2.907,3.23,2.907,3.151,
CSGP,2008-11-25,3.164,3.256,3.022,3.195,
CSGP,2008-11-26,3.116,3.333,3.075,3.284,
CSGP,2008-11-28,3.255,3.352,3.127,3.262,
CSGP,2008-12-01,3.141,3.253,2.863,2.884,
CSGP,2008-12-02,2.936,3.013,2.728,2.832,
CSGP,2008-12-03,2.761,2.966,2.761,2.899,
CSGP,2008-12-04,2.858,2.98,2.797,2.865,
CSGP,2008-12-05,2.813,2.954,2.767,2.925,
CSGP,2008-12-08,3.008,3.113,3.004,3.088,
CSGP,2008-12-09,3.064,3.188,3.046,3.082,
CSGP,2008-12-10,3.126,3.217,3.004,3.165,
CSGP,2008-12-11,3.117,3.245,2.99,3.022,
CSGP,2008-12-12,2.972,3.087,2.914,3.081,
CSGP,2008-12-15,3.111,3.15,2.949,2.979,
CSGP,2008-12-16,3.028,3.094,2.975,3.075,
CSGP,2008-12-17,3.05,3.23,2.997,3.191,
CSGP,2008-12-18,3.138,3.329,3.135,3.253,
CSGP,2008-12-19,3.314,3.462,3.221,3.3,
CSGP,2008-12-22,3.299,3.314,3.022,3.117,
CSGP,2008-12-23,3.133,3.174,3.06,3.148,
CSGP,2008-12-24,3.158,3.158,3.059,3.069,
CSGP,2008-12-26,3.087,3.131,3.026,3.07,
CSGP,2008-12-29,3.07,3.086,3.04,3.066,
CSGP,2008-12-30,3.096,3.241,3.096,3.236,
CSGP,2008-12-31,3.229,3.345,3.227,3.294,
CSGP,2009-01-02,3.3,3.366,3.236,3.351,
CSGP,2009-01-05,3.362,3.373,3.27,3.323,
CSGP,2009-01-06,3.36,3.502,3.34,3.448,
CSGP,2009-01-07,3.399,3.527,3.353,3.462,
CSGP,2009-01-08,3.44,3.642,3.439,3.593,
CSGP,2009-01-09,3.604,3.604,3.333,3.339,
CSGP,2009-01-12,3.324,3.347,3.181,3.262,
CSGP,2009-01-13,3.253,3.331,3.199,3.231,
CSGP,2009-01-14,3.181,3.275,3.028,3.038,
CSGP,2009-01-15,3.035,3.157,2.969,3.142,
CSGP,2009-01-16,3.18,3.233,2.992,3.101,
CSGP,2009-01-20,3.052,3.139,2.986,2.994,
CSGP,2009-01-21,2.995,3.155,2.985,3.128,
CSGP,2009-01-22,3.082,3.13,3.021,3.047,
CSGP,2009-01-23,2.982,3.047,2.956,2.998,
CSGP,2009-01-26,3.011,3.074,2.926,2.979,
CSGP,2009-01-27,2.998,3.045,2.958,3.031,
CSGP,2009-01-28,3.068,3.216,3.068,3.207,
CSGP,2009-01-29,3.18,3.18,3.028,3.028,
CSGP,2009-01-30,3.066,3.087,2.947,2.962,
CSGP,2009-02-02,2.939,3.039,2.939,3.018,
CSGP,2009-02-03,3.032,3.046,2.926,2.976,
CSGP,2009-02-04,2.986,3.004,2.921,2.971,
CSGP,2009-02-05,2.942,3.023,2.896,2.956,
CSGP,2009-02-06,2.946,3.141,2.925,3.09,
CSGP,2009-02-09,3.076,3.146,3.013,3.052,
CSGP,2009-02-10,3.026,3.077,2.946,2.948,
CSGP,2009-02-11,2.953,3.004,2.923,2.98,
CSGP,2009-02-12,2.943,2.997,2.898,2.954,
CSGP,2009-02-13,2.965,3.048,2.898,2.955,
CSGP,2009-02-17,2.876,2.933,2.771,2.865,
CSGP,2009-02-18,2.878,2.916,2.76,2.875,
CSGP,2009-02-19,2.795,2.864,2.611,2.798,
CSGP,2009-02-20,2.695,2.745,2.502,2.595,
CSGP,2009-02-23,2.608,2.623,2.536,2.544,
CSGP,2009-02-24,2.57,2.676,2.501,2.638,
CSGP,2009-02-25,2.624,2.677,2.547,2.616,
CSGP,2009-02-26,2.63,2.681,2.542,2.553,
CSGP,2009-02-27,2.529,2.637,2.525,2.55,
CSGP,2009-03-02,2.518,2.558,2.483,2.5,
CSGP,2009-03-03,2.54,2.669,2.471,2.495,
CSGP,2009-03-04,2.53,2.63,2.51,2.589,
CSGP,2009-03-05,2.546,2.576,2.492,2.499,
CSGP,2009-03-06,2.519,2.559,2.454,2.532,
CSGP,2009-03-09,2.515,2.525,2.411,2.423,
CSGP,2009-03-10,2.487,2.596,2.438,2.566,
CSGP,2009-03-11,2.574,2.645,2.556,2.594,
CSGP,2009-03-12,2.579,2.654,2.537,2.65,
CSGP,2009-03-13,2.655,2.688,2.603,2.632,
CSGP,2009-03-16,2.648,2.693,2.588,2.595,
CSGP,2009-03-17,2.586,2.644,2.533,2.644,
CSGP,2009-03-18,2.549,2.846,2.549,2.826,
CSGP,2009-03-19,2.834,2.886,2.798,2.822,
CSGP,2009-03-20,2.899,2.899,2.737,2.791,
CSGP,2009-03-23,2.854,2.985,2.817,2.985,
CSGP,2009-03-24,2.953,3.013,2.9,2.926,
CSGP,2009-03-25,2.94,3.074,2.906,3.005,
CSGP,2009-03-26,3.054,3.102,3.028,3.094,
CSGP,2009-03-27,3.048,3.122,2.999,3.008,
CSGP,2009-03-30,2.943,3.032,2.869,2.969,
CSGP,2009-03-31,2.995,3.06,2.956,3.025,
CSGP,2009-04-01,2.995,3.152,2.957,3.11,
CSGP,2009-04-02,3.168,3.324,3.168,3.24,
CSGP,2009-04-03,3.242,3.289,3.223,3.275,
CSGP,2009-04-06,3.21,3.265,3.179,3.255,
CSGP,2009-04-07,3.204,3.243,3.151,3.158,
CSGP,2009-04-08,3.16,3.16,3.106,3.13,
CSGP,2009-04-09,3.203,3.302,3.148,3.298,
CSGP,2009-04-13,3.27,3.333,3.235,3.267,
CSGP,2009-04-14,3.228,3.301,3.195,3.216,
CSGP,2009-04-15,3.204,3.279,3.163,3.273,
CSGP,2009-04-16,3.293,3.35,3.275,3.334,
CSGP,2009-04-17,3.345,3.404,3.307,3.381,
CSGP,2009-04-20,3.301,3.377,3.262,3.304,
CSGP,2009-04-21,3.301,3.367,3.289,3.36,
CSGP,2009-04-22,3.3,3.437,3.3,3.339,
CSGP,2009-04-23,3.352,3.515,3.301,3.5,
CSGP,2009-04-24,3.522,3.631,3.431,3.575,
CSGP,2009-04-27,3.506,3.608,3.491,3.581,
CSGP,2009-04-28,3.537,3.729,3.495,3.683,
CSGP,2009-04-29,3.695,3.795,3.647,3.745,
CSGP,2009-04-30,3.768,3.819,3.701,3.705,
CSGP,2009-05-01,3.725,3.773,3.675,3.731,
CSGP,2009-05-04,3.753,3.805,3.624,3.682,
CSGP,2009-05-05,3.672,3.73,3.551,3.636,
CSGP,2009-05-06,3.679,3.703,3.546,3.605,
CSGP,2009-05-07,3.648,3.664,3.455,3.469,
CSGP,2009-05-08,3.509,3.567,3.46,3.566,
CSGP,2009-05-11,3.508,3.688,3.508,3.628,
CSGP,2009-05-12,3.638,3.667,3.609,3.65,
CSGP,2009-05-13,3.585,3.635,3.565,3.6,
CSGP,2009-05-14,3.627,3.682,3.619,3.645,
CSGP,2009-05-15,3.636,3.654,3.532,3.576,
CSGP,2009-05-18,3.61,3.702,3.489,3.681,
CSGP,2009-05-19,3.649,3.694,3.623,3.653,
CSGP,2009-05-20,3.692,3.751,3.661,3.676,
CSGP,2009-05-21,3.651,3.686,3.579,3.622,
CSGP,2009-05-22,3.633,3.683,3.555,3.619,
CSGP,2009-05-26,3.588,3.808,3.58,3.773,
CSGP,2009-05-27,3.742,3.748,3.613,3.625,
CSGP,2009-05-28,3.682,3.733,3.562,3.592,
CSGP,2009-05-29,3.606,3.606,3.52,3.565,
CSGP,2009-06-01,3.619,3.745,3.61,3.715,
CSGP,2009-06-02,3.687,3.791,3.687,3.749,
CSGP,2009-06-03,3.72,3.869,3.701,3.869,
CSGP,2009-06-04,3.879,3.902,3.83,3.893,
CSGP,2009-06-05,3.907,3.979,3.857,3.895,
CSGP,2009-06-08,3.869,3.934,3.821,3.883,
CSGP,2009-06-09,3.914,3.971,3.888,3.939,
CSGP,2009-06-10,3.959,3.975,3.881,3.965,
CSGP,2009-06-11,3.964,4.044,3.964,4.009,
CSGP,2009-06-12,3.973,4.012,3.937,4.007,
CSGP,2009-06-15,3.966,4.028,3.887,3.945,
CSGP,2009-06-16,3.959,3.994,3.808,3.808,
CSGP,2009-06-17,3.82,3.94,3.809,3.853,
CSGP,2009-06-18,3.858,3.858,3.79,3.814,
CSGP,2009-06-19,3.825,3.883,3.8,3.828,
CSGP,2009-06-22,3.805,3.814,3.698,3.716,
CSGP,2009-06-23,3.754,3.82,3.754,3.782,
CSGP,2009-06-24,3.822,3.869,3.755,3.827,
CSGP,2009-06-25,3.837,3.872,3.799,3.868,
CSGP,2009-06-26,3.851,3.931,3.779,3.913,
CSGP,2009-06-29,3.895,3.979,3.88,3.952,
CSGP,2009-06-30,3.966,4.05,3.962,3.987,
CSGP,2009-07-01,4.024,4.098,4.0,4.068,
CSGP,2009-07-02,4.017,4.017,3.827,3.859,
CSGP,2009-07-06,3.855,3.902,3.83,3.889,
CSGP,2009-07-07,3.895,3.895,3.76,3.77,
CSGP,2009-07-08,3.797,3.837,3.781,3.781,
CSGP,2009-07-09,3.815,3.815,3.729,3.735,
CSGP,2009-07-10,3.725,3.754,3.656,3.724,
CSGP,2009-07-13,3.706,3.706,3.56,3.658,
CSGP,2009-07-14,3.645,3.673,3.582,3.612,
CSGP,2009-07-15,3.648,3.739,3.627,3.725,
CSGP,2009-07-16,3.713,3.759,3.692,3.742,
CSGP,2009-07-17,3.752,3.752,3.624,3.648,
CSGP,2009-07-20,3.677,3.798,3.634,3.651,
CSGP,2009-07-21,3.68,3.68,3.621,3.656,
CSGP,2009-07-22,3.65,3.688,3.579,3.599,
CSGP,2009-07-23,3.586,3.586,3.373,3.397,
CSGP,2009-07-24,3.369,3.472,3.369,3.464,
CSGP,2009-07-27,3.449,3.551,3.378,3.535,
CSGP,2009-07-28,3.53,3.64,3.475,3.618,
CSGP,2009-07-29,3.618,3.69,3.6,3.664,
CSGP,2009-07-30,3.696,3.753,3.645,3.708,
CSGP,2009-07-31,3.683,3.745,3.663,3.673,
CSGP,2009-08-03,3.681,3.692,3.603,3.69,
CSGP,2009-08-04,3.655,3.714,3.655,3.7,
CSGP,2009-08-05,3.713,3.713,3.591,3.632,
CSGP,2009-08-06,3.636,3.676,3.597,3.603,
CSGP,2009-08-07,3.663,3.708,3.599,3.677,
CSGP,2009-08-10,3.644,3.737,3.644,3.705,
CSGP,2009-08-11,3.676,3.701,3.619,3.645,
CSGP,2009-08-12,3.637,3.726,3.632,3.681,
CSGP,2009-08-13,3.689,3.689,3.611,3.637,
CSGP,2009-08-14,3.621,3.628,3.575,3.613,
CSGP,2009-08-17,3.554,3.695,3.539,3.59,
CSGP,2009-08-18,3.614,3.655,3.582,3.625,
CSGP,2009-08-19,3.593,3.753,3.593,3.711,
CSGP,2009-08-20,3.714,3.765,3.694,3.75,
CSGP,2009-08-21,3.793,3.955,3.755,3.936,
CSGP,2009-08-24,3.947,3.999,3.925,3.953,
CSGP,2009-08-25,3.973,3.995,3.914,3.925,
CSGP,2009-08-26,3.902,3.923,3.877,3.911,
CSGP,2009-08-27,3.91,3.913,3.814,3.869,
CSGP,2009-08-28,3.908,3.93,3.819,3.836,
CSGP,2009-08-31,3.815,3.822,3.763,3.793,
CSGP,2009-09-01,3.76,3.866,3.71,3.739,
CSGP,2009-09-02,3.741,3.755,3.677,3.679,
CSGP,2009-09-03,3.684,3.755,3.577,3.673,
CSGP,2009-09-04,3.638,3.711,3.623,3.7,
CSGP,2009-09-08,3.737,3.771,3.69,3.769,
CSGP,2009-09-09,3.778,3.845,3.77,3.838,
CSGP,2009-09-10,3.823,3.864,3.786,3.863,
CSGP,2009-09-11,3.856,3.882,3.831,3.865,
CSGP,2009-09-14,3.827,3.934,3.823,3.931,
CSGP,2009-09-15,3.912,3.931,3.869,3.914,
CSGP,2009-09-16,3.893,4.031,3.883,4.031,
CSGP,2009-09-17,4.035,4.142,4.033,4.136,
CSGP,2009-09-18,4.132,4.132,4.046,4.111,
CSGP,2009-09-21,4.084,4.114,4.05,4.061,
CSGP,2009-09-22,4.049,4.114,4.049,4.075,
CSGP,2009-09-23,4.093,4.106,4.013,4.055,
CSGP,2009-09-24,4.083,4.083,3.971,3.999,
CSGP,2009-09-25,3.995,4.055,3.972,4.015,
CSGP,2009-09-28,4.025,4.167,4.017,4.099,
CSGP,2009-09-29,4.09,4.169,4.09,4.157,
CSGP,2009-09-30,4.161,4.18,4.073,4.122,
CSGP,2009-10-01,4.112,4.112,3.932,3.933,
CSGP,2009-10-02,3.91,3.992,3.813,3.945,
CSGP,2009-10-05,3.968,4.04,3.886,4.038,
CSGP,2009-10-06,4.073,4.166,3.991,4.166,
CSGP,2009-10-07,4.163,4.216,4.142,4.166,
CSGP,2009-10-08,4.181,4.235,4.155,4.206,
CSGP,2009-10-09,4.199,4.329,4.187,4.328,
CSGP,2009-10-12,4.331,4.396,4.28,4.299,
CSGP,2009-10-13,4.3,4.306,4.257,4.299,
CSGP,2009-10-14,4.335,4.448,4.3,4.443,
CSGP,2009-10-15,4.427,4.427,4.349,4.361,
CSGP,2009-10-16,4.348,4.352,4.274,4.31,
CSGP,2009-10-19,4.338,4.363,4.292,4.341,
CSGP,2009-10-20,4.349,4.366,4.197,4.201,
CSGP,2009-10-21,4.178,4.243,4.099,4.165,
CSGP,2009-10-22,4.158,4.158,3.897,3.993,
CSGP,2009-10-23,4.0,4.136,3.987,4.103,
CSGP,2009-10-26,4.095,4.143,4.042,4.104,
CSGP,2009-10-27,4.13,4.196,4.043,4.052,
CSGP,2009-10-28,4.025,4.09,3.934,3.935,
CSGP,2009-10-29,3.984,3.984,3.927,3.94,
CSGP,2009-10-30,3.899,3.993,3.829,3.882,
CSGP,2009-11-02,3.894,3.894,3.777,3.835,
CSGP,2009-11-03,3.797,3.878,3.789,3.878,
CSGP,2009-11-04,3.887,3.941,3.829,3.899,
CSGP,2009-11-05,3.944,3.971,3.911,3.966,
CSGP,2009-11-06,3.935,3.995,3.927,3.964,
CSGP,2009-11-09,4.001,4.095,3.935,4.092,
CSGP,2009-11-10,4.059,4.151,4.052,4.075,
CSGP,2009-11-11,4.123,4.133,4.069,4.102,
CSGP,2009-11-12,4.107,4.123,4.014,4.021,
CSGP,2009-11-13,4.045,4.138,4.006,4.103,
CSGP,2009-11-16,4.136,4.24,4.136,4.198,
CSGP,2009-11-17,4.171,4.209,4.153,4.206,
CSGP,2009-11-18,4.214,4.214,4.1,4.131,
CSGP,2009-11-19,4.09,4.113,4.024,4.06,
CSGP,2009-11-20,4.021,4.061,4.018,4.047,
CSGP,2009-11-23,4.1,4.166,4.056,4.164,
CSGP,2009-11-24,4.154,4.154,4.071,4.103,
CSGP,2009-11-25,4.109,4.141,4.085,4.091,
CSGP,2009-11-27,3.943,4.015,3.922,3.932,
CSGP,2009-11-30,3.937,3.983,3.862,3.973,
CSGP,2009-12-01,4.018,4.042,3.976,4.011,
CSGP,2009-12-02,4.002,4.234,4.002,4.204,
CSGP,2009-12-03,4.211,4.242,4.08,4.081,
CSGP,2009-12-04,4.165,4.25,4.157,4.215,
CSGP,2009-12-07,4.202,4.235,4.155,4.185,
CSGP,2009-12-08,4.166,4.166,4.074,4.09,
CSGP,2009-12-09,4.101,4.102,4.043,4.06,
CSGP,2009-12-10,4.088,4.088,3.99,4.008,
CSGP,2009-12-11,4.04,4.052,3.995,4.0,
CSGP,2009-12-14,4.013,4.044,3.966,4.044,
CSGP,2009-12-15,3.954,4.071,3.954,4.0,
CSGP,2009-12-16,4.032,4.038,3.963,4.013,
CSGP,2009-12-17,4.0,4.032,4.0,4.002,
CSGP,2009-12-18,4.047,4.082,4.005,4.079,
CSGP,2009-12-21,4.089,4.145,4.078,4.112,
CSGP,2009-12-22,4.112,4.178,4.09,4.166,
CSGP,2009-12-23,4.18,4.249,4.151,4.228,
CSGP,2009-12-24,4.231,4.248,4.22,4.238,
CSGP,2009-12-28,4.25,4.29,4.211,4.281,
CSGP,2009-12-29,4.3,4.314,4.257,4.31,
CSGP,2009-12-30,4.285,4.316,4.221,4.293,
CSGP,2009-12-31,4.297,4.346,4.171,4.177,
CSGP,2010-01-04,4.238,4.273,4.187,4.225,
CSGP,2010-01-05,4.229,4.255,4.188,4.245,
CSGP,2010-01-06,4.285,4.333,4.236,4.25,
CSGP,2010-01-07,4.259,4.259,4.164,4.242,
CSGP,2010-01-08,4.223,4.257,4.204,4.234,
CSGP,2010-01-11,4.246,4.247,4.192,4.236,
CSGP,2010-01-12,4.208,4.239,4.163,4.172,
CSGP,2010-01-13,4.183,4.218,4.126,4.152,
CSGP,2010-01-14,4.151,4.252,4.147,4.249,
CSGP,2010-01-15,4.264,4.269,4.119,4.142,
CSGP,2010-01-19,4.162,4.2,4.126,4.195,
CSGP,2010-01-20,4.161,4.172,4.011,4.093,
CSGP,2010-01-21,4.093,4.154,4.009,4.102,
CSGP,2010-01-22,4.111,4.147,4.051,4.061,
CSGP,2010-01-25,4.084,4.15,4.016,4.104,
CSGP,2010-01-26,4.099,4.103,4.047,4.066,
CSGP,2010-01-27,4.034,4.12,4.028,4.1,
CSGP,2010-01-28,4.097,4.153,4.056,4.062,
CSGP,2010-01-29,4.069,4.134,4.036,4.038,
CSGP,2010-02-01,4.065,4.092,3.981,4.002,
CSGP,2010-02-02,4.017,4.017,3.904,3.904,
CSGP,2010-02-03,3.877,4.0,3.847,3.905,
CSGP,2010-02-04,3.882,3.894,3.811,3.822,
CSGP,2010-02-05,3.828,3.86,3.745,3.85,
CSGP,2010-02-08,3.859,3.863,3.81,3.845,
CSGP,2010-02-09,3.878,3.9,3.813,3.865,
CSGP,2010-02-10,3.846,3.892,3.818,3.877,
CSGP,2010-02-11,3.853,3.951,3.813,3.945,
CSGP,2010-02-12,3.898,3.928,3.873,3.902,
CSGP,2010-02-16,3.93,3.95,3.889,3.95,
CSGP,2010-02-17,3.974,3.986,3.947,3.985,
CSGP,2010-02-18,3.845,4.036,3.845,4.006,
CSGP,2010-02-19,4.007,4.033,4.0,4.018,
CSGP,2010-02-22,4.211,4.211,4.011,4.065,
CSGP,2010-02-23,4.046,4.092,3.97,3.983,
CSGP,2010-02-24,3.985,3.987,3.946,3.982,
CSGP,2010-02-25,3.911,3.949,3.863,3.947,
CSGP,2010-02-26,3.951,4.022,3.921,3.935,
CSGP,2010-03-01,3.944,4.014,3.926,3.963,
CSGP,2010-03-02,3.966,4.012,3.966,3.996,
CSGP,2010-03-03,4.015,4.111,3.998,4.105,
CSGP,2010-03-04,4.1,4.138,4.068,4.111,
CSGP,2010-03-05,4.151,4.23,4.151,4.191,
CSGP,2010-03-08,4.202,4.215,4.124,4.131,
CSGP,2010-03-09,4.112,4.186,4.112,4.137,
CSGP,2010-03-10,4.129,4.187,4.129,4.18,
CSGP,2010-03-11,4.151,4.201,4.15,4.199,
CSGP,2010-03-12,4.2,4.258,4.178,4.229,
CSGP,2010-03-15,4.234,4.348,4.234,4.287,
CSGP,2010-03-16,4.309,4.309,4.238,4.273,
CSGP,2010-03-17,4.27,4.29,4.249,4.25,
CSGP,2010-03-18,4.222,4.275,4.222,4.258,
CSGP,2010-03-19,4.282,4.282,4.177,4.2,
CSGP,2010-03-22,4.172,4.293,4.172,4.262,
CSGP,2010-03-23,4.257,4.325,4.243,4.297,
CSGP,2010-03-24,4.276,4.324,4.202,4.205,
CSGP,2010-03-25,4.219,4.254,4.155,4.156,
CSGP,2010-03-26,4.184,4.184,4.079,4.109,
CSGP,2010-03-29,4.11,4.143,4.104,4.131,
CSGP,2010-03-30,4.124,4.232,4.124,4.203,
CSGP,2010-03-31,4.173,4.266,4.15,4.152,
CSGP,2010-04-01,4.153,4.24,4.108,4.178,
CSGP,2010-04-05,4.179,4.279,4.179,4.279,
CSGP,2010-04-06,4.269,4.333,4.265,4.322,
CSGP,2010-04-07,4.305,4.334,4.272,4.301,
CSGP,2010-04-08,4.28,4.311,4.265,4.28,
CSGP,2010-04-09,4.292,4.299,4.26,4.274,
CSGP,2010-04-12,4.274,4.304,4.251,4.297,
CSGP,2010-04-13,4.275,4.331,4.254,4.329,
CSGP,2010-04-14,4.342,4.465,4.335,4.433,
CSGP,2010-04-15,4.442,4.519,4.416,4.502,
CSGP,2010-04-16,4.502,4.552,4.475,4.531,
CSGP,2010-04-19,4.526,4.53,4.444,4.519,
CSGP,2010-04-20,4.551,4.6,4.518,4.595,
CSGP,2010-04-21,4.588,4.617,4.562,4.573,
CSGP,2010-04-22,4.477,4.57,4.46,4.534,
CSGP,2010-04-23,4.396,4.536,4.378,4.514,
CSGP,2010-04-26,4.502,4.546,4.468,4.49,
CSGP,2010-04-27,4.459,4.513,4.426,4.471,
CSGP,2010-04-28,4.474,4.508,4.395,4.427,
CSGP,2010-04-29,4.445,4.508,4.397,4.5,
CSGP,2010-04-30,4.514,4.529,4.395,4.395,
CSGP,2010-05-03,4.415,4.443,4.378,4.438,
CSGP,2010-05-04,4.374,4.396,4.348,4.363,
CSGP,2010-05-05,4.323,4.348,4.282,4.29,
CSGP,2010-05-06,4.267,4.331,3.954,4.236,
CSGP,2010-05-07,4.22,4.248,4.073,4.081,
CSGP,2010-05-10,4.265,4.272,4.162,4.231,
CSGP,2010-05-11,4.198,4.311,4.176,4.271,
CSGP,2010-05-12,4.279,4.42,4.279,4.383,
CSGP,2010-05-13,4.349,4.448,4.349,4.392,
CSGP,2010-05-14,4.359,4.423,4.325,4.42,
CSGP,2010-05-17,4.424,4.481,4.331,4.39,
CSGP,2010-05-18,4.447,4.479,4.376,4.385,
CSGP,2010-05-19,4.364,4.418,4.323,4.327,
CSGP,2010-05-20,4.244,4.287,4.169,4.176,
CSGP,2010-05-21,4.126,4.244,4.104,4.158,
CSGP,2010-05-24,4.152,4.165,4.045,4.062,
CSGP,2010-05-25,3.971,4.055,3.91,3.991,
CSGP,2010-05-26,4.008,4.044,3.93,4.003,
CSGP,2010-05-27,4.087,4.111,4.028,4.109,
CSGP,2010-05-28,4.1,4.134,4.063,4.077,
CSGP,2010-06-01,4.056,4.125,4.027,4.042,
CSGP,2010-06-02,4.052,4.138,4.05,4.138,
CSGP,2010-06-03,4.121,4.216,4.095,4.194,
CSGP,2010-06-04,4.16,4.194,4.065,4.074,
CSGP,2010-06-07,4.084,4.084,3.944,3.95,
CSGP,2010-06-08,3.955,3.955,3.88,3.928,
CSGP,2010-06-09,3.969,4.012,3.897,3.945,
CSGP,2010-06-10,3.999,4.041,3.978,4.041,
CSGP,2010-06-11,3.997,4.067,3.997,4.064,
CSGP,2010-06-14,4.105,4.141,4.044,4.047,
CSGP,2010-06-15,4.087,4.125,4.049,4.108,
CSGP,2010-06-16,4.078,4.138,4.068,4.1,
CSGP,2010-06-17,4.097,4.142,4.081,4.106,
CSGP,2010-06-18,4.12,4.137,4.076,4.1,
CSGP,2010-06-21,4.158,4.199,4.046,4.059,
CSGP,2010-06-22,4.085,4.12,4.031,4.046,
CSGP,2010-06-23,4.033,4.064,3.985,4.024,
CSGP,2010-06-24,3.994,4.049,3.986,4.017,
CSGP,2010-06-25,4.041,4.11,4.004,4.077,
CSGP,2010-06-28,4.09,4.13,4.041,4.094,
CSGP,2010-06-29,4.025,4.025,3.897,3.925,
CSGP,2010-06-30,3.929,3.965,3.877,3.88,
CSGP,2010-07-01,3.88,3.891,3.755,3.873,
CSGP,2010-07-02,3.903,3.903,3.812,3.815,
CSGP,2010-07-06,3.882,3.905,3.75,3.766,
CSGP,2010-07-07,3.791,3.846,3.751,3.844,
CSGP,2010-07-08,3.862,3.912,3.86,3.91,
CSGP,2010-07-09,3.911,3.938,3.854,3.919,
CSGP,2010-07-12,3.907,3.945,3.86,3.873,
CSGP,2010-07-13,3.925,4.023,3.894,4.013,
CSGP,2010-07-14,3.989,4.054,3.969,4.043,
CSGP,2010-07-15,4.043,4.05,3.979,4.021,
CSGP,2010-07-16,3.981,4.062,3.925,3.933,
CSGP,2010-07-19,3.934,3.993,3.883,3.99,
CSGP,2010-07-20,3.94,4.029,3.93,4.016,
CSGP,2010-07-21,4.045,4.063,3.969,3.973,
CSGP,2010-07-22,4.04,4.26,3.941,4.242,
CSGP,2010-07-23,4.213,4.431,4.213,4.424,
CSGP,2010-07-26,4.434,4.523,4.412,4.519,
CSGP,2010-07-27,4.537,4.544,4.501,4.52,
CSGP,2010-07-28,4.532,4.55,4.453,4.459,
CSGP,2010-07-29,4.483,4.495,4.316,4.351,
CSGP,2010-07-30,4.3,4.406,4.292,4.383,
CSGP,2010-08-02,4.429,4.479,4.362,4.459,
CSGP,2010-08-03,4.446,4.495,4.399,4.408,
CSGP,2010-08-04,4.422,4.454,4.394,4.445,
CSGP,2010-08-05,4.399,4.476,4.31,4.385,
CSGP,2010-08-06,4.33,4.401,4.279,4.376,
CSGP,2010-08-09,4.411,4.492,4.391,4.491,
CSGP,2010-08-10,4.445,4.472,4.371,4.417,
CSGP,2010-08-11,4.344,4.368,4.265,4.274,
CSGP,2010-08-12,4.247,4.288,4.191,4.263,
CSGP,2010-08-13,4.236,4.262,4.189,4.221,
CSGP,2010-08-16,4.187,4.253,4.182,4.228,
CSGP,2010-08-17,4.248,4.336,4.248,4.282,
CSGP,2010-08-18,4.273,4.3,4.23,4.261,
CSGP,2010-08-19,4.233,4.285,4.178,4.181,
CSGP,2010-08-20,4.174,4.205,4.154,4.176,
CSGP,2010-08-23,4.195,4.195,4.133,4.135,
CSGP,2010-08-24,4.113,4.213,4.074,4.162,
CSGP,2010-08-25,4.139,4.185,4.084,4.176,
CSGP,2010-08-26,4.188,4.221,4.157,4.158,
CSGP,2010-08-27,4.203,4.3,4.155,4.299,
CSGP,2010-08-30,4.28,4.346,4.18,4.182,
CSGP,2010-08-31,4.174,4.211,4.118,4.127,
CSGP,2010-09-01,4.199,4.294,4.178,4.277,
CSGP,2010-09-02,4.279,4.35,4.264,4.341,
CSGP,2010-09-03,4.388,4.437,4.356,4.402,
CSGP,2010-09-07,4.394,4.394,4.263,4.278,
CSGP,2010-09-08,4.3,4.333,4.287,4.33,
CSGP,2010-09-09,4.361,4.397,4.344,4.38,
CSGP,2010-09-10,4.382,4.41,4.357,4.388,
CSGP,2010-09-13,4.434,4.526,4.361,4.514,
CSGP,2010-09-14,4.5,4.544,4.471,4.511,
CSGP,2010-09-15,4.498,4.54,4.48,4.519,
CSGP,2010-09-16,4.512,4.53,4.438,4.523,
CSGP,2010-09-17,4.52,4.579,4.472,4.563,
CSGP,2010-09-20,4.57,4.757,4.57,4.752,
CSGP,2010-09-21,4.753,4.786,4.73,4.742,
CSGP,2010-09-22,4.716,4.751,4.617,4.694,
CSGP,2010-09-23,4.647,4.687,4.608,4.633,
CSGP,2010-09-24,4.7,4.859,4.678,4.845,
CSGP,2010-09-27,4.839,4.848,4.773,4.839,
CSGP,2010-09-28,4.848,4.927,4.776,4.919,
CSGP,2010-09-29,4.881,4.958,4.881,4.953,
CSGP,2010-09-30,4.945,4.981,4.815,4.871,
CSGP,2010-10-01,4.921,4.965,4.843,4.935,
CSGP,2010-10-04,4.9,4.941,4.867,4.898,
CSGP,2010-10-05,4.93,4.976,4.911,4.975,
CSGP,2010-10-06,4.947,4.972,4.895,4.921,
CSGP,2010-10-07,4.951,4.958,4.895,4.912,
CSGP,2010-10-08,4.911,4.966,4.884,4.931,
CSGP,2010-10-11,4.928,4.939,4.881,4.906,
CSGP,2010-10-12,4.883,4.906,4.84,4.886,
CSGP,2010-10-13,4.908,5.045,4.9,5.028,
CSGP,2010-10-14,5.012,5.098,5.004,5.074,
CSGP,2010-10-15,5.085,5.287,5.08,5.176,
CSGP,2010-10-18,5.185,5.228,5.109,5.18,
CSGP,2010-10-19,5.101,5.16,5.075,5.106,
CSGP,2010-10-20,5.147,5.189,5.122,5.155,
CSGP,2010-10-21,5.197,5.197,4.934,5.065,
CSGP,2010-10-22,5.055,5.058,4.963,5.004,
CSGP,2010-10-25,5.034,5.065,5.0,5.041,
CSGP,2010-10-26,5.024,5.048,5.009,5.025,
CSGP,2010-10-27,4.998,5.025,4.96,5.005,
CSGP,2010-10-28,5.055,5.096,4.984,4.996,
CSGP,2010-10-29,4.97,5.089,4.963,4.966,
CSGP,2010-11-01,4.989,5.03,4.879,4.918,
CSGP,2010-11-02,4.95,5.037,4.926,5.037,
CSGP,2010-11-03,5.039,5.049,4.952,5.042,
CSGP,2010-11-04,5.1,5.184,5.075,5.182,
CSGP,2010-11-05,5.195,5.3,5.195,5.291,
CSGP,2010-11-08,5.256,5.35,5.256,5.335,
CSGP,2010-11-09,5.356,5.36,5.244,5.265,
CSGP,2010-11-10,5.259,5.38,5.24,5.378,
CSGP,2010-11-11,5.1,5.296,5.1,5.21,
CSGP,2010-11-12,5.156,5.23,5.156,5.194,
CSGP,2010-11-15,5.216,5.246,5.184,5.19,
CSGP,2010-11-16,5.14,5.183,5.102,5.166,
CSGP,2010-11-17,5.179,5.182,5.109,5.129,
CSGP,2010-11-18,5.191,5.2,5.136,5.151,"[""Small-Cap Funds for the Recovery"", ""Small-Cap Funds for the Recovery"", ""Small-Cap Funds for the Recovery"", ""Small-Cap Funds for the Recovery"", ""Small-Cap Funds for the Recovery"", ""Small-Cap Funds for the Recovery""]"
CSGP,2010-11-19,5.154,5.174,5.128,5.149,
CSGP,2010-11-22,5.226,5.238,5.15,5.228,
CSGP,2010-11-23,5.176,5.207,5.1,5.168,
CSGP,2010-11-24,5.173,5.301,5.14,5.301,
CSGP,2010-11-26,5.26,5.325,5.26,5.306,
CSGP,2010-11-29,5.257,5.316,5.196,5.294,
CSGP,2010-11-30,5.239,5.299,5.184,5.274,
CSGP,2010-12-01,5.351,5.453,5.257,5.434,
CSGP,2010-12-02,5.434,5.502,5.429,5.451,
CSGP,2010-12-03,5.427,5.463,5.425,5.458,
CSGP,2010-12-06,5.44,5.562,5.416,5.537,
CSGP,2010-12-07,5.587,5.736,5.567,5.667,
CSGP,2010-12-08,5.675,5.703,5.55,5.575,
CSGP,2010-12-09,5.633,5.633,5.494,5.543,
CSGP,2010-12-10,5.575,5.618,5.537,5.584,
CSGP,2010-12-13,5.596,5.638,5.521,5.521,
CSGP,2010-12-14,5.555,5.602,5.49,5.507,
CSGP,2010-12-15,5.487,5.523,5.457,5.48,
CSGP,2010-12-16,5.527,5.527,5.428,5.45,
CSGP,2010-12-17,5.461,5.51,5.445,5.486,
CSGP,2010-12-20,5.461,5.54,5.46,5.519,
CSGP,2010-12-21,5.527,5.584,5.496,5.555,
CSGP,2010-12-22,5.571,5.631,5.571,5.603,
CSGP,2010-12-23,5.643,5.646,5.536,5.545,
CSGP,2010-12-27,5.53,5.61,5.5,5.6,
CSGP,2010-12-28,5.6,5.706,5.555,5.697,
CSGP,2010-12-29,5.7,5.76,5.698,5.744,
CSGP,2010-12-30,5.729,5.8,5.703,5.775,
CSGP,2010-12-31,5.766,5.784,5.732,5.756,
CSGP,2011-01-03,5.807,5.861,5.782,5.829,
CSGP,2011-01-04,5.869,5.872,5.75,5.858,
CSGP,2011-01-05,5.859,5.922,5.817,5.888,
CSGP,2011-01-06,5.881,5.92,5.835,5.883,
CSGP,2011-01-07,5.901,5.929,5.789,5.866,
CSGP,2011-01-10,5.829,5.936,5.802,5.918,
CSGP,2011-01-11,5.936,5.985,5.919,5.925,
CSGP,2011-01-12,5.981,5.981,5.862,5.882,
CSGP,2011-01-13,5.834,5.895,5.795,5.83,
CSGP,2011-01-14,5.836,5.997,5.813,5.974,
CSGP,2011-01-18,5.96,6.007,5.921,6.002,
CSGP,2011-01-19,6.01,6.01,5.822,5.826,
CSGP,2011-01-20,5.789,5.798,5.718,5.733,
CSGP,2011-01-21,5.749,5.809,5.666,5.676,
CSGP,2011-01-24,5.713,5.745,5.634,5.719,
CSGP,2011-01-25,5.685,5.75,5.643,5.736,
CSGP,2011-01-26,5.757,5.896,5.752,5.825,
CSGP,2011-01-27,5.817,5.817,5.746,5.784,
CSGP,2011-01-28,5.787,5.787,5.629,5.63,
CSGP,2011-01-31,5.64,5.66,5.551,5.628,
CSGP,2011-02-01,5.65,5.822,5.607,5.806,
CSGP,2011-02-02,5.787,5.885,5.78,5.812,
CSGP,2011-02-03,5.723,5.878,5.714,5.831,
CSGP,2011-02-04,5.817,5.839,5.756,5.794,
CSGP,2011-02-07,5.79,5.888,5.79,5.84,
CSGP,2011-02-08,5.822,5.874,5.779,5.867,
CSGP,2011-02-09,5.853,5.886,5.75,5.758,
CSGP,2011-02-10,5.73,5.818,5.73,5.803,
CSGP,2011-02-11,5.788,5.906,5.788,5.906,
CSGP,2011-02-14,5.899,5.978,5.886,5.922,
CSGP,2011-02-15,5.922,5.96,5.9,5.916,
CSGP,2011-02-16,5.954,6.134,5.9,6.101,
CSGP,2011-02-17,6.1,6.13,6.04,6.13,
CSGP,2011-02-18,6.133,6.141,6.054,6.106,
CSGP,2011-02-22,6.0,6.096,5.966,5.983,"[""CoStar Completes $101M Sale of Headquarters Building in Washington, D.C."", ""CoStar Completes $101M Sale of Headquarters Building in Washington, D.C."", ""CoStar Completes $101M Sale of Headquarters Building in Washington, D.C.""]"
CSGP,2011-02-23,5.932,5.984,5.848,5.858,
CSGP,2011-02-24,5.7,5.727,5.457,5.651,
CSGP,2011-02-25,5.629,5.733,5.629,5.723,
CSGP,2011-02-28,5.773,5.776,5.63,5.667,
CSGP,2011-03-01,5.701,5.75,5.55,5.586,
CSGP,2011-03-02,5.683,5.683,5.569,5.631,
CSGP,2011-03-03,5.795,5.798,5.644,5.763,
CSGP,2011-03-04,5.777,5.782,5.658,5.716,
CSGP,2011-03-07,5.731,5.744,5.59,5.672,
CSGP,2011-03-08,5.678,5.79,5.594,5.725,
CSGP,2011-03-09,5.72,5.788,5.688,5.719,
CSGP,2011-03-10,5.643,5.643,5.563,5.585,
CSGP,2011-03-11,5.574,5.649,5.542,5.621,
CSGP,2011-03-14,5.646,5.652,5.562,5.621,
CSGP,2011-03-15,5.55,5.73,5.541,5.669,
CSGP,2011-03-16,5.65,5.791,5.565,5.596,
CSGP,2011-03-17,5.692,5.692,5.553,5.558,
CSGP,2011-03-18,5.602,5.768,5.6,5.748,
CSGP,2011-03-21,5.801,5.984,5.787,5.938,
CSGP,2011-03-22,5.977,5.977,5.884,5.914,"[""Deutsche Bank Maintains Sell on CoStar Group (CSGP)"", ""Deutsche Bank Maintains Sell on CoStar Group (CSGP)"", ""Deutsche Bank Maintains Sell on CoStar Group (CSGP)""]"
CSGP,2011-03-23,5.908,5.924,5.849,5.913,
CSGP,2011-03-24,5.915,6.0,5.864,5.898,"[""Jones Lang LaSalle Signs New Enterprise Agreement to Expand Use of CoStar Group's Comprehensive Commercial Property Information"", ""Jones Lang LaSalle Signs New Enterprise Agreement to Expand Use of CoStar Group's Comprehensive Commercial Property Information"", ""Jones Lang LaSalle Signs New Enterprise Agreement to Expand Use of CoStar Group's Comprehensive Commercial Property Information""]"
CSGP,2011-03-25,5.861,6.072,5.861,6.035,
CSGP,2011-03-28,6.04,6.1,5.97,6.011,
CSGP,2011-03-29,6.006,6.231,5.991,6.183,
CSGP,2011-03-30,6.174,6.291,6.141,6.289,
CSGP,2011-03-31,6.269,6.325,6.247,6.268,
CSGP,2011-04-01,6.32,6.346,6.282,6.301,
CSGP,2011-04-04,6.305,6.406,6.305,6.338,
CSGP,2011-04-05,6.339,6.339,6.246,6.263,
CSGP,2011-04-06,6.305,6.394,6.235,6.293,
CSGP,2011-04-07,6.307,6.347,6.22,6.237,
CSGP,2011-04-08,6.287,6.287,6.091,6.119,
CSGP,2011-04-11,6.126,6.142,6.093,6.107,
CSGP,2011-04-12,6.086,6.091,6.023,6.057,
CSGP,2011-04-13,6.103,6.119,5.997,6.025,
CSGP,2011-04-14,6.007,6.083,5.961,6.069,
CSGP,2011-04-15,6.087,6.172,6.026,6.16,
CSGP,2011-04-18,6.051,6.077,6.014,6.034,
CSGP,2011-04-19,6.061,6.077,5.958,5.996,
CSGP,2011-04-20,6.071,6.128,6.058,6.1,
CSGP,2011-04-21,6.153,6.157,6.043,6.083,
CSGP,2011-04-25,6.048,6.076,5.929,6.0,
CSGP,2011-04-26,6.025,6.07,5.957,6.025,
CSGP,2011-04-27,6.02,6.145,5.963,6.138,"[""CoStar Group to Acquire LoopNet for $16.50 in Cash and 0.03702 Shares (CSGP, LOOP)"", ""CoStar Group to Acquire LoopNet for $16.50 in Cash and 0.03702 Shares (CSGP, LOOP)"", ""CoStar Group to Acquire LoopNet for $16.50 in Cash and 0.03702 Shares (CSGP, LOOP)""]"
CSGP,2011-04-28,6.009,6.609,5.963,6.505,"[""CEOWORLD Top 10 most active stocks on 28 April- CEG, SBUX, NTRI, AKAM, REGN, CTXS, EQIX, ALL, BIDU, LOOP"", ""Top after-market NASDAQ Stock gainers- NEWP, CBST, FTNT, WIRE, CTXS, SCEI, CSGP, VTAL, LOOP, INSP, NTRI"", ""Morning Market Movers (KENT, VTAL, HRZ, LOOP)"", ""Benzinga's Volume Movers (LOOP, AVEO, REDF, SFLY)"", ""Top Percentage Gainers and Losers as of 12pm 4/28/11 (LOOP, CSGP, GFRE, CRR, FTNT, HRZ, OMX, HHS, TER, AKAM, FOE)"", ""Gainers on Thursday to Watch on Friday"", ""Top Percentage Gainers and Losers as of 2pm 4/28/11 (LOOP, CSGP, GFRE, VCI, CRR, PACR, SCEI, OMX, HHS, TDSC, AKAM)"", ""Top Percentage Gainers and Losers as of 2pm 4/28/11 (LOOP, CSGP, GFRE, VCI, CRR, PACR, SCEI, OMX, HHS, TDSC, AKAM)"", ""Gainers on Thursday to Watch on Friday"", ""Top Percentage Gainers and Losers as of 12pm 4/28/11 (LOOP, CSGP, GFRE, CRR, FTNT, HRZ, OMX, HHS, TER, AKAM, FOE)"", ""Benzinga's Volume Movers (LOOP, AVEO, REDF, SFLY)"", ""Morning Market Movers (KENT, VTAL, HRZ, LOOP)"", ""Top after-market NASDAQ Stock gainers- NEWP, CBST, FTNT, WIRE, CTXS, SCEI, CSGP, VTAL, LOOP, INSP, NTRI"", ""CEOWORLD Top 10 most active stocks on 28 April- CEG, SBUX, NTRI, AKAM, REGN, CTXS, EQIX, ALL, BIDU, LOOP"", ""Top Percentage Gainers and Losers as of 2pm 4/28/11 (LOOP, CSGP, GFRE, VCI, CRR, PACR, SCEI, OMX, HHS, TDSC, AKAM)"", ""Gainers on Thursday to Watch on Friday"", ""Top Percentage Gainers and Losers as of 12pm 4/28/11 (LOOP, CSGP, GFRE, CRR, FTNT, HRZ, OMX, HHS, TER, AKAM, FOE)"", ""Benzinga's Volume Movers (LOOP, AVEO, REDF, SFLY)"", ""Morning Market Movers (KENT, VTAL, HRZ, LOOP)"", ""Top after-market NASDAQ Stock gainers- NEWP, CBST, FTNT, WIRE, CTXS, SCEI, CSGP, VTAL, LOOP, INSP, NTRI"", ""CEOWORLD Top 10 most active stocks on 28 April- CEG, SBUX, NTRI, AKAM, REGN, CTXS, EQIX, ALL, BIDU, LOOP""]"
CSGP,2011-04-29,6.505,6.82,6.35,6.801,"[""Company News for April 29, 2011 - Corporate Summary"", ""Company News for April 29, 2011 - Corporate Summary"", ""Company News for April 29, 2011 - Corporate Summary""]"
CSGP,2011-05-02,6.807,6.918,6.772,6.79,
CSGP,2011-05-03,6.735,6.826,6.68,6.795,
CSGP,2011-05-04,6.826,6.907,6.788,6.84,
CSGP,2011-05-05,6.825,6.894,6.698,6.83,
CSGP,2011-05-06,6.85,6.909,6.805,6.867,
CSGP,2011-05-09,6.863,6.956,6.808,6.948,
CSGP,2011-05-10,6.938,7.125,6.938,7.075,
CSGP,2011-05-11,7.064,7.076,6.958,7.07,
CSGP,2011-05-12,7.02,7.285,6.973,7.284,
CSGP,2011-05-13,7.343,7.343,7.128,7.175,"[""CEOWORLD Top Computer Services Stocks on 5/13/11- ZANE, MCHX, DTLK, GKNT, QIHU, CASS, MAIL, HSTM, REDF, INTX, ONSM\u2026"", ""CEOWORLD Top Computer Services Stocks on 5/13/11- ZANE, MCHX, DTLK, GKNT, QIHU, CASS, MAIL, HSTM, REDF, INTX, ONSM\u2026"", ""CEOWORLD Top Computer Services Stocks on 5/13/11- ZANE, MCHX, DTLK, GKNT, QIHU, CASS, MAIL, HSTM, REDF, INTX, ONSM\u2026""]"
CSGP,2011-05-16,7.119,7.135,6.998,7.0,
CSGP,2011-05-17,6.96,6.996,6.856,6.887,
CSGP,2011-05-18,6.9,6.913,6.827,6.858,
CSGP,2011-05-19,6.874,6.924,6.815,6.852,
CSGP,2011-05-20,6.811,6.858,6.754,6.773,
CSGP,2011-05-23,6.647,6.647,6.45,6.46,
CSGP,2011-05-24,6.485,6.496,6.349,6.362,
CSGP,2011-05-25,6.303,6.338,6.081,6.153,
CSGP,2011-05-26,5.985,6.286,5.971,6.275,"[""CoStar Group Offers 3.75M Shares at $60/Share"", ""Benzinga's Top Pre-Market NASDAQ Losers"", ""Benzinga's Top Pre-Market NASDAQ Losers"", ""CoStar Group Offers 3.75M Shares at $60/Share"", ""Benzinga's Top Pre-Market NASDAQ Losers"", ""CoStar Group Offers 3.75M Shares at $60/Share""]"
CSGP,2011-05-27,6.22,6.41,6.22,6.316,
CSGP,2011-05-31,6.359,6.425,6.164,6.31,
CSGP,2011-06-01,6.3,6.304,6.102,6.102,
CSGP,2011-06-02,6.148,6.157,6.0,6.023,
CSGP,2011-06-03,5.931,5.955,5.835,5.93,
CSGP,2011-06-06,5.937,6.015,5.857,5.866,"[""CoStar Group and NAI Global Sign Multi-Year Incentive Agreement for U.S. Brokerage Operations"", ""CoStar Group and NAI Global Sign Multi-Year Incentive Agreement for U.S. Brokerage Operations"", ""CoStar Group and NAI Global Sign Multi-Year Incentive Agreement for U.S. Brokerage Operations""]"
CSGP,2011-06-07,5.935,5.972,5.832,5.859,
CSGP,2011-06-08,5.832,5.899,5.783,5.85,
CSGP,2011-06-09,5.879,5.93,5.817,5.914,
CSGP,2011-06-10,5.869,5.932,5.71,5.733,
CSGP,2011-06-13,5.778,5.858,5.692,5.712,
CSGP,2011-06-14,5.783,5.89,5.783,5.868,
CSGP,2011-06-15,5.825,5.842,5.71,5.722,
CSGP,2011-06-16,5.73,5.85,5.636,5.818,
CSGP,2011-06-17,5.853,5.853,5.712,5.786,
CSGP,2011-06-20,5.75,5.809,5.714,5.748,
CSGP,2011-06-21,5.783,5.84,5.765,5.8,
CSGP,2011-06-22,5.765,5.816,5.737,5.74,
CSGP,2011-06-23,5.688,5.752,5.58,5.716,
CSGP,2011-06-24,5.71,5.753,5.561,5.586,
CSGP,2011-06-27,5.589,5.744,5.526,5.706,
CSGP,2011-06-28,5.717,5.8,5.684,5.775,
CSGP,2011-06-29,5.798,5.827,5.725,5.809,
CSGP,2011-06-30,5.819,6.03,5.71,5.928,
CSGP,2011-07-01,5.938,5.938,5.824,5.925,
CSGP,2011-07-05,5.935,5.992,5.915,5.95,
CSGP,2011-07-06,5.952,5.985,5.799,5.92,
CSGP,2011-07-07,5.979,5.979,5.915,5.924,
CSGP,2011-07-08,5.847,5.892,5.821,5.883,
CSGP,2011-07-11,5.858,5.865,5.744,5.782,
CSGP,2011-07-12,5.761,5.845,5.744,5.818,
CSGP,2011-07-13,5.844,5.874,5.812,5.858,
CSGP,2011-07-14,5.831,5.858,5.697,5.705,
CSGP,2011-07-15,5.715,5.767,5.612,5.665,
CSGP,2011-07-18,5.649,5.649,5.519,5.56,
CSGP,2011-07-19,5.592,5.731,5.555,5.721,
CSGP,2011-07-20,5.737,5.744,5.621,5.692,
CSGP,2011-07-21,5.731,5.816,5.667,5.789,
CSGP,2011-07-22,5.781,5.836,5.742,5.811,
CSGP,2011-07-25,5.755,5.812,5.746,5.777,
CSGP,2011-07-26,5.788,5.822,5.714,5.802,
CSGP,2011-07-27,5.788,5.856,5.66,5.7,"[""CoStar Group Q2 EPS of $0.33 vs. $0.22 Est; Revenues $62.1M vs. $60.70M Est"", ""CoStar Group Q2 EPS of $0.33 vs. $0.22 Est; Revenues $62.1M vs. $60.70M Est"", ""CoStar Group Q2 EPS of $0.33 vs. $0.22 Est; Revenues $62.1M vs. $60.70M Est""]"
CSGP,2011-07-28,5.74,5.948,5.74,5.866,"[""Morgan Stanley Lowers Estimates on CoStar Group"", ""Morgan Stanley Lowers Estimates on CoStar Group"", ""Morgan Stanley Lowers Estimates on CoStar Group""]"
CSGP,2011-07-29,5.818,5.945,5.81,5.876,
CSGP,2011-08-01,5.978,6.039,5.85,5.904,
CSGP,2011-08-02,5.878,5.941,5.719,5.723,
CSGP,2011-08-03,5.751,5.803,5.613,5.734,
CSGP,2011-08-04,5.643,5.678,5.559,5.563,
CSGP,2011-08-05,5.628,5.739,5.464,5.596,
CSGP,2011-08-08,5.38,5.584,5.186,5.186,
CSGP,2011-08-09,5.302,5.43,4.859,5.028,
CSGP,2011-08-10,4.924,4.926,4.689,4.695,
CSGP,2011-08-11,4.719,4.867,4.7,4.821,
CSGP,2011-08-12,4.861,4.951,4.745,4.931,
CSGP,2011-08-15,4.987,5.132,4.948,5.132,
CSGP,2011-08-16,5.087,5.209,5.027,5.158,
CSGP,2011-08-17,5.189,5.195,5.09,5.126,
CSGP,2011-08-18,4.973,4.973,4.702,4.742,
CSGP,2011-08-19,4.671,4.867,4.668,4.765,
CSGP,2011-08-22,4.72,4.943,4.641,4.67,
CSGP,2011-08-23,4.668,4.895,4.668,4.89,
CSGP,2011-08-24,4.787,4.977,4.781,4.921,
CSGP,2011-08-25,4.882,4.962,4.723,4.741,
CSGP,2011-08-26,4.702,4.849,4.698,4.83,
CSGP,2011-08-29,4.9,5.04,4.806,5.009,
CSGP,2011-08-30,4.968,5.05,4.836,5.013,
CSGP,2011-08-31,5.054,5.123,4.949,5.118,
CSGP,2011-09-01,5.026,5.207,5.026,5.061,
CSGP,2011-09-02,4.871,4.984,4.831,4.836,
CSGP,2011-09-06,4.791,4.886,4.732,4.873,
CSGP,2011-09-07,4.898,5.161,4.864,5.144,
CSGP,2011-09-08,5.105,5.174,5.022,5.074,
CSGP,2011-09-09,5.021,5.033,4.805,4.919,
CSGP,2011-09-12,4.833,5.005,4.833,4.999,
CSGP,2011-09-13,5.008,5.134,5.001,5.098,
CSGP,2011-09-14,5.134,5.281,5.004,5.21,
CSGP,2011-09-15,5.31,5.376,5.226,5.356,"[""Morgan Stanley Upgrades CoStar Group To Equal-weight, Removes PT"", ""Morgan Stanley Upgrades CoStar Group To Equal-weight, Removes PT"", ""Morgan Stanley Upgrades CoStar Group To Equal-weight, Removes PT""]"
CSGP,2011-09-16,5.403,5.45,5.342,5.418,
CSGP,2011-09-19,5.323,5.413,5.286,5.404,
CSGP,2011-09-20,5.398,5.582,5.381,5.406,
CSGP,2011-09-21,5.396,5.458,5.187,5.198,
CSGP,2011-09-22,5.039,5.159,4.937,5.054,
CSGP,2011-09-23,5.051,5.114,4.972,5.096,
CSGP,2011-09-26,5.137,5.154,4.956,5.153,
CSGP,2011-09-27,5.268,5.508,5.242,5.401,
CSGP,2011-09-28,5.39,5.399,5.139,5.14,
CSGP,2011-09-29,5.349,5.349,5.047,5.22,
CSGP,2011-09-30,5.12,5.261,5.12,5.197,
CSGP,2011-10-03,5.187,5.245,4.921,4.922,
CSGP,2011-10-04,4.888,5.222,4.871,5.218,
CSGP,2011-10-05,5.22,5.362,5.155,5.218,
CSGP,2011-10-06,5.233,5.237,5.146,5.204,
CSGP,2011-10-07,5.229,5.305,5.068,5.142,
CSGP,2011-10-10,5.227,5.284,5.174,5.256,
CSGP,2011-10-11,5.12,5.366,5.12,5.329,
CSGP,2011-10-12,5.351,5.473,5.326,5.432,
CSGP,2011-10-13,5.405,5.482,5.33,5.439,
CSGP,2011-10-14,5.491,5.589,5.429,5.567,
CSGP,2011-10-17,5.502,5.523,5.349,5.376,
CSGP,2011-10-18,5.398,5.62,5.339,5.59,
CSGP,2011-10-19,5.583,5.654,5.435,5.471,
CSGP,2011-10-20,5.485,5.485,5.305,5.461,
CSGP,2011-10-21,5.529,5.612,5.498,5.599,
CSGP,2011-10-24,5.615,5.8,5.602,5.785,
CSGP,2011-10-25,5.734,5.763,5.616,5.629,
CSGP,2011-10-26,5.755,5.843,5.556,5.803,"[""CoStar Reports Q3 EPS $0.28 May Not be Comparable to $0.00 Est"", ""CoStar Group Boosts Forecast; Guides Q3 Revenue $65-66M vs $64.81M Est; 2011 EPS $1.18-1.22 May Not be Comparable to $0.48 Est"", ""CoStar Group Acquires Atlanta-Based Virtual Premise; Deal Valued at Roughly $17M"", ""CoStar Group Acquires Atlanta-Based Virtual Premise; Deal Valued at Roughly $17M"", ""CoStar Group Boosts Forecast; Guides Q3 Revenue $65-66M vs $64.81M Est; 2011 EPS $1.18-1.22 May Not be Comparable to $0.48 Est"", ""CoStar Reports Q3 EPS $0.28 May Not be Comparable to $0.00 Est"", ""CoStar Group Acquires Atlanta-Based Virtual Premise; Deal Valued at Roughly $17M"", ""CoStar Group Boosts Forecast; Guides Q3 Revenue $65-66M vs $64.81M Est; 2011 EPS $1.18-1.22 May Not be Comparable to $0.48 Est"", ""CoStar Reports Q3 EPS $0.28 May Not be Comparable to $0.00 Est""]"
CSGP,2011-10-27,6.027,6.43,5.848,6.389,"[""CoStar Group Inc. Reports Operating Results (10-Q)"", ""CoStar Group Inc. Reports Operating Results (10-Q)"", ""CoStar Group Inc. Reports Operating Results (10-Q)""]"
CSGP,2011-10-28,6.392,6.441,6.214,6.242,
CSGP,2011-10-31,6.155,6.26,6.09,6.153,
CSGP,2011-11-01,5.901,6.126,5.83,5.954,
CSGP,2011-11-02,6.031,6.222,6.018,6.198,
CSGP,2011-11-03,6.263,6.409,6.123,6.395,
CSGP,2011-11-04,6.301,6.391,6.182,6.354,
CSGP,2011-11-07,6.359,6.425,6.263,6.4,
CSGP,2011-11-08,6.436,6.485,6.28,6.456,
CSGP,2011-11-09,6.301,6.333,6.145,6.154,
CSGP,2011-11-10,6.259,6.273,6.096,6.148,
CSGP,2011-11-11,6.223,6.34,6.192,6.233,
CSGP,2011-11-14,6.216,6.342,6.172,6.3,
CSGP,2011-11-15,6.335,6.449,6.217,6.423,
CSGP,2011-11-16,6.343,6.458,6.267,6.296,
CSGP,2011-11-17,6.281,6.355,6.222,6.271,
CSGP,2011-11-18,6.236,6.315,6.186,6.268,
CSGP,2011-11-21,6.155,6.192,5.999,6.003,
CSGP,2011-11-22,6.007,6.061,5.922,5.932,
CSGP,2011-11-23,5.857,5.916,5.752,5.859,
CSGP,2011-11-25,5.841,5.916,5.808,5.809,
CSGP,2011-11-28,6.008,6.347,5.856,6.347,
CSGP,2011-11-29,6.348,6.438,6.307,6.362,
CSGP,2011-11-30,6.603,6.664,6.551,6.654,
CSGP,2011-12-01,6.617,6.8,6.585,6.658,
CSGP,2011-12-02,6.703,6.784,6.634,6.657,
CSGP,2011-12-05,6.753,6.791,6.657,6.708,
CSGP,2011-12-06,6.689,6.73,6.572,6.649,
CSGP,2011-12-07,6.589,6.619,6.512,6.602,
CSGP,2011-12-08,6.554,6.687,6.433,6.447,
CSGP,2011-12-09,6.521,6.727,6.446,6.686,
CSGP,2011-12-12,6.585,6.644,6.476,6.519,"[""CoStar Signs Corporate Real Estate Firm UGL Services to Multi-Year Agreement"", ""CoStar Signs Corporate Real Estate Firm UGL Services to Multi-Year Agreement"", ""CoStar Signs Corporate Real Estate Firm UGL Services to Multi-Year Agreement""]"
CSGP,2011-12-13,6.564,6.637,6.42,6.472,
CSGP,2011-12-14,6.397,6.459,6.25,6.258,
CSGP,2011-12-15,6.325,6.388,6.325,6.383,
CSGP,2011-12-16,6.45,6.512,6.395,6.467,
CSGP,2011-12-19,6.522,6.552,6.384,6.535,
CSGP,2011-12-20,6.579,6.862,6.552,6.839,
CSGP,2011-12-21,6.849,6.849,6.526,6.651,
CSGP,2011-12-22,6.846,6.846,6.578,6.652,
CSGP,2011-12-23,6.654,6.775,6.643,6.704,
CSGP,2011-12-27,6.651,6.712,6.636,6.675,
CSGP,2011-12-28,6.612,6.662,6.551,6.575,
CSGP,2011-12-29,6.599,6.753,6.588,6.689,
CSGP,2011-12-30,6.685,6.731,6.636,6.673,
CSGP,2012-01-03,6.824,6.832,6.543,6.588,
CSGP,2012-01-04,6.579,6.602,6.359,6.39,
CSGP,2012-01-05,6.4,6.454,6.245,6.315,
CSGP,2012-01-06,6.33,6.33,6.211,6.238,
CSGP,2012-01-09,6.278,6.278,6.117,6.137,
CSGP,2012-01-10,6.219,6.243,6.191,6.2,
CSGP,2012-01-11,6.167,6.209,6.146,6.189,
CSGP,2012-01-12,6.206,6.231,6.13,6.198,
CSGP,2012-01-13,6.145,6.228,6.112,6.157,
CSGP,2012-01-17,6.158,6.291,6.086,6.135,
CSGP,2012-01-18,6.07,6.245,6.07,6.218,
CSGP,2012-01-19,6.221,6.312,6.149,6.155,
CSGP,2012-01-20,6.109,6.139,6.045,6.06,
CSGP,2012-01-23,6.052,6.084,5.993,6.03,
CSGP,2012-01-24,6.017,6.034,5.992,6.013,
CSGP,2012-01-25,6.022,6.028,5.936,5.999,
CSGP,2012-01-26,6.005,6.048,5.965,6.02,
CSGP,2012-01-27,5.991,6.07,5.952,6.034,
CSGP,2012-01-30,6.01,6.05,5.978,6.004,
CSGP,2012-01-31,6.022,6.039,5.666,5.667,
CSGP,2012-02-01,5.749,5.765,5.613,5.687,
CSGP,2012-02-02,5.7,5.769,5.637,5.707,
CSGP,2012-02-03,5.799,5.957,5.797,5.922,
CSGP,2012-02-06,5.862,5.896,5.789,5.795,
CSGP,2012-02-07,5.825,5.862,5.773,5.817,
CSGP,2012-02-08,5.816,5.816,5.736,5.777,
CSGP,2012-02-09,5.795,5.829,5.723,5.805,
CSGP,2012-02-10,5.768,5.798,5.741,5.768,
CSGP,2012-02-13,5.727,5.876,5.727,5.875,
CSGP,2012-02-14,5.836,5.88,5.788,5.88,
CSGP,2012-02-15,5.895,5.895,5.801,5.849,
CSGP,2012-02-16,5.846,6.039,5.788,6.037,
CSGP,2012-02-17,6.037,6.05,5.931,5.945,
CSGP,2012-02-21,5.937,5.985,5.854,5.895,
CSGP,2012-02-22,5.857,5.928,5.649,5.82,"[""CoStar Group Reports Q4 EPS $0.20 vs $0.11 Est; Revenues $66.16M vs $65.54M Est"", ""CoStar Group Reports Q4 EPS $0.20 vs $0.11 Est; Revenues $66.16M vs $65.54M Est"", ""CoStar Group Reports Q4 EPS $0.20 vs $0.11 Est; Revenues $66.16M vs $65.54M Est""]"
CSGP,2012-02-23,6.04,6.1,5.99,6.037,"[""CoStar Group Inc. Reports Operating Results (10-K)"", ""CoStar Group Inc. Reports Operating Results (10-K)"", ""CoStar Group Inc. Reports Operating Results (10-K)""]"
CSGP,2012-02-24,6.032,6.097,5.972,6.074,
CSGP,2012-02-27,6.013,6.065,5.923,6.05,
CSGP,2012-02-28,6.052,6.084,6.002,6.076,
CSGP,2012-02-29,6.105,6.146,5.998,5.998,
CSGP,2012-03-01,6.005,6.088,5.974,6.085,
CSGP,2012-03-02,6.069,6.069,5.826,5.892,
CSGP,2012-03-05,5.852,5.937,5.831,5.892,
CSGP,2012-03-06,5.801,5.909,5.789,5.892,
CSGP,2012-03-07,5.848,6.136,5.848,6.018,
CSGP,2012-03-08,6.036,6.175,5.996,6.141,
CSGP,2012-03-09,6.121,6.32,6.121,6.252,
CSGP,2012-03-12,6.298,6.323,6.245,6.312,
CSGP,2012-03-13,6.36,6.535,6.36,6.535,
CSGP,2012-03-14,6.503,6.564,6.47,6.55,
CSGP,2012-03-15,6.545,6.673,6.503,6.667,
CSGP,2012-03-16,6.683,6.74,6.537,6.707,
CSGP,2012-03-19,6.675,6.781,6.64,6.73,
CSGP,2012-03-20,6.445,6.696,6.445,6.66,
CSGP,2012-03-21,6.69,6.736,6.646,6.727,
CSGP,2012-03-22,6.65,6.74,6.65,6.727,
CSGP,2012-03-23,6.747,6.843,6.698,6.836,
CSGP,2012-03-26,6.773,6.963,6.773,6.954,
CSGP,2012-03-27,6.938,6.974,6.9,6.908,
CSGP,2012-03-28,6.905,7.012,6.865,6.979,
CSGP,2012-03-29,6.916,7.015,6.862,6.986,
CSGP,2012-03-30,7.057,7.057,6.889,6.904,
CSGP,2012-04-02,6.9,6.968,6.838,6.954,
CSGP,2012-04-03,7.094,7.094,6.847,6.886,
CSGP,2012-04-04,6.803,6.971,6.799,6.948,
CSGP,2012-04-05,6.894,6.941,6.865,6.904,
CSGP,2012-04-09,6.764,6.891,6.732,6.849,
CSGP,2012-04-10,6.835,6.888,6.714,6.726,
CSGP,2012-04-11,6.794,6.833,6.703,6.785,
CSGP,2012-04-12,6.781,6.908,6.781,6.816,"[""A Multi-year Contract Win for ACXM - Analyst Blog"", ""A Multi-year Contract Win for ACXM - Analyst Blog"", ""A Multi-year Contract Win for ACXM - Analyst Blog Recently, Acxiom Corporation ( ACXM ) declared the winning of a multi-year contract for providing end-to-end services. The order came from New Jersey's biggest health insurance organization, Horizon Healthcare Services, Inc. Acxiom shall be providing a wide range of its advanced marketing and analytic services in order to develop personalized and interconnected marketing program systems for Horizon, catering to the betterment of the latter's vast health clientele. These services shall include InfoBase, Universal Patient Link ( UPL ), Acxiom Consumer Insights and proficient consultancy services for Horizon's present and potential customers. It is the global reputation along with expertise in providing end-to-end solutions that has made the company achieve this massive contract. Management had always retained its keen interest in technological advancements and come up with innovation-centric strategies in order to better serve its customers with state-of-the-art solutions. On Feb 16, 2012, ThinkVine added Acxiom to its Value Added Reseller ( VAR ) program. According to this agreement, Acxiom shall incorporate ThinkVine's ThinkAhead technology platform with the intent of ameliorating sales, achieving flexibility in marketing management and yielding better returns on its marketing investments. Such moves are encouraging considering the uncertainty still prevailing in the world economic scenario. However, Acxiom should be ever vigilant on performances of its competitors in the industry. Such ominous players include Camelot Information Systems Inc. ( CIS ), Costar Group, Inc. ( CSGP ) and Computer Task Group Inc. ( CTGX ). The company currently retains a Zacks #3 Rank, which translates into a short-term 'Hold' rating. We also maintain a long-term 'Neutral' recommendation on the stock. ACXIOM CORP ( ACXM ): Free Stock Analysis Report CAMELOT INF-ADS ( CIS ): Free Stock Analysis Report COSTAR GRP INC ( CSGP ): Free Stock Analysis Report COMP TASK (CTGX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""A Multi-year Contract Win for ACXM - Analyst Blog""]"
CSGP,2012-04-13,6.8,6.833,6.739,6.77,
CSGP,2012-04-16,6.77,6.837,6.72,6.789,
CSGP,2012-04-17,6.846,6.937,6.8,6.879,
CSGP,2012-04-18,6.956,7.324,6.921,7.212,
CSGP,2012-04-19,7.206,7.214,7.062,7.076,
CSGP,2012-04-20,7.097,7.182,7.063,7.1,
CSGP,2012-04-23,6.988,7.103,6.928,7.06,
CSGP,2012-04-24,7.047,7.13,6.96,7.008,
CSGP,2012-04-25,7.098,7.208,7.076,7.18,
CSGP,2012-04-26,7.194,7.341,7.153,7.281,
CSGP,2012-04-27,7.041,7.342,7.041,7.317,"[""CoStar Group Inc. Reports Operating Results (10-Q)"", ""CoStar Group Inc. Reports Operating Results (10-Q)"", ""CoStar Group Inc. Reports Operating Results (10-Q)""]"
CSGP,2012-04-30,7.365,7.365,7.273,7.289,
CSGP,2012-05-01,7.287,7.301,7.219,7.272,
CSGP,2012-05-02,7.196,7.246,7.133,7.15,
CSGP,2012-05-03,7.165,7.198,6.978,7.051,
CSGP,2012-05-04,7.02,7.098,6.996,7.051,
CSGP,2012-05-07,7.047,7.06,6.91,7.05,
CSGP,2012-05-08,6.884,6.953,6.814,6.931,
CSGP,2012-05-09,6.838,6.95,6.829,6.842,
CSGP,2012-05-10,6.892,7.006,6.857,7.005,
CSGP,2012-05-11,6.942,7.065,6.942,7.005,
CSGP,2012-05-14,6.962,7.023,6.887,6.981,"[""Unisys Launches New Application - Analyst Blog"", ""Unisys Launches New Application - Analyst Blog"", ""Unisys Launches New Application - Analyst Blog""]"
CSGP,2012-05-15,6.96,7.065,6.881,7.046,
CSGP,2012-05-16,7.06,7.103,7.051,7.075,
CSGP,2012-05-17,7.063,7.089,6.945,7.008,
CSGP,2012-05-18,6.991,7.048,6.888,6.917,
CSGP,2012-05-21,6.944,7.086,6.844,7.078,"[""CoStar Group Inc. (CSGP) President and CEO Andrew C Florance sells 27,745 Shares"", ""CoStar Group Inc. (CSGP) President and CEO Andrew C Florance sells 27,745 Shares"", ""CoStar Group Inc. (CSGP) President and CEO Andrew C Florance sells 27,745 Shares""]"
CSGP,2012-05-22,7.081,7.152,7.035,7.129,"[""Bag Tag Solution By Unisys - Analyst Blog"", ""Bag Tag Solution By Unisys - Analyst Blog"", ""Bag Tag Solution By Unisys - Analyst Blog Earlier this week, Unisys Corporation ( UIS ) declared that after three months of hard work, it has finally launched the first ever home-printed baggage tag solutions at Billund Airport in Denmark for international passengers. The solution is designed to render the passenger check-in process simpler and more convenient. The Internet check-in application and local check-in assistant program had been previously installed successfully by Unisys through its passenger facilitation solution program started in 2007 at Billund Airport. With the implementation of this bag tag solution, the company demonstrates its continued interest towards ameliorating overall standards of performance enhancing customer experiences. In today's world, time is money. Everyone is looking for means and ways to reduce even the slightest time lags at any juncture. Gone are those days when passengers would wait in queues to first avail paper tags, then tie them to their baggage items and then go for the final drop off at a bag drop counter. With the implementation of this new system, baggage tags can be printed by passengers even before setting foot at the airport. The system has been designed to operate smoothly with a separate line for pre-tagged baggage items at the airport. The printed boarding pass contains the number of items for check-in, which shall be presented at the counter along with the printed bag tag which would go inside a plastic bag tag holder provided at the airport itself. With this system, passengers can save valuable time at the airport, an aspect of burgeoning importance globally. There still exist companies, however, which threaten Unisys' formidable industry position at all times. These include big players such as CoStar Group Inc. ( CSGP ), EPAM Systems, Inc. ( EPAM ) and Acxiom Corporation ( ACXM ). The current Zacks Consensus Estimate for the second quarter of 2012 and for fiscal 2012 is 48 cents per share and $2.90 per share, respectively. The company currently retains a Zacks #1 Rank, which translates into a short-term 'Strong Buy' rating. ACXIOM CORP (ACXM): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report EPAM SYSTEMS (EPAM): Free Stock Analysis Report UNISYS (UIS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Bag Tag Solution By Unisys - Analyst Blog""]"
CSGP,2012-05-23,7.042,7.241,6.965,7.206,
CSGP,2012-05-24,7.173,7.319,7.163,7.296,"[""CoStar Group Inc. (CSGP) CFO Brian J Radecki sells 25,262 Shares"", ""CoStar Group Inc. (CSGP) CFO Brian J Radecki sells 25,262 Shares"", ""CoStar Group Inc. (CSGP) CFO Brian J Radecki sells 25,262 Shares""]"
CSGP,2012-05-25,7.269,7.307,7.235,7.267,
CSGP,2012-05-29,7.323,7.385,7.243,7.368,"[""More Buy-Back for Acxiom - Analyst Blog"", ""More Buy-Back for Acxiom - Analyst Blog"", ""More Buy-Back for Acxiom - Analyst Blog Last week, Acxiom Corporation ( ACXM) announced that it has stepped up its share repurchase plan to $150 million now. This was done with the clear intent of bolstering investor returns. Acxiom's share repurchase program which started in August 2011, has bought back about 6.1 million shares since then for around $72 million. This accounts for nearly 7% of its total shares outstanding in the market. The company's incipient proactive advances towards returning value to investors accrues from its strong cash flow generation ability. Cash flow from operating activities came in at around $229.4 million for the fiscal year 2012 and Acxiom spent around $66 million to repurchase a total of 5.6 million shares during that time. Looking ahead, management projects its earnings per share (EPS) to be within 55 cents to 65 cents for fiscal 2013. Strong product innovations, investment plans and management restructuring are expected to be the major highlights of the upcoming fiscal year for Acxiom. However, there are big players prevalent in the industry that the company should always remain wary of. Ominous rivals in this regard include Unisys Corporation ( UIS), CoStar Group Inc. ( CSGP) and EPAM Systems, Inc. ( EPAM ). The Zacks Consensus Estimates for the first quarter and fiscal 2013 stand at 10 cents per share and 61 cents per share, respectively. We currently have a long-term recommendation of 'Neutral' for the company's stock. In the short run, we have a Zacks #3 Rank for the stock, which translates into a short-term rating of 'Hold'. ACXIOM CORP (ACXM): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report EPAM SYSTEMS (EPAM): Free Stock Analysis Report UNISYS (UIS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""More Buy-Back for Acxiom - Analyst Blog""]"
CSGP,2012-05-30,7.323,7.416,7.3,7.373,
CSGP,2012-05-31,7.374,7.424,7.285,7.389,
CSGP,2012-06-01,7.264,7.289,7.16,7.203,
CSGP,2012-06-04,7.246,7.317,7.165,7.224,
CSGP,2012-06-05,7.214,7.374,7.201,7.345,
CSGP,2012-06-06,7.369,7.672,7.369,7.619,"[""American Capital Agency, PetSmart Among Stocks Setting 52-Week Highs Wednesday"", ""American Capital Agency, PetSmart Among Stocks Setting 52-Week Highs Wednesday"", ""American Capital Agency, PetSmart Among Stocks Setting 52-Week Highs Wednesday""]"
CSGP,2012-06-07,7.739,7.812,7.601,7.618,"[""CoStar Group - Aggressive Growth"", ""CoStar Group - Aggressive Growth"", ""CoStar Group - Aggressive Growth""]"
CSGP,2012-06-08,7.609,7.77,7.585,7.725,
CSGP,2012-06-11,7.838,7.838,7.734,7.754,
CSGP,2012-06-12,7.805,7.841,7.741,7.815,
CSGP,2012-06-13,7.823,7.823,7.68,7.693,
CSGP,2012-06-14,7.71,7.805,7.673,7.794,
CSGP,2012-06-15,7.755,7.933,7.755,7.837,
CSGP,2012-06-18,7.801,7.925,7.775,7.906,
CSGP,2012-06-19,7.942,7.997,7.886,7.974,
CSGP,2012-06-20,7.953,7.953,7.703,7.777,
CSGP,2012-06-21,7.786,7.816,7.66,7.716,
CSGP,2012-06-22,7.736,7.763,7.702,7.75,
CSGP,2012-06-25,7.7,7.737,7.615,7.716,
CSGP,2012-06-26,7.729,7.93,7.705,7.896,"[""The NIH Chooses Unisys - Analyst Blog"", ""The NIH Chooses Unisys - Analyst Blog"", ""The NIH Chooses Unisys - Analyst Blog Last week, Unisys Corporation ( UIS ) received a contract from The National Institutes of Health (NIH) to compete with another 53 companies for task orders. This contract was awarded by The NIH under the Chief Information Officers-Solutions and Partners 3 (CIO-SP3) contract vehicle. This indefinite delivery/indefinite quantity (IDIQ) contract awarded to the 54 companies including Unisys is expected to be worth $20 billion over a period of 10 years. The ten categories of task orders Unisys can compete for include federal health mission IT support services, federal CIO office IT support services, services for supporting collection etc. The CIO-SP3 deal was not the first award offered by The NIH to Unisys. Its previous CIO-SP3 agreement expired recently. Hence, the present superseding CIO-SP3 contract avers that The NIH affirms a lot of faith and confidence in Unisys' solutions through such long-term ventures. Such continual contract wins have become a major growth driver for boosting sales incipiently for the company. On April 24, 2012, Unisys declared financial results of its first quarter in 2012, whereby total revenue surged almost 2% annually to reach $928.4 million. We believe that the company needs these major panegyrics in the form of contract wins and extensions in order to post even stronger results in its upcoming quarters. Unisys should also keep a wary eye out for competitor advances in the industry. Big players in this regard include EPAM Systems, Inc. ( EPAM ), CoStar Group Inc. ( CSGP ) and Fair Issac Corp. ( FICO ). The company currently retains a Zacks #3 Rank, which translates into a short-term 'Hold' rating. However, we presently maintain our 'Neutral' recommendation on the stock. COSTAR GRP INC (CSGP): Free Stock Analysis Report EPAM SYSTEMS (EPAM): Free Stock Analysis Report FAIR ISAAC INC (FICO): Free Stock Analysis Report UNISYS (UIS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""The NIH Chooses Unisys - Analyst Blog""]"
CSGP,2012-06-27,7.9,8.03,7.9,7.999,
CSGP,2012-06-28,7.919,7.967,7.918,7.95,
CSGP,2012-06-29,8.052,8.313,8.052,8.12,
CSGP,2012-07-02,8.139,8.374,7.974,8.371,
CSGP,2012-07-03,8.354,8.552,8.311,8.54,
CSGP,2012-07-05,8.54,8.552,8.425,8.463,
CSGP,2012-07-06,8.263,8.263,7.997,8.088,"[""Raymond James Downgrades CoStar Group from Outperform to Market Perform"", ""Raymond James Downgrades CoStar Group from Outperform to Market Perform, PT to $81"", ""Raymond James Downgrades CoStar Group from Outperform to Market Perform, PT to $81"", ""Raymond James Downgrades CoStar Group from Outperform to Market Perform"", ""Raymond James Downgrades CoStar Group from Outperform to Market Perform, PT to $81"", ""Raymond James Downgrades CoStar Group from Outperform to Market Perform""]"
CSGP,2012-07-09,8.06,8.214,8.007,8.117,
CSGP,2012-07-10,8.169,8.169,8.035,8.059,
CSGP,2012-07-11,8.069,8.106,7.942,8.008,
CSGP,2012-07-12,7.951,7.984,7.868,7.9,"[""Acxiom Maintained at Neutral - Analyst Blog"", ""Acxiom Maintained at Neutral - Analyst Blog"", ""Acxiom Maintained at Neutral - Analyst Blog We reiterate our Neutral recommendation on Acxiom Corporation ( ACXM ). A proactive stance on advancing the company's core competency areas and incipient buy-back activities are likely to partially neutralize the effects of the weak economic condition and ominous competition prevailing in the industry. Acxiom has achieved a formidable position in the field of marketing services and technology. The company's diversified product offerings such as AbiliTec Digital, InfoBase-X, Customer Data Integration (CDI) services and customer recognition software provide Acxiom a high competitive edge in this industry which includes big players such as Fair Issac Corp. ( FICO ), Camelot Information Systems Inc. ( CIS ) and CoStar Group Inc. ( CSGP ). One aspect which has forever been an integral part of Acxiom's total approach is its desire to return optimum value to its shareholders through buy back activities. The company has already repurchased 6.1 million shares at nearly $71 million till now in its fiscal year 2012. In addition, Acxiom has also recently declared that it has raised the amount pertaining to its share repurchase plan to a total of $150 million. Hence, on the basis of the company's existing trends we can expect similar moves on the part of it in the upcoming quarters as well. The company has taken several initiatives for emphasizing its core competency areas more with heavy investments and product launches which are perceived to be the growth drivers in the coming quarters for Acxiom. The company's recent prestigious contract wins from Horizon Healthcare Services Inc. and Mindshare are also expected to positively influence Acxiom's upcoming financial performances. Although Acxiom's intent and advances towards meeting long-term goals are remarkable, we are, however, concerned about the clouded fiscal scenario prevalent in the world today which may negatively affect the company. Acxiom is very much vulnerable to several factors such as adverse foreign exchange movements and inflationary pressures which can be detrimental to the company's earnings and margins. We recently observed quite a few changes in the company's top-level management. The first of these changes was the appointment of Scott Howe as the new CEO and President. Second, Warren Jenson was also appointed as an Executive Vice President in the company. Such management shifts may have a pervasive impact on Acxiom's overall functioning, goals and investor perception. Moreover, the company's increasing focus on its core areas required high investments, due to which management declined its EPS projections for the upcoming fiscal year 2013 to a range of $0.55 - $0.65. Hence, until the situation ameliorates and a brighter picture appears on the scene, we consider it wise to maintain a sideline stance on Acxiom. In the short run, we have a Zacks #3 Rank on the stock which translates into a short-term 'Hold' rating. ACXIOM CORP (ACXM): Free Stock Analysis Report CAMELOT INF-ADS (CIS): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report FAIR ISAAC INC (FICO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Acxiom Maintained at Neutral - Analyst Blog""]"
CSGP,2012-07-13,7.9,8.012,7.829,7.976,
CSGP,2012-07-16,7.947,8.02,7.917,7.95,
CSGP,2012-07-17,8.023,8.031,7.905,8.01,
CSGP,2012-07-18,8.006,8.064,7.961,8.009,
CSGP,2012-07-19,8.008,8.027,7.924,7.93,
CSGP,2012-07-20,7.844,7.926,7.8,7.862,
CSGP,2012-07-23,7.727,7.826,7.707,7.779,
CSGP,2012-07-24,7.763,7.872,7.694,7.85,
CSGP,2012-07-25,7.903,7.929,7.829,7.858,"[""CoStar Closes LoopNet Acquisition and Begins Cross-Selling of LoopNet Marketing and CoStar Information Services"", ""CoStar Group Reports Q2 EPS $0.39 vs $0.34 Est"", ""Costar Guides FY12 Revenue $345-349M, Had Seen $343-349M; Guides FY12 EPS $1.40-1.52, Had Seen $1.36-1.42"", ""Costar Guides FY12 Revenue $345-349M, Had Seen $343-349M; Guides FY12 EPS $1.40-1.52, Had Seen $1.36-1.42"", ""CoStar Group Reports Q2 EPS $0.39 vs $0.34 Est"", ""CoStar Closes LoopNet Acquisition and Begins Cross-Selling of LoopNet Marketing and CoStar Information Services"", ""Costar Guides FY12 Revenue $345-349M, Had Seen $343-349M; Guides FY12 EPS $1.40-1.52, Had Seen $1.36-1.42"", ""CoStar Group Reports Q2 EPS $0.39 vs $0.34 Est"", ""CoStar Closes LoopNet Acquisition and Begins Cross-Selling of LoopNet Marketing and CoStar Information Services""]"
CSGP,2012-07-26,7.998,8.263,7.848,8.224,"[""CoStar Group Inc. Reports Operating Results (10-Q)"", ""CoStar Group Inc. Reports Operating Results (10-Q)"", ""CoStar Group Inc. Reports Operating Results (10-Q)""]"
CSGP,2012-07-27,8.296,8.563,8.164,8.533,
CSGP,2012-07-30,8.577,8.577,8.369,8.419,
CSGP,2012-07-31,8.404,8.45,8.248,8.253,
CSGP,2012-08-01,8.261,8.275,7.892,7.99,
CSGP,2012-08-02,7.927,8.004,7.866,7.932,"[""CoStar Group Inc. (CSGP) President and CEO Andrew C Florance sells 56,448 Shares"", ""CoStar Group Inc. (CSGP) President and CEO Andrew C Florance sells 56,448 Shares"", ""CoStar Group Inc. (CSGP) President and CEO Andrew C Florance sells 56,448 Shares""]"
CSGP,2012-08-03,8.059,8.435,8.059,8.261,
CSGP,2012-08-06,8.254,8.345,8.229,8.273,
CSGP,2012-08-07,8.275,8.327,8.218,8.227,
CSGP,2012-08-08,8.183,8.379,8.183,8.325,
CSGP,2012-08-09,8.324,8.3305,8.288,8.321,
CSGP,2012-08-10,8.313,8.335,8.28,8.308,
CSGP,2012-08-13,8.286,8.352,8.241,8.35,
CSGP,2012-08-14,8.396,8.418,8.272,8.324,
CSGP,2012-08-15,8.292,8.43,8.292,8.422,"[""4 Top Holdings of Small-Cap Growth Fund"", ""4 Top Holdings of Small-Cap Growth Fund"", ""4 Top Holdings of Small-Cap Growth Fund""]"
CSGP,2012-08-16,8.154,8.248,8.003,8.182,"[""Up/Downgrades"", ""Morgan Stanley Downgrades CoStar Group from Equal-weight to Underweight, Announces PT of $73"", ""UPDATE: Morgan Stanley Downgrades CoStar Group to Underweight; Valuation Full"", ""UPDATE: Morgan Stanley Downgrades CoStar Group to Underweight; Valuation Full"", ""Morgan Stanley Downgrades CoStar Group from Equal-weight to Underweight, Announces PT of $73"", ""Up/Downgrades"", ""UPDATE: Morgan Stanley Downgrades CoStar Group to Underweight; Valuation Full"", ""Morgan Stanley Downgrades CoStar Group from Equal-weight to Underweight, Announces PT of $73"", ""Up/Downgrades""]"
CSGP,2012-08-17,8.16,8.282,8.148,8.265,
CSGP,2012-08-20,8.273,8.377,7.915,8.339,
CSGP,2012-08-21,8.384,8.471,8.282,8.292,
CSGP,2012-08-22,8.279,8.36,8.25,8.341,
CSGP,2012-08-23,8.354,8.408,8.222,8.255,
CSGP,2012-08-24,8.213,8.246,8.014,8.032,
CSGP,2012-08-27,8.093,8.187,8.052,8.117,
CSGP,2012-08-28,8.104,8.231,8.055,8.149,
CSGP,2012-08-29,8.138,8.212,8.08,8.116,
CSGP,2012-08-30,8.089,8.113,7.959,8.098,
CSGP,2012-08-31,8.158,8.182,8.044,8.125,"Baron Fund likes LinkedIn, yet to friend Facebook (This article was originally published Thursday.) The Baron Opportunity Fund BIOPX has taken a somewhat unique approach to the recent wave of Internet firms hitting the public markets. Yes, it owns LinkedIn Corp. LNKD, the well-known professional network that has seen its stock rise sharply since its IPO last year."
CSGP,2012-09-04,8.084,8.2935,7.997,8.245,
CSGP,2012-09-05,8.212,8.2555,8.127,8.183,
CSGP,2012-09-06,8.21,8.291,8.134,8.25,
CSGP,2012-09-07,8.298,8.3235,8.173,8.226,
CSGP,2012-09-10,8.201,8.288,8.144,8.237,
CSGP,2012-09-11,8.251,8.252,8.103,8.159,
CSGP,2012-09-12,8.189,8.227,8.076,8.123,
CSGP,2012-09-13,8.154,8.27,8.101,8.234,
CSGP,2012-09-14,8.216,8.361,7.972,8.341,
CSGP,2012-09-17,8.329,8.329,8.245,8.307,"[""Acxiom Retains Neutral Rec - Analyst Blog"", ""Acxiom Retains Neutral Rec - Analyst Blog"", ""Acxiom Retains Neutral Rec - Analyst Blog We reiterate our Neutral recommendation on Acxiom Corporation ( ACXM ). The company's continuous contract wins and incipient buy-back activities are likely to partially neutralize the effects of the weak economic condition and tough competition prevailing in the industry. The company's diversified product offerings such as AbiliTec Digital, InfoBase-X, Customer Data Integration (CDI) services and customer recognition software provide a competitive edge in this industry, which includes big players such as Fair Issac Corp. ( FICO ), Camelot Information Systems Inc. ( CIS ), and CoStar Group Inc. ( CSGP ). The company has taken several strategic initiatives to improve its core competency areas through heavy investments and product launches, which are perceived to be its key growth drivers. The company's recent prestigious contract win from Mindshare and its association with Yahoo!7 are expected to boost business going forward. The company is continuously expanding its operations across many regions including Brazil, South Korea and Norway for enhancing its long-term margins. Going forward, it is likely to be highly benefited by the well-diversified business portfolio in terms of geographies, products and markets. Acxiom repurchased a total of 2.4 million shares worth $33 million during the first quarter of fiscal 2013. Additionally, since August, 2011, it bought back 8.1 million shares worth approximately $100 million. The buying back of common shares is likely to be one of the best strategic moves, which will help enhance investor confidence. Although Acxiom's intent and advances towards meeting long-term goals are impressive, we are, however, concerned about the overall economic turmoil and inflationary pressures, which might have detrimental effects on the company. As the company earned a huge portion of revenue from the financial sector, the current slowdown in the financial services is expected to adversely impact its overall performances. Acxiom highly depends on its AbiliTec software technology. Consequently, the company has to advance its technological services in order to compete in the industry, which appears to be costly. We observed quite a few changes in Acxiom's top-level management. Such management shifts may have a pervasive impact on the company's overall functioning. It takes time for a company to stabilize after such important changes and, therefore, it would be advisable for investors at this point not to purchase its shares before assessing the performance of the company. The company projects earnings per share (EPS) to lie within a range of 60 cents - 65 cents bearing onuses of product innovation strategies for the upcoming fiscal 2013. The company also anticipates that its revenue from continuing operations will either remain flat or decline marginally during the fiscal 2013. Revenues are also projected to be down by 5% in the second quarter of fiscal 2013 owing to the low yields in Acxiom's IT Infrastructure Management and Other Services segments. Hence, until the situation improves, we consider it wise to remain on the sidelines. In the short run, the stock bears a Zacks #2 Rank, which translates, into a short-term 'Buy' rating. ACXIOM CORP (ACXM): Free Stock Analysis Report CAMELOT INF-ADS (CIS): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report FAIR ISAAC INC (FICO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Acxiom Retains Neutral Rec - Analyst Blog""]"
CSGP,2012-09-18,8.277,8.37,8.221,8.311,
CSGP,2012-09-19,8.331,8.407,8.266,8.339,
CSGP,2012-09-20,8.324,8.324,8.12,8.158,
CSGP,2012-09-21,8.15,8.214,8.096,8.104,"[""Insiders Trading JNS NIHD LAMR CSGP"", ""Insiders Trading JNS NIHD LAMR CSGP"", ""Insiders Trading JNS NIHD LAMR CSGP""]"
CSGP,2012-09-24,8.063,8.167,8.001,8.154,
CSGP,2012-09-25,8.176,8.3,8.061,8.126,
CSGP,2012-09-26,8.108,8.143,8.025,8.136,
CSGP,2012-09-27,8.172,8.318,8.161,8.259,
CSGP,2012-09-28,8.217,8.2645,8.144,8.154,
CSGP,2012-10-01,8.207,8.287,8.116,8.24,
CSGP,2012-10-02,8.267,8.353,8.246,8.331,
CSGP,2012-10-03,8.348,8.449,8.295,8.363,
CSGP,2012-10-04,8.416,8.416,8.276,8.368,
CSGP,2012-10-05,8.386,8.522,8.326,8.351,
CSGP,2012-10-08,8.332,8.332,8.204,8.287,
CSGP,2012-10-09,8.27,8.27,8.146,8.1699,
CSGP,2012-10-10,8.171,8.216,8.063,8.186,
CSGP,2012-10-11,8.239,8.321,8.182,8.234,
CSGP,2012-10-12,8.235,8.245,8.123,8.14,
CSGP,2012-10-15,8.136,8.173,8.088,8.139,
CSGP,2012-10-16,8.203,8.249,8.153,8.216,
CSGP,2012-10-17,8.211,8.227,8.162,8.1999,
CSGP,2012-10-18,8.182,8.199,8.096,8.096,
CSGP,2012-10-19,8.041,8.0655,7.724,7.747,
CSGP,2012-10-22,7.752,7.768,7.67,7.733,
CSGP,2012-10-23,7.691,7.7905,7.641,7.772,
CSGP,2012-10-24,7.779,7.836,7.703,7.835,"[""CoStar Group Reports Q3 EPS $0.47 vs $0.39 Est; Revenues $96M vs $95.44M Est"", ""Costar Increases Forecast; Guides Q4 Revenue $97-99M vs 98.44M Est"", ""Costar Increases Forecast; Guides Q4 Revenue $97-99M vs 98.44M Est"", ""CoStar Group Reports Q3 EPS $0.47 vs $0.39 Est; Revenues $96M vs $95.44M Est"", ""Costar Increases Forecast; Guides Q4 Revenue $97-99M vs 98.44M Est"", ""CoStar Group Reports Q3 EPS $0.47 vs $0.39 Est; Revenues $96M vs $95.44M Est""]"
CSGP,2012-10-25,8.0,8.3598,7.96,8.314,"[""CoStar Group Inc. Reports Operating Results (10-Q)"", ""CoStar Group Inc. Reports Operating Results (10-Q)"", ""CoStar Group Inc. Reports Operating Results (10-Q)""]"
CSGP,2012-10-26,8.294,8.46,8.242,8.449,
CSGP,2012-10-31,8.451,8.5,8.183,8.29,
CSGP,2012-11-01,8.294,8.485,8.166,8.322,
CSGP,2012-11-02,8.417,8.417,8.087,8.1,
CSGP,2012-11-05,8.1,8.227,8.0,8.111,
CSGP,2012-11-06,8.152,8.261,8.135,8.238,
CSGP,2012-11-07,8.163,8.212,8.019,8.037,
CSGP,2012-11-08,8.027,8.11,7.891,7.891,
CSGP,2012-11-09,7.842,7.9075,7.73,7.795,
CSGP,2012-11-12,7.99,8.01,7.809,7.852,
CSGP,2012-11-13,7.7,7.896,7.7,7.857,
CSGP,2012-11-14,7.876,7.894,7.701,7.706,
CSGP,2012-11-15,7.685,7.864,7.685,7.853,
CSGP,2012-11-16,7.818,7.919,7.685,7.821,
CSGP,2012-11-19,7.872,8.248,7.872,8.194,
CSGP,2012-11-20,8.159,8.355,8.123,8.343,
CSGP,2012-11-21,8.429,8.459,8.294,8.377,
CSGP,2012-11-23,8.4,8.491,8.358,8.484,
CSGP,2012-11-26,8.529,8.85,8.529,8.71,"[""Stocks Turn Mixed; Generac Dives; 3D Systems Jumps"", ""Stocks End Mixed; Focus On Black Friday, Cyber Monday"", ""Stocks Down But Off Day's Lows; EBay, CoStar Break Out"", ""Benzinga's Volume Movers"", ""Benzinga's Volume Movers"", ""Stocks End Mixed; Focus On Black Friday, Cyber Monday"", ""Stocks Turn Mixed; Generac Dives; 3D Systems Jumps"", ""Stocks Down But Off Day's Lows; EBay, CoStar Break Out"", ""Benzinga's Volume Movers"", ""Stocks End Mixed; Focus On Black Friday, Cyber Monday"", ""Stocks Turn Mixed; Generac Dives; 3D Systems Jumps"", ""Stocks Down But Off Day's Lows; EBay, CoStar Break Out""]"
CSGP,2012-11-27,8.728,8.897,8.446,8.538,
CSGP,2012-11-28,8.51,8.729,8.438,8.684,
CSGP,2012-11-29,8.758,8.856,8.659,8.69,
CSGP,2012-11-30,8.749,8.783,8.636,8.686,
CSGP,2012-12-03,8.723,8.729,8.5651,8.61,
CSGP,2012-12-04,8.633,8.687,8.534,8.551,
CSGP,2012-12-05,8.573,8.628,8.509,8.573,
CSGP,2012-12-06,8.544,8.59,8.453,8.498,
CSGP,2012-12-07,8.519,8.65,8.49,8.64,
CSGP,2012-12-10,8.651,8.686,8.249,8.605,
CSGP,2012-12-11,8.687,8.819,8.6647,8.725,
CSGP,2012-12-12,8.742,8.748,8.558,8.61,
CSGP,2012-12-13,8.648,8.707,8.525,8.618,
CSGP,2012-12-14,8.661,8.723,8.55,8.573,
CSGP,2012-12-17,8.669,8.683,8.565,8.659,
CSGP,2012-12-18,8.648,8.942,8.607,8.869,
CSGP,2012-12-19,8.787,8.881,8.6945,8.749,
CSGP,2012-12-20,8.744,8.986,8.744,8.954,
CSGP,2012-12-21,8.872,8.916,8.656,8.809,
CSGP,2012-12-24,8.744,8.849,8.74,8.802,
CSGP,2012-12-26,8.797,8.797,8.632,8.682,
CSGP,2012-12-27,8.706,8.774,8.563,8.731,
CSGP,2012-12-28,8.674,9.027,8.669,8.725,
CSGP,2012-12-31,8.841,8.986,8.73,8.937,
CSGP,2013-01-02,9.195,9.33,9.143,9.308,
CSGP,2013-01-03,9.226,9.326,9.039,9.101,"[""CoStar Group, Inc. (CSGP) CFO Brian J Radecki sells 17,500 Shares"", ""CoStar Group, Inc. (CSGP) CFO Brian J Radecki sells 17,500 Shares"", ""CoStar Group, Inc. (CSGP) CFO Brian J Radecki sells 17,500 Shares""]"
CSGP,2013-01-04,9.156,9.218,9.052,9.142,
CSGP,2013-01-07,9.068,9.169,9.042,9.083,
CSGP,2013-01-08,9.064,9.121,9.036,9.068,
CSGP,2013-01-09,9.11,9.1485,9.015,9.04,
CSGP,2013-01-10,9.099,9.099,8.936,9.011,
CSGP,2013-01-11,9.029,9.091,8.978,9.03,
CSGP,2013-01-14,9.04,9.1,8.981,9.036,
CSGP,2013-01-15,8.973,9.039,8.922,9.0,
CSGP,2013-01-16,8.959,9.022,8.91,8.928,
CSGP,2013-01-17,8.984,9.044,8.906,8.985,
CSGP,2013-01-18,8.96,8.992,8.896,8.985,
CSGP,2013-01-22,8.969,9.214,8.969,9.146,
CSGP,2013-01-23,9.183,9.228,9.128,9.202,
CSGP,2013-01-24,9.198,9.3,9.181,9.264,
CSGP,2013-01-25,9.3,9.3,9.146,9.227,
CSGP,2013-01-28,9.214,9.585,9.1881,9.553,
CSGP,2013-01-29,9.552,9.606,9.397,9.417,
CSGP,2013-01-30,9.38,9.419,9.294,9.331,
CSGP,2013-01-31,9.335,9.4175,9.247,9.378,
CSGP,2013-02-01,9.378,9.701,9.378,9.559,
CSGP,2013-02-04,9.468,9.536,9.297,9.334,
CSGP,2013-02-05,9.389,9.659,9.232,9.62,
CSGP,2013-02-06,9.553,9.682,9.549,9.682,
CSGP,2013-02-07,9.676,9.676,9.52,9.589,
CSGP,2013-02-08,9.575,9.629,9.525,9.622,"[""Moody's Falls On Lawsuit Fear Despite Good Earnings"", ""Moody's Falls On Lawsuit Fear Despite Good Earnings"", ""Moody's Falls On Lawsuit Fear Despite Good Earnings""]"
CSGP,2013-02-11,9.635,9.635,9.56,9.599,
CSGP,2013-02-12,9.6,9.67,9.578,9.645,
CSGP,2013-02-13,9.636,9.654,9.566,9.6,
CSGP,2013-02-14,9.59,9.625,9.543,9.599,
CSGP,2013-02-15,9.6,9.684,9.54,9.614,
CSGP,2013-02-19,9.608,9.75,9.608,9.729,
CSGP,2013-02-20,9.751,9.762,9.61,9.618,
CSGP,2013-02-21,9.599,9.7,9.529,9.59,
CSGP,2013-02-22,9.658,9.675,9.511,9.64,
CSGP,2013-02-25,9.694,9.825,9.672,9.734,
CSGP,2013-02-26,9.781,9.824,9.594,9.603,
CSGP,2013-02-27,9.587,9.903,9.576,9.742,"[""CoStar GroUp, Inc. Reports Q4 EPS of $0.46 vs $0.43 Est; Revenue of $100.10M"", ""CoStar Group, Inc. Sees Q1 EPS $0.41-0.45 vs $0.42 Est"", ""CoStar Group, Inc. Sees Q1 EPS $0.41-0.45 vs $0.42 Est"", ""CoStar GroUp, Inc. Reports Q4 EPS of $0.46 vs $0.43 Est; Revenue of $100.10M"", ""CoStar Group, Inc. Sees Q1 EPS $0.41-0.45 vs $0.42 Est"", ""CoStar GroUp, Inc. Reports Q4 EPS of $0.46 vs $0.43 Est; Revenue of $100.10M""]"
CSGP,2013-02-28,10.005,10.135,9.806,10.074,
CSGP,2013-03-01,10.003,10.4,10.003,10.341,
CSGP,2013-03-04,10.293,10.349,10.218,10.317,
CSGP,2013-03-05,10.268,10.44,10.231,10.432,
CSGP,2013-03-06,10.472,10.564,10.356,10.389,
CSGP,2013-03-07,10.358,10.385,10.266,10.275,
CSGP,2013-03-08,10.32,10.35,10.249,10.308,
CSGP,2013-03-11,10.265,10.289,10.164,10.216,
CSGP,2013-03-12,10.2,10.277,10.071,10.106,
CSGP,2013-03-13,10.099,10.149,9.95,10.054,
CSGP,2013-03-14,10.014,10.091,9.923,9.979,
CSGP,2013-03-15,9.976,10.228,9.934,10.211,
CSGP,2013-03-18,10.086,10.25,10.015,10.218,
CSGP,2013-03-19,10.235,10.249,10.012,10.133,"[""Bear of the Day: CoStar Group (CSGP) - Bear of the Day"", ""Bear of the Day: CoStar Group (CSGP) - Bear of the Day"", ""Bear of the Day: CoStar Group (CSGP) - Bear of the Day CoStar Group, Inc. ( CSGP ) has seen consensus estimates fall meaningfully lower for both 2013 and 2014 following a rare earnings miss on February 27. It is a Zacks Rank #5 (Strong Sell). Despite the negative earnings momentum, shares still trade at a premium on a forward price to earnings and price to cash flow basis. This doesn't bode well for shares over the next several weeks. CoStar Group provides information, analytics and marketing services for the commercial real estate market. Q4 Miss, Falling Estimates CoStar reported fourth quarter results on February 27. Adjusted earnings per share came in at 33 cents, missing the Zacks Consensus Estimate by 2 cents. Revenue rose 51% to $100.1 million, but this was driven in large part by an acquisition. Following the Q4 earnings miss, analysts revised their estimates meaningfully lower for both 2013 and 2014. This sent the stock to a Zacks Rank #5 (Strong Sell). The 2013 Zacks Consensus Estimate is now $1.71, down from $1.80 thirty days ago. And the 2014 consensus is now $2.28, down from $2.57. You can see this sharp decline in the company's 'Price & Consensus' chart: Premium Valuation Despite the negative earnings momentum, shares of CoStar still trade at a frothy 56x 12-month forward earnings, which is a significant premium to the industry median of 17x. Its price to cash flow ratio of 63 is also above its the peer group median of 13. CoStar Group also carries a long-term 'Underperform' Zacks Recommendation. The Bottom Line With negative earnings momentum and premium valuation, investors may want to consider avoiding CoStar Group for now. However, there are other stocks within the IT Services industry that investors might want to check out. Unisys Corporation ( UIS ), for instance, carries a Zacks Rank of 1 (Strong Buy), and Infosys Ltd. ( INFY ) has a Zacks Rank of 2 (Buy). Todd Bunton is the Growth & Income Stock Strategist for Zacks Investment Research and Editor of the Income Plus Investor service . COSTAR GRP INC (CSGP): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report UNISYS (UIS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Bear of the Day: CoStar Group (CSGP) - Bear of the Day""]"
CSGP,2013-03-20,10.203,10.361,10.167,10.32,
CSGP,2013-03-21,10.234,10.485,10.234,10.464,
CSGP,2013-03-22,10.496,10.552,10.478,10.526,
CSGP,2013-03-25,10.55,10.688,10.524,10.661,
CSGP,2013-03-26,10.691,10.923,10.624,10.904,"[""Stocks Hold Gains In Late Trade; Visa Hits New High"", ""Stocks Hold Gains In Late Trade; Visa Hits New High"", ""Stocks Hold Gains In Late Trade; Visa Hits New High""]"
CSGP,2013-03-27,10.824,11.013,10.656,10.867,
CSGP,2013-03-28,10.904,10.993,10.862,10.946,"[""Bear of the Day: CoStar Group (CSGP) (revised) - Analyst Blog"", ""Bear of the Day: CoStar Group (CSGP) (revised) - Analyst Blog"", ""Bear of the Day: CoStar Group (CSGP) (revised) - Analyst Blog The Zacks Consensus Estimates for CoStar Group, Inc. ( CSGP ) have fallen meaningfully lower for both 2013 and 2014 after the company reported its Q4 results on February 27. It is a Zacks Rank #5 (Strong Sell). In addition to declining earnings estimates, shares still trade at a premium valuation at 59x forward earnings. This doesn't bode well for shares over the next several weeks. CoStar Group provides information, analytics and marketing services for the commercial real estate market. Falling Estimates CoStar reported fourth quarter results on February 27. Adjusted earnings per share came in at 36 cents, beating the Zacks Consensus Estimate by a penny. Revenue rose 51% to $100.1 million, but this was driven in large part by an acquisition. Despite the small Q4 earnings beat, the Zacks Consensus Estimates for both 2013 and 2014 fell meaningfully lower, sending the stock to a Zacks Rank #5 (Strong Sell). The 2013 Zacks Consensus Estimate is now $1.71, down from $1.80 sixty days ago. And the 2014 consensus is now $2.28, down from $2.57 over the same period. You can see this sharp decline in the company's 'Price & Consensus' chart: Premium Valuation Despite the negative earnings momentum, shares of CoStar still trade at a frothy 59x 12-month forward earnings, which is a significant premium to the industry median of 17x. Its price to cash flow ratio of 68 is also well above the industry median of 13. CoStar Group also carries a long-term 'Underperform' Zacks Recommendation. The Bottom Line With negative earnings momentum and premium valuation, investors may want to consider avoiding CoStar Group for now. However, there are other stocks within the IT Services industry that investors might want to check out. Unisys Corporation ( UIS ), for instance, carries a Zacks Rank of 1 (Strong Buy), and Acxiom Corp ( ACXM ) carries a Zacks Rank of 2 (Buy). Todd Bunton is the Growth & Income Stock Strategist for Zacks Investment Research and Editor of the Income Plus Investor service . ***We are reissuing this article to correct a mistake. The original article, issued Tuesday, March 19, 2013, should no longer be relied upon.*** ACXIOM CORP (ACXM): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report UNISYS (UIS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Bear of the Day: CoStar Group (CSGP) (revised) - Analyst Blog""]"
CSGP,2013-04-01,10.922,10.924,10.697,10.773,
CSGP,2013-04-02,10.814,10.835,10.709,10.725,
CSGP,2013-04-03,10.776,10.776,10.581,10.6,
CSGP,2013-04-04,10.633,10.769,10.554,10.764,
CSGP,2013-04-05,10.579,10.81,10.579,10.774,
CSGP,2013-04-08,10.806,10.922,10.774,10.892,
CSGP,2013-04-09,10.9,10.93,10.846,10.864,
CSGP,2013-04-10,10.867,11.171,10.85,11.05,
CSGP,2013-04-11,11.028,11.137,11.003,11.05,
CSGP,2013-04-12,11.084,11.105,10.97,11.018,
CSGP,2013-04-15,10.96,11.026,10.618,10.652,
CSGP,2013-04-16,10.714,10.924,10.657,10.907,
CSGP,2013-04-17,10.835,10.885,10.503,10.764,
CSGP,2013-04-18,10.784,10.816,10.527,10.573,
CSGP,2013-04-19,10.56,10.742,10.54,10.731,
CSGP,2013-04-22,10.823,10.938,10.555,10.879,
CSGP,2013-04-23,10.978,11.019,10.884,10.95,
CSGP,2013-04-24,10.986,10.986,10.83,10.908,"[""Ron Baron Comments on CoStar Group Inc."", ""CoStar GroUp, Inc. Reports Q1 EPS of $0.47 vs $0.44 Est; Revenue of $104.03M vs $102.55M Est"", ""CoStar GroUp, Inc. Reports Q1 EPS of $0.47 vs $0.44 Est; Revenue of $104.03M vs $102.55M Est"", ""Ron Baron Comments on CoStar Group Inc."", ""CoStar GroUp, Inc. Reports Q1 EPS of $0.47 vs $0.44 Est; Revenue of $104.03M vs $102.55M Est"", ""Ron Baron Comments on CoStar Group Inc.""]"
CSGP,2013-04-25,10.963,11.034,10.465,10.922,
CSGP,2013-04-26,10.908,10.964,10.7,10.725,
CSGP,2013-04-29,10.81,10.966,10.795,10.844,
CSGP,2013-04-30,10.798,10.861,10.716,10.841,
CSGP,2013-05-01,10.788,10.856,10.617,10.617,
CSGP,2013-05-02,10.645,10.831,10.61,10.794,
CSGP,2013-05-03,10.947,11.301,10.916,11.077,
CSGP,2013-05-06,11.044,11.186,11.044,11.119,
CSGP,2013-05-07,11.064,11.288,11.064,11.269,
CSGP,2013-05-08,11.266,11.354,11.218,11.333,
CSGP,2013-05-09,11.291,11.291,11.157,11.208,
CSGP,2013-05-10,11.241,11.377,11.067,11.084,
CSGP,2013-05-13,11.06,11.172,11.06,11.114,
CSGP,2013-05-14,11.203,11.28,11.161,11.196,
CSGP,2013-05-15,11.143,11.286,11.132,11.142,
CSGP,2013-05-16,11.172,11.369,11.127,11.214,
CSGP,2013-05-17,11.303,11.616,11.215,11.557,
CSGP,2013-05-20,11.507,11.549,11.371,11.463,
CSGP,2013-05-21,11.463,11.54,11.319,11.431,
CSGP,2013-05-22,11.412,11.546,11.089,11.203,
CSGP,2013-05-23,11.201,11.534,11.026,11.461,"[""Wells Fargo Initiates Coverage on CoStar Group, Inc. at Outperform"", ""Benzinga's Top Initiations"", ""Benzinga's Top Initiations"", ""Wells Fargo Initiates Coverage on CoStar Group, Inc. at Outperform"", ""Benzinga's Top Initiations"", ""Wells Fargo Initiates Coverage on CoStar Group, Inc. at Outperform""]"
CSGP,2013-05-24,11.42,11.42,11.283,11.365,
CSGP,2013-05-28,11.51,11.535,11.325,11.405,
CSGP,2013-05-29,11.293,11.433,11.058,11.226,
CSGP,2013-05-30,11.259,11.302,11.144,11.28,
CSGP,2013-05-31,11.194,11.317,11.181,11.181,
CSGP,2013-06-03,11.185,11.363,11.105,11.26,
CSGP,2013-06-04,11.245,11.447,11.173,11.286,
CSGP,2013-06-05,11.25,11.277,11.07,11.226,
CSGP,2013-06-06,11.212,11.318,11.167,11.311,
CSGP,2013-06-07,11.421,11.58,11.248,11.526,
CSGP,2013-06-10,11.54,11.69,11.512,11.661,
CSGP,2013-06-11,11.552,11.585,11.484,11.558,
CSGP,2013-06-12,11.681,11.681,11.508,11.556,
CSGP,2013-06-13,11.55,11.561,11.491,11.539,
CSGP,2013-06-14,11.546,11.687,11.444,11.559,
CSGP,2013-06-17,11.641,11.969,11.524,11.845,
CSGP,2013-06-18,11.85,12.462,11.781,12.42,
CSGP,2013-06-19,12.382,12.441,12.133,12.182,
CSGP,2013-06-20,12.031,12.198,11.937,12.13,
CSGP,2013-06-21,12.184,12.478,12.184,12.463,
CSGP,2013-06-24,12.329,12.525,12.28,12.504,
CSGP,2013-06-25,12.6,12.614,12.438,12.57,
CSGP,2013-06-26,12.652,12.843,12.508,12.803,
CSGP,2013-06-27,12.858,13.075,12.845,12.951,
CSGP,2013-06-28,12.897,13.033,12.84,12.907,
CSGP,2013-07-01,12.983,13.239,12.983,13.103,
CSGP,2013-07-02,13.141,13.297,13.0,13.188,
CSGP,2013-07-03,13.092,13.36,13.057,13.248,
CSGP,2013-07-05,13.421,13.563,13.301,13.559,
CSGP,2013-07-08,13.604,13.739,13.497,13.731,
CSGP,2013-07-09,13.81,13.872,13.642,13.7,
CSGP,2013-07-10,13.732,13.915,13.557,13.59,
CSGP,2013-07-11,13.741,13.755,13.579,13.64,
CSGP,2013-07-12,13.621,13.667,13.289,13.319,
CSGP,2013-07-15,13.42,13.659,13.319,13.655,
CSGP,2013-07-16,13.667,13.701,13.518,13.674,
CSGP,2013-07-17,13.715,13.731,13.624,13.667,
CSGP,2013-07-18,13.687,13.824,13.54,13.678,
CSGP,2013-07-19,13.665,13.749,13.62,13.727,
CSGP,2013-07-22,13.652,13.86,13.644,13.674,
CSGP,2013-07-23,13.667,13.763,13.462,13.511,
CSGP,2013-07-24,13.594,13.712,13.322,13.397,"[""CoStar GroUp, Inc. Reports Q2 EBITDA $25.3M, Revenue of $109.0M vs $106.36M Est"", ""CoStar Group, Inc. Sees Q3 EPS $0.61-0.63 vs $0.58 Est"", ""CoStar Group, Inc. Raises FY2013 EPS Guidance from $2.12-2.22 to $2.31-2.36 vs $2.19 Est"", ""CoStar Group, Inc. Raises FY2013 EPS Guidance from $2.12-2.22 to $2.31-2.36 vs $2.19 Est"", ""CoStar Group, Inc. Sees Q3 EPS $0.61-0.63 vs $0.58 Est"", ""CoStar GroUp, Inc. Reports Q2 EBITDA $25.3M, Revenue of $109.0M vs $106.36M Est"", ""CoStar Group, Inc. Raises FY2013 EPS Guidance from $2.12-2.22 to $2.31-2.36 vs $2.19 Est"", ""CoStar Group, Inc. Sees Q3 EPS $0.61-0.63 vs $0.58 Est"", ""CoStar GroUp, Inc. Reports Q2 EBITDA $25.3M, Revenue of $109.0M vs $106.36M Est""]"
CSGP,2013-07-25,13.969,15.836,13.801,15.702,
CSGP,2013-07-26,15.596,16.093,15.418,16.006,
CSGP,2013-07-29,15.971,15.995,15.461,15.676,
CSGP,2013-07-30,15.7,15.82,15.434,15.748,
CSGP,2013-07-31,15.745,16.045,15.644,15.655,
CSGP,2013-08-01,15.764,16.164,15.745,15.919,
CSGP,2013-08-02,15.833,15.967,15.81,15.956,
CSGP,2013-08-05,15.971,16.145,15.95,16.137,
CSGP,2013-08-06,16.066,16.295,15.919,16.272,
CSGP,2013-08-07,16.283,16.37,16.025,16.241,
CSGP,2013-08-08,16.345,16.463,16.057,16.176,
CSGP,2013-08-09,16.11,16.298,15.86,16.089,
CSGP,2013-08-12,15.947,16.34,15.771,16.282,
CSGP,2013-08-13,16.276,16.4,16.04,16.153,
CSGP,2013-08-14,16.103,16.15,15.931,15.979,
CSGP,2013-08-15,15.627,15.912,15.289,15.367,
CSGP,2013-08-16,15.289,15.529,15.267,15.465,
CSGP,2013-08-19,15.445,15.512,15.231,15.233,
CSGP,2013-08-20,15.265,15.474,15.244,15.383,
CSGP,2013-08-21,15.332,15.386,14.949,15.171,
CSGP,2013-08-22,15.17,15.354,15.094,15.3,
CSGP,2013-08-23,15.3,15.475,15.138,15.254,
CSGP,2013-08-26,15.242,15.29,14.965,15.076,"[""Unisys' Infolmage Gets a SaaS Version - Analyst Blog"", ""Zacks #1 Rank Additions for Monday - Tale of the Tape"", ""Unisys' Infolmage Gets a SaaS Version - Analyst Blog"", ""Zacks #1 Rank Additions for Monday - Tale of the Tape"", ""Zacks #1 Rank Additions for Monday - Tale of the Tape Here are 5 stocks added to the Zacks #1 Rank (\""strong buy\"") List today: Citi Trends, Inc. ( CTRN ) CoStar Group Inc ( CSGP ) E-House (China) Holdings Limited ( EJ ) Kirkland's, Inc. ( KIRK ) Rexnord Corp ( RXN ) View the entire Zacks #1 Rank List . COSTAR GRP INC (CSGP): Free Stock Analysis Report CITI TRENDS INC (CTRN): Free Stock Analysis Report E-HOUSE CHINA (EJ): Free Stock Analysis Report KIRKLANDS INC (KIRK): Free Stock Analysis Report REXNORD CORP (RXN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Unisys' Infolmage Gets a SaaS Version - Analyst Blog Leading information technology company Unisys Corporation ( UIS ) recently launched a software-as-a-service (SaaS) version of its InfoImage enterprise content management (ECM) solution. Along with the cloud-based version of InfoImage ECM solution, the company also introduced a new mortgage processing application. While the ECM solution offers clients new options for managing their high-volume documents and processes, the mortgage application automates mortgage loans procedures and services. There is a huge demand in organizations for improvement in business processing, which are heavily dependent on paper, web and other electronic documents. The new InfoImage solution supports such organizations as it captures, manages, stores and delivers content required to handle cases, inquiries and applications in a professionally organized manner. It also reduces upfront capital investments and ongoing support costs. The InfoImage SaaS solution is securely hosted in Unisys data centers through the Unisys Secure Private Cloud Solution. Under this, clients are provided with an advanced solution to provide extra security protection for its critical data and content. Based in Blue Bell, PA, Unisys specializes in helping clients to secure their operations, increase efficiency and utilize their data centers, enhance support to their end users and constituents and modernize enterprise applications. The primary markets that Unisys serves worldwide include financial services, communications, transportation, and commercial and public sectors, including the U.S. federal government. Unisys currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look are CSG Systems International Inc. ( CSGS ), Syntel Inc . ( SYNT ) and CoStar Group Inc ( CSGP ), each carrying a Zacks Rank #1 ( Strong Buy). COSTAR GRP INC (CSGP): Free Stock Analysis Report CSG SYS INTL (CSGS): Free Stock Analysis Report SYNTEL INC (SYNT): Free Stock Analysis Report UNISYS (UIS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Unisys' Infolmage Gets a SaaS Version - Analyst Blog"", ""Zacks #1 Rank Additions for Monday - Tale of the Tape""]"
CSGP,2013-08-27,14.883,15.035,14.637,14.942,
CSGP,2013-08-28,14.909,15.173,14.78,14.994,
CSGP,2013-08-29,15.01,15.124,15.0,15.078,
CSGP,2013-08-30,15.019,15.109,14.816,14.851,
CSGP,2013-09-03,15.065,15.271,14.981,15.208,
CSGP,2013-09-04,15.209,15.624,15.171,15.603,"[""3 Types Of Growth Stocks In This Top Performing Fund"", ""3 Types Of Growth Stocks In This Top Performing Fund"", ""3 Types Of Growth Stocks In This Top Performing Fund""]"
CSGP,2013-09-05,15.647,15.723,15.47,15.655,
CSGP,2013-09-06,15.759,15.844,15.355,15.794,
CSGP,2013-09-09,15.832,16.132,15.742,16.119,
CSGP,2013-09-10,16.138,16.574,16.138,16.557,
CSGP,2013-09-11,16.571,16.844,16.359,16.769,
CSGP,2013-09-12,16.859,16.963,16.735,16.772,
CSGP,2013-09-13,16.86,17.054,16.615,16.797,
CSGP,2013-09-16,16.965,17.025,16.731,16.778,
CSGP,2013-09-17,16.778,16.955,16.716,16.936,
CSGP,2013-09-18,16.896,17.217,16.695,17.009,
CSGP,2013-09-19,16.996,17.09,16.836,16.856,
CSGP,2013-09-20,16.86,16.907,16.651,16.664,
CSGP,2013-09-23,16.628,16.66,16.282,16.569,
CSGP,2013-09-24,16.635,16.839,16.183,16.707,
CSGP,2013-09-25,16.707,16.8,16.474,16.478,
CSGP,2013-09-26,16.647,16.902,16.504,16.75,
CSGP,2013-09-27,16.663,16.978,16.54,16.666,
CSGP,2013-09-30,16.543,16.863,16.543,16.791,
CSGP,2013-10-01,16.8,17.129,16.725,17.129,
CSGP,2013-10-02,17.0,17.187,16.816,17.168,"[""Top Tier Mutual Fund Wins With Singles, Not Home Runs"", ""Top Tier Mutual Fund Wins With Singles, Not Home Runs"", ""Top Tier Mutual Fund Wins With Singles, Not Home Runs""]"
CSGP,2013-10-03,17.134,17.24,16.889,17.0,
CSGP,2013-10-04,16.955,17.346,16.931,17.228,
CSGP,2013-10-07,17.106,17.17,16.986,17.165,
CSGP,2013-10-08,17.179,17.323,16.725,16.76,
CSGP,2013-10-09,16.74,16.833,16.093,16.129,
CSGP,2013-10-10,16.368,16.519,16.082,16.174,
CSGP,2013-10-11,16.093,16.319,16.074,16.231,
CSGP,2013-10-14,16.207,16.606,16.097,16.572,
CSGP,2013-10-15,16.564,16.798,16.45,16.751,
CSGP,2013-10-16,16.852,17.078,16.75,16.957,
CSGP,2013-10-17,16.841,17.283,16.8,17.133,
CSGP,2013-10-18,17.318,17.472,17.0,17.455,
CSGP,2013-10-21,17.5,17.721,17.413,17.645,"[""Planning for a Breakout with Shutterstock (SSTK)"", ""Planning For A Breakout With Shutterstock (SSTK)"", ""Planning For A Breakout With Shutterstock (SSTK)"", ""Planning for a Breakout with Shutterstock (SSTK)"", ""Planning For A Breakout With Shutterstock (SSTK)"", ""Planning for a Breakout with Shutterstock (SSTK)""]"
CSGP,2013-10-22,17.856,17.865,17.558,17.629,
CSGP,2013-10-23,17.48,17.698,17.283,17.581,"[""CoStar GroUp, Inc. Reports Q3 EPS of $0.71 vs $0.63 Est; Revenue of $112.30M vs $111.71M Est"", ""CoStar GroUp, Inc. Reports Q3 EPS of $0.71 vs $0.63 Est; Revenue of $112.30M vs $111.71M Est"", ""CoStar GroUp, Inc. Reports Q3 EPS of $0.71 vs $0.63 Est; Revenue of $112.30M vs $111.71M Est""]"
CSGP,2013-10-24,17.878,18.273,16.611,17.635,
CSGP,2013-10-25,17.744,17.97,17.279,17.957,
CSGP,2013-10-28,18.0,18.087,17.73,17.945,
CSGP,2013-10-29,18.0,18.15,17.924,18.132,
CSGP,2013-10-30,18.117,18.185,17.983,18.004,
CSGP,2013-10-31,18.055,18.137,17.692,17.699,
CSGP,2013-11-01,17.699,17.7,17.178,17.278,
CSGP,2013-11-04,17.386,17.46,17.13,17.36,
CSGP,2013-11-05,17.323,17.644,17.101,17.576,
CSGP,2013-11-06,17.72,17.946,17.506,17.635,"[""Baron Funds Comments on CoStar Group Inc."", ""In-Line Q4 Earnings at Amdocs - Analyst Blog"", ""In-Line Q4 Earnings at Amdocs - Analyst Blog"", ""Baron Funds Comments on CoStar Group Inc."", ""In-Line Q4 Earnings at Amdocs - Analyst Blog Amdocs Ltd. ( DOX ) reported mixed financial results for the fourth quarter of fiscal 2013. The company completed the acquisition of Actix on Sep 2013 and decided to acquire Celcite Management Solutions for approximately $129 million in cash. Celcite is a leading provider of network management and self optimizing network solutions. The deal is expected to close by the early second quarter of fiscal 2014. Further, management has decided to raise its quarterly dividend per share from 13 cents to 15.5 cents payable on Apr 17, 2014, subject to shareholders' approval. Fourth-Quarter Results in Details Quarterly net income, on a GAAP basis, was $89 million or 54 cents per share compared with $98 million or 60 cents per share in the prior-year quarter. Fourth-quarter fiscal 2013 adjusted earnings per share of 59 cents were exactly in line with the Zacks Consensus Estimate. Quarterly total revenue came in at $845.2 million, up 2.8% year over year, but narrowly missed the Zacks Consensus Estimate of $847 million. Amdocs posted gross margin of 35.4% in the reported quarter compared with 35.6% in the year-ago quarter. Reported operating income was approximately $122.9 million, up 8.3% year over year. Quarterly operating margin was 14.5% compared with 13.8% in the prior-year quarter. At the end of fiscal 2013, total order backlog was $2,870 million against $2,790 million at the end of the year-ago quarter. In the reported quarter, Amdocs repurchased shares worth $97 million. During fiscal 2013, Amdocs generated around $670.5 million in cash from operations compared with $514.1 million in the comparable prior-year period. Free cash flow in fiscal 2013 stood at $563.8 million against $392 million in fiscal 2012. At the end of fiscal 2013, Amdocs had approximately $1,326.4 million in cash and marketable securities compared with $1,118.2 million at the end of fiscal 2012. Short-term loan was $200 million, remaining same year over year. Segment Wise Results Service revenues were $822.7 million, up 3.1% year over year. License revenues were approximately $22.2 million, down 7.5% year over year. Technologically, Customer Experience Systems revenues were $809.3 million, up 3.3% from the year-earlier quarter while Directory revenues were $35.9 million, down 8% year over year. The company's core Managed Services revenues came in at $414 million, down 2.3% from the prior-year quarter. Geographically, North America generated $608.9 million, up 6.8% year over year. Europe generated $101.9 million, down 9.9% year over year, while the Rest of the World contributed the remaining $134.4 million, down 3% year over year. Revenues from the emerging markets came in at $113.8 million, up 13.9% year over year. Financial Outlook Management expects revenues in the range of $845-$875 million in the first quarter of fiscal 2014. Earnings per share, on a GAAP basis, are expected between 58 cents and 66 cents. Moreover, non-GAAP earnings per share, including 6-7 cents per share of equity-based compensation expense, are projected in the range of 66-71 cents. For fiscal 2014, total revenue is expected to grow 4%-6% year over year. Non-GAAP earnings per share are expected to grow 6%-9% year over year. Other Stocks to Consider Amdocs currently has a Zacks Rank #3 (Hold). Other stocks in the same industry which are performing well include CoStar Group Inc. ( CSGP ), EPAM Systems Inc. ( EPAM ) and Infosys Ltd. ( INFY ). All three stocks currently have a Zacks Rank #2 (Buy). COSTAR GRP INC (CSGP): Free Stock Analysis Report AMDOCS LTD (DOX): Free Stock Analysis Report EPAM SYSTEMS (EPAM): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""In-Line Q4 Earnings at Amdocs - Analyst Blog"", ""Baron Funds Comments on CoStar Group Inc.""]"
CSGP,2013-11-07,17.651,17.675,17.024,17.042,"[""Acxiom's Q2 Adj. Earnings Fall Shy - Analyst Blog"", ""Acxiom's Q2 Adj. Earnings Fall Shy - Analyst Blog"", ""Acxiom's Q2 Adj. Earnings Fall Shy - Analyst Blog Information technology services provider Acxiom Corporation 's ( ACXM ) second-quarter fiscal 2014 adjusted earnings of 20 cents per share marginally missed the year-ago tally and the Zacks Consensus Estimate by a penny. Net income for the reported quarter dropped significantly to $9.8 million or 13 cents per share compared with $16.5 million or 21 cents per share in the year-ago quarter. The year-over-year decline in reported earnings was primarily attributable to high operating expenses. Revenues Total revenue for second quarter fiscal 2014 came in at $276.3 million, down 0.4% year over year owing to dismal performances in two of the three segments. By segments, the Marketing and Data Services segment sales improved 1.2% year over year to $201.0 million in the reported quarter. IT Infrastructure Management Services segment revenues dipped 4.7% to $66.8 million. Revenues from Other Services segment decreased 3.4% year over year to $8.5 million in the reported quarter. Margins Operating margin for the reported quarter dropped to 7.1% from 10.9% in the year-ago quarter due to lower margin from Marketing and Data Services segment, which accounts for bulk of the revenues. With reduced margin levels, Acxiom intends to trim its operating costs by approximately $20 million to $30 million within the next 6-12 months. However, this would not entail any reduction in ongoing investments for innovative products and services. Marketing and Data Services operating margin was 8.0% compared with 11.2% in the previous-year quarter. The IT Infrastructure Management segment reported an operating margin of 17.9%, up from 12.2% in the year-ago quarter, while the respective figures for the Other Services segment were 2.6% and (6.2%). Significant Quarter Developments During the reported quarter, the company launched a new Acxiom AOS (Audience Operating System) - the first of its kind cloud-based platform that delivers data and insights at marketers' fingertips for a one-to-one marketing at scale and revolutionizes customer experiences. At the same time, Acxiom introduced AboutTheData.com - the first online consumer portal that allows individuals to view and update core data elements that are part of the information Acxiom makes available to advertisers for digital marketing. Balance Sheet and Cash Flows Acxiom ended the quarter with cash and cash equivalents of $216.6 million. Long-term debt came in at $230.7 million. Net cash provided by operating activities aggregated $40.5 million during the reported quarter compared with $39.2 million in the prior-year period. Operating cash flow was $170 million for the trailing twelve-month period, compared with $176 million in the year-ago period. Free cash flow to equity stood at $69 million for the trailing twelve-month period, compared with $159 million for the prior-year period. Subsequent to the quarter-end, Acxiom refinanced its $300 million term loan and a $300 million undrawn revolving credit facility, both maturing in Oct 2018. The proceeds of the term loan were used to repay debt under its existing $215 million term loan and for other general corporate purposes. Share Repurchase In the reported quarter, Acxiom repurchased 900,000 shares for $22.7 million. Since Aug 2011, the company has repurchased 12 million shares for $179 million. Acxiom's total share repurchase authorization is worth $200 million. Outlook Concurrent with the earnings release, management slightly modified its guidance for fiscal 2014. For fiscal 2014, management expects revenues to dip marginally (versus flat projections earlier) and earnings to remain flat (unchanged from before). Management opined that fiscal 2013 was a transition period for the company, wherein it invested considerably for new product innovation and strengthening its client base. Acxiom expects to continue with these initiatives in fiscal 2014, thereby reaping synergistic benefits in future. Acxiom currently has a Zacks Rank #3 (Hold). Other stocks in the industry such as CoStar Group Inc. ( CSGP ), EPAM Systems, Inc. ( EPAM ) and Infosys Ltd. ( INFY ), each with a Zacks Rank #2 (Buy), are worth considering at the moment. ACXIOM CORP (ACXM): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report EPAM SYSTEMS (EPAM): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Acxiom's Q2 Adj. Earnings Fall Shy - Analyst Blog""]"
CSGP,2013-11-08,16.97,17.51,16.803,17.405,
CSGP,2013-11-11,17.602,17.602,17.129,17.215,
CSGP,2013-11-12,17.176,17.254,16.981,17.151,"[""Amdocs Remains Neutral - Analyst Blog"", ""Amdocs Remains Neutral - Analyst Blog"", ""Amdocs Remains Neutral - Analyst Blog We reiterate our long-term Neutral recommendation on Amdocs Ltd. ( DOX ). The company reported mixed financial results for the fourth quarter of fiscal 2013. While earnings per share were exactly in line with the Zacks Consensus Estimate, revenues slightly fell below. Why the Reiteration? Amdocs is well positioned in the market as carriers sell bundled and converged IP-based network solutions to their subscribers. These services include video, wireless, fixed-mobile converged and high-speed broadband Internet access solutions. Amdocs offers integrated customer management systems, which are essential for carriers to prevent customer churn. Huge opportunities exist for Amdocs as more telecom companies started deploying 3G/4G networks. The company has the largest customer base and the broadest product line in the industry, including a full suite of end-to-end solutions for both Business Support Systems (BSS) and Operations Support Systems (OSS). Business in North America was comparatively strong. Alongside, the emerging Asia Pacific markets are witnessing nearly double-digit revenue growth. Nevertheless, Amdocs is exposed to the global economic downturn, particularly those events that affect the telecommunications industry. The macroeconomic scenario is yet to recover completely. In addition, delay in business transformation on the part of the carriers may reduce capital spending. Economic and political uncertainty in Europe may jeopardize the company's financials, going forward. Furthermore, as the company is operating globally, it is also exposed to foreign currency exchange rate risk. Other Stocks to Consider Amdocs currently carries a Zacks Rank #2 (Buy). Other stocks in the same industry which are also doing well include CoStar Group Inc. ( CSGP ), EPAM Systems Inc. ( EPAM ) and Infosys Ltd. ( INFY ). All three stocks currently have a Zacks Rank #2 (Buy). COSTAR GRP INC (CSGP): Free Stock Analysis Report AMDOCS LTD (DOX): Free Stock Analysis Report EPAM SYSTEMS (EPAM): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Amdocs Remains Neutral - Analyst Blog""]"
CSGP,2013-11-13,17.075,17.647,17.051,17.618,
CSGP,2013-11-14,17.574,17.706,17.435,17.654,
CSGP,2013-11-15,17.629,17.875,17.421,17.617,
CSGP,2013-11-18,17.624,17.931,17.576,17.706,
CSGP,2013-11-19,17.672,17.916,17.584,17.725,"[""Acxiom Remains at Underperform - Analyst Blog"", ""Acxiom Increases Share Buyback to $250M - Analyst Blog"", ""Acxiom Remains at Underperform - Analyst Blog"", ""Acxiom Increases Share Buyback to $250M - Analyst Blog"", ""Acxiom Remains at Underperform - Analyst Blog On Nov 13, we reaffirmed our Underperform recommendation on Acxiom Corporation ( ACXM ) due to its subdued fiscal 2014 second-quarter performance. Acxiom carries a Zacks Rank #4 (Sell). Why the Underperform Recommendation? On Nov 7, 2013, Acxiom, a major player in the field of marketing services and technology, announced second-quarter fiscal 2014 adjusted earnings of 20 cents per share, missing the year-ago tally by 4.8% and the Zacks Consensus Estimate by a penny. Net income for the reported quarter dropped significantly by around 40% to $9.8 million or 13 cents per share. The year-over-year decline in reported earnings was primarily attributable to high operating and other expenses. Total revenue for second-quarter fiscal 2014 came in at $276.3 million, down 0.4% year over year owing to dismal performance in two of the three segments, namely, the IT Infrastructure Management Services and the Other Services segments. Moreover, operating margin declined to 7.1% from 10.9% in the year-ago quarter due to lower margin from the Marketing and Data Services segment, which accounted for the bulk of the revenues (around 73 %). Management also lowered its revenue guidance for fiscal 2014. Management now projects revenues to dip marginally versus the earlier projection of flat revenues. However, earnings are still expected to remain flat. In the future, Axciom intends to focus on its core areas of competency, which include database marketing and services. These new objectives are likely to involve high investments, which may adversely affect the company's profits, going forward. Following the unimpressive fiscal second-quarter results and soft outlook for the year, estimates were mostly revised downwards. The Zacks Consensus Estimate for fiscal 2014 and fiscal 2015 decreased marginally by a cent to 75 cents, over the last 30 days. Based on the poor results, bleak guidance by the management and increased price competition, we have a negative stance on the company. Other Stocks Stocks worth looking at in the industry are CoStar Group Inc. ( CSGP ), EPAM Systems, Inc. ( EPAM ) and Infosys Ltd. ( INFY ). Each hold a Zacks Rank #2 (Buy). ACXIOM CORP (ACXM): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report EPAM SYSTEMS (EPAM): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Acxiom Increases Share Buyback to $250M - Analyst Blog Acxiom Corporation ( ACXM ) recently announced that it has expanded its share repurchase authorization program by $50 million to $250 million. The program is valid for the next 12 months, but may be discontinued at any time. This information technology company has repurchased 12 million shares worth $179 million, since the program began in Aug 2011. The repurchased shares represent approximately 14.6% of the company's outstanding shares. During the second quarter of fiscal 2014, Acxiom repurchased approximately 0.9 million shares for $22.7 million. The increased share repurchase authorization program by the company is aimed to boost shareholders' wealth. On Nov 7, 2013, Acxiom reported its second-quarter fiscal 2014 results, wherein its adjusted earnings of 20 cents per share missed the Zacks Consensus Estimate by a penny. Net income decreased around 40% to $9.8 million or 13 cents per share, due to rising operating costs. Moreover, the company's top-line dropped 0.4% year over year to $276.3 million, owing to dismal performances in two out of three segments. The Infrastructure Management Services segment's revenues fell 4.7% to $66.8 million, while revenues from the Other Services segment decreased 3.4% year over year to $8.5 million. Acxiom reported cash and cash equivalents of $216.6 million for the quarter ended Sep 2013. Acxiom has been using share repurchases as a tool to reward its shareholders in recent years. The company last paid a quarterly dividend of 6 cents on Aug 19, 2008. Acxiom currently has a Zacks Rank #4 (Sell). However, stocks with a favorable Zacks Rank in the industry include CoStar Group Inc. ( CSGP ), EPAM Systems, Inc. ( EPAM ) and Infosys Ltd. ( INFY ). All these stocks carry a Zacks Rank #2 (Buy). ACXIOM CORP (ACXM): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report EPAM SYSTEMS (EPAM): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Acxiom Remains at Underperform - Analyst Blog"", ""Acxiom Increases Share Buyback to $250M - Analyst Blog""]"
CSGP,2013-11-20,17.736,17.899,17.648,17.76,
CSGP,2013-11-21,17.805,18.158,17.77,18.121,"[""Baron Funds Comments on CoStar Group Inc."", ""Baron Funds Comments on CoStar Group Inc."", ""Baron Funds Comments on CoStar Group Inc.""]"
CSGP,2013-11-22,18.113,18.2,17.884,18.056,"[""Baron Funds Comments on CoStar Group Inc."", ""Baron Funds Comments on CoStar Group Inc."", ""Baron Funds Comments on CoStar Group Inc.""]"
CSGP,2013-11-25,18.196,18.361,17.935,18.021,
CSGP,2013-11-26,18.062,18.384,17.982,18.346,
CSGP,2013-11-27,18.412,18.67,18.259,18.662,
CSGP,2013-11-29,18.783,18.843,18.528,18.624,
CSGP,2013-12-02,18.599,18.635,18.405,18.528,
CSGP,2013-12-03,18.453,18.608,18.245,18.288,
CSGP,2013-12-04,18.172,18.338,17.657,17.704,
CSGP,2013-12-05,17.679,18.109,17.679,17.915,"[""Life At The Office? Apartments Arise In Old Work Digs"", ""Life At The Office? Apartments Arise In Old Work Digs"", ""Life At The Office? Apartments Arise In Old Work Digs""]"
CSGP,2013-12-06,17.986,18.598,17.984,18.572,"[""Unisys to Upgrade EU Network - Analyst Blog"", ""Unisys to Upgrade EU Network - Analyst Blog"", ""Unisys to Upgrade EU Network - Analyst Blog""]"
CSGP,2013-12-09,18.592,18.6,18.345,18.548,"[""Acxiom Corporation (ACXM) in Focus: Stock Moves 6.8% Higher - Tale of the Tape"", ""Infosys Hits 52-Week High - Analyst Blog"", ""Infosys Hits 52-Week High - Analyst Blog"", ""Acxiom Corporation (ACXM) in Focus: Stock Moves 6.8% Higher - Tale of the Tape"", ""Acxiom Corporation (ACXM) in Focus: Stock Moves 6.8% Higher - Tale of the Tape Acxiom Corporation ( ACXM ) was a big mover last session, as the company saw its shares rise by nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up above 13% in the past one-month time frame. The company has seen one negative estimate revision in the past 30 days and its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday's move higher can last. Acxiom currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%. However, some better-ranked IT services stocks include CoStar Group Inc. ( CSGP ), Amdocs Limited ( DOX ) and EPAM Systems, Inc. ( EPAM ). All these stocks carry a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >> ACXIOM CORP (ACXM): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report AMDOCS LTD (DOX): Free Stock Analysis Report EPAM SYSTEMS (EPAM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Infosys Hits 52-Week High - Analyst Blog Shares of Infosys Ltd. ( INFY ) hit a 52-week high of $55.80 during Friday's trading session. However, the stock closed the session at $55.48, reflecting a solid year-to-date return of 29.4%. The average trading volume for the last three months aggregated 1,236,850 shares. Infosys delivered positive earnings surprises in the last four quarters with an average beat of 5.27%. This Zacks Rank #2 (Buy) company has a market cap of $31.7 billion and a long-term expected earnings growth rate of 13.4%. Growth Drivers Infosys has a strong balance sheet and generates a substantial cash flow. In the last quarter the company reported a strong top-line driven by higher revenues across its businesses and regions. In addition, positive estimate revisions, strong client additions especially from Fortune 500 companies and new deal wins are some of the catalysts driving the stock. On Oct 11, Infosys reported modest second-quarter 2014 results with earnings declining 10.7% year over year primarily due to negative currency impact. However the company's top-line rose 15.0% year over year and 3.8% sequentially. The company witnessed volume growth, client additions, five large deal wins and increased sales momentum in its big data and cloud offerings. In addition, the company maintains a sound and flexible balance sheet with ample liquidity that enables it to capitalize on potential acquisition opportunities to fuel its top-line growth. Infosys has a pristine balance sheet, with more than $4.0 billion in cash & cash equivalents and no debt. Driven by the strong top line growth in the second quarter, management increased its revenue guidance for fiscal 2014. Revenues are expected to increase in the range of 9% to 10% against 6% to 10% mentioned earlier. This apart, its co-founder Narayana Murthy who joined the company in Jun 2013, outlined some strategies to bring the company back on its profit making track. The initiatives set by the Murthy primarily focus on winning large deals while maintaining the market share. Second, he focused on addressing the high costs of the company through a cost optimization strategy. In addition, Murthy also emphasized improving employee morale through efficient rewards. Estimate Revisions Over the last 60 days, 7 out of 9 estimates for 2014 have been revised upward while only one estimate was revised lower, which led to a 2.1% rise in the Zacks Consensus Estimate to $2.96 per share. For 2015, 9 out of 10 estimates moved upward, helping the Zacks Consensus Estimate advance 5.2% to $3.24 per share Other Stocks to Consider Infosys currently has a short-term Zacks Rank #2 (Buy). Some other similarly- placed stocks operating in the industry include Amdocs Ltd ( DOX ), EPAM Systems, Inc. ( EPAM ) and CoStar Group Inc. ( CSGP ). All three stocks carry a Zacks Rank #2 (Buy). COSTAR GRP INC (CSGP): Free Stock Analysis Report AMDOCS LTD (DOX): Free Stock Analysis Report EPAM SYSTEMS (EPAM): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Infosys Hits 52-Week High - Analyst Blog"", ""Acxiom Corporation (ACXM) in Focus: Stock Moves 6.8% Higher - Tale of the Tape""]"
CSGP,2013-12-10,18.524,18.727,18.339,18.396,"[""Unisys Hits 52-Week High - Analyst Blog"", ""Unisys Hits 52-Week High - Analyst Blog"", ""Unisys Hits 52-Week High - Analyst Blog Shares of Unisys Corporation ( UIS ) hit a 52-week high of $30.71 during the trading session on Dec 9. However, the stock closed the session at $30.16, which reflects a solid year-to-date return of 67.9%. The average trading volume aggregated 360,879 shares. Despite its strong price appreciation, this Zacks Rank #3 (Hold) stock still has enough fundamentals that may further drive the stock upward. Longer term, the company is excited about the growth prospects of its newer technology offerings, such as Unisys Stealth suite of cybersecurity products and investments in the solution areas. Growth Drivers Unisys has been restructuring its business to improve profitability. This restructuring strategy includes slashing jobs to reduce costs, selling non-core businesses and revamping its sales strategy, while also investing on some higher-growth areas such as outsourcing. The company is currently concentrating on business opportunities in fewer, more profitable markets in the information technology (IT) marketplace. Unisys is currently focusing more to build specialized industry skills and resources required to win industry-specific project opportunities. The company is investing heavily on developing a team dedicated to pursuing growth opportunities for application-managed services both for existing and new clients. Additionally, in order to increase market awareness of its offerings and drive growth, Unisys is also increasing its marketing and sales initiatives. Unisys remains bullish about achieving strong long-term growth from its Technology segment with new product offerings. Estimate Revisions Over the last 30 days, the earnings estimates did not have any upward or downward revisions for 2013 and 2014. Although there is a lacuna of estimate revisions, we envision an uptrend for the stock backed by its strong growth potential. Other Stocks to Consider Other stocks that look promising and are worth a look now include A mdocs Limited (D OX ), CoStar Group Inc ( CSGP ) and Infosys Ltd ( INFY ). All these stocks carry a Zacks Rank #2 (Buy). COSTAR GRP INC (CSGP): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Unisys Hits 52-Week High - Analyst Blog""]"
CSGP,2013-12-11,18.463,18.485,17.752,17.82,
CSGP,2013-12-12,17.792,17.934,17.597,17.609,"[""How Shopping Power Centers Survived A Big Retail Rout"", ""How Shopping Power Centers Survived A Big Retail Rout"", ""How Shopping Power Centers Survived A Big Retail Rout""]"
CSGP,2013-12-13,17.691,17.87,17.481,17.708,
CSGP,2013-12-16,17.8,17.961,17.641,17.955,
CSGP,2013-12-17,17.945,17.95,17.636,17.801,
CSGP,2013-12-18,17.838,18.164,17.742,18.128,
CSGP,2013-12-19,18.161,18.225,17.754,17.808,
CSGP,2013-12-20,17.895,18.398,17.567,18.316,
CSGP,2013-12-23,18.37,18.587,18.276,18.307,
CSGP,2013-12-24,18.339,18.503,18.215,18.386,
CSGP,2013-12-26,18.487,18.562,18.341,18.438,"[""Infosys Hits 52-Week High - Analyst Blog"", ""Infosys Hits 52-Week High - Analyst Blog"", ""Infosys Hits 52-Week High - Analyst Blog Shares of Infosys Ltd. ( INFY ) hit a 52-week high of $57.25 during Tuesday's trading session. However, the stock closed the session at $57.15, reflecting a solid year-to-date return of 33.3%. The average trading volume for the last three months aggregated 850,666 shares. Infosys delivered positive earnings surprises in the last four quarters with an average beat of 5.27%. This Zacks Rank #3 (Hold) company has a market cap of $32.7 billion with long-term earnings growth expectations of 13.4%. Growth Drivers Infosys has a strong balance sheet and generates a substantial cash flow. In the last quarter, the company reported higher revenues across its businesses and regions. In addition, positive estimate revisions, strong client additions, and new deals are some of the catalysts driving the stock. On Oct 11, Infosys reported modest second-quarter 2014 results with the top-line increasing 15.0% year over year and 3.8% sequentially. The company witnessed volume growth, client additions, won five large deals and increased sales momentum in its big data and cloud offerings. In addition, the company had a sound and flexible balance sheet with ample liquidity to capitalize on potential acquisition opportunities and fuel its top-line growth. Infosys has a pristine balance sheet, with more than $4.0 billion in cash & cash equivalents and no debt. Driven by the strong top-line growth in the second quarter, management increased its revenue guidance for fiscal 2014. Revenues are expected to increase in the range of 9% to 10% versus 6% to 10% anticipated earlier. Recently, Infosys under its Infosys McCamish Systems LLC wing has launched an innovative customer service platform named VPAS Customer Service Work Desk (CSWD) to leverage its BPO business by enhancing operational excellence and customer experience. Furthermore, its co-founder Narayana Murthy, who rejoined in Jun 2013, outlined some strategies to bring the company back on its profit-making track. The initiatives set by Murthy primarily focus on winning large deals while maintaining market share through a cost-optimization strategy. In addition, Murthy has also emphasized on improving employee morale through efficient rewards to retain human capital. Estimate Revisions Over the last 7 days, earnings estimates for Infosys did not show any upward or downward revision for 2013. Although there is a lacuna of estimate revisions, we envision an uptrend for the stock backed by its strong growth potential. Other Stocks to Consider Some other favorably-ranked stocks operating in the industry include Amdocs Ltd ( DOX ), Cognizant Technology Solutions Corporation ( CTSH ) and CoStar Group Inc. ( CSGP ). All three stocks carry a Zacks Rank #2 (Buy). COSTAR GRP INC (CSGP): Free Stock Analysis Report COGNIZANT TECH (CTSH): Free Stock Analysis Report AMDOCS LTD (DOX): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Infosys Hits 52-Week High - Analyst Blog""]"
CSGP,2013-12-27,18.498,18.596,18.337,18.396,
CSGP,2013-12-30,18.397,18.484,18.174,18.225,
CSGP,2013-12-31,18.297,18.522,18.27,18.458,
CSGP,2014-01-02,18.392,18.4,17.989,18.188,
CSGP,2014-01-03,18.226,18.452,18.16,18.408,
CSGP,2014-01-06,18.523,18.523,18.105,18.215,
CSGP,2014-01-07,18.281,18.524,18.185,18.245,
CSGP,2014-01-08,18.184,18.23,17.785,18.007,
CSGP,2014-01-09,18.114,18.25,17.958,18.019,
CSGP,2014-01-10,18.027,18.194,17.577,17.763,
CSGP,2014-01-13,17.673,17.988,17.384,17.453,
CSGP,2014-01-14,17.56,17.949,17.52,17.881,
CSGP,2014-01-15,17.869,17.951,17.754,17.796,
CSGP,2014-01-16,17.711,18.0,17.699,17.902,
CSGP,2014-01-17,17.899,17.934,17.724,17.882,
CSGP,2014-01-21,18.047,18.047,17.446,17.641,
CSGP,2014-01-22,17.628,17.987,17.567,17.95,
CSGP,2014-01-23,17.897,17.983,17.71,17.918,
CSGP,2014-01-24,17.746,17.87,17.48,17.619,
CSGP,2014-01-27,17.568,17.648,16.777,16.786,
CSGP,2014-01-28,16.791,17.089,16.378,17.043,
CSGP,2014-01-29,16.79,17.0,16.573,16.678,
CSGP,2014-01-30,16.882,16.964,16.657,16.909,
CSGP,2014-01-31,16.571,17.255,16.571,17.204,
CSGP,2014-02-03,17.205,17.213,16.821,16.916,
CSGP,2014-02-04,16.987,17.145,16.855,16.901,
CSGP,2014-02-05,16.786,17.01,16.553,16.925,
CSGP,2014-02-06,17.026,17.234,17.015,17.225,
CSGP,2014-02-07,17.214,17.603,17.15,17.53,
CSGP,2014-02-10,17.309,17.49,17.138,17.358,
CSGP,2014-02-11,17.422,17.422,17.187,17.367,
CSGP,2014-02-12,17.348,17.528,17.271,17.357,
CSGP,2014-02-13,17.274,18.319,17.274,18.225,"[""Wells Fargo Initiates Coverage on CoStar Group, Inc. at Outperform"", ""Wells Fargo Initiates Coverage on CoStar Group, Inc. at Outperform"", ""Wells Fargo Initiates Coverage on CoStar Group, Inc. at Outperform""]"
CSGP,2014-02-14,18.23,18.289,17.901,18.16,"iShares Russell 2000 ETF Experiences Big Inflow Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the iShares Russell 2000 ETF (Symbol: IWM) where we have detected an approximate $1.2 billion dollar inflow -- that's a 5.0% increase week over week in outstanding units (from 212,600,000 to 223,300,000). Among the largest underlying components of IWM, in trading today CoStar Group, Inc. (Symbol: CSGP) is down about 0.2%, Alnylam Pharmaceuticals Inc (Symbol: ALNY) is off about 2.5%, and Middleby Corp. (Symbol: MIDD) is lower by about 0.9%. The chart below shows the one year price performance of IWM, versus its 200 day moving average: Looking at the chart above, IWM's low point in its 52 week range is $88.79 per share, with $117.37 as the 52 week high point - that compares with a last trade of $113.83. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2014-02-18,18.129,18.577,18.122,18.292,
CSGP,2014-02-19,18.179,18.468,17.976,18.162,"[""CoStar GroUp, Inc. Reports Q4 EPS of $0.78 vs $0.74 Est; Revenue of $115.61M vs $113.87M Est"", ""CoStar GroUp, Inc. Reports Q4 EPS of $0.78 vs $0.74 Est; Revenue of $115.60M vs $113.87M Est"", ""CoStar Group, Inc. Sees FY2014 EPS $2.92-3.02 vs $2.96 Est; Sees Sales $490.0M-498.0M vs $491.13M Est"", ""CoStar Group, Inc. Sees Q1 EPS $0.62-0.66 vs $0.62 Est; Sees Sales $116.0M-118.0M vs $115.20M Est"", ""CoStar Group, Inc. Sees FY2014 EPS $2.92-3.02 vs $2.96 Est; Sees Sales $490.0M-498.0M vs $491.13M Est"", ""CoStar Group, Inc. Sees Q1 EPS $0.62-0.66 vs $0.62 Est; Sees Sales $116.0M-118.0M vs $115.20M Est"", ""CoStar GroUp, Inc. Reports Q4 EPS of $0.78 vs $0.74 Est; Revenue of $115.60M vs $113.87M Est"", ""CoStar GroUp, Inc. Reports Q4 EPS of $0.78 vs $0.74 Est; Revenue of $115.61M vs $113.87M Est"", ""CoStar Group, Inc. Sees FY2014 EPS $2.92-3.02 vs $2.96 Est; Sees Sales $490.0M-498.0M vs $491.13M Est"", ""CoStar Group, Inc. Sees Q1 EPS $0.62-0.66 vs $0.62 Est; Sees Sales $116.0M-118.0M vs $115.20M Est"", ""CoStar GroUp, Inc. Reports Q4 EPS of $0.78 vs $0.74 Est; Revenue of $115.60M vs $113.87M Est"", ""CoStar GroUp, Inc. Reports Q4 EPS of $0.78 vs $0.74 Est; Revenue of $115.61M vs $113.87M Est""]"
CSGP,2014-02-20,18.251,18.381,17.279,18.3,
CSGP,2014-02-21,18.334,19.899,18.315,19.797,
CSGP,2014-02-24,19.86,20.554,19.86,20.484,
CSGP,2014-02-25,20.586,20.71,20.364,20.445,
CSGP,2014-02-26,20.509,20.73,20.21,20.263,
CSGP,2014-02-27,20.179,20.46,20.125,20.381,"[""Can CoStar (CSGP) Continue to Rise? - Tale of the Tape"", ""Can CoStar (CSGP) Continue to Rise? - Tale of the Tape"", ""Can CoStar (CSGP) Continue to Rise? - Tale of the Tape Investors have definitely seen some solid trading in CoStar Group Inc ( CSGP ) lately, leading to gains for some. However, CSGP is now in overbought territory thanks to its latest move, as the firm has an RSI value of 73.8. Additionally, CoStar currently has a Zacks Rank #4 (Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock. COSTAR GRP INC (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Can CoStar (CSGP) Continue to Rise? - Tale of the Tape""]"
CSGP,2014-02-28,20.37,20.5,19.945,20.104,
CSGP,2014-03-03,20.17,20.338,19.9,20.028,"[""CoStar to Acquire Apartments.com for $585M in Cash"", ""CoStar to Acquire Apartments.com for $585M in Cash"", ""CoStar to Acquire Apartments.com for $585M in Cash""]"
CSGP,2014-03-04,20.499,21.817,20.222,21.4,"[""CoStar Group to Acquire Apartments.com - Analyst Blog"", ""CoStar Group to Acquire Apartments.com - Analyst Blog"", ""CoStar Group to Acquire Apartments.com - Analyst Blog""]"
CSGP,2014-03-05,21.259,21.444,21.051,21.199,
CSGP,2014-03-06,21.206,21.253,20.895,21.12,
CSGP,2014-03-07,21.049,21.231,20.732,21.178,
CSGP,2014-03-10,21.116,21.172,20.8,20.893,
CSGP,2014-03-11,20.813,21.038,20.7,20.781,
CSGP,2014-03-12,20.639,21.076,20.516,20.999,
CSGP,2014-03-13,21.101,21.268,20.657,20.778,
CSGP,2014-03-14,20.671,21.1,20.611,20.735,
CSGP,2014-03-17,20.825,21.2,20.731,20.847,
CSGP,2014-03-18,20.934,21.205,20.854,20.9,
CSGP,2014-03-19,20.866,20.895,20.298,20.515,
CSGP,2014-03-20,20.419,21.164,20.342,21.059,
CSGP,2014-03-21,21.09,21.104,20.676,20.699,
CSGP,2014-03-24,20.669,20.746,19.966,20.332,
CSGP,2014-03-25,20.494,20.714,19.855,19.865,
CSGP,2014-03-26,20.048,20.08,19.388,19.403,
CSGP,2014-03-27,19.439,19.565,18.696,19.013,
CSGP,2014-03-28,18.994,19.36,18.474,18.592,
CSGP,2014-03-31,18.761,19.154,18.13,18.674,
CSGP,2014-04-01,18.951,18.964,18.623,18.895,"[""CoStar Group Closes Its Acquisition of Apartments.com"", ""Costar Group Announces Filing of Multi-State Suits Against 8 Real Estate Firms, Individuals Related to Theft of Co. Services"", ""Costar Group Announces Filing of Multi-State Suits Against 8 Real Estate Firms, Individuals Related to Theft of Co. Services"", ""CoStar Group Closes Its Acquisition of Apartments.com"", ""Costar Group Announces Filing of Multi-State Suits Against 8 Real Estate Firms, Individuals Related to Theft of Co. Services"", ""CoStar Group Closes Its Acquisition of Apartments.com""]"
CSGP,2014-04-02,18.996,19.052,18.562,18.667,
CSGP,2014-04-03,18.616,18.813,18.493,18.693,
CSGP,2014-04-04,18.959,19.337,17.473,17.498,
CSGP,2014-04-07,17.211,17.68,16.411,16.643,"Notable Two Hundred Day Moving Average Cross - CSGP In trading on Monday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed below their 200 day moving average of $171.32, changing hands as low as $169.53 per share. CoStar Group, Inc. shares are currently trading down about 2.8% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $104.65 per share, with $218.17 as the 52 week high point - that compares with a last trade of $170.53. According to the ETF Finder at ETF Channel, CSGP makes up 2.49% of the PowerShares Dynamic Media Portfolio ETF (Symbol: PBS) which is trading lower by about 1.2% on the day Monday. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2014-04-08,16.129,16.997,16.037,16.83,"Noteworthy ETF Outflows: IWO, ATHN, AYI, CSGP Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the iShares Russell 2000 Growth ETF (Symbol: IWO) where we have detected an approximate $293.6 million dollar outflow -- that's a 4.8% decrease week over week (from 46,750,000 to 44,500,000). Among the largest underlying components of IWO, in trading today Athenahealth Inc (Symbol: ATHN) is down about 0.9%, Acuity Brands Inc (Symbol: AYI) is down about 1.5%, and CoStar Group, Inc. (Symbol: CSGP) is lower by about 2%. The chart below shows the one year price performance of IWO, versus its 200 day moving average: Looking at the chart above, IWO's low point in its 52 week range is $101.53 per share, with $143.70 as the 52 week high point - that compares with a last trade of $129.53. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2014-04-09,16.831,17.535,16.757,17.437,
CSGP,2014-04-10,17.389,17.6,15.947,16.192,
CSGP,2014-04-11,16.035,16.393,15.462,15.493,
CSGP,2014-04-14,15.687,15.958,15.336,15.523,
CSGP,2014-04-15,15.553,15.821,14.957,15.527,
CSGP,2014-04-16,15.646,16.354,15.384,16.234,
CSGP,2014-04-17,16.231,16.78,15.988,16.56,
CSGP,2014-04-21,17.131,17.391,16.539,17.197,"[""B. Riley Upgrades CoStar Group, Inc. to Buy, Removes PT to $210.00"", ""B. Riley Upgrades CoStar Group, Inc. to Buy, Removes PT to $210.00"", ""B. Riley Upgrades CoStar Group, Inc. to Buy, Removes PT to $210.00""]"
CSGP,2014-04-22,17.253,17.7,17.078,17.51,
CSGP,2014-04-23,16.966,17.779,16.966,17.369,"[""CoStar GroUp, Inc. Reports Q1 EPS of $0.69 vs $0.64 Est; Revenue of $119.10M vs $117.66M Est"", ""CoStar Group, Inc. Sees FY2014 EPS $3.05-3.15 vs $3.01 Est"", ""CoStar Group, Inc. Sees FY2014 EPS $3.05-3.15 vs $3.01 Est"", ""CoStar GroUp, Inc. Reports Q1 EPS of $0.69 vs $0.64 Est; Revenue of $119.10M vs $117.66M Est"", ""CoStar Group, Inc. Sees FY2014 EPS $3.05-3.15 vs $3.01 Est"", ""CoStar GroUp, Inc. Reports Q1 EPS of $0.69 vs $0.64 Est; Revenue of $119.10M vs $117.66M Est""]"
CSGP,2014-04-24,17.98,17.98,16.247,16.315,
CSGP,2014-04-25,16.001,16.434,15.812,15.934,
CSGP,2014-04-28,16.27,16.361,15.038,15.654,
CSGP,2014-04-29,15.86,16.323,15.578,16.12,
CSGP,2014-04-30,16.008,16.229,15.545,16.089,
CSGP,2014-05-01,16.231,16.656,15.875,16.127,
CSGP,2014-05-02,16.402,16.402,15.876,16.194,
CSGP,2014-05-05,16.208,16.372,15.785,16.342,
CSGP,2014-05-06,16.002,16.353,15.702,15.812,
CSGP,2014-05-07,15.886,15.952,15.107,15.472,
CSGP,2014-05-08,15.391,16.109,15.314,15.578,
CSGP,2014-05-09,15.436,15.876,15.281,15.789,
CSGP,2014-05-12,15.707,16.317,15.707,16.098,
CSGP,2014-05-13,15.985,16.149,15.54,15.575,
CSGP,2014-05-14,15.571,15.599,15.146,15.237,
CSGP,2014-05-15,15.148,15.337,14.7,15.242,
CSGP,2014-05-16,15.261,15.417,15.041,15.394,
CSGP,2014-05-19,15.304,15.611,15.182,15.51,
CSGP,2014-05-20,15.422,15.521,14.958,15.055,
CSGP,2014-05-21,15.145,15.554,14.903,15.282,
CSGP,2014-05-22,15.337,15.826,14.966,15.722,
CSGP,2014-05-23,15.752,16.188,15.563,16.135,
CSGP,2014-05-27,16.058,16.735,16.058,16.458,
CSGP,2014-05-28,16.417,16.719,16.112,16.117,
CSGP,2014-05-29,16.263,16.263,15.931,16.047,
CSGP,2014-05-30,16.981,16.981,15.561,15.855,
CSGP,2014-06-02,15.941,16.05,15.637,15.905,"[""Filing from Costar Group Shows Registration for Automatic Mixed Securities Shelf"", ""Costar Group Reports Offering for 2M Shares of Common Stock, Will Use Proceeds for Acquisitions"", ""Costar Group Reports Offering for 2M Shares of Common Stock, Will Use Proceeds for Acquisitions"", ""Filing from Costar Group Shows Registration for Automatic Mixed Securities Shelf"", ""Costar Group Reports Offering for 2M Shares of Common Stock, Will Use Proceeds for Acquisitions"", ""Filing from Costar Group Shows Registration for Automatic Mixed Securities Shelf""]"
CSGP,2014-06-03,15.696,15.914,15.465,15.657,"4 Cheap Off the Radar Small-Cap Stocks Michael Balkin, co-manager of the William Blair Small Cap Growth Fund, names some top picks."
CSGP,2014-06-04,15.584,16.103,15.441,16.04,
CSGP,2014-06-05,16.056,16.421,15.823,16.221,"[""CoStar Group Prices 3M Share Offering at $160.00/Share"", ""CoStar Group Prices 3M Share Offering at $160.00/Share""]"
CSGP,2014-06-06,16.4,17.1,16.348,16.951,"[""CoStar Group Prices Offering of 3M Shares - Analyst Blog"", ""CoStar Group Prices 3M Share Offering at $160.00/Share"", ""CoStar Group Prices Offering of 3M Shares - Analyst Blog"", ""CoStar Group Prices Offering of 3M Shares - Analyst Blog CoStar Group, Inc. ( CSGP ), a leading provider of commercial real estate information, analytics and marketing services, announced the pricing of a public offering of three million common shares at $160.00 per share. The offering is expected to generate net proceeds of $460.1 million. The company has granted the underwriters a 30-day option to buy up to 450,000 additional shares of it common stock. In case the underwriters exercise their option to buy additional shares in full, CoStar expects to raise $529.2 million, after accounting for underwriting discounts and commissions, and other projected offering expenses. The offering is expected to close on or about Jun 11, 2014, subject to customary conditions. The present offering represents an upsizing of the company's previously announced stock offering of two million shares. JPMorgan Chase & Co. ( JPM ), Wells Fargo Securities, The Goldman Sachs Group, Inc. ( GS ), BofA Merrill Lynch, Citigroup Inc. ( C ) and SunTrust Robinson Humphrey will be the joint book-running managers of the offering. CoStar intends to use the net proceeds from the stock offering to finance all or part of the expenses associated with any future strategic acquisitions. The funds may also be used for general corporate purposes, such as to meet the company's ongoing working capital requirements as well as to finance its operational growth. After acquiring Apartments.com in Apr 2014 and LoopNet in Apr 2012, CoStar is on the look out for further inorganic growth opportunities. The company is focused on seamlessly aligning and integrating Apartments.com into its operations to unlock the full potential of he combined companies' robust operational network. CoStar expects the acquisition to result in significant synergies and generate sustainable revenue and earnings growth, going forward. Costar presently carries a Zacks Rank #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JPMORGAN CHASE (JPM): Free Stock Analysis Report CITIGROUP INC (C): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Prices Offering of 3M Shares - Analyst Blog""]"
CSGP,2014-06-09,16.857,17.159,16.731,16.89,
CSGP,2014-06-10,16.757,16.897,16.351,16.389,
CSGP,2014-06-11,16.287,16.497,16.211,16.436,
CSGP,2014-06-12,16.406,16.5,16.038,16.193,
CSGP,2014-06-13,16.21,16.381,16.109,16.121,
CSGP,2014-06-16,16.181,16.463,15.8,16.144,
CSGP,2014-06-17,16.109,16.418,15.944,16.008,
CSGP,2014-06-18,16.0,16.249,15.781,16.226,
CSGP,2014-06-19,16.106,16.286,15.917,15.979,
CSGP,2014-06-20,16.0,16.0,15.831,15.912,
CSGP,2014-06-23,15.882,15.937,15.551,15.614,
CSGP,2014-06-24,15.738,16.066,15.599,15.725,
CSGP,2014-06-25,15.73,15.836,15.338,15.579,
CSGP,2014-06-26,15.636,15.874,15.305,15.818,
CSGP,2014-06-27,15.716,15.878,15.508,15.702,
CSGP,2014-06-30,16.036,16.353,15.793,15.817,"[""JMP Securities Upgrades CoStar Group, Inc. to Market Outperform, Announces $210.00 PT"", ""JMP Securities Upgrades CoStar Group, Inc. to Market Outperform, Announces $210.00 PT"", ""JMP Securities Upgrades CoStar Group, Inc. to Market Outperform, Announces $210.00 PT""]"
CSGP,2014-07-01,15.896,16.254,15.68,16.01,
CSGP,2014-07-02,16.053,16.088,15.629,15.664,
CSGP,2014-07-03,15.693,15.94,15.511,15.858,"[""Zacks Rank #5 Additions for Thursday - Tale of the Tape"", ""Zacks Rank #5 Additions for Thursday - Tale of the Tape"", ""Zacks Rank #5 Additions for Thursday - Tale of the Tape Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Acacia Research Corp ( ACTG ) AEGON N.V. ( AEG ) Chemical Financial Corporation ( CHFC ) CoStar Group Inc ( CSGP ) CSR PLC ( CSRE ) View the entire Zacks Rank #5 List . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ACACIA RESEARCH (ACTG): Free Stock Analysis Report AEGON N V (AEG): Free Stock Analysis Report CHEMICAL FINL (CHFC): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report CSR PLC-ADR (CSRE): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Zacks Rank #5 Additions for Thursday - Tale of the Tape""]"
CSGP,2014-07-07,15.753,15.772,15.386,15.428,
CSGP,2014-07-08,15.38,15.38,14.72,14.786,
CSGP,2014-07-09,14.82,14.98,14.747,14.763,
CSGP,2014-07-10,14.572,14.76,14.437,14.679,
CSGP,2014-07-11,14.711,14.847,14.559,14.702,
CSGP,2014-07-14,14.828,14.905,14.558,14.593,
CSGP,2014-07-15,14.644,14.736,14.376,14.586,
CSGP,2014-07-16,14.632,14.684,14.374,14.404,
CSGP,2014-07-17,14.316,14.342,13.877,13.916,
CSGP,2014-07-18,13.904,14.309,13.849,14.243,
CSGP,2014-07-21,14.159,14.159,13.863,13.876,
CSGP,2014-07-22,13.982,14.372,13.903,14.262,
CSGP,2014-07-23,14.221,14.414,14.213,14.359,"[""CoStar GroUp, Inc. Reports Q2 EPS of $0.80 vs $0.70 Est; Revenue of $147.70M vs $144.23M Est"", ""CoStar GroUp, Inc. Reports Q2 EPS of $0.80 vs $0.70 Est; Revenue of $147.70M vs $144.23M Est""]"
CSGP,2014-07-24,14.807,16.583,14.807,15.379,"[""CoStar GroUp, Inc. Reports Q2 EPS of $0.80 vs $0.70 Est; Revenue of $147.70M vs $144.23M Est"", ""Markets Mostly Flat; Ford Posts Upbeat Profit"", ""U.S. Markets Edge Higher; Facebook Shares Surge On Upbeat Results"", ""U.S. Markets Trade Flat; Liberty Media Shares Surge On Senior Note Conversation Rate Change"", ""U.S. Markets Trade Flat; Liberty Media Shares Surge On Senior Note Conversation Rate Change"", ""U.S. Markets Edge Higher; Facebook Shares Surge On Upbeat Results"", ""Markets Mostly Flat; Ford Posts Upbeat Profit"", ""U.S. Markets Trade Flat; Liberty Media Shares Surge On Senior Note Conversation Rate Change Entering into the last 60 minutes of trading on Thursday, the Dow traded down 0.05 percent to 17,078.62 while the NASDAQ traded flat, up 0.03 percent to 4,472.28. The S&P rose, gaining 0.03 percent to 1,987.69. Leading and Lagging Sectors Financial sector was the top gainer in today's trading. Meanwhile, top gainers in the sector included CoStar Group (NASDAQ: CSGP ), up 11.5 percent, and Intermountain Community Bancorp (NASDAQ: IMCB ), up 10.36 percent. In trading on Thursday, healthcare shares were relative leaders, up on the day by about 0.16 percent. Top decliners in the sector included Clearfield (NASDAQ: CLFD ), down 15.30 percent, and Invacare (NYSE: IVC ), off 16.77 percent. Top Headline Ford Motor Co (NYSE: F ) reported better-than-expected second-quarter earnings. The Dearborn, Michigan-based company posted a quarterly profit of $1.31 billion, or $0.32 per share, versus a year-ago profit of $1.23 billion, or $0.30 per share. Its earnings after tax, excluding special items, came in at $0.40 per share. Its revenue fell to $37.4 billion from $37.9 billion. However, analysts were expecting earnings of $0.36 per share on revenue of $36.16 billion. Equities Trading UP Logitech International SA (NASDAQ: LOGI ) shares shot up 15.08 percent to $15.34 after the company reported better-than-expected quarterly results and raised its operating income forecast. Shares of Facebook (NASDAQ: FB ) got a boost, shooting up 5.34 percent to $75.10 after the company reported stronger-than-expected second-quarter results on strong growth in daily users and advertising revenue. VASCO Data Security International (NASDAQ: VDSI ) shares were also up, gaining 16.12 percent to $13.47 after the company reported upbeat quarterly results and issued a strong FY14 revenue forecast. Equities Trading DOWN Shares of Liberty Media (NASDAQ: LMCA ) were down 65.30 percent to $49.03 after the company announced adjustment to the conversion rate of its 1.375% cash convertible senior notes due 2023. TripAdvisor (NASDAQ: TRIP ) shares tumbled 5.74 percent to $101.24 after the company reported weaker-than-expected second-quarter profit. QUALCOMM (NASDAQ: QCOM ) was down, falling 6.74 percent to $76.11 after the company issued downbeat earnings forecast for the current quarter. However, the company reported a 42% rise in its fiscal third-quarter net income. Evercore Partners downgraded QUALCOMM from Overweight to Equal-weight and lowered the price target from $88.00 to $83.00. Commodities In commodity news, oil traded down 0.89 percent to $102.20, while gold traded down 1.03 percent to $1,291.30. Silver traded down 2.98 percent Thursday to $20.37, while copper rose 1.79 percent to $3.26. Eurozone European shares were higher today. The eurozone's STOXX 600 jumped 0.29 percent, the Spanish IBEX Index climbed 1.89 percent, while Italy's FTSE MIB Index rose 1.88 percent. Meanwhile, the German DAX gained 0.42 percent and the French CAC 40 climbed 0.78 percent while UK shares rose 0.19 percent. Economics US jobless claims fell by 19,000 to 284,000 in the week that ended July 19. However, economists were expecting initial claims of 310,000 in the week. The flash reading of Markit PMI manufacturing index fell to 56.30 in July, versus a prior reading of 57.30. However, economists were expecting a reading of 57.50. Sales of new homes dropped 8.1% to an annual rate of 406,000 in June. However, economists were expecting a rate of 475,000. The Kansas City Fed manufacturing index rose to 9.00 in July, versus a prior reading of 6.00. However, economists were expecting a reading of 6.00. US natural-gas stockpiles increased 90 bcf last week, the Energy Information Administration reported. Data on money supply will be released at 4:30 p.m. ET. \u00a9 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""U.S. Markets Edge Higher; Facebook Shares Surge On Upbeat Results Midway through trading Thursday, the Dow traded up 0.11 percent to 17,105.00 while the NASDAQ surged 0.21 percent to 4,483.11. The S&P also rose, gaining 0.19 percent to 1,990.84. Leading and Lagging Sectors Financial sector was the top gainer in today's trading. Meanwhile, top gainers in the sector included CoStar Group (NASDAQ: CSGP ), up 11.5 percent, and Intermountain Community Bancorp (NASDAQ: IMCB ), up 10.2 percent. In trading on Thursday, healthcare shares were relative leaders, up on the day by about 0.16 percent. Top decliners in the sector included Clearfield (NASDAQ: CLFD ), down 16.8 percent, and Invacare (NYSE: IVC ), off 14.9 percent. Top Headline Ford Motor Co (NYSE: F ) reported better-than-expected second-quarter earnings. The Dearborn, Michigan-based company posted a quarterly profit of $1.31 billion, or $0.32 per share, versus a year-ago profit of $1.23 billion, or $0.30 per share. Its earnings after tax, excluding special items, came in at $0.40 per share. Its revenue fell to $37.4 billion from $37.9 billion. However, analysts were expecting earnings of $0.36 per share on revenue of $36.16 billion. Equities Trading UP Logitech International SA (NASDAQ: LOGI ) shares shot up 15.45 percent to $15.39 after the company reported better-than-expected quarterly results and raised its operating income forecast. Shares of Facebook (NASDAQ: FB ) got a boost, shooting up 6.62 percent to $76.01 after the company reported stronger-than-expected second-quarter results on strong growth in daily users and advertising revenue. VASCO Data Security International (NASDAQ: VDSI ) shares were also up, gaining 20.69 percent to $14.00 after the company reported upbeat quarterly results and issued a strong FY14 revenue forecast. Equities Trading DOWN Shares of Liberty Media (NASDAQ: LMCA ) were down 65.43 percent to $48.85 after the company announced adjustment to the conversion rate of its 1.375% cash convertible senior notes due 2023. TripAdvisor (NASDAQ: TRIP ) shares tumbled 8.66 percent to $98.06 after the company reported weaker-than-expected second-quarter profit. QUALCOMM (NASDAQ: QCOM ) was down, falling 6.19 percent to $76.55 after the company issued downbeat earnings forecast for the current quarter. However, the company reported a 42% rise in its fiscal third-quarter net income. Evercore Partners downgraded QUALCOMM from Overweight to Equal-weight and lowered the price target from $88.00 to $83.00. Commodities In commodity news, oil traded down 0.46 percent to $102.65, while gold traded down 1.11 percent to $1,292.00. Silver traded down 2.38 percent Thursday to $20.52, while copper rose 1.78 percent to $3.26. Eurozone European shares were higher today. The eurozone's STOXX 600 jumped 0.29 percent, the Spanish Ibex Index climbed 1.67 percent, while Italy's FTSE MIB Index rose 1.88 percent. Meanwhile, the German DAX gained 0.19 percent and the French CAC 40 climbed 0.72 percent while UK shares rose 0.19 percent. Economics US jobless claims fell by 19,000 to 284,000 in the week that ended July 19. However, economists were expecting initial claims of 310,000 in the week. The flash reading of Markit PMI manufacturing index fell to 56.30 in July, versus a prior reading of 57.30. However, economists were expecting a reading of 57.50. Sales of new homes dropped 8.1% to an annual rate of 406,000 in June. However, economists were expecting a rate of 475,000. The Kansas City Fed manufacturing index rose to 9.00 in July, versus a prior reading of 6.00. However, economists were expecting a reading of 6.00. US natural-gas stockpiles increased 90 bcf last week, the Energy Information Administration reported. Data on money supply will be released at 4:30 p.m. ET. \u00a9 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Markets Mostly Flat; Ford Posts Upbeat Profit Following the market open Thursday, the Dow traded up 0.03 percent to 17,091.66 while the NASDAQ dropped 0.07 percent to 4,470.50. The S&P also rose, gaining 0.02 percent to 1,987.42. Leading and Lagging Sectors Financial sector was the top gainer in today's trading. Meanwhile, top gainers in the sector included CoStar Group (NASDAQ: CSGP ), up 11.6 percent, and Intermountain Community Bancorp (NASDAQ: IMCB ), up 10.3 percent. In trading on Thursday, healthcare shares were relative leaders, up on the day by about 0.34 percent. Top decliners in the sector included Clearfield (NASDAQ: CLFD ), down 15.6 percent, and Invacare (NYSE: IVC ), off 8.8 percent. Top Headline Ford Motor Co (NYSE: F ) reported better-than-expected second-quarter earnings. The Dearborn, Michigan-based company posted a quarterly profit of $1.31 billion, or $0.32 per share, versus a year-ago profit of $1.23 billion, or $0.30 per share. Its earnings after tax, excluding special items, came in at $0.40 per share. Its revenue fell to $37.4 billion from $37.9 billion. However, analysts were expecting earnings of $0.36 per share on revenue of $36.16 billion. Equities Trading UP Logitech International SA (NASDAQ: LOGI ) shares shot up 14.48 percent to $15.26 after the company reported better-than-expected quarterly results and raised its operating income forecast. Shares of Facebook (NASDAQ: FB ) got a boost, shooting up 5.13 percent to $74.95 after the company reported stronger-than-expected second-quarter results on strong growth in daily users and advertising revenue. VASCO Data Security International (NASDAQ: VDSI ) shares were also up, gaining 14.14 percent to $13.24 after the company reported upbeat quarterly results and issued a strong FY14 revenue forecast. Equities Trading DOWN Shares of Liberty Media (NASDAQ: LMCA ) were down 65.20 percent to $49.18 after the company announced adjustment to the conversion rate of its 1.375% cash convertible senior notes due 2023. TripAdvisor (NASDAQ: TRIP ) shares tumbled 9.95 percent to $96.68 after the company reported weaker-than-expected second-quarter profit. QUALCOMM (NASDAQ: QCOM ) was down, falling 6.48 percent to $76.31 after the company issued downbeat earnings forecast for the current quarter. However, the company reported a 42% rise in its fiscal third-quarter net income. Evercore Partners downgraded QUALCOMM from Overweight to Equal-weight and lowered the price target from $88.00 to $83.00. Commodities In commodity news, oil traded down 0.10 percent to $103.02, while gold traded down 0.51 percent to $1,299.90. Silver traded down 0.60 percent Thursday to $20.87, while copper rose 1.37 percent to $3.25. Eurozone European shares were higher today. The eurozone's STOXX 600 jumped 0.39 percent, the Spanish Ibex Index climbed 1.76 percent, while Italy's FTSE MIB Index rose 1.61 percent. Meanwhile, the German DAX gained 0.47 percent and the French CAC 40 climbed 0.67 percent while UK shares rose 0.13 percent. Economics US jobless claims fell by 19,000 to 284,000 in the week that ended July 19. However, economists were expecting initial claims of 310,000 in the week. The flash reading of Markit PMI manufacturing index fell to 56.30 in July, versus a prior reading of 57.30. However, economists were expecting a reading of 57.50. Sales of new homes dropped 8.1% to an annual rate of 406,000 in June. However, economists were expecting a rate of 475,000. The Kansas City Fed manufacturing index for July will be released at 11:00 a.m. ET. The Treasury is set to auction 3-and 6-month bills. The Treasury will also auction 2-year, 5-year and 7-year notes. Data on money supply will be released at 4:30 p.m. ET. \u00a9 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Free Trading Education - Check out the free events taking place on Marketfy this week. Spaces are limited. Sign up today. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""U.S. Markets Trade Flat; Liberty Media Shares Surge On Senior Note Conversation Rate Change"", ""U.S. Markets Edge Higher; Facebook Shares Surge On Upbeat Results"", ""Markets Mostly Flat; Ford Posts Upbeat Profit""]"
CSGP,2014-07-25,15.473,15.473,14.816,15.102,
CSGP,2014-07-28,15.123,15.123,14.734,14.807,"[""Ron Baron Comments on CoStar Group Inc"", ""Ron Baron Comments on CoStar Group Inc"", ""Ron Baron Comments on CoStar Group Inc""]"
CSGP,2014-07-29,14.876,14.985,14.736,14.858,
CSGP,2014-07-30,14.9,15.053,14.814,14.974,"[""Top 4 Mid-Cap Stocks In The Property Management Industry With The Highest Profit Margin"", ""Top 4 Mid-Cap Stocks In The Property Management Industry With The Highest Profit Margin"", ""Top 4 Mid-Cap Stocks In The Property Management Industry With The Highest Profit Margin""]"
CSGP,2014-07-31,14.799,15.018,14.343,14.373,
CSGP,2014-08-01,14.466,14.523,14.191,14.306,
CSGP,2014-08-04,14.369,14.391,14.105,14.311,"[""CoStar Group Announces New Agreement with Colliers for UK"", ""CoStar Group Announces New Agreement with Colliers for UK"", ""CoStar Group Announces New Agreement with Colliers for UK""]"
CSGP,2014-08-05,14.3,14.3,13.984,14.131,"[""Top 4 Mid-Cap Stocks In The Property Management Industry With The Highest EPS"", ""Top 4 Mid-Cap Stocks In The Property Management Industry With The Highest EPS"", ""Top 4 Mid-Cap Stocks In The Property Management Industry With The Highest EPS""]"
CSGP,2014-08-06,14.024,14.177,13.93,14.161,
CSGP,2014-08-07,14.247,14.462,13.986,14.351,
CSGP,2014-08-08,14.491,14.491,14.266,14.37,
CSGP,2014-08-11,14.45,14.563,14.323,14.538,
CSGP,2014-08-12,14.495,14.685,14.495,14.577,
CSGP,2014-08-13,14.612,14.612,14.353,14.399,"[""Top 4 Mid-Cap Stocks In The Property Management Industry With The Highest ROE"", ""Top 4 Mid-Cap Stocks In The Property Management Industry With The Highest ROE"", ""Top 4 Mid-Cap Stocks In The Property Management Industry With The Highest ROE""]"
CSGP,2014-08-14,14.275,14.497,14.275,14.461,
CSGP,2014-08-15,14.374,14.612,14.374,14.593,
CSGP,2014-08-18,14.888,15.062,14.775,14.817,"[""Goldman Sachs Initiates Coverage on CoStar Group, Inc. at Buy, Announces $180.00 PT"", ""Goldman Sachs Initiates Coverage on CoStar Group, Inc. at Buy, Announces $180.00 PT"", ""Goldman Sachs Initiates Coverage on CoStar Group, Inc. at Buy, Announces $180.00 PT""]"
CSGP,2014-08-19,14.82,14.82,14.704,14.715,
CSGP,2014-08-20,14.694,14.949,14.591,14.908,
CSGP,2014-08-21,14.899,15.174,14.885,14.977,
CSGP,2014-08-22,14.934,14.998,14.8,14.865,
CSGP,2014-08-25,14.974,15.109,14.7,14.781,
CSGP,2014-08-26,14.646,14.896,14.646,14.816,
CSGP,2014-08-27,14.755,14.801,14.489,14.54,
CSGP,2014-08-28,14.476,14.476,14.201,14.242,
CSGP,2014-08-29,14.276,14.533,14.188,14.475,
CSGP,2014-09-02,14.523,14.784,14.516,14.641,
CSGP,2014-09-03,14.688,14.701,14.401,14.516,
CSGP,2014-09-04,14.571,14.571,14.325,14.391,
CSGP,2014-09-05,14.324,14.646,14.201,14.629,
CSGP,2014-09-08,14.664,14.731,14.596,14.607,
CSGP,2014-09-09,14.544,14.563,14.406,14.432,
CSGP,2014-09-10,14.473,14.8,14.335,14.787,
CSGP,2014-09-11,14.7,15.832,14.648,15.796,
CSGP,2014-09-12,15.756,16.002,15.654,15.949,
CSGP,2014-09-15,15.885,15.885,15.539,15.628,
CSGP,2014-09-16,15.569,15.707,15.527,15.643,"[""Acxiom Augments Texas Operations with New Austin Office - Analyst Blog"", ""Acxiom Augments Texas Operations with New Austin Office - Analyst Blog"", ""Acxiom Augments Texas Operations with New Austin Office - Analyst Blog Enterprise data, analytics and software-as-a-service firm Acxiom Corporation ( ACXM ) recently augmented its presence in Texas by opening a new office at River Place Corporate Park on 6500 River Place Boulevard in Austin. The strategic move is aimed to cater to the increased demand for its technology and engineering services in the region. In addition to an enhanced physical presence, the purported decision will lead to new job opportunities for about 150 candidates. These include filling vacancies for technology fields including network engineers, security engineers, systems engineers, security architects, network architects, infrastructure architects, software engineers and project managers. By tapping local talent, Acxiom expects to make its new offices functional by late November this year. Acxiom's decision to open a new office in Austin further signifies the supportive business climate, strong technology sector and talent pipeline within the region, which offer it enough confidence to invest in a fresh set-up and ensure its profitability. Founded in 1969, Acxiom offers consumer data and analytics, information technology, data integration, and consulting solutions that enable clients to improve their decision-making processes and better manage customer relationships. Over the years, Acxiom has emerged as a formidable player in the field of marketing services and technology. Acxiom has a diversified customer base that includes firms in the financial services, insurance, information services, and direct marketing, publishing, retail, consumer packaged goods, technology, automotive, healthcare, travel and telecommunications industries. The company utilizes a channel and media neutral approach to power more than a trillion transactions for its 7,000 global clients. Acxiom currently has a Zacks Rank #3 (Hold). Other stocks in the industry that appear attractive include CoStar Group Inc. ( CSGP ), EarthLink Holdings Corp. ( ELNK ) and Kofax Limited ( KFX ), each carrying a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EARTHLINK HLDGS (ELNK): Free Stock Analysis Report ACXIOM CORP (ACXM): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report KOFAX LTD (KFX): Get Free Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Acxiom Augments Texas Operations with New Austin Office - Analyst Blog""]"
CSGP,2014-09-17,15.641,15.826,15.529,15.754,
CSGP,2014-09-18,15.809,16.055,15.696,15.958,
CSGP,2014-09-19,15.878,15.998,15.806,15.894,
CSGP,2014-09-22,15.825,15.84,15.467,15.557,
CSGP,2014-09-23,15.471,15.775,15.426,15.663,"[""Bank Of America Sees Good Things From CoStar Group Inc Investor Meetings"", ""Bank Of America Sees Good Things From CoStar Group Inc Investor Meetings"", ""Bank Of America Sees Good Things From CoStar Group Inc Investor Meetings""]"
CSGP,2014-09-24,15.67,15.875,15.582,15.857,
CSGP,2014-09-25,15.787,15.938,15.65,15.781,
CSGP,2014-09-26,15.815,15.923,15.721,15.763,
CSGP,2014-09-29,15.579,15.704,15.305,15.583,
CSGP,2014-09-30,15.615,15.624,15.262,15.554,
CSGP,2014-10-01,15.557,15.557,15.141,15.253,
CSGP,2014-10-02,15.193,15.275,14.799,14.948,
CSGP,2014-10-03,15.081,15.288,14.986,15.224,
CSGP,2014-10-06,15.243,15.359,14.975,15.078,
CSGP,2014-10-07,15.03,15.03,14.63,14.651,"[""News Corp. Gets Move To Take On 'Godzulia'"", ""News Corp. Gets Move To Take On 'Godzulia'"", ""News Corp. Gets Move To Take On 'Godzulia'""]"
CSGP,2014-10-08,14.717,15.11,14.473,15.073,
CSGP,2014-10-09,15.115,15.176,14.25,14.622,
CSGP,2014-10-10,14.56,14.84,14.201,14.212,
CSGP,2014-10-13,14.25,14.422,13.737,13.76,
CSGP,2014-10-14,13.895,14.135,13.781,13.878,
CSGP,2014-10-15,13.515,14.08,13.438,13.9,
CSGP,2014-10-16,13.705,14.1,13.577,13.861,
CSGP,2014-10-17,14.076,14.481,14.017,14.267,
CSGP,2014-10-20,14.203,14.554,14.116,14.253,
CSGP,2014-10-21,14.308,14.824,14.281,14.744,
CSGP,2014-10-22,14.71,14.805,14.314,14.342,
CSGP,2014-10-23,14.437,14.95,14.437,14.689,
CSGP,2014-10-24,14.733,14.843,14.574,14.832,
CSGP,2014-10-27,14.751,14.966,14.666,14.83,
CSGP,2014-10-28,14.861,15.121,14.813,15.1,
CSGP,2014-10-29,14.955,15.2,14.917,14.994,
CSGP,2014-10-30,15.7,17.322,15.56,16.123,"CSGP Crosses Above Key Moving Average Level In trading on Thursday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed above their 200 day moving average of $163.46, changing hands as high as $173.17 per share. CoStar Group, Inc. shares are currently trading up about 15.3% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $134.38 per share, with $218.17 as the 52 week high point - that compares with a last trade of $171.74. According to the ETF Finder at ETF Channel, CSGP makes up 1.21% of the PowerShares NASDAQ Internet Portfolio ETF (Symbol: PNQI) which is trading up by about 0.2% on the day Thursday. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2014-10-31,16.279,16.767,16.083,16.109,
CSGP,2014-11-03,16.555,16.555,15.948,16.076,
CSGP,2014-11-04,16.045,16.155,15.75,16.094,
CSGP,2014-11-05,16.104,16.184,15.949,15.992,
CSGP,2014-11-06,15.912,16.034,15.733,15.904,
CSGP,2014-11-07,15.863,15.984,15.773,15.909,
CSGP,2014-11-10,16.07,16.35,15.733,15.998,
CSGP,2014-11-11,15.752,16.109,15.752,16.063,
CSGP,2014-11-12,15.961,16.286,15.961,16.201,
CSGP,2014-11-13,16.268,16.377,15.895,16.007,
CSGP,2014-11-14,15.95,16.125,15.882,16.057,
CSGP,2014-11-17,16.057,16.161,15.849,15.934,"[""Is CoStar Group (CSGP) Stock a Solid Choice Right Now? - Tale of the Tape"", ""Is CoStar Group (CSGP) Stock a Solid Choice Right Now? - Tale of the Tape"", ""Is CoStar Group (CSGP) Stock a Solid Choice Right Now? - Tale of the Tape""]"
CSGP,2014-11-18,15.944,16.317,15.826,16.261,
CSGP,2014-11-19,16.183,16.375,16.108,16.338,
CSGP,2014-11-20,16.204,16.66,16.166,16.598,
CSGP,2014-11-21,16.836,16.836,16.544,16.765,
CSGP,2014-11-24,16.881,17.055,16.564,16.882,
CSGP,2014-11-25,16.903,17.003,16.714,16.903,
CSGP,2014-11-26,16.857,17.016,16.765,16.873,
CSGP,2014-11-28,16.665,17.198,16.665,17.026,
CSGP,2014-12-01,16.859,16.947,16.53,16.697,
CSGP,2014-12-02,16.636,17.06,16.6,16.813,
CSGP,2014-12-03,16.843,16.877,16.677,16.798,
CSGP,2014-12-04,16.739,16.801,16.568,16.648,
CSGP,2014-12-05,16.63,16.798,16.6,16.73,
CSGP,2014-12-08,16.643,16.866,16.41,16.455,
CSGP,2014-12-09,16.592,16.592,16.13,16.496,
CSGP,2014-12-10,16.41,16.774,16.337,16.705,
CSGP,2014-12-11,16.706,17.046,16.706,16.9,
CSGP,2014-12-12,16.724,17.018,16.62,16.752,
CSGP,2014-12-15,16.833,16.972,16.503,16.842,
CSGP,2014-12-16,16.783,17.17,16.777,17.116,
CSGP,2014-12-17,17.221,17.659,17.036,17.625,
CSGP,2014-12-18,17.955,18.448,17.703,18.235,
CSGP,2014-12-19,17.904,18.561,17.848,18.516,
CSGP,2014-12-22,18.495,18.77,18.337,18.702,
CSGP,2014-12-23,18.826,18.826,18.504,18.705,
CSGP,2014-12-24,18.77,18.956,18.528,18.562,
CSGP,2014-12-26,18.58,18.936,18.413,18.839,
CSGP,2014-12-29,18.8,18.836,18.203,18.485,
CSGP,2014-12-30,17.658,18.625,17.658,18.392,
CSGP,2014-12-31,18.398,18.629,18.252,18.363,
CSGP,2015-01-02,18.46,18.46,17.978,18.013,
CSGP,2015-01-05,17.828,18.033,17.44,17.655,
CSGP,2015-01-06,17.736,17.849,17.254,17.583,
CSGP,2015-01-07,17.735,17.803,17.455,17.677,
CSGP,2015-01-08,17.832,18.215,17.672,18.004,
CSGP,2015-01-09,17.993,18.18,17.689,17.72,
CSGP,2015-01-12,17.876,17.876,17.54,17.694,
CSGP,2015-01-13,17.824,18.054,17.288,17.523,"[""Internet Stocks Stuck In A Rut"", ""Internet Stocks Stuck In A Rut"", ""Internet Stocks Stuck In A Rut""]"
CSGP,2015-01-14,17.562,17.669,17.257,17.443,
CSGP,2015-01-15,17.507,17.645,16.936,16.995,
CSGP,2015-01-16,16.903,17.521,16.876,17.489,
CSGP,2015-01-20,17.399,17.743,17.205,17.586,
CSGP,2015-01-21,17.552,17.733,17.515,17.713,
CSGP,2015-01-22,17.751,18.293,17.718,18.235,
CSGP,2015-01-23,18.311,18.866,18.2,18.81,
CSGP,2015-01-26,18.862,18.862,18.474,18.728,
CSGP,2015-01-27,18.451,18.731,18.209,18.601,
CSGP,2015-01-28,18.624,18.753,18.4,18.45,
CSGP,2015-01-29,18.46,18.593,18.265,18.578,
CSGP,2015-01-30,18.483,18.733,18.33,18.451,
CSGP,2015-02-02,18.489,18.703,18.221,18.671,
CSGP,2015-02-03,18.937,19.139,18.763,19.131,
CSGP,2015-02-04,18.99,19.153,18.889,19.073,
CSGP,2015-02-05,19.186,19.517,19.139,19.506,"[""Acxiom (ACXM) Misses Q3 Earnings, Revenues Down Y/Y - Analyst Blog"", ""Acxiom (ACXM) Misses Q3 Earnings, Revenues Down Y/Y - Analyst Blog"", ""Acxiom (ACXM) Misses Q3 Earnings, Revenues Down Y/Y - Analyst Blog Acxiom Corporation ( ACXM ) reported lackluster third-quarter fiscal 2015 results with GAAP earnings of $4.2 million or 5 cents per share, down from $15.1 million or 20 cents per share in the year-ago period. The year-over-year decrease in earnings was primarily due to the relatively poor performance of the IT Infrastructure Management business and other expenses. The company reported adjusted earnings of 23 cents per share versus 27 cents in the year-ago quarter. The recurring earnings (with stock-based compensation adjustments) were 16 cents per share missing the Zacks Consensus Estimate of 24 cents. Acxiom Corporation - Earnings Surprise | FindTheBest Revenues Total revenue for third-quarter fiscal 2015 came in at $260.4 million, down 3.1% year over year due to a decline in IT Infrastructure Management revenues. Revenues for the reported quarter well exceeded the Zacks Consensus Estimate of $254 million. By segments, sales from the Marketing and Data Services segment increased 1% year over year to $208.2 million. IT Infrastructure Management Services segment revenues were down 16% to $52.2 million. Operating income for the reported quarter declined to $5.2 million from $19.3 million in the prior-year quarter due to expenses associated with business separation and transformation activities, non-cash compensation, acquired intangible asset amortization, and lower IT Infrastructure Management revenue. Significant Developments in the Quarter Acxiom signed 25 new Audience Operating Systems (AOS) and Live Ramp agreements during the quarter, bringing its client roster tally to approximately 195 at quarter end. On a combined basis, AOS and LiveRamp revenue was $21 million in the reported quarter. Gross media spend enabled by the AOS platform was $73 million, up 265% from the year-ago period. LiveRamp also expanded its strategic partnership with Datalogix, which runs through the end of 2017. During the quarter, Acxiom inked several marketing and data services agreements as well as renewals with a major telecommunications company and a leading insurance firm. Balance Sheet and Cash Flow Acxiom ended the quarter with cash and cash equivalents of $126.9 million and long-term debt of $262.8 million. Net cash provided by operating activities aggregated $42.7 million during the quarter compared with $63.8 million in the prior-year period. Free cash flow to equity stood at $1 million for the trailing 12-month period compared with $103 million in the prior-year period due to changes in working capital, cash restructuring and other business expenditure. During the reported quarter, Acxiom did not repurchase any shares. Since Aug 2011, the company has repurchased 12.9 million shares or about 16% of the outstanding stock for $202 million under the share repurchase program. Outlook For fiscal 2015 Axciom reiterated its guidance. Revenues are expected to be down approximately 4% year over year, driven by the impact of lost IT infrastructure management customers and the exit of analog paper survey business in Europe. The company expects AOS and Live Ramp to generate approximately $60 million in revenues in fiscal 2015. Earning per share are expected in the range of 73 cents to 78 cents. This guidance includes the impact of the LiveRamp acquisition but excludes the impact of unusual items, non-cash compensation and acquired intangible asset amortization. Acxiom currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include Fair Isaac Corporation ( FICO ) and Kofax Limited ( KFX ) carrying a Zacks Rank #1 (Strong Buy), and CoStar Group Inc. ( CSGP ), carrying a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FAIR ISAAC INC (FICO): Free Stock Analysis Report ACXIOM CORP (ACXM): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report KOFAX LTD (KFX): Get Free Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Acxiom (ACXM) Misses Q3 Earnings, Revenues Down Y/Y - Analyst Blog""]"
CSGP,2015-02-06,19.493,19.5,19.174,19.202,
CSGP,2015-02-09,19.076,19.2,18.954,19.088,"[""Infosys (INFY) to Restructure Business: Time to Buy? - Analyst Blog"", ""Infosys (INFY) to Restructure Business: Time to Buy? - Analyst Blog"", ""Infosys (INFY) to Restructure Business: Time to Buy? - Analyst Blog Infosys Ltd. ( INFY ) recently declared intentions to restructure its organizational structure, which will be effective from Apr 1, this year. Following the announcement, the company's share price edged up 0.06% during the trading session on Feb 6. This strategic initiative is in sync with Infosys' long-term goal of providing breakthrough solutions for clients by coupling tactical insights with flawless execution. In particular, the move is aimed at strengthening the company's position in the market, fostering innovation and promoting effective differentiation across service lines. The Fresh Structure The latest scheme of structural reorganization aims to unravel the manner in which the company's diverse layers utilize technology, and this knowledge will help deliver better services. Per the plan, Infosys will be organized into three key areas - sales, delivery and business enabling functions. Under the new strategy, sales will be structured across five global industrial segments, namely, financial services; energy, utilities, communications and services; manufacturing; life sciences, healthcare and insurance and retail, CPG and logistics. On the other hand, Delivery will be organized across the seven service lines, namely, application development & maintenance, independent validation & testing, management consulting services, digital integration services, engineering services, enterprise package application services and cloud & infrastructure services. Our Take We believe the realignment initiative on Infosys' part will enhance flexibility within the organization which will drive superior operational performance. This, in turn, will generate huge cost-savings for the company translating into improved financial credentials in the long run. As a matter of fact, Infosys has consistently surpassed expectations recently. In Jan, the company declared strong third-quarter fiscal 2015 results, with earnings per ADS (American Depositary Share) from continuing operations of 46 cents, beating the Zacks Consensus Estimate by 7% and the year-ago earnings by 12.2% (read more: Infosys Beats on Q3 Earnings, Affirms Revenue Guidance ). Infosys currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Kofax Ltd. ( KFX ), Fair Isaac Corp. ( FICO ) and CoStar Group Inc. ( CSGP ). While both Kofax and Fair Isaac sport a Zacks Rank #1 (Strong Buy), CoStar Group holds a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report INFOSYS LTD (INFY): Free Stock Analysis Report FAIR ISAAC INC (FICO): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report KOFAX LTD (KFX): Get Free Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Infosys (INFY) to Restructure Business: Time to Buy? - Analyst Blog""]"
CSGP,2015-02-10,19.195,19.365,19.107,19.304,
CSGP,2015-02-11,19.242,19.605,19.242,19.576,
CSGP,2015-02-12,19.76,20.049,19.633,19.997,"[""Frank Sands And His Current Portfolio Update"", ""Frank Sands And His Current Portfolio Update"", ""Frank Sands And His Current Portfolio Update Frank Sands ( Trades , Portfolio ), CEO and CIO of Sands Capital Management added three new positions to his portfolio of 54 stocks, valued at $42.02 billion with a quarter over quarter turnover rate of 7%. His firm tends to gravitate toward growth companies and Sands is known to hold stocks for an average of five years. Here is a look at the investor's newest buys: LendingClub Corp ( LC ) Tom Russo Undervalued Stocks Tom Russo Top Growth Companies Tom Russo High Yield stocks Chris Davis Undervalued Stocks Chris Davis Top Growth Companies Chris Davis High Yield stocks Ray Dalio Undervalued Stocks Ray Dalio Top Growth Companies Ray Dalio High Yield stocks Frank Sands Undervalued Stocks Frank Sands Top Growth Companies Frank Sands High Yield stocks Sands purchased 9,604,260 shares of LC at the end of the fourth quarter 2014 at an average price of $25.24/share. LendingClub is an online marketplace that prides itself on operating at a lower cost than most traditional bank lending programs. The Peter Lynch earnings line values this stock at $6.90, indicating the stock is undervalued since it is currently trading at $22.15. We gave the company a financial strength score of 5 out of 10 and a profitability & growth score a 2 out of 10. The current market cap is ~$7,962 billion and shares outstanding is 308.5 billion. CoStar Group Inc ( CSGP ) Sands purchased 31,175 shares of CSGP at an average price of $161.21/share. CoStar was founded in 1987, providing analytics, information and marketing services in the commercial real estate industry in both the United States and United Kingdom. According to the Lynch earnings line, this stock is valued at $22.00 and is currently selling at $197.60, which indicates the stock is undervalued. We gave the company a 9 star ranking out of 10 for its financial strength and a profitability & growth star ranking of 7 out of 10. CoStar's shares outstanding at the end of Q3 in 2014 was 32.4 billion and the company's market cap as of today is $6,392 billion. Because the earnings per share was recorded at $1.47 during Q3 2014, CoStar's earnings yield is 0.74%. iShare Russell 1000 Growth Index ( IWF ) Sands purchased 28,250 shares of IWF at an average price of $92.07/share. This is not the first time Sands held this stock in his portfolio. He bought shares during 2011Q4 at an average price of $57.08/share and then sold them all 2012Q1 at an average price of $62.98. Here is a closer look at his holdings history in the chart below. As of today, the stock is currently trading at $98.38/share. Sands also increased positions in the following stocks in his portfolio: Alibaba Group Holding Ltd ( BABA ), Adobe Systems Inc ( ADBE ), Twenty-First Centruty Fox In c ( FOXA ), Schlumberger NV (SLB), Las Vegas Sands Corp (LVS), Salesforce.com Inc (CRM), SPDR S&P 500 ETF (SPY), Mindray Medical International Ltd (MR), Yandex NV (YNDX) and Qunar Cayman Islands Ltd (QUNR). To view the portfolios of more gurus, visit theList of Guruspage. Not a premium member of GuruFocus?Try it free for 7 days. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members . This article first appeared on GuruFocus . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Frank Sands And His Current Portfolio Update""]"
CSGP,2015-02-13,19.972,20.099,19.878,20.054,
CSGP,2015-02-17,20.053,20.053,18.341,18.79,"[""Morning Market Losers"", ""Mid-Day Market Update: Starwood Hotels Jumps Following CEO Resignation; CoStar Group Shares Slide"", ""After-Close Market Update: US Stocks Edge Higher; Walter Energy Shares Drop On Downbeat Results"", ""After-Close Market Update: US Stocks Edge Higher; Walter Energy Shares Drop On Downbeat Results"", ""Mid-Day Market Update: Starwood Hotels Jumps Following CEO Resignation; CoStar Group Shares Slide"", ""Morning Market Losers"", ""Financial Sector Update for 02/17/2015: CSGP,GGP,NBG Top Financial Stocks JPM +0.74% BAC +0.15% WFC +0.11% C +1.05% USB +0.07% Financial stocks were mostly higher today with the NYSE Financial Sector Index adding about 0.7% and the S&P Financial 100 Index ahead by nearly 0.5%. In company news, CoStar Group Inc. ( CSGP ) was lower Tuesday after the property manager raised its outlook for its FY14 financial results but also projected per-share earnings during the current quarter and FY15 trailing analyst opinion. For the the 12 months ended Dec. 31, the company is now expects to earn between $3.22 to $3.26 per share on between $572 million to $574 million in revenue. Analysts, on average, are projecting EPS of $3.26 on $574.53 million in revenue. For the current quarter ending in March, CSGP is projecting adjusted earnings in a range of $0.18 to $0.22 per share, lagging the Capital IQ consensus by at least $0.54 per share. The company said the recent relaunch of its Apartments.com website is expected to reduce its non-GAAP earnings by around $0.60 per share during Q1 and Q2. Looking forward to the fiscal year ending in December, the company expects to earn between $1.95 to $2.05 per share, with Apartments.com-related cost trimming non-GAAP earnings by around $1.45 per share. The Street is at $3.47 per share. CSGP shares were down more than 7% at $186.26 apiece, earlier sinking to a session low of $183.42 a share. The stock has traded within a 52-week range of $134.38 to $218.17 a share, rising more than 10% over the past 12 months prior to today's decline. In other sector news, (+) GGP, (+0.7%) Extends employment agreement for CEO Sandeep Mathrani for an initial five-year term. (-) NBG, (-10.3%) Talks break down between Greek and European Union finance ministers on an extension of EU aid to the debt-struggling member country. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""After-Close Market Update: US Stocks Edge Higher; Walter Energy Shares Drop On Downbeat Results"", ""Mid-Day Market Update: Starwood Hotels Jumps Following CEO Resignation; CoStar Group Shares Slide"", ""Morning Market Losers""]"
CSGP,2015-02-18,18.675,18.832,18.444,18.523,"[""CoStar Group Re-Launches New, Enriched Apartments.com - Analyst Blog"", ""CoStar Group Re-Launches New, Enriched Apartments.com - Analyst Blog"", ""CoStar Group Re-Launches New, Enriched Apartments.com - Analyst Blog CoStar Group, Inc. ( CSGP ), a leading provider of commercial real estate information, analytics and marketing services, re-launched its website Apartments.com in a new avatar, in an attempt to carve a niche for itself in the online apartment industry. The re-launched website assures radical improvement for renters who search for apartments, condos and rental homes online. The new website provides detailed information on apartments, along with actual availabilities and rents, and covers more apartments than any othe similar website. The site also boasts innovative software tools that will aid renters in finding the apartments that are optimally suited for their needs. The re-launch follows comprehensive research on the apartment industry in the U.S. and will capitalize on CoStar's massive multi-family database that spans over 450,000 apartment properties. Proprietary software will constantly update site data by scouring around 40,000 apartment websites daily for the latest information. Also, the website will have direct access to inventory systems of property management companies. Market research shows that current generation websites that offer apartment search facility fall far behind in meeting consumers' needs. They have very limited information and make the process of finding a suitable apartment very cumbersome for renters. With its vast pool of in-depth data on apartment buildings, condos, townhouses and single family home, the rejuvenated Apartments.com is well poised to capture a considerable chunk of the prospective market. The re-launch is CoStar's effort to exploit the huge opportunities presented by the Multifamily asset class, which is estimated to be worth over $3 trillion. CoStar is also planning to launch an aggressive, wide-ranging marketing campaign this year, which is expected to reach 95% of consumers within the 18-49 age group. The campaign, which will cost $75 million over and above Apartments.com's 2014 annualized marketing spend, will lead to substantial brand awareness and generate sizeable site traffic. With Apartments.com, CoStar expects to reach its target of generating over $550 million in sales and $250 million in adjusted EBITDA annually within the next ten years. It also reiterated its overall target of generating $1 billion in revenue with adjusted EBITDA margin of 40% in 2018. CoStar acquired Apartments.com in Apr 2014. The company has several sites catering to the commercial property market and rural land and farm properties, including LoopNet, CityFeet, BizBuySell and LandsofAmerica. Adding Apartment.com to its portfolio, designated CoStar as a comprehensive commercial real estate solutions company. CoStar is scheduled to release its financial results for the fourth quarter and full year 2014 on Feb 25, 2015. The Zacks Consensus Estimate for the fourth quarter currently stands at 73 cents per share. CoStar presently carries a Zacks Rank #2 (Buy). Other notable stocks in the information technology space include CDK Global, Inc. ( CDK ), CDW Corp. ( CDW ) and Fair Isaac Corp. ( FICO ), each sporting a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COSTAR GRP INC (CSGP): Free Stock Analysis Report FAIR ISAAC INC (FICO): Free Stock Analysis Report CDK GLOBAL INC (CDK): Free Stock Analysis Report CDW CORP (CDW): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Re-Launches New, Enriched Apartments.com - Analyst Blog""]"
CSGP,2015-02-19,18.367,18.83,18.273,18.824,"[""Nasdaq Internet Group Breaking Downtrend?"", ""Nasdaq Internet Group Breaking Downtrend?"", ""Nasdaq Internet Group Breaking Downtrend?""]"
CSGP,2015-02-20,18.744,19.166,18.625,19.124,"[""Seeking Daruma: Zen And The Art Of Small Cap Investing"", ""Seeking Daruma: Zen And The Art Of Small Cap Investing"", ""Seeking Daruma: Zen And The Art Of Small Cap Investing""]"
CSGP,2015-02-23,18.94,19.142,18.811,18.925,
CSGP,2015-02-24,18.807,18.855,18.526,18.685,"[""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close""]"
CSGP,2015-02-25,18.613,19.184,18.548,19.176,"[""Will $1B Outlay for Apartments.com Help CoStar Trump Peers? - Analyst Blog"", ""Earnings Scheduled For February 25, 2015"", ""'HBC Partners with Simon, RioCan To Monetize Retail Property Holdings'"", ""CoStar Group Reports $0.93 Vs Est $0.88, Sales $156.1M Vs Est $154.11M"", ""CoStar Group Reports $0.93 Vs Est $0.88, Sales $156.1M Vs Est $154.11M"", ""'HBC Partners with Simon, RioCan To Monetize Retail Property Holdings'"", ""Earnings Scheduled For February 25, 2015"", ""Will $1B Outlay for Apartments.com Help CoStar Trump Peers? - Analyst Blog"", ""Will $1B Outlay for Apartments.com Help CoStar Trump Peers? - Analyst Blog Commercial real estate powerhouse CoStar Group, Inc. ( CSGP ) has decided to pump over $1 billion in aggregate over the next few years into its recently revamped rental site Apartments.com. The residential real estate space can potentially generate $550 million in annual revenue for CoStar in 10 years, and the company aims to dominate the rental portal space and build up interest in Apartments.com. CoStar, which owns the popular commercial listing site LoopNet, acquired Apartments.com for about $585 million last March. Since then, CoStar has invested about $80 million to update the site's technology. In its attempt to create a new-generation Internet listing service, CoStar has had over 400,000 rental properties researched and photographed, and has even chartered airplanes to review cities in search of information on new construction. The company has earmarked $100 million for an aggressive consumer marketing campaign for the site that will be unveiled next month. The campaign will star actor Jeff Goldblum as a quirky Silicon Valley executive publicizing the new Apartments.com as a game-changer for the space. CoStar's move is well timed as recent data shows that the share of U.S. citizens who rent rather than own property has steadily been increasing. Consequently, landlords are coughing up more dollars to advertise their property online. Per Kip Cassino of Borrell Associates Inc., a firm that tracks advertising spend, landlords will shell out around $1.5 billion for advertising online this year, compared with just $630 million last year. Sure enough, competition is intensifying in the fragmented industry as rental sites scramble to rake in the marketing dollars. Apartments.com will have to conquer sites like ForRent.com, Apartment Guide, Rent.com, ApartmentFinder.com, and Seattle-based Zillow, a fast-growing competitor. Zillow is also eyeing the top spot in the space, as evidenced by its recent acquisition of Trulia, further boosting its growing rentals business. However, whether Apartments.com can generate enough revenues to justify CoStar's heavy spending on the site remains a matter of concern for investors. Apart from competition, there are substantial risks inherent in executing the company's strategies, which could potentially impair CoStar's profitability. CoStar will release its financial results for the fourth quarter and full year 2014 today, after the market closes. The Zacks Consensus Estimate for the fourth quarter currently stands at 73 cents per share. CoStar presently carries a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the information technology space include CDK Global, Inc. ( CDK ), CDW Corp. ( CDW ) and Fair Isaac Corp. ( FICO ), each sporting a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FAIR ISAAC INC (FICO): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report CDK GLOBAL INC (CDK): Free Stock Analysis Report CDW CORP (CDW): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Posts Strong Earnings, Prepares for a Big 2015 Push Source: CoStar Group. The Internet has transformed every aspect of modern life, and even the most well-established industries have found ways to adapt their business models to online possibilities. Real estate is one of those areas, and CoStar Group has built its business around providing commercial real-estate information, analytics, and marketplaces using online tools and technology. Coming into Wednesday evening's fourth-quarter financial report, CoStar Group investors were increasingly optimistic about the company's future prospects, having bid shares back up toward their early 2014 highs. In its report, CoStar Group posted exceptionally strong growth that came as a surprise even to the most optimistic of investors. Moreover, with a key new initiative just having taken place, CoStar Group has positioned itself for even more growth in 2015. Let's look at CoStar Group's results with an eye toward seeing how it plans to move forward this year and beyond. CoStar Group finishes 2014 with big numbers CoStar Group's main results were unequivocally positive. Sales for the fourth quarter jumped 35% to $156.1 million, surpassing even the expectations among investors for 33% revenue growth. More of those sales also made it to the bottom line, with adjusted net income climbing 34% and producing adjusted earnings of $0.93 per share, a nickel more than those following the stock had projected. Looking more closely at CoStar's numbers, the company saw solid results on several fronts. The company's expanded sales force helped it hit a new record for net new sales at a rate of $17.3 million on an annualized basis during the fourth quarter. For the CoStar information services segment, annualized net new sales climbed 26% from the year-ago quarter. Meanwhile, the company's LoopNet core online marketplace also posted considerable growth, with revenue climbing 20% year over year. Source: CoStar Group. For the most part, CoStar remains focused on its core domestic market, getting all but about 4% of its revenue from its North American operations. Yet the international business also grew during the quarter, with revenue gains of almost 8% helping to push full-year international sales up by 16%. CEO Andrew Florance was happy about the results, terming 2014 \""an exceptional year for CoStar Group\"" and citing its gains in revenue and operating income. Florance attributed much of the company's success to its sales force, which has benefited from the money that CoStar spent to expand its ranks. What will make CoStar Group grow in 2015? Yet the real news that CoStar seems most excited about is its launch earlier this month of its newly revamped Apartments.com website. CoStar reported seeing big gains in organic traffic as a result of the new site, which has better search tools and considerably more available listings for users to look at. At the same time, CoStar spent a lot of time working to optimize the new site so that search engines would list its offerings among top results. As Florance noted, CoStar now has \""a total of 1,407 keywords in the top five organic positions [on Google], or 47% more than our second closest competitor.\"" Strength in SEO should help drive traffic and make Apartments.com a more useful site for prospective renters and property owners alike. Moreover, the company has high hopes for the website, with projections of as much as $550 million in annual revenue and $250 million in adjusted operating earnings from Apartments.com within the next decade. Source: CoStar Group. With CoStar having given guidance for 2015 just last week, the financial report only had to reaffirm its previous numbers. CoStar expects to bring in sales of $655 million to $660 million in 2015, with adjusted earnings per share of $1.95 to $2.05. Those figures represent a considerable drop in adjusted net income, but that stems from the massive $75 million investment that CoStar expects to make in promoting and marketing Apartments.com. The company said that those expenditures alone would cost the company about $1.45 per share in earnings, but Florance believes that \""this investment will generate massive brand awareness and site traffic for Apartments.com and quickly position [it] as the #1 destination for renters.\"" Looking forward, CoStar Group clearly has a broad-based strategy for expanding its reach to incorporate both commercial and residential real-estate information and related services. With such a huge potential market, CoStar will inevitably face strong competition. Yet the rewards of success could be so large that investors can't help but be excited about the prospects for CoStar Group realizing its full potential. Bank of America + Apple? This device makes it possible. Apple recently recruited a secret-development \""dream team\"" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out , and some early viewers are claiming it's destined to change everything from banking to health care. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here ! The article CoStar Group Posts Strong Earnings, Prepares for a Big 2015 Push originally appeared on Fool.com. Dan Caplinger hopes he'll never have to look for an apartment again, no matter how easy Apartments.com might make it to find one. He has no position in any stocks mentioned. The Motley Fool recommends CoStar Group. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy . Copyright \u00a9 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""After-Hours Earnings Report for February 25, 2015 : CRM, AVGO, LB, BMRN, CXO, AR, WDAY, MDVN, ESV, TEG, CSGP, MELI The following companies are expected to report earnings after hours on 02/25/2015. Visit our Earnings Calendar for a full list of expected earnings releases. Salesforce.com Inc ( CRM ) is reporting for the quarter ending January 31, 2015. The computer software company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.00. This value represents a 100.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for CRM is -2064.33 vs. an industry ratio of -13.70. Avago Technologies Limited ( AVGO ) is reporting for the quarter ending January 31, 2015. The electric company company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.78. This value represents a 137.33% increase compared to the same quarter last year. AVGO missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -3.85%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for AVGO is 16.97 vs. an industry ratio of 37.30. L Brands, Inc. ( LB ) is reporting for the quarter ending January 31, 2015. The retail (shoe) company's consensus earnings per share forecast from the 15 analysts that follow the stock is $1.81. This value represents a 9.70% increase compared to the same quarter last year. In the past year LB has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 10%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for LB is 26.92 vs. an industry ratio of 6.90, implying that they will have a higher earnings growth than their competitors in the same industry. BioMarin Pharmaceutical Inc. ( BMRN ) is reporting for the quarter ending December 31, 2014. The biomedical (gene) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $-0.59. This value represents a 118.52% decrease compared to the same quarter last year. In the past year BMRN has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 27.27%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for BMRN is -100.98 vs. an industry ratio of -23.50. Concho Resources Inc. ( CXO ) is reporting for the quarter ending December 31, 2014. The oil (us exp & production) company's consensus earnings per share forecast from the 18 analysts that follow the stock is $0.85. This value represents a 6.59% decrease compared to the same quarter last year. CXO missed the consensus earnings per share in the 4th calendar quarter of 2013 by -5.21%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for CXO is 28.41 vs. an industry ratio of 11.50, implying that they will have a higher earnings growth than their competitors in the same industry. Antero Resources Corporation ( AR ) is reporting for the quarter ending December 31, 2014. The oil (us exp & production) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.23. This value represents a 120.54% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for AR is 82.10 vs. an industry ratio of 11.50, implying that they will have a higher earnings growth than their competitors in the same industry. Workday, Inc. ( WDAY ) is reporting for the quarter ending January 31, 2015. The internet software company's consensus earnings per share forecast from the 9 analysts that follow the stock is $-0.34. This value represents a 25.93% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2015 Price to Earnings ratio for WDAY is -74.42 vs. an industry ratio of 3.20. Medivation, Inc. ( MDVN ) is reporting for the quarter ending December 31, 2014. The biomedical (gene) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.21. This value represents a 3933.33% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for MDVN is 43.21 vs. an industry ratio of -23.50, implying that they will have a higher earnings growth than their competitors in the same industry. ENSCO plc ( ESV ) is reporting for the quarter ending December 31, 2014. The oil & gas drilling company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.38. This value represents a 11.54% decrease compared to the same quarter last year. ESV missed the consensus earnings per share in the 4th calendar quarter of 2013 by -3.11%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ESV is 4.67 vs. an industry ratio of 8.20. Integrys Energy Group ( TEG ) is reporting for the quarter ending December 31, 2014. The electric power utilities company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.77. This value represents a 22.22% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for TEG is 24.16 vs. an industry ratio of 15.80, implying that they will have a higher earnings growth than their competitors in the same industry. CoStar Group, Inc. ( CSGP ) is reporting for the quarter ending December 31, 2014. The information technology services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.73. This value represents a 25.86% increase compared to the same quarter last year. In the past year CSGP has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 14.06%. The \""days to cover\"" for this stock exceeds 12 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for CSGP is 69.98 vs. an industry ratio of 38.60, implying that they will have a higher earnings growth than their competitors in the same industry. MercadoLibre, Inc. ( MELI ) is reporting for the quarter ending December 31, 2014. The internet company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.83. This value represents a 10.75% decrease compared to the same quarter last year. In the past year MELI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 18.75%. The \""days to cover\"" for this stock exceeds 12 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for MELI is 46.16 vs. an industry ratio of 46.90. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Reports $0.93 Vs Est $0.88, Sales $156.1M Vs Est $154.11M"", ""'HBC Partners with Simon, RioCan To Monetize Retail Property Holdings'"", ""Earnings Scheduled For February 25, 2015"", ""Will $1B Outlay for Apartments.com Help CoStar Trump Peers? - Analyst Blog""]"
CSGP,2015-02-26,18.4,19.621,18.268,19.585,"[""CoStar Group's (CSGP) CEO Andrew Florance on Q4 2014 Results - Earnings Call Transcript"", ""CoStar Group's (CSGP) CEO Andrew Florance on Q4 2014 Results - Earnings Call Transcript"", ""CoStar Group's (CSGP) CEO Andrew Florance on Q4 2014 Results - Earnings Call Transcript""]"
CSGP,2015-02-27,19.648,19.935,19.459,19.916,
CSGP,2015-03-02,19.59,19.9,19.56,19.887,
CSGP,2015-03-03,19.727,19.895,19.59,19.814,
CSGP,2015-03-04,19.779,19.779,19.43,19.461,"[""InsiderInsights.com Daily Round Up 3/3/15: NS, WMS, OPK, CAS"", ""InsiderInsights.com Daily Round Up 3/3/15: NS, WMS, OPK, CAS"", ""InsiderInsights.com Daily Round Up 3/3/15: NS, WMS, OPK, CAS""]"
CSGP,2015-03-05,19.434,19.59,19.231,19.369,
CSGP,2015-03-06,19.43,19.43,19.061,19.214,
CSGP,2015-03-09,19.2,19.338,18.992,19.247,
CSGP,2015-03-10,18.991,19.312,18.826,19.092,
CSGP,2015-03-11,19.082,19.289,18.799,19.103,
CSGP,2015-03-12,19.107,19.319,19.092,19.266,
CSGP,2015-03-13,19.25,19.314,18.963,19.191,
CSGP,2015-03-16,19.287,19.592,19.189,19.551,
CSGP,2015-03-17,19.441,19.664,19.35,19.494,
CSGP,2015-03-18,19.433,19.829,19.355,19.586,
CSGP,2015-03-19,19.567,19.858,19.451,19.766,"[""CoStar, Zillow Eye Big Slices Of Online Rental Market"", ""CoStar, Zillow Eye Big Slices Of Online Rental Market"", ""CoStar, Zillow Eye Big Slices Of Online Rental Market""]"
CSGP,2015-03-20,20.103,20.189,19.527,19.678,"[""Ron Baron's Baron Partners Fund Fourth Quarter 2014 Commentary"", ""Ron Baron's Baron Partners Fund Fourth Quarter 2014 Commentary"", ""Ron Baron's Baron Partners Fund Fourth Quarter 2014 Commentary""]"
CSGP,2015-03-23,19.71,20.125,19.46,20.062,"[""United We Rent"", ""Baron Funds Comments on CoStar Group Inc"", ""Baron Funds Comments on CoStar Group Inc"", ""United We Rent"", ""Baron Funds Comments on CoStar Group Inc Shares of CoStar Group, Inc. ( CSGP ), the leading provider of information and marketing services to the commercial real estate industry, contributed to performance in the fourth quarter. We attribute this to continued robust financial performance, early synergy generation from the acquisition of Apartments.com, and better relative performance from higher multiple growth stocks over the ownership period. Ongoing investments in R&D and a doubling of the sales force will, in our view, help increase customer penetration, while the acquisition of Apartments.com extends CoStar's reach into multi-family lead generation. (Neal Rosenberg) From Ron Baron ( Trades , Portfolio )'s Baron Partners Fund Fourth Quarter 2014 Commentary.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members . This article first appeared on GuruFocus . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Baron Funds Comments on CoStar Group Inc"", ""United We Rent""]"
CSGP,2015-03-24,20.098,20.098,19.443,19.536,
CSGP,2015-03-25,19.587,19.587,18.781,18.806,
CSGP,2015-03-26,18.756,19.023,18.61,18.914,
CSGP,2015-03-27,18.868,19.394,18.773,19.206,
CSGP,2015-03-30,19.334,19.873,19.327,19.765,
CSGP,2015-03-31,19.705,19.911,19.568,19.783,"[""CoStar Group Doesn't Need A Strong Commercial Property Market To Thrive"", ""CoStar Group Doesn't Need A Strong Commercial Property Market To Thrive"", ""CoStar Group Doesn't Need A Strong Commercial Property Market To Thrive""]"
CSGP,2015-04-01,19.787,19.807,19.529,19.766,
CSGP,2015-04-02,19.766,19.983,19.655,19.829,
CSGP,2015-04-06,19.857,20.093,19.7,20.006,
CSGP,2015-04-07,19.957,20.25,19.672,19.708,
CSGP,2015-04-08,19.745,19.868,19.342,19.678,
CSGP,2015-04-09,19.699,20.088,19.486,20.032,
CSGP,2015-04-10,20.033,20.751,20.033,20.736,
CSGP,2015-04-13,20.751,20.788,19.889,19.959,
CSGP,2015-04-14,19.959,19.959,19.585,19.764,
CSGP,2015-04-15,19.964,19.964,19.535,19.545,
CSGP,2015-04-16,19.526,19.796,19.392,19.62,
CSGP,2015-04-17,19.407,19.603,19.229,19.336,
CSGP,2015-04-20,19.492,19.779,19.45,19.699,
CSGP,2015-04-21,19.757,19.983,19.753,19.943,
CSGP,2015-04-22,19.949,20.0,19.725,19.886,
CSGP,2015-04-23,19.787,20.242,19.632,20.072,
CSGP,2015-04-24,20.196,20.303,19.872,19.949,"[""Infosys (INFY) Q4 Earnings Meet, Revenues Miss Yet Up Y/Y - Analyst Blog"", ""Infosys (INFY) Q4 Earnings Meet, Revenues Miss Yet Up Y/Y - Analyst Blog"", ""Infosys (INFY) Q4 Earnings Meet, Revenues Miss Yet Up Y/Y - Analyst Blog Infosys Technologies Ltd.INFY reported fourth-quarter fiscal 2015 earnings per ADS from continuing operations of 44 cents, in line with the Zacks Consensus Estimate but 2.3% above 43 cents earned in the year-ago quarter. The rise in the bottom line is mainly attributable to the company's profitable Renew-New strategy that has knowledge-based learning at its core. Moreover, the company's relentless investments in innovation have contributed toward improving relationships with client as well as strengthening its capabilities. For fiscal 2015, the company's earnings per ADS came in at $1.76 reflecting a 15% increase compared with the year-ago tally of $1.53. Quarter in Details Total revenue for the reported quarter came in at $2,159 million, up 3.2% year over year. However, it fell short of the Zacks Consensus Estimate of $2,248 million. On a sequential basis, healthy performance of Finacle and Edge suite acted as major drivers of revenue growth. Also, the company's improved operating efficiency supplemented the revenues. However, increased commoditization of the outsourcing business proved to be a headwind for the company, adversely affecting the pricing levels. This, in turn, hurt the top-line growth. Moreover, sluggish revenue growth was mainly the result of weak performance of the service business. For fiscal 2015, revenues came in at $8,711 million, up 5.6% from fiscal 2014. Infosys recorded an operating profit of $555 million compared with $534 million in the prior-year quarter, an increase of 3.9%. Also, operating margin for fourth-quarter fiscal 2015 increased 20 basis points (bps) to 25.7% from 25.5% in the year-ago quarter. Net profit after tax deductions came in at $498 million, up 2.3% year over year. For fiscal 2015, Infosys recorded an operating profit of $2,258 million compared with $1,979 million in fiscal 2014. Meanwhile, operating margin expanded 190 bps to 25.8% from 23.9% a year ago. Geographical Segment Performance Infosys reported strong growth in regions like North America, where fourth-quarter fiscal 2015 sales rose 3% over the year-ago tally. Though Europe accounted for 23.1% of sales in the quarter, the figure inched down 0.9% from the year-ago tally. Other two geographic segments, India and 'Rest of the World,' experienced both sequential and yearly declines. While India's revenues in fourth-quarter fiscal 2015 edged down 0.1%, that from the Rest of the World fell 0.8% from the prior-year tally. Industry Segment Performance Revenues in the Insurance, Banking and Financial services (\""FSI\"") segment grew 0.1% sequentially, while that in the Manufacturing segment (\""MFG\"") division improved 0.8%. However, revenues in the Retail and Life Sciences (\""RCL\"") and Energy, Utilities, Communications & Services (\""ECS\"") divisions declined 0.3% and 0.6% year over year, respectively. Other Financial Details Infosys maintained a strong liquidity position with cash & cash equivalents of $4,859 million as of Mar 31, 2015, versus $4,331 million a year ago. Ushering in good news for investors, Infosys increased its dividend payout ratio to 50% of post-tax profits, likely to be effective from fiscal 2016. Initially, the dividend payout ratio was 40% of post-tax profits. Outlook Infosys provided revenue guidance for fiscal 2016 in the range of 10-12% on a constant currency basis. However, considering the impact of currency change, revenues are anticipated to grow in the range of 6.2-8.2%. In Conclusion Infosys experienced a challenging quarter in terms of foreign currency fluctuations and increasing commoditization of outsourcing business. Nevertheless, despite these challenges, the company remains confident that the Panaya acquisition will help it enhance market share in the cloud business. Also, the company has signed an agreement to acquire Kallidus Inc., apart from being in talks to buy Airviz, which will help it strengthen its position in retail and personal health monitoring markets, respectively. At the same time, Infosys holds a strong commitment toward improving its corporate social responsibility, which, we believe will help it obtain a competitive edge over its peers. Infosys currently has a Zacks Rank #3 (Hold). Some better-ranked stocks include CoStar Group Inc. CSGP , EPAM Systems, Inc. EPAM and Fair Isaac Corp. FICO . All three stocks hold a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report INFOSYS LTD (INFY): Free Stock Analysis Report EPAM SYSTEMS (EPAM): Free Stock Analysis Report FAIR ISAAC INC (FICO): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Infosys (INFY) Q4 Earnings Meet, Revenues Miss Yet Up Y/Y - Analyst Blog""]"
CSGP,2015-04-27,20.14,20.264,19.945,20.011,
CSGP,2015-04-28,19.846,20.258,19.846,20.019,"[""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close""]"
CSGP,2015-04-29,19.869,20.374,19.869,20.0,"[""CoStar Group beats by $0.13, beats on revenue"", ""CoStar Group to Acquire Apartment Finder for $170M"", ""CoStar Group Reports Q1 Adj EPS $0.34 Vs Est $0.21, Sales $159M Vs Est $158.11M, Sees Q2 Adj EPS $0.10-$0.14 & Revs $162M-$163.5M"", ""CoStar Group Reports Q1 Adj EPS $0.34 Vs Est $0.21, Sales $159M Vs Est $158.11M, Sees Q2 Adj EPS $0.10-$0.14 & Revs $162M-$163.5M"", ""CoStar Group to Acquire Apartment Finder for $170M"", ""CoStar Group beats by $0.13, beats on revenue"", ""CoStar Group's Big Bet Has Started to Pay Off CoStar's big marketing push for its Apartments.com website is paying dividends. Image: Apartments.com. Online real-estate information has been a hot niche in e-commerce recently, and CoStar Group has become one of the key providers of data, analytical tools, and marketplace tools in the industry. With its having started a huge marketing campaign earlier this year, CoStar Group investors were already prepared coming into Wednesday afternoon's first-quarter financial report to see the company's earnings plunge from year-ago levels. Yet the rewards of higher revenue proved to be worth the cost in many investors' eyes, as the company exceeded the hefty sales growth that shareholders had hoped to see. Let's take a closer look at CoStar Group and what the rest of 2015 might bring for the company. CoStar Group celebrates Apartments.com CoStar Group proved the concept behind its Apartments.com launch and marketing campaign with a big jump in sales related to the service. Overall, revenue jumped 34% to $159 million, exceeding the ambitious targets that investors had set for the company. The cost of the marketing efforts that drove those sales gains ate into profits, however, with adjusted net income falling 45% and earnings coming in at just $0.34 per share, down by half from last year's first quarter. Nevertheless, the results were more than a dime per share better than investors had expected, as CoStar had made its strategic vision clear well in advance of its report. Digging into more detail, CoStar's numbers reflected the success of its recent campaign. Net sales of subscription services on annual contracts jumped 10%, and sales of core CoStar services climbed at a 20% pace. Companywide, net bookings soared 50% to $21 million, with Apartments.com seeing nine times the bookings it did this time last year and producing almost two-thirds more leads. Traffic levels to Apartments.com more than doubled to 15 million visits and 7 million unique visitors, sending the site to the top spot among apartment-listing websites and vaulting its mobile application into the lead as well. CEO Andrew Florance couldn't have been happier with the early results of the Apartments.com rollout, pointing to the success in the first month following the launch of the new site and marketing campaign as well as the positive results on the rest of its business. \""We are having great success selling CoStar information nand analytics combined with marketing on Apartments.com to property managers and owners,\"" Florance said, and \""we sold more net property additions in March 2015 than all of the preceding year.\"" Source: CoStar Group. What's the next step for CoStar? Interestingly, after having applied pressure to the rest of the industry, CoStar made a big acquisition of a rival in the space. Along with its latest report, CoStar said today that it would buy the parent company of Apartment Finder for $170 million in cash, with the net effect of adding to the company's exposure to multifamily residential property. Putting ApartmentFinder.com together with Apartments.com could add to CoStar's lead-generation capabilities, and Florance touted the low valuation on Apartment Finder as making the deal even more attractive. All the positive news on the corporate front led CoStar to boost its guidance for the full year. CoStar now expects to see revenue of $688 million to $698 million, with $30 million to $35 million of that coming from Apartment Finder. The company also boosted its earnings guidance by $0.03 per share to a range of $1.98 to $2.08 per share, with CoStar expecting investment in Apartment Finder to offset any added income from the purchase. What investors need to watch out for, though, is the expectation of lower earnings for the second quarter. CFO Brian Radecki explained that most of the reason earnings exceeded expectations in the first quarter is that a portion of the expected costs of its marketing campaign got pushed into the second quarter. With the primary moving season for apartments coming this quarter, investors shouldn't be surprised to see weak results in the hopes of a bigger payoff down the road. CoStar has aggressively gone after growth opportunities in the market, and at least so far, those efforts appear to be having a positive impact on its business. The coming months will be critical for CoStar to establish itself as the predominant player in the important apartment-information business and to prove that it can monetize its leadership position to justify the money it has invested toward that end. The next billion-dollar Apple secret Apple forgot to show you something at its recent event, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering Apple's brand-new gadgets and the coming revolution in technology. And its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here . The article CoStar Group's Big Bet Has Started to Pay Off originally appeared on Fool.com. Dan Caplinger owns shares of Apple. The Motley Fool recommends Apple and CoStar Group. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy . Copyright \u00a9 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Reports Q1 Adj EPS $0.34 Vs Est $0.21, Sales $159M Vs Est $158.11M, Sees Q2 Adj EPS $0.10-$0.14 & Revs $162M-$163.5M"", ""CoStar Group to Acquire Apartment Finder for $170M"", ""CoStar Group beats by $0.13, beats on revenue""]"
CSGP,2015-04-30,21.0,21.357,19.322,20.443,
CSGP,2015-05-01,20.713,20.798,20.074,20.447,
CSGP,2015-05-04,20.484,20.493,20.159,20.244,
CSGP,2015-05-05,20.338,20.338,19.854,19.927,"[""Science Applications (SAIC) Secures New Contract - Analyst Blog"", ""Science Applications (SAIC) Secures New Contract - Analyst Blog"", ""Science Applications (SAIC) Secures New Contract - Analyst Blog Science Applications International Corp . SAIC recently secured a contract worth approximately $425 million from the Federal Aviation Administration (FAA) to provide all training and program support services under the FAA Controller Training Contract (CTC). This contract is a result of the expected replacement of almost 6,000 air traffic controllers due for retirement. SAIC will be providing training services in Oklahoma City, Washington D.C. and air traffic control sites across the country. The single-award indefinite-delivery/indefinite-quantity (ID/IQ) contract has a 3-year initial term for delivering the services and two one-year options, with a maximum contract ceiling of $727 million. As per the contract, SAIC will offer support services to the FAA Academy and Air Traffic Control (ATC) facilities, which include program management support; classroom training; simulation and laboratory training; monitoring of student progress; training development, maintenance and revision; air traffic training program support; administrative support; and innovation support. Moving forward, SAIC's revenues are expected to get a huge boost from the current contract. The company has a huge pipeline of new projects and continues to win deals at regular intervals. These contracts are key growth catalysts for the company. SAIC provides technical, engineering and enterprise IT services in the U.S., with its government segment serving the U.S. federal, state and local government agencies as well as foreign governments. Since its inception in 1969, SAIC has utilized its domain knowledge to solve critically important problems of the country in areas such as national security, energy and the environment, critical infrastructure, and health. SAIC currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth considering now include CoStar Group Inc CSGP and IMS Health Holdings, Inc. IMS , both carrying a Zacks Rank #1 (Strong Buy), and Barracuda Networks, Inc. CUDA , which carries a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SCIENCE APP INT (SAIC): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report IMS HEALTH HLDG (IMS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Science Applications (SAIC) Secures New Contract - Analyst Blog""]"
CSGP,2015-05-06,19.995,20.074,19.622,19.768,
CSGP,2015-05-07,19.665,20.152,19.665,19.853,"[""EarthLink Holdings Corp. (ELNK) in Focus: Stock Jumps 5.6% - Tale of the Tape"", ""EarthLink Holdings Corp. (ELNK) in Focus: Stock Jumps 5.6% - Tale of the Tape"", ""EarthLink Holdings Corp. (ELNK) in Focus: Stock Jumps 5.6% - Tale of the Tape""]"
CSGP,2015-05-08,20.083,20.392,19.867,20.246,"[""Science Applications (SAIC) Secures a New Contract - Analyst Blog"", ""Science Applications (SAIC) Secures a New Contract - Analyst Blog"", ""Science Applications (SAIC) Secures a New Contract - Analyst Blog Science Applications International Corp . SAIC recently secured a task order worth approximately $118.5 million to provide fleet deployment training program support to the U.S. Fleet Forces Command. The U.S. Navy contract is a single-award, cost-plus-fixed-fee task order for one-year with four one-year options. The services under the contract will be performed mainly in Virginia, Norfolk and San Diego, CA. As per the contract, SAIC will offer fleet training development and implementation; curriculum development, synthetic training and live exercise development, execution and assessment. SAIC's deep history and skill in technology, networking and integration makes it uniquely positioned to support the Navy. SAIC already has expertise in providing the Navy with critical training support for their missions. Moving forward, SAIC's revenues are expected to get a major boost from the current contract. The company has a huge pipeline of new projects and continues to win deals at regular intervals. These contracts are key growth catalysts for the company. SAIC provides technical, engineering and enterprise IT services in the U.S., with its government segment serving the U.S. federal, state and local government agencies as well as foreign governments. Since its inception in 1969, SAIC has utilized its domain knowledge to solve critically important problems of the country in areas such as national security, energy and the environment, critical infrastructure, and health. SAIC currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth considering now include IMS Health Holdings, Inc. IMS , carrying a Zacks Rank #1 (Strong Buy), CoStar Group Inc. CSGP and Barracuda Networks, Inc. CUDA , which carry a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SCIENCE APP INT (SAIC): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report IMS HEALTH HLDG (IMS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Science Applications (SAIC) Secures a New Contract - Analyst Blog""]"
CSGP,2015-05-11,20.188,20.541,20.043,20.334,
CSGP,2015-05-12,20.13,20.631,20.13,20.597,
CSGP,2015-05-13,20.75,20.75,20.392,20.518,
CSGP,2015-05-14,20.657,20.989,20.382,20.965,"[""Sphere 3D (ANY) Plunges on Wider-Than-Expected Q1 Loss - Analyst Blog"", ""Sphere 3D (ANY) Plunges on Wider-Than-Expected Q1 Loss - Analyst Blog"", ""Sphere 3D (ANY) Plunges on Wider-Than-Expected Q1 Loss - Analyst Blog Shares of Sphere 3D CorporationANY plunged nearly 6% in yesterday's after-hours trade following the company reported wider-than-expected loss for the first quarter of 2015. The company's adjusted loss per share of 18 cents was wider than the Zacks Consensus Estimate of 15 cents loss. Moreover, it compared unfavorably with the year-ago quarter's breakeven results. On a GAAP-basis, the company posted a net loss per share of 27 cents compared with a loss of 4 cents reported in the year-ago quarter. The company's first-quarter revenues of $20.1 million were marginally higher than the Zacks Consensus Estimate of $20 million. However, it surged nearly 20 times year over year from revenues of $0.9 million reported in the year-ago quarter. The year-over-year growth was mainly driven by the acquisitions of Overland Storage and V3 Systems along with strategic alliances and higher number of deal wins. The company's non-GAAP gross profit increased to $6.6 million from $0.5 million in the year-ago quarter, mainly driven by strong top-line growth. However, as a percentage of revenues, non-GAAP gross profit decreased to 32.7% from 56.9% in the year-ago quarter. Operating expenses came in at $13.6 million versus $1.3 million in the first quarter of 2014. The company posted adjusted loss before interest, taxes, depreciation and amortization of $6.1 million as against earnings of $0.04 million reported in the year-ago quarter. Sphere 3D ended the first quarter with cash and cash equivalents of approximately $4.4 million compared with $4.3 million in the previous quarter. The company has a long-term debt obligation of $19.5 million at quarter-end. Our Take Sphere 3D started 2015 on a soft note incurring wider-than-expected loss in the first quarter. However, we are encouraged with the company's robust top line which gained from acquisitions, strategic alliances and higher number of deal wins. We believe that the company's strategy of growing through acquisitions will drive its revenues. Moreover, its sustained focus on product innovation and strategic alliances will continue to help it in winning more deals. Nonetheless, increased investment may impact the company's near-term profitability. Currently, Sphere 3D carries a Zacks Rank #2 (Buy). Other Stocks to Consider Apart from Sphere 3D, other stocks worth considering in the technology sector are Barracuda Networks Inc. CUDA , Computer Task Group Inc. CTG and CoStar Group Inc. CSGP . All the stocks carry the same Zacks Rank as Sphere 3D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COSTAR GRP INC (CSGP): Free Stock Analysis Report COMP TASK (CTG): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report SPHERE 3D CORP (ANY): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Sphere 3D (ANY) Plunges on Wider-Than-Expected Q1 Loss - Analyst Blog""]"
CSGP,2015-05-15,20.884,21.277,20.703,21.166,"[""Infosys (INFY) Joins IIC to Boost Industrial Internet Growth - Analyst Blog"", ""Infosys (INFY) Joins IIC to Boost Industrial Internet Growth - Analyst Blog"", ""Infosys (INFY) Joins IIC to Boost Industrial Internet Growth - Analyst Blog India-based consulting, technology and outsourcing giant InfosysINFY recently joined the prestigious Industrial Internet Consortium (\""IIC\""). Founded in Mar 2014, IIC aims at integration of organizations and technologies that would act as a catalyst for the growth of industrial Internet. Inside the Headlines One of the primary goals of the IIC is to develop a brilliant network of industrial automation. To achieve this goal, it focuses on improving global development standards for Internet, creating a robust reference architecture that supports interoperability and harboring open forums where members can share their insights. Infosys holds a solid record of making significant contributions in areas like maintenance, operations, information and service of enterprises through its profound knowledge and technical expertise in predictive analytics. In fact, Infosys's role in the ICC is to deploy its predictive analytics strength to develop future IIC testbeds, along with other key partners. Infosys plans to deploy its open-source and open-access features to develop highly advanced predictive analytics solutions that will boost asset efficiency of organizations, thereby leading to rapid innovation. Testbeds is one of the essential pillars of the IIC that empowers members of the Consortium to work on new solutions as well as test them in practical scenarios. Infsoys' support toward developing superior quality testbeds will help the Consortium accomplish its long-aspired vision of fostering innovation and new ideas for members. Our Take We believe Infosys' latest move to join the IIC is a judicious decision, given the current demand shift to the sophisticated big data and analytics from the conventional IT technologies. The company's decision to become a member of IIC will help it better comprehend the demand of clients as they gear up for Industry 4.0, the next industrial revolution that embraces cyber-physical systems, Internet of Things and Internet of Services. In this regard, Infosys has also launched an open-source-based analytics engine called Infosys Information Platform, which will enable industrial enterprises to seamlessly implement Industry 4.0. Going forward, these developments will likely improve the company's business prospects. Infosys currently has a Zacks Rank #4 (Sell). Better-ranked stocks include CoStar Group Inc. CSGP , Barracuda Networks, Inc. CUDA and Computer Task Group Inc. CTG . All three stocks hold a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report INFOSYS LTD (INFY): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report COMP TASK (CTG): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Infosys (INFY) Joins IIC to Boost Industrial Internet Growth - Analyst Blog""]"
CSGP,2015-05-18,21.18,21.363,20.962,21.313,
CSGP,2015-05-19,21.415,21.667,21.175,21.42,
CSGP,2015-05-20,21.44,21.501,20.965,21.029,
CSGP,2015-05-21,21.497,21.498,20.826,21.247,
CSGP,2015-05-22,21.096,21.278,20.936,20.963,"[""CoStar Group Files Lawsuit Against RealMassive Related To Improper Use Of Copyrighted Photographs Of Commercial Properties"", ""CoStar Group Files Lawsuit Against RealMassive Related To Improper Use Of Copyrighted Photographs Of Commercial Properties"", ""CoStar Group Files Lawsuit Against RealMassive Related To Improper Use Of Copyrighted Photographs Of Commercial Properties""]"
CSGP,2015-05-26,20.945,20.998,20.595,20.838,"[""CoStar Sues RealMassive, Alleges Copyright Infringement - Analyst Blog"", ""Unisys Boosts Innovation Growth on New ClearPath System - Analyst Blog"", ""Unisys Boosts Innovation Growth on New ClearPath System - Analyst Blog"", ""Unisys Boosts Innovation Growth on New ClearPath System - Analyst Blog"", ""CoStar Sues RealMassive, Alleges Copyright Infringement - Analyst Blog"", ""CoStar Sues RealMassive, Alleges Copyright Infringement - Analyst Blog"", ""CoStar Sues RealMassive, Alleges Copyright Infringement - Analyst Blog CoStar Realty Information, Inc., a subsidiary of real estate research giant CoStar Group Inc.CSGP , is suing Austin-based listings website and sharing platform RealMassive. The lawsuit alleges copyright infringement by the real estate listings company concerning CoStar's intellectual property. CoStar is seeking millions of dollars in damages and a permanent injunction against RealMassive and its senior executives, claiming that the company features CoStar's copyrighted photographs in listings posted on its site. The research firm has also submitted concrete evidence of the national-scale copyright violations to the court, including photos showed on RealMassive.com with the CoStar logo or watermark still on them. RealMassive has also used CoStar's photographs in its marketing materials, such as a print brochure and an online presentation. CoStar found over a 100 photographs that violated copyright laws within a span of just a few days. In all probability, RealMassive's alleged systematic theft has been conducted on a much larger scale, and the discovery process will shed light on the actual extent of the same. RealMassive launched an aggressive public relations and marketing program, exhibiting itself as a \""sharing\"" platform, in which commercial property owners willingly share data about their properties with users of the site for free. However, a quick assessment of the site and its content reveals a platform of stolen content. In fact, in the lawsuit filed in U.S. District Court in Austin, CoStar asserts that RealMassive is driven by a strategy built upon infringing proprietary content. RealMassive's founder and president, who is also the primary principal implicated in the lawsuit, Joshua McClure, has had a history of litigations. His previous company, Troopal Strategies, Inc. was sued in 2009 by Craigslist, which alleged that Troopal's software was designed to explicitly spam users and violate the terms of use of Craigslist. Subsequently, Troopal was held liable for $8.2 million in damages, and a permanent injunction was issued against the company and McClure. In April 2014, CoStar had filed a similar lawsuit against CompStak, alleging that some of CompStak's users had unlawfully shared and published CoStar's proprietary data. Subsequently, a judge ordered CompStak to disclose the identities of those users. After some time, CoStar dropped the case and did not take any further legal action. CoStar currently carries a Zacks Rank #2 (Buy). Other stocks that look promising and are worth considering now include IMS Health Holdings, Inc. IMS , Computer Task Group Inc. CTG and Barracuda Networks, Inc. CUDA , all of which carry the same rank as CoStar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COSTAR GRP INC (CSGP): Free Stock Analysis Report COMP TASK (CTG): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report IMS HEALTH HLDG (IMS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Unisys Boosts Innovation Growth on New ClearPath System - Analyst Blog Premium information technology company Unisys CorporationUIS lately stepped into the domain of software-defined data center with the launch of its Dorado ClearPath 8300 Intel-based systems. The new systems would be available in the market from May 29, 2015 onwards. Unisys conventionally offers various types of software for ClearPath Operating System ('OS') 2200 Servers. ClearPath systems primarily aim at capturing the rapid developments in the distributed environments, like service-oriented architecture (\""SOA\"") operations. These are related to areas like communications & networking, middleware, performance monitoring, security and many more. The new Dorado systems mark the zenith of the company's decade-long program, introduced for transforming the entire ClearPath architecture to a software-based fabric architecture from its traditional proprietary complementary metal oxide semiconductor ('CMOS') processor technology. The Dorado ClearPath 8300 system, running completely on Intel processors, would help Unisys' customers enter the software-defined data center market in a bigger way. Furthermore, the new system is capable of running applications written for previous CMOS or Intel-based Dorado systems, without any sort of modification. Unisys is a renowned multinational information technology company. Despite being the oldest firm in the contemporary information technology industry, Unisys is known to firmly follow an innovation-based growth strategy. Unisys, the developer and launcher of the first digital computers, presently offers a wide range of technology hardware, software, and services in the market. The company is focused on bringing about massive technological revolutions in areas of cyber-security, big data, mobility, social computing and cloud computing. Launch of the latest Dorado ClearPath 8300 system proves Unisys' strong commitment toward technological innovation. Stocks to Consider Unisys Corporation currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Barracuda Networks, Inc. CUDA , Computer Task Group Inc. CTG and CoStar Group Inc. CSGP . All three stocks hold a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UNISYS (UIS): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report COMP TASK (CTG): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Unisys Boosts Innovation Growth on New ClearPath System - Analyst Blog"", ""Unisys Boosts Innovation Growth on New ClearPath System - Analyst Blog"", ""CoStar Sues RealMassive, Alleges Copyright Infringement - Analyst Blog"", ""CoStar Sues RealMassive, Alleges Copyright Infringement - Analyst Blog""]"
CSGP,2015-05-27,20.88,21.108,20.714,21.045,"[""New Strong Buy Stocks for May 27th - Tale of the Tape"", ""New Strong Buy Stocks for May 27th - Tale of the Tape"", ""New Strong Buy Stocks for May 27th - Tale of the Tape Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Brocade Communications Systems, Inc. ( BRCD ) CARDIOME PHARMA CORP ( CRME ) Cascade Bancorp ( CACB ) CoStar Group Inc ( CSGP ) Fox Factory Holding Corp ( FOXF ) View the entire Zacks Rank #1 List . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BROCADE COMM SY (BRCD): Free Stock Analysis Report CARDIOME PHARMA (CRME): Free Stock Analysis Report CASCADE BANCORP (CACB): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report FOX FACTORY HLD (FOXF): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""New Strong Buy Stocks for May 27th - Tale of the Tape""]"
CSGP,2015-05-28,21.0,21.249,20.779,21.198,"[""CoStar Sues RealMassive, Alleges Copyright Infringement (Revised) - Analyst Blog"", ""CoStar Sues RealMassive, Alleges Copyright Infringement (Revised) - Analyst Blog"", ""CoStar Sues RealMassive, Alleges Copyright Infringement (Revised) - Analyst Blog CoStar Realty Information, Inc., a subsidiary of real estate research giant CoStar Group Inc.CSGP , is suing Austin-based listings website and sharing platform RealMassive. The lawsuit alleges copyright infringement by the real estate listings company concerning CoStar's intellectual property. CoStar is seeking millions of dollars in damages and a permanent injunction against RealMassive and its senior executives, claiming that the company features CoStar's copyrighted photographs in listings posted on its site. The research firm has also submitted concrete evidence of the national-scale copyright violations to the court, including photos showed on RealMassive.com with the CoStar logo or watermark still on them. RealMassive has also used CoStar's photographs in its marketing materials, such as a print brochure and an online presentation. CoStar found over a 100 photographs that violated copyright laws within a span of just a few days. In all probability, RealMassive's alleged systematic theft has been conducted on a much larger scale, and the discovery process will shed light on the actual extent of the same. RealMassive launched an aggressive public relations and marketing program, exhibiting itself as a \""sharing\"" platform, in which commercial property owners willingly share data about their properties with users of the site for free. However, a quick assessment of the site and its content reveals a platform of stolen content. In fact, in the lawsuit filed in U.S. District Court in Austin, CoStar asserts that RealMassive is driven by a strategy built upon infringing proprietary content. RealMassive's founder and president, who is also the primary principal implicated in the lawsuit, Joshua McClure, has had a history of litigations. His previous company, Troopal Strategies, Inc. was sued in 2009 by Craigslist, which alleged that Troopal's software was designed to explicitly spam users and violate the terms of use of Craigslist. Subsequently, Troopal was held liable for $8.2 million in damages, and a permanent injunction was issued against the company and McClure. CoStar currently carries a Zacks Rank #1 (Strong Buy). Other stocks that look promising and are worth considering now include IMS Health Holdings, Inc. IMS , Computer Task Group Inc. CTG and Barracuda Networks, Inc. CUDA , all of which carry the same rank as CoStar. (We are reissuing this article to correct a mistake. The original article, issued on May 26, 2015, should no longer be relied upon.) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COSTAR GRP INC (CSGP): Free Stock Analysis Report COMP TASK (CTG): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report IMS HEALTH HLDG (IMS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Sues RealMassive, Alleges Copyright Infringement (Revised) - Analyst Blog""]"
CSGP,2015-05-29,21.147,21.176,20.776,20.891,
CSGP,2015-06-01,20.895,21.004,20.574,20.659,"[""CoStar Group Names Becky Carr Chief Marketing Officer, Eric Brodnax Chief Digital Officer"", ""CoStar Group Names Becky Carr Chief Marketing Officer, Eric Brodnax Chief Digital Officer"", ""CoStar Group Names Becky Carr Chief Marketing Officer, Eric Brodnax Chief Digital Officer""]"
CSGP,2015-06-02,20.594,20.84,20.512,20.596,
CSGP,2015-06-03,20.411,20.897,20.411,20.769,"[""Unisys Secures Aussie Contract to Improve Productivity - Analyst Blog"", ""Unisys Secures Aussie Contract to Improve Productivity - Analyst Blog"", ""Unisys Secures Aussie Contract to Improve Productivity - Analyst Blog""]"
CSGP,2015-06-04,20.7,20.846,20.456,20.583,
CSGP,2015-06-05,20.528,21.1,20.46,21.015,
CSGP,2015-06-08,21.048,21.356,20.46,20.585,"[""CoStar Group Apartments.com Sales Growing at 50% Annualized Rate, Sees Q2 2015 EPS $0.02-$0.05, FY EPS $1.58-$1.68"", ""CoStar Group Apartments.com Sales Growing at 50% Annualized Rate, Sees Q2 2015 EPS $0.02-$0.05, FY EPS $1.58-$1.68"", ""CoStar Group Apartments.com Sales Growing at 50% Annualized Rate, Sees Q2 2015 EPS $0.02-$0.05, FY EPS $1.58-$1.68""]"
CSGP,2015-06-09,20.665,20.665,19.935,20.131,
CSGP,2015-06-10,20.231,20.72,20.195,20.575,
CSGP,2015-06-11,20.65,20.894,20.324,20.418,
CSGP,2015-06-12,20.315,20.697,20.252,20.634,"[""Reis Inc.: Wide-Moat Business At An Attractive Valuation"", ""Ron Baron Adds to Some of His Most Valuable Stakes in First Quarter"", ""Mariko Gordon's Trades In Q1 2015"", ""Ron Baron Adds to Some of His Most Valuable Stakes in First Quarter"", ""Mariko Gordon's Trades In Q1 2015"", ""Reis Inc.: Wide-Moat Business At An Attractive Valuation"", ""Ron Baron Adds to Some of His Most Valuable Stakes in First Quarter Baron Funds manager Ron Baron ( Trades , Portfolio ) has a reputation for investing in small, underappreciated companies, and his additions to his portfolio in the first quarter reinforce that reputation. Baron added to well over 100 holdings in his portfolio in the first quarter, some of which are among his most valuable stakes even though they are not generally well known to many investors. The impacts of those additions on Baron's portfolio were modest, even negligible. The largest addition to his portfolio - in terms of its impact - was only 0.27%. That was Diplomat Pharmacy Inc ( DPLO ). Dodge & Cox Undervalued Stocks Dodge & Cox Top Growth Companies Dodge & Cox High Yield stocks David Dreman Undervalued Stocks David Dreman Top Growth Companies David Dreman High Yield stocks Ron Baron Undervalued Stocks Ron Baron Top Growth Companies Ron Baron High Yield stocks Baron added 29,883 shares to his third-most valuable stake, CoStar Group Inc ( CSGP ), a Washington, D.C.-based commercial real estate information and marketing provider, for an average price of $188.83 per share. CoStar Group has a market cap of $6.62 billion and an enterprise value of $6.58 billion. It has a P/E of 225, a Price/Book of 4.3 and a Price/Sales of 10.4. Mariko Gordon (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Frank Sands (Trades, Portfolio) and Murray Stahl (Trades, Portfolio) have shares of CoStar Group in his portfolio. Julian Robertson (Trades, Portfolio) sold his stake in the first quarter. Baron's addition to his fourth-most valuable stake, Arch Capital Group Ltd ( ACGL ), was considerably smaller. He bought 735 shares for an average price of $60.06 per share. At its website, Arch Capital Group says it is \""a Bermuda public limited liability company [that] writes insurance and reinsurance on a worldwide basis.\"" It has a market cap of $8.14 billion and an enterprise value of $8.98 billion. It has a P/E of 9.7, a Price/Book of 1.4 and a Price/Sales of 2.1. Jim Simons (Trades, Portfolio), Third Avenue Management (Trades, Portfolio), Ruane Cunniff (Trades, Portfolio) and David Dreman (Trades, Portfolio) have shares of Arch Capital in their portfolios. Ken Fisher (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) sold their stakes in the first quarter. Baron also added to the 10th-most valuable stake in his portfolio, Under Armour Inc ( UA ), a sports clothing and accessories company headquartered in Baltimore. Baron acquired 13,917 shares of Under Armour for an average price of $73.57 per share. Under Armour has a market cap of $17.54 billion and an enterprise value of $18.18 billion. It has a P/E of 88.7, a Price/Book of 12.8 and a Price/Sales of 5.5. Jim Simons (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Murray Stahl (Trades, Portfolio), Ken Fisher (Trades, Portfolio) and Dodge & Cox have shares of Under Armour in their portfolios. Steve Mandel (Trades, Portfolio) and Ray Dalio (Trades, Portfolio) sold their stakes in the first quarter. To view the portfolios of more gurus, visit theList of Guruspage. Not a premium member of GuruFocus?Try it free for 7 days. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members . This article first appeared on GuruFocus . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Ron Baron Adds to Some of His Most Valuable Stakes in First Quarter"", ""Mariko Gordon's Trades In Q1 2015"", ""Reis Inc.: Wide-Moat Business At An Attractive Valuation""]"
CSGP,2015-06-15,20.474,20.655,20.302,20.489,
CSGP,2015-06-16,20.464,20.866,20.38,20.727,
CSGP,2015-06-17,20.749,20.908,20.515,20.63,
CSGP,2015-06-18,20.674,20.922,20.538,20.84,
CSGP,2015-06-19,20.952,20.952,20.596,20.699,
CSGP,2015-06-22,20.85,20.927,20.702,20.832,
CSGP,2015-06-23,20.884,20.884,20.505,20.58,
CSGP,2015-06-24,20.534,20.69,20.237,20.351,
CSGP,2015-06-25,20.358,20.73,20.252,20.634,
CSGP,2015-06-26,20.686,20.809,20.345,20.606,
CSGP,2015-06-29,20.427,20.512,20.071,20.152,
CSGP,2015-06-30,20.247,20.268,19.971,20.126,
CSGP,2015-07-01,20.327,20.327,19.718,20.131,
CSGP,2015-07-02,19.945,20.304,19.942,20.246,
CSGP,2015-07-06,20.19,20.52,19.846,20.28,
CSGP,2015-07-07,20.26,20.449,19.89,20.446,
CSGP,2015-07-08,20.244,20.441,19.975,20.036,
CSGP,2015-07-09,20.252,20.536,20.195,20.377,
CSGP,2015-07-10,20.672,20.9,20.445,20.812,
CSGP,2015-07-13,20.93,21.074,20.711,20.789,
CSGP,2015-07-14,20.435,21.028,19.993,20.611,
CSGP,2015-07-15,20.669,21.057,20.565,21.041,
CSGP,2015-07-16,21.085,21.557,20.967,21.523,
CSGP,2015-07-17,21.525,21.723,21.404,21.645,
CSGP,2015-07-20,21.69,21.781,21.426,21.705,
CSGP,2015-07-21,21.75,22.349,21.666,21.843,
CSGP,2015-07-22,21.668,21.982,21.329,21.376,
CSGP,2015-07-23,21.378,21.706,21.274,21.4,
CSGP,2015-07-24,21.468,21.681,21.38,21.483,
CSGP,2015-07-27,21.281,21.474,20.815,20.952,
CSGP,2015-07-28,21.052,21.205,20.704,21.136,"[""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close""]"
CSGP,2015-07-29,21.036,21.403,20.921,21.285,"[""Management Thinks It Is The Star Of CoStar Group; I Disagree"", ""CoStar Group beats by $0.65, beats on revenue"", ""CoStar Group beats by $0.65, beats on revenue"", ""Management Thinks It Is The Star Of CoStar Group; I Disagree"", ""CoStar Group Inc. Revenue Rises as Apartments.com Increases its Dominance CoStar Group reported second quarter results after the market close today. The commercial real estate information provider delivered solid top-line growth and earnings that topped Wall Street's expectations, and also raised its revenue and profit outlook for 2015. Second-quarter revenue rose 16% year over year to $170.7 million. \""Our strategic investments in the Apartments.com relaunch, our national advertising campaign and the National Apartment Association exposition in June have clearly paid off by fueling a dramatic acceleration of sales in the second quarter 2015,\"" said Founder and CEO Andrew Florance in a press release. Yet EBITDA (earnings before interest, taxes, amortization, and depreciation) declined to a loss of $1.5 million in the second quarter, compared to a $37.6 million gain in the year ago period, as CoStar continues to invest heavily in marketing Apartments.com. Adjusted EBITDA, which excludes share-based compensation as well as certain acquisition-related and restructuring costs, declined 75% to $11.3 million. Adjusted net income also fell, declining to $2.4 million, or $0.08 per share, compared to $23.5 million, or $0.80 per share, in the second quarter of 2014. The $0.08 of EPS was, however, better than the $0.04 Wall Street was expecting. Fortunately, these investments appear to be paying off, with Apartments.com sales growing at an annualized pace of 58% over the last four months. In addition, Apartments.com experienced a 70% year-over-year increase in unique visitors during the second quarter, making it the most visited apartment listings site during that time by a wide margin. In fact, for the month of June, Apartments.com had more than three times the number of page views and 50% higher total time spent on its site than its next closest apartment site competitor. CoStar's recent acquisition of Apartment Finder is also helping to widen its lead in multifamily listings. \""We have already increased visits to that site by 135% year-over-year according to comScore,\"" stated Florance in the earnings release. \""Apartment Finder is benefiting from our Apartments.com advertising campaign as we retarget Apartments.com visitors to ApartmentFinder.com, initiate aggressive digital marketing, and cross-sell our apartment listing sites -- Apartments.com, ApartmentFinder.com and ApartmentHomeLiving.com -- along with our information service CoStar Market Analytics.\"" On a company-wide basis, net bookings in the second quarter surged to $34 million, up 66% compared to first quarter of 2015 and 95% from the year-ago period. Looking ahead Management expects adjusted earnings per share of approximately $0.42 to $0.45 for the third quarter and $0.79 to $0.84 for the fourth quarter of 2015. That compares to analysts' estimates for $0.49 in Q3 and $0.78 in Q4, as per S&P Capital IQ. More importantly, CoStar raised its full-year revenue and earnings guidance. 2015 revenue is now expected to be in the range of $707 million to $712 million, with the top end of the range now $52 million higher than management's initial 2015 guidance forecast. And adjusted earnings per share are now projected to be in a range of $1.62 to $1.70, an increase of $0.03 at the midpoint compared to the CoStar's prior guidance. This $19 trillion industry could destroy the Internet One bleeding-edge technology is about to put the World Wide Web to bed. And if you act quickly, you could be among the savvy investors who enjoy the profits from this stunning change. Experts are calling it the single largest business opportunity in the history of capitalism... The Economist is calling it \""transformative\""... But you'll probably just call it \""how I made my millions.\"" Don't be too late to the party -- click here for one stock to own when the Web goes dark. The article CoStar Group Inc. Revenue Rises as Apartments.com Increases its Dominance originally appeared on Fool.com. Joe Tenebruso has no position in any stocks mentioned. The Motley Fool recommends CoStar Group. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy . Copyright \u00a9 1995 - 2015 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group beats by $0.65, beats on revenue"", ""Management Thinks It Is The Star Of CoStar Group; I Disagree""]"
CSGP,2015-07-30,21.394,21.5,20.613,20.749,
CSGP,2015-07-31,20.77,20.8,20.082,20.129,
CSGP,2015-08-03,20.119,20.313,19.145,19.727,
CSGP,2015-08-04,19.727,19.877,19.445,19.587,
CSGP,2015-08-05,19.649,20.157,19.649,19.795,
CSGP,2015-08-06,19.855,19.863,19.383,19.455,
CSGP,2015-08-07,19.41,19.733,19.334,19.691,
CSGP,2015-08-10,19.793,20.046,19.638,20.028,"[""5 U.S. Stocks With Free Cash Flow Growth of 70%+"", ""5 U.S. Stocks With Free Cash Flow Growth of 70%+"", ""5 U.S. Stocks With Free Cash Flow Growth of 70%+""]"
CSGP,2015-08-11,19.979,20.004,19.55,19.856,
CSGP,2015-08-12,19.71,19.855,19.164,19.651,
CSGP,2015-08-13,19.53,19.664,19.247,19.546,
CSGP,2015-08-14,19.54,19.671,19.337,19.558,
CSGP,2015-08-17,19.47,19.618,19.362,19.616,
CSGP,2015-08-18,19.577,19.622,19.353,19.368,
CSGP,2015-08-19,19.314,19.314,19.0,19.214,"CSGP Makes Notable Cross Below Critical Moving Average In trading on Wednesday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed below their 200 day moving average of $192.19, changing hands as low as $190.00 per share. CoStar Group, Inc. shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $134.38 per share, with $223.49 as the 52 week high point - that compares with a last trade of $190.73. According to the ETF Finder at ETF Channel, CSGP makes up 1.54% of the PowerShares DWA Industrials Momentum Portfolio ETF (Symbol: PRN) which is trading lower by about 1.6% on the day Wednesday. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2015-08-20,19.1,19.1,18.796,18.81,"[""Speculative Office Construction Returns With Caution"", ""Speculative Office Construction Returns With Caution"", ""Speculative Office Construction Returns With Caution""]"
CSGP,2015-08-21,18.603,18.696,18.037,18.161,
CSGP,2015-08-24,17.143,17.979,16.969,17.0,
CSGP,2015-08-25,17.467,17.81,17.036,17.074,
CSGP,2015-08-26,17.537,17.563,16.744,17.524,
CSGP,2015-08-27,17.711,18.081,17.584,17.941,
CSGP,2015-08-28,17.892,18.203,17.814,18.138,
CSGP,2015-08-31,18.026,18.164,17.578,17.704,
CSGP,2015-09-01,17.383,17.66,17.011,17.138,
CSGP,2015-09-02,17.275,17.466,17.069,17.458,
CSGP,2015-09-03,17.512,17.844,17.443,17.818,
CSGP,2015-09-04,17.608,17.699,17.397,17.48,
CSGP,2015-09-08,17.767,18.046,17.566,17.943,
CSGP,2015-09-09,18.129,18.279,17.679,17.739,
CSGP,2015-09-10,17.72,17.944,17.701,17.798,
CSGP,2015-09-11,17.504,17.957,17.504,17.924,
CSGP,2015-09-14,17.943,17.943,17.56,17.713,
CSGP,2015-09-15,17.715,18.0,17.694,17.961,
CSGP,2015-09-16,18.0,18.21,17.894,17.994,
CSGP,2015-09-17,18.003,18.252,17.84,18.101,
CSGP,2015-09-18,17.899,17.941,17.316,17.666,
CSGP,2015-09-21,17.78,18.154,17.702,17.856,
CSGP,2015-09-22,17.594,17.853,17.414,17.588,
CSGP,2015-09-23,17.613,17.71,17.237,17.493,
CSGP,2015-09-24,17.303,17.669,17.014,17.177,
CSGP,2015-09-25,17.366,17.399,16.921,17.124,
CSGP,2015-09-28,17.062,17.207,16.45,16.626,
CSGP,2015-09-29,16.634,16.757,16.349,16.453,
CSGP,2015-09-30,16.586,17.459,16.586,17.306,
CSGP,2015-10-01,17.409,17.409,16.798,17.007,
CSGP,2015-10-02,16.817,17.528,16.817,17.524,
CSGP,2015-10-05,17.645,18.01,17.558,17.973,
CSGP,2015-10-06,18.038,18.301,17.871,18.181,
CSGP,2015-10-07,18.311,18.606,18.187,18.572,
CSGP,2015-10-08,18.529,18.942,18.529,18.863,
CSGP,2015-10-09,18.884,19.074,18.621,18.769,
CSGP,2015-10-12,18.759,18.943,18.607,18.757,
CSGP,2015-10-13,18.67,19.275,18.397,18.454,
CSGP,2015-10-14,18.465,18.608,18.186,18.252,
CSGP,2015-10-15,18.352,18.563,18.141,18.55,"[""Why Rental Rates At Biotech Labs Are Skyrocketing"", ""Why Rental Rates At Biotech Labs Are Skyrocketing"", ""Why Rental Rates At Biotech Labs Are Skyrocketing""]"
CSGP,2015-10-16,18.517,18.583,18.327,18.481,
CSGP,2015-10-19,18.405,18.637,18.308,18.585,
CSGP,2015-10-20,18.58,18.651,18.152,18.312,
CSGP,2015-10-21,18.374,18.491,18.056,18.245,
CSGP,2015-10-22,18.424,18.869,18.352,18.671,
CSGP,2015-10-23,18.893,19.198,18.718,19.087,
CSGP,2015-10-26,19.107,19.301,18.919,19.06,
CSGP,2015-10-27,19.066,19.24,18.961,19.118,
CSGP,2015-10-28,19.073,19.357,18.999,19.227,"[""CoStar Group Reports Q3 EPS $0.69 Vs Est $0.45"", ""CoStar Group Reports Q3 EPS $0.69 Vs Est $0.45"", ""CoStar Group Reports Q3 EPS $0.69 Vs Est $0.45""]"
CSGP,2015-10-29,19.23,20.412,19.012,20.268,"Bullish Two Hundred Day Moving Average Cross - CSGP In trading on Thursday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed above their 200 day moving average of $194.51, changing hands as high as $203.70 per share. CoStar Group, Inc. shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $148.13 per share, with $223.49 as the 52 week high point - that compares with a last trade of $193.61. According to the ETF Finder at ETF Channel, CSGP makes up 2.79% of the PowerShares Dynamic Media Portfolio ETF (Symbol: PBS) which is trading higher by about 0.3% on the day Thursday. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2015-10-30,20.197,20.571,20.197,20.307,
CSGP,2015-11-02,20.403,20.692,20.199,20.371,
CSGP,2015-11-03,20.297,20.375,20.071,20.122,
CSGP,2015-11-04,20.222,20.416,20.015,20.352,"Baron Funds Comments on CoStar Group Shares of CoStar Group, Inc. ( NASDAQ:CSGP ) , the leading provider of information and marketing services to the commercial real estate industry, detracted from third quarter performance. Investors appeared cautious about the magnitude of CoStar's 2016 marketing investments to support its multifamily initiative. We see strong early traction in the multifamily space and believe that investments in marketing will yield meaningful returns. Over time, we believe the multifamily business can evolve into an incremental $1 billion business with 50% margins. (Neal Rosenberg) From Baron Funds' Baron Partners Fund shareholder letter for Q3 2015. Read More: How the Walgreens-Rite Aid Deal Stacks Up Against Paulson's Merger Arbitrage Checklist How to Pick Value Stocks RS Investment Management Continues to Invest Globally John Paulson Undervalued Stocks John Paulson Top Growth Companies John Paulson High Yield stocks RS Investment Management Undervalued Stocks RS Investment Management Top Growth Companies RS Investment Management High Yield stocks Ron Baron Undervalued Stocks Ron Baron Top Growth Companies Ron Baron High Yield stocks Ron Baron Undervalued Stocks Ron Baron Top Growth Companies Ron Baron High Yield stocks Ron Baron Undervalued Stocks Ron Baron Top Growth Companies Ron Baron High Yield stocks About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members . This article first appeared on GuruFocus . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2015-11-05,20.377,20.509,20.074,20.45,
CSGP,2015-11-06,20.281,20.491,20.227,20.409,
CSGP,2015-11-09,20.345,20.404,20.016,20.356,
CSGP,2015-11-10,20.288,20.453,20.028,20.434,
CSGP,2015-11-11,20.509,20.633,20.262,20.467,
CSGP,2015-11-12,20.389,20.668,20.315,20.417,
CSGP,2015-11-13,20.277,20.321,19.934,19.982,
CSGP,2015-11-16,19.872,20.306,19.872,20.161,
CSGP,2015-11-17,20.18,20.399,20.046,20.249,
CSGP,2015-11-18,20.275,20.943,20.239,20.789,
CSGP,2015-11-19,20.927,20.927,20.473,20.5,
CSGP,2015-11-20,20.543,20.549,20.33,20.455,"[""Apartments.com Reports Strategic Content Relationship With News Corp. Subsidiary Move"", ""Apartments.com Reports Strategic Content Relationship With News Corp. Subsidiary Move"", ""Apartments.com Reports Strategic Content Relationship With News Corp. Subsidiary Move""]"
CSGP,2015-11-23,20.4,20.553,20.327,20.527,
CSGP,2015-11-24,20.5,20.993,20.368,20.954,
CSGP,2015-11-25,21.0,21.175,20.873,20.894,
CSGP,2015-11-27,20.966,21.104,20.846,21.0,
CSGP,2015-11-30,20.949,21.026,20.719,20.924,
CSGP,2015-12-01,20.955,21.133,20.818,20.942,
CSGP,2015-12-02,21.015,21.116,20.802,20.824,
CSGP,2015-12-03,20.94,20.94,20.286,20.476,
CSGP,2015-12-04,20.446,20.905,20.368,20.905,
CSGP,2015-12-07,20.831,20.988,20.596,20.681,
CSGP,2015-12-08,20.489,20.81,20.362,20.655,
CSGP,2015-12-09,20.541,20.922,20.521,20.63,
CSGP,2015-12-10,20.541,20.893,20.379,20.758,
CSGP,2015-12-11,20.521,20.677,20.193,20.255,
CSGP,2015-12-14,20.286,20.528,20.039,20.359,
CSGP,2015-12-15,20.485,20.818,20.236,20.275,
CSGP,2015-12-16,20.367,20.877,20.23,20.798,
CSGP,2015-12-17,20.8,20.98,20.491,20.582,
CSGP,2015-12-18,20.582,20.811,20.273,20.367,
CSGP,2015-12-21,20.53,20.743,20.286,20.437,
CSGP,2015-12-22,20.208,20.626,19.658,20.174,
CSGP,2015-12-23,20.317,20.49,20.096,20.262,
CSGP,2015-12-24,20.302,20.916,20.274,20.773,
CSGP,2015-12-28,20.762,20.997,20.744,20.957,
CSGP,2015-12-29,21.023,21.351,20.898,21.042,
CSGP,2015-12-30,21.092,21.31,20.704,20.744,"[""Mariko Gordon's Largest Cuts During the 3rd Quarter"", ""Mariko Gordon's Largest Cuts During the 3rd Quarter"", ""Mariko Gordon's Largest Cuts During the 3rd Quarter""]"
CSGP,2015-12-31,20.68,21.0,20.461,20.669,
CSGP,2016-01-04,20.332,20.498,19.654,19.754,
CSGP,2016-01-05,19.816,20.122,19.534,19.973,
CSGP,2016-01-06,19.584,19.879,19.375,19.487,
CSGP,2016-01-07,19.138,19.27,18.29,18.429,"RSI Alert: CoStar Group (CSGP) Now Oversold Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Thursday, shares of CoStar Group, Inc. (Symbol: CSGP) entered into oversold territory, hitting an RSI reading of 27.9, after changing hands as low as $182.90 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 32.1. A bullish investor could look at CSGP's 27.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CSGP shares: Looking at the chart above, CSGP's low point in its 52 week range is $163.49 per share, with $223.49 as the 52 week high point - that compares with a last trade of $184.29. According to the ETF Finder at ETF Channel, CSGP makes up 1.47% of the PowerShares DWA Industrials Momentum Portfolio ETF (Symbol: PRN) which is trading lower by about 2.7% on the day Thursday. Find out what 9 other oversold stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-01-08,18.443,18.75,18.085,18.212,
CSGP,2016-01-11,18.265,18.356,17.665,18.012,
CSGP,2016-01-12,18.173,18.631,18.168,18.527,"[""CoStar Still Not Obviously Cheap On This Dip... But Will It Ever Be?"", ""CoStar Still Not Obviously Cheap On This Dip... But Will It Ever Be?"", ""CoStar Still Not Obviously Cheap On This Dip... But Will It Ever Be?""]"
CSGP,2016-01-13,18.73,19.091,18.01,18.023,
CSGP,2016-01-14,17.935,18.568,17.844,18.349,
CSGP,2016-01-15,17.776,18.298,17.627,17.82,
CSGP,2016-01-19,18.005,18.005,17.482,17.752,
CSGP,2016-01-20,17.413,17.618,16.566,17.422,
CSGP,2016-01-21,17.523,17.766,17.478,17.618,
CSGP,2016-01-22,17.798,18.015,17.737,17.834,
CSGP,2016-01-25,17.781,18.194,16.999,17.097,
CSGP,2016-01-26,17.146,17.184,16.492,17.069,
CSGP,2016-01-27,17.054,17.346,16.943,17.0,
CSGP,2016-01-28,17.267,17.267,16.832,17.04,
CSGP,2016-01-29,17.118,17.565,17.118,17.537,
CSGP,2016-02-01,17.407,17.863,17.407,17.726,"[""13G Filing Shows Costar Group Holder Winslow Capital Mgmt LLC Holds 4.25% As Of Dec 31"", ""13G Filing Shows Costar Group Holder Winslow Capital Mgmt LLC Holds 4.25% As Of Dec 31"", ""13G Filing Shows Costar Group Holder Winslow Capital Mgmt LLC Holds 4.25% As Of Dec 31""]"
CSGP,2016-02-02,17.553,17.553,16.861,16.911,
CSGP,2016-02-03,17.057,17.15,16.416,16.71,
CSGP,2016-02-04,16.633,17.314,16.562,17.239,
CSGP,2016-02-05,17.139,17.32,16.249,16.328,"[""Baron Funds Comments on CoStar Group"", ""Baron Funds Comments on CoStar Group"", ""Baron Funds Comments on CoStar Group""]"
CSGP,2016-02-08,16.02,16.02,14.681,14.878,
CSGP,2016-02-09,14.708,15.694,14.653,15.401,"Surprising Analyst 12-Month Target For FXR Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Industrials/Producer Durables AlphaDEX Fund ETF (Symbol: FXR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $29.35 per unit. With FXR trading at a recent price near $23.75 per unit, that means that analysts see 23.57% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FXR's underlying holdings with notable upside to their analyst target prices are HD Supply Holdings Inc (Symbol: HDS), CoStar Group, Inc. (Symbol: CSGP), and Copa Holdings S.A. (Symbol: CPA). Although HDS has traded at a recent price of $22.40/share, the average analyst target is 64.29% higher at $36.80/share. Similarly, CSGP has 60.38% upside from the recent share price of $148.90 if the average analyst target price of $238.80/share is reached, and analysts on average are expecting CPA to reach a target price of $69.28/share, which is 44.83% above the recent price of $47.84. Below is a twelve month price history chart comparing the stock performance of HDS, CSGP, and CPA: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-02-10,15.537,15.857,15.399,15.703,
CSGP,2016-02-11,15.477,15.694,15.255,15.541,
CSGP,2016-02-12,15.723,16.008,15.421,15.771,
CSGP,2016-02-16,16.06,16.313,15.81,16.247,
CSGP,2016-02-17,16.378,17.202,16.357,17.009,
CSGP,2016-02-18,17.016,17.362,16.601,16.819,
CSGP,2016-02-19,16.755,17.334,16.744,17.161,
CSGP,2016-02-22,17.333,17.698,17.085,17.23,
CSGP,2016-02-23,17.124,17.458,16.881,17.28,"[""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close""]"
CSGP,2016-02-24,17.081,17.494,16.756,17.288,"[""CoStar Group beats by $0.28, beats on revenue"", ""CoStar Group Reports Q4 EPS $1.10 vs. Est. $0.82, Rev. $193M vs Est. $192M"", ""CoStar Sees Q1 Rev. $196-$198M vs. Est. $197M, EPS $0.66-$0.70 vs. Est. $0.77; FY16 Rev. $830-$840M vs. Est. $844M, EPS $3.62-$3.72 vs. Est. $3.59"", ""CoStar Sees Q1 Rev. $196-$198M vs. Est. $197M, EPS $0.66-$0.70 vs. Est. $0.77; FY16 Rev. $830-$840M vs. Est. $844M, EPS $3.62-$3.72 vs. Est. $3.59"", ""CoStar Group Reports Q4 EPS $1.10 vs. Est. $0.82, Rev. $193M vs Est. $192M"", ""CoStar Group beats by $0.28, beats on revenue"", ""CoStar Sees Q1 Rev. $196-$198M vs. Est. $197M, EPS $0.66-$0.70 vs. Est. $0.77; FY16 Rev. $830-$840M vs. Est. $844M, EPS $3.62-$3.72 vs. Est. $3.59"", ""CoStar Group Reports Q4 EPS $1.10 vs. Est. $0.82, Rev. $193M vs Est. $192M"", ""CoStar Group beats by $0.28, beats on revenue""]"
CSGP,2016-02-25,17.343,18.238,16.166,17.116,"[""CoStar Group (CSGP) Andrew C. Florance on Q4 2015 Results - Earnings Call Transcript"", ""CoStar Group (CSGP) Andrew C. Florance on Q4 2015 Results - Earnings Call Transcript"", ""CoStar Group (CSGP) Andrew C. Florance on Q4 2015 Results - Earnings Call Transcript""]"
CSGP,2016-02-26,17.201,17.978,17.085,17.924,
CSGP,2016-02-29,17.954,18.078,17.67,17.705,
CSGP,2016-03-01,17.855,18.027,17.58,17.92,
CSGP,2016-03-02,17.866,17.974,17.268,17.929,"Apartments.com Growth Drives CoStar Group, Inc. Earnings Sharply Higher In CoStar Group 's fourth-quarter results on Feb. 24, the leading provider of commercial real estate information, analytics, and online marketplaces showed that it is successfully integrating its online apartments sites -- and that is delivering significant cost savings and sizable profits. CoStar Group results: The raw numbers Data source: CoStar Group Q4 2015 earnings press release . What happened with CoStar Group this quarter? CoStar Group spent much of 2015 ""building the premier marketplace for renting an apartment in the United States,"" said Founder and CEO Andrew Florance in a press release. CoStar appears to have done just that, as Apartments.com enjoyed more visitor traffic in 2015 than any other apartment rental website, according to comScore. In addition, revenue from Apartments.com jumped 30% year over year in the fourth quarter. The company is also investing heavily to integrate CoStar, Apartments.com, and Apartment Finder. Those investments are beginning to bear fruit, with fourth-quarter EBITDA (earnings before interest, taxes, depreciation, and amortization) rising to $55 million, a 29% year-over-year increase and a nearly 150% sequential increase from the third quarter of 2015. Adjusted EBITDA -- which excludes stock-based compensation, restructuring charges, acquisition-related costs, and other special items -- also rose 20% year over year to $65 million. All told, adjusted (non-GAAP) net income grew 17% to $35 million, and adjusted earnings per share increased 18% to $1.10. Looking forward For the first quarter, Costar expects revenue of approximately $196 million to $198 million and non-GAAP net income per share between $0.66 and $0.70. Management also anticipates full-year 2016 revenue of $830 million to $840 million, and non-GAAP net income per share in a range of $3.62 to $3.72 -- an increase of approximately 80% at the midpoint over 2015. ""We believe our investments in Apartments.com and Apartment Finder in 2015 provide a strong platform for future revenue growth, and are additive to the consistent double-digit revenue growth contribution from our core business,"" said CFO Scott Wheeler. ""We expect the success of our integration and cost management efforts will deliver continued profit improvements in 2016."" Looking even further ahead, management reiterated its long-term revenue and margin guidance. ""EBITDA more than doubled from the third quarter to the fourth quarter of 2015 while EBITDA margin for the fourth quarter of 2015 expanded to 29%,"" said Florance. ""We believe these strong results plainly demonstrate that we are on target to achieve our goal of $1 billion in revenue and 40% margin exiting 2018."" A secret billion-dollar stock opportunity The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here . The article Apartments.com Growth Drives CoStar Group, Inc. Earnings Sharply Higher originally appeared on Fool.com. Joe Tenebruso has no position in any stocks mentioned. The Motley Fool recommends CoStar Group. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy . Copyright © 1995 - 2016 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-03-03,17.973,18.151,17.882,18.131,"[""Costar Halts RealMassive's Systematic Theft Practices Receiving $1M Payment"", ""UPDATE: CoStar Payment Receival Was Announced Yesterday"", ""UPDATE: CoStar Payment Receival Was Announced Yesterday"", ""Costar Halts RealMassive's Systematic Theft Practices Receiving $1M Payment"", ""Infosys' Finacle to Boost Kuwait-Based ABK's Operations Premium IT giant Infosys LimitedINFY recently announced that its famous Finacle banking solution has been selected for transforming and modernizing the operational technology of Al Ahli Bank ('ABK') in Kuwait. Finacle is offered by the company's product subsidiary EdgeVerve Systems and is regarded a popular operational efficiency enhancing solution for banks. ABK would be adopting the entire suite of Finacle solutions within its operational process, in domains such as Core Banking, Customer Relationship Management, e-Banking, Treasury, Wealth Management, SMS Banking, Liquidity Management, Retail, Alerts and Corporate Loan Origination. The bank aims to improve its operational efficacy, scale up management system and digitize customer services with the help of the Finacle banking solution. Infosys shares a high brand value in the global technology, consultancy, outsourcing and services market. The company's Global Delivery Model offers sound commercial performance to its clients. Operating through six major business segments, Infosys markets its services to large enterprises in North America, Europe and the Asia-Pacific region. Modern day financial institutions offer an advanced digital banking experience to its customers. Through innovations and strong banking solutions such as Finacle, they strengthen stakeholder relationships and drive operations. It is a proven fact that contemporary banks empowered by Finacle banking solution enjoy 30% higher returns on capital employed, 50% higher returns on its assets and experiences and 8.1% lesser cost of income than other peers in the market. We believe the adoption of Finacle banking solution would not only boost ABK's existing 'Simple Banking strategy' but also reinforce Infosys' brand value in the market. Zacks Rank & Stocks to Consider Infosys presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks within the industry include Barracuda Networks, Inc. CUDA , CoStar Group Inc. CSGP and Science Applications International Corporation SAIC . All the three companies currently hold a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COSTAR GRP INC (CSGP): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report SCIENCE APP INT (SAIC): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""UPDATE: CoStar Payment Receival Was Announced Yesterday"", ""Costar Halts RealMassive's Systematic Theft Practices Receiving $1M Payment""]"
CSGP,2016-03-04,18.147,18.594,17.77,18.325,
CSGP,2016-03-07,18.276,18.67,18.144,18.468,
CSGP,2016-03-08,18.326,18.456,17.706,17.765,
CSGP,2016-03-09,17.905,18.066,17.56,17.931,
CSGP,2016-03-10,17.983,18.284,17.567,17.766,"Unisys Extends IT Support Services to Australian Defence Information technology firm Unisys CorporationUIS recently procured an extension of its existing support services contract from the Australian Department of Defence. With this two-year contract extension, worth approximately AUD$74 million (US$54 million), its Australian subsidiary will continue providing IT support services for 100,000 end users at approximately 450 defense locations across the country. The contract was initially awarded to Unisys in 2008. Leveraging its technological expertise, the company has been able to standardize IT support services of the Defence Department. Over the term of the contract, Unisys has offered a flexible workforce model based on man-hour capacity and prioritized services that facilitate optimum utilization of resources. This was achieved through price predictability, workforce control, and transparent reporting. Unisys has a successful track record of working with diverse public sector organizations across the globe. The company supports several federal and state government departments and agencies in Australia, including the Australian Department of Immigration and Border Protection, Australian National Audit Office and the Queensland Department of Education and Training. In order to drive growth, Unisys is focusing its resources and investments in four targeted, high-potential market areas, including security (IT security and physical security); data center transformation and outsourcing services; end-user outsourcing and support services; and application modernization and outsourcing services. Keeping pace with the evolving IT industry, the company's services unit aims to take advantage of the immense growth prospects in this high-margin business. Unisys has also been restructuring its business to improve profitability. This restructuring strategy includes selling non-core businesses and revamping its sales strategy, while investing in a few higher-growth areas such as outsourcing. We expect the company to continue with its cost-control initiatives and put greater effort on sales growth, as it strives to overcome its operational weaknesses. Unisys is focusing more on building specialized industry skills and resources required to win industry-specific project opportunities. Unisys currently has a Zacks Rank #1 (Strong Buy). Other promising stocks in the industry include Barracuda Networks, Inc. CUDA , CoStar Group Inc. CSGP and CSRA Inc. CSRA , each carrying a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UNISYS (UIS): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report CSRA INC (CSRA): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-03-11,17.916,18.371,17.86,18.275,"[""Unisys Extends Biometric Identity Support to CBP, San Diego Information technology firm, Unisys CorporationUIS , recently announced that the U.S. Customs and Border Protection (CBP) is utilizing its biometric identity solution at the Otay Mesa border crossing in San Diego to gather biometric parameters of non-U.S. citizens leaving the country. This new biometric solution will assist CBP to identify visa overstays and persons of interest, as well as improve reporting and analysis of international visitors. The innovative biometric device by Unisys will enhance the national security of the country as well as improve efficiency in the security process. Unisys has had a long history with CBP in providing security solutions to the government organization. Last year, on Jun 18, 2015, Unisys developed a facial recognition system for the Dulles International Airport, VA, to help CBP identify imposters trying to enter the country with fraudulent passports. On Jan 25, 2016 Unisys improved the facial recognition technology used to match travelers' faces to the biometric data on their ePassports. Alongside these collaborations, Unisys recently won a two-year extension of its existing service contract from the Australian Department of Defence, worth approximately AUD$74 million (US$54 million). Over 300 government organizations worldwide use Unisys solutions. Unisys has a successful track record of working with diverse public sector organizations across the globe. The company supports several federal and state government departments and agencies in the U.S and globally, some of which include the U.S. Customs and Border Protection, and Australian Department of Immigration and Border Protection. In order to drive growth, Unisys is focusing its resources and investments in four targeted, high-potential market areas, including security (IT security and physical security); data center transformation and outsourcing services; end-user outsourcing and support services; and application modernization and outsourcing services. In harmony with the evolving IT industry, the company's services unit aims to take advantage of the immense growth prospects in this high-margin business. Unisys has also been restructuring its business to enhance profitability. This restructuring strategy includes selling non-core businesses and revamping its sales strategy, while investing in a few higher-growth areas such as outsourcing. We expect the company to continue with its cost-control initiatives and put greater effort on sales growth, as it strives to overcome its operational disabilities. Unisys is focusing more on building specialized industry skills and resources required to win industry-specific project opportunities. Unisys currently has a Zacks Rank #1 (Strong Buy). Other promising stocks in the industry include Barracuda Networks, Inc. CUDA , CoStar Group Inc. CSGP and CSRA Inc. CSRA , each carrying a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UNISYS (UIS): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report CSRA INC (CSRA): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Implied PXMG Analyst Target Price: $33 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares Russell Midcap Pure Growth Portfolio ETF (Symbol: PXMG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $33.26 per unit. With PXMG trading at a recent price near $27.49 per unit, that means that analysts see 20.97% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PXMG's underlying holdings with notable upside to their analyst target prices are Seattle Genetics Inc (Symbol: SGEN), CoStar Group, Inc. (Symbol: CSGP), and Extended Stay America Inc (Symbol: STAY). Although SGEN has traded at a recent price of $32.48/share, the average analyst target is 35.47% higher at $44.00/share. Similarly, CSGP has 26.53% upside from the recent share price of $177.66 if the average analyst target price of $224.80/share is reached, and analysts on average are expecting STAY to reach a target price of $18.50/share, which is 26.11% above the recent price of $14.67. Below is a twelve month price history chart comparing the stock performance of SGEN, CSGP, and STAY: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2016-03-14,18.295,18.5,17.829,18.249,
CSGP,2016-03-15,18.121,18.161,17.721,17.736,
CSGP,2016-03-16,17.654,18.495,17.435,18.41,
CSGP,2016-03-17,18.355,18.792,18.29,18.583,"Unisys, Banco Strengthen Ties with More Powerful Storage Unisys CorporationUIS recently won a five-year contract from its long-time associate Banco Popular, a leading bank in Colombia, to provide advanced storage solution and other related services required to support the bank's business operations. Per the contract, Unisys is expected to install, organize and provide support services for its EMC2 VMAX 100K storage system, which will be set up at the bank's production site and at a backup location where the data will be available at any emergency situation. The EMC2 VMAX 100K storage array is an entry model of the company's VMAX3 systems. It provides high level performance converging mission-critical block, file, and mainframe storage, which in turn helps to reduce the total cost of ownership. Unisys' association with Banco spans for nearly 20 years. While Banco has been using Unisys' ClearPath Forward Libra systems for its core banking platform, the addition of EMC2 VMAX 100K will help it to improve its IT operations and serve its clients more efficiently. Importantly, the advanced technology will provide better security to customers' data. This project is extremely valuable for Unisys since it will strengthen its relationship with its existing client. This will also boost the goodwill of the company and enhance its foothold in the market. Unisys currently has begun transferring the bank's data from the old system to the new one. On completion of the installation of the EMC2 VMAX 100K storage system, Banco is expected to receive a number of benefits including better availability, higher efficiency, and a broader platform to accommodate new business requirements. Unisys currently has a Zacks Rank #1 (Strong Buy). Other promising stocks in the industry include Barracuda Networks, Inc. CUDA , CoStar Group Inc. CSGP and CSRA Inc. CSRA , each carrying a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UNISYS (UIS): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report CSRA INC (CSRA): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-03-18,18.685,19.115,18.473,18.65,
CSGP,2016-03-21,18.645,19.017,18.473,18.92,
CSGP,2016-03-22,18.816,19.112,18.816,18.976,
CSGP,2016-03-23,18.926,19.13,18.292,18.32,
CSGP,2016-03-24,18.22,18.334,18.06,18.322,
CSGP,2016-03-28,18.32,18.63,18.072,18.396,
CSGP,2016-03-29,18.352,18.753,18.222,18.624,
CSGP,2016-03-30,18.711,18.89,18.555,18.651,
CSGP,2016-03-31,18.631,19.124,18.506,18.817,
CSGP,2016-04-01,18.703,18.703,18.23,18.649,
CSGP,2016-04-04,18.674,18.865,18.36,18.493,
CSGP,2016-04-05,18.32,18.443,17.953,18.131,
CSGP,2016-04-06,18.174,18.897,17.864,18.607,
CSGP,2016-04-07,18.505,18.536,17.955,18.003,
CSGP,2016-04-08,18.15,18.15,17.935,18.008,
CSGP,2016-04-11,18.08,18.337,17.685,17.685,
CSGP,2016-04-12,17.67,17.884,17.449,17.73,"[""Goldman Sachs Bullish On TWOU, INST, CSGP Into Q1 Earnings, Remains Bearish on DNB"", ""Goldman Sachs Bullish On TWOU, INST, CSGP Into Q1 Earnings, Remains Bearish on DNB"", ""Goldman Sachs Bullish On TWOU, INST, CSGP Into Q1 Earnings, Remains Bearish on DNB""]"
CSGP,2016-04-13,17.826,18.18,17.826,18.15,
CSGP,2016-04-14,18.154,18.37,17.754,17.979,
CSGP,2016-04-15,17.946,18.171,17.753,18.134,"Infosys (INFY) Q4 Earnings in Line, Revenues Strong Y/Y Infosys Ltd.INFY reported fourth-quarter fiscal 2016 earnings per American Depositary Share (ADS) of 23 cents, in line with the Zacks Consensus Estimate, rising 7% on a year-over-year basis. The bottom-line performance largely benefited from strong revenue growth. Also, a considerable reduction in cost of sales aided the earnings improvement. However, foreign currency volatility and expected seasonality were major headwinds. For fiscal 2016, Infosys reported earnings per ADS of 90 cents, which reflected year-over-year growth of 1.9%. Quarterly Details Revenues increased 13.3% year over year to $2,446 million, but missed the Zacks Consensus Estimate of $2,451 million by a whisker. Moreover, in terms of constant currency, revenues were up 15%. For fiscal 2016, Infosys reported revenues of $9,501 million, up 9.1% from the prior year figures. Top-line growth was largely driven by lucrative contract wins, higher volume growth and enhanced operational efficiency. Improvement in client relationships, stable attrition rate and better employee engagement also contributed to the overall quarterly performance. Infosys' operating profit climbed 12.6% year over year to $625 million. Management believes that strong focus on operational improvement boosted the company's operating profits in fourth-quarter fiscal 2016. Geographical Performance The company witnessed growth in all four regions where it operates. Fourth-quarter sales in India, Rest of the World and Europe rose about 9.1%, 4% and 2.4% sequentially, respectively. Meanwhile, sales in North America improved marginally (0.5%). Industry-wise Performance Three of the four reporting segments witnessed modest growth. Energy, Utilities, Communications & Services and Retail & Life Sciences emerged as the biggest gainers, wherein revenues rose 4.6% and 2.4% on a sequential basis, respectively. Revenues in the Manufacturing & Hi-Tech division improved 1% sequentially, while Banking & Financial division contracted 0.3% on a sequential basis. Notable Developments Infosys ended the year with an impressive quarter, having signed major deals with the likes of North America's dominant packaged food company ConAgra Foods, Inc., and utilities giant Welsh Water. Apart from this, the company's strategic collaborations with leading technology providers in the industry and complementary acquisition plans added to its growth. The quarter saw Infosys partnering with technology behemoth Microsoft Corp. to aid the digital transformation of health institutions through the deployment of smart analytics solutions. Also, Infosys teamed up with Hershey Company to build predictive analytics capability using open source information platform on Amazon Web Services. Moreover, most of Infosys' businesses including Panaya, Skava & Edge software product have recorded solid growth in the quarter that benefited both the top and the bottom line. In a bid to solidify its market position and focus more on customers, the company came up with three distinguished offerings, namely, Artificial Intelligence, Knowledge-based IT and Design thinking during the second quarter fiscal 2016. During the fourth quarter, these services continued to gain solid traction after being adopted by major clients like Bank Leumi (UK) PLC, Al Ahli Bank in Kuwait and Albaraka, one of Morocco's leading microfinance institutions. Further, Infosys' ""Zero Distance"" program, which aims to foster innovation in every project undertaken by it, witnessed steady progress during the quarter. Infosys' Zero Distance program contributed to employee improvement which, in turn, drove the company's overall performance. Infosys has significantly improved its content, thanks to the Zero Distance program. The company's recent acquisitions, including the information management consulting services firm Noah Consulting, LLC, Delaware-based start-up, WHOOP, and an Israeli-based company CloudEndure, boosted its operations. These investments are a part of Infosys' $500 million innovation fund - an integral part of its New and Renew strategy - intended to capitalize on the growth potential of disruptive technologies. While investment in WHOOP is expected to strengthen its foothold in new-age wearable technologies, the CloudEndure venture is likely to fortify its footprint in the cloud business. Liquidity As of Mar 31, 2016, Infosys had cash & cash equivalents of $4,935 million, reflecting an improvement from $4,859 million recorded as of Mar 31, 2015. Guides High Concurrent with the strong financial performance, Infosys gave robust guidance for the fiscal year ending Mar 31, 2017. Incorporating the impact of currency translation, the company now expects revenues to rise in the range of 11.8% to 13.8% year over year. To Conclude Infosys reported steady results despite formidable market headwinds like a strong U.S. dollar, sluggish macroeconomic growth and intensifying competition. However, Infosys' strong commitment toward constant innovation, business realignment to attain better operational efficiency and major contract wins are likely to support growth for the rest of the fiscal. Apart from this, the rapid traction of AiKiDo offerings and strategic alliances also bode well for future growth. Infosys currently holds a Zacks Rank #2 (Buy). Other stocks in the industry include CoStar Group Inc. CSGP , EarthLink Holdings Corp. ELNK and GTT Communications, Inc. GTT , each holding the same rank as Infosys. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EARTHLINK HLDGS (ELNK): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report GTT COMMUNICATN (GTT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-04-18,18.007,18.42,18.007,18.318,"Commit To Purchase CoStar Group At $170, Earn 11% Annualized Using Options Investors eyeing a purchase of CoStar Group, Inc. (Symbol: CSGP) stock, but tentative about paying the going market price of $183.14/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the October put at the $170 strike, which has a bid at the time of this writing of $9.50. Collecting that bid as the premium represents a 5.6% return against the $170 commitment, or a 11% annualized rate of return (at Stock Options Channel we call this the YieldBoost ). Selling a put does not give an investor access to CSGP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $170 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless CoStar Group, Inc. sees its shares fall 7.2% and the contract is exercised (resulting in a cost basis of $160.50 per share before broker commissions, subtracting the $9.50 from $170), the only upside to the put seller is from collecting that premium for the 11% annualized rate of return. Below is a chart showing the trailing twelve month trading history for CoStar Group, Inc., and highlighting in green where the $170 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the October put at the $170 strike for the 11% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for CoStar Group, Inc. (considering the last 251 trading day closing values as well as today's price of $183.14) to be 30%. For other put options contract ideas at the various different available expirations, visit the CSGP Stock Options page of StockOptionsChannel.com. In mid-afternoon trading on Monday, the put volume among S&P 500 components was 677,041 contracts, with call volume at 677,041, for a put:call ratio of 0.76 so far for the day, which is above normal compared to the long-term median put:call ratio of .65. In other words, if we look at the number of call buyers and then use the long-term median to project the number of put buyers we'd expect to see, we're actually seeing more put buyers than expected out there in options trading so far today. Find out which 15 call and put options traders are talking about today . Top YieldBoost Puts of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-04-19,18.405,18.515,18.248,18.397,
CSGP,2016-04-20,18.347,18.48,18.182,18.343,
CSGP,2016-04-21,18.294,18.478,18.215,18.286,
CSGP,2016-04-22,18.217,18.45,18.113,18.436,
CSGP,2016-04-25,18.428,18.475,18.202,18.328,
CSGP,2016-04-26,18.285,18.509,18.147,18.299,
CSGP,2016-04-27,18.24,18.36,17.544,17.95,"[""CoStar Group Reports Q1 EPS $0.95 vs. Est. $0.69, Rev. $200M vs. Est. $197M"", ""CoStar Group Reports Q1 EPS $0.95 vs. Est. $0.69, Rev. $200M vs. Est. $197M"", ""CoStar Group Reports Q1 EPS $0.95 vs. Est. $0.69, Rev. $200M vs. Est. $197M""]"
CSGP,2016-04-28,19.16,20.075,19.16,19.448,
CSGP,2016-04-29,19.548,19.891,19.107,19.731,
CSGP,2016-05-02,19.839,20.084,19.632,19.9,"CoStar Group, Inc. Boosts Full-Year Revenue and Earnings Outlook Image source: CoStar Group. CoStar Group reported first-quarter results on April 27. The provider of commercial real estate information, analytics, and online marketplaces exceeded its own expectations for revenue and EPS, leading management to raise its guidance for 2016. CoStar Group results: The raw numbers Data source: CoStar Group Q1 2016 earnings press release . What happened with CoStar Group this quarter? Revenue jumped 26% year over year to $200 million, surpassing CoStar's guidance for first-quarter sales of approximately $196 million to $198 million. Helping to drive that growth was a 100% increase in CoStar's multifamily marketplace revenue -- which comprises about 25% of the company's total sales -- as Apartments.com expanded its lead in unique visitors and consumer engagement versus its rivals. Earnings before interest, taxes, depreciation, and amortization (EBITDA) soared 234% to $48 million. Adjusted EBITDA -- which excludes stock-based compensation, restructuring charges, acquisition-related costs, and other special items -- likewise surged 142% to $58 million. ""We had an excellent first quarter with strong revenue growth and margin expansion,"" said CEO Andrew Florance in a press release. ""We continue to deliver strong sales as net bookings in the first quarter of 2016 were $30 million, up 47% compared to first quarter of 2015."" All told, adjusted net income leaped 185% to $31 million. And adjusted earnings per share increased 179% to $0.95, far exceeding CoStar's guidance for non-GAAP EPS of approximately $0.66 to $0.70. Looking forward Those strong results led management to boost CoStar's full-year 2016 outlook. Revenue is now expected to be in the range of $834 million to $840 million, an increase of $2 million at the midpoint from CoStar's prior guidance. And the company's updated projections for non-GAAP net income per share are $4.00 to $4.10 (up from its previous estimates of $3.62 to $3.72), representing an increase of approximately 100% at the mid-point over 2015's results. For the second quarter, Costar expects revenue of approximately $204 million to $206 million and non-GAAP net income per share between $0.80 and $0.84. ""Our strong sales growth and focus on controlling costs were evident in our first quarter 2016 results,"" said CFO Scott Wheeler. ""We expect to continue to grow the top line and deliver solid margin expansion throughout 2016."" A secret billion-dollar stock opportunity The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here . The article CoStar Group, Inc. Boosts Full-Year Revenue and Earnings Outlook originally appeared on Fool.com. Joe Tenebruso has no position in any stocks mentioned. The Motley Fool recommends CoStar Group. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy . Copyright © 1995 - 2016 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-05-03,19.779,19.91,19.49,19.519,
CSGP,2016-05-04,19.363,19.559,19.157,19.481,
CSGP,2016-05-05,19.566,19.623,19.301,19.333,"Amdocs (DOX) Earnings & Revenues Beat Estimates in Q2 Amdocs Ltd.DOX reported second-quarter 2016 results wherein earnings of 86 cents a share easily outpaced the Zacks Consensus Estimate. However, on a GAAP basis, the company reported net income of $107.7 million or 71 cents compared with $116.3 million or 74 cents in the prior-year quarter. Q2 Details Amdocs' total revenue came in at $926 million, up 2.6% year over year and also surpassed the Zacks Consensus Estimate of $925 million. Twelve-month order backlog, at the end of the second quarter of fiscal 2016, was $3.1 billion compared with $3.09 billion in the prior-year quarter. Amdocs posted gross margin of 35.2% in the reported quarter compared with 35.7% in the year-ago quarter. Operating income stood at approximately $120.1 million, down 13% year over year, whereas operating margin was 13% versus 15.3% in the prior-year quarter. Segment-Wise Results Managed Service revenues totaled $501.1 million, up 2.8% year over year. Customer Experience Solution revenues came in at $902.3 million, a 0.9% rise from the year-earlier quarter figure. Meanwhile, Directory revenues grossed $23.6 million, down 12.9% year over year. Geographically, North America generated $586.4 million, down 1.7% year over year. Europe recorded $139.2 million in revenues, up 8% year over year, while the Rest of the World contributed $200.3 million, down 7.2% year over year. Liquidity At the end of first six months of fiscal 2016, Amdocs generated around $316.7 million in cash from operations compared with 343.6 million at the end of same period last fiscal. At the end of the said period, free cash flow stood at $291.7 million compared with $335.5 million at the end of fiscal 2015. Meanwhile, at the end of the second quarter of 2016, Amdocs had approximately $1,150.1 million in cash, cash equivalents and short-term interest-bearing investments compared with $1,354 million at the end of fiscal 2015. Financial Outlook Management projects revenues in the range of $910-$950 million for the third quarter of fiscal 2016. Earnings per share, for the same period on a GAAP basis, are expected between 63 cents and 71 cents while non-GAAP earnings per share are projected in the 84-90 cent range. Dividend Payments Following the earnings announcement, Amdocs declared a cash dividend of 19.5 cents per share to be paid on Jul 15, 2016, to shareholders of record as of Jun 30, 2016. Zacks Rank & Stocks to Consider Amdocs currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the same industry are Barracuda Networks, Inc. CUDA , Science Applications International Corporation SAIC and CoStar Group Inc. CSGP . All the three companies sport a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COSTAR GRP INC (CSGP): Free Stock Analysis Report AMDOCS LTD (DOX): Free Stock Analysis Report SCIENCE APP INT (SAIC): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-05-06,19.258,19.603,19.044,19.583,
CSGP,2016-05-09,19.529,19.885,19.499,19.708,"[""Baron Partners Fund Commentary on CoStar Group"", ""Baron Partners Fund Commentary on CoStar Group"", ""Baron Partners Fund Commentary on CoStar Group""]"
CSGP,2016-05-10,19.808,20.304,19.7,20.277,
CSGP,2016-05-11,20.2,20.339,19.743,19.772,"Earnings Estimates Moving Higher for CoStar Group (CSGP): Time to Buy? CoStar Group Inc.CSGP is a provider of information services to the commercial real estate industry that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well. These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CSGP's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that CoStar Group could be a solid choice for investors. Current Quarter Estimates for CSGP In the past 30 days, 3 estimates have gone higher for CoStar Group while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 56 cents a share 30 days ago, to 64 today, a move of 14.3%. Current Year Estimates for CSGP Meanwhile, CoStar Group's current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $2.93 per share 30 days ago to $3.36 per share today, an increase of 14.7%. Bottom Line The stock has also started to move higher lately, adding 11.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COSTAR GRP INC (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-05-12,19.918,20.171,19.823,20.041,
CSGP,2016-05-13,19.899,20.07,19.386,19.761,
CSGP,2016-05-16,19.789,19.993,19.544,19.769,
CSGP,2016-05-17,19.758,19.809,19.518,19.533,"[""Baron Funds Comments on CoStar Group"", ""Baron Funds Comments on CoStar Group"", ""Baron Funds Comments on CoStar Group""]"
CSGP,2016-05-18,19.495,19.775,19.241,19.722,"Baron Funds Comments on CoStar Group Shares of CoStar Group, Inc. ( NASDAQ:CSGP ) , a real estate data and marketing services company, fell in the first quarter as high-growth, high-multiple technology stocks sold off. The company reported financial results that were ahead of Street expectations, particularly on margin expansion. Bookings growth was strong. We believe that CoStar has potential to generate accelerating organic revenue growth and significant margin expansion as it leverages the multifamily marketing investments it has made over the last -8 months. (Neal Rosenberg) From the Baron Focused Growth Fund first quarter -…-6 commentary . Read More: First quarter -…-6 commentary Warning! GuruFocus has detected 4 Warning Sign with AAPL. Click here to check it out. AAPL 15-Year Financial Data The intrinsic value of AAPL Peter Lynch Chart of AAPL Warning! GuruFocus has detected 4 Warning Sign with AAPL. Click here to check it out. MON 15-Year Financial Data The intrinsic value of MON Peter Lynch Chart of MON Warning! GuruFocus has detected 4 Warning Sign with AAPL. Click here to check it out. FB 15-Year Financial Data The intrinsic value of FB Peter Lynch Chart of FB Warning! GuruFocus has detected 1 Warning Sign with INOV. Click here to check it out. INOV 15-Year Financial Data The intrinsic value of INOV Peter Lynch Chart of INOV Warning! GuruFocus has detected 3 Warning Signs with CSGP. Click here to check it out. CSGP 15-Year Financial Data The intrinsic value of CSGP Peter Lynch Chart of CSGP Note of portfolio 5597' About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members . This article first appeared on GuruFocus . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-05-19,19.647,19.99,19.51,19.598,"Infosys (INFY) Arm to Transform Canada's Transport Structure Infosys Limited'sINFY North America-based subsidiary Infosys Public Services Inc. (""IPS"") and Canada's Ministry of Transportation Ontario (MTO) pioneered the implementation of a state-of-the-art carrier registration, licensing and performance monitoring system for supporting more than 9 million people in Ontario. Powered by Oracle software products, the latest Registration and Licensing System of Ontario (RLSO) has been designed as an enterprise services-based platform to replace MTO's 40-year-old legacy licensing and registration system. IPS resorted to a three-ponged strategy to materialize this transformation through improved business performance, technology and business modernization. More than 80% of the total business functionality including services like motor vehicle inspection stations, carrier registration and carrier performance monitoring are being handled by the new system. Going forward, RSLO plans to extend its services to areas like audit program, stock management and online services for carrier clients. Precisely, this whole initiative is part of MTO's Road User Modernization Program that aims at creating a client-friendly solution which can eliminate cumbersome paper-based processes in favor of an automated ""one client / one record"" integrated driver, vehicle, and carrier system. With IPS' aid, Ontario, which is also the most populous province housing 37% residents, became the first jurisdiction in North America to adopt a comprehensive carrier registration and performance monitoring solution that will fundamentally alter its public infrastructure. Infosys is upbeat about the initiatives which are being implemented by the Motor Vehicle Departments and Ministries of Transportation are will likely unlock new business opportunities for the company. As a matter of fact, Infosys has been successfully boosting its financials through the winning of multiple clients and signing of major deals. During the fourth quarter of fiscal 2016, the company added 47 new clients and signed six large deals worth $757 million. Apart from the implementation of the carrier registration, licensing and performance monitoring system, the company's American business is witnessing bright prospects with two major deals signed in financial services in the Americas. Infosys currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Barracuda Networks, Inc. CUDA , CoStar Group Inc. CSGP and EarthLink Holdings Corp. ELNK . All three stocks sport a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EARTHLINK HLDGS (ELNK): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report BARRACUDA NTWRK (CUDA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-05-20,19.656,20.0,19.656,19.764,
CSGP,2016-05-23,19.738,19.929,19.6,19.872,"Mariko Gordon Sells Stake in Digital Imaging Company Mariko Gordon ( Trades , Portfolio ) of Daruma Capital Management made her reputation by building her firm from the ground up to more than $- billion, but her most noteworthy first-quarter transaction involved the sale of a stake in her portfolio. Gordon sold her -,-5-,-49-share stake in Electronics for Imaging Inc. ( EFII ), a digital imaging company based in Fremont, California, for an average price of $4….8- per share. The divestiture had an impact of -'.--% of Gordon's portfolio. Ron Baron ( Trades , Portfolio ) is Electronics for Imaging's leading shareholder among the gurus with a stake of -,-5…,……… shares. The stake is -.65% of Electronics for Imaging's outstanding shares and ….-8% of Baron's total assets. Electronics for Imaging has a P/E of 67, a forward P/E of -4.7, a P/B of -.4 and a P/S of -.-. GuruFocus gives Electronics for Imaging a Financial Strength rating of 7/-… and a Profitability and Growth rating of 6/-…. Electronics for Imaging sold for $4-.-' per share Friday. The DCF Calculator gives Electronics for Imaging a fair value of $6.64. Gordon invested in a -,…'9,5…--share stake in EverBank Financial Corp. ( EVER ), a banking and financial services company based in Jacksonville, Florida, for an average price of $-'.9- per share. The transaction had a ….98% impact on Gordon's portfolio. The stake is ….8'% of EverBank's outstanding shares and ….98% of Gordon's total assets. EverBank's leading shareholder among the gurus is Jim Simons ( Trades , Portfolio ) with a stake of -,'85,-…… shares. The stake is -.--% of EverBank's outstanding shares and ….…4% of Simons' total assets. EverBank has a P/E of -'.8, a forward P/E of 9.8, a P/B of -.- and a P/S of -. GuruFocus gives EverBank a Financial Strength rating of 6/-… and a Profitability and Growth rating of 6/-…. EverBank sold for $-4.6' per share Friday. The DCF Calculator gives EverBank a fair value of $--.'4. Gordon trimmed her stake in Briggs & Stratton Corp. ( BGG ), a Wauwatosa, Wisconsin-based developer and manufacturer of internal combustion gas engines, by -5%, selling 75…,846 shares for an average price of $-….49 per share. The deal had a -….78% impact on Gordon's portfolio. The remaining stake of -,-5',…84 shares is 5.-% of Briggs & Stratton's outstanding shares and '.'7% of Gordon's total assets. Briggs & Stratton's leading shareholder among the gurus is Charles Brandes ( Trades , Portfolio ) with a stake of -,8…7,569 shares. The stake is 6.48% of Briggs & Stratton's outstanding shares and ….96% of Brandes' total assets. Briggs & Stratton has a P/E of --.6, a forward P/E of --.8, a P/B of -.7 and a P/S of ….5. GuruFocus gives Briggs & Stratton a Financial Strength rating of 7/-… and a Profitability and Growth rating of 6/-…. Briggs & Stratton sold for $--.-7 per share Friday. The DCF Calculator gives Briggs & Stratton a fair value of $-….…6. Gordon sold more than -4% of her stake in Babcock & Wilcox Enterprises Inc. ( BW ), a About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members . This article first appeared on GuruFocus . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-05-24,20.054,20.263,19.902,20.136,"Infosys to Transform IT Infrastructure of Commerzbank Premium business consulting and information technology provider Infosys LimitedINFY recently won a five-year contract from Germany's Commerzbank. Under this, Infosys will enhance the bank's services based on its Design Thinking and AiKiDo framework. The financial terms of the contract have been kept under wraps. As per the agreement, Infosys will be in charge of restructuring critical IT processes of the bank, including investment banking architecture and evaluation of Post-Trade Processing Utility. Following this, Commerzbank will be able to combine diverse trade processing platforms of different product types, simplifying its operations to a great extent. Also, Infosys will help the bank set up a Center of Competence to better serve Commerzbank's Corporates and Markets segments. In addition, Infosys create an exclusive online and physical academy for the bank's employees to foster a continuous learning environment and consolidate existing IT applications for enhanced performance. It is believed that the ""middle and back office"" utilities will form the cornerstone of further digitization of the financial services industry. Meanwhile, Commerzbank believes that the adoption of Infosys' services will help it fend off cut-throat competition in the industry through the exploration of new business models. Innovation is the key to Infosys' success apart from initiatives like the empowerment of employees through the Zero Distance Program and improvement of next-generation services with offerings like AiKiDo. The company's AiKiDo offerings, the acronym for Artificial Intelligence, Knowledge-based IT and Design thinking, which were introduced during the second quarter of fiscal 2016, are rapidly gaining traction and look set to boost profits in the quarters ahead. During the fourth quarter, these services gained solid traction after major clients like Bank Leumi (UK) PLC, Al Ahli Bank in Kuwait and Albaraka, one of Morocco's leading microfinance institutions, adopted it. We believe that the intense competition prevailing in the banking industry are compelling more financial institutions to streamline their IT infrastructure, which in turn is propelling demand for Infosys. Infosys currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include CoStar Group Inc. CSGP , EarthLink Holdings Corp. ELNK and RELX NV RENX . While CoStar Group and EarthLink Holdings sport a Zacks Rank #1 (Strong Buy), RELX NV holds a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EARTHLINK HLDGS (ELNK): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report RELX NV (RENX): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-05-25,20.153,20.332,19.983,20.252,"Moving Average Crossover Alert: CoStar Group (CSGP) CoStar Group Inc.CSGP is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for CSGP broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend. This has already started to take place, as the stock has moved higher by 10% in the past four weeks. Plus, the company currently has a Zacks Rank #1 (Strong Buy) suggesting that now could definitely be the time for this breakout candidate. More bullishness may especially be the case, when investors consider what has been happening for CSGP on the earnings estimate revision front lately. No estimate has gone lower in the past two months, compared to 3 higher, while the consensus estimate has also moved higher too. So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COSTAR GRP INC (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-05-26,20.2,20.425,20.002,20.4,
CSGP,2016-05-27,20.342,20.775,20.178,20.65,"CoStar and DoE Collaborate to Conserve Energy in the US CoStar Group Inc.CSGP , a leading provider of IT Services, recently announced that it has collaborated with the U.S. Department of Energy (DOE) to help conserve energy usage in commercial and industrial buildings. This initiative on part of the company will help firms to foster environment-friendly business practices. CoStar intends to display building energy information in its Property database. Energy conservation has become a prime focus for state and local governments across the world. The government agencies are currently implementing policies per which companies are liable to disclose their energy usage information. Once this information is received by the government agencies, it will be uploaded in CoStar's database. The first two cities that will have this data service are Washington, DC and Chicago. For over 30 years CoStar has provided its technical expertise to professionals involved in every aspect of multifamily and commercial real estate. The company had earlier collaborated with the Environmental Protection Agency to exhibit ENERGY STAR ratings, and worked with the U.S. Green Building Council to display Leadership in Energy and Environmental Design (LEED) certified buildings in its database. Currently the company has over 15,000 ENERGY STAR-labeled and LEED-certified properties in its database. The updated information is expected to make brokers, owners, investors and lenders aware of energy usage in various properties across the country. This database will help customers reduce energy wastage and in turn lower their electricity bill. Awareness about energy efficiency has become important as buildings generally account for 80% of carbon emissions within cities. Residents and businesses also incur hundreds of millions of dollars in total energy costs. Increased transparency will help reduce pollution and improve the country's environmental health. City governments in Atlanta, Boston, Boulder, Chicago, Kansas City, New York, Philadelphia, Portland, Seattle, and the District of Columbia are currently actively working on gathering such information to improve energy usage. Headquartered in Washington, DC, CoStar has its offices across the U.S., Europe and Canada. The company has approximately 2,600 employees worldwide. CoStar is the industry's largest professional research organization. CoStar carries a Zacks Rank #1 (Strong Buy). Some other stocks worth a glance include EarthLink Holdings Corp. ELNK , RELX NV RENX and Science Applications International Corporation SAIC . All three stocks carry a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EARTHLINK HLDGS (ELNK): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report SCIENCE APP INT (SAIC): Free Stock Analysis Report RELX NV (RENX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-05-31,20.627,20.761,20.483,20.659,
CSGP,2016-06-01,20.649,20.994,20.55,20.916,
CSGP,2016-06-02,20.78,20.975,20.633,20.93,
CSGP,2016-06-03,20.794,20.859,20.582,20.767,"[""Best And Worst Q2'16: Midcap Growth ETFs, Mutual Funds And Key Holdings"", ""Best And Worst Q2'16: Midcap Growth ETFs, Mutual Funds And Key Holdings"", ""The Zacks Analyst Blog Highlights: Health Insurance Innovations, AMN Healthcare Services, Neogenomics, Amerisafe and CoStar Group For Immediate Release Chicago, IL - June 03, 2016 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Health Insurance Innovations, Inc. ( HIIQ ), AMN Healthcare Services Inc. ( AHS ), Neogenomics Inc. ( NEO ), Amerisafe, Inc. ( AMSF ) and CoStar Group Inc. ( CSGP ). Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free . Here are highlights from Thursday's Analyst Blog: These Stocks with Recent Price Strength Could Give a Boost In the stock market, finding a win-win strategy is easier said than done. In the current highly volatile market, it is difficult for even an ardent investor to come up with a foolproof approach. One could take resort to the commonly used techniques to find beaten down stocks that have the potential to recover faster than others. But this bears the risk of disappointment asone could fall into the value trap if the selected stock's hidden weakness is not identified. In the stock game, winning means reaching a higher price. So, how about looking for the current winners that have the potential to gain further? Sounds a good idea? Here is how to execute it: One should primarily look for stocks that have recently witnessed a price increase. Actually, stocks that have recently seen price strength have high chances of carrying the momentum forward. If a stock is continuously moving higher, there must be a good reason for the rise or else it probably would have fallen like the losers.So, looking at those that have already won the game and are capable of beating the benchmark that they have set for themselves sounds rational. Nevertheless, recent price strength alone cannot do the trick. Club together other relevant parameters in your game plan to get the optimum return on your investment. Here's how you should create the screen to shortlist the current as well as the potential winners. Screening Parameters: Percentage Change in Price (4 Weeks)greater thanzero: This criterion shows that the stock has moved higher in the last four weeks. Percentage Change Price (12 Weeks)greater than10: This indicates that the stock has seen momentum over the last three months. This lowers the risk of choosing stocks that may have drawn attention due to the overwhelming performance of the overall market in a very short period. Zacks Rank 1: No matter whether the market conditions are good or bad, stocks with a Zacks Rank #1 (Strong Buy) have a proven history of outperformance. Average Broker Rating 1: This indicates that brokers are also highly hopeful about the stock's future performance. Current Pricegreater than5: The stocks must all be trading at a minimum of $5 or higher. Current Price/ 52-Week High-Low Range more than 85%: This criterion filters stocks that are trading near their respective 52-week highs. It indicates that these are strong enough in terms of price. Here are seven of the 13 stocks that made it throughthisscreen : Health Insurance Innovations, Inc. ( HIIQ ) AMN Healthcare Services Inc. ( AHS ) Neogenomics Inc. ( NEO ) Amerisafe, Inc. ( AMSF ) CoStar Group Inc. ( CSGP ) Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free . About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term. Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons. Zacks \""Profit from the Pros\"" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today . About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros . Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@zacks.com https://www.zacks.com Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HEALTH INS INN (HIIQ): Free Stock Analysis Report AMN HLTHCR SVCS (AHS): Free Stock Analysis Report NEOGENOMICS INC (NEO): Free Stock Analysis Report AMERISAFE INC (AMSF): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Best And Worst Q2'16: Midcap Growth ETFs, Mutual Funds And Key Holdings""]"
CSGP,2016-06-06,20.702,20.967,20.668,20.951,
CSGP,2016-06-07,20.99,21.271,20.95,21.15,
CSGP,2016-06-08,21.181,21.328,20.946,21.266,
CSGP,2016-06-09,21.119,21.502,21.028,21.457,"[""Unisys Awarded Real-Time Data Contract Extension by NWS Information technology firm, Unisys CorporationUIS , recently announced that the National Weather Service (NWS) has extended its agreement to deliver real-time radar data to improve weather forecasting capabilities. Per this contract, Unisys will continue to provide its earlier service offerings to NWS. Unisys' service offerings include the compiling of multiple sources of radar information into one, user-friendly interface that will allow meteorologists detect severe weather conditions more accurately. The extended contract will last through Sep 2018. Unisys has over 20 years of experience in providing support to the critical functions of the NWS, which is a division of the National Oceanic and Atmospheric Administration. Over time, Unisys' technology has facilitated the agency in increasing its potential to the point where it can predict severe weather incidents much in advance. The current contract will be conducted by the National Centers for Environmental Protection (NCEP), a part of the NWS. Under the contract, Unisys will provide high-resolution mosaic radar data products to NCEP and its service centers, which include the Storm Prediction Center, National Hurricane Center, Aviation Weather Center and Weather Prediction Center. This easy-to-use, graphical data will ensure complete forecasts and monitoring capabilities, all in real-time to NCEP meteorologists. This prestigious contract extension speaks of Unisys' performance and reliability in the market. The contract will boost the company's goodwill as well as improve its bottom line going forward. Based in Blue Bell, PA, Unisys specializes in securing client operations, increasing efficiency of data centers, enhancing support to their end users and constituents and modernizing their enterprise applications. The company has over 20,000 employees serving clients around the world. Unisys currently has a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the industry include EarthLink Holdings Corp. ELNK , CoStar Group Inc. CSGP and Science Applications International Corporation SAIC . EarthLink Holdings and CoStar Group sport a Zacks Rank #1 (Strong Buy) each, while Science Applications International Corporation carries a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EARTHLINK HLDGS (ELNK): Free Stock Analysis Report UNISYS (UIS): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report SCIENCE APP INT (SAIC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Infosys (INFY) Finacle to Run Paytm's Payment Bank Venture Infosys Limited'sINFY wholly owned subsidiary EdgeVerve Systems' prominent banking solution Infosys Finacle has been recently chosen by the largest mobile payments & commerce platform Paytm to support its new payments bank business. Paytm Deploys Finacle Leveraging on the competence of Finacle Core Banking, Paytm plans to launch innovative offerings by boosting its deposit products and payments platform. Infosys asserts that the use of Finacle will allow Paytm to integrate its payments bank services, create comprehensive CaSa (Current Account and Savings) based products and simplify operations. Adoption of banking services necessitates Paytm to comply with multiple industry standards and Finacle is well equipped to handle all such needs. With the help of Finacle, Paytm can enjoy many third-party applications like Anti-Money Laundering and even scale and manage expanding operations. Paytm has chosen Infosys' Finacle over other competitive solutions as it believes it is the perfect choice to create a competent platform for small value and high volume transactions. In a nutshell, Infosys is aiding in the digital transformation of Paytm to venture beyond its wallet business to a full grown payment bank that is currently revolutionizing the Indian banking sector. Payment Bank Revolution to Benefit Infosys Payment Banks and Small Banks are Reserve Bank of India's (\""RBI\"") idea of financial inclusion. These cater to the credit requirements and remittance needs of the country's small businesses, unorganized sectors, low-income households, farmers and migrant work force. Infosys foresees thriving prospects in this space and has introduced Finacle Payments Bank and Finacle Small Finance Bank solutions in Sep 2015 to cash in on the bountiful opportunities. With leading organizations like Reliance Industries and Airtel M Commerce in India vying for licenses from the RBI to set up payment banks, Infosys Finacle will likely witness great demand for use in the process of digital transformation of these companies. During the fourth quarter of fiscal 2016, the EdgeVerve unit had 18 wins and 24 \""go-lives\"" for both the Finacle and Edge suites that will likely boost profits. These contract wins are expected to drive the top line in the upcoming quarters. According to a Business Standard article, Infosys expects EdgeVerve, its wholly owned subsidiary, which is also the parent company of Finacle, to contribute at least 10% to its overall revenue growth over the next 3-5 years. With 70% of the top 40 banks in India using the platform, Fincale is not only EdgeVerve's most successful offering but is also a primary growth driver for the company. Infosys currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include CoStar Group Inc. CSGP , EarthLink Holdings Corp. ELNK and RELX NV RENX . While CoStar Group and EarthLink Holdings sport a Zacks Rank #1 (Strong Buy), RELX NV holds a Zacks Rank #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EARTHLINK HLDGS (ELNK): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report INFOSYS LTD (INFY): Free Stock Analysis Report RELX NV (RENX): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2016-06-10,21.252,21.436,20.892,20.913,
CSGP,2016-06-13,20.776,21.028,20.743,20.891,
CSGP,2016-06-14,20.91,21.072,20.696,21.07,
CSGP,2016-06-15,21.141,21.174,20.894,20.956,
CSGP,2016-06-16,20.88,21.182,20.641,21.023,
CSGP,2016-06-17,21.025,21.049,20.605,20.658,
CSGP,2016-06-20,20.894,21.191,20.893,21.009,
CSGP,2016-06-21,21.038,21.2,20.863,20.984,
CSGP,2016-06-22,20.981,21.198,20.88,20.972,
CSGP,2016-06-23,21.158,21.786,20.997,21.744,
CSGP,2016-06-24,20.732,21.341,20.594,21.28,
CSGP,2016-06-27,20.933,21.413,20.058,20.238,
CSGP,2016-06-28,20.482,20.735,20.266,20.498,"Rightside Group (NAME) in Focus: Stock Moves 5.6% Higher Rightside Group, Ltd.NAME was a big mover last session, as its shares rose over 5% on the day. The move came on the back of the company's confirmation of the receipt of an unsolicited, non-binding proposal from Donuts Inc. to acquire Rightside's entire registry of generic top-level domains and related assets for $70 million in an all-cash deal. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.96 to $9.39 in the past one-month time frame. None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future. Rightside Group currently has a Zacks Rank #3 (Hold) while the Earnings ESP is 0.00%. RIGHTSIDE GROUP Price RIGHTSIDE GROUP Price | RIGHTSIDE GROUP Quote A better-ranked stock in the IT services industry is CoStar Group Inc. CSGP which holds a Zacks Rank #2 (Buy). Is NAME going up? Or down? Predict to see what others think: Up or Down Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COSTAR GRP INC (CSGP): Free Stock Analysis Report RIGHTSIDE GROUP (NAME): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-06-29,20.735,21.29,20.732,21.224,
CSGP,2016-06-30,21.325,21.878,20.532,21.866,
CSGP,2016-07-01,21.933,22.038,21.737,21.847,
CSGP,2016-07-05,21.658,21.686,21.38,21.604,
CSGP,2016-07-06,21.553,21.791,21.48,21.583,
CSGP,2016-07-07,21.679,21.947,21.582,21.699,
CSGP,2016-07-08,21.871,22.449,21.83,22.154,
CSGP,2016-07-11,22.359,22.479,22.156,22.181,
CSGP,2016-07-12,22.379,22.404,22.176,22.211,
CSGP,2016-07-13,22.211,22.213,21.945,22.108,
CSGP,2016-07-14,22.285,22.285,22.017,22.042,
CSGP,2016-07-15,22.03,22.05,21.793,21.865,
CSGP,2016-07-18,21.864,21.995,21.862,21.977,
CSGP,2016-07-19,21.908,22.02,21.853,21.951,
CSGP,2016-07-20,22.014,22.19,21.967,21.993,
CSGP,2016-07-21,21.915,22.152,21.765,21.807,
CSGP,2016-07-22,21.782,22.228,21.734,22.219,
CSGP,2016-07-25,22.125,22.251,22.057,22.107,
CSGP,2016-07-26,22.112,22.428,22.08,22.41,"[""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close"", ""Top Stocks with Big Potential Catch-Up Moves Given the recent run-up in the market last week, here's a screen I've been using recently for my own stock picking. First, it focuses on the top Zacks Ranked Sectors and Industries. Then it focuses on the Zacks Rank #1s, #2s and #3s, which are Strong Buys, Buys and Holds, respectively. But then it selects the outperforming stocks with the smallest percentage price change over the last 4 weeks. Why would I do something like that? Here's why. You've probably heard the old adage that roughly half of a stock's price movement can be attributed to the group that it's in. And that's true. In fact, oftentimes, even a mediocre stock in a top group will outperform a top stock in a poor group for this very reason. Now, take a look at any top group. You'll see plenty of fantastic stocks with some impressive price gains in there. But not every stock in every group moves in lockstep at the exact same time. Some will move more than others at any given time. So by focusing on the stocks with the smallest percentage price change with fundamentals that are just as good as those making the biggest price change, you might find yourself getting into the stocks ready to make the biggest potential catch-up move. Here's how to set up that screen: \u2022 Best Zacks Ranked Sectors -- Best 8 We're screening for only those stocks with the best (lowest) average Zacks Rank. With 16 sectors, the best 8 sectors give us the best 50% of sectors. \u2022 Best Zacks Ranked Industries -- Best 132 Next step is to get only the best Zacks Ranked Industries coming thru. Since there are 264 'X' or expanded industries we look at, the best 132 will give us the best 50% of industries. But note that only the industries that also happen to be in the top sectors will get thru. If an industry is ranked as one of the best but it's outside of the top sector rank, it will not get thru. \u2022 Zacks Rank less than or equal to 3 Now the screen gets narrowed down even more by looking at only the Zacks Rank #1s, #2s and #3s. No Sells or Strong Sells (Zacks Rank #4s and #5s) allowed. \u2022 Price and Avg. Volume greater than or equal to $5 and 100,000 shares Only stocks over $5 with at least an average of 100,0000 shares traded daily will be considered. \u2022 Relative % Price Change -- 4 Weeks greater than 0 This means we're screening for only those stocks that have outperformed the market (S&P 500) over the last 4 weeks. \u2022 % Change in Price -- 4 Weeks: Bottom 50 Then finally we're scanning for the bottom 50 stocks with the lowest percentage price change over the last 4 weeks. So while all of these stocks have outperformed the market, they increased in price less than their peers. So each one of these stocks is in a top Sector and top Industry within that Sector. This alone will tip the odds of success in your favor by a great deal when you consider that the best Zacks Ranked groups outperform the worst ones by a factor of 2 to 1. Then by selecting those stocks with the best Zacks Rank along with the best price performance over the last 4 weeks, you now have only a list of winners from which to choose from. And from that list of winners, we're selecting the ones that have gained less than their peers on that list. Remember, these stocks aren't 'dogs' or unresponsive stocks. Quite the contrary; they have all outperformed the market. It just so happens that they increased less than the others on the list. But because they are a top rated stock in a top rated industry, we've singled these out as the ones that could make the biggest move to 'catch-up' to the others. It's an interesting screen that has generated a lot of great names. Here are 5 from that list: CSGP CoStar Group CW Curtiss-Wright HLS Healthsouth INGN Inogen PKI PerkinElmer All great looking stocks that seem to have lots more upside in store for them. Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software. Click here to sign up for a free trial to the Research Wizard today. Want more articles from this author? Scroll up to the top of this article and click the FOLLOW AUTHOR button to get an email each time a new article is published. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PERKINELMER INC (PKI): Free Stock Analysis Report INOGEN INC (INGN): Free Stock Analysis Report HEALTHSOUTH CP (HLS): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report COSTAR GRP INC (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Notable earnings after Wednesday's close""]"
CSGP,2016-07-27,22.384,22.41,22.089,22.271,"[""Short CoStar Group: Sohn Investment Idea Contest Entry"", ""CoStar Group beats by $0.08, beats on revenue"", ""CoStar Group Reports Q2 EPS $0.91 vs. Est. $0.83, Rev. $207M vs. Est. $205M"", ""CoStar Group Reports Q2 EPS $0.91 vs. Est. $0.83, Rev. $207M vs. Est. $205M"", ""CoStar Group beats by $0.08, beats on revenue"", ""Short CoStar Group: Sohn Investment Idea Contest Entry"", ""Zacks.com featured highlights: CoStar Group, Curtiss-Wright, Healthsouth, Inogen and PerkinElmer For Immediate Release Chicago, IL - July 27, 2016 - Stocks in this week's article include: CoStar Group ( CSGP ), Curtiss-Wright ( CW ), Healthsouth ( HLS ), Inogen ( INGN ) and PerkinElmer ( PKI ). Screen of the Week of Zacks Investment Research: Top Stocks with Big Potential Catch-up Moves Given the recent run-up in the market last week, here's a screen I've been using recently for my own stock picking. First, it focuses on the top Zacks Ranked Sectors and Industries. Then it focuses on the Zacks Rank #1s, #2s and #3s, which are Strong Buys, Buys and Holds, respectively. But then it selects the outperforming stocks with the smallest percentage price change over the last 4 weeks. Why would I do something like that? Here's why. You've probably heard the old adage that roughly half of a stock's price movement can be attributed to the group that it's in. And that's true. In fact, oftentimes, even a mediocre stock in a top group will outperform a top stock in a poor group for this very reason. Now, take a look at any top group. You'll see plenty of fantastic stocks with some impressive price gains in there. But not every stock in every group moves in lockstep at the exact same time. Some will move more than others at any given time. So by focusing on the stocks with the smallest percentage price change with fundamentals that are just as good as those making the biggest price change, you might find yourself getting into the stocks ready to make the biggest potential catch-up move. Here's how to set up that screen: \u2022 Best Zacks Ranked Sectors -- Best 8 We're screening for only those stocks with the best (lowest) average Zacks Rank. With 16 sectors, the best 8 sectors give us the best 50% of sectors. \u2022 Best Zacks Ranked Industries -- Best 132 Next step is to get only the best Zacks Ranked Industries coming thru. Since there are 264 'X' or expanded industries we look at, the best 132 will give us the best 50% of industries. But note that only the industries that also happen to be in the top sectors will get thru. If an industry is ranked as one of the best but it's outside of the top sector rank, it will not get thru. \u2022 Zacks Rank less than or equal to 3 Now the screen gets narrowed down even more by looking at only the Zacks Rank #1s, #2s and #3s. No Sells or Strong Sells (Zacks Rank #4s and #5s) allowed. \u2022 Price and Avg. Volume greater than or equal to $5 and 100,000 shares Only stocks over $5 with at least an average of 100,0000 shares traded daily will be considered. \u2022 Relative % Price Change -- 4 Weeks greater than 0 This means we're screening for only those stocks that have outperformed the market (S&P 500) over the last 4 weeks. \u2022 % Change in Price -- 4 Weeks: Bottom 50 Then finally we're scanning for the bottom 50 stocks with the lowest percentage price change over the last 4 weeks. So while all of these stocks have outperformed the market, they increased in price less than their peers. So each one of these stocks is in a top Sector and top Industry within that Sector. This alone will tip the odds of success in your favor by a great deal when you consider that the best Zacks Ranked groups outperform the worst ones by a factor of 2 to 1. Then by selecting those stocks with the best Zacks Rank along with the best price performance over the last 4 weeks, you now have only a list of winners from which to choose from. And from that list of winners, we're selecting the ones that have gained less than their peers on that list. Remember, these stocks aren't 'dogs' or unresponsive stocks. Quite the contrary; they have all outperformed the market. It just so happens that they increased less than the others on the list. But because they are a top rated stock in a top rated industry, we've singled these out as the ones that could make the biggest move to 'catch-up' to the others. It's an interesting screen that has generated a lot of great names. Here are 5 from that list: ( CSGP ) CoStar Group ( CW ) Curtiss-Wright ( HLS ) Healthsouth ( INGN ) Inogen ( PKI ) PerkinElmer All great looking stocks that seem to have lots more upside in store for them. Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free \u00bb Sign up now for your free trial today and start picking better stocks immediately. And with the backtesting feature, you can test your ideas to see how you can improve your trading in both up markets and down markets. Don't wait for the market to get better before you decide to do better. Start learning how to be a better trader today: https://at.zacks.com/?id=111 Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the \""#1 site for screening stocks\"" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Each week, Zacks Profit from the Pros free email newsletter shares a new screening strategy. Learn more about it here https://at.zacks.com/?id=112 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros . Follow us on Twitter: https://twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Zacks.com Phone: 312-265-9268 Email: pr@zacks.com Visit: https://www.zacks.com/performance Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks \""Terms and Conditions of Service\"" disclaimer. www.zacks.com/disclaimer . Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report COSTAR GRP INC (CSGP): Free Stock Analysis Report CURTISS WRIGHT (CW): Free Stock Analysis Report HEALTHSOUTH CP (HLS): Free Stock Analysis Report INOGEN INC (INGN): Free Stock Analysis Report PERKINELMER INC (PKI): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Reports Q2 EPS $0.91 vs. Est. $0.83, Rev. $207M vs. Est. $205M"", ""CoStar Group beats by $0.08, beats on revenue"", ""Short CoStar Group: Sohn Investment Idea Contest Entry""]"
CSGP,2016-07-28,21.1,21.8,20.504,20.72,"[""CoStar Group (CSGP) Andrew C. Florance on Q2 2016 Results - Earnings Call Transcript"", ""CoStar Group (CSGP) Andrew C. Florance on Q2 2016 Results - Earnings Call Transcript"", ""CoStar Group (CSGP) Andrew C. Florance on Q2 2016 Results - Earnings Call Transcript""]"
CSGP,2016-07-29,20.7,20.893,20.449,20.79,
CSGP,2016-08-01,20.807,20.835,20.456,20.54,
CSGP,2016-08-02,20.561,20.64,20.25,20.494,
CSGP,2016-08-03,20.431,20.73,20.35,20.595,"How The Parts Add Up: FXR Targets $31 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Industrials/Producer Durables AlphaDEX Fund ETF (Symbol: FXR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $31.29 per unit. With FXR trading at a recent price near $28.40 per unit, that means that analysts see 10.18% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FXR's underlying holdings with notable upside to their analyst target prices are ITT Inc (Symbol: ITT), CoStar Group, Inc. (Symbol: CSGP), and KBR Inc (Symbol: KBR). Although ITT has traded at a recent price of $31.29/share, the average analyst target is 25.00% higher at $39.11/share. Similarly, CSGP has 17.18% upside from the recent share price of $204.82 if the average analyst target price of $240.00/share is reached, and analysts on average are expecting KBR to reach a target price of $17.93/share, which is 16.34% above the recent price of $15.41. Below is a twelve month price history chart comparing the stock performance of ITT, CSGP, and KBR: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-08-04,20.558,20.805,20.466,20.533,
CSGP,2016-08-05,20.585,20.695,20.468,20.568,
CSGP,2016-08-08,20.614,20.726,20.506,20.706,"[""Baron Funds Comments on CoStar Group Inc."", ""Baron Funds Comments on CoStar Group Inc."", ""Baron Funds Comments on CoStar Group Inc.""]"
CSGP,2016-08-09,20.7,20.805,20.694,20.747,"Apartments.com Dominance Fuels CoStar Group, Inc. Earnings Image source: Apartments.com. CoStar Group (NASDAQ: CSGP) reported second-quarter results on July 27. The provider of commercial real estate information, analytics, and online marketplaces enjoyed strong increases in sales and profits driven by share gains in its key Apartments.com brand. CoStar Group results: The raw numbers Source: CoStar Group Q2 2016 earnings press release . What happened with CoStar Group this quarter? Revenue jumped 21% year over year to $207 million, surpassing CoStar's guidance for second-quarter sales of approximately $204 million to $206 million. ""In the second quarter of 2016, we achieved the second highest sales quarter in our history in both CoStar Suite and Multifamily,"" said CEO Andrew Florance in a press release. ""For the fifth consecutive quarter, we generated over $25 million in net bookings with $26 million in net bookings in the second quarter of 2016. Helping to drive CoStar's growth is the increasing dominance of Apartments.com. ""In the first half of 2016, Apartments.com continued to break away from the pack as the most trafficked apartment internet listing site,"" said Florance. ""According to comScore , in June 2016 Apartments.com generated nearly 23 million visits, which is more than all other apartment internet listing sites. In the same month compared to last year, Apartments.com unique visitors grew 40%, while our two primary competitors saw decreases of 9% and 14%, respectively."" CoStar's strong sales performance, combined with a 6% reduction in the company's cost of revenue and operating expenses, led to a surge in profitability. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased to $46 million -- up from a loss of $1 million in Q2 2015. Adjusted EBITDA, which excludes stock-based compensation, restructuring charges, acquisition-related costs, and other special items, likewise soared 394% to $56 million. All told, adjusted (non-GAAP) net income jumped to $29 million from only $2 million in the year-ago quarter. And adjusted earnings per share increased to $0.91 from $0.08 in the second quarter of 2015. Looking forward CoStar Group expects third-quarter revenue of approximately $211 million to $213 million, and non-GAAP EPS of $1.00 to $1.04. The company also reiterated its guidance for full-year revenue of between $834 million and $840 million and raised its 2016 adjusted earnings forecast to a range between $4.05 and $4.13 -- an increase of $0.04 at the midpoint from its previous estimate. ""The company continued to deliver strong revenue growth and better than expected earnings in the second quarter of 2016,"" added CFO Scott Wheeler. ""With our continued focus on cost management, we are increasing our full-year earnings outlook and expect further margin expansion in the second half of the year."" A secret billion-dollar stock opportunity The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here . Joe Tenebruso has no position in any stocks mentioned. The Motley Fool recommends CoStar Group. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-08-10,20.691,20.873,20.617,20.806,
CSGP,2016-08-11,20.892,20.9,20.522,20.797,
CSGP,2016-08-12,20.697,20.917,20.598,20.784,
CSGP,2016-08-15,20.755,20.991,20.61,20.905,
CSGP,2016-08-16,20.839,20.932,20.262,20.878,
CSGP,2016-08-17,20.822,20.921,20.481,20.546,
CSGP,2016-08-18,20.613,20.794,20.559,20.782,
CSGP,2016-08-19,20.658,20.957,20.658,20.823,
CSGP,2016-08-22,20.877,20.968,20.61,20.761,"[""Needham Assumes CoStar Group at Buy"", ""Benzinga's Top Initiations"", ""Benzinga's Top Initiations"", ""Needham Assumes CoStar Group at Buy"", ""Benzinga's Top Initiations"", ""Needham Assumes CoStar Group at Buy""]"
CSGP,2016-08-23,20.768,20.977,20.768,20.86,
CSGP,2016-08-24,20.871,20.942,20.578,20.651,"[""Best And Worst Q3'16: Mid Cap Growth ETFs, Mutual Funds And Key Holdings"", ""Best And Worst Q3'16: Mid Cap Growth ETFs, Mutual Funds And Key Holdings"", ""Best And Worst Q3'16: Mid Cap Growth ETFs, Mutual Funds And Key Holdings""]"
CSGP,2016-08-25,20.603,20.728,20.531,20.672,
CSGP,2016-08-26,20.632,21.029,20.632,20.788,
CSGP,2016-08-29,20.799,20.925,20.7,20.731,
CSGP,2016-08-30,20.718,20.839,20.393,20.502,
CSGP,2016-08-31,20.561,20.782,20.402,20.725,
CSGP,2016-09-01,20.745,21.017,20.705,21.012,
CSGP,2016-09-02,21.044,21.401,21.029,21.305,
CSGP,2016-09-06,21.282,21.587,21.199,21.445,
CSGP,2016-09-07,21.428,21.619,21.388,21.61,
CSGP,2016-09-08,21.5,21.768,21.434,21.653,
CSGP,2016-09-09,21.478,21.478,20.557,20.572,
CSGP,2016-09-12,20.456,21.153,20.456,21.1,
CSGP,2016-09-13,20.898,21.008,20.467,20.683,
CSGP,2016-09-14,20.677,20.897,20.498,20.709,
CSGP,2016-09-15,20.823,21.353,20.372,21.189,
CSGP,2016-09-16,21.037,21.21,20.958,21.039,
CSGP,2016-09-19,21.079,21.284,21.033,21.101,
CSGP,2016-09-20,21.185,21.306,21.02,21.108,
CSGP,2016-09-21,21.149,21.661,21.149,21.56,
CSGP,2016-09-22,21.687,21.924,21.614,21.864,
CSGP,2016-09-23,21.832,21.94,21.723,21.8,
CSGP,2016-09-26,21.625,21.687,21.478,21.521,
CSGP,2016-09-27,21.564,22.012,21.564,21.97,
CSGP,2016-09-28,22.099,22.274,21.981,22.231,"[""Stocks Modestly Lower Near Midday; Apple Rises On iPhone 7 Report"", ""Stocks Modestly Lower Near Midday; Apple Rises On iPhone 7 Report"", ""Stocks Modestly Lower Near Midday; Apple Rises On iPhone 7 Report""]"
CSGP,2016-09-29,22.224,22.262,21.588,21.612,
CSGP,2016-09-30,21.775,21.775,21.43,21.653,
CSGP,2016-10-03,21.673,21.968,21.386,21.549,
CSGP,2016-10-04,21.649,21.833,21.351,21.428,
CSGP,2016-10-05,21.574,22.444,21.338,21.575,
CSGP,2016-10-06,21.458,21.536,21.25,21.415,
CSGP,2016-10-07,21.405,21.405,21.044,21.157,
CSGP,2016-10-10,21.277,21.472,21.264,21.268,
CSGP,2016-10-11,21.271,21.271,20.755,20.895,"[""Baron Funds Comments on CoStar Group"", ""Baron Funds Comments on CoStar Group"", ""Baron Funds Comments on CoStar Group The Fund's biggest position, CoStar Group, Inc. ( NASDAQ:CSGP ) , is an information and marketing services provider to the commercial real estate industry. The company has built a proprietary database through primary research and data collection research over a -\u2026-year period, creating high barriers to entry. We believe its investments in R&D and a doubling of the sales force will help increase customer penetration. In addition, CoStar has made two key strategic acquisitions - Apartments.com and ApartmentFinder - that we believe offer cross-sell synergies and will accelerate growth in the vast multi-family market. CoStar currently has retention rates in the low 9\u2026% range, giving great visibility into the future earnings stream. We believe margins will improve toward 5\u2026% given the high operating leverage. Ron Baron Undervalued Stocks Ron Baron Top Growth Companies Ron Baron High Yield stocks Ron Baron Undervalued Stocks Ron Baron Top Growth Companies Ron Baron High Yield stocks Ron Baron Undervalued Stocks Ron Baron Top Growth Companies Ron Baron High Yield stocks From Baron Funds' fall -\u2026-6 newsletter . Read More: Fall -\u2026-6 newsletter Netflix Needs Time to Adjust to New Growth Phase About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members . This article first appeared on GuruFocus . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Baron Funds Comments on CoStar Group""]"
CSGP,2016-10-12,20.884,21.056,20.763,20.875,
CSGP,2016-10-13,20.709,20.844,20.5,20.703,
CSGP,2016-10-14,20.75,21.022,20.699,20.857,
CSGP,2016-10-17,20.827,20.86,20.691,20.789,
CSGP,2016-10-18,20.968,21.174,20.715,20.975,
CSGP,2016-10-19,20.937,21.137,20.937,21.068,
CSGP,2016-10-20,20.989,21.108,20.76,20.858,
CSGP,2016-10-21,20.811,21.0,20.631,20.971,"Implied USSD Analyst Target Price: $28 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the WisdomTree Strong Dollar U.S. Equity Fund ETF (Symbol: USSD), we found that the implied analyst target price for the ETF based upon its underlying holdings is $27.99 per unit. With USSD trading at a recent price near $25.35 per unit, that means that analysts see 10.42% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of USSD's underlying holdings with notable upside to their analyst target prices are Athenahealth Inc (Symbol: ATHN), CoStar Group, Inc. (Symbol: CSGP), and Avangrid Inc (Symbol: AGR). Although ATHN has traded at a recent price of $119.45/share, the average analyst target is 27.03% higher at $151.74/share. Similarly, CSGP has 16.74% upside from the recent share price of $208.58 if the average analyst target price of $243.50/share is reached, and analysts on average are expecting AGR to reach a target price of $45.67/share, which is 15.46% above the recent price of $39.55. Below is a twelve month price history chart comparing the stock performance of ATHN, CSGP, and AGR: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-10-24,21.106,21.355,21.038,21.231,
CSGP,2016-10-25,21.292,21.417,21.054,21.167,"[""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close""]"
CSGP,2016-10-26,21.014,21.267,20.843,20.902,"[""CoStar Group beats by $0.08, beats on revenue"", ""CoStar Group beats by $0.08, beats on revenue"", ""CoStar Group beats by $0.08, beats on revenue""]"
CSGP,2016-10-27,20.402,21.325,18.042,19.224,"[""Financials - Top 5 Gainers / Losers as of 1:05 PM"", ""Financials - Top 5 Gainers / Losers as of 1:05 PM"", ""Financials - Top 5 Gainers / Losers as of 1:05 PM""]"
CSGP,2016-10-28,19.085,19.649,19.042,19.074,"CoStar Group, Inc. Widens Its Lead in the Multifamily Arena CoStar Group (NASDAQ: CSGP) reported second-quarter results on Oct. 26. Market share gains and cost cuts helped to drive the online real estate marketplace's profits sharply higher. CoStar Group results: The raw numbers Data source: CoStar Group Q3 2016 earnings press release . YOY = year over year. What happened with CoStar Group this quarter? Revenue rose 12.5% year over year to $213 million, coming in at the high end of CoStar's guidance for third-quarter sales of approximately $211 million to $213 million. ""Net new sales of our flagship service CoStar Suite continued to accelerate,"" said Founder and CEO Andrew Florance in a press release. ""Year-to-date in 2016, we have outpaced CoStar Suite net new sales over the same time period in 2015 by 33%."" The strong performance of Apartments.com continues to fuel CoStar Group's growth, as noted by Florance: CoStar's strong sales performance, combined with its continued focus on cost reductions, led to a sharp increase in profitability. Earnings before interest, taxes, depreciation, and amortization (EBITDA) soared 164% to $58 million compared to the third quarter of 2015. Adjusted EBITDA -- which excludes stock-based compensation, restructuring charges, acquisition-related costs, and other special items -- likewise jumped 86% to $67 million. All told, adjusted net income surged 112% year over year to $36 million, and adjusted earnings per share increased 109% to $1.11. ""Our focus on investing in growth and cost management has generated net income and EBITDA through the first nine months of 2016 that is as high or higher than in any other 12 month period in our history,"" said Florance. Looking forward For the fourth quarter, CoStar Group expects revenue of approximately $216 million to $219 million and non-GAAP EPS of $1.23 to $1.28. Additionally, it tightened its guidance range for full-year revenue to between $835 million to $838 million, compared with previous estimates of $834 million to $840 million. CoStar Group also boosted its 2016 adjusted earnings forecast to a range of $4.20 to $4.25, raising the midpoint by $0.13 from its prior outlook and by $0.55 from its initial 2016 guidance. ""The company continued to deliver strong revenue growth and better than expected earnings in the third quarter of 2016,"" added CFO Scott Wheeler. ""With our continued focus on profitable growth, we are again increasing our full-year earnings forecast."" A secret billion-dollar stock opportunity The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early in-the-know investors! To be one of them, just click here . Joe Tenebruso has no position in any stocks mentioned. The Motley Fool recommends CoStar Group. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-10-31,19.15,19.17,18.606,18.712,
CSGP,2016-11-01,18.8,18.929,18.348,18.465,
CSGP,2016-11-02,18.45,18.45,18.211,18.304,
CSGP,2016-11-03,18.376,18.587,18.257,18.297,
CSGP,2016-11-04,18.257,18.378,18.177,18.35,
CSGP,2016-11-07,18.707,18.882,18.423,18.491,
CSGP,2016-11-08,18.436,18.618,18.211,18.425,
CSGP,2016-11-09,18.105,18.716,18.086,18.677,
CSGP,2016-11-10,18.786,18.957,18.187,18.366,"[""Suntrust Robinson Humphrey Financial Technology, Business & Government Services Conf Today"", ""Suntrust Robinson Humphrey Financial Technology, Business & Government Services Conf Today"", ""Suntrust Robinson Humphrey Financial Technology, Business & Government Services Conf Today""]"
CSGP,2016-11-11,18.299,18.756,18.234,18.615,
CSGP,2016-11-14,18.672,19.4,18.429,19.346,
CSGP,2016-11-15,19.453,20.059,19.446,19.529,
CSGP,2016-11-16,19.5,19.876,19.444,19.722,
CSGP,2016-11-17,19.648,19.99,19.484,19.899,
CSGP,2016-11-18,19.852,20.013,19.474,19.479,
CSGP,2016-11-21,19.508,19.742,19.37,19.728,
CSGP,2016-11-22,19.688,19.85,19.547,19.786,
CSGP,2016-11-23,19.732,20.125,19.637,20.122,"CSGP Makes Bullish Cross Above Critical Moving Average In trading on Wednesday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed above their 200 day moving average of $199.51, changing hands as high as $201.14 per share. CoStar Group, Inc. shares are currently trading up about 1.6% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $146.53 per share, with $224.79 as the 52 week high point - that compares with a last trade of $201.22. According to the ETF Finder at ETF Channel, CSGP makes up 2.49% of the PowerShares Dynamic Media Portfolio ETF (Symbol: PBS) which is trading up by about 0.1% on the day Wednesday. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2016-11-25,20.273,20.373,20.107,20.339,
CSGP,2016-11-28,20.255,20.434,19.748,19.838,
CSGP,2016-11-29,19.795,19.805,19.467,19.501,
CSGP,2016-11-30,19.626,19.715,18.872,19.111,
CSGP,2016-12-01,19.231,19.527,17.931,18.029,
CSGP,2016-12-02,18.069,18.428,17.922,18.324,
CSGP,2016-12-05,18.441,18.859,18.348,18.425,
CSGP,2016-12-06,18.546,18.888,18.319,18.72,
CSGP,2016-12-07,18.722,19.044,18.638,18.868,
CSGP,2016-12-08,18.896,19.172,18.816,19.121,
CSGP,2016-12-09,19.11,19.255,18.953,19.192,
CSGP,2016-12-12,19.105,19.225,18.902,19.201,
CSGP,2016-12-13,19.254,19.545,19.035,19.467,"[""CoStar Files Lawsuit Against Xceligent, Accuses Xceligent Of 'brazen and widespread theft'' Xceligent Denies Charges"", ""CoStar Files Lawsuit Against Xceligent, Accuses Xceligent Of 'brazen and widespread theft'' Xceligent Denies Charges"", ""CoStar Files Lawsuit Against Xceligent, Accuses Xceligent Of 'brazen and widespread theft'' Xceligent Denies Charges""]"
CSGP,2016-12-14,19.502,19.509,19.137,19.302,
CSGP,2016-12-15,19.288,19.444,19.003,19.255,
CSGP,2016-12-16,19.233,19.292,19.045,19.054,
CSGP,2016-12-19,19.053,19.18,18.893,18.963,
CSGP,2016-12-20,19.125,19.478,18.838,19.282,
CSGP,2016-12-21,19.381,19.495,19.03,19.07,
CSGP,2016-12-22,19.052,19.066,18.8,18.996,
CSGP,2016-12-23,18.934,19.244,18.934,19.079,
CSGP,2016-12-27,19.02,19.187,18.862,19.123,
CSGP,2016-12-28,19.095,19.236,18.946,19.063,
CSGP,2016-12-29,19.08,19.488,18.71,18.794,
CSGP,2016-12-30,18.876,18.954,18.534,18.849,
CSGP,2017-01-03,18.933,19.094,18.486,18.615,
CSGP,2017-01-04,18.644,19.168,18.551,19.08,
CSGP,2017-01-05,19.105,19.324,18.865,19.149,
CSGP,2017-01-06,19.15,19.29,19.05,19.182,
CSGP,2017-01-09,19.164,19.392,19.108,19.243,
CSGP,2017-01-10,19.251,19.525,19.23,19.429,
CSGP,2017-01-11,19.429,19.829,19.4,19.819,
CSGP,2017-01-12,19.756,19.907,19.433,19.77,
CSGP,2017-01-13,19.829,20.135,19.737,20.111,
CSGP,2017-01-17,20.03,20.045,19.752,19.911,
CSGP,2017-01-18,19.955,19.987,19.797,19.943,
CSGP,2017-01-19,19.969,20.028,19.841,19.889,
CSGP,2017-01-20,19.952,20.062,19.862,20.052,
CSGP,2017-01-23,20.062,20.282,19.88,20.025,
CSGP,2017-01-24,20.05,20.327,19.989,20.3,
CSGP,2017-01-25,20.346,20.568,20.25,20.437,"[""20 Stocks Moving In Wednesday's Pre-Market Session"", ""20 Stocks Moving In Wednesday's Pre-Market Session"", ""20 Stocks Moving In Wednesday's Pre-Market Session""]"
CSGP,2017-01-26,20.505,20.54,20.205,20.336,
CSGP,2017-01-27,20.361,20.454,20.171,20.263,
CSGP,2017-01-30,20.177,20.204,19.907,20.202,
CSGP,2017-01-31,20.185,20.277,20.077,20.21,
CSGP,2017-02-01,20.333,20.387,19.829,20.329,"[""CoStar Group Acquires Leading Southern California Listing Site Westside Rentals, Terms Not Disclosed"", ""CoStar Group Acquires Leading Southern California Listing Site Westside Rentals, Terms Not Disclosed"", ""CoStar Group Acquires Leading Southern California Listing Site Westside Rentals, Terms Not Disclosed""]"
CSGP,2017-02-02,20.282,20.443,20.053,20.143,
CSGP,2017-02-03,20.228,20.476,20.1,20.364,
CSGP,2017-02-06,20.309,20.402,20.233,20.364,
CSGP,2017-02-07,20.372,20.482,20.256,20.44,
CSGP,2017-02-08,20.35,20.499,20.09,20.35,
CSGP,2017-02-09,20.324,20.495,20.31,20.381,
CSGP,2017-02-10,20.431,20.476,20.224,20.416,"[""Mitsubishi UFJ Trust & Banking Corp Buys SPDR Bloomberg Barclays Short Term High Yield ..."", ""Mitsubishi UFJ Trust & Banking Corp Buys SPDR Bloomberg Barclays Short Term High Yield ..."", ""Mitsubishi UFJ Trust & Banking Corp Buys SPDR Bloomberg Barclays Short Term High Yield ...""]"
CSGP,2017-02-13,20.455,20.698,20.392,20.564,
CSGP,2017-02-14,20.458,20.646,20.44,20.531,"Ron Baron Buys Camping World Holdings, Under Armour, SiteOne Landscape Supply, Sells Inovalon ... Ron Baron New Purchases: CWH , SHW , BSAC , PLD, LEXEA, MAR, MEDP, AAP, MAS, AOS, Added Positions:UA, SITE, CSGP, GKOS, BIDU, MTN, HD, BABA, REXR, AU, Reduced Positions:INOV, ILMN, IDXX, UAA, GLPI, MIDD, BAH, DKS, SSNC, BFAM, Sold Out:PGND, BKD, DPLO, IRDMB, MNRO, DLR, JUNO, AWI, HMHC, ATHN, For the details of Ron Baron's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Ron+Baron These are the top 5 holdings of Ron Baron Vail Resorts Inc ( MTN ) - 5,266,892 shares, 4.78% of the total portfolio. Shares added by 1.75% Gartner Inc ( IT ) - 7,502,738 shares, 4.27% of the total portfolio. Shares reduced by 2.83% Arch Capital Group Ltd ( ACGL ) - 8,765,845 shares, 4.26% of the total portfolio. Shares reduced by 0.12% IDEXX Laboratories Inc ( IDXX ) - 5,690,887 shares, 3.76% of the total portfolio. Shares reduced by 12.45% CoStar Group Inc ( CSGP ) - 2,997,945 shares, 3.18% of the total portfolio. Shares added by 3.78% New Purchase: Camping World Holdings Inc (CWH) Ron Baron initiated holdings in Camping World Holdings Inc. The purchase prices were between $20.52 and $33.23, with an estimated average price of $25.72. The stock is now traded at around $32.49. The impact to the portfolio due to this purchase was 0.18%. The holdings were 1,000,000 shares as of 2016-12-31. New Purchase: Sherwin-Williams Co (SHW) Ron Baron initiated holdings in Sherwin-Williams Co. The purchase prices were between $240.63 and $277.88, with an estimated average price of $265.15. The stock is now traded at around $308.11. The impact to the portfolio due to this purchase was 0.15%. The holdings were 100,267 shares as of 2016-12-31. New Purchase: Banco Santander Chile (BSAC) Ron Baron initiated holdings in Banco Santander Chile. The purchase prices were between $20.52 and $23.48, with an estimated average price of $21.88. The stock is now traded at around $21.94. The impact to the portfolio due to this purchase was 0.13%. The holdings were 1,036,598 shares as of 2016-12-31. New Purchase: Liberty Expedia Holdings Inc (LEXEA) Ron Baron initiated holdings in Liberty Expedia Holdings Inc. The purchase prices were between $39.32 and $45, with an estimated average price of $42.49. The stock is now traded at around $43.81. The impact to the portfolio due to this purchase was 0.12%. The holdings were 544,000 shares as of 2016-12-31. New Purchase: Prologis Inc (PLD) Ron Baron initiated holdings in Prologis Inc. The purchase prices were between $46.38 and $53.2, with an estimated average price of $50.85. The stock is now traded at around $49.50. The impact to the portfolio due to this purchase was 0.12%. The holdings were 392,497 shares as of 2016-12-31. New Purchase: Marriott International Inc (MAR) Ron Baron initiated holdings in Marriott International Inc. The purchase prices were between $66.61 and $86.05, with an estimated average price of $75.26. The stock is now traded at around $87.28. The impact to the portfolio due to this purchase was 0.11%. The holdings were 227,120 shares as of 2016-12-31. Added: Under Armour Inc (UA) Ron Baron added to the holdings in Under Armour Inc by 21.22%. The purchase prices were between $23.75 and $34.05, with an estimated average price of $27.67. The stock is now traded at around $19.07. The impact to the portfolio due to this purchase was 0.15%. The holdings were 6,229,353 shares as of 2016-12-31. Added: SiteOne Landscape Supply Inc (SITE) Ron Baron added to the holdings in SiteOne Landscape Supply Inc by 89.56%. The purchase prices were between $29.82 and $36.85, with an estimated average price of $33.56. The stock is now traded at around $38.33. The impact to the portfolio due to this purchase was 0.15%. The holdings were 1,619,095 shares as of 2016-12-31. Added: Baidu Inc (BIDU) Ron Baron added to the holdings in Baidu Inc by 69.77%. The purchase prices were between $161.67 and $184.11, with an estimated average price of $170.19. The stock is now traded at around $182.71. The impact to the portfolio due to this purchase was 0.08%. The holdings were 209,116 shares as of 2016-12-31. Added: Glaukos Corp (GKOS) Ron Baron added to the holdings in Glaukos Corp by 360.14%. The purchase prices were between $30.61 and $38.73, with an estimated average price of $34.23. The stock is now traded at around $45.31. The impact to the portfolio due to this purchase was 0.08%. The holdings were 530,365 shares as of 2016-12-31. Added: The Home Depot Inc (HD) Ron Baron added to the holdings in The Home Depot Inc by 40.81%. The purchase prices were between $119.89 and $137.11, with an estimated average price of $128.9. The stock is now traded at around $140.20. The impact to the portfolio due to this purchase was 0.07%. The holdings were 308,610 shares as of 2016-12-31. Added: Rexford Industrial Realty Inc (REXR) Ron Baron added to the holdings in Rexford Industrial Realty Inc by 137.81%. The purchase prices were between $20.27 and $23.27, with an estimated average price of $21.95. The stock is now traded at around $22.41. The impact to the portfolio due to this purchase was 0.05%. The holdings were 659,530 shares as of 2016-12-31. Sold Out: Press Ganey Holdings Inc (PGND) Ron Baron sold out the holdings in Press Ganey Holdings Inc. The sale prices were between $40.43 and $40.5, with an estimated average price of $40.46. Sold Out: Brookdale Senior Living Inc (BKD) Ron Baron sold out the holdings in Brookdale Senior Living Inc. The sale prices were between $11.27 and $17.59, with an estimated average price of $13.42. Sold Out: Diplomat Pharmacy Inc (DPLO) Ron Baron sold out the holdings in Diplomat Pharmacy Inc. The sale prices were between $12.5 and $29.06, with an estimated average price of $18.63. Sold Out: Iridium Communications Inc (IRDMB) Ron Baron sold out the holdings in Iridium Communications Inc. The sale prices were between $289.67 and $381.5, with an estimated average price of $327.74. Sold Out: Monro Muffler Brake Inc (MNRO) Ron Baron sold out the holdings in Monro Muffler Brake Inc. The sale prices were between $52.9 and $61.5, with an estimated average price of $57.59. Sold Out: Digital Realty Trust Inc (DLR) Ron Baron sold out the holdings in Digital Realty Trust Inc. The sale prices were between $87.54 and $98.41, with an estimated average price of $92.96. Warning! GuruFocus has detected 3 Warning Signs with UA. Click here to check it out. UA 15-Year Financial Data The intrinsic value of UA Peter Lynch Chart of UA Premium Members This article first appeared on GuruFocus . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-02-15,20.518,20.775,20.518,20.722,"Wildcat Capital Management, LLC Buys Communications Sales & Leasing, Adverum ... Wildcat Capital Management, LLC New Purchases: CSAL , ADVM , NTLA , GM, Added Positions:NH, Reduced Positions:CSGP, IBB, EDIT, Sold Out:TLT, BABA, FXY, HYG, EMB, QQQ, DXJ, For the details of Wildcat Capital Management, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Wildcat+Capital+Management%2C+LLC These are the top 5 holdings of Wildcat Capital Management, LLC Kite Pharma Inc ( KITE ) - 2,358,084 shares, 51.2% of the total portfolio. CoStar Group Inc ( CSGP ) - 195,117 shares, 17.81% of the total portfolio. Shares reduced by 22.09% NantKwest Inc ( NK ) - 4,485,495 shares, 12.42% of the total portfolio. Sorrento Therapeutics Inc ( SRNE ) - 2,799,790 shares, 6.64% of the total portfolio. MiMedx Group Inc ( MDXG ) - 1,080,365 shares, 4.64% of the total portfolio. New Purchase: Communications Sales & Leasing Inc (CSAL) Wildcat Capital Management, LLC initiated holdings in Communications Sales & Leasing Inc. The purchase prices were between $23.74 and $30.77, with an estimated average price of $26.94. The stock is now traded at around $26.39. The impact to the portfolio due to this purchase was 2.01%. The holdings were 163,000 shares as of 2016-12-31. New Purchase: Adverum Biotechnologies Inc (ADVM) Wildcat Capital Management, LLC initiated holdings in Adverum Biotechnologies Inc. The purchase prices were between $2.8 and $4.35, with an estimated average price of $3.27. The stock is now traded at around $2.90. The impact to the portfolio due to this purchase was 0.02%. The holdings were 15,000 shares as of 2016-12-31. New Purchase: Intellia Therapeutics Inc (NTLA) Wildcat Capital Management, LLC initiated holdings in Intellia Therapeutics Inc. The purchase prices were between $12.02 and $18.11, with an estimated average price of $15.02. The stock is now traded at around $12.51. The impact to the portfolio due to this purchase was 0.02%. The holdings were 3,542 shares as of 2016-12-31. New Purchase: General Motors Co (GM) Wildcat Capital Management, LLC initiated holdings in General Motors Co. The purchase prices were between $30.96 and $37.66, with an estimated average price of $33.61. The stock is now traded at around $37.08. The impact to the portfolio due to this purchase was 0.01%. The holdings were 800 shares as of 2016-12-31. Sold Out: iShares 20+ Year Treasury Bond ETF (TLT) Wildcat Capital Management, LLC sold out the holdings in iShares 20+ Year Treasury Bond ETF. The sale prices were between $116.82 and $136.81, with an estimated average price of $125.07. Sold Out: Alibaba Group Holding Ltd (BABA) Wildcat Capital Management, LLC sold out the holdings in Alibaba Group Holding Ltd. The sale prices were between $86.79 and $108.41, with an estimated average price of $96.28. Sold Out: Guggenheim CurrencyShares Japanese Yen Trust (FXY) Wildcat Capital Management, LLC sold out the holdings in Guggenheim CurrencyShares Japanese Yen Trust. The sale prices were between $81.68 and $95.02, with an estimated average price of $88.26. Sold Out: iShares iBoxx $ High Yield Corporate Bond (HYG) Wildcat Capital Management, LLC sold out the holdings in iShares iBoxx $ High Yield Corporate Bond. The sale prices were between $83.47 and $87.42, with an estimated average price of $86.11. Sold Out: iShares JP. Morgan USD Emerging Markets Bond (EMB) Wildcat Capital Management, LLC sold out the holdings in iShares JP. Morgan USD Emerging Markets Bond. The sale prices were between $108.16 and $116.94, with an estimated average price of $112.12. Sold Out: PowerShares QQQ Trust Series 1 (QQQ) Wildcat Capital Management, LLC sold out the holdings in PowerShares QQQ Trust Series 1. The sale prices were between $113.65 and $120.82, with an estimated average price of $118.03. Warning! GuruFocus has detected 4 Warning Signs with CSAL. Click here to check it out. CSAL 15-Year Financial Data The intrinsic value of CSAL Peter Lynch Chart of CSAL Premium Members This article first appeared on GuruFocus . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-02-16,20.798,20.919,20.663,20.853,"[""Night Owl Capital Management, LLC Buys CoStar Group, Facebook, Blackbaud, Sells Microsoft"", ""Night Owl Capital Management, LLC Buys CoStar Group, Facebook, Blackbaud, Sells Microsoft"", ""Night Owl Capital Management, LLC Buys CoStar Group, Facebook, Blackbaud, Sells Microsoft""]"
CSGP,2017-02-17,20.781,20.97,20.713,20.969,
CSGP,2017-02-21,21.04,21.232,20.971,21.137,"[""Notable earnings after Wednesday's close"", ""Baron Opportunity Fund Comments on CoStar Group"", ""Notable earnings after Wednesday's close"", ""Baron Opportunity Fund Comments on CoStar Group"", ""Baron Opportunity Fund Comments on CoStar Group"", ""Baron Opportunity Fund Comments on CoStar Group CoStar Group, Inc. ( NASDAQ:CSGP ) has been one of the Fund's longest investments. As we described earlier, the stock fell when CoStar's management announced an incremental $20 million investment to target a $200 million, high-margin incremental and recurring revenue opportunity. CoStar's stock reached a high of just under $225 this summer but fell to a low of $180 after this announcement. We thought the market significantly overreacted and decided to \""max out\"" (we can buy up to a 5% position at cost) our CoStar investment. Over the 15 years we've been investors in CoStar, we've witnessed first-hand the company's successful track record of investments and believe this latest one will be no different. The stock has already recovered a good amount, and sits around $200 at this writing. From Baron Funds' Baron Opportunity Fund fourth quarter 2016 commentary . Premium Members This article first appeared on GuruFocus . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Notable earnings after Wednesday's close"", ""Baron Opportunity Fund Comments on CoStar Group"", ""Baron Opportunity Fund Comments on CoStar Group""]"
CSGP,2017-02-22,21.092,21.24,20.951,21.002,"[""CoStar Group reports Q4 results"", ""CoStar Group Reports Q4 Adj. EPS $1.29 vs. YoY $1.10, Sales $218M vs. YoY $193M"", ""CoStar Group Sees Q1 Sales $223-$225M, Adj. EPS $0.92-$0.97; FY17 Sales $935-$945M, Adj. EPS $4.18-$4.28"", ""CoStar Group Sees Q1 Sales $223-$225M, Adj. EPS $0.92-$0.97; FY17 Sales $935-$945M, Adj. EPS $4.18-$4.28"", ""CoStar Group Reports Q4 Adj. EPS $1.29 vs. YoY $1.10, Sales $218M vs. YoY $193M"", ""CoStar Group reports Q4 results"", ""CoStar Group Sees Q1 Sales $223-$225M, Adj. EPS $0.92-$0.97; FY17 Sales $935-$945M, Adj. EPS $4.18-$4.28"", ""CoStar Group Reports Q4 Adj. EPS $1.29 vs. YoY $1.10, Sales $218M vs. YoY $193M"", ""CoStar Group reports Q4 results""]"
CSGP,2017-02-23,20.081,20.785,19.718,20.167,"[""CoStar Group (CSGP) Q4 2016 Results - Earnings Call Transcript"", ""CoStar Group (CSGP) Q4 2016 Results - Earnings Call Transcript"", ""CoStar Group Breaks Below 200-Day Moving Average - Notable for CSGP In trading on Thursday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed below their 200 day moving average of $204.34, changing hands as low as $197.18 per share. CoStar Group, Inc. shares are currently trading down about 5.3% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $161.66 per share, with $224.79 as the 52 week high point - that compares with a last trade of $199.45. According to the ETF Finder at ETF Channel, CSGP makes up 2.69% of the PowerShares Dynamic Media Portfolio ETF (Symbol: PBS) which is trading lower by about 0.8% on the day Thursday. Click here to find out which 9 other stocks recently crossed below their 200 day moving average \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group (CSGP) Q4 2016 Results - Earnings Call Transcript""]"
CSGP,2017-02-24,20.1,20.168,19.725,20.134,"CoStar Group, Inc. Earnings Boosted by Apartments.com Growth CoStar Group (NASDAQ: CSGP) reported fourth-quarter results on Feb. 22. The provider of commercial real estate information, analytics, and online marketplaces is reaping the rewards of its investments in its apartments business while it works to integrate its other product lines. CoStar Group results: The raw numbers Source: CoStar Group Q4 2016 earnings press release . What happened with CoStar Group this quarter? Costar's revenue rose 13% year over year to $218 million, driven by growth in its Apartments.com business and Costar Suite product line. ""Three years ago we saw an opportunity to capture the lead in the massive apartment rental listings industry, and we invested aggressively in Apartments.com to successfully capture that opportunity,"" said CoStar founder and CEO Andrew Florance in a press release. ""Those investments have paid off as we have now taken the number one position in the industry in visits (as reported by comScore for December 2016), revenue, and momentum."" With its Apartments.com business firing on all cylinders, Costar Group is turning its attention toward the integration of two of its other core products. Those efforts are already starting to bear fruit, with CoStar enjoying strong bookings growth in the fourth quarter. CoStar's profitability also continues to improve. EBITDA (earnings before interest, taxes, depreciation, and amortization) -- adjusted to exclude stock-based compensation, restructuring charges, acquisition-related costs, and other special items -- jumped 15% to $75 million, with adjusted EBITDA margin rising to 34.4% from 33.7% in the prior-year quarter. All told, adjusted (non-GAAP) net income leapt 18% year over year to $42 million, and adjusted earnings per share increased 17% to $1.29. Looking forward For the first quarter, CoStar Group forecasts revenue of approximately $223 million to $225 million, adjusted EBITDA of $57 million to $60 million, and non-GAAP EPS of $0.92 to $0.97. CoStar also issued its full-year 2017 outlook, including: Revenue of $935 million to $945 million, representing growth of 11% to 13% compared to 2016 Adjusted EBITDA of $260 million to $265 million, up 2% to 4% year over year Non-GAAP EPS of $4.18 to $4.28, down 2% to flat versus 2016 As evidenced by its full-year guidance, CoStar expects its 2017 profits to be impacted by its integration and growth investments. ""2016 was a year of strong growth and rapid margin expansion for CoStar,"" said CFO Scott Wheeler. ""As we look forward to 2017, we plan to reinvest a modest portion of these margin gains back in the business before continuing to expand our margins as we exit 2017."" Looking further ahead, CoStar expects these investments to pay dividends in 2018. ""We believe we will exceed our goal of $1 billion in revenue in 2018 and remain committed to achieving 40% margin in the fourth quarter of 2018,"" said Florance. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of February 6, 2017 Joe Tenebruso has no position in any stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-02-27,20.15,20.412,19.852,20.399,
CSGP,2017-02-28,20.329,20.345,20.212,20.318,
CSGP,2017-03-01,20.5,20.738,20.331,20.68,
CSGP,2017-03-02,20.733,20.733,20.01,20.48,
CSGP,2017-03-03,20.417,20.695,20.414,20.613,"[""SECOR Capital Advisors, LP Buys iShares MSCI Brazil Capped Index Fund, CDK Global, Booz Allen ..."", ""SECOR Capital Advisors, LP Buys iShares MSCI Brazil Capped Index Fund, CDK Global, Booz Allen ..."", ""SECOR Capital Advisors, LP Buys iShares MSCI Brazil Capped Index Fund, CDK Global, Booz Allen ...""]"
CSGP,2017-03-06,20.537,20.636,20.438,20.569,
CSGP,2017-03-07,20.538,20.707,20.474,20.492,
CSGP,2017-03-08,20.558,20.675,20.171,20.6,
CSGP,2017-03-09,20.628,20.799,20.291,20.738,
CSGP,2017-03-10,20.838,20.838,20.471,20.518,
CSGP,2017-03-13,20.596,20.688,20.0,20.562,"[""B. Riley Initiates Coverage On CoStar Group With Buy, Announces $231 Price Target"", ""Benzinga's Top Upgrades, Downgrades For March 13, 2017"", ""Benzinga's Top Upgrades, Downgrades For March 13, 2017"", ""B. Riley Initiates Coverage On CoStar Group With Buy, Announces $231 Price Target"", ""Benzinga's Top Upgrades, Downgrades For March 13, 2017"", ""B. Riley Initiates Coverage On CoStar Group With Buy, Announces $231 Price Target""]"
CSGP,2017-03-14,20.48,20.571,20.36,20.504,
CSGP,2017-03-15,20.548,20.645,20.406,20.499,
CSGP,2017-03-16,20.535,20.69,20.36,20.677,
CSGP,2017-03-17,20.785,20.998,20.457,20.509,
CSGP,2017-03-20,20.484,20.797,20.059,20.703,
CSGP,2017-03-21,20.787,20.787,20.469,20.524,
CSGP,2017-03-22,20.483,20.706,20.274,20.453,
CSGP,2017-03-23,20.355,20.635,20.162,20.624,
CSGP,2017-03-24,20.551,20.796,20.37,20.774,
CSGP,2017-03-27,20.51,20.893,20.265,20.863,
CSGP,2017-03-28,20.888,20.892,20.645,20.693,
CSGP,2017-03-29,20.664,20.956,20.435,20.915,
CSGP,2017-03-30,20.924,20.953,19.755,20.673,
CSGP,2017-03-31,20.694,20.9,20.532,20.722,
CSGP,2017-04-03,20.784,20.875,20.585,20.742,
CSGP,2017-04-04,20.71,20.853,20.443,20.599,
CSGP,2017-04-05,20.665,20.947,20.516,20.577,
CSGP,2017-04-06,20.602,20.7,20.505,20.643,
CSGP,2017-04-07,20.633,20.774,20.465,20.664,
CSGP,2017-04-10,20.692,20.887,20.582,20.701,
CSGP,2017-04-11,20.658,20.862,20.143,20.54,
CSGP,2017-04-12,20.497,20.599,20.308,20.462,
CSGP,2017-04-13,20.444,20.562,20.324,20.452,
CSGP,2017-04-17,20.502,20.725,20.424,20.72,
CSGP,2017-04-18,20.62,20.984,20.62,20.937,
CSGP,2017-04-19,21.043,21.247,20.95,21.232,
CSGP,2017-04-20,21.31,21.686,21.162,21.556,
CSGP,2017-04-21,21.581,21.697,21.435,21.532,
CSGP,2017-04-24,21.72,21.74,21.521,21.713,
CSGP,2017-04-25,21.858,21.97,21.406,21.612,
CSGP,2017-04-26,21.587,21.996,21.359,21.909,"[""CoStar Q1 EPS $0.95 vs $0.94 Est, Sales $200M vs $225M Est"", ""CoStar Raises the Midpoint of its Revenue Guidance, Sees FY 2017 EPS $4.30 to $4.40 vs $4.26 Est, Sales $945M to $955M vs $942M Est"", ""CoStar Sees Q2 EPS $0.58 to $0.64 vs $0.74 Est"", ""CoStar Sees Q2 EPS $0.58 to $0.64 vs $0.74 Est"", ""CoStar Raises the Midpoint of its Revenue Guidance, Sees FY 2017 EPS $4.30 to $4.40 vs $4.26 Est, Sales $945M to $955M vs $942M Est"", ""CoStar Q1 EPS $0.95 vs $0.94 Est, Sales $200M vs $225M Est"", ""CoStar Sees Q2 EPS $0.58 to $0.64 vs $0.74 Est"", ""CoStar Raises the Midpoint of its Revenue Guidance, Sees FY 2017 EPS $4.30 to $4.40 vs $4.26 Est, Sales $945M to $955M vs $942M Est"", ""CoStar Q1 EPS $0.95 vs $0.94 Est, Sales $200M vs $225M Est"", ""Everyone loves these stocks \u2014 that\u2019s why you should avoid them The most widely held shares carry risks of their own The most widely held shares carry risks of their own, writes Michael Brush.""]"
CSGP,2017-04-27,22.858,23.87,22.612,23.671,
CSGP,2017-04-28,23.671,24.232,23.618,24.089,
CSGP,2017-05-01,24.0,24.291,23.891,24.254,"CoStar Group, Inc. Earnings Top Forecast CoStar Group (NASDAQ: CSGP) reported first-quarter results on April 26. The provider of commercial real estate analytics and online marketplaces is enjoying record sales of its subscription services as it expands its online empire. CoStar Group results: The raw numbers Data source: CoStar Group Q1 2017 earnings press release . What happened with CoStar Group this quarter? CoStar enjoyed record Q1 bookings of $35 million, representing growth of 18% from the prior quarter. ""We had an exceptionally strong first quarter of 2017 as our investments in our sales force, marketing campaigns, technology enhancements and research improvements combined to deliver outstanding sales and revenue results,"" said CoStar Founder and CEO Andrew Florance in a press release. CoStar's revenue rose 13% year over year to $227 million, above its guidance range of $223 million to $225 million. Its growth was broad-based, highlighted by a 13% rise in CoStar Suite revenue and a 22% jump in multifamily revenue. 'The first quarter of 2017 was our second best multifamily sales quarter as our newly revamped and vastly improved sales team continues the momentum from last fall,"" Florance said. ""According to comScore, visits and unique visitor traffic in March reached all-time highs for Apartments.com and our multifamily network as we continue to expand our lead over the competition."" EBITDA (earnings before interest, taxes, depreciation, and amortization) -- adjusted to exclude stock-based compensation, acquisition-related costs, and other special items -- increased 11% to $64 million. That was above CoStar's guidance range of $57 million to $60 million. Adjusted (non-GAAP) net income increased 11% year over year to $34 million, or $1.05 per share, which also exceeded CoStar's forecast of $0.92 to $0.97 in non-GAAP EPS. Acquisition news On April 10, 2017, CoStar agreed to buy LandWatch.com from DataSphere Technologies. LandWatch is a leader in rural properties for sale, including farms, ranches, hunting land, and timberland. CoStar believes the deal -- which is expected to close in May -- will nearly double its land marketplace revenue. ""Rural land is a multitrillion-dollar real estate asset class in the United States,"" Florance said. ""The acquisition of LandWatch solidifies our position as the number one online network of marketplaces for rural real estate."" Looking forward Thanks to its strong first-quarter results and the expected positive impact of its LandWatch.com acquisition, CoStar raised its full-year 2017 revenue and earnings outlook. Revenue is now anticipated to be between $945 million and $955 million, up from prior estimates of $935 million to $945 million. And non-GAAP EPS is projected to be in a range of $4.30 to $4.40, up from a previous forecast of $4.18 to $4.28. Looking further ahead, CoStar reiterated its goal to achieve $1 billion in revenue and 40% margin in 2018. ""Recent job growth has been strong, which bodes well for commercial leasing activity as well as the apartment household formation that drives the apartment sector, Florance said during a conference call with analysts. ""Fortunately, CoStar is an integral part of the leasing and marketing program for building owners and managers. Therefore, the combination of a healthy economy and the need to lease space is a good situation for us."" 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now...and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of May 1, 2017. Joe Tenebruso has no position in any stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-05-02,24.304,24.623,24.152,24.477,
CSGP,2017-05-03,24.404,24.716,24.268,24.631,
CSGP,2017-05-04,24.722,24.986,24.408,24.859,
CSGP,2017-05-05,24.819,25.317,24.345,25.28,
CSGP,2017-05-08,25.185,25.316,24.99,25.182,
CSGP,2017-05-09,25.096,25.454,25.096,25.225,
CSGP,2017-05-10,25.161,25.422,25.065,25.245,"[""Financial Sector Update for 05/10/2017: CSGP,WAC,PLPM Top Financial Stocks JPM +0.71% BAC +0.58% WFC +0.05% C +0.21% USB +0.63% Financial stocks were edging higher in late Wednesday trading, with the NYSE Financial Sector Index adding almost 0.3% in value while financial companies in the S&P 500 Index also were posting a 0.3% gain. In company news, CoStar Group ( CSGP ) was hanging on to a narrow gain in late Wednesday trading, rising about 0.1%, after the online commercial real estate seller this afternoon announced its purchase of rural listings website LandWatch.com. Terms of the acquisition were not disclosed. CoStar said it plans to operate LandWatch.com as a stand-alone entity although it will also distribute the acquired listings on its Lands of America and Land & Farm online sites and allowing prospective buyers to find and research listings on whichever site they visit. CoStar also said it expects Land Group to nearly double traffic across its commercial real estate websites, adding around 3.1 million monthly viewers, on average, and boosting average monthly visits for the expanded network to around 7.1 million visits. In other sector news, (+) WAC, Adjusted Q1 net loss of $0.70 per share is $0.11 per share wider than the Capital IQ concensus. Revenue rises 267.4% over year-ago levels to $245.29 mln, matching the $245.6 mln two-analyst consensus. (-) PLPM, Q1 EPS of $0.03 per share is a penny under two-analyst call expecting $0.04 per share profit. Revenue falls 6.9% compared with last year to $12.73 mln, missing the $13.76 mln consensus. Lowers FY17 EPS outlook to new range of $0.16 to 0.18, trailing Street view by $0.03 per share. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""S&P Global Inks Deal with Thomson Reuters to Boost Portfolio S&P Global Inc.SPGI recently inked a strategic data agreement with business news provider, Thomson Reuters Corporation TRI to expand its product portfolio. The collaboration is likely to benefit customers of both the companies. According to the terms of the agreement, S&P Global Market Intelligence (a division of S&P Global) will provide transcript coverage of public as well as private companies to Thomson Reuters' users for enhanced data analysis. This includes complete coverage of firms in the S&P 500 and other leading stock market indices. The transcripts and events data will be delivered in a machine-readable format through its EDA (Event Driven Alerts) platform. In addition, S&P Global Market Intelligence will also deliver final transcript documents and historical events data through Xpressfeed - S&P Global's flagship feed delivery platform. The company will perform extensive quality checks for higher accuracy and timeliness for all transcript data, covering earnings conference calls, guidance/update calls, sales/trading calls, special calls, shareholder/analyst days and annual board meetings. S&P Global started 2017 on an impressive note with impressive top line and bottom-line results. The company has outperformed the Business Information Services industry over the past three months with an average return of 8.7% compared with a gain of 3.5% for the latter. Maintaining its earnings beat streak for the 22nd straight quarter, S&P Global reported first-quarter 2017 adjusted earnings per share of $1.62, comfortably beating the Zacks Consensus Estimate of $1.40. Earnings were also up 35% compared with the year-earlier quarter tally of $1.20. Impressive bottom-line growth came on the back of robust organic revenue growth, diligent expense control measures and strategic share repurchases. Revenues for the quarter were $1,453 million compared with $1,341 million in the year-ago quarter. The top line beat the Zacks Consensus Estimate of $1,388 million. Top-line growth was fuelled by outstanding performance of the company's Global Ratings segment. Also, impressive performance of the S&P Dow Jones Indices business supplemented the growth. We believe that the company's strategic portfolio restructuring and focus on core business will continue to drive growth, going forward. This apart, strategic acquisitions and positive industry trends will likely continue benefiting the Zacks Rank #2 (Buy) stock. A couple of other top stocks in the industry include CoStar Group, Inc. CSGP and EPAM Systems, Inc. EPAM , both carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . CoStar Group has a healthy long-term earnings growth expectation of 17.5%. It reported a trailing four quarter average positive earnings surprise of 11.3%. EPAM Systems has a solid long-term earnings growth expectation of 20%. It delivered a trailing four quarter average positive earnings surprise of 3.2%. Looking for Ideas with Even Greater Upside? Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Thomson Reuters Corp (TRI): Free Stock Analysis Report S&P Global Inc. (SPGI): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report EPAM Systems, Inc. (EPAM): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Amdocs (DOX) Beats Q2 Earnings Estimates, Guidance Revised Business software & services provider Amdocs LimitedDOX reported relatively healthy second-quarter fiscal 2017 results with modest year-over-year increase in revenues and earnings. GAAP earnings for the quarter improved to $112.6 million or 76 cents a share from $107.7 million or 71 cents per share in the year-earlier quarter. Non-GAAP earnings were $139.2 million or 94 cents per share compared with $140.2 million or 92 cents in the year-ago quarter. Adjusted earnings for the reported quarter were 88 cents per share, which beat the Zacks Consensus Estimate by a penny. Quarterly Performance Amdocs' total revenue came in at $966.0 million, up 4.3% year over year. The improvement resulted from impressive execution across multiple dimensions of its business and continuous project wins. The top line exceeded the Zacks Consensus Estimate of $962 million. The company's 12-month order backlog at the end of the fiscal second quarter was $3.21 billion, up $30 million from the prior quarter. Amdocs Limited Price, Consensus and EPS Surprise Amdocs Limited Price, Consensus and EPS Surprise | Amdocs Limited Quote Non-GAAP operating income was approximately $166.0 million compared with $158.0 million in the year-ago quarter. Non-GAAP operating margin for the quarter was 17.2%, up 10 basis points year over year. Segmental Results Managed Service revenues totaled $511.1 million compared with $501.1 million in the year-earlier quarter. Customer Experience revenues improved to $948.6 million from $902.3 million in the year-ago quarter. Systems Directory revenues were $17.4 million, down from $23.6 million in the prior-year quarter. Geographically, revenues from North America were $636.3 million, up 8.5% year over year. Revenues from Europe decreased to $115.4 million from $139.2 million in the prior-year quarter while that from the Rest of the World increased to $214.3 million from $200.3 million. Liquidity At the quarter end, cash, cash equivalents and short-term interest-bearing investments were $1,149.5 million. Cash flow from operations for the first half of fiscal 2017 was $275.4 million compared with $316.7 million in the year-ago period. The company repurchased $80 million worth of shares during the quarter. Updated Guidance For fiscal 2017, Amdocs updated its guidance on favorable growth dynamics and strength in the business model. The company currently expects revenues to be up 3-5% year over year compared with the earlier projection of 1.5-5.5% growth. The company remains on track to deliver non-GAAP earnings per share (EPS) growth of 4.5-8.5%. For third-quarter fiscal 2017, management expects revenues in the range of $945-$985 million. EPS on a GAAP basis is expected between 69 cents and 77 cents while non-GAAP EPS is projected in the 93-99 cents range. Zacks Rank & Stocks to Consider Currently, Amdocs carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include CSRA Inc. CSRA , CoStar Group, Inc. CSGP and EPAM Systems, Inc. EPAM , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . CSRA has a decent long-term earnings growth expectation of 10%. It delivered a trailing four quarter average positive earnings surprise of 10.3%. CoStar Group has a healthy long-term earnings growth expectation of 17.5%. It reported a trailing four quarter average positive earnings surprise of 11.3%. EPAM Systems has a solid long-term earnings growth expectation of 20%. It reported a trailing four quarter average positive earnings surprise of 3.2%. Looking for Ideas with Even Greater Upside? Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report EPAM Systems, Inc. (EPAM): Free Stock Analysis Report CSRA Inc. (CSRA): Free Stock Analysis Report Amdocs Limited (DOX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2017-05-11,25.254,25.388,25.001,25.275,
CSGP,2017-05-12,25.216,25.253,25.07,25.213,
CSGP,2017-05-15,25.313,25.725,25.23,25.563,
CSGP,2017-05-16,25.696,25.696,25.452,25.562,
CSGP,2017-05-17,25.312,25.366,25.019,25.081,
CSGP,2017-05-18,24.971,25.556,24.957,25.175,
CSGP,2017-05-19,25.276,25.535,25.257,25.375,
CSGP,2017-05-22,25.449,26.051,25.449,25.836,"Amdocs Remains Poised for Long-Term Growth Despite Risks On May 22, we issued an updated research report on business software & services provider Amdocs LimitedDOX . Formed in 1982, Amdocs is a leading provider of customer relationship management and billing software to communications service providers. Amdocs performed relatively well in the second quarter of fiscal 2017, with revenues improving on a year-over-year basis due to solid execution across multiple dimensions of its business and continuous project wins. GAAP earnings for the quarter also improved to $112.6 million or 76 cents a share from $107.7 million or 71 cents per share in the year-earlier quarter. For fiscal 2017, Amdocs further updated its guidance on favorable growth dynamics and strength in the business model. The company expects revenues to be up 3-5% year over year compared with the earlier projection of a rise of 1.5-5.5%. The company remains on track to deliver non-GAAP earnings per share growth of 4.5-8.5%. This augurs well for the long-term growth of the company. Amdocs continues to boost shareholders' wealth by continuously repurchasing shares and paying regular dividends to its shareholders. Moreover, the company has increased its quarterly dividend by 12.8% to 22 cents per share. With a diligent execution of operational plans, Amdocs has outperformed the Zacks categorized IT Services industry in the last three months with an average return of 6.1% as against a 1.4% loss for the latter. The company introduced a new digital customer management and commerce platform called Optima which can monetize any product or service and support the full business lifecycle. The product mainly targets midsized communication businesses and digital firms. Seaborne Networks, which develops and operates submarine fiber optic cable systems, has selected Optima in a seven year managed services contract. The company also launched Amdocs Omni-Channel Experience integrated with Google's mobile data application program interface. Moving forward, the innovative products are likely to boost the top-line in the coming quarters. However, Amdocs is exposed to foreign currency exchange rate risk with significant international operations. The company is also investing heavily in the emerging markets in order to boost sales, which may lead to a drop in margins. Even in the developed markets, management has decided to undertake a series of programs including training, knowledge transfer, and productivity enhancement to cope with recessionary situations. All these activities are likely to result in bottom-line shrinkage. Nevertheless, we remain impressed with the inherent growth potential of this Zacks Rank #2 (Buy) stock. Other stocks worth reckoning in the industry include EPAM Systems, Inc. EPAM , CoStar Group, Inc. CSGP and MAM Software Group, Inc. MAMS , each carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . EPAM has a long-term earnings growth expectation of 20%. It topped estimates thrice in the trailing four quarters with an average positive earnings surprise of 3.2%. CoStar Group has a long-term earnings growth expectation of 17.5%. It surpassed estimates in each of the trailing four quarters with an average positive earnings surprise of 11.3%. MAM Software surpassed estimates thrice in the trailing four quarters with an average positive earnings surprise of 92.9%. Zacks' 2017 IPO Watch List Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time. One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report EPAM Systems, Inc. (EPAM): Free Stock Analysis Report MAM Software Group, Inc. (MAMS): Free Stock Analysis Report Amdocs Limited (DOX): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-05-23,25.901,25.901,25.49,25.6,
CSGP,2017-05-24,25.683,25.883,25.444,25.8,
CSGP,2017-05-25,25.841,26.031,25.771,25.952,
CSGP,2017-05-26,25.862,25.975,25.66,25.896,
CSGP,2017-05-30,25.915,26.07,25.694,25.941,
CSGP,2017-05-31,26.001,26.212,25.796,26.157,
CSGP,2017-06-01,26.131,26.746,25.778,26.216,
CSGP,2017-06-02,26.179,26.272,26.048,26.223,
CSGP,2017-06-05,26.195,26.474,26.092,26.144,
CSGP,2017-06-06,26.047,26.183,25.78,25.83,
CSGP,2017-06-07,25.959,26.079,25.774,25.973,
CSGP,2017-06-08,25.998,26.348,25.318,26.289,"[""S&P Global Hits New 52-Week High on Strong Growth Drivers"", ""S&P Global Hits New 52-Week High on Strong Growth Drivers Shares of business services provider S&P Global Inc.SPGI hit a new 52-week high of $193.50 on Jun 7, before closing the trading session considerably lower at $146.01, for a healthy year-to-date return of 35.8%. S&P Global's share price has been on a steady uptrend since Jan 1. In the last one month, the stock has been on a significant uptrend. Owing to its strong price appreciation, this stock carries a Zacks Rank #2 (Buy). The stock currently has a long-term earnings growth expectation of 12.33%. Growth Drivers S&P Global is focusing on its core business, which is helping it emerge as a leader among rating providers, benchmark providers and analytics in the global capital as well as commodity markets. It completed several business divestitures in third-quarter 2016 including the sale of J.D. Power, its two pricing businesses SPSE and CMA, and the equity research business. The impact of these divestitures was seen in its first-quarter results as well. The company completed the acquisition of SNL Financial for $2.2 billion. It is a strategic fit for S&P Global as its business is in sync with the S&P Capital IQ and Platts businesses, which will help the company avail cost cuts and revenue synergies. Moreover, it will enable global expansion on a greater scale especially within the banking and insurance sectors as media and real estate areas emerge as new opportunities. The acquisition will generate synergies of $70 million of EBITDA (earnings before interest, tax, depreciation and amortization) by 2019 and a tax benefit (net present value) of $550 million. It will also be accretive to adjusted earnings per share in 2017 and earnings on a GAAP basis in 2018. SNL Financial delivered consistent mid-teens revenue growth for the last 10 years. Also, the company's subscription-based revenue model with high renewal rates and strong future revenue visibility bodes well for S&P Global. The company has outperformed the Business Information Services industry over the past three months with an average return of 11.4% compared with a gain of 4% for the latter. S&P Global has been consistently impressing investors with its earnings performance over the last 16 quarters. It reported better-than-expected earnings in the first quarter as well, posting an earnings beat of 15.7%. On May 9, the company inked a strategic data agreement with business news provider, Thomson Reuters Corporation TRI to expand its product portfolio. The collaboration is likely to benefit customers of both the companies. According to the terms of the agreement, S&P Global Market Intelligence (a division of S&P Global) will provide transcript coverage of public as well as private companies to Thomson Reuters' users for enhanced data analysis. This includes complete coverage of firms in the S&P 500 and other leading stock market indices. Other Stocks to Consider A couple stocks in the industry worth considering include CoStar Group, Inc. CSGP and EPAM Systems, Inc. EPAM , both carrying a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . CoStar Group has a healthy long-term earnings growth expectation of 17.5%. It reported a trailing four quarter average positive earnings surprise of 11.3%. EPAM Systems has a solid long-term earnings growth expectation of 20%. It delivered a trailing four quarter average positive earnings surprise of 3.2%. 3 Top Picks to Ride the Hottest Tech Trend Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy... Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce \""the world's first trillionaires,\"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Thomson Reuters Corp (TRI): Free Stock Analysis Report S&P Global Inc. (SPGI): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report EPAM Systems, Inc. (EPAM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""S&P Global Hits New 52-Week High on Strong Growth Drivers""]"
CSGP,2017-06-09,26.315,26.36,24.98,25.255,
CSGP,2017-06-12,25.191,25.191,24.362,24.861,
CSGP,2017-06-13,25.009,25.039,24.815,24.998,
CSGP,2017-06-14,25.12,25.376,24.997,25.303,
CSGP,2017-06-15,25.33,25.33,24.757,25.134,
CSGP,2017-06-16,25.216,25.801,25.212,25.631,
CSGP,2017-06-19,25.862,26.094,24.276,26.047,
CSGP,2017-06-20,26.001,26.143,25.794,26.104,
CSGP,2017-06-21,26.157,26.399,25.604,25.869,
CSGP,2017-06-22,25.819,26.221,25.532,26.144,"[""CSRA Down to Strong Sell, Doubt over NSA &TSA Deal Prevails"", ""CSRA Down to Strong Sell, Doubt over NSA &TSA Deal Prevails"", ""CSRA Down to Strong Sell, Doubt over NSA &TSA Deal Prevails On Jun 22, CSRA Inc.CSRA was downgraded to a Zacks Rank #5 (Strong Sell). Going by the Zacks model, companies carrying a Zacks Rank #5 are likely to underperform the broader market in the next one to three months. Revenue concentration, budgetary constraints, uncertainty related to significant contract renewals and leveraged balance sheet are major concerns for CSRA. Why the Downgrade? We note that the National Security Administration's (NSA) Groundbreaker program and the Transportation Security Administration's (TSA) Information Technology Infrastructure program that comprise two crucial government programs (making up about 10% of company revenue) are going up for re-compete this year. Hence, the uncertainty over the renewals of TSA and NSA contracts are potential headwinds to CSRA's industry leading margins, especially as the competition becomes more intense. Additionally, the delay in awarding the C4ISR systems contract and slow ramp up of the Office of Personnel Management (OPM) background investigations contract has impacted top-line growth in the last reported quarter. Moreover, we expect sluggishness in award procurement to continue in the near term (over the next two quarters), due to numerous ongoing transitions within the Trump administration. Furthermore, revenue concentration is a major risk for CSRA. In fiscal 2017, 94% of revenues came from sales to the U.S. federal government either as a prime contractor or subcontractor. Due to this massive dependence, any adverse changes in government's IT spending budget could mar the top-line growth. Further, CSRA's leveraged balance sheet adds to the risk of investing in the company. As of Mar 31, 2017, the company had total debt (including the current portion) of $2.58 billion. Meanwhile, it just had $126 million as cash and cash equivalents as of Mar 31, 2017. On May 24, 2017, CSRA reported fourth-quarter fiscal 2017 results wherein earnings of 49 cents beat the Zacks Consensus Estimate while revenues of $1.25 billion missed the same. On a year over year basis, revenues fell 3%. Also, revenues for the full fiscal were down 4% year over year to $4.99 billion. Consequently, the company has been seeing downward estimate revisions. In the last 30 days, the Zacks Consensus Estimate for fiscal 2018 declined 4.4% (9 cents) to $1.95 per share while that for fiscal 2019 dropped 2.3% (5 cents) to $2.13 a share. CSRA Inc. Price and Consensus CSRA Inc. Price and Consensus | CSRA Inc. Quote We also note that CSRA's share price movement has been dismal in the past six months. Shares have gained a meager 0.2% compared with the Zacks categorized Computers - IT Services industry's increase of 11.2%. Stocks to Consider Better-ranked stocks in the broader tech space include EPAM Systems, Inc. EPAM , CoStar Group, Inc. CSGP and MAM Software Group, Inc. MAMS . EPAM Systems sports a Zacks Rank #1 (Strong Buy), while both CoStar Group and MAM Software Group carry Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. In the trailing four quarters, EPAM Systems, CoStar Group and MAM Software Group delivered average positive earnings surprises of 3.24%, 11.34% and 92.86% respectively. Looking for Ideas with Even Greater Upside? Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report EPAM Systems, Inc. (EPAM): Free Stock Analysis Report CSRA Inc. (CSRA): Free Stock Analysis Report MAM Software Group, Inc. (MAMS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CSRA Down to Strong Sell, Doubt over NSA &TSA Deal Prevails""]"
CSGP,2017-06-23,26.269,26.723,26.155,26.693,"[""Quality Stocks in Gurus' Portfolios"", ""Quality Stocks in Gurus' Portfolios"", ""Quality Stocks in Gurus' Portfolios""]"
CSGP,2017-06-26,26.726,26.878,26.368,26.394,
CSGP,2017-06-27,26.335,26.64,26.234,26.278,
CSGP,2017-06-28,26.22,26.672,26.161,26.543,
CSGP,2017-06-29,26.493,26.493,25.614,25.98,
CSGP,2017-06-30,25.94,26.429,25.94,26.36,
CSGP,2017-07-03,26.495,26.53,26.048,26.36,
CSGP,2017-07-05,26.486,26.901,26.465,26.681,
CSGP,2017-07-06,26.506,26.765,26.336,26.603,
CSGP,2017-07-07,26.639,27.12,25.905,27.08,"[""Independence Advisors, LLC Buys CoStar Group Inc, Dollar General Corp, Raytheon Co, Sells ..."", ""Independence Advisors, LLC Buys CoStar Group Inc, Dollar General Corp, Raytheon Co, Sells ..."", ""Independence Advisors, LLC Buys CoStar Group Inc, Dollar General Corp, Raytheon Co, Sells ... Independence Advisors, LLC New Purchases: CSGP , DG , RTN , BR, PG, AWR, PRLB, BK, FB, SNA, Added Positions:RPM, MMM, Reduced Positions:RAI, FRBK, Sold Out:VTV, VUG, IWF, EFA, BIV, IWD, IVW, SUB, VEA, EFV, For the details of Independence Advisors, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Independence+Advisors%2C+LLC These are the top 5 holdings of Independence Advisors, LLC CoStar Group Inc ( CSGP ) - 334,897 shares, 16.5% of the total portfolio. New Position Dollar General Corp ( DG ) - 237,967 shares, 15.42% of the total portfolio. New Position Raytheon Co ( RTN ) - 437,894 shares, 14.57% of the total portfolio. New Position Broadridge Financial Solutions Inc ( BR ) - 248,502 shares, 10.72% of the total portfolio. New Position Procter & Gamble Co ( PG ) - 109,218 shares, 6.49% of the total portfolio. New Position New Purchase: CoStar Group Inc ( CSGP ) Independence Advisors, LLC initiated holdings in CoStar Group Inc. The purchase prices were between $204.52 and $266.93, with an estimated average price of $242.32. The stock is now traded at around $269.99. The impact to the portfolio due to this purchase was 16.5%. The holdings were 334,897 shares as of 2017-06-30. New Purchase: Dollar General Corp ( DG ) Independence Advisors, LLC initiated holdings in Dollar General Corp. The purchase prices were between $68.35 and $78.91, with an estimated average price of $71.99. The stock is now traded at around $70.26. The impact to the portfolio due to this purchase was 15.42%. The holdings were 237,967 shares as of 2017-06-30. New Purchase: Raytheon Co ( RTN ) Independence Advisors, LLC initiated holdings in Raytheon Co. The purchase prices were between $149.95 and $164.26, with an estimated average price of $158.35. The stock is now traded at around $165.76. The impact to the portfolio due to this purchase was 14.57%. The holdings were 437,894 shares as of 2017-06-30. New Purchase: Broadridge Financial Solutions Inc ( BR ) Independence Advisors, LLC initiated holdings in Broadridge Financial Solutions Inc. The purchase prices were between $66.66 and $77.65, with an estimated average price of $72.06. The stock is now traded at around $75.17. The impact to the portfolio due to this purchase was 10.72%. The holdings were 248,502 shares as of 2017-06-30. New Purchase: Procter & Gamble Co ( PG ) Independence Advisors, LLC initiated holdings in Procter & Gamble Co. The purchase prices were between $85.87 and $90.8, with an estimated average price of $88.19. The stock is now traded at around $87.63. The impact to the portfolio due to this purchase was 6.49%. The holdings were 109,218 shares as of 2017-06-30. New Purchase: American States Water Co (AWR) Independence Advisors, LLC initiated holdings in American States Water Co. The purchase prices were between $43.29 and $49.94, with an estimated average price of $45.92. The stock is now traded at around $47.28. The impact to the portfolio due to this purchase was 5.82%. The holdings were 83,349 shares as of 2017-06-30. Added: RPM International Inc (RPM) Independence Advisors, LLC added to the holdings in RPM International Inc by 628.26%. The purchase prices were between $49.94 and $56.01, with an estimated average price of $53.48. The stock is now traded at around $55.06. The impact to the portfolio due to this purchase was 1.6%. The holdings were 29,451 shares as of 2017-06-30. Added: 3M Co (MMM) Independence Advisors, LLC added to the holdings in 3M Co by 75.22%. The purchase prices were between $188.65 and $213.36, with an estimated average price of $199.74. The stock is now traded at around $209.51. The impact to the portfolio due to this purchase was 0.06%. The holdings were 2,150 shares as of 2017-06-30. Sold Out: Vanguard Value ETF - DNQ (VTV) Independence Advisors, LLC sold out the holdings in Vanguard Value ETF - DNQ. The sale prices were between $93.72 and $98, with an estimated average price of $95.68. Sold Out: Vanguard Growth ETF - DNQ (VUG) Independence Advisors, LLC sold out the holdings in Vanguard Growth ETF - DNQ. The sale prices were between $120.3 and $129.67, with an estimated average price of $125.56. Sold Out: iShares Russell 1000 Growth (IWF) Independence Advisors, LLC sold out the holdings in iShares Russell 1000 Growth. The sale prices were between $112.48 and $121.1, with an estimated average price of $117.37. Sold Out: iShares MSCI EAFE (EFA) Independence Advisors, LLC sold out the holdings in iShares MSCI EAFE. The sale prices were between $61.44 and $67.22, with an estimated average price of $64.64. Sold Out: Vanguard Intermediate-Term Bond (BIV) Independence Advisors, LLC sold out the holdings in Vanguard Intermediate-Term Bond. The sale prices were between $83.57 and $85.22, with an estimated average price of $84.49. Sold Out: iShares Russell 1000 Value (IWD) Independence Advisors, LLC sold out the holdings in iShares Russell 1000 Value. The sale prices were between $112.89 and $117.41, with an estimated average price of $115.06. Reduced: Reynolds American Inc (RAI) Independence Advisors, LLC reduced to the holdings in Reynolds American Inc by 63.57%. The sale prices were between $62.91 and $67.73, with an estimated average price of $65.27. The stock is now traded at around $64.64. The impact to the portfolio due to this sale was -0.09%. Independence Advisors, LLC still held 1,880 shares as of 2017-06-30. Reduced: Republic First Bancorp Inc (FRBK) Independence Advisors, LLC reduced to the holdings in Republic First Bancorp Inc by 99.38%. The sale prices were between $8 and $9.85, with an estimated average price of $8.88. The stock is now traded at around $9.40. The impact to the portfolio due to this sale was -0.07%. Independence Advisors, LLC still held 127 shares as of 2017-06-30. Warning! GuruFocus has detected 6 Warning Sign with RPM. Click here to check it out. RPM 15-Year Financial Data The intrinsic value of RPM Peter Lynch Chart of RPM Premium Members This article first appeared on GuruFocus . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Independence Advisors, LLC Buys CoStar Group Inc, Dollar General Corp, Raytheon Co, Sells ...""]"
CSGP,2017-07-10,27.101,27.435,26.974,27.388,
CSGP,2017-07-11,27.399,27.728,26.802,27.545,
CSGP,2017-07-12,27.711,27.83,27.163,27.354,
CSGP,2017-07-13,27.37,27.494,27.155,27.3,
CSGP,2017-07-14,27.424,27.424,27.114,27.162,
CSGP,2017-07-17,27.181,27.311,26.822,27.064,
CSGP,2017-07-18,27.087,27.342,27.087,27.299,
CSGP,2017-07-19,27.434,28.032,27.434,27.878,
CSGP,2017-07-20,27.919,27.992,27.493,27.786,
CSGP,2017-07-21,27.75,27.943,27.566,27.7,
CSGP,2017-07-24,27.698,28.143,27.629,27.882,"Riverbridge Partners Llc Buys Evolent Health Inc, Alarm. ... Riverbridge Partners Llc New Purchases: EVH , ALRM , WST , GLOB, ADI, TDOC, TYL, WSO, CNO, Added Positions:VRSK, WAGE, RBA, CVGW, HSIC, IVV, HRL, Reduced Positions:CGNX, SRCL, HEI, NEOG, VEEV, LOPE, QCOM, PDCO, CSGP, UNFI, Sold Out:ZLTQ, VXF, VAL, FDX, NEE, XOM, For the details of RIVERBRIDGE PARTNERS LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=RIVERBRIDGE+PARTNERS+LLC These are the top 5 holdings of RIVERBRIDGE PARTNERS LLC National Instruments Corp ( NATI ) - 5,566,077 shares, 4.3% of the total portfolio. Shares reduced by 2.54% Grand Canyon Education Inc ( LOPE ) - 2,479,209 shares, 3.73% of the total portfolio. Shares reduced by 10.19% CoStar Group Inc ( CSGP ) - 595,500 shares, 3.02% of the total portfolio. Shares reduced by 11.1% The Ultimate Software Group Inc ( ULTI ) - 727,149 shares, 2.93% of the total portfolio. Shares reduced by 2.21% athenahealth Inc ( ATHN ) - 1,033,842 shares, 2.79% of the total portfolio. Shares reduced by 2.2% New Purchase: Evolent Health Inc (EVH) Riverbridge Partners Llc initiated holdings in Evolent Health Inc. The purchase prices were between $21 and $27.35, with an estimated average price of $24. The stock is now traded at around $25.95. The impact to the portfolio due to this purchase was 1.13%. The holdings were 2,322,594 shares as of 2017-06-30. New Purchase: Alarm.com Holdings Inc (ALRM) Riverbridge Partners Llc initiated holdings in Alarm.com Holdings Inc. The purchase prices were between $30.23 and $38.06, with an estimated average price of $33.39. The stock is now traded at around $37.88. The impact to the portfolio due to this purchase was 0.98%. The holdings were 1,352,602 shares as of 2017-06-30. New Purchase: West Pharmaceutical Services Inc (WST) Riverbridge Partners Llc initiated holdings in West Pharmaceutical Services Inc. The purchase prices were between $78.61 and $99.44, with an estimated average price of $91.77. The stock is now traded at around $93.07. The impact to the portfolio due to this purchase was 0.93%. The holdings were 511,423 shares as of 2017-06-30. New Purchase: Globant SA (GLOB) Riverbridge Partners Llc initiated holdings in Globant SA. The purchase prices were between $33.83 and $43.94, with an estimated average price of $38.55. The stock is now traded at around $45.14. The impact to the portfolio due to this purchase was 0.83%. The holdings were 994,002 shares as of 2017-06-30. New Purchase: Analog Devices Inc (ADI) Riverbridge Partners Llc initiated holdings in Analog Devices Inc. The purchase prices were between $75.51 and $85.76, with an estimated average price of $79.52. The stock is now traded at around $78.91. The impact to the portfolio due to this purchase was 0.46%. The holdings were 309,180 shares as of 2017-06-30. New Purchase: Teladoc Inc (TDOC) Riverbridge Partners Llc initiated holdings in Teladoc Inc. The purchase prices were between $22.85 and $36.15, with an estimated average price of $28.98. The stock is now traded at around $34.10. The impact to the portfolio due to this purchase was 0.45%. The holdings were 674,125 shares as of 2017-06-30. Added: Verisk Analytics Inc (VRSK) Riverbridge Partners Llc added to the holdings in Verisk Analytics Inc by 42.86%. The purchase prices were between $76.75 and $84.06, with an estimated average price of $80.9. The stock is now traded at around $86.29. The impact to the portfolio due to this purchase was 0.46%. The holdings were 956,153 shares as of 2017-06-30. Added: WageWorks Inc (WAGE) Riverbridge Partners Llc added to the holdings in WageWorks Inc by 60.52%. The purchase prices were between $66.4 and $74.55, with an estimated average price of $71.15. The stock is now traded at around $64.65. The impact to the portfolio due to this purchase was 0.34%. The holdings were 694,024 shares as of 2017-06-30. Added: Calavo Growers Inc (CVGW) Riverbridge Partners Llc added to the holdings in Calavo Growers Inc by 59.89%. The purchase prices were between $60.35 and $76.15, with an estimated average price of $67.17. The stock is now traded at around $73.15. The impact to the portfolio due to this purchase was 0.28%. The holdings were 559,857 shares as of 2017-06-30. Added: iShares Core S&P 500 (IVV) Riverbridge Partners Llc added to the holdings in iShares Core S&P 500 by 37.67%. The purchase prices were between $234.03 and $247.39, with an estimated average price of $241.23. The stock is now traded at around $248.12. The impact to the portfolio due to this purchase was 0.01%. The holdings were 4,510 shares as of 2017-06-30. Added: Hormel Foods Corp (HRL) Riverbridge Partners Llc added to the holdings in Hormel Foods Corp by 67.51%. The purchase prices were between $33.12 and $35.43, with an estimated average price of $34.46. The stock is now traded at around $33.22. The impact to the portfolio due to this purchase was less than 0.01%. The holdings were 9,808 shares as of 2017-06-30. Sold Out: ZELTIQ Aesthetics Inc (ZLTQ) Riverbridge Partners Llc sold out the holdings in ZELTIQ Aesthetics Inc. The sale prices were between $55.61 and $56.5, with an estimated average price of $56.28. Sold Out: Vanguard Extended Market ETF - DNQ (VXF) Riverbridge Partners Llc sold out the holdings in Vanguard Extended Market ETF - DNQ. The sale prices were between $97.78 and $103.21, with an estimated average price of $100.77. Sold Out: The Valspar Corp (VAL) Riverbridge Partners Llc sold out the holdings in The Valspar Corp. The sale prices were between $110.94 and $112.99, with an estimated average price of $112.14. Sold Out: FedEx Corp (FDX) Riverbridge Partners Llc sold out the holdings in FedEx Corp. The sale prices were between $183.56 and $217.33, with an estimated average price of $197.13. Sold Out: Exxon Mobil Corp (XOM) Riverbridge Partners Llc sold out the holdings in Exxon Mobil Corp. The sale prices were between $79.5 and $83.49, with an estimated average price of $81.84. Sold Out: NextEra Energy Inc (NEE) Riverbridge Partners Llc sold out the holdings in NextEra Energy Inc. The sale prices were between $128.37 and $144.23, with an estimated average price of $136.56. Warning! GuruFocus has detected 2 Warning Sign with VRSK. Click here to check it out. VRSK 15-Year Financial Data The intrinsic value of VRSK Peter Lynch Chart of VRSK Premium Members This article first appeared on GuruFocus . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-07-25,27.951,28.26,27.769,28.197,
CSGP,2017-07-26,28.187,28.345,28.005,28.132,"[""CoStar Raises Outlook"", ""CoStar Reports Q2 Adj. EPS $0.86 May Not Compare To $0.63 Est., Sales $237M vs $234.5M Est."", ""CoStar Raises FY17 Adj. EPS Outlook From $4.18-$4.28 To $4.42-$4.52 vs $4.37 Est."", ""CoStar Sees Q3 Adj. EPS $1.09-$1.15 vs $1.20 Est."", ""CoStar Sees Q3 Adj. EPS $1.09-$1.15 vs $1.20 Est."", ""CoStar Raises FY17 Adj. EPS Outlook From $4.18-$4.28 To $4.42-$4.52 vs $4.37 Est."", ""CoStar Raises Outlook"", ""CoStar Reports Q2 Adj. EPS $0.86 May Not Compare To $0.63 Est., Sales $237M vs $234.5M Est."", ""CoStar Sees Q3 Adj. EPS $1.09-$1.15 vs $1.20 Est."", ""CoStar Raises FY17 Adj. EPS Outlook From $4.18-$4.28 To $4.42-$4.52 vs $4.37 Est."", ""CoStar Raises Outlook"", ""CoStar Reports Q2 Adj. EPS $0.86 May Not Compare To $0.63 Est., Sales $237M vs $234.5M Est.""]"
CSGP,2017-07-27,28.44,28.447,27.214,27.445,"Strange: Bullish CSGP Analysts Actually See -2.65% Downside Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with CoStar Group, Inc. (Symbol: CSGP). The average 12-month price target for CSGP - averaging the work of 7 analysts - reveals an average price target of $273.86/share. That's a whopping -2.65% below where CSGP has been trading recently at $281.32/share. With this kind of downside potential (should CSGP fall to that price target), one might expect to see a high concentration of ""hold"" or even ""sell"" ratings on the stock. Yet, take a look at the bullishness: The average rating presented in the last row of the table above is from 1 to 5, where 1 would be a consensus Strong Buy and 5 would be a consensus Strong Sell. In the middle, 3 would be a Hold. So anything below 3 leans toward Buy as the average analyst sentiment. The average rating of 1.13 for CSGP leans strongly towards the bullish end of the spectrum, yet the CSGP price target paints a different picture. Clearly, there is something more to the story here that is worth investigating for investors looking at CoStar Group, Inc. Of course, the average price target is just that - a mathematical average, and is only one metric. There are analysts with higher targets than the average, including one looking for a price of $310.00. And then on the other side of the spectrum one analyst has a target as low as $242.00. The standard deviation is $24.34. But the whole reason to look at the average in the first place is to tap into a ""wisdom of crowds"" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes - much like with guessing the number of jelly beans in a jar, where the average guess tends to be very close. And so with CSGP trading so far above that average target price of $273.86/share, the -2.65% downside to that average target does seem to be a paradox against the bullish analyst ratings. Might analysts be behind the curve with their targets and upward adjustments are forthcoming? Or, is it time for some of these analysts to turn bearish and downgrade on valuation? One thing is for sure: this apparent paradox makes for a good ""signal"" to investors in CSGP to spend fresh time assessing the company and deciding whether analysts have it right with their sentiment, or have it right with their price target for CoStar Group, Inc. This article used data provided by Zacks Investment Research via Quandl.com . Get the latest Zacks research report on CSGP - FREE . The Top 25 Broker Analyst Picks of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-07-28,27.464,28.313,27.019,27.421,
CSGP,2017-07-31,27.456,27.802,27.058,27.555,
CSGP,2017-08-01,27.68,27.726,27.37,27.525,"New Strong Buy Stocks for August 1st Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: AVX Corporation (AVX): This manufacturer and supplier and reseller of a line of passive electronic components has witnessed the Zacks Consensus Estimate for its current year earnings gaining 2.6% over the last 30 days. AVX Corporation Price and Consensus AVX Corporation Price and Consensus | AVX Corporation Quote Barnes Group Inc . (B): This industrial and aerospace manufacturer and service provider has seen the Zacks Consensus Estimate for its current year earnings increasing 3.7% over the last 30 days. Barnes Group, Inc. Price and Consensus Barnes Group, Inc. Price and Consensus | Barnes Group, Inc. Quote Churchill Downs, Inc . (CHDN): This racing, gaming and online entertainment company has witnessed the Zacks Consensus Estimate for its current year earnings advancing 2.9% over the last 30 days. Churchill Downs, IncorporatedPriceand Consensus Churchill Downs, Incorporated Price and Consensus | Churchill Downs, Incorporated Quote CoStar Group Inc (CSGP): This provider of information, analytics and online marketplaces to the commercial real estate and related business community has seen the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 30 days. CoStar Group, Inc. Price and Consensus CoStar Group, Inc. Price and Consensus | CoStar Group, Inc. Quote Edwards Lifesciences Corp (EW): This manufacturer of heart valve systems and repair products has witnessed the Zacks Consensus Estimate for its current year earnings surging 7.3% over the last 30 days. Edwards Lifesciences Corporation Price and Consensus Edwards Lifesciences Corporation Price and Consensus | Edwards Lifesciences Corporation Quote You can see t he complete list of today's Zacks #1 Rank (Strong Buy) stocks here Zacks' 2017 IPO Watch List Before looking into the stocks mentioned above, you may want to get a head start on potential tech IPOs that are popping up on Zacks' radar. Imagine being in the first wave of investors to jump on a company with almost unlimited growth potential? This Special Report gives you the current scoop on 5 that may go public at any time. One has driven from 0 to a $68 billion valuation in 8 years. Four others are a little less obvious but already show jaw-dropping growth. Download this IPO Watch List today for free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Edwards Lifesciences Corporation (EW): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Churchill Downs, Incorporated (CHDN): Free Stock Analysis Report Barnes Group, Inc. (B): Free Stock Analysis Report AVX Corporation (AVX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-08-02,27.55,27.58,27.011,27.357,"[""Unisys (UIS) Badly Misses Q2 Earnings on Lower Revenues"", ""Unisys (UIS) Badly Misses Q2 Earnings on Lower Revenues"", ""Unisys (UIS) Badly Misses Q2 Earnings on Lower Revenues Unisys CorporationUIS reported second-quarter 2017 GAAP loss of $42 million or loss of 83 cents per share against net income of $21.6 million or 36 cents per share in the year-earlier quarter. The deterioration was primarily due to a decline in revenues. Non-GAAP earnings in the reported quarter were $1.4 million or 3 cents per share compared with $58.2 million or 81 cents per share in the year-ago quarter. Adjusted earnings widely missed the Zacks Consensus Estimate of 37 cents. Inside the Headlines Revenues in the second quarter declined 11% year over year to $666.2 million primarily due to a decline in revenues from both the Services and Technology segments. Reported revenues also missed the Zacks Consensus Estimate of $701.2 million. New business TCV increased 74% year over year in the reported quarter. The company's services backlog remained almost flat sequentially at $3.7 billion. The company closed a $440 million Senior Secured Notes offering during the reported quarter. Unisys Corporation Price, Consensus and EPS Surprise Unisys Corporation Price, Consensus and EPS Surprise | Unisys Corporation Quote Segmental Performance Revenues from the Services segment came in at $574.8 million, down 6.4% year over year. Services gross margin was 14% compared with 17% in the year-ago quarter owing to high investments in the quarter. The Technology segment's revenues declined significantly to $91.4 million from $135.1 million in the year-earlier quarter. Technology gross margin came in at 59% compared with 67% in the year-ago period. Margins The company's quarterly cost of sales was $563.7 million, down 1.2% year over year. Selling general and administrative expenses were $114.2 million compared with $115.7 million in the year-ago quarter. Operating margin for the reported quarter came in at 4%. Balance Sheet/Cash Flow As of Jun 30, 2017, Unisys had $571.1 million in cash and cash equivalents with long-term debt of $629.8 million. For the first half of 2017, capital expenditures were $15.9 million, higher than $11 million in the prior-year quarter. During the quarter, the company utilized $49.2 million cash compared with cash flow of $31.0 million in the year-ago period, resulting in adjusted free cash utilization of $45.7 million compared with adjusted free cash flow of $50.7 million for the respective periods. Outlook Unisys reaffirmed its guidance for full year 2017. The company expects revenues in the range of $2.65-$2.75 billion and adjusted free cash flow of $130-$170 million. Non-GAAP operating profit margin is expected in the range of 7.25-8.25%. Unisys has been restructuring its business to improve profitability. This restructuring strategy includes selling non-core businesses and revamping its sales strategy, while investing in a few higher-growth areas such as outsourcing. We expect the company to continue with its cost-control initiatives and put greater effort towards sales growth, as it strives to overcome operational weaknesses. Notably, during the reported quarter, the company inked several contracts. All these deals are likely to propel top-line growth in the coming quarters. Unisys currently has a Zacks Rank #3 (Hold). Some better-ranked stocks from the same industry are CoStar Group, Inc. CSGP , EPAM Systems, Inc. EPAM and Luxoft Holding, Inc. LXFT . CoStar Group delivered an average positive earnings surprise of 27.59% in the last four quarters. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here . EPAM Systems, with a Zacks Rank #2, delivered an average positive earnings surprise of 3.24% in the last four quarters. Luxoft Holding, with a Zacks Rank #1, came up with an average positive earnings surprise of 1.88% for the last four quarters. More Stock News: Tech Opportunity Worth $386 Billion in 2017 From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Unisys Corporation (UIS): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report EPAM Systems, Inc. (EPAM): Free Stock Analysis Report Luxoft Holding, Inc. (LXFT): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Unisys (UIS) Badly Misses Q2 Earnings on Lower Revenues""]"
CSGP,2017-08-03,27.35,27.567,27.234,27.503,"[""Sperry Commercial Global Affiliates Builds on Market Advantage with New CoStar National License ..."", ""Sperry Commercial Global Affiliates Builds on Market Advantage with New CoStar National License ..."", ""Amdocs (DOX) Beats Q3 Earnings Estimates, Revenues In Line Amdocs Ltd.DOX reported healthy third-quarter fiscal 2017 earnings (on an adjusted basis) of 96 cents a share which topped the Zacks Consensus Estimate of 89 cents. On a GAAP basis, the company's earnings came in at $119.3 million or 81 cents per share compared with $105.1 million or 71 cents in the prior-year quarter. Quarterly Performance Amdocs' total revenue came in at $967 million, up 3.9% year over year. The improvement in revenues resulted from impressive execution across multiple dimensions of its business and continuous project wins. The top line matched the Zacks Consensus Estimate. The company's 12-month order backlog at the end of the fiscal third quarter was $3.22 billion, up $10 million from the prior quarter. Non-GAAP operating income was approximately $167.2 million, up 4.6% year over year. Non-GAAP operating margin for the quarter was 17.3%. Segmental Results Managed Service revenues totaled $496.3 million compared with $479.2 million in the year-ago quarter. Customer Experience revenues were $954.8 million compared with $908.1 million in the year-earlier quarter. Systems Directory revenues were $11.9 million compared with $22 million in the year-ago period. Geographically, revenues from North America were $637.9 million, up 7.8% from the year-ago period. Europe recorded revenues of $125.2 million, down 0.87% year over year. Rest of the World generated revenues of $203.6 million, down 4% year over year. Liquidity Free cash flow for the fiscal third quarter was $134 million. Cash and cash equivalents and short-term interest-bearing investments were $963 million. Cash flow from operations for the first nine months of the fiscal year was $437.1 million. The company repurchased $90 million shares during the fiscal third quarter. Financial Outlook Management expects revenues in the range of $955-$995 million in the fourth-quarter fiscal 2017. Earnings per share (EPS) on a GAAP basis are expected between 68 cents and 76 cents, while non-GAAP EPS are projected in the 91-97 cents range. For fiscal 2017, the company expects to deliver non-GAAP EPS year-over-year growth of 5.5% to 7.5%. Amdocs Limited Price, Consensus and EPS Surprise Amdocs Limited Price, Consensus and EPS Surprise | Amdocs Limited Quote Zacks Rank & Stocks to Consider Currently, Amdocs carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Baozun Inc. BZUN , EPAM Systems, Inc. EPAM and CoStar Group, Inc. CSGP . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Baozun is currently trading at a forward P/E of 54.15x. EPAM Systems has long-term earnings growth expectations of 20%. It beat estimates twice in the trailing four quarters with an average positive surprise of 33.41%. CoStar Group has long-term earnings growth expectations of 15% and is currently trading at a forward P/E of 74.13x. More Stock News: Tech Opportunity Worth $386 Billion in 2017 From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report EPAM Systems, Inc. (EPAM): Free Stock Analysis Report Baozun Inc. (BZUN): Free Stock Analysis Report Amdocs Limited (DOX): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Sperry Commercial Global Affiliates Builds on Market Advantage with New CoStar National License ...""]"
CSGP,2017-08-04,27.531,27.629,27.353,27.473,
CSGP,2017-08-07,27.469,27.851,27.44,27.821,
CSGP,2017-08-08,27.821,28.1,27.56,27.954,
CSGP,2017-08-09,27.975,28.129,27.734,28.118,"[""Top-Rated Stocks: Gartner Sees Composite Rating Climb To 98"", ""Top-Rated Stocks: Gartner Sees Composite Rating Climb To 98"", ""Top-Rated Stocks: Gartner Sees Composite Rating Climb To 98""]"
CSGP,2017-08-10,28.05,28.138,27.742,27.917,
CSGP,2017-08-11,27.952,28.466,27.724,27.988,
CSGP,2017-08-14,28.167,28.578,28.167,28.465,
CSGP,2017-08-15,28.451,28.6,28.121,28.2,
CSGP,2017-08-16,28.328,28.517,28.195,28.33,
CSGP,2017-08-17,28.378,28.398,28.04,28.087,
CSGP,2017-08-18,28.172,28.206,27.843,27.896,"[""Infosys MD & CEO Vishal Sikka Steps Down, Shares Tumble"", ""Infosys MD & CEO Vishal Sikka Steps Down, Shares Tumble"", ""Infosys MD & CEO Vishal Sikka Steps Down, Shares Tumble In a sudden move, Vishal Sikka stepped down as the chief executive officer and managing director of Infosys LimitedINFY earlier today, citing conflicts that deteriorated into mudslinging under an anonymous name. The move led to deep unrest among investors, causing shares to plunge 10.8% at one point in pre-market trading . The surprise move came amid intensifying animosity between the board and the co-founders, led by NR Narayana Murthy. It seems that a seven-month-long confrontation between the company's founders on one hand, and Sikka and the board on the other, culminated into this drastic move. This is the second time that Infosys has plunged into a leadership crisis, after the founding members retired from the top management. Sikka had taken over the reins of India's second largest software and outsourcing company in June 2014. Differences in New & Old Leadership Sikka cited a relentless stream of distractions and disruptions over the recent quarters, which were becoming increasingly personal and negative, as of late, as one of the leading reason for his step. He asserted that the \""very public noise around us\"" had created a shaky atmosphere, making it difficult for management to function effectively. Differences had been simmering between Murthy and Sikka for quite some time now, with the former repeatedly disparaging Sikka's policies. Infosys Limited Price, Consensus and EPS Surprise Infosys Limited Price, Consensus and EPS Surprise | Infosys Limited Quote In recent months, Infosys' founders, including Murthy, have criticized the company's leadership, focusing on executive pay packages and alleged lapses in corporate governance. Other issues which the founders took offense to, included allegations of impropriety in the 2015 acquisitions of Panaya and Skava Systems. In an email last week, Murthy reportedly addressed some of his advisers that he had been told by at least three independent directors of Infosys that Sikka was less CEO material and more CTO (chief technology officer) material. He also reportedly condemned the Infosys board for not upholding governance standards. Further, Infosys founders (who still own 12.75% of the company) had questioned Sikka's recent pay raise and the size of severance payouts given to some other executives, including former finance head - Rajiv Bansal. Infosys expressed profound distress by the unfounded personal attacks on the members of the management team, through anonymous letters that surfaced in recent months. Sikka's Term When Sikka took over the helm, Infosys was lagging behind industry growth. Under his leadership, Infosys revenues jumped from $2.13 billion in first-quarter 2015 to $2.65 billion in first-quarter 2017, with strong margin performance and sustained cash generation. Sikka's focus on profitable growth delivered an increase in liquid assets (including cash and cash equivalents) from $4.9 billion in June 2014 to $6.1 billion in June 2017. Infosys also rolled out over 25 new services under Sikka, which helped bolster revenues significantly. However, the company's growth has slowed down sharply, after having soared in Sikka's first two years. Consequently, Infosys' share price has also underperformed the industry in recent times. Infosys' shares have inched up 0.2% in the past year, grossly underperforming the industry 's average gain of 27.1%. Moving Forward The Indian IT bellwether has named U B Pravin Rao as interim chief executive officer and managing director, while Sikka will continue as executive vice-chairman. Rao was the chief operating officer of the company, with overall strategic and operational responsibility for the entire portfolio of Infosys' offerings. In his new role, Sikka will continue to focus on strategic initiatives, key customer relationships and technology development. He will receive an annual salary of $1 during his tenure and will report to the company's board. Zacks Rank & Stocks to Consider Infosys presently carries a Zacks rank #3 (Hold). Some better-ranked stocks in the broader space include CSRA Inc. CSRA , CoStar Group, Inc. CSGP and HP Inc. HPQ , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. CSRA has a solid earnings surprise history for the trailing four quarters, having beaten estimates each time for an average beat of 10.4%. CoStar Group also has a robust earnings surprise history, with an average beat of 27.6% over the trailing four quarters, beating estimates throughout. HP generated an average positive surprise of 3% over the trailing four quarters, surpassing estimates thrice. 4 Surprising Tech Stocks to Keep an Eye on Tech stocks have been a major force behind the market's record highs, but picking the best ones to buy can be tough. There's a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now - before the next wave of innovations really takes off. See Stocks Now>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HP Inc. (HPQ): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report CSRA Inc. (CSRA): Free Stock Analysis Report Infosys Limited (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Infosys MD & CEO Vishal Sikka Steps Down, Shares Tumble""]"
CSGP,2017-08-21,27.821,27.951,27.707,27.833,"[""Infosys Notifies $2B Buyback Program, Shares Stretch Losses"", ""Acxiom Plunges to 52-Week Low: What's Pushing It Down?"", ""Infosys Notifies $2B Buyback Program, Shares Stretch Losses"", ""Acxiom Plunges to 52-Week Low: What's Pushing It Down?"", ""Infosys Notifies $2B Buyback Program, Shares Stretch Losses The board of Infosys LimitedINFY announced a $2 billion share repurchase program a day after the sudden resignation of CEO and MD Vishal Sikka . This move reflects an initiative to improve stakeholder returns for the Indian software exporter, after heightened tensions between the board and the founders led by ex-Chairman N R Narayana Murthy resulted in Sikka's quitting. Asia's second-largest software services developer plans to repurchase as many as 113 million shares at Rs 1,150 apiece, per an exchange filing. Investors actually lost $3.5 billion as Infosys's market value plunged on Friday in the wake of Sikka's step-down. The repurchase price represents a 25% premium to Friday's closing price. Despite this generous offer, the shareholders' response was lukewarm at best. Sikka's resignation had led to a deep unrest among investors, causing shares to decline 10.8% at one point before paring the losses to end at 7.2% lower. Even now, Infosys shares are continuing their downward trend, having fallen 5.4% in today's pre-market trading at the time of writing. Simply put, the repurchase price might have appeared more attractive, had Sikka's resignation the previous day not led to the plummet of Infosys shares to historic lows. Infosys's shares have lost 6.4% in the past year versus the industry 's 17.8% average gain. Also, potential clients may refrain from making deals with Infosys until there is more clarity on who will replace Sikka and what the strategies and vision of the new CEO might be. Sikka had taken over the reins of India's second-largest software and outsourcing company in June 2014. Over time, he had been instrumental in realigning the company's consulting business toward strategy consulting. During his term, Infosys had increased its $100 million clients from 12 to 19. The company's large deal wins rose from $1.9 billion in 2015 to $3.5 billion in FY17. Per news reports, Infosys is struggling with deep rifts formed within the board. Plus, the board's relationship with the company founders has been splintered. Perhaps, it is time for the company to revamp the board completely in order to restore investors' confidence. The road ahead for Infosys looks long and difficult. The company needs to begin anew with recruiting the right CEO and MD, which seems a daunting task in the light of a possible disparity between what the founders expect and what the shareholders probably want to see in their new leader. Infosys Limited Price and Consensus Infosys Limited Price and Consensus | Infosys Limited Quote Zacks Rank & Stocks to Consider Infosys presently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader space are Axcelis Technologies, Inc. ACLS , CoStar Group, Inc. CSGP and HP Inc. HPQ , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Axcelis Technologies has a solid earnings surprise history for the trailing four quarters, having beaten estimates thrice for an average beat of 35%. CoStar Group also has a robust earnings surprise history with an average beat of 15.4% over the trailing four quarters and topping estimates throughout. HP generated an average positive surprise of 3% over the trailing four quarters, surpassing expectations thrice. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HP Inc. (HPQ): Free Stock Analysis Report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Infosys Limited (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Acxiom Plunges to 52-Week Low: What's Pushing It Down? Shares of Acxiom Corp.ACXM touched a new 52-week low during trading session on Aug 18. The company's stock fell to as low as $22.03, eventually closing at $22.10. Notably, Acxiom's shares have lost 17.5% year to date, against the industry 's gain of 18.4%. Estimates Going South Further, the company has witnessed negative earnings estimate revisions for the current quarter as well as the current year over the past 30 days. The Zacks Consensus Estimate for the second-quarter fell 3 cents to 16 cents, while the full-year estimate fell by a penny to 81 cents. The declining trend can be primarily attributed to the disappointing first-quarter fiscal 2018 results (announced earlier this month). Acxiom reported non-GAAP earnings of 3 cents per share, which missed the Zacks Consensus Estimate by 4 cents. Revenues of $212.5 million also declined 1% from the year-ago quarter and lagged the Zacks Consensus Estimate of $217 million. Following the unimpressive quarterly earnings results, the company provided a downbeat forecast for fiscal 2018. Management now expects slower bookings in its Marketing Services business segment. Further, management anticipates pricing model changes in its Audience Solutions segment to hurt top-line growth. Acxiom Corporation Price Acxiom Corporation Price | Acxiom Corporation Quote Diminished Profitability in Competitive Landscape Acxiom operates in the highly competitive and broad industry of data analytics that is becoming more complex with low barriers to entry. This has led to increased price competition, negatively affecting its business. Competition from the likes of Microsoft MSFT , Epsilon (owned by Alliance Data Systems ADS ), NeuStar, CoreLogic and even Oracle, which owns Datalogix and BlueKai, remain headwinds. Also, despite serving some of the largest and most profitable firms in the United States, Acxiom's client base consists primarily of companies in the financial services sector. Hence, any slowdown in the financial services industry is likely to adversely impact the company's overall performance. Acxiom currently carries a Zacks Rank #4 (Sell). Stocks to Consider CoStar Group, Inc. CSGP is a better-ranked technology stock in the same industry, with a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 (Strong Buy) Rank Stocks here. Long-term earnings growth rate of CoStar Group is pegged at 15%. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Acxiom Corporation (ACXM): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Alliance Data Systems Corporation (ADS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Infosys Notifies $2B Buyback Program, Shares Stretch Losses"", ""Acxiom Plunges to 52-Week Low: What's Pushing It Down?""]"
CSGP,2017-08-22,27.82,28.343,27.791,28.305,
CSGP,2017-08-23,28.156,28.418,28.033,28.4,
CSGP,2017-08-24,28.485,28.494,28.157,28.414,
CSGP,2017-08-25,28.534,28.785,28.268,28.355,
CSGP,2017-08-28,28.401,28.401,28.018,28.137,
CSGP,2017-08-29,28.124,28.527,28.001,28.246,
CSGP,2017-08-30,28.241,28.548,28.108,28.437,
CSGP,2017-08-31,28.405,28.796,28.352,28.662,
CSGP,2017-09-01,28.778,28.778,28.432,28.702,"[""Unisys Unit Collaborates With CMA to Strengthen Portfolio"", ""Unisys Unit Collaborates With CMA to Strengthen Portfolio"", ""Unisys Unit Collaborates With CMA to Strengthen Portfolio Unisys CorporationUIS announced that its unit Unisys Federal has entered into an agreement with Computer Marketing Associates, Inc. (\""CMA\""). Per the collaboration, both the companies will jointly offer the award-winning Unisys Stealth suite of security software to U.S. federal government agencies. CMA is a provider of business systems integration and resells cybersecurity, cloud, data analytics and integrated IT infrastructure solutions to the federal government. What is Stealth? The Stealth software provides extra protection to data and applications, which utilizes encryption and identity-driven micro-segmentation techniques. Even if rivals break into one micro-segment, they would not be able to move across to other parts of the enterprise environment. The Collaboration Leading companies across various industries have critical needs for advanced cyber security solutions to help protect their eco-systems in the cloud. The collaboration will help both Unisys and CMA to engage with clients, prospects and thought leaders as they demonstrate their joint technology solutions. In-addition, the companies are looking forward to advancing the technology and arriving at new sets of solutions. This agreement has paved the way for all federal agencies to gain access to this critically important solution. Stealth provides adaptive protection through the application of micro-segmentation technology across entire extended enterprises, securing users, data, applications and systems from cyber threats. This software enables federal agencies to reduce risks and secure their systems. This deal makes Stealth available to different federal government agencies through two major government-wide contract vehicles: NASA's Solutions for Enterprise-Wide Procurement V small business contract and the NIH CIO-CS contract. Both the contracts are particularly suitable for streamlining and acquisition of critical technology solutions and services. In addition, CMA will offer Unisys professional services to implement Stealth solutions via these contracts. Price Performance Compared to Industry Unisys has underperformed the industry , with an average year-to-date loss of 48.2% against a 21.5% gain for the latter. Despite such collaborations, the company continues to face stiff competition in the information services and technology marketplace from consulting and other professional services firms, systems integrators, outsourcing providers, infrastructure services providers, computer hardware manufacturers and software providers. Consequently, Unisys has to continually invest in new technologies which act as value drivers that could provide a hedge against stiff competition. However, these incremental investments increase operating expenses, thus squeezing margins and negatively impacting profitability. Zacks Rank & Stocks to Consider Unisys currently carries a Zack Rank #5 (Strong Sell). Some better-ranked stocks in the industry are CSRA Inc. CSRA , CoStar Group, Inc. CSGP and RELX NV RENX . All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. CSRA has long-term earnings growth expectations of 10% and is currently trading at a forward P/E of 15.9x. CoStar Grouphas long-term earnings growth expectations of 15% and is currently trading at a forward P/E of 63.3x. RELX NVhas long-term earnings growth expectations of 5.5% and is currently trading at a forward P/E of 19.6x. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Unisys Corporation (UIS): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report CSRA Inc. (CSRA): Free Stock Analysis Report RELX N.V. (RENX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Unisys Unit Collaborates With CMA to Strengthen Portfolio""]"
CSGP,2017-09-05,28.745,28.745,28.123,28.219,
CSGP,2017-09-06,28.213,28.278,27.93,28.147,"[""Unisys Offers Hybrid Cloud Solution to California University"", ""Unisys Offers Hybrid Cloud Solution to California University"", ""Unisys Offers Hybrid Cloud Solution to California University Information technology firm, Unisys CorporationUIS recently announced that its analytics-based hybrid cloud solution was selected by the California State University, to improve operational efficiency and streamline its cost structure. With such technological collaborations, the company aims to improve its sagging revenues that have lately been hit hard by macroeconomic woes. The hybrid cloud solution from Unisys is likely to radically transform the university's operations, benefiting approximately 479,000 students and 50,800 faculty and staff at 23 campuses and the Chancellor's office. The analytics-driven cloud environment will offer a plethora of services that are critical for the day-to-day administration of the largest four-year public university in the United States. These services include student scheduling, registration, human resources and employee compensation. Integrating all information resources, data scientists from Unisys further intend to create predictive models by leveraging sophisticated analytics services to identify potential opportunities and optimize governance. This secure cloud solution will also offer backup facilities and disaster recovery capabilities to counter any contingencies. Based on Unisys Cloud Management Platform, a software-as-a-service solution, the hybrid cloud will provide the most effective and cost-efficient alternative for the university. This, in turn, would streamline operations and improve delivery of services while reducing associated costs. The strategic partnership seems to be the call of the hour for this beleaguered Zacks Rank #5 (Strong Sell) stock. The company has been a laggard in the recent times, with an average year-to-date loss of 49.2% against a gain of 23.7% for the industry . Unisys is facing stiff competition in the information services and technology marketplace from consulting and other professional services firms, systems integrators, outsourcing providers, infrastructure services providers, computer hardware manufacturers and software providers. Consequently, the company has to continually invest in new technologies which act as value drivers that could provide a hedge against stiff competition. However, these incremental investments increase operating expenses, thus squeezing margins and negatively impacting profitability. Better-ranked stocks in the industry include CoStar Group, Inc. CSGP , Infosys Limited INFY and RELX NV RENX , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . CoStar Group has a long-term earnings growth expectation of 15%. It topped estimates in each of the trailing four quarters with an average positive earnings surprise of 15.4%. Infosys has a long-term earnings growth expectation of 10.4%. It topped estimates twice in the trailing four quarters with an average positive earnings surprise of 2.2%. RELX has a long-term earnings growth expectation of 5.5%. 4 Surprising Tech Stocks to Keep an Eye On Tech stocks have been a major force behind the market's record highs, but picking the best ones to buy can be tough. There's a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without . More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now - before the next wave of innovations really takes off. S ee Stocks Now>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Unisys Corporation (UIS): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report RELX N.V. (RENX): Free Stock Analysis Report Infosys Limited (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Unisys Offers Hybrid Cloud Solution to California University""]"
CSGP,2017-09-07,28.244,28.348,27.998,28.194,
CSGP,2017-09-08,28.179,28.249,27.87,28.04,
CSGP,2017-09-11,28.204,28.452,28.02,28.156,"Science Applications (SAIC) Misses Q2 Earnings Estimates Science Applications International Corp . SAIC reported second-quarter fiscal 2018 earnings of 80 cents per share, which decreased 1% from the year-ago quarter. Including 9 cents of accounting charges related to the adoption of ASU 2016-09, earnings were 89 cents per share that missed the Zacks Consensus Estimate by couple of cents. Moreover, revenues decreased 2% from the year-ago quarter to $1.08 billion and missed the Zacks Consensus Estimate of $1.09 billion. Internal revenues declined 1.4%. Management noted that completion of contracts that include the loss of a contract with the Department of Homeland Security (DHS) and other net contract declines across its portfolio negatively impacted revenues. Management stated that several federal civilian customers are suspending technology upgrades and IT modernization that is affecting margins. Moreover, unfavorable contract mix is hurting profitability. The company continues to witness increase in cost reimbursement type contracts as compared with fixed price contract types. Shares have decreased almost 18.22% to close at $61.06 on Sep 9, following the results. Science Applications has lost 28% of its value year to date versus the 22.9% increase of the industry it belongs to. Quarter in Details Net bookings for the quarter were approximately $2.1 billion, which reflects a book-to-bill ratio of approximately 2.0 in the quarter. At the end of the quarter, Science Applications' estimated backlog of signed business orders was approximately $9.2 billion of which $1.8 billion was funded. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Price, Consensus and EPS Surprise SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Price, Consensus and EPS Surprise | SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Quote During the quarter, the company won a contract worth $621 million (if all options are exercised) from the General Services Administration (GSA) Federal Systems Integration and Management Center (FEDSIM). Moreover, the GSA, on behalf of the Army Software Engineering Directorate (SED), awarded another contract worth $404 million (if all options are exercised). Science Applications also won contracts from the National Aeronautics and Space Administration (NASA) GSFC Omnibus Multidisciplinary Engineering Services, U.S. Navy - Space and Naval Warfare Systems Command (SPAWAR), NASA Joint Operations, and National Institute of Mental Health. The estimated value of proposals submitted by the company is approximately $15 billion, up $1.8 billion from the previous quarter. Adjusted EBITDA margin contracted 130 basis points (bps) on a year-over-year basis to 6.5%. Adjusted operating income margin contracted 120 bps to 5.5% in the reported quarter. The year-over-year contraction in profitability was primarily due to lower contract profitability on programs supporting federal civilian agencies, lower profitability on re-competed supply chain management contracts and higher severance and facility expense. Balance Sheet & Cash Flow Science Applications ended the quarter with cash and cash equivalents of $140 million, down from $207 million reported in the previous quarter. At the end of the quarter, the company repaid debt worth $25 million and no longer has any borrowings under the revolving credit facility. Days sales outstanding (DSO) was 54 days, including a 4-day impact from a customer payment center delay. Operating cash outflow was $35 million and free cash outflow was $38 million. The company delivered operating cash flow and free cash flow of $88 million and $84 million in the previous quarter, respectively. Science Applications spent $51 million in cash dividends and repurchasing shares. Guidance For fiscal 2018, Science Applications expect EBITDA margin, to be in the 7% range. For fiscal 2018, management estimates tax rate to be approximately 24% to 26%, modestly lower than the previous estimate of 26% to 28%. Science Applications anticipates the effective tax rate to be in the low 30% range for the second half of the year. Management expects DSOs to return to the low 50%, which is within its normal operating range. The company continues to expect $240 million of free cash flow for the fiscal year 2018. Further, Science Applications expect to pay dividends of almost $55 million and pay debts worth approximately $25 million. Remaining cash balance is expected to be in excess of $150 million available for further share repurchases and strategic mergers & acquisitions. Zacks Rank & Stocks to Consider Currently, Science Applications has a Zacks Rank #4 (Sell). Better-ranked stocks in the broader sector include CSRA Inc. CSRA , CoStar Group Inc. CSGP and Nutanix Inc. NTNX . All the three stocks have Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Long-term earnings growth rates for CSRA, CoStar and Nutanix is currently projected to be 10%, 15% and 20%, respectively. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report CSRA Inc. (CSRA): Free Stock Analysis Report SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): Free Stock Analysis Report Nutanix Inc. (NTNX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-09-12,28.26,28.741,27.827,28.212,"[""CoStar Grup To Acquire ForRent For $350M Cash and $35M In CSGP Stock"", ""CoStar Grup To Acquire ForRent For $350M Cash and $35M In CSGP Stock"", ""CoStar Grup To Acquire ForRent For $350M Cash and $35M In CSGP Stock""]"
CSGP,2017-09-13,28.3,28.3,27.391,27.526,"[""Infosys Set to Open Technology & Innovation Hub in Raleigh"", ""Infosys Set to Open Technology & Innovation Hub in Raleigh"", ""Infosys Set to Open Technology & Innovation Hub in Raleigh Infosys LimitedINFY will soon open its North Carolina Technology and Innovation Hub in Raleigh, in a bid to boost innovation and generate new employment opportunities for the tech workforce in the United States over the long run. Inside the Headlines The new hub in Raleigh will primarily focus on delivering state-of-the-art artificial intelligence, cloud and big data, advance analytics, and machine learning solutions. Notably, the center will also aid the progress of premium co-created solutions for Infosys' major clients in North Carolina and surrounding areas. Infosys stated that the above discussed hub will help create better employment opportunities in the United States. This, in turn, will provide a boost to Raleigh's robust technology-based economy. This Zacks Rank #2 (Buy) company plans to hire nearly 10,000 employees over the next two years. The company also stated that the North Carolina Technology and Innovation Hub will offer jobs to nearly 500 Americans in the next two years. In addition, almost 2,000 workers are likely to be hired in the hub by 2021. Notably, Infosys has aligned with the North Carolina Community College System to create a personalized workforce training program. The Carolina hub is anticipated to commence operations from early 2018 and will be a 60,000-square-foot facility in Raleigh. Existing Scenario Infosys is poised to grow on the back of its Renew New program, strong innovation, greater operational efficacy, robust revenue growth and increased cash generation. However, escalating costs, President Trump's anti-immigration stance and on-site expansion are major headwinds for the company. Notably, the company's shares lost 6%, as against 3% growth recorded by the industry , in a month's time. Other Key Picks Other similarly-ranked stocks in the industry are listed below: Nutanix Inc. NTNX has earnings per share (EPS) growth expectation of 20% for the next three to five years. You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here . For the next three to five years, CoStar Group, Inc. CSGP has an EPS growth expectation of 15%. CSRA Inc. CSRA has an EPS growth expectation of 10% for the same time frame. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report CSRA Inc. (CSRA): Free Stock Analysis Report Nutanix Inc. (NTNX): Free Stock Analysis Report Infosys Limited (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Infosys Set to Open Technology & Innovation Hub in Raleigh""]"
CSGP,2017-09-14,27.47,27.614,27.259,27.461,
CSGP,2017-09-15,27.329,27.826,27.329,27.78,
CSGP,2017-09-18,27.78,27.904,27.47,27.663,
CSGP,2017-09-19,27.668,28.176,27.494,28.06,"[""Infosys (INFY) to Transform CMA CGM's Information Systems"", ""Infosys (INFY) to Transform CMA CGM's Information Systems"", ""Noteworthy ETF Inflows: VB, PKG, CSGP, BR Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Vanguard Small-Cap ETF (Symbol: VB) where we have detected an approximate $197.7 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 140,606,943 to 142,033,414). Among the largest underlying components of VB, in trading today Packaging Corp of America (Symbol: PKG) is down about 0.3%, CoStar Group, Inc. (Symbol: CSGP) is up about 1.1%, and Broadridge Financial Solutions (Symbol: BR) is lower by about 0.1%. For a complete list of holdings, visit the VB Holdings page \u00bb The chart below shows the one year price performance of VB, versus its 200 day moving average: Looking at the chart above, VB's low point in its 52 week range is $114.07 per share, with $139.37 as the 52 week high point - that compares with a last trade of $138.59. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average \u00bb . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Infosys (INFY) to Transform CMA CGM's Information Systems Global leader in consulting and technology services, Infosys LimitedINFY recently announced that it has entered into a strategic seven-year partnership with the CMA CGM Group. Notably, this deal will make the company more innovative and flexible. The technological collaborations will help transform CMA CGM's IT applications as well as improve customer service experience. Per the agreement, Infosys will offer CMA CGM high value-added technologies and the skills needed to support applications and develop SAP projects. Infosys' technology solution includes Nia's artificial intelligence platform and its scalable automation platform, AssistEdge that will boost CMA CGM's internal performance, process execution as well as improve customer service. Additionally, Infosys has decided to open a Delivery Center in Marseille, which will facilitate enhancement of local expertise. Further, the company also intends to acquire CMA CGM's Innovation and Delivery Center in Dubai, allowing Infosys to expand presence in the Middle East. In recent times, Infosys has been strengthening core competencies by pursuing strategic acquisitions that enable it to leverage emerging technologies in a mutually beneficial and cost-competitive manner. In the past few quarters, the company has entered into several strategic partnerships with other technology behemoths to boost digital, cloud, legacy modernization and automation business. However, it seems that escalating costs, President Trump's anti-immigration stance and on-site expansion are likely to affect performance. Notably, the company's stock has yielded a negative return of 0.7% in the past three months, underperforming the industry 's average gain of 4.3%. Nevertheless, we believe that the Zacks Rank #2 (Buy) is likely to benefit from its Renew New program, strong innovation, greater operational efficacy, robust revenue growth and increased cash generation, in the upcoming quarters. Stocks to Consider Some better-ranked stocks from the same space are Nutanix Inc. NTNX , CoStar Group, Inc. CSGP and Axcelis Technologies, Inc. ACLS . Nutanix, CoStar Group and Axcelis Technologies each carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Nutanix has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 12.9%. CoStar Group has outpaced estimates in the preceding four quarters, with an average earnings surprise of 15.4%. Axcelis Technologies has surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 35%. 4 Promising Stock Picks to Keep an Eye On With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor's Guide to Locking Down Profits to help answer this question. This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential. Get the new Investing Guide now>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Nutanix Inc. (NTNX): Free Stock Analysis Report Infosys Limited (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Infosys (INFY) to Transform CMA CGM's Information Systems""]"
CSGP,2017-09-20,28.003,28.326,27.966,28.21,
CSGP,2017-09-21,28.123,28.123,27.664,28.023,
CSGP,2017-09-22,27.931,28.314,27.875,28.082,"[""Amdocs (DOX) Maintains Core Business Focus, Risks Remain"", ""Amdocs (DOX) Maintains Core Business Focus, Risks Remain"", ""Amdocs (DOX) Maintains Core Business Focus, Risks Remain On Sep 22, we updated the research report on business software and services provider, Amdocs LimitedDOX . Over the years, Amdocs has successfully combined its core billing and rating technology with customer relationship management software to emerge as a leader in the market of business support systems. With strategic acquisitions, the company has further evolved as a unique vendor providing both end-to-end business support solutions and operating support solutions to the carrier marketplace. Amdocs continues to expand its global client base by signing long-term contracts and collaborating with major telecommunication industry players worldwide. The company struck a three-year deal with Roger Communication to enhance operating efficiency of mobile, cable, wireline and broadband Internet services. In addition, Amdocs has signed a deal with AT&T, per which it will operate as an integrator for developers and telecom firms interested in using AT&T's ECOMP (Enhanced Control, Orchestration, Management & Policy) service. Amdocs will assist AT&T in marketing this service worldwide. The company has also been selected by companies such as Telefonica Brazil for its Vivo operations, Global Telecom of Philippines for automated and analytics-driven revenue assurance services, and by Global Fintech's subsidiary Mynt for its financial services offering. Amdocs has introduced a new digital customer management and commerce platform called Optima, which can monetize any product or service and supports the full business lifecycle. The product mainly targets midsized communication businesses and digital firms. Seaborne Networks, which develops and operates submarine fiber optic cable systems, has selected Optima in a seven-year managed services contract. The company also launched Amdocs Omni-Channel Experience integrated with Google's mobile data application program interface. The new products are expected to boost the company's top line. With a diligent execution of operational plans, the company remains on track to deliver non-GAAP fiscal 2017 earnings per share growth of 5.5% to 7.5%. Amdocs also expects revenues to be up 3-5% year over year. However, Amdocs is highly exposed to foreign currency exchange rate risk. The company saw a sharp decline in revenues from Europe and international markets in the last reported quarter. Economic and political uncertainty in Europe may further jeopardize the company's financials, going forward. Amdocs has underperformed the industry with an average year-to-date return of 9.3% compared with 25.2% gain for the latter. Moreover, Amdocs is investing heavily in the emerging markets in order to boost sales, which may lead to a drop in margins. Even in the developed markets, management has decided to undertake a series of programs including training, knowledge transfer and productivity enhancement to cope with recessionary situations. All these activities will likely result in bottom-line shrinkage. Nevertheless, we remain impressed with the inherent growth potential of this Zacks Rank #3 (Hold) stock. Better-ranked stocks in the industry include CoStar Group, Inc. CSGP , Infosys Limited INFY and Nutanix, Inc. NTNX , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . CoStar Group has a long-term earnings growth expectation of 15%. It topped estimates in each of the trailing four quarters with an average positive earnings surprise of 15.4%. Infosys has a long-term earnings growth expectation of 10.4%. It topped earnings estimates twice in the trailing four quarters with a positive surprise of 2.2%. Nutanix has a long-term earnings growth expectation of 20%. It topped earnings estimates in all the trailing four quarters with a positive surprise of 12.9%. 5 Trades Could Profit \""Big-League\"" from Trump Policies If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course. Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Nutanix Inc. (NTNX): Free Stock Analysis Report Amdocs Limited (DOX): Free Stock Analysis Report Infosys Limited (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Amdocs (DOX) Maintains Core Business Focus, Risks Remain""]"
CSGP,2017-09-25,27.972,28.152,27.736,27.92,"[""Filing From CoStar Group Shows Registration For Mixed Securities Shelf Offering, No Amount Disclosed"", ""CoStar Group Reports Began $750M Common Stock Offering"", ""CoStar Group Reports Began $750M Common Stock Offering"", ""Filing From CoStar Group Shows Registration For Mixed Securities Shelf Offering, No Amount Disclosed"", ""CoStar Group Reports Began $750M Common Stock Offering"", ""Filing From CoStar Group Shows Registration For Mixed Securities Shelf Offering, No Amount Disclosed""]"
CSGP,2017-09-26,27.6,27.714,26.478,26.689,
CSGP,2017-09-27,26.733,27.171,26.654,26.716,
CSGP,2017-09-28,26.497,26.941,26.4,26.667,"[""CoStar Group Announces Pricing Of 2,884,616 Share Common Stock Offering At $260/Share"", ""CoStar Group Announces Pricing Of 2,884,616 Share Common Stock Offering At $260/Share"", ""CoStar Group Enters Oversold Territory (CSGP) Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Thursday, shares of CoStar Group, Inc. (Symbol: CSGP) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $264.00 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 62.8. A bullish investor could look at CSGP's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CSGP shares: Looking at the chart above, CSGP's low point in its 52 week range is $179.22 per share, with $287.96 as the 52 week high point - that compares with a last trade of $266.09. According to the ETF Finder at ETF Channel, CSGP makes up 2.58% of the PowerShares Dynamic Media Portfolio ETF (Symbol: PBS) which is trading lower by about 0.3% on the day Thursday. Find out what 9 other oversold stocks you need to know about \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Announces Pricing Of 2,884,616 Share Common Stock Offering At $260/Share""]"
CSGP,2017-09-29,26.5,27.0,25.541,26.825,
CSGP,2017-10-02,26.95,27.272,26.559,27.169,"[""5 Real Estate Stocks in Gurus' Portfolios"", ""5 Real Estate Stocks in Gurus' Portfolios"", ""5 Real Estate Stocks in Gurus' Portfolios""]"
CSGP,2017-10-03,27.2,27.254,26.881,27.163,
CSGP,2017-10-04,27.113,27.32,26.637,27.179,
CSGP,2017-10-05,27.313,27.492,27.169,27.439,"[""Bank of America Reinstates Buy on CoStar Group, Announces $306.00"", ""Bank of America Reinstates Buy on CoStar Group, Announces $306.00"", ""Bank of America Reinstates Buy on CoStar Group, Announces $306.00""]"
CSGP,2017-10-06,27.253,27.785,27.227,27.691,
CSGP,2017-10-09,27.666,27.842,27.612,27.678,"Add Up The Parts: PBS Could Be Worth $31 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares Dynamic Media Portfolio ETF (Symbol: PBS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $31.06 per unit. With PBS trading at a recent price near $28.30 per unit, that means that analysts see 9.75% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PBS's underlying holdings with notable upside to their analyst target prices are Viacom Inc (Symbol: VIAB), Gannett Co Inc (Symbol: GCI), and CoStar Group, Inc. (Symbol: CSGP). Although VIAB has traded at a recent price of $27.15/share, the average analyst target is 45.86% higher at $39.60/share. Similarly, GCI has 21.56% upside from the recent share price of $9.46 if the average analyst target price of $11.50/share is reached, and analysts on average are expecting CSGP to reach a target price of $310.43/share, which is 12.10% above the recent price of $276.91. Below is a twelve month price history chart comparing the stock performance of VIAB, GCI, and CSGP: Combined, VIAB, GCI, and CSGP represent 8.35% of the PowerShares Dynamic Media Portfolio ETF. Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-10-10,27.843,27.989,27.758,27.929,
CSGP,2017-10-11,28.008,28.951,28.008,28.92,
CSGP,2017-10-12,28.924,29.194,28.519,28.724,
CSGP,2017-10-13,28.955,29.196,28.563,28.702,
CSGP,2017-10-16,28.82,28.95,28.3,28.622,
CSGP,2017-10-17,28.638,28.742,28.343,28.372,
CSGP,2017-10-18,28.385,28.466,28.314,28.375,
CSGP,2017-10-19,28.195,28.195,27.886,28.048,
CSGP,2017-10-20,28.239,28.27,27.982,28.256,
CSGP,2017-10-23,28.227,28.46,28.198,28.37,
CSGP,2017-10-24,28.419,28.419,27.935,28.074,"[""Factset Research Systems Shows Improved Relative Strength; Still Shy Of Benchmark"", ""Factset Research Systems Shows Improved Relative Strength; Still Shy Of Benchmark"", ""Factset Research Systems Shows Improved Relative Strength; Still Shy Of Benchmark Factset Research Systems ( FDS ) had its Relative Strength ( RS ) Rating upgraded from 70 to 74 Tuesday -- a welcome improvement, but still short of the 80 or better score you prefer to see. [ibd-display-video id=2360792 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database. Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of over 80 as they begin their largest runs. See if Factset Research Systems can continue to rebound and hit that benchmark. See How IBD Helps You Make More In Stocks Factset Research Systems is still within a buy range after breaking past a 183.74 entry in a consolidation . The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.. Earnings growth slowed in the most recent report from 13% to 12%. But revenue moved higher, from 9% to 14%. The company earns the No. 1 rank among its peers in the Commercial Services-Market Research industry group. S&P Global ( SPGI ) and Costar ( CSGP ) are also among the group's highest-rated stocks. RELATED: IBD Stock Rating Upgrades: Rising Relative Strength Why Should You Use IBD's Relative Strength Rating? How Relative Strength Line Can Help You Judge A Stock The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Factset Research Systems Shows Improved Relative Strength; Still Shy Of Benchmark""]"
CSGP,2017-10-25,28.111,28.251,27.664,27.841,"[""CoStar Group Reports Q3 Adj. EPS $1.41 vs $1.13 Est., Sales $248M vs $244.5M Est."", ""CoStar Group Raises FY17 Outlook: Sales From $955M-$958M To $962M-$965M vs $965M Est., Adj. EPS To $4.65-$4.73 vs $4.43 Est."", ""CoStar Group Sees Q4 Sales $251M-$254M vs $259.5M Est., Adj. EPS $1.31-$1.38 vs $1.37 Est."", ""CoStar Group Sees Q4 Sales $251M-$254M vs $259.5M Est., Adj. EPS $1.31-$1.38 vs $1.37 Est."", ""CoStar Group Raises FY17 Outlook: Sales From $955M-$958M To $962M-$965M vs $965M Est., Adj. EPS To $4.65-$4.73 vs $4.43 Est."", ""CoStar Group Reports Q3 Adj. EPS $1.41 vs $1.13 Est., Sales $248M vs $244.5M Est."", ""CoStar Group Sees Q4 Sales $251M-$254M vs $259.5M Est., Adj. EPS $1.31-$1.38 vs $1.37 Est."", ""CoStar Group Raises FY17 Outlook: Sales From $955M-$958M To $962M-$965M vs $965M Est., Adj. EPS To $4.65-$4.73 vs $4.43 Est."", ""CoStar Group Reports Q3 Adj. EPS $1.41 vs $1.13 Est., Sales $248M vs $244.5M Est.""]"
CSGP,2017-10-26,28.147,29.428,27.739,28.925,"[""Quality Stocks: Cognizant, Copart"", ""Quality Stocks: Cognizant, Copart"", ""Quality Stocks: Cognizant, Copart""]"
CSGP,2017-10-27,29.192,30.104,28.664,29.938,"CoStar Group, Inc. Earnings Surge 44% CoStar Group (NASDAQ: CSGP) reported third-quarter results on Oct. 25. The new business model for the provider of commercial real estate information is exceeding expectations for sales and profits, and management now expects CoStar to exceed its goal of $1 billion in run-rate revenue exiting 2017. CoStar Group results: The raw numbers Data source: CoStar Group Q3 2017 earnings press release . What happened with CoStar Group this quarter? Companywide net new bookings leapt 31% year over year to $34 million, driven by a 43% jump in multifamily bookings. ""We believe we've built the best user experience in the market, helping millions of people find new homes in our Apartments.com network,"" founder and CEO Andrew Florance said during a conference call with analysts. ""Better user experience, deeper content, effective SEO [search-engine optimization] strategies, and great marketing [are] consistently driving huge traffic growth, an advantage to the Apartments.com network, and it's positively impacting these sales results."" Moreover, CoStar's profitability improved significantly in the third quarter; adjusted EBITDA margin rose to 34%, up from 23% in the second quarter. In turn, adjusted EBITDA -- which excludes stock-based compensation, acquisition-related charges, and certain other items -- jumped 25% year over year, to $84 million. All told, adjusted (non- GAAP ) net income increased 29% to $46 million, or $1.41 per share. Looking forward For the fourth quarter, CoStar Group expects: Revenue in a range of $251 million to $254 million Adjusted EBITDA of $85 million to $89 million Non-GAAP earnings per share of $1.31 to $1.38 The company's full-year 2017 guidance now includes: Revenue of $962 million to $965 million, up from a prior forecast of $954 million to $960 million Adjusted EBITDA of $287 million to $291 million, an increase of $17 million at the midpoint from CoStar's previous outlook Non-GAAP EPS of $4.65 to $4.73, up from $4.42 to $4.52 Additionally, Florance praised the company's successful integration of its CoStar and LoopNet databases and revamped business model, both of which should continue to fuel CoStar Group's results in the quarters ahead: With its LoopNet, CoStar Suite, and Apartments.com divisions all performing well, CoStar Group is a business firing on all cylinders. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of October 9, 2017 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-10-30,29.723,29.981,29.331,29.45,
CSGP,2017-10-31,29.585,29.839,29.401,29.575,
CSGP,2017-11-01,29.802,29.802,29.256,29.513,
CSGP,2017-11-02,29.432,29.738,29.349,29.362,
CSGP,2017-11-03,29.393,29.632,29.244,29.578,
CSGP,2017-11-06,29.6,30.001,29.58,29.988,
CSGP,2017-11-07,30.0,30.04,29.936,29.936,
CSGP,2017-11-08,30.212,30.212,29.937,30.07,"[""Goldman Sachs Initiates Coverage On CoStar Group with Buy Rating, Announces $359.00 Price Target"", ""Goldman Sachs Initiates Coverage On CoStar Group with Buy Rating, Announces $359.00 Price Target"", ""Goldman Sachs Initiates Coverage On CoStar Group with Buy Rating, Announces $359.00 Price Target""]"
CSGP,2017-11-09,29.909,29.991,29.511,29.929,
CSGP,2017-11-10,29.936,29.984,29.349,29.668,"VB, CDW, FANG, CSGP: Large Inflows Detected at ETF Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Vanguard Small-Cap ETF (Symbol: VB) where we have detected an approximate $71.1 million dollar inflow -- that's a 0.4% increase week over week in outstanding units (from 140,170,586.0 to 140,670,664.0). Among the largest underlying components of VB, in trading today CDW Corp (Symbol: CDW) is down about 0.3%, Diamondback Energy, Inc. (Symbol: FANG) is up about 0.7%, and CoStar Group, Inc. (Symbol: CSGP) is lower by about 0.9%. For a complete list of holdings, visit the VB Holdings page » The chart below shows the one year price performance of VB, versus its 200 day moving average: Looking at the chart above, VB's low point in its 52 week range is $116.49 per share, with $144.41 as the 52 week high point - that compares with a last trade of $142.44. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-11-13,29.587,29.765,29.441,29.643,
CSGP,2017-11-14,29.541,29.996,29.473,29.905,"[""Frank Sands Buys Activision Blizzard Inc, Chipotle Mexican Grill Inc, CoStar Group Inc, Sells ..."", ""Frank Sands Buys Activision Blizzard Inc, Chipotle Mexican Grill Inc, CoStar Group Inc, Sells ..."", ""Frank Sands Buys Activision Blizzard Inc, Chipotle Mexican Grill Inc, CoStar Group Inc, Sells ...""]"
CSGP,2017-11-15,29.72,29.854,29.399,29.731,
CSGP,2017-11-16,29.867,30.463,29.739,30.353,
CSGP,2017-11-17,30.453,30.669,30.367,30.474,
CSGP,2017-11-20,30.569,30.752,30.301,30.663,
CSGP,2017-11-21,30.777,31.108,30.715,30.797,
CSGP,2017-11-22,30.852,30.956,30.471,30.88,
CSGP,2017-11-24,30.944,31.473,30.898,31.019,
CSGP,2017-11-27,31.018,31.375,30.9,30.949,
CSGP,2017-11-28,30.923,31.064,30.623,30.742,
CSGP,2017-11-29,30.818,30.85,29.857,30.186,"Notable ETF Outflow Detected - VB, CDW, CSGP, FANG Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Vanguard Small-Cap ETF (Symbol: VB) where we have detected an approximate $25.3 million dollar outflow -- that's a 0.1% decrease week over week (from 141,223,615.0 to 141,051,401.0). Among the largest underlying components of VB, in trading today CDW Corp (Symbol: CDW) is down about 1%, CoStar Group, Inc. (Symbol: CSGP) is off about 1.6%, and Diamondback Energy, Inc. (Symbol: FANG) is higher by about 0.3%. For a complete list of holdings, visit the VB Holdings page » The chart below shows the one year price performance of VB, versus its 200 day moving average: Looking at the chart above, VB's low point in its 52 week range is $126.28 per share, with $147.89 as the 52 week high point - that compares with a last trade of $147.22. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-11-30,30.418,30.603,30.001,30.497,
CSGP,2017-12-01,30.557,30.599,29.707,30.223,
CSGP,2017-12-04,30.486,30.696,29.51,29.577,
CSGP,2017-12-05,29.598,29.8,29.194,29.25,
CSGP,2017-12-06,29.188,29.677,29.163,29.321,"[""CoStar Reportedly Nears Legal Settlement Over Data Theft Suit Against Xceligent - Dow Jones"", ""CoStar Reportedly Nears Legal Settlement Over Data Theft Suit Against Xceligent - Dow Jones"", ""CoStar Reportedly Nears Legal Settlement Over Data Theft Suit Against Xceligent - Dow Jones""]"
CSGP,2017-12-07,29.409,29.583,29.084,29.182,
CSGP,2017-12-08,29.34,29.512,29.103,29.234,
CSGP,2017-12-11,29.235,29.282,28.949,29.05,
CSGP,2017-12-12,28.594,29.14,28.31,28.783,"[""JP Morgan Downgrades CoStar Group to Underweight"", ""JP Morgan Downgrades CoStar Group to Underweight"", ""JP Morgan Downgrades CoStar Group to Underweight""]"
CSGP,2017-12-13,28.848,29.431,28.848,29.099,
CSGP,2017-12-14,29.089,29.283,28.607,28.78,
CSGP,2017-12-15,28.913,29.917,28.5,29.486,"VB, CDW, CSGP, FANG: Large Inflows Detected at ETF Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Vanguard Small-Cap ETF (Symbol: VB) where we have detected an approximate $1.1 billion dollar inflow -- that's a 5.2% increase week over week in outstanding units (from 144,027,131.0 to 151,457,798.0). Among the largest underlying components of VB, in trading today CDW Corp (Symbol: CDW) is trading flat, CoStar Group, Inc. (Symbol: CSGP) is up about 0.3%, and Diamondback Energy, Inc. (Symbol: FANG) is higher by about 0.5%. For a complete list of holdings, visit the VB Holdings page » The chart below shows the one year price performance of VB, versus its 200 day moving average: Looking at the chart above, VB's low point in its 52 week range is $128.58 per share, with $149.58 as the 52 week high point - that compares with a last trade of $146.70. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-12-18,29.755,30.098,29.459,29.725,
CSGP,2017-12-19,29.7,30.022,29.652,29.909,
CSGP,2017-12-20,29.973,29.973,29.567,29.692,
CSGP,2017-12-21,29.701,29.958,29.583,29.858,
CSGP,2017-12-22,29.803,30.066,29.702,29.979,
CSGP,2017-12-26,29.853,29.86,29.315,29.486,"Vanguard Small-Cap ETF Experiences Big Outflow Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Vanguard Small-Cap ETF (Symbol: VB) where we have detected an approximate $657.6 million dollar outflow -- that's a 3.0% decrease week over week (from 149,859,245.0 to 145,411,679). Among the largest underlying components of VB, in trading today CoStar Group, Inc. (Symbol: CSGP) is down about 1.2%, CDW Corp (Symbol: CDW) is off about 0.4%, and Diamondback Energy, Inc. (Symbol: FANG) is up by about 2.1%. For a complete list of holdings, visit the VB Holdings page » The chart below shows the one year price performance of VB, versus its 200 day moving average: Looking at the chart above, VB's low point in its 52 week range is $128.58 per share, with $149.58 as the 52 week high point - that compares with a last trade of $148.20. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-12-27,29.475,29.6,29.299,29.407,
CSGP,2017-12-28,29.442,29.575,29.319,29.56,"Factset Research Systems Shows Rising Relative Strength; Still Shy Of Key Threshold Factset Research Systems ( FDS ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Thursday, rising from 69 to 72. [ibd-display-video id=2102289 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database. History reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if Factset Research Systems can continue to show renewed price strength and clear that threshold. Looking For Winning Stocks? Try This Simple Routine Factset Research Systems has climbed more than 5% past a 183.74 entry in a first-stage consolidation , meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line. The company reported 17% EPS growth last quarter. Sales rose 14%. The company holds the No. 4 rank among its peers in the Commercial Services-Market Research industry group. Costar ( CSGP ) is the No. 1-ranked stock within the group. RELATED: Which Stocks Are Showing Rising Relative Strength? Why Should You Use IBD's Relative Strength Rating? How Relative Strength Line Can Help You Judge A Stock The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2017-12-29,29.538,29.828,29.313,29.701,
CSGP,2018-01-02,29.829,29.861,29.542,29.679,"How The Parts Add Up: PBS Targets $31 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares Dynamic Media Portfolio ETF (Symbol: PBS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $30.88 per unit. With PBS trading at a recent price near $28.11 per unit, that means that analysts see 9.85% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of PBS's underlying holdings with notable upside to their analyst target prices are Omnicom Group, Inc. (Symbol: OMC), CoStar Group, Inc. (Symbol: CSGP), and Yelp Inc (Symbol: YELP). Although OMC has traded at a recent price of $72.83/share, the average analyst target is 14.73% higher at $83.56/share. Similarly, CSGP has 12.86% upside from the recent share price of $296.95 if the average analyst target price of $335.14/share is reached, and analysts on average are expecting YELP to reach a target price of $47.04/share, which is 12.11% above the recent price of $41.96. Below is a twelve month price history chart comparing the stock performance of OMC, CSGP, and YELP: Combined, OMC, CSGP, and YELP represent 10.25% of the PowerShares Dynamic Media Portfolio ETF. Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-01-03,29.708,30.789,29.591,30.75,"Notable ETF Inflow Detected - VB, ALNY, CGNX, CSGP Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the Vanguard Small-Cap ETF (Symbol: VB) where we have detected an approximate $126.8 million dollar inflow -- that's a 0.6% increase week over week in outstanding units (from 145,411,679 to 146,262,829). Among the largest underlying components of VB, in trading today Alnylam Pharmaceuticals Inc (Symbol: ALNY) is up about 1.5%, Cognex Corp (Symbol: CGNX) is up about 1.7%, and CoStar Group, Inc. (Symbol: CSGP) is higher by about 1.3%. For a complete list of holdings, visit the VB Holdings page » The chart below shows the one year price performance of VB, versus its 200 day moving average: Looking at the chart above, VB's low point in its 52 week range is $128.81 per share, with $149.58 as the 52 week high point - that compares with a last trade of $149.47. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average » . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-01-04,30.845,31.174,30.671,30.911,
CSGP,2018-01-05,30.993,31.337,30.921,31.139,
CSGP,2018-01-08,31.131,31.5,31.045,31.397,
CSGP,2018-01-09,31.476,31.625,31.185,31.466,
CSGP,2018-01-10,31.379,31.527,31.231,31.444,
CSGP,2018-01-11,31.554,31.756,31.251,31.731,
CSGP,2018-01-12,31.816,32.265,31.612,32.202,
CSGP,2018-01-16,32.5,32.508,31.852,31.906,
CSGP,2018-01-17,31.984,32.278,31.904,32.196,
CSGP,2018-01-18,32.426,33.989,32.401,33.64,"[""Stock Indexes Down, But Three Groups Show Strength"", ""Stock Indexes Down, But Three Groups Show Strength"", ""Stock Indexes Down, But Three Groups Show Strength""]"
CSGP,2018-01-19,33.64,34.466,33.468,34.12,"[""Stocks To Watch: Costar Sees RS Rating Rise To 91"", ""Stocks To Watch: Costar Sees RS Rating Rise To 91"", ""Stocks To Watch: Costar Sees RS Rating Rise To 91""]"
CSGP,2018-01-22,34.111,34.376,33.895,34.195,"IBD Rating Upgrades: Gartner Shows Improved Technical Strength On Monday, Gartner ( IT ) received a positive adjustment to its Relative Strength ( RS ) Rating , from 70 to 73. [ibd-display-video id=2368044 width=50 float=left autostart=true] This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database. Over 100 years of market history reveals that the top-performing stocks tend to have an RS Rating of above 80 as they launch their biggest climbs. See if Gartner can continue to rebound and clear that threshold. Looking For The Best Stocks To Buy And Watch? Start Here Gartner is now considered extended and out of buy range after clearing a 130.12 buy point in a second-stage flat base . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average. Earnings growth declined in the most recent quarter from 17% to 12%. But revenue gains moved higher, from 38% to 44%. Keep an eye out for the company's next round of numbers on or around Feb. 2. Gartner holds the No. 2 rank among its peers in the Commercial Services-Market Research industry group. Costar ( CSGP ) is the No. 1-ranked stock within the group. RELATED: Stocks With Rising Relative Strength Ratings Why Should You Use IBD's Relative Strength Rating? How Relative Strength Line Can Help You Judge A Stock The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-01-23,34.251,35.079,34.068,35.022,
CSGP,2018-01-24,35.178,35.537,35.03,35.28,"Composite Rating For Gartner Jumps To 96 The IBD SmartSelect Composite Rating for Gartner ( IT ) increased from 94 to 96 Wednesday. [ibd-display-video id=2385970 width=50 float=left autostart=true] The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Gartner is now out of buy range after breaking out from a 130.12 buy point in a flat base. Looking For Winning Stocks? Try This Simple Routine The stock has an 89 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 89% of all stocks. Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks. The company posted a 12% increase in earnings for Q3. Revenue growth climbed 44%, up from 38% in the prior report. That marks three quarters of increasing revenue gains. The company's next quarterly report is expected on or around Feb. 2. Gartner holds the No. 2 rank among its peers in the Commercial Services-Market Research industry group. Costar ( CSGP ) is the top-ranked stock within the group. RELATED: Which Companies Are Now Outperforming 95% Of All Stocks? The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-01-25,35.417,35.58,34.871,34.954,
CSGP,2018-01-26,35.091,35.288,34.588,35.176,
CSGP,2018-01-29,35.141,35.524,35.057,35.071,
CSGP,2018-01-30,34.822,35.165,34.526,34.719,
CSGP,2018-01-31,34.89,35.359,34.269,34.611,
CSGP,2018-02-01,34.485,35.133,34.424,34.984,"Factset Research Systems Trying To Close In On Key Technical Measure On Thursday, Factset Research Systems ( FDS ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 68 to 72. [ibd-display-video id=3105496 width=50 float=left autostart=true] IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matched up against all other stocks. Decades of market research shows that the best-performing stocks often have an RS Rating of over 80 in the early stages of their moves. See if Factset Research Systems can continue to rebound and clear that threshold. Looking For Winning Stocks? Try This Simple Routine Factset Research Systems broke out earlier, but is now trading around 3% below the prior 207.35 entry from a flat base . If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also understand that the most recent consolidation is a later-stage base, and those involve more risk. The company showed 17% earnings growth in its most recent report, while sales growth came in at 14%. The company earns the No. 5 rank among its peers in the Commercial Services-Market Research industry group. Costar ( CSGP ) is the top-ranked stock within the group. RELATED: Which Stocks Are Showing Rising Relative Strength? Why Should You Use IBD's Relative Strength Rating? How Relative Strength Line Can Help You Judge A Stock The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-02-02,34.794,35.095,34.306,34.34,
CSGP,2018-02-05,34.0,34.54,33.506,33.833,
CSGP,2018-02-06,33.304,34.105,32.835,33.519,
CSGP,2018-02-07,33.529,34.102,33.48,33.747,
CSGP,2018-02-08,33.831,34.23,32.906,32.906,
CSGP,2018-02-09,33.118,33.236,31.836,32.799,"[""Unisys (UIS) Surpasses Q4 Earnings and Revenue Estimates"", ""Unisys (UIS) Surpasses Q4 Earnings and Revenue Estimates"", ""Unisys (UIS) Surpasses Q4 Earnings and Revenue Estimates Unisys CorporationUIS reported strong fourth-quarter 2017 results with healthy year-over-year increase in revenues and earnings. Adjusted earnings for the quarter were $127 million or $1.75 per share compared with $43.2 million or 60 cents per share in the year-earlier quarter. The bottom line comfortably beat the Zacks Consensus Estimate of 18 cents. The year-over-year increase in adjusted earnings was aided by a healthy rise in revenues and a moderate decline in operating expenses. The company reported adjusted earnings of $2.42 per share for full-year 2017. Earnings Highlights GAAP earnings for the reported quarter were $51.2 million or 77 cents per share against GAAP loss of $1.2 million or loss of 2 cents per share in the year-ago quarter. The surge was aided by restructuring initiatives by the company in the prior years. GAAP loss for the year was $1.28 per share compared with loss of 95 cents in the prior year. With successful implementation of operational plans, the company reported healthy rise in revenues for the reported quarter. Total revenues came in at $746.6 million compared with $721.7 million in the year-ago quarter. It surpassed the Zacks Consensus Estimate of $698 million. The Services segment recorded revenues of $592.6 million, down from $596.5 million in the prior-year quarter. Technology segment's revenues increased to $154 million from $125.2 million in the year-earlier quarter. This segment showed strong revenue increase driven by higher demand in its product line, particularly for ClearPath Forward products. Unisys Corporation Price, Consensus and EPS Surprise Unisys Corporation Price, Consensus and EPS Surprise | Unisys Corporation Quote Margins Non-GAAP operating profit for the reported quarter was $118.2 million compared with $69.9 million in the prior-year quarter. Also, non-GAAP operating profit margin was 15.8% for the quarter, up 610 basis points. Balance Sheet and Cash Flow As of Dec 31, 2017, Unisys had $733.9 million in cash and cash equivalents compared with $370.6 million in the prior-year period. Long-term debt was $633.9 million compared with $194 million a year ago. For 2017, the company generated $166.4 million of cash from operating activities compared with $218.2 million in 2016. Adjusted free cash flow for the year was $198.6 million compared with $277.6 million in the prior year. Moving Forward For 2018, the company expects revenues in the range of $2.7-$2.83 billion, with a slight decrease in revenues and margins in the Technology segment. Non-GAAP operating margin in the range of 7.8-8.8% and adjusted EBITDA margin in the range of 13.7-14.9% are expected. Zacks Rank & Stocks to Consider Unisys has a Zacks Rank #5 (Strong Sell). Better-ranked stocks in the industry include CDK Global, Inc. CDK , CoStar Group, Inc. CSGP and Fair Isaac Corporation FICO each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . CDK Global has an expected long-term earnings growth rate of 15%. It exceeded estimates in each of the trailing four quarters with an average beat of 11.3%. CoStar has an expected long-term earnings growth rate of 16.8%. Fair Isaac has an expected long-term earnings growth rate of 10%. The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce \""the world's first trillionaires,\"" but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Unisys Corporation (UIS): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Fair Isaac Corporation (FICO): Free Stock Analysis Report CDK Global, Inc. (CDK): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Unisys (UIS) Surpasses Q4 Earnings and Revenue Estimates""]"
CSGP,2018-02-12,33.025,33.827,32.61,33.423,
CSGP,2018-02-13,33.323,34.308,33.102,34.301,
CSGP,2018-02-14,34.189,34.563,34.113,34.563,"[""Zevenbergen Capital Investments Llc Buys PayPal Holdings Inc, CoStar Group Inc, Activision ..."", ""Zevenbergen Capital Investments Llc Buys PayPal Holdings Inc, CoStar Group Inc, Activision ..."", ""Zevenbergen Capital Investments Llc Buys PayPal Holdings Inc, CoStar Group Inc, Activision ...""]"
CSGP,2018-02-15,34.769,34.886,34.26,34.799,
CSGP,2018-02-16,34.78,35.264,34.75,35.014,"[""CoStar Group Reports Received Antitrust Clearance From FTC For Purchase Of ForRent"", ""CoStar Group Reports Received Antitrust Clearance From FTC For Purchase Of ForRent"", ""CoStar Group Reports Received Antitrust Clearance From FTC For Purchase Of ForRent""]"
CSGP,2018-02-20,34.953,35.606,34.427,35.184,"[""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close"", ""Notable earnings after Wednesday's close""]"
CSGP,2018-02-21,35.185,35.606,34.978,35.289,"[""CoStar Group EPS in-line, beats on revenue"", ""Infosys (INFY), PTC Jointly Open Innovation Hub in Bengaluru"", ""CoStar Group Reports Q4 EPS $1.22 vs $1.25 Est., Sales $254M vs $252M Est."", ""CoStar Group Sees FY18 Sales $1.17-$1.19B vs $1.11B Est., Q1 Sales $269-$272M vs $260M Est."", ""CoStar Group Sees FY18 Sales $1.17-$1.19B vs $1.11B Est., Q1 Sales $269-$272M vs $260M Est."", ""CoStar Group Reports Q4 EPS $1.22 vs $1.25 Est., Sales $254M vs $252M Est."", ""CoStar Group EPS in-line, beats on revenue"", ""Infosys (INFY), PTC Jointly Open Innovation Hub in Bengaluru"", ""Infosys (INFY), PTC Jointly Open Innovation Hub in Bengaluru Recently, Infosys LimitedINFY unveiled a combined Center of Excellence (CoE) with PTC India Ltd. ('PTC') in its Bengaluru campus. The new CoE will innovate premium solutions required for greenfield as well as brownfield industrial arrangements. Over the last three months, shares of this Zacks Rank #3 (Hold) company rallied 16.1%, outperforming 4% growth recorded by the industry . The newBengaluru CoE will strengthen Infosys' conventional industry domains, in-depth product engineering know-how and Industry 4.0 leadership. The company intends to make targeted investments for inventing vertical-specific solutions powering technologies over the long term. These solutions will include an elaborate Internet of Things (IoT) ecosystem which will help consolidate the PTC ThingWorx platform. Some of these would be advanced product lifecycle management (PLM) solutions, service lifecycle management (SLM) solutions and Augmented Reality (AR) experiences. Notably, the users will be able to enjoy the benefits of IoT with these solutions. Key Picks Some better-ranked stocks in the same space are listed below: CSRA Inc. CSRA sports a Zacks Rank of 1 (Strong Buy). The company's earnings per share (EPS) is predicted to be up 9.5% in the next three to five years. You can see the complete list of today's Zacks #1 Rank stocks here . CDK Global, Inc. CDK holds a Zacks Rank of 2 (Buy). The company's EPS is projected to rise grow 15% over the next three to five years. CoStar Group, Inc. CSGP also carries a Zacks Rank of 2. The company's EPS is predicted to grow 16.8% during the same time frame. Today's Stocks from Zacks' Hottest Strategies It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively. And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report CDK Global, Inc. (CDK): Free Stock Analysis Report CSRA Inc. (CSRA): Free Stock Analysis Report Infosys Limited (INFY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""After-Hours Earnings Report for February 21, 2018 : ETP, CLR, ETE, HST, ANSS, O, SNPS, CSGP, Y, TYL, WR, SUI The following companies are expected to report earnings after hours on 02/21/2018. Visit our Earnings Calendar for a full list of expected earnings releases. Energy Transfer Partners, L.P. ( ETP ) is reporting for the quarter ending December 31, 2017. The oil/gas company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.28. This value represents a 3.45% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ETP is 27.70 vs. an industry ratio of 17.30, implying that they will have a higher earnings growth than their competitors in the same industry. Continental Resources, Inc. ( CLR ) is reporting for the quarter ending December 31, 2017. The oil (us exp & production) company's consensus earnings per share forecast from the 15 analysts that follow the stock is $0.32. This value represents a 557.14% increase compared to the same quarter last year. CLR missed the consensus earnings per share in the 1st calendar quarter of 2017 by -33.33%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for CLR is 133.49 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. Energy Transfer Equity, L.P. ( ETE ) is reporting for the quarter ending December 31, 2017. The oil/gas company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.32. This value represents a 52.38% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ETE is 16.51 vs. an industry ratio of 17.30. Host Hotels & Resorts, Inc. ( HST ) is reporting for the quarter ending December 31, 2017. The reit company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.39. This value represents a 4.88% decrease compared to the same quarter last year. In the past year HST has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for HST is 11.75 vs. an industry ratio of 16.80. ANSYS, Inc. ( ANSS ) is reporting for the quarter ending December 31, 2017. The computer software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.95. This value represents a 3.26% increase compared to the same quarter last year. ANSS missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -1.12%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for ANSS is 46.87 vs. an industry ratio of 43.50, implying that they will have a higher earnings growth than their competitors in the same industry. Realty Income Corporation ( O ) is reporting for the quarter ending December 31, 2017. The reit company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.77. This value represents a no change for the same quarter last year. In the past year O has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2017 Price to Earnings ratio for O is 16.52 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry. Synopsys, Inc. ( SNPS ) is reporting for the quarter ending January 31, 2018. The computer software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.65. This value represents a 16.07% increase compared to the same quarter last year. SNPS missed the consensus earnings per share in the 4th calendar quarter of 2017 by -396.3%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for SNPS is 40.07 vs. an industry ratio of 43.50. CoStar Group, Inc. ( CSGP ) is reporting for the quarter ending December 31, 2017. The information technology services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.08. This value represents a 2.70% decrease compared to the same quarter last year. In the past year CSGP has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 23%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for CSGP is 91.63 vs. an industry ratio of 69.50, implying that they will have a higher earnings growth than their competitors in the same industry. Alleghany Corporation ( Y ) is reporting for the quarter ending December 31, 2017. The insurance (property & casualty) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $7.58. This value represents a 7.98% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for Y is -2454.54 vs. an industry ratio of -31.00. Tyler Technologies, Inc. ( TYL ) is reporting for the quarter ending December 31, 2017. The business software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.89. This value represents a 17.11% increase compared to the same quarter last year. In the past year TYL has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 3.49%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for TYL is 63.27 vs. an industry ratio of 141.50. Westar Energy, Inc. ( WR ) is reporting for the quarter ending December 31, 2017. The electric power utilities company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.39. This value represents a 2.63% increase compared to the same quarter last year. Zacks Investment Research reports that the 2017 Price to Earnings ratio for WR is 20.27 vs. an industry ratio of 18.90, implying that they will have a higher earnings growth than their competitors in the same industry. Sun Communities, Inc. ( SUI ) is reporting for the quarter ending December 31, 2017. The reit company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.98. This value represents a 7.69% increase compared to the same quarter last year. In the past year SUI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 0.89%. Zacks Investment Research reports that the 2017 Price to Earnings ratio for SUI is 20.57 vs. an industry ratio of 15.40, implying that they will have a higher earnings growth than their competitors in the same industry. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Sees FY18 Sales $1.17-$1.19B vs $1.11B Est., Q1 Sales $269-$272M vs $260M Est."", ""CoStar Group Reports Q4 EPS $1.22 vs $1.25 Est., Sales $254M vs $252M Est."", ""CoStar Group EPS in-line, beats on revenue"", ""Infosys (INFY), PTC Jointly Open Innovation Hub in Bengaluru""]"
CSGP,2018-02-22,35.301,35.301,33.217,35.158,"[""CoStar Group's (CSGP) CEO Andy Florance on Q4 2017 Results - Earnings Call Transcript"", ""Mid-Morning Market Update: Markets Open Higher; PPL Profit Tops Expectations"", ""Mid-Morning Market Update: Markets Open Higher; PPL Profit Tops Expectations"", ""CoStar Group's (CSGP) CEO Andy Florance on Q4 2017 Results - Earnings Call Transcript"", ""Mid-Morning Market Update: Markets Open Higher; PPL Profit Tops Expectations Following the market opening Thursday, the Dow traded up 0.69 percent to 24,969.40 while the NASDAQ climbed 0.56 percent to 7,258.50. The S&P also rose, gaining 0.58 percent to 2,717.03. Leading and Lagging Sectors Thursday morning, the non-cyclical consumer goods & services shares climbed 0.81 percent. In trading on Thursday, financial shares rose by just 0.02 percent. Meanwhile, top losers in the sector included Lendingtree Inc (NASDAQ: TREE ), down 9 percent, and CoStar Group Inc (NASDAQ: CSGP ) down 4 percent. Top Headline PPL (NYSE: PPL ) reported stronger-than-expected earnings for its fourth quarter. The company said it earned $0.55 per share in the fourth quarter on revenue of $1.92 billion versus expectations of $0.48 per share on revenue of $2.03 billion. PPL expects FY18 earnings of $2.30 per share. PPL raised its annual dividend from $1.58 to $1.64 per share. Equities Trading UP Sangamo Therapeutics Inc (NASDAQ: SGMO ) shares shot up 18 percent to $26.25. Sangamo Therapeutics posted strong Q4 results. Gilead's Kite and Sangamo Therapeutics disclosed a collaboration to develop generation engineered cell therapies for cancer treatment. Shares of Mammoth Energy Services Inc (NASDAQ: TUSK ) got a boost, shooting up 13 percent to $22.57. Mammoth Energy reported a Q4 loss of $65.9 million, on sales of $369 million. AAC Holdings Inc (NYSE: AAC ) shares were also up, gaining 24 percent to $10.40 after the company reported upbeat Q4 results. Equities Trading DOWN Macquarie Infrastructure Corp (NYSE: MIC ) shares dropped 38 percent to $39.68 following Q4 report. The company declared a $1.44 per share dividend but gave '18 dividend guidance suggesting its quarterly dividend would be cut to $1 per share. Shares of Advaxis, Inc. (NASDAQ: ADXS ) were down 24 percent to $1.90. Advaxis priced its 10 million share offering at $2 per share. . Applied Optoelectronics Inc (NASDAQ: AAOI ) was down, falling around 22 percent to $27.10 after reporting a fourth quarter sales miss. Adjusted earnings came in at 89 cents per share, beating estimates by 6 cents. Sales came in at $79.9 million, missing estimates by $6 million. The company issued weak first quarter earnings and sales guidance. Commodities In commodity news, oil traded up 0.41 percent to $61.93 while gold traded down 0.20 percent to $1,329.40. Silver traded down 0.47 percent Thursday to $16.60, while copper rose 0.14 percent to $3.2415. Eurozone European shares were mostly lower today. The eurozone's STOXX 600 fell 0.61 percent, the Spanish Ibex Index gained 0.23 percent, while Italy's FTSE MIB Index dipped 0.71 percent. Meanwhile the German DAX dropped 0.76 percent, and the French CAC 40 fell 0.36 percent while U.K. shares fell 1.02 percent. Economics Initial jobless claims dropped 7,000 to 222,000 in the latest week. However, economists were expecting claims to reach 230,000 last week. The Conference Board's leading economic index rose 1 percent for January. The Energy Information Administration's weekly report on natural gas stocks in underground storage will be released at 10:30 a.m. ET. The Kansas City Fed manufacturing index for February is schedule for release at 11:00 a.m. ET. The Energy Information Administration's weekly report on petroleum inventories is schedule for release at 11:00 a.m. ET. Atlanta Federal Reserve Bank President Raphael Bostic is set to speak in Atlanta, Georgia at 12:10 p.m. ET. The Treasury is set to auction 7-year notes at 1:00 p.m. ET. Dallas Federal Reserve Bank President Robert Kaplan will speak at 3:30 p.m. ET. Data on money supply for the recent week will be released at 4:30 p.m. ET. \u00a9 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Mid-Morning Market Update: Markets Open Higher; PPL Profit Tops Expectations"", ""CoStar Group's (CSGP) CEO Andy Florance on Q4 2017 Results - Earnings Call Transcript""]"
CSGP,2018-02-23,35.293,35.677,34.831,35.499,
CSGP,2018-02-26,35.853,35.884,35.238,35.34,
CSGP,2018-02-27,35.2,35.25,34.4,34.4,"[""Amdocs Collaborates With Amazon Web for AmdocsONE Launch"", ""Ron Baron Trims Under Armour, Amazon, Inovalon"", ""Ron Baron Trims Under Armour, Amazon, Inovalon"", ""Amdocs Collaborates With Amazon Web for AmdocsONE Launch"", ""Amdocs Collaborates With Amazon Web for AmdocsONE Launch In a concerted effort to improve the business agility of Communications Service Providers in a cloud-based environment, Amdocs LimitedDOX formed a strategic collaboration with Amazon Web Services, a subsidiary of Amazon.com, Inc. AMZN . The partnership will enable Amdocs to develop solutions that would help the service providers to better adapt to the digital world in a cost-effective way. According to a survey conducted by research firm, Analysis Mason, more than 90% work of Communications Service Providers will run on cloud by 2022. This would require a smooth transition into an optimized hybrid cloud operational environment. In order to bridge this digital divide, Amdocs intends to launch AmdocsONE - an open, modular and integrated solution set with a rich set of capabilities built on cloud-native and microservices technologies and delivered with DevOps practices. The collaboration with Amazon Web Services will facilitate the easy access of AmdocsONE and will help the service providers to modernize their operations on an outsourced basis, thereby lowering costs. In addition, Amdocs aims to use state-of-the-art technologies around open source, hyper-scale systems and elastic network scaling to create cloud-native environments for testing new offerings and disruptive business models. These, in turn, will likely lead to faster time to market and greater business agility for the service providers with simple, contextual and valuable customer interactions at every point of engagement across all channels. Leveraging industry-specific best practices and methodologies, AmdocsONE follows a low-risk approach for a series of short, business-defined projects with predictable cost and scope, delivering superior business value. With an open and modular structure, it also offers great flexibility to the service providers to choose the modules that they want in order to bridge the gap between these new modules and their legacy systems. With strategic acquisitions and collaborations, Amdocs has evolved as a unique vendor providing both end-to-end business support solutions and operating support solutions to the carrier marketplace. The company continues to boost shareholders' wealth by continuously repurchasing shares and paying regular dividends to its shareholders. Moreover, the company has increased its quarterly dividend by 13.6% to 25 cents per share. Amdocs expects to deliver total return to shareholders in mid to single high digits for the seventh consecutive year in fiscal 2018. However, the company has underperformed the industry in the last three months with an average return of 3% compared with a gain of 5.6% for the latter. It remains to be seen how the stock performs in future with the new product offering. Amdocs carries a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the industry are CoStar Group, Inc. CSGP and Fair Isaac Corporation FICO , both carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . CoStar Group has a long-term earnings growth expectation of 16.8%. It delivered an average positive earnings surprise of 18.3% in the trailing four quarters, beating estimates thrice. Fair Isaac has a long-term earnings growth expectation of 10%. Zacks Top 10 Stocks for 2018 In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018? Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don't miss your chance to get in on these long-term buys. Access Zacks Top 10 Stocks for 2018 today >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Fair Isaac Corporation (FICO): Free Stock Analysis Report Amdocs Limited (DOX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""The Implied Analyst 12-Month Target For AMCA Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares Russell 1000 Pure U.S. Revenue ETF (Symbol: AMCA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $29.78 per unit. With AMCA trading at a recent price near $27.17 per unit, that means that analysts see 9.61% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of AMCA's underlying holdings with notable upside to their analyst target prices are Zillow Group Inc (Symbol: ZG), CoStar Group, Inc. (Symbol: CSGP), and Host Hotels & Resorts Inc (Symbol: HST). Although ZG has traded at a recent price of $46.56/share, the average analyst target is 9.68% higher at $51.07/share. Similarly, CSGP has 9.65% upside from the recent share price of $353.40 if the average analyst target price of $387.50/share is reached, and analysts on average are expecting HST to reach a target price of $20.83/share, which is 9.65% above the recent price of $19.00. Below is a twelve month price history chart comparing the stock performance of ZG, CSGP, and HST: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Ron Baron Trims Under Armour, Amazon, Inovalon"", ""Amdocs Collaborates With Amazon Web for AmdocsONE Launch""]"
CSGP,2018-02-28,34.578,35.073,34.16,34.213,
CSGP,2018-03-01,34.304,35.136,34.147,34.45,
CSGP,2018-03-02,34.207,35.004,33.784,34.828,
CSGP,2018-03-05,34.683,35.808,34.011,35.708,
CSGP,2018-03-06,35.821,35.982,35.578,35.71,
CSGP,2018-03-07,35.55,35.966,35.481,35.606,3 Growth Stocks for the Long Haul Sandhill Investment Management’s Concentrated Equity Alpha portfolio has more than doubled the S&P 500 since its 2004 inception. What it’s buying now.
CSGP,2018-03-08,35.798,35.798,35.45,35.654,
CSGP,2018-03-09,35.939,36.167,35.722,36.122,
CSGP,2018-03-12,36.222,36.768,35.908,35.939,
CSGP,2018-03-13,35.895,36.401,35.662,36.31,
CSGP,2018-03-14,36.528,36.833,36.358,36.442,
CSGP,2018-03-15,36.471,36.572,36.116,36.359,
CSGP,2018-03-16,36.505,36.991,36.398,36.78,
CSGP,2018-03-19,36.554,37.222,36.173,36.602,"[""Unisys (UIS) Poised to Benefit From Core Business Focus"", ""Unisys (UIS) Poised to Benefit From Core Business Focus"", ""PRFZ, KTOS, CSGP, LII: Large Inflows Detected at ETF Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the PowerShares FTSE RAFI US 1500 Small-Mid Portfolio (Symbol: PRFZ) where we have detected an approximate $392.8 million dollar inflow -- that's a 20.1% increase week over week in outstanding units (from 14,700,000 to 17,650,000). Among the largest underlying components of PRFZ, in trading today Kratos Defense & Security Solutions, Inc. (Symbol: KTOS) is up about 2.1%, CoStar Group, Inc. (Symbol: CSGP) is down about 0.6%, and Lennox International Inc (Symbol: LII) is lower by about 0.8%. For a complete list of holdings, visit the PRFZ Holdings page \u00bb The chart below shows the one year price performance of PRFZ, versus its 200 day moving average: Looking at the chart above, PRFZ's low point in its 52 week range is $112.11 per share, with $136.76 as the 52 week high point - that compares with a last trade of $131.75. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average \u00bb . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Unisys (UIS) Poised to Benefit From Core Business Focus On Mar 19, we issued an updated research report on Unisys CorporationUIS . Information technology firm Unisys has been restructuring business to improve profitability. The restructuring plan includes selling non-core businesses and revamping sales strategy, investing in a few higher-growth areas such as outsourcing. We expect the company to continue with its cost-control initiatives and put greater effort toward sales growth, as it strives to overcome operational weaknesses. Unisys is focusing on building specialized industry skills and resources required to capitalize on industry-specific project opportunities. The company is investing heavily in developing a team dedicated to pursue growth opportunities for application-managed services for both existing and new clients. These application-based managed services capability will enable Unisys to effectively pursue long-term application outsourcing opportunities, associated application modernization and project work implementation. Further, Unisys is focusing its resources and investments in four targeted, high-potential market areas, including security (IT security and physical security), data center transformation and outsourcing services, end-user outsourcing and support services, and applications modernization and outsourcing services. As it seeks to keep pace with the evolution in the IT industry, the company's services unit is poised to take advantage of the growth prospects in higher-margin services. Unisys has secured quite a few contracts in these segments recently that should propel its top-line in the coming quarters. In addition, the information technology industry is presently undergoing a transition phase, forging new disruptive trends in cloud mobility, Big Data, social computing and increasing awareness of cyber security. In order to capitalize on these trends, Unisys is rationalizing its services and solution portfolio by shifting offerings to cloud-based and software-as-a-service delivery models. Unisys continued its transition to a more asset-lite business model, which resulted in reduced CapEx needs and improved cash flow. The company successfully executed its vertical go-to-market strategy, including hiring leaders of key sectors. The company is also concentrating on business opportunities in though fewer but more profitable sectors in the IT marketplace. Unisys stock has returned 40.1%, outperforming the industry 's 8.5% gain in the last three months. The company reported strong fourth-quarter 2017 results with healthy year-over-year increase in revenues and earnings. Adjusted earnings for the quarter were $127 million or $1.75 per share compared with $43.2 million or 60 cents in the year-earlier quarter. The bottom line comfortably beat the Zacks Consensus Estimate of 18 cents. The year-over-year increase in adjusted earnings was aided by a healthy rise in revenues and a moderate decline in operating expenses. Total revenues came in at $746.6 million compared with $721.7 million in the year-ago quarter. It surpassed the Zacks Consensus Estimate of $698 million. We remain impressed with the inherent growth potential of this Zacks Rank #1 (Strong Buy) stock. Some other top-ranked stocks in the industry worth mentioning are CoStar Group, Inc. CSGP , DXC Technology Company DXC and MAM Software Group, Inc. MAMS , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . CoStar Group has a long-term earnings growth expectation of 16.8%. It surpassed estimates thrice in the trailing four quarters with an average positive earnings surprise of 18.3%. DXC Technology has a long-term earnings growth expectation of 10.5%. It surpassed estimates in each of the trailing four quarters with an average positive earnings surprise of 23.9%. MAM Software Group has topped estimates in each of the trailing four quarters with an average positive earnings surprise of 94.8%. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Unisys Corporation (UIS): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report MAM Software Group, Inc. (MAMS): Free Stock Analysis Report DXC Technology Company. (DXC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Unisys (UIS) Poised to Benefit From Core Business Focus""]"
CSGP,2018-03-20,36.583,37.66,36.496,37.58,
CSGP,2018-03-21,37.49,37.857,37.08,37.373,
CSGP,2018-03-22,37.029,37.32,35.717,35.788,
CSGP,2018-03-23,35.843,36.256,35.505,36.142,
CSGP,2018-03-26,36.538,36.976,35.703,36.683,
CSGP,2018-03-27,36.845,37.026,35.611,35.999,"[""Amdocs (DOX) to Provide ONAP in Collaboration With Microsoft"", ""Amdocs (DOX) to Provide ONAP in Collaboration With Microsoft"", ""Amdocs (DOX) to Provide ONAP in Collaboration With Microsoft""]"
CSGP,2018-03-28,35.998,36.144,35.21,35.603,
CSGP,2018-03-29,35.814,36.729,35.598,36.268,"Unisys (UIS) Unveils New Advanced Endpoint Security Solution Unisys CorporationUIS announced a new Advanced Endpoint Protection solution, which aims to help organizations by protecting them from advanced cyber threats with the help of artificial intelligence (AI) threat prevention measures. The inclusion of Unisys Stealth micro segmentation software provides organizations with the ability to hide critical assets and create virtual secure perimeters. The company's security solutions combine experienced consulting, advanced products and managed services for the entire security lifecycle from prediction and prevention to detection of rapidly evolving cyber threats. To drive future growth, Unisys is focusing its resources and investments in four targeted, high-potential market areas, including security (IT security and physical security); data center transformation and outsourcing services; end-user outsourcing and support services; and applications modernization and outsourcing services. The information technology industry is presently undergoing a transition phase, forging new disruptive trends in cloud mobility, Big Data, social computing and increasing awareness of cyber security. In order to capitalize on the trends, Unisys is rationalizing its services and solution portfolio by shifting its offerings to cloud-based and software-as-a-service delivery models. Unisys continued its transition to a more asset-lite business model, which resulted in reduced CapEx needs and improved cash flow. The company successfully executed its vertical go-to-market strategy, including hiring leaders of key sectors. The stock has outperformed the industry in the last three months, with an average return of 28.8% compared with growth of 2.5% for the latter. Unisys maintains a strong product line in its Technology segment while expanding its distribution capabilities by building new reseller channels. The company's sustained investments in strategic high-potential products and services are expected to drive growth and boost results. Unisys sports a Zacks Rank #1 (Strong Buy). Some other top-ranked stocks in the industry are CoStar Group, Inc. CSGP , DXC Technology Company DXC and MAM Software Group, Inc. MAMS , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here . CoStar Group has a long-term earnings growth expectation of 16.8%. It surpassed earnings estimates thrice in the trailing four quarters, with an average beat of 18.3%. DXC Technology has a long-term earnings growth expectation of 10.5%. It surpassed earnings estimates in each of the trailing four quarters, the average being 23.9%. MAM Software Group exceeded earnings estimates in each of the trailing four quarters, with an average beat of 94.8%. Investor Alert: Breakthroughs Pending A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline. Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now. Click here to see them >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Unisys Corporation (UIS): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report MAM Software Group, Inc. (MAMS): Free Stock Analysis Report DXC Technology Company. (DXC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-04-02,36.252,36.332,34.758,35.113,
CSGP,2018-04-03,35.248,36.02,35.145,35.33,
CSGP,2018-04-04,34.854,35.978,34.216,35.905,
CSGP,2018-04-05,35.964,36.116,35.455,35.529,
CSGP,2018-04-06,35.378,35.871,34.794,35.128,
CSGP,2018-04-09,35.453,35.997,34.843,35.686,
CSGP,2018-04-10,36.038,36.167,35.53,36.022,
CSGP,2018-04-11,35.931,36.467,35.931,35.931,
CSGP,2018-04-12,36.039,36.987,36.011,36.773,
CSGP,2018-04-13,36.792,36.792,36.067,36.406,"[""Investor Expectations to Drive Momentum within Criteo S. ..."", ""Investor Expectations to Drive Momentum within Criteo S. ..."", ""Investor Expectations to Drive Momentum within Criteo S. ...""]"
CSGP,2018-04-16,36.595,36.886,36.327,36.747,
CSGP,2018-04-17,36.963,37.793,36.963,37.676,
CSGP,2018-04-18,37.839,38.121,37.501,37.773,
CSGP,2018-04-19,37.683,37.945,37.45,37.755,"[""Should You Buy CoStar Group (CSGP) Ahead of Earnings?"", ""Should You Buy CoStar Group (CSGP) Ahead of Earnings?"", ""Should You Buy CoStar Group (CSGP) Ahead of Earnings? Investors are always looking for stocks that are poised to beat at earnings season CoStar Group, Inc.CSGP may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because CoStar Group is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings - with the most up-to-date information possible - is a pretty good indicator of some favorable trends underneath the surface for CSGP in this report. In fact, the Most Accurate Estimate for the current quarter is currently at $1.38 per share for CSGP, compared to a broader Zacks Consensus Estimate of $1.37 per share. This suggests that analysts have very recently bumped up their estimates for CSGP, giving the stock a Zacks Earnings ESP of +0.12% heading into earnings season. CoStar Group, Inc. Price and EPS Surprise CoStar Group, Inc. Price and EPS Surprise | CoStar Group, Inc. Quote Why is this Important? A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here ). Given that CSGP sports a Zacks Rank #1 (Strong Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today's Zacks #1 Rank stocks here . Clearly, recent earnings estimate revisions suggest that good things are ahead for CoStar Group, and that a beat might be in the cards for the upcoming report. The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce \""the world's first trillionaires,\"" but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Should You Buy CoStar Group (CSGP) Ahead of Earnings?""]"
CSGP,2018-04-20,38.006,38.018,37.555,37.693,
CSGP,2018-04-23,37.735,37.735,36.578,36.886,"[""CoStar Group's (CSGP) CEO Andrew Florance on Q1 2018 Results - Earnings Call Transcript"", ""CoStar Group beats by $0.28, beats on revenue"", ""Can Higher Climate Revenues Buoy Ingersoll (IR) Q1 Earnings?"", ""CoStar Group Q1 EPS $1.44 Beats $1.37 Est., Sales $274M Beats $270.7M Est."", ""CoStar Group Raises FY18 Guidance"", ""UPDATE: CoStar Group Raises FY18 Sales Outlook To $1.174B-$1.19B vs $1.17B Est."", ""UPDATE: CoStar Group Sees Q2 Adj. EPS $1.25-$1.34 vs $1.24 Est., Sales $292M-$295M vs $291.97M Est.; FY18 Adj. EPS $7.44-$7.64 vs $7.15 Est."", ""UPDATE: CoStar Group Sees Q2 Adj. EPS $1.25-$1.34 vs $1.24 Est., Sales $292M-$295M vs $291.97M Est.; FY18 Adj. EPS $7.44-$7.64 vs $7.15 Est."", ""UPDATE: CoStar Group Raises FY18 Sales Outlook To $1.174B-$1.19B vs $1.17B Est."", ""CoStar Group Raises FY18 Guidance"", ""CoStar Group Q1 EPS $1.44 Beats $1.37 Est., Sales $274M Beats $270.7M Est."", ""CoStar Group's (CSGP) CEO Andrew Florance on Q1 2018 Results - Earnings Call Transcript"", ""CoStar Group beats by $0.28, beats on revenue"", ""Can Higher Climate Revenues Buoy Ingersoll (IR) Q1 Earnings?"", ""After-Hours Earnings Report for April 23, 2018 : GOOGL, CNI, AMTD, AMP, ABX, CSGP, ZION, WHR, CDNS, ELS, SUI, BRO The following companies are expected to report earnings after hours on 04/23/2018. Visit our Earnings Calendar for a full list of expected earnings releases. Alphabet Inc. ( GOOGL ) is reporting for the quarter ending March 31, 2018. The internet services company's consensus earnings per share forecast from the 13 analysts that follow the stock is $9.21. This value represents a 19.15% increase compared to the same quarter last year. GOOGL missed the consensus earnings per share in the 4th calendar quarter of 2017 by -4.15%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for GOOGL is 26.17 vs. an industry ratio of 28.10. Canadian National Railway Company ( CNI ) is reporting for the quarter ending March 31, 2018. The transportation (rail) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.80. This value represents a 9.09% decrease compared to the same quarter last year. The last two quarters CNI had negative earnings surprises; the latest report they missed by -4.08%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CNI is 18.72 vs. an industry ratio of 16.20, implying that they will have a higher earnings growth than their competitors in the same industry. TD Ameritrade Holding Corporation ( AMTD ) is reporting for the quarter ending March 31, 2018. The investment bankers company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.72. This value represents a 80.00% increase compared to the same quarter last year. AMTD missed the consensus earnings per share in the 1st calendar quarter of 2017 by -2.44%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AMTD is 19.56 vs. an industry ratio of 12.50, implying that they will have a higher earnings growth than their competitors in the same industry. AMERIPRISE FINANCIAL SERVICES, INC. ( AMP ) is reporting for the quarter ending March 31, 2018. The finance/investment management company's consensus earnings per share forecast from the 3 analysts that follow the stock is $3.50. This value represents a 29.63% increase compared to the same quarter last year. In the past year AMP has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 6.54%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AMP is 9.99 vs. an industry ratio of 16.00. Barrick Gold Corporation ( ABX ) is reporting for the quarter ending March 31, 2018. The gold mining company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.15. This value represents a 7.14% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ABX is 15.87 vs. an industry ratio of -7.70, implying that they will have a higher earnings growth than their competitors in the same industry. CoStar Group, Inc. ( CSGP ) is reporting for the quarter ending March 31, 2018. The information technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.17. This value represents a 32.95% increase compared to the same quarter last year. CSGP missed the consensus earnings per share in the 4th calendar quarter of 2017 by -2.78%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CSGP is 60.31 vs. an industry ratio of 116.80. Zions Bancorporation ( ZION ) is reporting for the quarter ending March 31, 2018. The bank (west) company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.83. This value represents a 36.07% increase compared to the same quarter last year. In the past year ZION has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ZION is 14.58 vs. an industry ratio of 15.10. Whirlpool Corporation ( WHR ) is reporting for the quarter ending March 31, 2018. The household appliance company's consensus earnings per share forecast from the 3 analysts that follow the stock is $2.92. This value represents a 16.80% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for WHR is 9.92 vs. an industry ratio of 14.00. Cadence Design Systems, Inc. ( CDNS ) is reporting for the quarter ending March 31, 2018. The computer software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.20. This value represents a 20.00% decrease compared to the same quarter last year. In the past year CDNS has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 7.41%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CDNS is 43.55 vs. an industry ratio of -17.20, implying that they will have a higher earnings growth than their competitors in the same industry. Equity Lifestyle Properties, Inc. ( ELS ) is reporting for the quarter ending March 31, 2018. The reit company's consensus earnings per share forecast from the 2 analysts that follow the stock is $1.04. This value represents a 4.00% increase compared to the same quarter last year. In the past year ELS has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ELS is 22.43 vs. an industry ratio of 14.90, implying that they will have a higher earnings growth than their competitors in the same industry. Sun Communities, Inc. ( SUI ) is reporting for the quarter ending March 31, 2018. The reit company's consensus earnings per share forecast from the 2 analysts that follow the stock is $1.13. This value represents a 2.73% increase compared to the same quarter last year. In the past year SUI has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for SUI is 20.11 vs. an industry ratio of 14.90, implying that they will have a higher earnings growth than their competitors in the same industry. Brown & Brown, Inc. ( BRO ) is reporting for the quarter ending March 31, 2018. The insurance brokers company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.30. This value represents a 36.36% increase compared to the same quarter last year. In the past year BRO has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 9.52%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for BRO is 20.93 vs. an industry ratio of 20.70, implying that they will have a higher earnings growth than their competitors in the same industry. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""UPDATE: CoStar Group Sees Q2 Adj. EPS $1.25-$1.34 vs $1.24 Est., Sales $292M-$295M vs $291.97M Est.; FY18 Adj. EPS $7.44-$7.64 vs $7.15 Est."", ""UPDATE: CoStar Group Raises FY18 Sales Outlook To $1.174B-$1.19B vs $1.17B Est."", ""CoStar Group Raises FY18 Guidance"", ""CoStar Group Q1 EPS $1.44 Beats $1.37 Est., Sales $274M Beats $270.7M Est."", ""CoStar Group's (CSGP) CEO Andrew Florance on Q1 2018 Results - Earnings Call Transcript"", ""CoStar Group beats by $0.28, beats on revenue"", ""Can Higher Climate Revenues Buoy Ingersoll (IR) Q1 Earnings?""]"
CSGP,2018-04-24,38.026,39.207,37.235,38.501,"[""CoStar Group up 5% post Q1 results"", ""JP Morgan Maintains Underweight on CoStar Group, Raises Price Target to $353.00"", ""JMP Securities Maintains Market Outperform on CoStar Group, Raises Price Target to $380.00"", ""7 Biggest Price Target Changes For Tuesday"", ""7 Biggest Price Target Changes For Tuesday"", ""JMP Securities Maintains Market Outperform on CoStar Group, Raises Price Target to $380.00"", ""JP Morgan Maintains Underweight on CoStar Group, Raises Price Target to $353.00"", ""CoStar Group up 5% post Q1 results"", ""7 Biggest Price Target Changes For Tuesday"", ""JMP Securities Maintains Market Outperform on CoStar Group, Raises Price Target to $380.00"", ""JP Morgan Maintains Underweight on CoStar Group, Raises Price Target to $353.00"", ""CoStar Group up 5% post Q1 results""]"
CSGP,2018-04-25,38.167,38.204,36.678,37.016,"CoStar Group, Inc. Boosts Full-Year Outlook as Profits Soar CoStar Group (NASDAQ: CSGP) reported first-quarter results on April 23. The provider of commercial real estate information, analytics, and online marketplaces is enjoying a powerful combination of accelerating sales growth and margin expansion, prompting it to raise its guidance for the year ahead. CoStar Group results: The raw numbers Data source: CoStar Group Q1 2018 earnings press release . What happened with CoStar Group this quarter? Multifamily revenue jumped 37% to $88 million, and 23% on an organic basis. CoStar Group continues to fortify its best-in-class apartment-listing network, with recent acquisition ForRent adding 3.7 million unique visitors to its monthly traffic. Combined with Apartments.com and its other rental sites, CoStar's network averaged 15.6 million unique monthly visitors in the first quarter -- representing a year-over-year an increase of 38% -- according to comScore . ""We are moving quickly to integrate the operations of the ForRent business with Apartments.com,"" founder and CEO Andrew Florance said in a press release. ""With ForRent, we have expanded our industry-leading multifamily sales team to over 300 highly seasoned and trained sales professionals, which we believe will result in higher sales and revenue as the year progresses."" Additionally, CoStar Suite revenue rose 19% to $130 million, as the commercial real estate information service's U.S. customer base increased by over 20,000 to approximately 126,000 subscribers. Moreover, CoStar Group is growing more profitable as it expands. Adjusted EBITDA -- which excludes stock-based compensation, acquisition-related charges, and certain other items -- leapt 32% to $84 million, as adjusted EBITDA margin improved by nearly 300 basis points , to 31%. All told, adjusted (non- GAAP ) net income soared 75% to $60 million, and non-GAAP earnings per share surged 57% to $1.65. Looking forward These strong results prompted CoStar Group to boost its full-year financial outlook, which now includes: Revenue of $1.174 billion to $1.19 billion, representing growth of 22% at the midpoint, and up from a prior estimate of $1.17 billion to $1.19 billion. Adjusted EBITDA of $380 million to $390 million, up from $365 million to $375 million. Non-GAAP EPS of $7.44 to $7.64, up from $7.01 to $7.21. For the second quarter, CoStar Group expects revenue of $292 million to $295 million, adjusted EBITDA of $66 million to $70 million, and non-GAAP EPS of $1.25 to $1.34. ""With our continued strong sales and revenue performance and focus on margin improvement, we are raising our guidance for the full year of 2018,"" CFO Scott Wheeler said. ""Our first quarter performance increases our confidence in achieving our goal of 40% adjusted EBITDA margin for the fourth quarter of 2018."" 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of April 2, 2018 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-04-26,37.266,37.679,36.953,37.062,
CSGP,2018-04-27,37.198,37.293,36.615,36.912,
CSGP,2018-04-30,36.967,37.065,36.471,36.666,
CSGP,2018-05-01,36.644,37.195,36.326,36.898,"Analysts Forecast 11% Upside For IYR Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares U.S. Real Estate ETF (Symbol: IYR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $83.70 per unit. With IYR trading at a recent price near $75.62 per unit, that means that analysts see 10.69% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IYR's underlying holdings with notable upside to their analyst target prices are Four Corners Property Trust Inc (Symbol: FCPT), CoStar Group, Inc. (Symbol: CSGP), and Howard Hughes Corp (Symbol: HHC). Although FCPT has traded at a recent price of $22.66/share, the average analyst target is 11.98% higher at $25.38/share. Similarly, CSGP has 11.76% upside from the recent share price of $366.66 if the average analyst target price of $409.78/share is reached, and analysts on average are expecting HHC to reach a target price of $150.00/share, which is 10.86% above the recent price of $135.30. Below is a twelve month price history chart comparing the stock performance of FCPT, CSGP, and HHC: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-05-02,36.875,37.17,36.372,36.83,"[""Unisys (UIS) Tops Q1 Earnings & Revenues, Repeats '18 View"", ""NCR Tops Q1 Earnings & Revenue Estimates, Reaffirms '18 View"", ""Unisys (UIS) Tops Q1 Earnings & Revenues, Repeats '18 View"", ""NCR Tops Q1 Earnings & Revenue Estimates, Reaffirms '18 View"", ""Unisys (UIS) Tops Q1 Earnings & Revenues, Repeats '18 View Unisys CorporationUIS started 2018 on a positive note, reporting year-over-year growth in GAAP revenues and earnings for the first quarter. The company's revenues and earnings for the quarter came in at $708.4 million and 62 cents per share, respectively. In the year-ago quarter, Unisys had posted revenues of $664.5 million and a loss per share of 65 cents. Furthermore, it should be noted that the company from the first quarter onward has adopted the new revenue recognition rules under the ASC 606 and the same it has reflected under the non-GAAP measures. On a non-GAAP basis, the company registered a decline of 1.4% mainly due to a tough year-over-year comparison. Notably, Unisys had re-negotiated a large contract in the year-ago quarter, which had significantly driven the first-quarter 2017 revenues. Moreover, the company reported non-GAAP earnings of 19 cents per share compared with 32 cents per share posted in the year-earlier quarter. The bottom-line results were negatively impacted by decline in non-GAAP revenues. Unisys Corporation Price, Consensus and EPS Surprise Unisys Corporation Price, Consensus and EPS Surprise | Unisys Corporation Quote Quarter in Detail The Services segment recorded revenues of $568.5 million, down 2.9% from the prior-year quarter. Technology segment's revenues increased to $139.9 million, up 76.6% from the year-earlier quarter. This segment displayed stellar revenue growth, driven by higher demand in its product line, particularly for ClearPath Forward products. Non-GAAP operating profit for the reported quarter was $46.9 million compared with $43.6 million in the prior-year quarter. Also, non-GAAP operating profit margin was 7.2% for the quarter, up 60 basis points. Balance Sheet and Cash Flow As of Mar 31, 2018, Unisys had $656.4 million in cash and cash equivalents compared with $733.9 million in the previous quarter. Long-term debt (excluding current maturities) was $636.2 million compared with $633.9 million witnessed at the end of 2017. During the quarter, the company used $50.2 million of cash for operational activities. Adjusted free cash flow for the quarter was down $50.8 million. Outlook The company reaffirmed its outlook for the current year. For 2018, the company expects GAAP and non-GAAP revenues of $2.75-$2.88 billion and $2.7-$2.83 billion, respectively. GAAP and non-GAAP operating margin are expected in the range of 9.5-10.5% and 7.8-8.8%, respectively. Adjusted EBITDA margin is projected at 13.7-14.9%. Zacks Rank & Stocks to Consider Currently, Unisys has a Zacks Rank #3 (Hold). Some better-ranked stocks in the same industry space include CoStar Group, Inc. CSGP , Dell Technologies Inc. DVMT and Science Applications International Corporation SAIC , all flaunting a Zacks Rank of 1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Long-term expected earnings growth rates for CoStar Group, Dell Technologies and Science Applications International are 16.8%, 9.1% and 5%. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Unisys Corporation (UIS): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): Free Stock Analysis Report Dell Technologies Inc. (DVMT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""NCR Tops Q1 Earnings & Revenue Estimates, Reaffirms '18 View NCR CorporationNCR started 2018 on a strong note, reporting better-than-expected results for the first quarter. The company's non-GAAP earnings from continuing operations of 56 cents per share surpassed the Zacks Consensus Estimate of 44 cents. The reported figure also came in ahead of management's guided range of 41-47 cents. On a year-over-year basis, however, the tally remained flat. Revenues The company's revenues of $1.52 billion outpaced the Zacks Consensus Estimate of $1.47 billion, as well as came in 2.6% higher year over year. The company's Software revenues, on a reported basis, were up 2% to $460 million. The upswing was primarily due to a 9% and 8% increase in Cloud and Professional Services, which was partially offset by an 18% and 1% decline in Software License and Software Maintenance revenues, respectively. Services revenues climbed 8% to $601 million on a reported basis. This upswing primarily stemmed from the company's \""channel transformation\"" initiatives, which resulted in growth of hardware maintenance and implementation services. Hardware revenues, however, slipped 3% year over year, on a reported basis, to $456 million. Segment revenues from ATM, SCO and IPS declined 7%, 24% and 100%, respectively, which negatively impacted the overall hardware revenues. The decline in ATM revenues was due to low backlog at the beginning of the first quarter. However, revenues from POS ascended 19%, which slightly offset the decline of the other three segments. The rise in POS revenues was chiefly attributable to \""store transformation trends\"". NCR Corporation Price, Consensus and EPS Surprise NCR Corporation Price, Consensus and EPS Surprise | NCR Corporation Quote Margins Non-GAAP gross profit for the quarter remained flat year over year at $431 million. Nevertheless, non-GAAP gross margin shrunk 80 basis points (bps) to 28.4% as benefits from productivity improvements in Services segment were more than offset by reduced software license revenues and lower Hardware margins. Non-GAAP operating expenses during the quarter came in at $283 million, reflecting an increase from $273 million in the year-ago quarter, mainly due to increased sales investments as part of the company's focus on expansion of its strategic offers. Elevated expenses resulted in a decrease in income from operations, which on a non-GAAP basis, came in at $148 million, down from $158 million reported in the year-ago period. Also, operating margin contracted around 90 bps on a year-over-year basis to 9.8%. Non-GAAP net income from continuing operations was $85 million compared with $87 million in the year-ago quarter. Balance Sheet & Cash Flow The ATM and POS manufacturer exited the quarter with cash and cash equivalents of approximately $348 million, down from $537 million reported in the previous quarter. Receivables were $1.34 billion. However, NCR has a highly-leveraged balance sheet. The company ended the quarter with $3.04 billion of long-term debt in its book compared with $2.94 billion reported in the previous quarter. In the first quarter, the company used $24 million of cash for operational activities. For the quarter, free cash outflow was $99 million. During the quarter, the company repurchased $165 million of its common stock. Guidance The company reaffirmed its outlook for 2018. NCR anticipates revenues to be flat to up 3%. The Zacks Consensus Estimate is pegged at $6.65 billion. Non-GAAP earnings per share are expected in the range of $3.30-$3.45. The Zacks Consensus Estimate is pegged at $3.34. Per the U.S. tax reform, the company expects effective tax rate for 2018 to be 24%. The company expects free cash flow for 2018 to be around 90% of the non-GAAP net income. Coming to the second-quarter outlook, NCR expects revenues in the range of -1% to +1%. The company expects non-GAAP earnings per share for the second-quarter quarter in the range of 60-65 cents. The Zacks Consensus Estimate is pegged at 74 cents. Bottom Line NCR reported impressive first-quarter results. The company's focus on growth of cloud segment and modernization of services business are proving to be worthy, especially at a time when its ATM segment is not performing well. NCR is also focused on its strategy related to hardware manufacturing, aimed at reducing costs and headwinds from hardware cycles. Moreover, the addition of products, including the likes of \""Picklist Assist\"" for identifying fruits and vegetables purchased by a customer, has enriched its solutions portfolio as well. Nonetheless, weakness in the ATM market and escalating costs pertaining to introduction of products, and other sales-related investments continue to be a drag on the company's financials. Zacks Rank and Key Picks NCR carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are CoStar Group, Inc. CSGP , Dell Technologies Inc. DVMT and Science Applications International Corporation SAIC , all sporting a Zacks Rank of 1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Long-term expected earnings growth rates for CoStar Group, Dell Technologies and Science Applications International are 16.8%, 9.1% and 5%. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NCR Corporation (NCR): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): Free Stock Analysis Report Dell Technologies Inc. (DVMT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Unisys (UIS) Tops Q1 Earnings & Revenues, Repeats '18 View"", ""NCR Tops Q1 Earnings & Revenue Estimates, Reaffirms '18 View""]"
CSGP,2018-05-03,36.802,37.399,36.537,37.327,"[""Logitech (LOGI) Q4 Earnings Top, FY18 Sales Touch Record High"", ""FireEye's (FEYE) Loss Narrows in Q1, Revenues Beat Estimates"", ""3D Systems (DDD) Reports Q1 Loss, Increase in OpEx Hurts"", ""3D Systems (DDD) Reports Q1 Loss, Increase in OpEx Hurts"", ""FireEye's (FEYE) Loss Narrows in Q1, Revenues Beat Estimates"", ""Logitech (LOGI) Q4 Earnings Top, FY18 Sales Touch Record High"", ""3D Systems (DDD) Reports Q1 Loss, Increase in OpEx Hurts 3D Systems CorporationDDD reported mixed results for first-quarter 2018, wherein the top line beat the Zacks Consensus Estimate, but earnings missed the Consensus mark. Moreover, though revenues marked year-over-year improvement, the bottom line registered a decline. The company posted non-GAAP loss of 3 cents as against earnings of 6 cents reported in the year-ago quarter. The Zacks Consensus Estimate was pegged at earnings of a penny. 3D Systems noted that unfavorable sales mix, along with increased investment in services and on-demand manufacturing, and elevated operating expenses, more than offset the benefit of higher revenues. On a GAAP basis, the company's loss widened to 19 cents per share from 9 cents posted in the first quarter of 2017. Inside the Headlines This 3D printer maker reported revenues of $165.9 million in the quarter, reflecting a year-over-year increase of 6%. Steady demand for the company's healthcare, software and on-demand manufacturing, along with increased printer unit sales proved conducive for the top line. Moreover, revenues beat the Zacks Consensus Estimate of $159 million. 3D Systems' Healthcare revenues were up 21% to $52.4 million year over year, driven by growth across all categories. Notably, the company's on-demand manufacturing revenues were up 2% to $25.7 million, helped by its investments in facilities, customer experience and technology. Software revenues were up 13% to $23 million. Material revenues remain approximately flat at $42.5 million. Printer revenues increased 24% and came in at $39.1 million. Meanwhile, printer unit sales surged 44%, resulting from increase in both production and professional unit sales. In the reported quarter, non-GAAP gross margin contracted 420 basis points on a year-over-year basis to 48.2%. The decline was mainly due to unfavorable sales mix and increased investment in services, and on-demand manufacturing, which more than offset the cost-reduction benefits achieved from ongoing supply-chain initiatives. In the reported quarter, the company's non-GAAP operating expenses flared up 10% to $79.5 million, as SG&A (up 8%) expenses rose significantly, driven by the company's persistent investment in go-to-market and IT transformation. Non-GAAP R&D expense also escalated 13% in the quarter. 3D Systems Corporation Price, Consensus and EPS Surprise 3D Systems Corporation Price, Consensus and EPS Surprise | 3D Systems Corporation Quote Cash Flow and Balance Sheet 3D Systems ended the first quarter with cash and cash equivalents of $126.1 million, down from $136.3 million as of Dec 31, 2017. During the quarter, the company used $1.5 million of cash toward operational activities. Bottom Line 3D Systems has a volatile earnings history, oscillating between incredible beats and abysmal misses in the trailing four quarters. Unfavorable macroeconomic factors, such as slowdown, inflation, currency fluctuations and commodity prices impacted the company's performance. This apart, escalating R&D, IT and go-to-market expenses might prove to be a headwind. Nevertheless, the company has been benefiting from favorable 3D printing industry fundamentals, led by rising demand for diverse application of this novel technology across several domains. Going forward, strong demand for production printers, materials and software, as well as healthcare solutions will likely act as major catalysts for growth. We also believe the acquisition of Vertex-Global Holding B.V will unlock multiple opportunities for the company. Currently, 3D Systems carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are CoStar Group, Inc. CSGP , Dell Technologies Inc. DVMT and Science Applications International Corporation SAIC , all sporting a Zacks Rank of 1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Long-term expected earnings growth rates for CoStar Group, Dell Technologies and Science Applications International are 16.8%, 9.1% and 5%. 5 Medical Stocks to Buy Now Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions. New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits. Click here to see the 5 stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report 3D Systems Corporation (DDD): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): Free Stock Analysis Report Dell Technologies Inc. (DVMT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""FireEye's (FEYE) Loss Narrows in Q1, Revenues Beat Estimates FireEye Inc.FEYE started 2018 on a strong note, posting impressive results for the first quarter. The company's Q1 performance indicates that its turnaround efforts, which include shifting the business model to a subscription-based one, are apparently paying off. The main highlights of the quarter were sales beating expectations, strong growth in billings, a narrower loss and an upbeat guidance for the full year. And most importantly, the company expects to turn profitable this year. However, it seemed this was not enough to impress investors, as shares of the cybersecurity company dipped more than 4% during yesterdays' after-hour trading session. Nevertheless, the company's performance, for the past two quarters, makes it quite evident that its turnaround initiatives are on track, and there is a high chance that FireEye might return to the growth trajectory by the end of this year. Notably, shares of FireEye have gained remarkably in the year, so far, with the stock appreciating 30.7%, significantly outperforming 19.1% growth registered by the industry . Now, let's discuss the quarterly results in detail. Revenues The company's first-quarter revenues of $199.1 million increased 7.7% year over year and outpaced the Zacks Consensus Estimate of $194 million, as well as management's guidance of $192-$197 million. The company noted that its quarterly revenues mainly benefited from shift in the business model from product based to subscription based. This apart, improved sales execution, enhanced relationship with channel partners, and growing adoption of the company's Helix, iSIGHT Intelligence and Endpoint security solutions were other key growth drivers. Further, billings climbed 21% year over year to $175.1 million, and came in marginally ahead of management's guidance of $165-$175 million, mainly attributed to all the factors mentioned above. Additionally, FireEye continues to secure large deals. Notably, the company renewed one deal of more than $10 million during the reported quarter. Moreover, it closed 29 transactions, with individual value of more than $1 million. The company also added 230 new customers in the recently-reported quarter. Operating Results Non-GAAP gross profit increased approximately 7.4% from the year-ago quarter to $147.3 million. Non-GAAP gross margin were almost flat year over year at 74%, which also came in line with management's expectations. Non-GAAP operating expenses increased approximately 6% year over year to $153 million, primarily due to elevated expenses related to payroll taxes and other employee-associated costs, and elevated R&D expenditure in connection with buyouts of \""Email Laundry in Q4 2017 and X15 in Q1 2018.\"" The company posted non-GAAP operating loss of $5.7 million, significantly lower than the year-ago quarter's loss of $7.3 million. We believe improved operational efficiency and sales productivity are proving conducive to the company's operating results. Non-GAAP net loss for the first quarter narrowed down to approximately $7.5 million from the prior-year quarter's net loss of $9.3 million. On per share basis, FireEye reported non-GAAP loss of 4 cents, in line with the Zacks Consensus Estimate. Year over year, quarterly loss were narrower than the year-ago quarter's loss of 5 cents. The quarter's non-GAAP earnings per share also compared favorably with the mid-point of management's guidance range of a loss of 3-6 cents (mid-point 4.5 cents). Notably, this is the tenth consecutive quarter of year-over-year improvement for the bottom line. FireEye, Inc. Price, Consensus and EPS Surprise FireEye, Inc. Price, Consensus and EPS Surprise | FireEye, Inc. Quote Balance Sheet & Cash Flow FireEye exited the reported quarter with cash and cash equivalents, and short-term investments of approximately $886.4 million, up from $896.8 million posted at the end of the previous quarter. Accounts receivable were $103.1 million compared with $146.3 million witnessed at the end of fourth-quarter 2017. During the quarter, the company generated $9.2 million of cash from operating activities. Guidance Buoyed by the impressive first-quarter results, improved operational efficiency and sales productivity, as well as healthy demand for intelligence-led security products, FireEye issued an encouraging outlook for the second quarter and raised its revenue, billings and operating cash flow guidance for the full year. For the second quarter, the company anticipates revenues of $199-$203 million (mid-point: $201 million), which is in line with the Zacks Consensus Estimate. Billings are projected at $180-$195 million. Non-GAAP gross margin is estimated to be approximately 74%, while non-GAAP operating margin is estimated in the band of -2% to +1%. The company forecasts non-GAAP bottom-line results to be between loss per share of 3 and breakeven earnings. The Zacks Consensus Estimate for the quarter is pegged at a loss of a penny. Operating cash flow is likely to lie between zero and a negative of $15 million. For the full year, the company now anticipates revenues of $820-$830 million (mid-point: $825 million), up from the earlier range of $815-$825 million (mid-point: $820 million). The new range is higher than the Zacks Consensus Estimate of $819.6 million. Billings are now projected at $815-$835 million, higher than the prior guidance of $810-$830 million. Non-GAAP operating margin is still estimated in the band of 1-2%. The company continues to project reporting non-GAAP earnings in the range of breakeven to 4 cents per share. The Zacks Consensus Estimate for the quarter is pegged at 2 cents. Operating cash flow is likely to lie between $50 million and $60 million, up from the previously guided range of $45-$55 million. Capital expenditure is still estimated to be between $35 million and $40 million. Our Take FireEye's management has been striving to turn around the business through a string of initiatives, which includes product launches, acquisitions and cost optimization. We believe the company's turnaround strategies are paying off as evident from its back-to-back five quarters of splendid results. Additionally, although a shift from product-based to subscription-based business model will have a negative impact on FireEye's near-term results, we believe it will lead to more stable revenues over the long run. However, a shorter contract length is likely to affect the company's near-term top-line performance. Nonetheless, there is an advantage to the shorter-length contracts, as these generally generate higher margins compared with three-year contracts. Currently, FireEye carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are CoStar Group, Inc. CSGP , Dell Technologies Inc. DVMT and Science Applications International Corporation SAIC , all sporting a Zacks Rank of 1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Long-term expected earnings growth rates for CoStar Group, Dell Technologies and Science Applications International are 16.8%, 9.1% and 5%. 5 Medical Stocks to Buy Now Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions. New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits. Click here to see the 5 stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FireEye, Inc. (FEYE): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): Free Stock Analysis Report Dell Technologies Inc. (DVMT): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Logitech (LOGI) Q4 Earnings Top, FY18 Sales Touch Record High Logitech International SALOGI maintained its impressive streak of earnings beats for the 10th consecutive quarter. On an adjusted basis, the company's fourth-quarter fiscal 2018 earnings came in at 32 cents per share, surpassing the Zacks Consensus Estimate of 26 cents. Earnings also marked improvement of 2 cents from the year-ago quarter's figure of 30 cents. Inside the Headlines Net sales for the quarter rose 16% year over year to $592.4 million, comfortably beating the Zacks Consensus Estimate of $564 million. Revenue growth stemmed from solid performance in Logitech's Video Collaboration, Gaming businesses, and Tablet & Accessories, partially offset by a lackluster Mobile Speakers business. Moreover, the company's ASTRO acquisition continues to be conducive to its overall performance. Creativity and Productivity business comprises four sub-business lines - Keyboards and Combos, Pointing Devices, PC Webcams, and Tablet and Other Accessories. All of these registered remarkable year-over-year improvement, which, we believe, is mainly due to a stabilizing PC market. Gaming surged 77% year over year to $127 million, supported by strong momentum across its latest products. Meanwhile, Video Collaboration grew 41% to $55 million. In addition, smart home category witnessed marginal sales growth of 2% to $16 million. However, the Music business, which comprises Mobile Speakers units and Audio-PC & Wearables, put up a disappointing show. Audio PC & Wearables sales declined 8% to $55 million, while Mobile Speaker segment sales plunged 65% to $14 million. Non-GAAP operating margin contracted 60 basis points year over year to 9.3%, while non-GAAP operating income climbed 9.2% year over year to $55.1 million. Logitech International S.A. Price, Consensus and EPS Surprise Logitech International S.A. Price, Consensus and EPS Surprise | Logitech International S.A. Quote Fiscal 2018 Result Highlights The company will like to remember fiscal 2018 for at least one reason that is attaining the highest ever sales mark. Logitech's fiscal 2018 revenues jumped 16% year over year to a record high of $2.57 billion, and surpassed the Zacks Consensus Estimate of $2.54 billion. Revenue growth also came ahead of management's earlier expectations of 12-14%. The company's non-GAAP earnings per share increased 13.5% year over year to $1.60 and handily beat the Zacks Consensus Estimate of $1.53. Liquidity As on Mar 31, 2018, Logitech's cash and cash equivalents were $641.9 million compared with $564.9 million as of Dec 31, 2017. Additionally, the company generated operating cash flow of $90.2 million for the fourth quarter, and $$346.3 million during the full fiscal. Guidance Logitech reaffirmed its guidance for fiscal-year 2019. It still expects non-GAAP operating income of $310-$320 million. Further, the company anticipates fiscal 2019 sales to be up in the high-single-digit range, on constant currency basis. Bottom Line Logitech remains optimistic that steady traction of its product lines, as well as upbeat industry trends, will continue to fuel growth. We believe the bullish momentum in Gaming and Video Collaboration businesses, along with the thriving cloud-based video conferencing services, will continue to be catalysts for the company's growth. In addition, the Astro buyout is expected to enable the company to leverage the console gaming market and help accelerate its long-term growth. Furthermore, it seems that the PC market is moving toward stabilization after several years of decline, which is likely to benefit the company as it might bolster the sales of its most profit-maximizing products like desktops and diverse porting tools. In addition to the above, the company is coming up with innovative products to cope with the rising trend of smaller and mobile computing devices with touch interfaces which have been rapidly changing the market, and usage models for PC peripherals and webcams. Nonetheless, escalating R&D expenses, as well as economic challenges in Russia and Europe might dampen its earnings, and remain concerns for the company. Also, strong competition in the sector is another major headwind. Currently, Logitech has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are CoStar Group, Inc. CSGP , Dell Technologies Inc. DVMT and Science Applications International Corporation SAIC , all sporting a Zacks Rank of 1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here . Long-term expected earnings growth rates for CoStar Group, Dell Technologies and Science Applications International are 16.8%, 9.1% and 5%. 5 Medical Stocks to Buy Now Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions. New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits. Click here to see the 5 stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC): Free Stock Analysis Report Dell Technologies Inc. (DVMT): Free Stock Analysis Report Logitech International S.A. (LOGI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""3D Systems (DDD) Reports Q1 Loss, Increase in OpEx Hurts"", ""FireEye's (FEYE) Loss Narrows in Q1, Revenues Beat Estimates"", ""Logitech (LOGI) Q4 Earnings Top, FY18 Sales Touch Record High""]"
CSGP,2018-05-04,37.253,37.829,36.866,37.787,"Netflix and 6 Other Outsize Growth Stocks BlackRock’s Lawrence Kemp focuses on companies that are likely to grow, but not for the reasons most investors think. He keeps an eye on artificial intelligence and french fries."
CSGP,2018-05-07,37.75,38.656,37.507,38.601,
CSGP,2018-05-08,38.405,38.777,38.264,38.653,
CSGP,2018-05-09,38.719,39.072,38.444,39.028,
CSGP,2018-05-10,39.1,39.504,39.065,39.345,
CSGP,2018-05-11,39.444,39.465,39.042,39.213,
CSGP,2018-05-14,39.3,39.659,38.948,39.123,
CSGP,2018-05-15,38.87,38.934,38.339,38.8,
CSGP,2018-05-16,38.686,38.838,38.056,38.108,
CSGP,2018-05-17,38.06,38.376,37.51,37.587,
CSGP,2018-05-18,37.65,38.258,37.596,38.145,
CSGP,2018-05-21,38.305,38.556,38.212,38.471,
CSGP,2018-05-22,38.5,38.662,37.684,37.75,
CSGP,2018-05-23,37.659,38.13,37.55,38.083,"[""Mariko Gordon Closes Positions in Red Robin, Natus Medical"", ""Mariko Gordon Closes Positions in Red Robin, Natus Medical"", ""Mariko Gordon Closes Positions in Red Robin, Natus Medical""]"
CSGP,2018-05-24,38.05,38.43,37.829,38.224,
CSGP,2018-05-25,38.291,38.629,37.843,38.084,"Nutanix (NTNX) Misses Q3 Earnings by a Penny, Revenues Up Nutanix Inc.NTNX reported third-quarter fiscal 2018 loss of 21 cents per share, which was a penny wider than the Zacks Consensus Estimate but significantly narrower than year-ago quarter's loss of 32 cents. Revenues surged 40.7% from the year-ago quarter to $289.4 million. Product revenues climbed 38.1% year over year to $160.1 million, while support & other services revenues jumped 49.8% to $45.6 million. Billings were up 50% year over year to $351.2 million. Software accounted for 83% and billings surged 67% from the year-ago quarter to $292 million. The bill to revenue ratio in the quarter was 1.21 in line with the company's previous estimate of approximately 1.2. Customer Base Continues to Expand Nutanix added 820 customers taking the total end-customer count to 9,690 at the end of the reported quarter. Nutanix Inc. Price, Consensus and EPS Surprise Nutanix Inc. Price, Consensus and EPS Surprise | Nutanix Inc. Quote New customer bookings represented 27% of total bookings. In the quarter, 44% of bookings came from large deals. Software related bookings from the company's international regions were 45% of total software and support bookings against 37% in the year-ago quarter. Nutanix currently has 67 customers with over $5 million in lifetime bookings, out of which 22 have lifetime bookings worth more than $10 million. In the reported quarter, top four deals were all in excess of $5 million each and three of those deals were software only. AHV adoption rose to 33% on a running four quarter basis, up from 30% in the previous quarter. Increasing adoption rate particularly among public sector entities has been a major growth factor. Moreover, adoption of Prism Pro and AFS increased in the quarter. American Investment Management fund was notable customer. The fund signed a deal for more than a $1 million that included AHV and AFS across 13 locations all managed by Prism Pro. Further, adoption of Nutanix solutions by G2K customers remained strong in the quarter. Software-Centric Transition Drives Gross Margin In the third quarter, non-GAAP gross margin expanded 710 basis points (bps) from the year-ago quarter to 68.4%. Nutanix's focus on becoming an enterprise cloud operating systems company is likely to boost gross margin in the long haul. The company has stopped recognizing pass-through hardware related revenues. Research & Development (R&D) expenses, as percentage of revenues, declined 70 bps to 22.4%. Sales & Marketing (S&M) expenses fell 150 bps to 52.4%, while General & administrative (G&A) expenses remained flat at 5.5%. Operating loss narrowed to $34.6 million compared with a loss of $43.8 million in the year-ago quarter. Balance Sheet & Cash Flow As of Apr 30, 2018, cash and cash equivalents were $923 million up from $918 million reported in the previous quarter. Cash flow from operations was $13.3 million in third-quarter 2018 as compared with $46.4 million in previous quarter. Free cash outflow was $0.8 million as compared with $32.4 million in previous quarter. Deferred revenue surged 62% to $540 million in third-quarter 2018. Guidance For the fourth quarter of fiscal 2018, revenues are projected between $295 million and $300 million. The Zacks Consensus Estimate for revenues is pegged at $282.6 million for the quarter. Management expects bill to revenue ratio to increase to 1.25 in the current quarter. Nutanix anticipates billings to be at least $25 million to $30 million higher than current street expectations. Non-GAAP gross margin is projected between 73% and 74%. Moreover, management forecasts operating expenses to be in the range of $250-$260 million. Nutanix forecasts non-GAAP net loss between 20 cents and 22 cents for the quarter. Zacks Rank & Key Picks Currently, Nutanix carries a Zacks Rank #3 (Hold). Stocks worth considering in the same sector are CoStar Group CSGP , IDI FLNT and On Assignment ASGN . All the three stocks has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . Long-term earnings growth for CoStar, IDI and On Assignment are currently pegged at 16.75%, 40% and 10%, respectively. Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Nutanix Inc. (NTNX): Free Stock Analysis Report On Assignment, Inc. (ASGN): Free Stock Analysis Report IDI, Inc. (FLNT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-05-29,37.817,38.495,37.469,37.794,
CSGP,2018-05-30,37.827,38.392,37.513,38.086,
CSGP,2018-05-31,38.087,38.496,37.871,38.122,
CSGP,2018-06-01,38.32,38.776,38.307,38.544,
CSGP,2018-06-04,38.642,39.371,38.642,39.104,
CSGP,2018-06-05,39.131,39.685,39.069,39.641,
CSGP,2018-06-06,39.711,40.226,39.314,40.13,"[""Investor Expectations to Drive Momentum within Mesoblast, Access National, Urogen Pharma, ..."", ""Investor Expectations to Drive Momentum within Mesoblast, Access National, Urogen Pharma, ..."", ""Investor Expectations to Drive Momentum within Mesoblast, Access National, Urogen Pharma, ...""]"
CSGP,2018-06-07,40.148,40.148,39.211,39.931,
CSGP,2018-06-08,39.811,40.404,39.562,40.185,
CSGP,2018-06-11,40.079,40.688,40.079,40.525,
CSGP,2018-06-12,40.531,41.569,40.531,41.095,
CSGP,2018-06-13,41.09,41.469,40.606,40.635,"CSGP Crosses Above Average Analyst Target In recent trading, shares of CoStar Group, Inc. (Symbol: CSGP) have crossed above the average analyst 12-month target price of $409.78, changing hands for $410.95/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised. There are 9 different analyst targets contributing to that average for CoStar Group, Inc., but the average is just that - a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $353.00. And then on the other side of the spectrum one analyst has a target as high as $450.00. The standard deviation is $30.462. But the whole reason to look at the average CSGP price target in the first place is to tap into a ""wisdom of crowds"" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with CSGP crossing above that average target price of $409.78/share, investors in CSGP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $409.78 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover CoStar Group, Inc.: The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com . Get the latest Zacks research report on CSGP - FREE . 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-06-14,40.6,41.156,40.6,40.97,
CSGP,2018-06-15,40.978,41.494,40.494,41.397,
CSGP,2018-06-18,41.231,41.729,40.799,41.687,
CSGP,2018-06-19,41.332,41.649,40.924,41.457,
CSGP,2018-06-20,41.651,41.916,41.297,41.725,
CSGP,2018-06-21,41.84,41.937,41.403,41.509,
CSGP,2018-06-22,41.607,41.793,41.194,41.209,"10 A-Rated Internet Stocks to Consider InvestorPlace - Stock Market News, Stock Advice & Trading Tips The markets may be a bit volatile now, especially given the trade war back and forth among the U.S. and China, Europe and Canada, but that doesn't mean there aren't good opportunities out there. It just takes a bit of imagination. For example, tech firms, like the 10 A-rated internet stocks listed below, are in no way going to feel the pinch of any trade war. And most, aren't really that reliant on a rebounding economy, although it helps. The point is, these firms are well placed to take advantage of the rising power of generations (millennials and GenZers) of digital natives. Millions of young people that live on their digital devices. Advertising is moving to the web from television, so free sites (at least initially) that derive revenue from ads are growing rapidly again. And subscription sites are doing well because the economy is improving. 10 Stocks That Every 30-Year-Old Should Buy Plus, since these are smaller companies, a quickening pace of economic growth will magnify their gains since they can take advantage of opportunities faster and it boosts their top and bottom lines faster as well. A-Rated Internet Stocks: IAC (IAC) Source: Rob Thurman Via Flickr IAC (NASDAQ: IAC ) is basically a tech holding company that owns some of the biggest properties in the business. Most of its divisions are spun off into their own stocks (one is actually featured below) but IAC runs the show. That gives it some diversity among its strategic divisions - dating sites, home site, video and publishing. And when everything is firing on all cylinders, like it has been recently, IAC stock benefits mightily. And with a variety of divisions, it means a weak division will be helped by a cyclically stronger one. This is what has helped IAC stock almost triple the performance of the S&P 500 year to date. And this kind of performance has been building for almost two years now. A-Rated Internet Stocks: GrubHub (GRUB) Source: Shutterstock GrubHub Inc (NYSE: GRUB ) is up more than 50% year to date. But its growth says that this isn't overly enthusiastic. Granted, this food delivery service has a nearly $10 billion market cap but is on track for slightly over $1 billion in revenue for the year. That's kind of pricey. But GRUB is making smart partnership deals and has a concept that is easily scalable. What's more, there are still plenty of opportunities out there. And once it can establish a national foothold in significant markets, it's going to be tough to compete. 7 Small-Cap Stocks to Consider for the Second Half of 2018 It's in that fast-growth stage now, like the Uber growth in car services. When GrubHub becomes a verb, you know it's made it. And from there the growth really begins. A-Rated Internet Stocks: GoDaddy (GDDY) Source: Shutterstock GoDaddy Inc (NYSE: GDDY ) has been around quite a while and has managed to establish itself as a solid player in the internet space. Its recent earnings have helped keep the good times rolling, growing its numbers across the board by healthy double digits for sequential quarters. And its $12 billion market cap looks pretty good as it delivers about $2.6 billion in revenue annually. The stock was up over 70% in the past 12 months. That has been a strong move reflecting the rising fortunes of the economy. While that pace might not be the norm, half of that wouldn't be surprising moving forward. A-Rated Internet Stocks: Match Group (MTCH) Source: Bixentro via Flickr Match Group (NASDAQ: MTCH ) is a spinoff from IAC. While IAC controls of majority of voting shares, MTCH is IAC's independent dating site division. It hosts names such as Match.com, Tinder, PlentyofFish, OKCupid and a number of others. It also has an education segment that supports online tutoring and test preparation. Online dating is becoming increasingly common, not only among younger generations, but older ones, too. Mobile tech has allowed us to seemingly lower the risk of meeting potential mates by using algorithms. And as long as people find this preferable to meeting someone in a bar or the gym, it has huge potential. And it shows in MTCH's numbers - up 37% year to date. 3 Subscription Service Stocks With Huge Long-Term Growth Potential And those numbers keep growing. A-Rated Internet Stocks: CoStar Group (CSGP) Source: Yuriy Trubitsyn via Unsplash CoStar Group (NASDAQ: CSGP ) has had a very good year so far, up around 40% year to date. Much of this continued success can be attributed to the fact that it is an integrated data provider for the commercial real estate space in the U.S. and in a handful of large European countries. While residential real estate has had its issues given rising rates, low supply and growing demand, commercial real estate has different opportunities. For example, in Europe, many companies are looking to relocate offices in the UK to the continent because of Brexit. In the U.S., companies are also looking to relocate workforces to smaller cities where operations are less expensive and the cost of living is cheaper for employees. This makes for a lot of demand for CSGP services - and this trend is just beginning. A-Rated Internet Stocks: SharpSpring (SHSP) Source: JD Hancock via Flickr SharpSpring (NASDAQ: SHSP ) is a cloud-based marketing automation platform for both businesses and agencies. Basically, that means a business that wants to automate its sales and marketing operations so it can scale faster will look to SHSP to help it with its various suites of products. And if a company is working with a design or marketing agency, they can buy SHSP services to use with their clients. Given the number of small business looking for scalability without adding a lot of fixed labor costs (i.e., employees), this is the perfect solution. And it seems like business is doing well - SHSP stock is up more than 100% year to date. 420-Friendly Hotels: 29 Joints Catering to the Cannabis Crowd Granted this firm only has a market cap of $76 million, so huge growth is easy in the beginning. However, this kind of demand means it has a solid product, which means bigger firms in the sector could snap it up at a nice premium. A-Rated Internet Stocks: Glu Mobile (GLUU) Source: Glu Mobile Glu Mobile Inc (NASDAQ: GLUU ) is a developer and publisher of mobile games. It's relatively new on the scene, yet has garnered some popular titles. The stock tends to be somewhat volatile, given the tastes and trends of the mobile gaming industry, which is still a very dynamic market. And given its size, it's one of the more cyclical plays on the list. But right now, GLUU is doing well - like up 81% year to date well - and this trend should continue. It is also a good buy for some of the more dominant game companies if GLUU adds another popular game or two to its arsenal in coming quarters. A-Rated Internet Stocks: Stamps.com (STMP) Stamps.com (NASDAQ: STMP ) stock was up nearly 50% year to date a couple days ago. Today, it's up 34% year to date. Why? President Donald Trump expressed a desire to privatize the U.S. Postal Service as part of vision to reorganize the U.S. government. Given the fact that STMP is a digital go-between for business, individuals and others with the USPS, that can be disturbing news, indeed. However, the president is well known for saying something controversial and then doing something completely different, or nothing at all. And unwinding the USPS is not something that could be done by executive order, and certainly not in an election year. Sell 'Super Stocks' When You See THIS That means this quick drop is a good entry point. A-Rated Internet Stocks: Sify Technologies (SIFY) Source: Shutterstock Sify Technologies Ltd (ADR) (NASDAQ: SIFY ) is an integrated internet provider in India. There are two key factors to unpack here. First, India is the second-most-populous country in the world, behind China. And its government is more pro-Western than China. That means there is great opportunity for U.S. investors to take advantage of the opportunities that India presents as it modernizes over the next decade or two. Second, the Indian market has huge growth potential, but it's very difficult for individual investors to directly invest. SIFY is a great chance to invest in India but do so through U.S. markets. The stock is up 12% year to date, but this is a long-term growth buy at a solid valuation. A-Rated Internet Stocks: Blucora (BCOR) Blucora Inc (NASDAQ: BCOR ) is a technology-enabled financial solutions firm that sells its tax and investment solutions to consumers, businesses and tax professionals. The trend here is the digitization of the tax return process on both state and federal levels. Recent court cases have approved the ability of states to make taxpayers file online only. This is just another digitization of major sectors - healthcare, banking, investing, etc. And BCOR is building a very solid reputation in the sector. 10 Stocks That Every 30-Year-Old Should Buy With a $1.8 billion market cap, it isn't a huge firm, but it's getting noticed. The stock is up almost 75% year to date. And this is a sleepy sector, so that kind of move is significant. Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor , Breakthrough Stocks , Accelerated Profits and Platinum Growth . His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com . Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. Legendary Investor Louis Navellier's #1 Stock to Buy NOW Louis Navellier - the investor the New York Times called an ""icon"" - just helped investors make 487% in the booming Chinese stock market … 408% in the medical device sector … 150% in Netflix … all in less than 2 years! Now, Louis is urging investors to get in on what may be the opportunity of a lifetime. By using a unique investment strategy called ""The Master Key,"" you could make hundreds of percent returns over the next few years. Click here to learn about the #1 stock recommendation from one of America's top investors. Compare Brokers The post 10 A-Rated Internet Stocks to Consider appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-06-25,41.086,41.995,39.834,39.949,
CSGP,2018-06-26,40.074,40.885,39.88,40.759,
CSGP,2018-06-27,40.909,41.383,40.83,41.169,
CSGP,2018-06-28,40.946,41.74,40.787,41.534,
CSGP,2018-06-29,41.553,42.247,41.223,41.263,
CSGP,2018-07-02,41.042,41.632,40.669,41.568,
CSGP,2018-07-03,41.837,41.837,40.82,40.853,
CSGP,2018-07-05,41.028,41.414,39.706,41.355,
CSGP,2018-07-06,41.342,42.307,41.342,42.24,
CSGP,2018-07-09,42.258,42.928,41.918,42.886,
CSGP,2018-07-10,42.899,42.992,41.917,41.95,
CSGP,2018-07-11,41.749,42.186,41.749,42.041,
CSGP,2018-07-12,42.285,42.658,42.123,42.62,
CSGP,2018-07-13,42.62,42.792,42.275,42.448,
CSGP,2018-07-16,42.399,42.914,42.308,42.781,
CSGP,2018-07-17,42.638,42.76,42.163,42.632,
CSGP,2018-07-18,42.606,43.451,42.354,42.468,
CSGP,2018-07-19,42.342,42.575,42.269,42.334,
CSGP,2018-07-20,42.513,42.7,42.459,42.5,"[""B. Riley FBR Maintains Buy on CoStar Group, Raises Price Target to $460"", ""B. Riley FBR Maintains Buy on CoStar Group, Raises Price Target to $460"", ""B. Riley FBR Maintains Buy on CoStar Group, Raises Price Target to $460""]"
CSGP,2018-07-23,42.443,43.102,42.278,43.075,"[""Tech Stock Earnings Due on Jul 24: TXN, CSGP, MANH, CVLT"", ""Ready For CoStar's Q2 Earnings? Here Is What You Need To Know."", ""Notable earnings after Tuesday's close"", ""Notable earnings after Tuesday's close"", ""Ready For CoStar's Q2 Earnings? Here Is What You Need To Know."", ""Tech Stock Earnings Due on Jul 24: TXN, CSGP, MANH, CVLT"", ""Tech Stock Earnings Due on Jul 24: TXN, CSGP, MANH, CVLT The Q2 earnings season has started to gather steam, with 87 S&P 500 members, accounting for 25.7% of the index's total market capitalization, having released their quarterly numbers. Per the latest Earnings Preview , total earnings for these companies are up 20.9% from the same period last year on 10.3% higher revenues, with 86.2% surpassing earnings estimates and 77% beating revenue estimates. Technology is one of the sectors anticipated to report double-digit earnings growth in the quarter to be reported. The tech sector's total earnings are projected to be up 23.5% and revenues are expected to be 11% higher on a year-over-year basis. The sector continues to benefit from emerging trends of artificial intelligence (AI), machine learning, augmented and virtual reality, (AR/VR) as well as increasing demand for cloud solutions and products. Moreover, growing adoption of autonomous car technology, advanced driver assisted systems (ADAS) and Internet of Things (IoT) presents significant growth opportunities. Our research shows that a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) stock when combined with a positive Earnings ESP has high chances of beating earnings estimates. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter . Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions. Let's take a look at the four technology companies that are set to report quarterly numbers on Jul 24. Texas InstrumentsTXN is set to report second-quarter 2018 results. The company's strength in several high-margin and high-growth areas of analog, and embedded processing markets are likely to drive its results in the soon-to-be-reported quarter. It continues to prudently invest its R&D dollars in these areas. This is gradually expanding its exposure in the industrial and automotive markets, and increasing dollar content at customers, while reducing exposure to volatile consumer/computing markets. (Read more: Texas Instruments Analog & Embedded to Aid Q2 Earnings ) Currently, Texas Instruments has a Zacks Rank #2 and an Earnings ESP of +0.96%, which indicates a likely positive surprise. Texas Instruments Incorporated Price and EPS Surprise Texas Instruments Incorporated Price and EPS Surprise | Texas Instruments Incorporated Quote CoStar Group, Inc.CSGP , a provider of information services to the commercial real estate industry, is slated to report second-quarter 2018 results. Notably, the company delivered positive earnings surprise in the trailing three quarters, with an average beat of 20.5%. However, CoStar has an Earnings ESP of 0.00% and carries a Zacks Rank #3 (Hold), which does not indicate a likely positive surprise. For the second quarter, management expects revenues in the range of $292-$295 million, representing revenue growth of 24% year over year. EBITDA is expected in the range of $66-$70 million. Currently, CoStarGroup has a Zacks Rank #3 and an Earnings ESP of 0.00%, which does not indicate a likely positive earnings surprise in the to-be-reported quarter. You can see the complete list of today's Zacks #1 Rank stocks here . CoStar Group, Inc. Price and EPS Surprise CoStar Group, Inc. Price and EPS Surprise | CoStar Group, Inc. Quote Manhattan Associates, Inc.MANH is set to report second-quarter fiscal 2018 results. The company is a developer and provider of supply chain commerce solutions. Manhattan's solutions enhance distribution efficiencies through the integration of supply chain constituents, including manufacturers, distributors, retailers, suppliers, transportation providers and end consumers. Notably, the company delivered positive earnings surprise in the trailing three quarters, with an average beat of 6.38%. However, Manhattan Associates has an Earnings ESP of 0.00% and carries a Zacks Rank #3, which does not indicate a likely positive surprise. Manhattan Associates, Inc. Price and EPS Surprise Manhattan Associates, Inc. Price and EPS Surprise | Manhattan Associates, Inc. Quote Commvault Systems, Inc.CVLT , a provider of Unified Data Management solutions for data protection, universal availability and simplified management of data on complex storage networks, is slated to report fiscal first-quarter 2019 results. Notably, the company recorded negative earnings surprise in the trailing three quarters, with an average of 2.85%. CoStar Group has a Zacks Rank #3 and an Earnings ESP of -0.63%, which does not indicate a likely positive earnings surprise in the to-be-reported quarter. CommVault Systems, Inc. Price and EPS Surprise CommVault Systems, Inc. Price and EPS Surprise | CommVault Systems, Inc. Quote Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report CommVault Systems, Inc. (CVLT): Free Stock Analysis Report Manhattan Associates, Inc. (MANH): Free Stock Analysis Report Texas Instruments Incorporated (TXN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Notable earnings after Tuesday's close"", ""Ready For CoStar's Q2 Earnings? Here Is What You Need To Know."", ""Tech Stock Earnings Due on Jul 24: TXN, CSGP, MANH, CVLT""]"
CSGP,2018-07-24,43.234,43.234,41.796,42.409,"[""CoStar Group beats by $0.35, beats on revenue"", ""CoStar Group, Inc. (CSGP) CEO Andrew Florance on Q2 2018 Results - Earnings Call Transcript"", ""CoStar Group Q2 Adj. EPS $1.66 Beats $1.31 Estimate, Sales $297M Beat $293.65M Estimate"", ""CoStar Group Sees FY18 Adj. EPS $7.75-$7.95 vs $7.57 Est., Sales $1.18B-$1.19B vs $1.19B Est."", ""CoStar Group Sees Q3 Adj. EPS $2.02-$2.10 vs $2.12 Est., Sales $$304M-$307M vs $305.85M Est."", ""CoStar Group Sees Q3 Adj. EPS $2.02-$2.10 vs $2.12 Est., Sales $$304M-$307M vs $305.85M Est."", ""CoStar Group Sees FY18 Adj. EPS $7.75-$7.95 vs $7.57 Est., Sales $1.18B-$1.19B vs $1.19B Est."", ""CoStar Group Q2 Adj. EPS $1.66 Beats $1.31 Estimate, Sales $297M Beat $293.65M Estimate"", ""CoStar Group, Inc. (CSGP) CEO Andrew Florance on Q2 2018 Results - Earnings Call Transcript"", ""CoStar Group beats by $0.35, beats on revenue"", ""After-Hours Earnings Report for July 24, 2018 : T, TXN, SYK, CNI, CB, EQR, AMP, WCN, TSS, CSGP, IEX, WRB The following companies are expected to report earnings after hours on 07/24/2018. Visit our Earnings Calendar for a full list of expected earnings releases. AT&T Inc. ( T ) is reporting for the quarter ending June 30, 2018. The wireless (national) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.86. This value represents a 8.86% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for T is 8.96 vs. an industry ratio of -10.20, implying that they will have a higher earnings growth than their competitors in the same industry. Texas Instruments Incorporated ( TXN ) is reporting for the quarter ending June 30, 2018. The semiconductor company's consensus earnings per share forecast from the 2 analysts that follow the stock is $1.34. This value represents a 30.10% increase compared to the same quarter last year. In the past year TXN has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for TXN is 21.43 vs. an industry ratio of 19.10, implying that they will have a higher earnings growth than their competitors in the same industry. Stryker Corporation ( SYK ) is reporting for the quarter ending June 30, 2018. The medical products company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.73. This value represents a 13.07% increase compared to the same quarter last year. In the past year SYK has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 5%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for SYK is 24.19 vs. an industry ratio of -14.70, implying that they will have a higher earnings growth than their competitors in the same industry. Canadian National Railway Company ( CNI ) is reporting for the quarter ending June 30, 2018. The transportation (rail) company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.05. This value represents a 5.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CNI is 21.22 vs. an industry ratio of 17.20, implying that they will have a higher earnings growth than their competitors in the same industry. Chubb Limited ( CB ) is reporting for the quarter ending June 30, 2018. The insurance (property & casualty) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $2.63. This value represents a 5.20% increase compared to the same quarter last year. In the past year CB has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 4.46%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CB is 12.87 vs. an industry ratio of 18.10. Equity Residential ( EQR ) is reporting for the quarter ending June 30, 2018. The reit company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.80. This value represents a 3.90% increase compared to the same quarter last year. EQR missed the consensus earnings per share in the 1st calendar quarter of 2018 by -1.28%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for EQR is 19.58 vs. an industry ratio of 17.20, implying that they will have a higher earnings growth than their competitors in the same industry. AMERIPRISE FINANCIAL SERVICES, INC. ( AMP ) is reporting for the quarter ending June 30, 2018. The finance/investment management company's consensus earnings per share forecast from the 3 analysts that follow the stock is $3.51. This value represents a 25.36% increase compared to the same quarter last year. In the past year AMP has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 6.63%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AMP is 9.90 vs. an industry ratio of -12.50, implying that they will have a higher earnings growth than their competitors in the same industry. Waste Connections, Inc. ( WCN ) is reporting for the quarter ending June 30, 2018. The waste removal company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.63. This value represents a 14.55% increase compared to the same quarter last year. In the past year WCN has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for WCN is 30.51 vs. an industry ratio of 39.70. Total System Services, Inc. ( TSS ) is reporting for the quarter ending June 30, 2018. The financial transactions company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.03. This value represents a 25.61% increase compared to the same quarter last year. In the past year TSS has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 17.02%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for TSS is 21.89 vs. an industry ratio of 21.60, implying that they will have a higher earnings growth than their competitors in the same industry. CoStar Group, Inc. ( CSGP ) is reporting for the quarter ending June 30, 2018. The information technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.07. This value represents a 38.96% increase compared to the same quarter last year. CSGP missed the consensus earnings per share in the 4th calendar quarter of 2017 by -2.78%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CSGP is 64.97 vs. an industry ratio of 71.40. IDEX Corporation ( IEX ) is reporting for the quarter ending June 30, 2018. The machinery company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.31. This value represents a 21.30% increase compared to the same quarter last year. In the past year IEX has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 4.03%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for IEX is 26.59 vs. an industry ratio of 20.90, implying that they will have a higher earnings growth than their competitors in the same industry. W.R. Berkley Corporation ( WRB ) is reporting for the quarter ending June 30, 2018. The insurance (property & casualty) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.82. This value represents a 26.15% increase compared to the same quarter last year. WRB missed the consensus earnings per share in the 2nd calendar quarter of 2017 by -13.33%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for WRB is 20.80 vs. an industry ratio of 18.10, implying that they will have a higher earnings growth than their competitors in the same industry. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Sees Q3 Adj. EPS $2.02-$2.10 vs $2.12 Est., Sales $$304M-$307M vs $305.85M Est."", ""CoStar Group Sees FY18 Adj. EPS $7.75-$7.95 vs $7.57 Est., Sales $1.18B-$1.19B vs $1.19B Est."", ""CoStar Group Q2 Adj. EPS $1.66 Beats $1.31 Estimate, Sales $297M Beat $293.65M Estimate"", ""CoStar Group, Inc. (CSGP) CEO Andrew Florance on Q2 2018 Results - Earnings Call Transcript"", ""CoStar Group beats by $0.35, beats on revenue""]"
CSGP,2018-07-25,42.87,44.696,42.015,43.768,"[""Citigroup Maintains Buy on CoStar Group, Raises Price Target to $490"", ""10 Biggest Price Target Changes For Wednesday"", ""10 Biggest Price Target Changes For Wednesday"", ""Citigroup Maintains Buy on CoStar Group, Raises Price Target to $490"", ""Validea Motley Fool Strategy Daily Upgrade Report - 7/25/2018 The following are today's upgrades for Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool . This strategy looks for small cap growth stocks with solid fundamentals and strong price performance. STEEL DYNAMICS, INC. ( STLD ) is a large-cap value stock in the Iron & Steel industry. The rating according to our strategy based on Motley Fool changed from 59% to 72% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Steel Dynamics, Inc. is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations. It offers a range of steel products, such as sheet products, long products and steel finishing. The steel operations segment includes Butler Flat Roll Division, Columbus Flat Roll Division, The Techs galvanizing lines, Structural and Rail Division, Engineered Bar Products Division, Roanoke Bar Division, Steel of West Virginia and Iron Dynamics. The metals recycling operations segment consists of OmniSource Corporation. The fabrication operations produce steel building components. The Other Operations segment consists of subsidiary operations and smaller joint ventures. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here TIMBERLAND BANCORP, INC. ( TSBK ) is a small-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Motley Fool changed from 63% to 76% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Timberland Bancorp, Inc. is the holding company for Timberland Savings Bank, SSB (the Bank). The Bank is a community-oriented bank, which offers a range of savings products to its retail customers while concentrating its lending activities on real estate mortgage loans and commercial business loans. The Bank offers personal banking solutions, business solutions, lending solutions and additional services. The Bank's principal lending activity consists of the origination of loans secured by first mortgages on owner-occupied, one- to four-family residences, or by commercial real estate and loans for the construction of one- to four-family residences. The Bank offers consumer loans and commercial business loans. The Bank originates both fixed-rate loans and adjustable-rate loans. The Bank also offers adjustable-rate mortgage loans. It originates three types of residential construction loans: custom construction loans, owner/builder construction loans and speculative construction loans. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here COSTAR GROUP INC ( CSGP ) is a large-cap growth stock in the Real Estate Operations industry. The rating according to our strategy based on Motley Fool changed from 65% to 72% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: CoStar Group, Inc. (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France. The Company provides online marketplaces for commercial real estate, apartment rentals, lands for sale and businesses for sale. It manages its business geographically in two segments: North America, which includes the United States and Canada, and International, which includes the United Kingdom, Spain, Germany and France. Its suite of information, analytics and online marketplaces is branded and marketed to its customers. Its services are primarily derived from a database of building-specific information and offer customers specialized tools for accessing, analyzing and using its information. It has five brands: CoStar, LoopNet, Apartments.com, BizBuySell and LandsofAmerica. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here PARKE BANCORP, INC. ( PKBK ) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Motley Fool changed from 56% to 83% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Parke Bancorp, Inc. is a bank holding company of Parke Bank (the Bank). The Bank is a full commercial service bank, with focus on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania. It focuses its commercial loan originations on small and mid-sized businesses. Its commercial loan products include residential and commercial real estate construction loans; working capital loans and lines of credit; demand, term and time loans, and equipment, inventory and accounts receivable financing. It also offers a range of deposit products to its commercial customers. It offers contemporary products and services, such as debit cards, Internet banking and online bill payment. Its retail lending activities include residential mortgage loans, home equity lines of credit, fixed rate second mortgages, new and used auto loans and overdraft protection. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here RBB BANCORP ( RBB ) is a small-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Motley Fool changed from 67% to 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: RBB Bancorp (the Bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including Royal Business Bank (Bank) and RBB Asset Management Company (RAM). The Company operates Royal Business Bank, which is a California state-chartered commercial bank. The Bank is focused on providing commercial banking services. The Bank's offerings include traditional commercial real estate loans, secured commercial and industrial loans, and trade finance services for companies doing business in China, Taiwan and other Asian countries. The non-qualified single-family residential mortgage loans, small business administration loans. As of March 31, 2017, the Company had total consolidated assets of $1.5 billion, total consolidated deposits of $1.2 billion and total consolidated shareholders equity of $183.5 million. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Motley Fool has returned 645.72% vs. 181.92% for the S&P 500. For more details on this strategy, click here About Motley Fool : Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. The Gardners are the founders of the popular Motley Fool web site, which offers frank and often irreverent commentary on investing, the stock market, and personal finance. The Gardners' \""Fool\"" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services. About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""10 Biggest Price Target Changes For Wednesday"", ""Citigroup Maintains Buy on CoStar Group, Raises Price Target to $490""]"
CSGP,2018-07-26,43.662,43.987,42.567,43.2,"[""Stocks Which Set New 52-Week High Yesterday, July 25th"", ""Stocks Which Set New 52-Week High Yesterday, July 25th"", ""CoStar Group (CSGP) Q2 2018 Earnings Conference Call Transcript CoStar Group (NASDAQ: CSGP) Q2 2018 Earnings Conference Call Jul. 24, 2018 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by and welcome to the second-quarter 2018 earnings call. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session. Instructions will be given at that time. [Operator instructions]. As a reminder, today's call is being recorded. I'll now turn the conference to your host, Richard Simonelli. Please go ahead. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of June 4, 2018 Richard Simonelli -- Vice President, Investor Relations and Public Relations Thank you, operator, and welcome to the CoStar Group's second quarter of 2018 conference call. Before I turn the call over to Andy Florance, our CEO and founder, and Scott Wheeler, our CFO, I'd like to share some very interesting and important items that could actually have a positive effect on your life. Certain portions of our discussion today may contain forward-looking statements, which involve many risks and uncertainties that can cause actual results to differ materially from such statements. Important factors that can cause actual results to differ include but are not limited to those stated today in our July 24, 2018, press release on our second-quarter results and company's outlook as well as in CoStar's filings with the SEC, including our most recent annual report on Form 10-K and our subsequent quarterly reports on Form 10-Q under the heading Risk Factors. All forward-looking statements are based on information available to CoStar on the date of this call, and we assume no obligation to update these statements whether as a result of new information, future events or otherwise. Reconciliations to the most directly comparable GAAP measure to all of the non-GAAP financial measures discussed on this call, including but not limited to non-GAAP net income, EBITDA, adjusted EBITDA, and forward-looking non-GAAP guidance are shown in detail on our press release issued earlier. The press release is available on our website located at costargroup.com. As a reminder, today's conference call is being broadcast live and in color on our website, where you can also find CoStar's Investor Relations page. Please refer to the press release on how to access the replay of this call. Remember just one question, so make it a good one. I'll now turn the call over to Andy Florance. Andy? Andrew C. Florance -- Director, President, and Chief Executive Officer Thank you for joining us for our second-quarter 2018 earnings call. This month marks CoStar's 20-year anniversary as a public company, making this our 80th earnings call. Congratulations to those of you who bought our stock on July 1, 1998, when we listed on NASDAQ at $9 a share. The only thing better than your 4,000% gain is the thrill you enjoyed listening to more than 100 hours of these excellent information-packed CoStar Group earnings calls. On our IPO roadshow in 1998, we had less than $10 million in trailing full-year revenue. Back then many investors expressed some skepticism to our claim that CoStar Group had a $100 million potential total addressable market. In June of 2018, we achieved our first $100 million revenue month and we're now at $1.2 billion revenue run rate. In the second quarter of 2018, our Apartments.com business alone generated its first $100 million revenue quarter. Revenue for the second quarter 2018 was $297 million, an increase of 25% over revenue of $237 million for the second quarter of 2017. Year-over-year net income in the second quarter of 2018 doubled to $44 million and non-GAAP net income, which excludes one-time costs associated with the acquisition of ForRent, was up 114%. I strongly believe we will meet our 40% adjusted EBITDA margin goal for the fourth quarter of 2018. Our strong momentum in sales continues. Bookings in the second quarter of 2018 were very strong, as we generate $45 million, an increase of 23% percent year over year versus the $37 million we achieved in the second quarter of 2017. Just one year ago that $37 million had been the best net new sales quarter we'd ever had. Our commercial property and land marketplaces had their best sales quarter ever in the second quarter of 2018, with a year-over-year revenue increase of 105%. This increase featured significant sales of LoopNet Premium Lister and Power Ads on loopnet.com. With the integration of the CoStar and LoopNet databases, we were able to eliminate LoopNet's information product and focus LoopNet entirely on being the best possible marketing solution for commercial real estate. We're making significant enhancements to the LoopNet marketplace month in and month out, so we can further capitalize on this significant opportunity. Since last year's integration, the number of views per advertised property has doubled. We're shifting our priority to developing and selling our higher-end LoopNet Power Ads, such as our gold-, platinum-, and diamond-level advertising. The diamond ads on LoopNet reach the end-user markets of its tenants and small investors more effectively, with larger ads that soar to the top of relevant search results. They're enhanced with immersive virtual reality walk-throughs, drone shots, videos, and more. They will also appear prominently throughout CoStar in order to make a strong impression on our broker audience as well. As we invest in growing our news service, the diamond ads will reach this audience through our newsletters and news website. Many landlords advertising with us believe that reaching the professional audience of tenant reps within CoStar Suite is equally as important as reaching the tenants themselves, as the vast majority of leased transactions over 5,000 square feet involve tenants represented by professional brokers. We are already beginning to sell diamond ads on LoopNet for as much as $2,200 per month, which is 60 times the $35 per month we currently average on LoopNet. We believe that properties advertised on LoopNet and CoStar are leasing and selling faster, so there is real economic value in return for our clients' advertising investment. Conversely, vacant or unleased space is incredibly expensive for landlords, so reducing that downtime by marketing the space with us provides an immediate and substantial return on investment. We're also now focusing on selling to owners instead of just the brokers; owners typically have 94% of the economic interest at stake in a deal, compared to a listing broker, who has just 1.5% of the economics after they share the commission with other brokers or his or her firm. We believe the return-on-investment argument resonates much more strongly with the owner, who has the most at stake. We believe that our commercial real estate advertising products are countercyclical. When an owner has a leasing crisis in a $250 million property, a one-of-a-kind, $2,200-a-month effective marketing solution is a no-brainer. While the CoStar sales force remains focused on generating strong sales growth for the company, we also have them heavily focused on pricing integrity and relationship development with our existing clients. As we mentioned in the last earnings call, we're holding the line our pricing policies and not accepting discounted or under-license contracts. As a result, we've seen an 80% increase in the average price per new broker user-licensed over the past six months. In January of 2018 with discounts incentives, we were licensing new brokerages at $255 per broker, but by July, we're licensing new brokerages at $466 per broker. This increase improves our intermediate and long-term revenue, but does come at a cost of some reduction a short-term contract volume. We averaged 624 total new CoStar contracts per month at the beginning of the second quarter and that dropped to 474 new contracts at the end of the second quarter. So the trade-off is approximately 25% overall lower contract volume, but they're at significantly higher price points. Beginning in March of this year, we felt it was important to incentivize our sales team to visit each of their CoStar customers, provide training, build stronger relationships, and demonstrate the exceptional value of our CoStar Suite service. We are focusing our sales force on relationship development right now for a number of important reasons. We've added tens of thousands of new users in the past 12 months. I feel it's important that these new and existing clients feel that we're in a partnership with them and focused on their success. Working closely with our clients, we expect to gain stronger referrals, lower cancels, better learn our clients' needs, upsell other products, and more accurately license and price our products as contracts renew. It's working: From April to June in the second quarter of 2018, we saw a 75% increase in the number of face-to-face meetings our salespeople had with our clients focused on relationship development. As we do with Apartments.com sales force, we carefully track these meetings and get client feedback. This resulted in an improvement of our Net Promoter Score each month in the second quarter. In June 2018, our Net Promoter Score reached 9.1 on a 10-point scale, very positive referrals. I firmly believe that while this focus does not maximize short-term sales productivity, it does create greater customer satisfaction, and relationships definitely increase intermediate-term and long-term sales results. I believe it also significantly widens our competitive moat. Today we kicked off a multi-day strategy session here at our headquarters with several dozen of Cushman & Wakefield's global leaders building strategies to best leverage CoStar's technologies, information platforms, and marketplaces to fuel the growth of their global platform. We believe it is positive for the industry and our business for the No. 3 commercial real estate brokerage in this space, Cushman & Wakefield, or one of the top three players, to be going public. Cushman is one of only three really large global brokerage firms. They've got almost $7 billion in revenue, 48,000 employees in 70 countries, and an awesome brand that dates back over 100 years. We know the company aims to continue to drive growth by investing in its technology to best serve clients and deliver margin expansion as it drives efficiency with recently acquired businesses. Apartments.com continues to strengthen its lead as the No. 1 apartment internet listings service. We achieved our first $100 million quarter, which is remarkable since we only entered the multifamily marketing business just four years ago with the acquisition of Apartments.com, which at the time only had annual revenue of $85 million. During the second quarter, we once again achieved all-time highs in visitors and traffic. Our SEO performance remains remarkably strong. Measured on May of this year based on Google rankings' list of 10,000 apartments keywords, apartments had 73% of the No. 1 slots. That's 7 times the 7% Zillow has or 25 times -- 24 times the 3% RentPath has. As reported by comScore during the second quarter of 2018, Apartments.com averaged 15.2 million unique monthly visitors, an increase of 37% percent year over year. Apartments.com had 3 times more unique monthly visitors than Apartment Guide, whose 4.9 million unique visitors represent a decrease of 11% during the same period. Excluding traffic from move in both periods, our Apartments.com network averaged 47.6 million visits per month, up 33%. In June of 2018, our entire Apartments.com network had more than double the number of unique visitors -- 112% more, to be precise -- than the RentPath network, according to comScore. We had 2 1/2 times the total number of visits over RentPath in June as well. Our network produced a stunning number of leads. It produced 41% more leads in the second quarter of 2018 than we did a year ago during the same period. Since we believe we have the highest-quality leads in the industry, this should make a listing on Apartments.com network even more valuable. In June of 2018, we announced that we are resuming our partnership with News Corp. subsidiary Move Inc., to power exclusively apartment community listings on Move's websites, Realtor.com and Doorsteps.com. Move had partnered with ApartmentList in the first part of 2018 but that partnership failed quickly. Our partnership with Move significantly broadens the distribution of the apartments listed on Apartments.com. Move's Realtor.com brings us almost 7 million unique potential renters a month. We believe this will result in the most cost-effective use of advertiser dollars, as their listings will enjoy increased exposure and will be available now on up to 11 different apartment websites. In June we delivered our best gross sales month ever for Apartments.com. One of our primary priorities for our Apartments.com team this year has been integrating the legacy Apartments.com sales force with the new sales team additions from ForRent. The ForRent business is being integrated quickly and effectively: We initially set a goal of integrating ForRent's operations, clients, and software within 12 to 24 months. Given the great progress we're making, it looks like we will complete the integration in less than 12 months. Our integrated sales force has been performing really well from the start. They're selling an integrated network and advertising package that we expect further increases exposure for our clients and generates more leads for them. Since the ForRent acquisition closed in February, we have met with all of our ForRent customers multiple times. This has created enormous goodwill and decreased cancellations dramatically. Since we integrated the sales force average monthly ForRent cancels were almost 35% less than the monthly average of ForRent cancels in 2017. We've converted over 4,100 ForRent clients to a bundled Apartments.com network contract, stabilizing and retaining the associated revenue. At the end of the quarter, we had 48,500 apartment communities investing in the Apartments.com network. That is up from approximately 18,000 communities four years ago. We're now very focused on that record-setting 50,000-community milestone. Once again, we had a strong presence at last month's National Apartment Association annual conference in San Diego, resulting in millions of dollars of net new sales. We had enormous interest from property managers from around the United States, which resulted in thousands of booth visitors, leads captured, and demos delivered. We have already generated over $3.2 million in net new sales from NAA conference, with more sales still rolling in. The highlight of the conference for me was the very positive feedback I heard from multiple principals of major clients on the value they received for their partnership with Apartments.com. The CoStar Real Estate Manager solution is now an established leader in facilities project management, lease abstraction, and lease accounting. We continue to add to a strong list of Fortune 1000 companies, as customers including top financial, industrial, healthcare, retail, and service companies join us. Additionally, existing customers continue to expand their use of our services as they seek to meet the new ASC 842 leases standard. Over 350 companies are currently utilizing the service. In fact, a couple of the companies on today's earning calls use it. CoStar Real Estate Manager sales continue to impress with year-over-year revenue growth in the second quarter of 2018 of 118%. This year CoStar Real Estate Manager is expected to exit Q4 2018 at approximately $43 million revenue run rate, with margins approaching 25%. We purchased Real Estate Manager in October of 2011, when it was known as Virtual Premise. You may recall this was right in the middle of the period that our acquisition of LoopNet was under careful, very careful review by the FTC. This shows we're able to do more than one thing successfully at a time. We paid $17 million for Virtual Premise, which had approximately $7 million in revenue, so we paid 2 1/2 times revenue. I think you would agree that assessed business growing profitably through $43 million in revenue at 118% growth rate is now worth a lot more than $17 million we paid for it. The purchase of Real Estate Manager builds our track record of making quality acquisitions that are selective that expand the total addressable markets we operate in, growing revenue and profitability of the company, and strengthening our unique commercial real estate platform. This has ultimately been a major contributor to increasing shareholder value. As we manage our capital and the balance sheet of CoStar and look for our next M&A opportunity, we're careful we do not overpay for businesses or make recklessly risky bets. I'd rather wait and identify quality businesses that have the high potential to integrate into our platform and that can grow or add significant value to our customers and shareholders. This is what leads to a successful M&A like CoStar Real Estate Manager, Apartments.com, LoopNet, and many, many others. I want to update you on our research operations. Our ability to collect and curate valuable commercial real estate content is our primary core competency. Our research operations continue to perform really well. In order to optimize the efficiency and effectiveness of our research process, we're closing two major research centers and consolidating them into other centers. In August 2018, we'll be closing our research center in Glasgow, Scotland, and consolidating it into London. At the same time, we're closing our research center in Columbia, Maryland. Our centers in San Diego, Richmond, and Washington will pick up the Columbia center's workload. Both of the Glasgow and Columbia leases expire this fall. CoStar Listing Manager continues to be very additive to CoStar's research process. Many brokers like to have direct control over when and how their listings are presented. With brokers self-entering quality information, it frees up our researchers to continue to gather even more information as they perform their monthly update cycles. We are not seeing any slowdown to the robust start from broker entry we had in the first six months of CoStar Listing Manager. In June, 23,000 new listings were entered directly into CoStar by brokers, as 38% of all new listings we experienced. In the same month, 36% of all listings, or 297,000, were added directly by brokers and owners using CoStar Listing Manager. We believe as brokers learn more about Listing Manager their participation will increase even more. Our CoStar product development teams have been working hard to deliver a significant update to the core CoStar platform. We expect this will provide a far more intuitive user experience to search, filter, and view results, generate reports, and produce visually stunning analytic charts covering every important measure within the search results. The upcoming release is not just a big leap forward aesthetically, but it's been optimized for serious performance. Searches resulting in tens of thousands of records will typically return in less than a second -- in fact, it's often measured in milliseconds. Yesterday, I ran a series of searches in the updated CoStar and initially thought something was wrong because the screens weren't really changing as I did the queries. Looked more carefully, it turned out it was actually moving so quickly I couldn't see the results coming back. The results just seemed to appear instantly. Clients really like speed in software, so they're really going to like the updated CoStar. They should. So there is one person who's listened to every one of CoStar's 80 earnings calls. It's Frank Carchedi, who was our CFO when we went public until he retired in 2007. Frank is addicted to CoStar, so Frank unretired in 2009 for an extra nine years and has played a valued role in our M&A team. He's also successfully managed a number of our acquired companies. We all want to thank him for making CoStar's incredible journey from $5 million of revenue a year to $100 million a month possible. It would not have happened without him. Frank is going to be retiring this fall and I'm confident that even in retirement, he'll be there for our 100th earnings call, watching over his CoStar shares. I will make sure I speak loudly so he can hear me. This summer, the U.S. economic expansion has entered its 10th year, yet growth seems to be accelerating rather than slowing. Consensus estimates for the 2018 GDP growth are strong and recent job growth has been solid as well, all of which is good for commercial real estate and apartment demand. For investors prospects of rising interest rates have been the primary cause of concern in the commercial real estate industry, as cap rates had compressed to record levels. However, the 10-year treasury reserved its trend after crossing 3% and some of the interest rate fears have eased. Record capital is being raised for real estate investment, and that should support real estate values in the future as well. The investment sales market has been fairly steady over the past 2 1/2 years, with investment sales volume peaking in '15, steady in '16, down a bit in '17 and so far in '18 as well. All four major sectors of commercial real estate have performed well in this economic cycle. Occupancies exceed the best readings of the last cycle and rent growth easily surpassed inflation. This year is turning out to be a bit of an exception. Net absorption, a measure of tenant demand, is slightly down year over year for all property types except multifamily. This is not surprising as industrial has had a tremendous run-up due to e-commerce growth. Retail is on a painful side of the e-commerce coin, as more people opt [Inaudible] delivered to their home. With full employment, the office sector is starting to feel the slowdown in office-job creation that's inevitable, resulting in slightly lower demand growth. On the supply side, the slowdown in completions has been similar across all property types. Deliveries this year are running below last year's totals, making the market fundamentals look as healthy as they were at the beginning of the year. Rent growth among the property types has diverged, with industrial being the clear winner at just under 6% year-over-year growth. Retail is the laggard at 1.4% percent. The apartment sector is worth highlighting, as after strong supply pipeline and weakening fundamentals, the market is recovering once again with rent growth accelerating, up 40 basis points to 3% compared to the end of last year. So the highlights of second quarter include great sales growth, cost reductions, strong margin expansion, successful new product innovation, phenomenal marketplace traffic, strengthening customer relationships, outstanding competitive positioning across multiple products, and all in all a solid economic outlook. I will now turn the call over for everyone's favorite part of the earnings call, to our CFO, Scott Wheeler. Scott Wheeler -- Chief Financial Officer Why thank you, Andy. Great list of highlights, I don't think I can top that. Yes, we are making great progress against our operating objectives for 2018 and we continue to deliver strong financial results. We certainly remain confident about the trajectory of the business moving forward. As Andy mentioned, we delivered outstanding sales this quarter with $45 million in net bookings, which exceeded our expectations overall, and we're up 23% from the second quarter of 2017. We are particularly encouraged by these results, as there are a number of initiatives currently under way across our sales team. Our commercial real estate sales force continues to convert former LoopNet customers to higher value CoStar and LoopNet marketing contracts at a solid pace. Through the end of the second quarter, we've converted approximately 9,300 LoopNet customers to CoStar and our marketing contracts at an average price of approximately $527 per month. On average these LoopNet users were paying only $54 per month for an average monthly price lift of $473 per month consistent with our results last quarter. At this point, we have generated $53 million in annual incremental contract revenue from the LoopNet conversion. In addition, we initiated our pricing and licensing compliance program in the second quarter, resulting in higher prices per user on new contracts. We expect that this effort along with our focus on client service will result in improved sales and customer value over the long-term. Our focus on LoopNet as a marketing site is certainly paying off. LoopNet sales were particularly strong in the quarter as the commercial real estate field sales team increased their LoopNet advertising sales by over 250% compared to the second quarter of 2017. Our field sales team is becoming increasingly effective in selling power ads in the second quarter, selling 7 times the level that they sold in the second quarter of 2017. Now granted, this is from a small base but the momentum is certainly encouraging. Finally, we had our best month of multifamily growth sales ever in June which is impressive considering our focus on integrating the ForRent and apartment sales forces in the second quarter. The anticipated cancellations of some legacy ForRent clients resulted in lower net bookings for multifamily in total, which we expect will be short lived as we complete customer integration and we continue reducing the ForRent property cancellations. Switching over to revenue, our growth rate was 25% in the second quarter of 2018 over the second quarter of 2017 coming in slightly above the high end of our guidance range. As we indicated last quarter, we are now actively moving existing customers and selling new customers a combined multifamily network product that includes both the Apartments.com and the ForRent family of websites. Accordingly, we're no longer able to effectively calculate an organic growth rate for multifamily or for the company in total. Overall, our revenue growth in our two largest businesses CoStar Suite and multifamily is very strong and we expect consolidated revenue to grow in a range of 22% to 24% for the year a slight improvement over our guidance from the first quarter of 2018. Looking at our revenue performance by services, CoStar Suite revenue growth was an outstanding 18% in the second quarter of 2018 versus the second quarter of 2017, a significant increase from the 13% annual growth rate we reported just a year ago in the second quarter of 2017. We expect CoStar Suite to continue delivering elevated growth levels with the growth rate for full-year 2018 at or near the low end of our 18% to 20% guidance range. Revenue growth rates in information services were negative 14% in the second quarter of 2018 as expected due to the shutdown of the LoopNet information services in the first quarter of this year. Excluding the LoopNet information services, our Real Estate Manager and other services in this group grew a whopping 57% in this quarter over the second quarter of 2017. Real Estate Manager continues to exceed our expectations with growth in excess of 100% in the second quarter of 2018 over the second quarter of 2017. With the shutdown of LoopNet Premium Searcher substantially complete and the strong growth at Real Estate Manager, we expect information services revenue to decline at a rate of negative 12% to negative 15% on a year-over-year basis in 2018, a significant improvement from our last outlook. Multifamily revenue grew 54% in the second quarter of 2018, including the impact of the ForRent acquisition. The integration is progressing ahead of schedule but there's still a lot of work left to do. Accordingly, our revenue expectations remain unchanged, and we expect multifamily revenue growth of 40% to 45% for the year. Rounding out our services performance, commercial property and land grew 16% year over year in the second quarter of 2018. Organic revenue growth, normalizing for the May 2017 acquisition of LandWatch, was 12% in the second quarter of 2018 versus the second quarter of 2017. With strong sales levels in both LoopNet and the Land marketplaces, we expect revenue growth rates to improve through the rest of 2018 and expect organic growth in commercial property and land in the 13% to 15% range for 2018. Our gross margins came in at 77% in the second quarter of 2018, in line with last quarter. Gross margins in the second half of 2018 are expected to remain in line with the second quarter, improving slightly toward the latter part of the year following the closure of our Columbia, Maryland, and Glasgow, Scotland, research facilities. Our outlook includes some severance costs associated with these changes and modest savings in facilities and staff costs in the latter quarters. Operating expenses of $186 million for the second quarter of 2018 were below our estimates as we are laser-focused on delivering our margin goals for the year. Approximately $3 million of our expense favorability in the quarter was associated with lower-than-expected personnel costs. Marketing expenses increased seasonally as expected in the second quarter, although we pushed approximately $3 million of our marketing spend out of the second quarter and into the third quarter of 2018. The balance of the expense favorability related to focused cost management and operating efficiencies across the business including better than planned results in the ForRent integration. Our second-quarter 2018 adjusted EBITDA was $85 million, or 29% of revenue. This was approximately $15 million above the top end of our guidance range and a full 600 basis points above our projected margin. We're very pleased that we were able to maintain this high level of adjusted EBITDA margin in the second quarter, when advertising and marketing costs reached their peak for the year. Net income for the second quarter of 2018 of $44 million increased an impressive 98% compared to the second quarter of 2017. Our effective tax rate in the quarter is 4%, which includes income tax benefits of $6 million for state-level research and development tax credits for the years 2013 through 2017. Along with $3 million of tax benefits associated with share-based payment transactions. Non-GAAP net income for the second quarter of 2018 increased 114% to $60 million, or $1.66 per diluted share, and includes the adjustments for stock-based compensation and acquisition-related expenses. Non-GAAP net income for the second quarter assumes a tax rate of 25%, which does not include the tax benefits of share-based payment transaction or the R&D tax credits we took this quarter. Now let's take a look at some of the performance metrics for the quarter. At the end of the second quarter of 2018, our sales force totaled 775 people. The decline from the 905 salespeople at the end of the first quarter relates primarily to the reductions associated with the ForRent integration. The renewal rate on annual contracts was 91% in the second quarter of 2018, up from 90.6% in the second quarter of 2017. The renewal rate for customers who've been subscribers for five years or longer was an impressive 97%. Subscription revenue on annual contract accounts for 77% of our revenue in the quarter, down slightly from 79% last quarter due to a full-quarter impact ForRent, which has a lower percentage of revenue on annual contracts. As with most of our acquisitions, we expect this percentage to start increasing again as we convert more customers to annual Apartments.com full network contracts. Before I get to the outlook, I'd like to give you an update on the ForRent integration. Our efforts to convert ForRent customers to the new Apartments network product is on track and revenue retention is ahead of our expectations so far. Today, we have reduced approximately $20 million to $25 million in annual costs, which include staffing reductions of over 200 people and elimination of other duplicative operating costs. We've incurred $9 million of non-recurring integration costs in the second quarter and $12 million year to date, which are included in our results and added back in our non-GAAP financials. Overall, we're very happy with the pace and execution of the integration and expect to be substantially complete within one year of purchasing ForRent. I'll now discuss our outlook for the full year and the third quarter of 2018. Based on strong year-to-date revenue and sales results, we are raising our 2018 revenue outlook by $4 million, at the midpoint from our previous guidance. Our new 2018 revenue outlook is expected in the range of $1.18 billion to $1.192 billion. This revenue range implies an annual revenue growth rate of 22% to 24% compared to 2017. We expect revenue in the third quarter of 2018 in the range of $304 million of $307 million, representing top-line growth of around 23% at the midpoint. In terms of earnings, we are raising our guidance range for the full year of 2018 by $0.31 at the midpoint to a range of approximately $7.75 to $7.95 for a non-GAAP net income per diluted share and that's based on 36.5 million shares. We expect adjusted EBITDA to be in a range of $395 million to $405 million for the full year of 2018, an increase of $15 million compared to our previous outlook. Year over year, we expect adjusted EBITDA growth of approximately 40% to 45%. For the third quarter of 2018, we expect non-GAAP net income per share in a range of $2.02 to $2.10 and adjusted EBITDA in a range of $102 million to $106 million. We expect adjusted EBITDA margins to increase in the third quarter and again in the fourth quarter as marketing costs decline and we continue to progress with the ForRent integration. We expect to meet or exceed our goal of 40% adjusted EBITDA margin in the fourth quarter of 2018. Overall, I believe the strong results in the first half of 2018 position us to continue our revenue growth trajectory and margin expansion. I look forward to updating you on our progress throughout the year. With that, I will now open up the call for questions. Questions and Answers: Operator Thank you. [Operator instructions]. Our first question is going to come from the line of George Tong from Goldman Sachs. Please go ahead. George Tong -- Goldman Sachs -- Analyst Hi, thanks. Good afternoon. You've converted 9300 LoopNet customers through the end of 2Q. Can you elaborate on the cadence of LoopNet conversions in the second quarter relative to earlier quarters and how you expect future quarters to compare with 2Q with respect to conversion speed, conversion rate, and the amount of pricing lift? Andrew C. Florance -- Director, President, and Chief Executive Officer Well, pricing lift is remaining about the same -- it's constant from Q1 to Q2 and we expect it stay constant Q3 and Q4. We are building out some new marketing initiatives that we have been working on for a while that will be rolling out in Q3, Q4, which might provide some acceleration for the conversion pace. We also have been building software to enhance LoopNet product up-sell experience. And so we expect to continue at a good clip. And as we said before, we think we will be converting at this sort of clip for a little bit better around this area for two years plus out from here. And then even after we've converted a number of the folks who were formerly premium searchers are heavily searched for long rate time, LoopNet will remain a really important pipeline for upselling people to CoStar. So it's a great way to identify folks who need commercial real estate information and do a highly targeted marketing message to them. So it was a good performance and it will, I think, remain strong and steady for quite some time now. The one thing that makes me think about though is, we're feeling really good about some of the product enhancements we've got coming on the marketing side of LoopNet. So we've been investing in making sure the sales force is comfort with fluent in sound and LoopNet marketing solutions across the whole CoStar Group. So there's been a little bit of shift to folks selling the LoopNet marketing solution and that necessitates a little bit less of a focus on doing the information conversions but all in all we're very happy with the result. Operator Thank you. Our next question is coming from the line of Brett Huff from Stephens Inc. Please go ahead. Brett Huff -- Stephens -- Analyst Good afternoon, guys. Congrats on a nice quarter. Andrew C. Florance -- Director, President, and Chief Executive Officer Great. Thank you, Bret. Brett Huff -- Stephens -- Analyst On the bookings number of $45 million that's a focus some folks have had. Can you give us, or I think it was Scott may have given us, some kind of context around that vis-\u00e0-vis, there is still some LoopNet planned cancellations or shutdown that negatively impacted that. Can you quantify that again for us? And No. 2, can you put a number or a ballpark on the pricing integrity negative impact on that $45 million, cause I think that's a question we'll get a lot of. Thanks. Andrew C. Florance -- Director, President, and Chief Executive Officer Yes. So, Brett, on the components last quarter, we took a large reduction in the LoopNet info -- I think we talked a lot about that. This quarter there's only about a $1 million of negative drag for LoopNet info. The other transition item in this quarter as we do for rent integration that we're seeing somewhere around $4 million or so of cancellations that come through as we work through the customer base and move the clients over to the network contract. So the pace and the revenue conversion ForRent is happening as expected but as you expect there's this couple of quarters where you're going to see the cancellations to really solidify all the revenue there. So that pulls the number down just a little bit more but I think as you look at what we've done really on the CoStar side and we talked about the LoopNet conversions, there are still strong. The CoStar field team is really put in some great effort now selling more of the LoopNet product in fact 25% of their output is now selling LoopNet marketing and it used to be 10% a year ago. So you see a little bit of shifting over to that commercial property and land which we talked a little bit about. And then, on the pricing side, the value increases there on the contract basis, I don't think we have a real slowdown in the quarter to talk through on pricing. I think it's more of the focus on the service initiative, the LoopNet cross-sells, and then continuing the pace following the large discounting that that impacts the sales in the first quarter or the second quarter. So hopefully that gives you some context on the different pieces. Scott Wheeler -- Chief Financial Officer Yes. And again, the ForRent cancellation number, we are outperforming that number. So when you put together two or three marketplaces, you expect to get very significant cost efficiencies, you expect to have some loss of redundant advertising dollars which we're seeing but we're actually getting a better than expected result on that. So we're really kind of happy with the way it's come out. Andrew C. Florance -- Director, President, and Chief Executive Officer Yes. Our net sales for the quarter came out ahead of what we expected. Obviously, that's what allows us to raise our revenue guidance, it's in a few different buckets and what it may have been in the first quarter but our sales are always volatile quarter to quarter. We're happy that we're in this mid-40s range this year. We're in the mid 30s range most of last year and we're happy with the momentum we have going forward. Operator Thank you. Our next question will come from the line of Andrew Jeffrey from SunTrust. Please go ahead. Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst Hey guys. Good afternoon. Andrew C. Florance -- Director, President, and Chief Executive Officer Good afternoon, Andrew. Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst Like the same day conference call, it's turning into a tradition I guess. Andrew C. Florance -- Director, President, and Chief Executive Officer No extra charge for that. Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst Much appreciated. With regard to cross-sell as you've seen this nice success with LoopNet. Any updates in terms of what you think the total cross-sell potential is. I know you've talked about Andy as much as a couple of hundred million dollars. Is that still a good long-term expectation, how can we think about that maybe nuanced or from a timing standpoint too? Andrew C. Florance -- Director, President, and Chief Executive Officer Yes. So I absolutely still believe that number is a multi-hundred-million-dollar number. I consistently believe that to be the case. And as you know there will be two components sort of like that just looking at the number we have right now this quarter, relatively early on it's a pretty solid number for cross-selling but you've got two really solid legs you're working here. One is the selling LoopNet to CoStar customers and the other is selling CoStar to LoopNet users or former customers. And they're both. I feel very optimistic about both. And it will naturally waiver up and down slightly, you will have some volatility from quarter to quarter but it will be a real consistent message line for the next three years. Operator Thank you. Our next question will come from the line of Pete Christiansen from Citi. Please go ahead. Pete Christiansen -- Citi -- Analyst Good afternoon, guys. Nice trends. Andy, can you rank some of the key reinvestment areas that you're looking on again sort of the next 12 months? Andrew C. Florance -- Director, President, and Chief Executive Officer Yes. I mean, just generally, one of the key areas is transformational product initiatives. We're working on at Apartments.com. We look at the apartment industry, it's not just a lead generation opportunity for the institutional great properties are over a hundred units. We think there's a really exciting opportunity for us and generally facilitating the leasing of apartments from the individual unit on up to the 400 unit property. I don't want to get too specific into some of the issues we're working on but we are cranking on some product initiatives that we're pretty excited about and I think they're going to require some investment and they are taking some investment now and there will be something that maturates over the course of 18 months or so but when we are ready to bring this to market in the beginning of '18, we'll talk about them more explicitly. We continue to feel there's an awful a lot of opportunity in the owner lenders segment of our industry. We've got some very exciting products we're working on to enhance CoStar to make it more useful for our many banking clients and try to win deeper penetration there. And we also believe that there is a significant global opportunity so we continue to invest in Spain and we'll be doing some investments in France where you know we already have a footprint. And the United Kingdom will probably begin cash flowing a little bit more, so they'll be priced for transfer investment into Germany. And so those are some of our bigger initiatives. Was there anything I forgot, Scott, that we're thinking about? Scott Wheeler -- Chief Financial Officer Certainly, the LoopNet marketplace. Andrew C. Florance -- Director, President, and Chief Executive Officer So the LoopNet marketplace and you can see the numbers are really solid there. And you know that is becoming, I think that that has an opportunity, the LoopNet marketing commercials real estate on the internet, I believe is an opportunity on par with marketing apartments on the Internet. So we're going to invest behind that a little bit over the next two years. And then we might also do some additional investment into the businesses-for-sale areas at the tail end of that 12-month horizon. So we're exploring a number of different things there. Obviously, remaining sensitive to achieving our 40% margin goal and beating it the fourth quarter and then remaining consistent with high margin level ongoing in out years. So we're balancing reinvestment in the business with maintaining the high margin levels. There is absolutely no shortage of potential investment initiatives just a question of prioritizing the really exciting ones upfront, working on them in as fast a process as we can responsibly and efficiently run these initiatives. Operator Thank you. Our next question will come from Mayank Tandon from the Needham and Company. Please go ahead. Mayank Tandon -- Needham & Co. -- Analyst Thank you. Good evening. Scott, you touched on some of the pricing lift and obviously that has a lot to do with the LoopNet conversion but could you just maybe parse out the growth rate that you expect going forward for '18, and then, maybe longer term as well as in terms of how it breaks down between increased penetration within the installed base adding new customers. And then, of course, any other pricing uplift beyond the conversion on LoopNet? Scott Wheeler -- Chief Financial Officer Yes. So the growth rates going forward, we still expect to get about half of our growth from existing accounts and further penetration or broader geographies and we expect to get about half from new business and getting new logos. We're seeing that pretty consistently it doesn't change a whole lot. And the other area now that we're seeing more growth is really not only the pricing in the CoStar side but as we've done more pricing on the LoopNet side for unlimited lister contracts and now on our listing plans we're seeing good upward movement in pricing on the LoopNet side as well but what we haven't called in really into the rest of the years is that the pricing right now has been on new contracts coming in for new customers. We have not begun our program on a scale basis to do repricing an existing contract as they roll. And we expect that will start to work its way into the rest of the year and become a bigger impact into next year. Andrew C. Florance -- Director, President, and Chief Executive Officer And that last point that Scott was making is huge. So on our existing customer base, we have not had in place rigorous processes to evaluate each contract renewing and making sure that it's appropriately priced at the point of renewal. So there is a lot of potential value particularly in firms that might have signed up many years ago have merged and grown about a lot of people have grown their footprint and our enterprise licensing hasn't kept up with that. So one of Scott's primary initiatives is setting up the systems around that to make sure we're capturing that appropriate revenue uplift. And then also making sure that our commission schedules support that but that alone over the next three years could be $100 million in uplift, right pricing those. So we'll continue to see this higher average price point hold I believe. And then, just the mix shift of going from marketing products to brokers in LoopNet to marketing products to owners I think has an enormous net price uplift impact. So it'll be pretty significant for the next three years. Mayank Tandon -- Needham & Co. -- Analyst Thank you. Operator Thank you. Our next question will come from David Ridley-Lane from Bank of America. Please go ahead. David Ridley-Lane -- Bank of America Merrill Lynch -- Analyst Good evening. In the past, you have shown the number of advertising multifamily properties, now that ForRent has come online. I wonder if I could get updated on that metric. And then, directionally what portion of those properties are on a premium level package versus a basic package. How much have you found that base already? Thank you. Andrew C. Florance -- Director, President, and Chief Executive Officer Unfortunately, the sheet that was printed on I removed from the conference room to go grab something, I took it from Rich half an hour ago, just before the meeting started. So we are at 42,147 on the Apartments.com before the ForRent came in. And the real impressive growth there is at the upper end with a 55% growth of our highest end ad, the diamond ad, and then, the silver ads only growing at 3% year over year. So the single highest growth category that people are buying is that that premium level ad. So that's good news. And the reason is, we're delivering a lot more leads and a lot more value and more value increase to the advertiser than the price is going up. And then overall it's 48,490 when you combine the ForRent apartments. Again, we will mark when we hit the 50,000 mark because that's like a hugely impressive feat of strength in the apartment marketing industry. Operator Thank you. Our next question will come from Stephen Sheldon from William Blair. Please go ahead. Stephen Sheldon -- William Blair & Co. -- Analyst Yes. Thanks. Good evening guys. How should we think about the factors that drove the adjusted EBITDA outperformance in the second quarter coming in at $85 million versus guidance, I think $66 million to $70 million? You talked about the $3 million push out of advertising expense but how much of the outperformance was driven by ForRent. What other factors may have driven it. And did you adjust your profit assumptions for ForRent over the remainder of the year? Scott Wheeler -- Chief Financial Officer Yes. You mentioned the marketing piece which was the part that shifts out the rest of the outperformance was all from a strong cost management and then a few million dollars of extra revenue that we that we had over our expectation. Yes, there's probably $2 million or $3 million of better-than-the-expected cost from the ForRent integration in the quarter. And so we expect that those benefits continue, we flowed the full $15 million of outperformance on EBITDA through to the guidance for the year. So we're confident that the things we're doing outside of the push in the marketing have to do with managing resources tightly as well as accelerating the ForRent integration and watching every other operating costs that we have, which we get a lot of duplicative marketing and other contracts that you find as you go through these integrations and those we were able to get out the door quicker than what we expected. So it's a solid performance managing headcount closely and taking out those duplicative costs gave you that outperformance. Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst And Scott overlooks completely the single biggest factor which is we said 100% of all the senior executive teams bonuses for the year on feeding the 40% adjusted EBITDA margin target for the fourth quarter. And I have reminded them at every single executive meeting that it's either make the target or not ... Scott Wheeler -- Chief Financial Officer That's true. You know that, every meeting. Operator Thank you. Our question will come from the line of Bill Warmington from Wells Fargo. Please go ahead. Bill Warmington -- Wells Fargo Securities -- Analyst Good afternoon, everyone. Andrew C. Florance -- Director, President, and Chief Executive Officer Hello Bill. Bill Warmington -- Wells Fargo Securities -- Analyst So, 100 hours of calls, I can say it only feels like half of that. And also before I forget it, just wanted to wish good luck to Rich on his less than a month left of bachelorhood. Richard Simonelli -- Vice President, Investor Relations and Public Relations Thank you. Angela will appreciate your mention. Bill Warmington -- Wells Fargo Securities -- Analyst My question has to do with one of those figures you threw out in terms of 41% more leads and higher quality better conversion rates. And so my question is, what are you doing to better demonstrate the higher quality to the potential buyers? And also then, what are you doing to better monetize those leads. And in some way use that $1 billion in cash that you're sitting on to somehow accelerate that process? Andrew C. Florance -- Director, President, and Chief Executive Officer Bill, I always appreciate your question. They are very helpful. Yes. So it's interesting one of the ways at NAA, we partnered with two of the major players that provide lead tracking services for the apartment industry. One of them, LeaseHawk has sampled that 10 million incoming leads into apartment communities. That service shows that not only are we producing by far and away with the highest volume of leads but they had the highest conversion rate dramatically higher conversion rates than any of the other lead sources, which is important to our customers because each lead is an opportunity for them but it's also a significant cost item for them they have to process the lead and walk them to the apartment everything else. So we've been making it with these third parties that we're partnering with to communicate this information along with the tracking numbers we provide to our customers and the lead tracking tools we provide to them. They're very aware of the tremendous advantage we're providing them. And we've been hearing from them that they used to require two or three services to keep the lead flow they need. And that today they're getting 100% lead flow they need by just advertising with the Apartments.com network. So we're getting credit for it. I would say that in 30, 40 conversations I had with clients almost all of them told us straight out we measure it, we monitor it and absolutely without a doubt you guys get credit for the most leads and the highest quality lead. So that's a solid story we don't need to really ... I think we're effectively pushing it. However, you would expect that the clients get a great deal right now because while the lead flow and the conversion rate is going up dramatically, I was shocked at how big the lead number was this past quarter. It was huge. And it means that there is a pricing opportunity there and we'll be looking at that and we won't be out of control but we do think there is an opportunity there for some pricing leverage there. So I think that we didn't expect such a tremendous growth in the lead flow as we've seen. So we're seeing this, it holds consistent. We'll probably look for ways to recognize some of that additional value, we'll capture some additional value we're providing to those. In terms of how we use that modest cash balance. We are very actively looking at opportunities in the market. We have a number of different irons in the fire. We are being selective. We are not chasing things that we feel are overvalued in the cycle. And we're looking for reasonably priced assets that we can get a 10 banger on. If we can't get a 10 banger on it, why do it? We aren't forgetting that balance we're aggressively working it but we want to do it the right way. Operator Thank you. We have a question from the line of Sterling Auty from JPMorgan. Please go ahead. Sterling Auty -- J.P.Morgan -- Analyst Yes. Thanks. Hi, guys. Just one question on LoopNet conversions, of the 100,000 or so targets that you're going after, what percentage have you now kind of reach to do kind of the meetings and demos at this point to try to convert them? Andrew C. Florance -- Director, President, and Chief Executive Officer I don't have an exact figure in front of me here, so I could only give you a estimate. And I would imagine it is 20% or so but also remember that my experiences over the years have been that often that you'll have a quick sale cycle where you meet with one of those conversions and they close within 30 days. So your initial close might be 50%. Your three-year close rate might be 75%. So you have the first run of it and then those people often reconsider or eventually come around to it. So we have a motto here in our sales organization that eventually they all buy. It's just a question of when they see the light and they are ready to get a fantastic ROI for their investment in CoStar. Operator Thank you. [Operator instructions]. And we have a question from the line of Marc Wiesenberger from B. Riley. Please go ahead. Marc Wiesenberger -- B. Riley FBR -- Analyst Good afternoon. Thank you. Are you seeing any trend in non-traditional users across any of your platforms? And if so does that impact future product releases and/or marketing campaigns? Thank you. Andrew C. Florance -- Director, President, and Chief Executive Officer We've always had a couple of big sea changes like one is the growth of owners, used we are predominantly driven by brokers now overwhelmingly our biggest customers are our owners and that's a growing segment. So that's a big focus for our product releases. We always have a remarkable collection of unexpected users of our products like, you can delve into it, and when you look at 20 brands and you're like why in the world are they buying the product, and then there'll be some explanation about the need to measure the radio transmission blockage of buildings in order to calculate certain things. So there's always something going on like LA school district subscribed to CoStar in order to forecast their budgets and out years since they're funded by commercial property taxes. So there is always something going on there. I actually think that it's not a sort of wild outlier but the banking industry I think is the next big phase for us. So our ability to wrap our customers' loan portfolios with good surveillance and strong underwriting tools I think we can for relatively modest cost, we can invest there and build some really compelling tools to the banking industry. So we have some things in development there. Also, we're providing some tools for CMBS investors, I think are pretty exciting where we're giving CMBS investors advance information on the economics of properties in the portfolio as well before the servicers report that content to the investors. So again, some information arbitrage there, I think those tools have a lot of legs. So we're really more focusing on bigger blocks of opportunities to taking folks who are traditionally 4% of our revenues and saying can we grow them to 10%. And there's probably five or six of those. Operator Thank you. And at this time, we have no further questions in queue. Andrew C. Florance -- Director, President, and Chief Executive Officer [Inaudible] batting cleanup. So thank you very much for joining us for our 80th CoStar earnings call. And we look forward to updating on our progress for the third quarter before long. And again, thank you very much for joining us. Operator [Operator signoff] Duration: 69 minutes Call Participants: Richard Simonelli -- Vice President, Investor Relations and Public Relations Andrew C. Florance -- Director, President, and Chief Executive Officer Scott Wheeler -- Chief Financial Officer George Tong -- Goldman Sachs -- Analyst Brett Huff -- Stephens -- Analyst Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst Pete Christiansen -- Citi -- Analyst Mayank Tandon -- Needham & Co. -- Analyst David Ridley-Lane -- Bank of America Merrill Lynch -- Analyst Stephen Sheldon -- William Blair & Co. -- Analyst Bill Warmington -- Wells Fargo Securities -- Analyst Sterling Auty -- J.P.Morgan -- Analyst Marc Wiesenberger -- B. Riley FBR -- Analyst More CSGP analysis This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of June 4, 2018 Motley Fool Transcribing has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Stocks Which Set New 52-Week High Yesterday, July 25th""]"
CSGP,2018-07-27,43.203,43.618,41.84,42.18,
CSGP,2018-07-30,42.265,42.595,40.975,41.456,
CSGP,2018-07-31,41.678,42.178,41.177,41.585,
CSGP,2018-08-01,41.589,43.045,41.457,41.859,
CSGP,2018-08-02,41.619,42.732,41.605,42.647,
CSGP,2018-08-03,42.697,42.858,41.772,42.302,
CSGP,2018-08-06,42.3,42.736,41.87,42.216,
CSGP,2018-08-07,42.179,42.303,41.638,42.0,
CSGP,2018-08-08,42.005,42.458,39.822,42.156,
CSGP,2018-08-09,42.238,43.014,42.0,42.285,
CSGP,2018-08-10,42.072,43.11,41.926,42.861,"[""Oppenheimer Funds Standout Wins With Diversified Portfolio"", ""Oppenheimer Funds Standout Wins With Diversified Portfolio"", ""Oppenheimer Funds Standout Wins With Diversified Portfolio""]"
CSGP,2018-08-13,42.878,43.572,42.813,42.864,
CSGP,2018-08-14,42.87,43.431,42.705,43.096,
CSGP,2018-08-15,42.934,43.575,42.804,42.881,
CSGP,2018-08-16,43.269,43.269,42.809,42.966,
CSGP,2018-08-17,42.977,43.167,42.84,43.044,
CSGP,2018-08-20,43.028,43.314,42.622,43.228,
CSGP,2018-08-21,43.254,43.44,42.722,42.989,
CSGP,2018-08-22,42.904,43.138,42.712,43.082,
CSGP,2018-08-23,43.076,43.558,42.906,43.449,
CSGP,2018-08-24,43.581,43.938,43.375,43.447,
CSGP,2018-08-27,43.621,44.193,43.513,43.88,"[""IBD Stock Of The Day: CoStar Group Stalks New Buy Point With Earnings Growth Accelerating"", ""IBD Stock Of The Day: CoStar Group Stalks New Buy Point With Earnings Growth Accelerating"", ""IBD Stock Of The Day: CoStar Group Stalks New Buy Point With Earnings Growth Accelerating""]"
CSGP,2018-08-28,43.989,44.455,43.689,43.839,
CSGP,2018-08-29,43.924,44.466,43.924,44.213,"[""After 99% Run, This Stock With 93% Growth May Land New Breakout"", ""After 99% Run, This Stock With 93% Growth May Land New Breakout"", ""After 99% Run, This Stock With 93% Growth May Land New Breakout""]"
CSGP,2018-08-30,44.168,44.296,43.823,44.105,
CSGP,2018-08-31,44.098,44.421,44.072,44.216,
CSGP,2018-09-04,44.186,44.835,43.913,44.672,
CSGP,2018-09-05,44.7,44.71,43.35,44.251,"[""Stocks Which Set New 52-Week High Yesterday, September 4th"", ""Stocks Which Set New 52-Week High Yesterday, September 4th"", ""Validea Motley Fool Strategy Daily Upgrade Report - 9/5/2018 The following are today's upgrades for Validea's Small-Cap Growth Investor model based on the published strategy of Motley Fool . This strategy looks for small cap growth stocks with solid fundamentals and strong price performance. CALLAWAY GOLF CO ( ELY ) is a mid-cap growth stock in the Recreational Products industry. The rating according to our strategy based on Motley Fool changed from 68% to 72% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges, and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of its trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of Callaway Golf and Strata balls that are designed, manufactured and sold by the Company. It sells its products to retailers, directly and through its subsidiaries, and to third-party distributors. It sells pre-owned golf products through its Website, www.callawaygolfpreowned.com. In addition, it sells Callaway Golf and Odyssey products, including Toulon Design by Odyssey, directly to consumers through its Websites, www.callawaygolf.com and www.odysseygolf.com. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here COSTAR GROUP INC ( CSGP ) is a large-cap growth stock in the Real Estate Operations industry. The rating according to our strategy based on Motley Fool changed from 59% to 72% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: CoStar Group, Inc. (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France. The Company provides online marketplaces for commercial real estate, apartment rentals, lands for sale and businesses for sale. It manages its business geographically in two segments: North America, which includes the United States and Canada, and International, which includes the United Kingdom, Spain, Germany and France. Its suite of information, analytics and online marketplaces is branded and marketed to its customers. Its services are primarily derived from a database of building-specific information and offer customers specialized tools for accessing, analyzing and using its information. It has five brands: CoStar, LoopNet, Apartments.com, BizBuySell and LandsofAmerica. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here TRUPANION INC ( TRUP ) is a small-cap growth stock in the Insurance (Accident & Health) industry. The rating according to our strategy based on Motley Fool changed from 69% to 76% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Trupanion, Inc. provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers. The other business segment includes other operations that are not directly marketed to consumers. The Company offers a software solution, Trupanion Express, which is designed to facilitate the direct payment of invoices to veterinary practices. Trupanion Express integrates with veterinarians' practice management software, which allows the Company to access data. The Company's subsidiaries include American Pet Insurance Company, Trupanion Managers USA, Inc., Trupanion Brokers Ontario, Inc. and Wyndham Insurance Company (SAC), Ltd. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Motley Fool has returned 642.75% vs. 189.55% for the S&P 500. For more details on this strategy, click here About Motley Fool : Brothers David and Tom Gardner often wear funny hats in public appearances, but they're hardly fools -- at least not the kind whose advice you should readily dismiss. The Gardners are the founders of the popular Motley Fool web site, which offers frank and often irreverent commentary on investing, the stock market, and personal finance. The Gardners' \""Fool\"" really is a multi-media endeavor, offering not only its web content but also several books written by the brothers, a weekly syndicated newspaper column, and subscription newsletter services. About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Stocks Which Set New 52-Week High Yesterday, September 4th""]"
CSGP,2018-09-06,44.228,44.332,43.679,43.721,
CSGP,2018-09-07,43.46,43.887,43.201,43.407,
CSGP,2018-09-10,43.594,43.799,43.182,43.598,
CSGP,2018-09-11,43.551,44.482,43.339,44.384,
CSGP,2018-09-12,44.353,44.353,43.251,43.492,
CSGP,2018-09-13,43.698,43.92,43.451,43.849,
CSGP,2018-09-14,43.935,43.935,43.48,43.5,
CSGP,2018-09-17,43.5,43.5,42.252,42.35,
CSGP,2018-09-18,42.13,42.846,42.13,42.5,
CSGP,2018-09-19,42.585,42.585,41.452,41.519,
CSGP,2018-09-20,41.736,42.318,41.337,42.015,"[""MFS Fund Bets Its Hot Streak On Top New Buys Like These"", ""MFS Fund Bets Its Hot Streak On Top New Buys Like These"", ""MFS Fund Bets Its Hot Streak On Top New Buys Like These""]"
CSGP,2018-09-21,42.03,42.549,41.832,41.965,
CSGP,2018-09-24,41.783,42.056,41.482,41.752,
CSGP,2018-09-25,41.622,42.483,41.57,41.846,
CSGP,2018-09-26,41.755,42.494,41.539,41.97,
CSGP,2018-09-27,42.01,42.3,41.644,41.771,
CSGP,2018-09-28,41.73,42.251,41.467,42.084,
CSGP,2018-10-01,42.317,42.501,41.428,41.435,
CSGP,2018-10-02,41.275,41.668,40.441,40.5,
CSGP,2018-10-03,40.742,41.008,40.099,40.89,
CSGP,2018-10-04,40.83,40.921,39.695,40.011,"The Implied Analyst 12-Month Target For FEX Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Large Cap Core AlphaDEX Fund ETF (Symbol: FEX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $69.18 per unit. With FEX trading at a recent price near $62.41 per unit, that means that analysts see 10.84% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FEX's underlying holdings with notable upside to their analyst target prices are Leidos Holdings Inc (Symbol: LDOS), CoStar Group, Inc. (Symbol: CSGP), and Moody's Corp. (Symbol: MCO). Although LDOS has traded at a recent price of $67.72/share, the average analyst target is 12.86% higher at $76.43/share. Similarly, CSGP has 12.12% upside from the recent share price of $408.90 if the average analyst target price of $458.44/share is reached, and analysts on average are expecting MCO to reach a target price of $185.89/share, which is 11.82% above the recent price of $166.24. Below is a twelve month price history chart comparing the stock performance of LDOS, CSGP, and MCO: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-10-05,40.0,40.52,39.323,39.492,"CoStar Group Enters Oversold Territory (CSGP) Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of CoStar Group, Inc. (Symbol: CSGP) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $393.23 per share. By comparison, the current RSI reading of the S&P 500 ETF ( SPY ) is 44.9. A bullish investor could look at CSGP's 29.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CSGP shares: Looking at the chart above, CSGP's low point in its 52 week range is $272.2738 per share, with $448.35 as the 52 week high point - that compares with a last trade of $394.92. Find out what 9 other oversold stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-10-08,39.37,39.37,38.376,38.511,
CSGP,2018-10-09,38.324,39.034,37.784,38.377,
CSGP,2018-10-10,38.218,38.218,37.224,37.324,
CSGP,2018-10-11,37.225,38.134,37.08,37.5,
CSGP,2018-10-12,38.054,39.364,38.054,38.83,"[""CoStar acquires UK's largest commercial property marketplace Realla"", ""CoStar Group Acquires UK Commercial Property Marketplace Realla"", ""CoStar Group Acquires UK Commercial Property Marketplace Realla"", ""CoStar acquires UK's largest commercial property marketplace Realla"", ""CoStar Group Breaks Above 200-Day Moving Average - Bullish for CSGP In trading on Friday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed above their 200 day moving average of $385.06, changing hands as high as $393.64 per share. CoStar Group, Inc. shares are currently trading up about 3.3% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $276.645 per share, with $448.35 as the 52 week high point - that compares with a last trade of $387.30. Click here to find out which 9 other stocks recently crossed above their 200 day moving average \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Acquires UK Commercial Property Marketplace Realla"", ""CoStar acquires UK's largest commercial property marketplace Realla""]"
CSGP,2018-10-15,38.911,39.349,38.059,38.059,
CSGP,2018-10-16,38.352,39.845,38.1,39.729,"[""CoStar Group (CSGP) Q3 Earnings Preview: What to Know Ahead of the Release"", ""CoStar Group (CSGP) Q3 Earnings Preview: What to Know Ahead of the Release"", ""CoStar Group (CSGP) Q3 Earnings Preview: What to Know Ahead of the Release""]"
CSGP,2018-10-17,39.723,39.99,38.99,39.292,"[""Highly Rated Costar Near Buy Zone With Earnings Due"", ""Highly Rated Costar Near Buy Zone With Earnings Due"", ""Highly Rated Costar Near Buy Zone With Earnings Due""]"
CSGP,2018-10-18,39.148,39.454,38.481,38.853,
CSGP,2018-10-19,39.112,39.264,38.208,38.349,"10 Big Tech Stocks That Pack a Wallop InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tech stocks haven't been doing too well recently. Semiconductor stocks have been hit by the China trade war but even the PowerShares QQQ Trust Series 1 ETF (NASDAQ: QQQ ), which represents the more broadly tech-oriented NASDAQ 100, is only up 11% year to date. That's the tricky thing about looking at tech stocks now. You don't want to try to catch falling knives - stocks that are falling for legitimate reasons and will continue to fall. But you do want to find quality stocks that have sold off a bit but now represent bargains. Let the Marijuana Boom Begin These 10 big tech stocks that pack a wallop fall in the latter category. These are great stocks that represent an array of different tech sectors that will continue to grow (if they're growing now) or will rebound quickly once the markets settle down. Salesforce (CRM) Source: Shutterstock Salesforce.com (NYSE: CRM ) is the biggest - and some would argue the best - customer relationship management cloud-based enterprise software management company in the business. CRM has transformed the way many businesses manage their sales information and customers details. And as one of the pioneers of modern-day CRM, salesforce has been able to stay ahead of the competition and expand its influence. Now sitting at an impressive $107 billion market cap, it is certainly breathing the rarefied air of other big tech companies. And while it has competitors, its platform flexibility and focus are unique advantages. It's up 39% year to date, even after these down days, and there's plenty left in the tank. NetApp (NTAP) Source: Shutterstock NetApp (NASDAQ: NTAP ) hasn't suffered any of the tech troubles that have hit stocks in this industry largely because it is well placed in the middle of one of strongest long-term growth sectors of any technology. NTAP is a cloud storage provider. If the second wave of the digital revolution has revealed anything, it's how powerful mobility has become with businesses, governments and consumers. The cloud makes all that possible. And NTAP is one of the industry leaders. It's not Amazon Web Services (NASDAQ: AMZN ) or Microsoft Azure (NASDAQ: MSFT ), but it is very good at what it does. And remember, many enterprise systems use two cloud providers for their data, one as the primary, and the other as a back-up. That gives NTAP two bites at almost every apple. 10 Defense Stocks to Buy for a Changing World Its $20 billion market cap means its small enough to really benefit from healthy growth and the fact the stock is up 40% year to date, reflects that. IAC/InterActiveCorp (IAC) Source: Rob Thurman Via Flickr IAC/InterActiveCorp (NASDAQ: IAC ) may not have the most memorable name, but its portfolio of tech companies' encompasses a series of iconic names: Match.com, Tinder, HomeAdvisor, Angie's List, Vimeo, The Daily Beast and Dictionary.com, just to name a few. IAC has built a business that holds some of the biggest names in internet commerce today. Whether it's publishing, video platforms or online dating services, each is a unique stream of income but offers IAC to slice and dice those names and offer them complementary services, growing customer value. This model is unique to the web, since pulling this together in an analog world would be incredibly inefficient. The stock is up 62% year to date and is still selling at a price-to-earnings ratio of 38. That's crazy. CoStar Group (CSGP) Source: Apartments.com CoStar Group (NASDAQ: CSGP ) has combined two of the hottest sectors in the market today into one interesting company - commercial real estate and online services. Started in low-tech 1987, CSGP has been helping people find, manage and purchase commercial property in North America and Western Europe ever since. Now it has become a online platform of resources that not only include traditional commercial real estate but multi-family properties as well. Commercial real estate is still a robust market and as housing prices rise with mortgage rates, multi-family housing demand is also increasing as potential homebuyers wait to see where the markets will land. 15 Tech Stocks With Hidden Potential CSGP is up 29% year to date, even as the real estate markets have been tossed around. Also remember that Europe is also having a lot commercial real estate shuffling as Brexit negotiations continue. Fortinet (FTNT) Source: Dennis van Zuijlekom via Flickr Fortinet (NASDAQ: FTNT ) is a key player in another tech sector that shows little sign of diminishing in the near future - cybersecurity. With a $13 billion market cap, FTNT stock is no small player. And having been around two decades at this point, the company has built a reputation and a book of business around that globe that gives it significant advantage over johnny-come-latelys in this sector. Whatever a company needs to protect, FTNT offers products to help - even a suite of cloud-based security products and crypto-VPN products. It's little surprise that FTNT is up 87% year to date and will continue this growth as we transition to more 'smart' devices and the Internet of Things. GrubHub (GRUB) Source: Shutterstock GrubHub (NYSE: GRUB ) is one of those companies that could not exist without the internet. Could you imagine a company that delivers food for restaurants sporting a $10.5 billion market cap in any other time in history? But ours is not to question why, it's to take advantage of a simple idea that scales beautifully with technology - and a smart management team that has expanded from its Chicago roots across the U.S. to London. While there is still plenty of territory left to claim in the U.S., the move to the UK is smart because it gives GRUB a toe in the door to the European markets. 10 Marijuana Stocks for the Canadian 'Pot Rush' Up 62% year to date, a strong economy is wind in this stock's sails (and sales). Intel (INTC) Source: Shutterstock Intel (NASDAQ: INTC ) is the leading chipmaker in the world. So, when chip stocks are getting hammered, it makes perfect sense that INTC is going to take some of those blows directly. While the stock is off about 4% year to date, its 2.7% dividend almost brings it back to breakeven. Unfortunately, that isn't exactly the kind of return that gets investors of any stripe excited. But the fact is, INTC has a $200 billion market cap and is still a very competitive force in the industry. It isn't going anywhere. CEO Brian Krzanich was forced to step down in June and the search for a new CEO continues, but he was influential in developing the strategy that moved INTC off its PC-dependent market and into IoT and cloud-based tech. There's still plenty to like when this sector turns around. Microsoft (MSFT) Source: Shutterstock Microsoft now has an $833 billion market cap. This from the company that help usher in the personal computer with its DOS and Windows operating systems is a far different company than it used to be. While its software is still dominant - now cloud-based subscriptions rather than software-based licenses - MSFT stock has been able to grow its business outside of its one-trick pony. Its laptops are now very much respected as quality, attractive machines that can rival the best in the industry. But its Azure cloud services is where the growth is now. As with its major cloud competitor Amazon Web Services (AWS), Azure is a powerful growth engine for MSFT stock. And Azure is growing even faster than AWS at this point. That trend is in place at least for the near future. 7 Stocks to Buy and Hold Through Any Market Selloff Up nearly 27% year to date, MSFT is a big tech company that is a 21st-century blue-chip growth stock. Mastercard (MA) Source: Håkan Dahlström via Flickr (Modified) Mastercard (NYSE: MA ) may seem oddly placed in this tech article, but MA deserves its place in this list simply for the fact that it has successfully made the transition from global credit card company into an electronic payments beast. We are not only transitioning to a cashless society and a borderless society, but also a frictionless society when it comes to payments. Buying across borders and currencies is now almost taken for granted. And in emerging markets, where banks aren't known for their stability, having access to cash from online resources is much more secure than the local financial institution. The point is, there is still plenty of growth left MA stock. Its global reputation is something that few competitors can match, either with consumers or commercial customers looking for a reliable partner. Up 35% so far this year, a recovering global economy is one of the best things that can happen for MA. Adobe (ADBE) Source: Shutterstock Adobe Systems (NASDAQ: ADBE ) has been around since 1982 and was one of the pre-tech companies that had a great niche before computers took over the world. In the early days it struggled with transitioning its business model to one that could keep up with all the changes that were happening in the digital space. But in recent years, ADBE stock has really hit its stride and still has some of the most dominant brands in the digital marketing and media solutions space. Smart packaging of its tools as well as transitioning to cloud-based subscriptions have really helped revenue. And its 3D printing software is testament to its ability to stay on the cutting of design tech. Sears Is Dead, But These 5 Retail Stocks Offer Hope Up 40% this year so far, ADBE's $122 billion market cap is evidence of its power and breadth in this important growth sector. Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor , Breakthrough Stocks , Accelerated Profits and Platinum Growth . His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com . Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace 15 Cheap Stocks With Low Risk Profiles 10 Defense Stocks to Buy for a Changing World 7 Tech Stocks to Buy for the Future of HR 5 U.S. Marijuana Stocks to Buy Before the Market Lights Up Compare Brokers The post 10 Big Tech Stocks That Pack a Wallop appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-10-22,38.508,38.756,38.162,38.531,"[""Notable earnings after Tuesday's close"", ""Notable earnings after Tuesday's close"", ""Notable earnings after Tuesday's close""]"
CSGP,2018-10-23,38.009,38.613,37.619,38.271,"[""CoStar Group beats by $0.08, misses on revenue"", ""CoStar Group (CSGP) Surpasses Q3 Earnings Estimates"", ""CoStar Group reports mixed Q3, in-line Q4 guide"", ""CoStar Group's (CSGP) CEO Andy Florance on Q3 2018 Results - Earnings Call Transcript"", ""Earnings Scheduled For October 23, 2018"", ""CoStar Group, Inc. Q3 EPS $2.16 Beats $2.08 Estimate, Sales $305.525M Miss $305.71M Estimate"", ""CoStar Sees Q4 Adj. EPS $2.48-$2.56 vs $2.51 Estimate, Sales $307M-$313M vs $313.5M Est."", ""CoStar Raises FY18 Guidance: Adj. EPS From $7.75-$7.95 As Of Jul. 24, 2018 To $7.95-$8.03 vs $7.90 Estimate, Narrows Sales From $1.18B-$1.19B To $1.183B-$1.189B vs $1.19B Est."", ""CoStar Raises FY18 Guidance: Adj. EPS From $7.75-$7.95 As Of Jul. 24, 2018 To $7.95-$8.03 vs $7.90 Estimate, Narrows Sales From $1.18B-$1.19B To $1.183B-$1.189B vs $1.19B Est."", ""CoStar Sees Q4 Adj. EPS $2.48-$2.56 vs $2.51 Estimate, Sales $307M-$313M vs $313.5M Est."", ""CoStar Group, Inc. Q3 EPS $2.16 Beats $2.08 Estimate, Sales $305.525M Miss $305.71M Estimate"", ""Earnings Scheduled For October 23, 2018"", ""CoStar Group's (CSGP) CEO Andy Florance on Q3 2018 Results - Earnings Call Transcript"", ""CoStar Group reports mixed Q3, in-line Q4 guide"", ""CoStar Group (CSGP) Surpasses Q3 Earnings Estimates"", ""CoStar Group beats by $0.08, misses on revenue"", ""CoStar Group (CSGP) Surpasses Q3 Earnings Estimates CoStar Group (CSGP) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $2.06 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.85%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $1.31 per share when it actually produced earnings of $1.66, delivering a surprise of 26.72%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $305.53 million for the quarter ended September 2018, missing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $247.53 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CoStar shares have added about 29.8% since the beginning of the year versus the S&P 500's gain of 3.1%. What's Next for CoStar? While CoStar has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CoStar was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.51 on $313.79 million in revenues for the coming quarter and $7.91 on $1.19 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""After-Hours Earnings Report for October 23, 2018 : TXN, CNI, CB, ILMN, COF, EW, EQR, AMP, TSS, AGR, CSGP, IEX The following companies are expected to report earnings after hours on 10/23/2018. Visit our Earnings Calendar for a full list of expected earnings releases. Texas Instruments Incorporated ( TXN ) is reporting for the quarter ending September 30, 2018. The semiconductor company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.53. This value represents a 21.43% increase compared to the same quarter last year. In the past year TXN has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2018 Price to Earnings ratio for TXN is 18.13 vs. an industry ratio of 14.10, implying that they will have a higher earnings growth than their competitors in the same industry. Canadian National Railway Company ( CNI ) is reporting for the quarter ending September 30, 2018. The transportation (rail) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.12. This value represents a 6.67% increase compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CNI is 20.32 vs. an industry ratio of 16.10, implying that they will have a higher earnings growth than their competitors in the same industry. Chubb Limited ( CB ) is reporting for the quarter ending September 30, 2018. The insurance (property & casualty) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $2.38. This value represents a 1930.77% increase compared to the same quarter last year. In the past year CB has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 1.9%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CB is 12.61 vs. an industry ratio of 19.10. Illumina, Inc. ( ILMN ) is reporting for the quarter ending September 30, 2018. The biomedical (gene) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.25. This value represents a 12.61% increase compared to the same quarter last year. In the past year ILMN has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 28.83%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for ILMN is 58.10 vs. an industry ratio of -10.10, implying that they will have a higher earnings growth than their competitors in the same industry. Capital One Financial Corporation ( COF ) is reporting for the quarter ending September 30, 2018. The financial services company's consensus earnings per share forecast from the 9 analysts that follow the stock is $2.89. This value represents a 19.42% increase compared to the same quarter last year. COF missed the consensus earnings per share in the 4th calendar quarter of 2017 by -12.43%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for COF is 8.01 vs. an industry ratio of 9.10. Edwards Lifesciences Corporation ( EW ) is reporting for the quarter ending September 30, 2018. The medical instruments company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.02. This value represents a 21.43% increase compared to the same quarter last year. EW missed the consensus earnings per share in the 3rd calendar quarter of 2017 by -2.33%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for EW is 31.97 vs. an industry ratio of 3.50, implying that they will have a higher earnings growth than their competitors in the same industry. Equity Residential ( EQR ) is reporting for the quarter ending September 30, 2018. The reit company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.83. This value represents a 3.75% increase compared to the same quarter last year. EQR missed the consensus earnings per share in the 1st calendar quarter of 2018 by -1.28%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for EQR is 19.61 vs. an industry ratio of 19.50, implying that they will have a higher earnings growth than their competitors in the same industry. AMERIPRISE FINANCIAL SERVICES, INC. ( AMP ) is reporting for the quarter ending September 30, 2018. The finance/investment management company's consensus earnings per share forecast from the 2 analysts that follow the stock is $3.61. This value represents a 2.27% increase compared to the same quarter last year. In the past year AMP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.56%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AMP is 9.04 vs. an industry ratio of -9.10, implying that they will have a higher earnings growth than their competitors in the same industry. Total System Services, Inc. ( TSS ) is reporting for the quarter ending September 30, 2018. The financial transactions company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.04. This value represents a 23.81% increase compared to the same quarter last year. In the past year TSS has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 1.94%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for TSS is 22.30 vs. an industry ratio of 19.50, implying that they will have a higher earnings growth than their competitors in the same industry. Avangrid, Inc. ( AGR ) is reporting for the quarter ending September 30, 2018. The electric power utilities company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.43. This value represents a 7.50% increase compared to the same quarter last year. The last two quarters AGR had negative earnings surprises; the latest report they missed by -14.58%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for AGR is 21.36 vs. an industry ratio of 61.70. CoStar Group, Inc. ( CSGP ) is reporting for the quarter ending September 30, 2018. The information technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.83. This value represents a 48.78% increase compared to the same quarter last year. CSGP missed the consensus earnings per share in the 4th calendar quarter of 2017 by -2.78%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CSGP is 55.20 vs. an industry ratio of 47.60, implying that they will have a higher earnings growth than their competitors in the same industry. IDEX Corporation ( IEX ) is reporting for the quarter ending September 30, 2018. The machinery company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.31. This value represents a 21.30% increase compared to the same quarter last year. In the past year IEX has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 6.87%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for IEX is 25.10 vs. an industry ratio of 19.20, implying that they will have a higher earnings growth than their competitors in the same industry. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Raises FY18 Guidance: Adj. EPS From $7.75-$7.95 As Of Jul. 24, 2018 To $7.95-$8.03 vs $7.90 Estimate, Narrows Sales From $1.18B-$1.19B To $1.183B-$1.189B vs $1.19B Est."", ""CoStar Sees Q4 Adj. EPS $2.48-$2.56 vs $2.51 Estimate, Sales $307M-$313M vs $313.5M Est."", ""CoStar Group, Inc. Q3 EPS $2.16 Beats $2.08 Estimate, Sales $305.525M Miss $305.71M Estimate"", ""Earnings Scheduled For October 23, 2018"", ""CoStar Group's (CSGP) CEO Andy Florance on Q3 2018 Results - Earnings Call Transcript"", ""CoStar Group reports mixed Q3, in-line Q4 guide"", ""CoStar Group (CSGP) Surpasses Q3 Earnings Estimates"", ""CoStar Group beats by $0.08, misses on revenue""]"
CSGP,2018-10-24,37.45,38.76,35.83,35.93,
CSGP,2018-10-25,36.387,37.993,35.47,35.836,"Acquisitions Drive CoStar Group Earnings Sharply Higher CoStar Group (NASDAQ: CSGP) reported third-quarter results on Oct. 23. The leading provider of commercial real estate information, analytics, and online marketplaces is enjoying robust growth, fueled by a series of value-creating acquisitions. CoStar Group results: The raw numbers Data source: CoStar Group Q3 2018 earnings release . YOY = year over year. What happened with CoStar Group this quarter? CoStar Suite revenue climbed 19% to $139 million, as the company continues to find success in enticing heavy users of its LoopNet commercial property marketplace to upgrade to its premium CoStar Suite research product. ""As we have seen time and again, since the LoopNet acquisition closed in 2012, LoopNet is a great source for identifying and refilling our lead list of commercial real estate professionals that we can sell CoStar Suite to,"" co-founder and CEO Andrew Florance said during a conference call with analysts. Moreover, management sees long runways for additional growth. ""I still believe that over time we can generate hundreds of millions of incremental annual subscription revenue by upselling LoopNet users to CoStar Suite,"" Florance said. Multifamily revenue rose an even more impressive 45%, to $105 million, boosted by the successful integration of recent acquisition ForRent . ""We completed the combination of the ForRent.com website with the CoStar database in September, making ForRent the fastest ILS [internet listing service] integration we have ever done,"" Florance said in a press release. ""Our combined ForRent and Apartments.com sales team will now focus on expanding our Apartments.com customer base in the months ahead."" Better still, CoStar continues to become more profitable as it expands. Adjusted EBITDA -- which excludes stock-based compensation, acquisition-related charges, and certain other items -- increased 31%, to $110 million, as adjusted EBITDA margin improved to 36% from 34% in the year-ago quarter. And adjusted net income surged 70% to $79 million, or $2.16 per share. Looking forward These strong results prompted CoStar to lift its full-year financial forecast, which now includes: Revenue of $1.183 billion to $1.189 billion, signifying year-over-year growth of 23%, and changed from prior guidance of $1.180 billion to $1.192 billion Adjusted EBITDA of $404 million to $408 million, up from $395 million to $405 million Adjusted earnings per share of $7.95 to $8.03, up from $7.75 to $7.95 ""Given our very strong margin performance, we are confident we will exceed our goal of 40% adjusted EBITDA margin for the fourth quarter of 2018, and are raising our earnings guidance for the full year of 2018,"" CFO Scott Wheeler said. Additionally, CoStar highlighted the potential for another recent acquisition -- Realla -- to boost the company's growth in the years ahead. As the U.K.'s largest marketplace for commercial property, Realla is expected to further CoStar's European expansion. ""Across the world, marketing commercial properties is moving to digital marketplaces, away from wood-based products like magazines, flyers, and boards,"" Florance said. ""Realla is the U.K.'s most comprehensive commercial property digital marketplace -- and when combined with the CoStar information solution it is expected to offer the best tools for marketing properties, valuations, and facilitating transactions."" 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-10-26,35.369,35.848,34.862,35.528,
CSGP,2018-10-29,36.003,36.003,34.508,34.896,"[""Consolidated Research: \u2014\u2026\u20138 Summary Expectations for TD Ameritrade Holding, Spire, CoStar ..."", ""Consolidated Research: \u2014\u2026\u20138 Summary Expectations for TD Ameritrade Holding, Spire, CoStar ..."", ""Consolidated Research: \u2014\u2026\u20138 Summary Expectations for TD Ameritrade Holding, Spire, CoStar ...""]"
CSGP,2018-10-30,34.915,35.159,34.244,34.783,
CSGP,2018-10-31,35.116,37.332,35.047,36.142,
CSGP,2018-11-01,36.231,36.764,35.89,36.383,
CSGP,2018-11-02,36.548,36.955,36.184,36.283,
CSGP,2018-11-05,36.472,36.881,35.437,36.006,
CSGP,2018-11-06,35.936,36.346,35.655,35.782,
CSGP,2018-11-07,36.109,37.19,36.025,36.792,
CSGP,2018-11-08,36.758,37.03,36.388,36.766,"[""CoStar Group Reports Purchase Of Cozy Services For $68M"", ""CoStar Group Reports Purchase Of Cozy Services For $68M"", ""CoStar Group Reports Purchase Of Cozy Services For $68M""]"
CSGP,2018-11-09,36.838,37.08,36.112,36.501,
CSGP,2018-11-12,36.391,36.463,35.456,35.704,
CSGP,2018-11-13,35.808,36.136,35.192,35.57,
CSGP,2018-11-14,35.816,36.192,34.454,34.613,
CSGP,2018-11-15,34.454,35.652,34.44,35.609,
CSGP,2018-11-16,35.523,36.29,35.41,36.279,
CSGP,2018-11-19,36.032,36.428,34.808,35.009,
CSGP,2018-11-20,34.456,36.197,34.263,36.122,
CSGP,2018-11-21,36.302,36.536,35.502,35.9,"[""ClearBridge Mid Cap Growth Strategy Portfolio Manager Commentary Q3 2018"", ""ClearBridge Mid Cap Growth Strategy Portfolio Manager Commentary Q3 2018"", ""ClearBridge Mid Cap Growth Strategy Portfolio Manager Commentary Q3 2018""]"
CSGP,2018-11-23,35.69,35.99,35.597,35.678,
CSGP,2018-11-26,36.044,37.664,35.722,37.297,
CSGP,2018-11-27,36.913,36.953,35.58,35.973,"[""IBD Rating Upgrades: Costar Shows Improved Relative Price Strength"", ""IBD Rating Upgrades: Costar Shows Improved Relative Price Strength"", ""IBD Rating Upgrades: Costar Shows Improved Relative Price Strength""]"
CSGP,2018-11-28,36.212,37.55,36.212,37.505,
CSGP,2018-11-29,37.258,37.367,36.586,37.043,"[""IBD Rating Upgrades: Costar Flashes Improved Relative Price Strength"", ""IBD Rating Upgrades: Costar Flashes Improved Relative Price Strength"", ""IBD Rating Upgrades: Costar Flashes Improved Relative Price Strength""]"
CSGP,2018-11-30,36.933,37.313,36.201,36.939,
CSGP,2018-12-03,37.65,39.53,37.552,38.087,
CSGP,2018-12-04,37.943,37.943,36.323,36.582,
CSGP,2018-12-06,35.957,37.605,35.762,37.544,"Analysts Anticipate EPS Will Reach $36 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel , we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the WisdomTree U.S. Earnings 500 Fund ETF (Symbol: EPS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $36.00 per unit. With EPS trading at a recent price near $30.59 per unit, that means that analysts see 17.67% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EPS's underlying holdings with notable upside to their analyst target prices are Laboratory Corporation of America Holdings (Symbol: LH), CoStar Group, Inc. (Symbol: CSGP), and Synopsys Inc (Symbol: SNPS). Although LH has traded at a recent price of $143.33/share, the average analyst target is 25.19% higher at $179.43/share. Similarly, CSGP has 24.89% upside from the recent share price of $365.82 if the average analyst target price of $456.89/share is reached, and analysts on average are expecting SNPS to reach a target price of $109.83/share, which is 22.79% above the recent price of $89.45. Below is a twelve month price history chart comparing the stock performance of LH, CSGP, and SNPS: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2018-12-07,37.468,37.699,36.425,36.685,"[""IBD Rating Upgrades: Costar Shows Improved Technical Strength"", ""IBD Rating Upgrades: Costar Shows Improved Technical Strength"", ""IBD Rating Upgrades: Costar Shows Improved Technical Strength""]"
CSGP,2018-12-10,36.606,37.036,36.143,36.307,
CSGP,2018-12-11,36.78,37.034,35.974,36.217,
CSGP,2018-12-12,36.569,37.41,36.532,37.128,
CSGP,2018-12-13,37.199,37.467,35.964,36.503,"[""Costar Getting Closer To Key Technical Measure"", ""Costar Getting Closer To Key Technical Measure"", ""Costar Getting Closer To Key Technical Measure""]"
CSGP,2018-12-14,36.184,36.488,35.4,35.748,
CSGP,2018-12-17,35.475,35.541,34.3,34.5,
CSGP,2018-12-18,34.792,35.176,33.373,33.681,
CSGP,2018-12-19,33.772,34.897,33.398,33.657,
CSGP,2018-12-20,33.475,33.669,32.075,32.805,
CSGP,2018-12-21,33.094,33.192,31.907,32.039,
CSGP,2018-12-24,31.692,32.64,31.585,32.047,
CSGP,2018-12-26,32.241,33.735,31.833,33.7,
CSGP,2018-12-27,32.836,33.814,32.482,33.814,
CSGP,2018-12-28,33.906,34.188,33.136,33.719,
CSGP,2018-12-31,33.939,34.132,33.222,33.734,
CSGP,2019-01-02,33.276,33.775,32.946,33.472,
CSGP,2019-01-03,33.168,33.484,32.507,32.728,
CSGP,2019-01-04,33.191,34.228,32.911,33.861,
CSGP,2019-01-07,33.919,34.488,33.459,34.186,
CSGP,2019-01-08,34.534,35.011,33.602,34.493,"[""Wells Fargo positive on CoStar Group"", ""Wells Fargo positive on CoStar Group"", ""Wells Fargo positive on CoStar Group""]"
CSGP,2019-01-09,34.541,35.613,34.541,35.336,
CSGP,2019-01-10,35.272,36.066,35.079,35.962,
CSGP,2019-01-11,35.869,36.053,35.51,35.927,
CSGP,2019-01-14,35.571,36.086,35.13,35.847,
CSGP,2019-01-15,35.9,36.412,35.894,36.233,"[""DELL or CSGP: Which Is the Better Value Stock Right Now?"", ""DELL or CSGP: Which Is the Better Value Stock Right Now?"", ""DELL or CSGP: Which Is the Better Value Stock Right Now?""]"
CSGP,2019-01-16,36.276,36.819,35.89,36.728,
CSGP,2019-01-17,36.518,37.448,36.518,37.165,
CSGP,2019-01-18,37.534,38.049,37.024,38.01,
CSGP,2019-01-22,37.788,38.181,37.404,37.693,"[""Stocks Generating Improved Relative Strength: Costar"", ""Stocks Generating Improved Relative Strength: Costar"", ""Stocks Generating Improved Relative Strength: Costar""]"
CSGP,2019-01-23,37.804,38.477,36.865,37.149,
CSGP,2019-01-24,37.165,37.985,37.019,37.512,
CSGP,2019-01-25,37.794,38.542,37.265,38.401,"[""Costar Trying To Close In On Key Technical Benchmark"", ""Costar Trying To Close In On Key Technical Benchmark"", ""Costar Trying To Close In On Key Technical Benchmark""]"
CSGP,2019-01-28,37.934,38.286,37.556,38.243,
CSGP,2019-01-29,38.279,38.288,37.773,37.994,
CSGP,2019-01-30,38.228,38.503,37.502,38.401,
CSGP,2019-01-31,38.411,39.726,38.411,39.074,"Bullish Two Hundred Day Moving Average Cross - CSGP In trading on Thursday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed above their 200 day moving average of $391.22, changing hands as high as $397.26 per share. CoStar Group, Inc. shares are currently trading up about 1.8% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $315.85 per share, with $448.35 as the 52 week high point - that compares with a last trade of $390.74. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2019-02-01,39.09,39.663,38.91,39.356,
CSGP,2019-02-04,39.313,40.024,39.133,39.848,
CSGP,2019-02-05,39.9,40.101,39.676,40.069,"[""DELL or CSGP: Which Is the Better Value Stock Right Now?"", ""DELL or CSGP: Which Is the Better Value Stock Right Now?"", ""DELL or CSGP: Which Is the Better Value Stock Right Now? Investors interested in Computers - IT Services stocks are likely familiar with Dell Technologies (DELL) and CoStar Group (CSGP). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. Dell Technologies and CoStar Group are sporting Zacks Ranks of #1 (Strong Buy) and #3 (Hold), respectively, right now. Investors should feel comfortable knowing that DELL likely has seen a stronger improvement to its earnings outlook than CSGP has recently. However, value investors will care about much more than just this. Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels. Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use. DELL currently has a forward P/E ratio of 7.33, while CSGP has a forward P/E of 40.41. We also note that DELL has a PEG ratio of 0.61. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. CSGP currently has a PEG ratio of 2.41. Another notable valuation metric for DELL is its P/B ratio of 2.71. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, CSGP has a P/B of 4.96. These are just a few of the metrics contributing to DELL's Value grade of A and CSGP's Value grade of F. DELL has seen stronger estimate revision activity and sports more attractive valuation metrics than CSGP, so it seems like value investors will conclude that DELL is the superior option right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""DELL or CSGP: Which Is the Better Value Stock Right Now?""]"
CSGP,2019-02-06,39.967,40.104,39.381,39.606,
CSGP,2019-02-07,39.274,39.815,39.067,39.815,
CSGP,2019-02-08,39.599,40.366,39.331,40.352,
CSGP,2019-02-11,40.462,40.584,39.686,39.722,
CSGP,2019-02-12,40.1,40.567,39.755,40.527,"[""Earnings Season Preview: Costar Near Buy Zone With EPS Due"", ""Earnings Season Preview: Costar Near Buy Zone With EPS Due"", ""Earnings Season Preview: Costar Near Buy Zone With EPS Due""]"
CSGP,2019-02-13,40.764,40.899,40.505,40.695,
CSGP,2019-02-14,40.717,41.089,40.475,40.778,"[""CoStar Group Reports Expanded Deal With Oxford Economics, No Terms Disclosed"", ""CoStar Group Reports Expanded Deal With Oxford Economics, No Terms Disclosed"", ""CoStar Group Reports Expanded Deal With Oxford Economics, No Terms Disclosed""]"
CSGP,2019-02-15,41.02,41.276,40.689,41.103,
CSGP,2019-02-19,40.831,41.215,40.736,40.978,"[""Highly Rated Costar Near Buy Zone With Earnings Due"", ""Highly Rated Costar Near Buy Zone With Earnings Due"", ""Highly Rated Costar Near Buy Zone With Earnings Due""]"
CSGP,2019-02-20,40.899,40.978,40.21,40.96,
CSGP,2019-02-21,40.844,41.226,40.0,40.438,"[""DELL vs. CSGP: Which Stock Should Value Investors Buy Now?"", ""DELL vs. CSGP: Which Stock Should Value Investors Buy Now?"", ""DELL vs. CSGP: Which Stock Should Value Investors Buy Now? Investors interested in Computers - IT Services stocks are likely familiar with Dell Technologies (DELL) and CoStar Group (CSGP). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Currently, Dell Technologies has a Zacks Rank of #2 (Buy), while CoStar Group has a Zacks Rank of #3 (Hold). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that DELL has an improving earnings outlook. But this is just one piece of the puzzle for value investors. Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels. Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use. DELL currently has a forward P/E ratio of 8.01, while CSGP has a forward P/E of 41.75. We also note that DELL has a PEG ratio of 0.67. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. CSGP currently has a PEG ratio of 2.49. Another notable valuation metric for DELL is its P/B ratio of 2.96. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, CSGP has a P/B of 5.09. Based on these metrics and many more, DELL holds a Value grade of A, while CSGP has a Value grade of F. DELL stands above CSGP thanks to its solid earnings outlook, and based on these valuation figures, we also feel that DELL is the superior value option right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""DELL vs. CSGP: Which Stock Should Value Investors Buy Now?""]"
CSGP,2019-02-22,40.658,41.234,40.629,41.182,
CSGP,2019-02-25,41.437,41.564,40.954,41.126,"[""Notable earnings after Tuesday's close"", ""Notable earnings after Tuesday's close"", ""Notable earnings after Tuesday's close""]"
CSGP,2019-02-26,41.091,41.797,40.387,40.653,"[""CoStar Group beats by $0.28, beats on revenue"", ""CoStar Group, Inc. (CSGP) CEO Andy Florance on Q4 2018 Results - Earnings Call Transcript"", ""Earnings Scheduled For February 26, 2019"", ""CoStar Group Q4 EPS $2.81 Beats $2.53 Estimate, Sales $316M Beat $310.31M Estimate"", ""CoStar Sees Q1 Adj. EPS $2.38-$2.47 vs $2.21 Est., Sales $325M-$329M vs $325.86M Est. ;Sees FY19 Adj. EPS $9.80-$10.00 vs $9.79 Est., Sales $1.37B-$1.38B vs $1.38B Est."", ""CoStar Sees Q1 Adj. EPS $2.38-$2.47 vs $2.21 Est., Sales $325M-$329M vs $325.86M Est. ;Sees FY19 Adj. EPS $9.80-$10.00 vs $9.79 Est., Sales $1.37B-$1.38B vs $1.38B Est."", ""CoStar Group Q4 EPS $2.81 Beats $2.53 Estimate, Sales $316M Beat $310.31M Estimate"", ""Earnings Scheduled For February 26, 2019"", ""CoStar Group, Inc. (CSGP) CEO Andy Florance on Q4 2018 Results - Earnings Call Transcript"", ""CoStar Group beats by $0.28, beats on revenue"", ""CoStar Group beats by $0.28, beats on revenue"", ""After-Hours Earnings Report for February 26, 2019 : EOG, PSA, PANW, MELI, MYL, VEEV, CSGP, JAZZ, MASI, TOL, CW, PEN The following companies are expected to repor t earnings after hours on 02/26/2019. Visit our Earnings Calendar for a full list of expected earnings releases. EOG Resources, Inc. ( EOG ) is reporting for the quarter ending December 31, 2018. The oil (us exp & production) company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.34. This value represents a 94.20% increase compared to the same quarter last year. In the past year EOG has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 12.18%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for EOG is 16.68 vs. an industry ratio of 1.70, implying that they will have a higher earnings growth than their competitors in the same industry. Public Storage ( PSA ) is reporting for the quarter ending December 31, 2018. The reit company's consensus earnings per share forecast from the 7 analysts that follow the stock is $2.79. This value represents a 1.45% increase compared to the same quarter last year. In the past year PSA has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 0.75%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for PSA is 19.11 vs. an industry ratio of 15.80, implying that they will have a higher earnings growth than their competitors in the same industry. Palo Alto Networks, Inc. ( PANW ) is reporting for the quarter ending January 31, 2019. The security company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.05. This value represents a 112.50% increase compared to the same quarter last year. PANW missed the consensus earnings per share in the 1st calendar quarter of 2018 by -90.48%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for PANW is 329.41 vs. an industry ratio of 51.50, implying that they will have a higher earnings growth than their competitors in the same industry. MercadoLibre, Inc. ( MELI ) is reporting for the quarter ending December 31, 2018. The internet company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.18. This value represents a 190.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for MELI is -375.09 vs. an industry ratio of 57.60. Mylan N.V. ( MYL ) is reporting for the quarter ending December 31, 2018. The medical company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.33. This value represents a 6.99% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2018 Price to Earnings ratio for MYL is 6.69 vs. an industry ratio of -17.00, implying that they will have a higher earnings growth than their competitors in the same industry. Veeva Systems Inc. ( VEEV ) is reporting for the quarter ending January 31, 2019. The internet software company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.31. This value represents a 82.35% increase compared to the same quarter last year. In the past year VEEV has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2019 Price to Earnings ratio for VEEV is 100.66 vs. an industry ratio of 9.10, implying that they will have a higher earnings growth than their competitors in the same industry. CoStar Group, Inc. ( CSGP ) is reporting for the quarter ending December 31, 2018. The information technology services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $2.30. This value represents a 119.05% increase compared to the same quarter last year. CSGP missed the consensus earnings per share in the 4th calendar quarter of 2017 by -2.78%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CSGP is 57.68 vs. an industry ratio of 43.40, implying that they will have a higher earnings growth than their competitors in the same industry. Jazz Pharmaceuticals plc ( JAZZ ) is reporting for the quarter ending December 31, 2018. The drug company's consensus earnings per share forecast from the 1 analyst that follows the stock is $2.66. This value represents a 3.10% increase compared to the same quarter last year. JAZZ missed the consensus earnings per share in the 4th calendar quarter of 2017 by -5.49%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for JAZZ is 10.83 vs. an industry ratio of 10.80, implying that they will have a higher earnings growth than their competitors in the same industry. Masimo Corporation ( MASI ) is reporting for the quarter ending December 31, 2018. The medical instruments company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.72. This value represents a no change for the same quarter last year. In the past year MASI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 4.41%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for MASI is 44.17 vs. an industry ratio of 18.30, implying that they will have a higher earnings growth than their competitors in the same industry. Toll Brothers, Inc. ( TOL ) is reporting for the quarter ending January 31, 2019. The building (residential/commercial) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.63. This value represents a no change for the same quarter last year. In the past year TOL has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 14.29%. Zacks Investment Research reports that the 2019 Price to Earnings ratio for TOL is 7.94 vs. an industry ratio of 1.20, implying that they will have a higher earnings growth than their competitors in the same industry. Curtiss-Wright Corporation ( CW ) is reporting for the quarter ending December 31, 2018. The aerospace and defense company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.75. This value represents a no change for the same quarter last year. In the past year CW has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 7.59%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for CW is 19.52 vs. an industry ratio of 32.70. Penumbra, Inc. ( PEN ) is reporting for the quarter ending December 31, 2018. The medical instruments company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.11. This value represents a 10.00% increase compared to the same quarter last year. In the past year PEN has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 466.67%. Zacks Investment Research reports that the 2018 Price to Earnings ratio for PEN is 317.02 vs. an industry ratio of 18.30, implying that they will have a higher earnings growth than their competitors in the same industry. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Sees Q1 Adj. EPS $2.38-$2.47 vs $2.21 Est., Sales $325M-$329M vs $325.86M Est. ;Sees FY19 Adj. EPS $9.80-$10.00 vs $9.79 Est., Sales $1.37B-$1.38B vs $1.38B Est."", ""CoStar Group Q4 EPS $2.81 Beats $2.53 Estimate, Sales $316M Beat $310.31M Estimate"", ""Earnings Scheduled For February 26, 2019"", ""CoStar Group, Inc. (CSGP) CEO Andy Florance on Q4 2018 Results - Earnings Call Transcript"", ""CoStar Group beats by $0.28, beats on revenue"", ""CoStar Group beats by $0.28, beats on revenue""]"
CSGP,2019-02-27,44.499,46.333,43.05,45.433,"[""Nasdaq Goes Positive As Earnings Fuel Big Gains In Stocks Today"", ""CoStar Group rallies 11.3% post Q4 results"", ""Ocwen Financial leads financial gainers; Loop Industries and Protective Insurance among losers"", ""Wells Fargo Maintains Outperform on CoStar Group, Raises Price Target to $500"", ""B. Riley FBR Maintains Buy on CoStar Group, Raises Price Target to $512"", ""CoStar Group shares are trading higher after the company reported better than expected Q4 EPS and revenue results. The company also announced strong FY19 guidance."", ""10 Biggest Price Target Changes For Wednesday"", ""72 Stocks Moving In Wednesday's Mid-Day Session"", ""72 Stocks Moving In Wednesday's Mid-Day Session"", ""10 Biggest Price Target Changes For Wednesday"", ""CoStar Group shares are trading higher after the company reported better than expected Q4 EPS and revenue results. The company also announced strong FY19 guidance."", ""B. Riley FBR Maintains Buy on CoStar Group, Raises Price Target to $512"", ""Wells Fargo Maintains Outperform on CoStar Group, Raises Price Target to $500"", ""Nasdaq Goes Positive As Earnings Fuel Big Gains In Stocks Today"", ""Ocwen Financial leads financial gainers; Loop Industries and Protective Insurance among losers"", ""CoStar Group rallies 11.3% post Q4 results"", ""CoStar Group Inc (CSGP) Q4 2018 Earnings Conference Call Transcript CoStar Group, Inc. (NASDAQ: CSGP) Q4 2018 Earnings Conference Call Feb. 26, 2019, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by. Welcome to the fourth quarter, and 2018 earnings call . At this time, everyone joining by phone is in a listen-only or muted mode, and then later, we will conduct a question-and-answer session. Instructions will be given at that time. If you should require assistance during the call, press *, then 0 on your phone keypad. As a reminder, the conference is being recorded; and I'll now turn the meeting over to our host, Rich Simonelli. Please go ahead. Richard Simonelli -- Vice President, Investor Relations Thank you, operator -- and welcome to CoStar Group's fourth quarter and year-end 2018 conference call. Before I turn the call over to Andy Florance, CoStar's CEO and founder, and Scott Wheeler, our CFO, I have some very interesting, and important items for you. Certain portions of our discussion today may contain forward-looking statements, which involve many risks and uncertainties that can cause actual results to differ materially from such statements. Important factors that can cause actual results to differ include, but are not limited to those stated in our press release today, on February 26th, for our fourth quarter and year-end earnings, as well as the company's outlook, and in CoStar's filings with the SEC -- including our most recent annual report on Form 10K, and our subsequen t quarterly report s on form 10Q under the heading \""Risk Factors.\"" All forward-looking statements are based on information available to CoStar at the time of this call. CoStar assumes no obligation to update these statements, whether as a result of new information, future events, or otherwise. Reconciliation to the most directly comparable GAAP measure to the non-GAAP financial measures discussed on this call, including, but not limited to non-GAAP, net income, EBITDA, adjusted EBITDA, and forward-looking GAAP guidance, are shown in detail on our press release issued today, along with definitions for those terms. The press release is available in the Press Room section of our website, located at costargroup.com. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 1, 2019 As a reminder, today's conference call is being broadcast live, and in color on our website, where you can also find CoStar's investor relations page. Please refer to our press release on how to access the replay. Remember, one question -- so make it a good one -- and I'll now turn the call over to Andy. Andy? Andrew C. Florance -- President, Chief Executive Officer Rich, that was authentic, and moving -- thank you. Richard Simonelli -- Vice President, Investor Relations You're welcome. Andrew C. Florance -- President, Chief Executive Officer Thank you all for joining us for CoStar Group's fourth quarter 2018, and year-end earnings call. The first number I wanna focus on is our adjusted EBITDA margin in the fourth quarter, which was 44%. By achieving that strong margin, we have successfully accomplished an important financial goal. Five years ago, in 2014, we set two key long-range financial goals for 2018. One was to achieve $1 billion in annual revenue, and the second was to reach 40% adjusted EBITDA margin for the fourth quarter of 2018. Today, five years later, with a $1.2 billion in revenue for the full year 2018, and a 44% adjusted EBITDA margin in the fourth quarter, our team is pleased to have solidly delivered on both of those goals. Delivering this sort of consistent growth is on-target with our long-range record of good growth. Since 2011, we've achieved a 25% compound annual revenue growth rate, which is in line with our 20-year compound annual growth rate of 25%. For the full year of 2018, our adjusted EBITDA margin was 35%, over 600 basis points of improvement over 2017. EBITDA in 2018 was $351 million, an increase of 48%, compared to $237 million for 2017. Net income was $238 million in 2018, compared to $123 million in 2017, a 94% increase. The past five years have proven that we can grow the top line, expand margins, and still make significant growth investments into the business. Some of those recent investments include the Richmond Research Center, expanding and marketing the Apartments.com network, growing our sales team, integrating the CoStar LoopNet databases, and expanding our Canadian and European businesses. Our most significant growing investments are product and software development; those investments have allowed us to build powerful, profitable businesses with strong leadership positions with CoStar Suite, the Apartments network, CoStar Real Estate Manager, LoopNet, and many others. Because of our exceptional technology, deep understanding of real estate, and the value of our connected commercial real estate communities, we have created transformative value for our clients. We are now attracting 42 million people to our websites monthly, and have earned the business of 150,000 CoStar subscribers. This has enabled us to balance investing back into our business, while still significantly expanding our margins. CoStar Group holds a leadership position in the exciting transformation of a multi-trillion dollar real estate industry, moving from off-line to online. We have positioned the company well for the enormous long-term opportunity that lies ahead of us by building an exceptionally strong balance sheet. We have $1.1 billion in cash, no debt, and $351 million of growing EBITDA to leverage. CoStar Group has acquired dozens of companies and expects to continue acquiring companies that will bring value to our shareholders. CoStar Suite revenue grew 18% in 2018, over 2017. Commercial property and land, which includes the LoopNet.com, as well as our land and business sites, grew 16% year-over-year in the fourth quarter of 2018. For the full year of 2018, multi-family revenue grew 45%, versus 2017, as our multi-family revenue increased to $406 million. CoStar Real Estate Manager grew an astounding 124% year-over-year and is already off to a strong start this year. That's right -- 124%. We now have more than $1 billion of visible, high-margin, reoccurring, or subscription revenue. Companywide net new bookings of $50 million in the fourth quarter of 2018 were the best we've ever achieved. That is an increase of 15% year-over-year, and 26% over the fourth quarter of 2018. Remember that the fourth quarter 2017 was an exceptional quarter for us, as one of our long-term competitors filed bankruptcy. For the full year of 2018, we turned in another top performance with $169 million in net new bookings. In a sense, even that number is understated, because it does not include all the work our sales team did in finding tens of millions of dollars of ForRent revenue into Apartments.com contracts. In the fourth quarter 2018, we signed two large brokerage firms to new, multi-year contracts. The contract we signed with CBRE was our first global contract. CBRE has been a great, longtime customer of CoStar, and their users are spending more time on our products than ever before. 2018 CBRE users doubled their time spent working in CoStar over 2016; this is a testament to the growing utility of our products to top industry players. Marcus & Millichap also signed a multi-year contract renewal with us, and they pointed directly to improvements made in research, particularly our tenant data, as a reason for going forward with us, and expanding the volume of services they buy from us. They're also renewing and growing Canadian contracts with us. In 2018, our CoStar field sales force began focusing on selling LoopNet, in addition to CoStar. We did this because it makes good sense, and we feel that our customers prefer one point of contact. As a result, net new year-over-year bookings for LoopNet.com increased by 74%. With two products to sell, the sales force is selling a bit less CoStar, but it's selling much more of the combined services; clearly, this is a good trade-off. Our Apartments.com sales force is doing a great job; the fourth quarter of 2018 was our best sales quarter ever for Apartments.com. Our sales force has essentially completed converting ForRent customers to Apartments.com customers, so they now have more time available to focus on signing new business. Hitting a record Apartments.com sales quarter in the fourth quarter is a remarkable achievement, given the fact that -- historically -- apartment Internet listing services suffered from sharp seasonality, and historically would contract in the fourth quarter -- so setting records in the fourth quarter is great. Our Apartments.com sales force knows the power of client service, and how it leads to more sales; 2018 they conducted 309,000 client meetings, and most of our reps average nearly seven meetings per day. Some are averaging almost ten client meetings a day. An independent group within CoStar follows up many of these meetings by calling and asking the client, on a scale of one to ten, how likely they are to recommend Apartments.com to a friend. On average, our clients give us a 9.64. One of our best reps, Nicole Gagliardi, across 1,000 meetings, scored an outstanding 9.94 -- an A++. I believe this sales team is the best in the industry, and I'm looking forward to another excellent year with them. In 2018, according to ComScore, the Apartments.com network had half-a-billion visits for the full year -- up 33% over 2017. In one month, according to Google Analytics, we saw 57 million visits over the Apartments.com network. We average 17 million unique visitors per month over the course of the year, according to ComScore, which is an increase of 35% compared to 2017. This is by far the most in the industry, as we continue to pull away from RentPath, which only had 208 million visits in 2018, and averaged less than 8.8 million unique visitors per month. Even more impressly, for the full year of 2018, Apartments.com leads were up 43%. With almost 300 million more visits than RentPath and great lead flow, we believe the obvious choice for an advertiser has to be Apartments.com. In 2018, 4,600 properties advertising with RentPath started advertising with Apartments.com. We estimate that there are only 6,000-8,000 that still advertise on RentPath, and do not yet advertise on Apartments.com, and we are focused on capturing that business. In 2018, RentPath got a competitive rest, or a little competitive holiday, while we focused on the ForRent conversion, but in 2019, we'll dramatically increase the competitive intensity. We believe that RentPath may have a ticking time bomb of a pricing problem. We believe that similar apartment properties in the same city are paying wildly different prices for essentially the same advertising levels; this may have happened because they used to have much better share of traffic, and RentPath may be relying on long-term clients to keep paying yesterday's higher prices that might have been justified years ago, when their traffic was good, but now these prices may not make any sense. How will long-term clients react if they find that new clients are paying a fraction of the price for the same product? It used to make sense to pay $3.00 a minute to use a 10-pound mobile bag phone, and you were cool. Today, a cellular provider would not be able to sustain that $3.00 a minute pricing for long in a highly competitive market. We now have over 50,000 properties advertised on our network -- up from 18,000 when we purchased Apartments.com in 2014. In just ten months, we have successfully integrated ForRent, the largest acquisition we've ever made. We are increasing our 2019 apartments marketing budget by 11% year-over-year in an effort to gain more share. We expect to launch our new, bigger 2019 marketing campaign shortly. The campaign will once again feature Jeff Goldblum as Brad Bellflower. The 2019 campaign is called \""Enter the Apartmenternet.\"" There will be a lot of futuristic technology and special effects that will make the ads fun, and memorable. We hired director Taika Waititi, famous for directing the recent blockbuster smash hit, Thor: Ragnarok to direct our spots, so that the production value and quality will be truly first-class. We just wrapped up filming these neat TV spots. In the series, we emphasize the vast array of alternative futures the renter can potentially have by choosing various apartment alternatives. The aggressive plan calls for over 8,000 television ads, 6 billion digital impressions, 300 million streaming impressions to reach 95% of renters. We expect that the net impact of this investment will be well over 600 million renter visits in 2019 to the Apartments.com network. According to company estimates, there are 14 million apartment units in larger apartment buildings with 100 units or more -- that represents only 31% of the 45 million rental units in the United States. Despite the fact that it represents only 31% of the market, the overwhelming majority of Apartments.com's revenues comes from this upper 31% of the market. 84% of the 540,000 apartment buildings in the US are smaller, and have four units to 100 units. In addition, there are 17 million other units altogether -- that are in condos, townhouses, or properties with less than four units. These smaller properties are owned by what we call Independent Owners, or the IO market. The IO market does not have the scale, and resources of larger players like Greystar, Avalon Bay, Pinnacle, and other large property managers. We believe that without the benefits of scale, independent owners spend more time and money leasing each unit; we further believe that there is far more absolute revenue potential in the independent owner and small apartment building market than there is in the upper end or institutional market. We believe we've done a better job than any other online company at monetizing the upper end of the market. Now, in 2019, monetizing the other 69% of the United States' rental housing market will become our top priority. We have been, and expect to continue to invest very aggressively in building out the software platforms, and products that we believe will enable us to provide compelling online rental solutions that appeal to both renters and independent owners. We want to take many of the traditional off-line, or disparate functions required to lease an apartment, and move them into one, seamless online, easy-to-use solution. It's an exciting project to work on, and we're motivated by the potential to have a very positive impact on tens of millions of renters, and independent owners. Part of that effort includes our November purchase of Cozy Services. They're a leader in the online rental property market, and have nearly 60,000 landlords using their services. There are approximately 150,000 renters making lease payments through Cozy, totaling $1.7 billion in 2018. We believe that Cozy provides a best-in-class solution for one of the key components of the rental process, so we're integrating Cozy into the Apartments.com full rental cycle. We will control the costs associated with selling solutions to a much larger audience at lower price points by relying on e-commerce sales to monetize the higher volume independent owner market, rather than using our field sales force. It's our goal that this new solution will form the foundation of our 2020 marketing campaign. We plan to share more details about our new products, as we get closer to launching them. 2019 will be the first full year that LoopNet's position as a pure online marketplace, like Apartments.com, rather than a hybrid information solution and marketing platform. LoopNet has become a vital utility for tens of thousands of commercial real estate professionals seeking to market their properties to the millions of tenants and investors looking for commercial real estate online. LoopNet is the most heavily trafficked commercial real estate marketplace, with approximately 5 million unique visitors in a month. LoopNet generates $127 million of annual revenue on a very high margin. While we've more than tripled LoopNet's marketing revenues since CoStar acquired the company in 2012, we believe that we can further enervate and evolve the LoopNet solution -- and more than triple the revenue again -- with a focused effort, and site relaunch. Early in LoopNet's evolution, it was best suited to marketing smaller properties, often for-sale properties in suburban areas, or tertiary cities. The economics on these smaller properties are a fraction of the economics involved in large office property leasing, or industrial. While CoStar Group has years of experience marketing tens of thousands of major office properties for lease, LoopNet was not originally optimized for marketing and leasing prestigious, brand-conscious office buildings. In 2019, we are investing aggressively to redevelop and relaunch the next generation of LoopNet, so that it better meets the needs of a much broader cross-section of the commercial real estate industry. This effort is very similar to the effort we successfully made to relaunch and reposition the Apartments.com site after we acquired it from Classified Ventures in 2014. This is a comprehensive project, engaging much more than just our software development teams. Similar to the Apartments.com launch, we expect this will engage more than half our company. We're very excited about the opportunity to exploit the potential of a next-generation online marketing platform for commercial real estate. 2018 ended with commercial vacancies near all-time lows; prices and rents at all-time highs, and leasing and transaction volume setting new records for the year. The ongoing health of commercial real estate is the result of solid economic growth in 2018, which -- although slowing in the fourth quarter -- accelerated for the year as fiscal stimulus kicked in. Almost 2.7 million jobs were created last year, and the unemployment rate is hovering at, or below 4%. All of that is great for commercial real estate. The industrial market continues to lead all property types, in terms of rent growth, price appreciation, take-up, and new supply. The industrial sector's outperformance results from the ongoing shift to online buying, which has produced strong demand for in-fill and regional bulk distribution centers across all markets. E-commerce has also affected the traditional retail sector; retail rents have trailed the other property types, and developers have delivered little new space; however, well-located retail assets continue to show strong performance, and demand for quality space matched with very little new construction has kept overall retail vacancies at historic lows. In the office sector, vacancies fell into the single digits last year for the first time since the early 2000s, the result of healthy absorption and limited new supply. Rent growth at the national level stayed within a narrow band of around 2% over the last eight quarters, but has weakened in some coastal markets, which are facing higher levels of supply. Many secondary markets, on the other hand, have enjoyed stronger rent growth, as new construction still remains low. For the multi-family sector, absorption reached a cyclical high, as a strong labor market and rising mortgage rates resulted in high demand for rental units. Apartment rent growth accelerated, exceeding 3% for the first time since 2015, and transaction volume and pricing continue to set new records. In summary, 2018 was another remarkable year in the unprecedented streak for commercial real estate. We see no reason that the slow and steady status quo that has defined this cycle won't continue for the foreseeable future; that said, the prospect of rising interest rates, and narrowing spreads appear to have brought an end to nearly a decade of cap rate compression, but cap rates remain very low. Still, construction remains limited, leasing remains healthy across all property types, and rising mortgage rates could safeguard apartment demand. We're proud to have delivered on the financial goals we set for CoStar back in 2014. We are now coming off our best year ever, and we're moving into 2019 in a strong commercial real estate market with great products, great clients, great people, great research, and a phenomenal sales team. We believe that 2019 will be another great year for CoStar Group, and our clients. We told you that upon completing our last five-year financial goal we would set a new goal for 2023. That goal will be to exit 2023 at a $3 billion revenue run rate, with an adjusted EBITDA margin of 40% or more for the full year. While we anticipate acquisitions will contribute, we believe that most of our growth will be organic. At this point, I'm gonna turn the call over to the accomplished mountaineer, and our CFO, Scott Wheeler. Scott Wheeler -- Chief Financial Officer Thank you, Andy. That's a great introduction. I'm feeling very accomplished today. Andrew C. Florance -- President, Chief Executive Officer Soaring to new heights. Scott Wheeler -- Chief Financial Officer Here, let me raise my chair a little. There -- I feel better up here. Great -- yeah, 2018 -- what a great year we had for CoStar: very strong growth, we acquired three businesses; we invested for our future, and we expanded our margin over 600 basis points. On top of that, I -- for one -- am happy we can put these old, tired long-term goals behind us, and move on to multi-billion land next. All right, let me start with some insights on our revenue results, which in the full year of 2018 increased 23% over 2017, while our growth rate in the fourth quarter of 2018 was 24%, versus the prior year. Looking at our revenue performance by services, CoStar Suite revenue growth was 18% for the full year 2018, as expected, and 16% in the fourth quarter 2018, coming in slightly above our 15% guidance range. CoStar Suite sales are very good in the fourth quarter, as we continued strong conversion of our LoopNet users to CoStar, and we completed the long-term contract renewals with both CBRE and Marcus & Millichap that Andrew mentioned. As we headed into 2019, we expect the CoStar Suite growth rates to moderate sequentially, as they did in the fourth quarter of 2018, and settle in in the range of 11-13% for the year. There are a couple factors converging here to note: first, we fully lapped the very high revenue growth quarters that followed the LoopNet integration, and the Xceligent bankruptcy. Second, we have a sales substitution effect here, as our CoStar sales force is focused on selling more LoopNet to accelerate the growth of that marketplace. In total, the team is delivering more combined sales -- in fact, 20% more in 2018 than in 2017 -- so we like this increased productivity. We will see some shifting effect from CoStar to LoopNet. Revenue growth in information services was 11% in the fourth quarter of 2018. It's our first quarter of positive growth in two years, when we stopped actively selling the LoopNet information products. Back then, LoopNet information was over 50% of the revenue in information services. All that revenue is effectively gone, and CoStar Real Estate Manager and CoStar Risk Analytics have made up the gap. CoStar Real Estate Manager revenue continued its outstanding growth, increasing 165% in the fourth quarter of 2018 versus the fourth quarter of 2017. We expect total revenue from information services to increase at a rate of 11-13% on a year-over-year basis throughout 2019. It's great to finally put behind us that negative growth rate. We had a very strong quarter in the fourth quarter in multi-family, as revenue increased 45% year-over-year, including the impact for the ForRent acquisition. For the full year 2018, the average number of properties that advertised on our network increased approximately 25%, while the average revenue per property improved 20%. Looking forward, we expect multi-family revenue growth of approximately 20% for the full year of 2019. We expect growth of approximately 30% in the first quarter of 2019, compared to the first quarter of 2018, as we lap the late-February acquisition date of ForRent. Growth rates in the second and third quarter should be in the mid-teens, due to the negative effect of certain duplicative and discontinued revenues from ForRent that was in our 2018 results, that won't be in our 2019 results. The growth rate exiting 2019 is expected to be in line with the 20% full-year outlook for multi-family. Finally, in commercial property and land, revenue grew 17% year-over-year in the fourth quarter of 2018. This strong growth reflects the increased sales of LoopNet marketing products by our national CoStar field sales force. Our LoopNet tiered advertising products performed exceptionally well, growing approximately 50% for the year. For 2019, we expect revenue growth in commercial property and land in the 18-020% range. Our gross margin was 77% for the full year 2018, and it came in at 78% in the fourth quarter of 2018, up 200 basis points from the third quarter of 2018, and 130 basis points from the fourth quarter of 2017. We are certainly realizing the benefits of strong operating leverage in our research operations, which we expect to continue as our listing manager tools achieve greater adoption throughout 2019. We expect overall gross margins of 78% for 2019, with margins improving throughout the year, to between 79-80% by the end of 2019. Fourth quarter adjusted EBITDA of $139 million was approximately $12 million above the midpoint of our guidance range, due to revenue outperformance of approximately $6 million, and lower expenses -- primarily personnel-related. I know we've said it already, but it really never gets old; our adjusted EBITDA margin for the fourth quarter came in at 44%, above our 41% margin guidance, and that long-term goal of 40%. Net income for the full year of 2018 was $238 million, 94% ahead of the prior year, reflecting tremendous operating profit growth, as well as the R&D tax credits we achieved in the second quarter of 2018. Net income was $9 million ahead of the net income expected in our guidance forecast for the fourth quarter. Now, our GAAP net income for the full year of 2018 was $302 million, and includes adjustments for stock base compensation, and acquisition-related expenses. This represents growth of 96%, compared to 2017. Now, let's take a look at some performance metrics for the quarter: at the end of the year, our sales force totaled 741 people, a slight increase from the 733 salespeople we reported at the end of the third quarter of 2018. We anticipate a modest increase in the size of our sales force in 2019, primarily focused on CoStar and LoopNet. The renewal rate on annual contracts for the fourth quarter was broadly in line with the rate achieved in the third quarter of 2018, at 90%, which was down slightly from the 91% we achieved in fourth quarter of 2017. The renewal rate for customers who've been subscribers for five years or longer was 96%, consistent with the third quarter of 2018, and down slightly from the 97% in the fourth quarter of 2017. Subscription revenue on annual contracts accounts for 80.9% of our revenue in the quarter, up from 79.7% this time last year. We're now one full year past the date we acquired ForRent, and we completed the integration. When we announced the deal, we expected to add revenue of approximately $75-85 million, with adjusted EBITDA margins expected to be in the range of 45-55%. I'm happy to say we achieved our financial objectives after only ten months. These results are highly accretive, as you can tell by our profit results, and indicate a post-synergy acquisition price of less than nine times EBITDA, certainly not a bad day's work. So now, we'll discuss our outlook for the full year, and the first quarter of 2019. We expect revenue in the range of $1.37 billion to $1.38 billion for the full year of 2019; this implies an annual growth rate of 15-16% over 2018. We expect revenue for the first quarter of 2019 in the range of $325-329 million; this represents approximately 19-20% growth, compared to the first quarter of last year. As I noted earlier, we booked approximately one month of ForRent revenue in the first quarter of 2018, which is why our consolidated growth for the first quarter of 2019 is stepping down from 24% growth rate in the fourth quarter of 2018. As we pass the anniversary of the ForRent acquisition, we expect revenue growth in the range of 14-15% for the remaining quarters of 2019. We'll focus on a number of important growth investments in 2019, while at the same time growing our profit margins. Our top investments for 2019 include the independent owner software platform, and products that Andy talked about, along with the development and launch of the next-generation of LoopNet. In addition, we're developing product capabilities within CoStar that we believe will take advantage of significant growth opportunities with both owners of commercial properties, and lenders. We'll also continue to build our network of marketplace businesses, including our international operations in Europe and Canada. As a result, we expect total operating costs to increase between 9% and 11% against revenue growth of 14-15% in 2019. As in prior years, our advertising spend is expected to be more heavily weighted in the first half of the year, with the second quarter expected to be our largest marketing quarter. As a result, we expect the second quarter to be the low point for adjusted EBITDA margins for the year, as was the case in 2017 and 2018. We expect adjusted EBITDA in a range of $495 million to $505 million -- that's half a billion dollars -- for the full year of 2019, which represents 20% growth at the midpoint compared to 2018. We expect adjusted EBITDA margins for the year of approximately 36% at the midpoint of our guidance range. For the first quarter, we expect adjusted EBITDA in a range of $120-124 million, up 45% compared to the first quarter of 2018. We expect 2019 non-GAAP net income for diluted share in a range of $9.80-10.00, based on 36.6 million shares. For the first quarter, we expect non-GAAP net income per diluted share in a range of $2.38-2.47, based on 36.5 million shares. These ranges include a revised non-GAAP tax rate of 25%. Overall, I believe we're well positioned in 2019 to deliver strong growth, and margin expansion, while at the same time making significant investments for the future. I'm excited about our long-term goals of $3 billion in run-rate revenue, and 40%-plus of adjusted EBITDA margins in five years. Now, with regards to our margin improvements, keep in mind we have a tendency to avoid doing things in a straight line -- accordingly, our margin trajectory may vary considerably from year to year. I sound like Rich giving a disclaimer on this. It's important that, when we have attractive investment opportunities, we allow the flexibility in our expectations to pursue those opportunities vigorously. All right, that's enough of me talking; let's open up the call for questions. Questions and Answers: Operator And ladies and gentlemen, if you would like to ask a question, please press *, then 1 on your touch-tone phone. You'll hear a tone indicating you've been placed in the queue, and you can remove yourself from the queue at any time by pressing the # key. If you are using a speakerphone, please pick up the handset before pressing the numbers. Once again, for questions, press *, then 1 at this time; also, it has been requested if you can limit yourself to one question. Our first question from the line of Peter Christiansen with Citi -- please go ahead. Peter Christiansen -- Citi -- Analyst Good afternoon; thanks for the question. Andy, there's been some deal activity in Europe recently, and I don't wanna point to one deal specifically, but -- and there's also some start-up activity in Asia -- similar models as CoStar, which I think is a testament to your financial model, but do things like this -- and I'm not pointing to one deal specifically -- change the calculus, in terms of when and how CoStar is thinking about making international more of an investment priority? Andrew C. Florance -- President, Chief Executive Officer Well, thank you, Peter. We are putting a significant amount of effort into our international operations. You'll see that -- when you look at our outlook -- we have significant capital going into our European and Canadian operations. We think that some of the deals I believe you're referencing are interesting, but they're not direct parallels to what we're doing, so they don't really shift the competitive picture in any which way. We're watching that, and if something came up that was really interesting, we would participate in that, but we're gonna continue to be aggressive, but measured in our international operations. But to wit, I'll be over there next week, so we're watching it, and continuing to build the operations there. We are -- and I think at this point, we have eight of the top ten firms in Canada as clients, now -- and I think we are nine or ten of the top ten in the United Kingdom, so we're doing well, and Germany's continuing to do well; France and Spain continue to build there, so we're watching it, but not dramatically shifting. Operator Thank you, and we have a question from Andrew Jeffrey with SunTrust. Please go ahead. Oscar Turner -- SunTrust Robinson Humphrey -- Analyst Hey, guys, this is Oscar Turner on for Andrew. Andrew C. Florance -- President, Chief Executive Officer Hello, Oscar. Scott Wheeler -- Chief Financial Officer Hi, Oscar. Oscar Turner -- SunTrust Robinson Humphrey -- Analyst Hey, guys. My question is on the incremental investments. I was wondering if you could quantify the incremental investment toward a couple of the top initiatives you talked about, and then -- how should we think about the incremental revenue growth that those investments can drive, and the timing of the growth acceleration in LoopNet and Apartments? Scott Wheeler -- Chief Financial Officer Yeah, let me cover a bit of the investment side, and then we can talk a little bit on the outlook for them. The bigger ones we're gonna be focused on this year are really the marketplace build outs -- both the LoopNet in the US and then the Marketplace in the UK, which is on the back burner of our Realla business. We think we'll probably have between $20-25 million in our investment that'll go into building those platforms out, which includes marketing, and other capabilities. Then we have the independent owners investment that Andy mentioned, which you already have a decent amount of investment going in currently, and I think we'll ramp that up by another $10 million or so next year. And then the build out of the CoStar platform, with owners, lenders -- promoting some of the listing manager work we're doing in software, along with some more marketing in CoStar, we think there's probably another $10-15 million in costs in investments there. When you look at our cost growth, we figure that a little bit less than half of our cost growth really has to do with investments we made in 2018 that annualize in 2019, or labor increases, inflation -- those types of things. So a little less of the cost growth is for year-over-year, and normal business operations and the rest really isn't going into new investments that'll really benefit future years, and future revenue growth. I don't know, Andy, if you wanna talk about the revenue? Andrew C. Florance -- President, Chief Executive Officer Yeah, I think that the revenue return on LoopNet is a reasonably short cycle. There'll be a pretty aggressive focus on that productary investment on that product over '19 and '20, but we think we'll see results coming from that in the back half of '19, and '20, and then ongoing. And then with the IO market, that's probably -- the more meaningful results there are probably in 2020, and then for the increase in the Apartments.com budget, we think that -- while we are taking share, and leading the market -- we wanna keep the pressure up, and accelerate the -- keeping share to widen the moat and increase the lead. So it's a range of different outlooks on these, and we feel pretty solid about all of them. Operator Our next question from the line of George Tong with Goldman Sachs. Please go ahead. George Tong -- Goldman Sachs -- Senior Research Analyst Hi, thanks. Good afternoon. Andrew C. Florance -- President, Chief Executive Officer Hi, George. George Tong -- Goldman Sachs -- Senior Research Analyst You've outlined goals of reaching $3 billion in run-rate revenues by the end of 2023, which implies at least mid-teens annual revenue growth. Can you discuss how much pricing will contribute to these growth rates, given your previously discussed plans to eliminate discounting in CoStar Suite, and potentially increase rate cards in the multi-family segment? Scott Wheeler -- Chief Financial Officer Sure, I don't believe the substantial majority of this will be price increases; we think that across Europe and Canada, and the United States, there are a lot of new revenue opportunities -- new customers, and additional modules to be purchased, increased purchasing -- so we think a lot of this is share gain, and share wallet. The pricing increases, on places like LoopNet, you're shifting your priority from selling a basic ad to a broker for $50.00-60.00 to selling something that looks more like an Apartments.com ad, with really impactful presentations -- sort of the top -- with more features, and you're selling it to an owner with a lot of economics at stake, and often, it's gonna be different properties in that mix, and the new price could go from $60.00 up to $6,000.00 a month. So they're sort of shifting the budget, shifting the priority -- you're shifting the target audience, shifting the priority. We don't anticipate getting to $3 billion in revenue by simply increasing the same customers' price for the same product. Operator And we have a question from David Ridley-Lane, with Bank of America; your line is open. David Ridley-Lane -- Bank of America Merrill Lynch -- Analyst Sure, good afternoon. Can you talk a little bit about the details of the LoopNet site relaunch, and whether or not you considered launching a separate brand to differentiate between the up-market, and the down-market there? Thank you. Scott Wheeler -- Chief Financial Officer That's a good question, and it'll be a little challenging to go into too much detail on it. We have thought about that, but we don't think we need to do that; we actually are going to initially go to market really focusing on the branding of CoStar Marketing Network, because if you own a, say, a speculative new office building in Washington, D.C. We're actually providing our customers with a whole range of marketing solutions. We enable that owner to reach the professional community by carrying these ads into the CoStar network; we're carrying them into CityFeet, and to Showcase, into CoStar. We also power websites through LoopLink; we also have email marketing campaigns through CDX Direct, our direct email marketing product, and then we've got tactical and analytical support, where we can reduce analysis on the amount of demand and supply for the particular kind of product you're producing, and where you may wanna position the product in pricing, or how you may wanna subdivide it, or what terms you may wanna consider. And then we're also uniquely providing the biggest end-user audience through LoopNet, so we can -- and there's two or three other items, but -- as we put all this together, we're gonna simplify it into a network sale, the way we simplify Apartments.com into a network sale, and LoopNet is just one component of this whole range of very valuable marketing solutions for getting a property leased at the best price, in the shortest time frame, on huge economics. And then we think that -- over time -- as we shift the way LoopNet looks and feels, and it becomes much more polished -- has more breadth of data, has a lot of content articles that de-mystify some of the leasing process, and investing process -- as we shift it from industry jargon to more plain English, as we add in a lot more exciting shopping characteristic stuff, like where the best place is to eat lunch at this particular property, what's your commute gonna look like -- all that kinda stuff -- we think the LoopNet brand itself will be a good brand to carry, because it's already super well-known, and what we're doing is just moving it more up-market, and targeting a slightly different audience, while continuing to target the original audience. So we think we're pretty happy with the CoStar Marketing Network at this point. Operator And our next question, from the line of Brett Huff with Stephens -- your line is open. Brett Huff -- Stephens, Inc. -- Managing Director Good afternoon, guys. Andrew C. Florance -- President, Chief Executive Officer Hello, Brett. Scott Wheeler -- Chief Financial Officer Hello, Brett. You're our first net. Andrew C. Florance -- President, Chief Executive Officer Yeah, you win. Brett Huff -- Stephens, Inc. -- Managing Director My question is on the Suite mix in sales. I think one consequence of having Suite salespeople also sell LoopNet was a little bit of extra juice for LoopNet, and a little bit less growth in sales for Suite. We get some questions sometimes about penetration rates of Suite, and, \""Are we getting to a point where those are starting to trickle off?\"" Can you illuminate kinda -- how do we know that the mix of sales is a result of effort levels being different, versus maybe reaching the harder to reach tam areas of that market? Andrew C. Florance -- President, Chief Executive Officer Well, when you ask, \""Has CoStar reached a saturation point?\"" All I can say is, \""Ha!\"" So, yeah -- absolutely not. There are so many different ways that the CoStar product is growing, and adding more value. Like, in preparing for this earnings call last night, I was just curious about some of those apartment stats, and what the mix of units are in different and I was like, \""Well, go into CoStar, and pull some of this data, according to company estimates,\"" and man, what a phenomenal product. The ability to actually get good data on the mix of apartment units in different size communities -- it didn't exist in the product a couple years ago; it's invaluable. I can't imagine someone investing in the apartment sector without that information. I've been at this -- as we've mentioned, I guess this went public -- we're approximately 25% compound annual growth rate. At the point where we went public, there was a lot of discussion about the fact that CoStar was saturated, and five years before that, there was discussion around, \""CoStar was saturated,\"" I spent my entire career hearing about CoStar's saturated, pretty much from the first or second year we launched CoStar. In my view, not a chance -- not even a chance. Unfortunately, if I work another 20 years like my dad, I will not outlive the potential to saturate the CoStar market, but -- it's just one man's wishy-washy opinion, but -- solidly, no. Operator Our next question from the line of Mayank Tandon, with Needham & Company, please go ahead. Mayank Tandon -- Needham & Co. -- Senior Analyst Thank you. Andy or Scott, I just wanted to dig in a little bit on the EBITDA trajectory for 2023. Scott, you said it won't be linear, which is obviously to be expected, but if you could just talk about the various levers that get you to that 40% target, and maybe you could talk about it by segment, in terms of where you think the profitability will come from, across the three different business lines? Scott Wheeler -- Chief Financial Officer Yeah, so the margin accretion -- clearly, you can throttle it pretty rapidly, as we just showed this last year. We added 600 basis points, and then the year -- for example, in 2017, when we did the research investments, yeah, we slowed it back down, and we had modest margin growth. It's not inconceivable to see 100-200 basis points margin growth a year, pretty simply, and still have room like we have in this plan for 2019, to make significant investments for future growth. So that's all pretty stable, from an organic perspective, and I can see us getting -- if nothing else changes, and you keep driving this organic growth -- you can certainly get over that 40% margin, and the business can capably do that in the five years. The real wild card in some of this is the amount of acquisition we're gonna be doing, the margin profiles of acquisitions that we buy, and how that dilutes over time, and so you heard us be a little bit cautious in saying, \""Okay, it's 40%-plus, and that really depends on what happens with the acquisition path,\"" what those look like, and the timing of them, and then how long it takes to move the margins of the businesses we acquire up to our natural margins. When we look at the margins of the different product sectors that we're in, our marketplaces typically run the very highest margins that are 50%-plus margin profiles in the marketplaces, and then, now with CoStar being in that historically 30-40% range, depending on the investments we make, you're gonna see both sides of the business grow pretty substantially. I think you'll see Apartments will obviously outpace CoStar in a couple years, given our current growth trajectories, and so I think you'll get that information in investment side of things coming in those 30-40% margins, and you'll see the marketplaces as they really continue to scale rapidly, moving up in those 40-50%-plus margins. Furthermore, CoStar is not in any way saturated. Andrew C. Florance -- President, Chief Executive Officer Haven't forgot that question yet, have you? Scott Wheeler -- Chief Financial Officer I'm sorry. Andrew C. Florance -- President, Chief Executive Officer Good answer. Operator Now we'll go to Bill Warmington with Wells Fargo; please go ahead. William A. Warmington, Jr. -- Wells Fargo Securities -- Senior Equity Research Analyst Good afternoon, everyone. Andrew C. Florance -- President, Chief Executive Officer Hello, William. William A. Warmington, Jr. -- Wells Fargo Securities -- Senior Equity Research Analyst So, I'm a history major, so sometimes I need a little help with my math, so I wanted to run some math by you, and you can tell me what I'm doing wrong. If you look at CoStar Suite, and how that was up about 18% last year, and if you look at -- if you kinda back out $15-20 million of revenue from what you did in the fourth quarter, that would seem to -- which I know you don't specifically break out, but if you assume that, and that would seem to imply something in the upper teens as the organic growth for the quarter -- and then if you look at the net bookings coming about $50 million in Q4, versus a tough comp, and you average that out into 2019, that would be about $200 million for the year, which -- versus $169 million -- would be up about 18%. And I guess what I'm getting at is that the leading indicators on the revenue side seem to be pointing to something closer to 18% -- mid-teens going to the upper teens, and I just wanted to run that math by you, and see if that was the same math you guys were getting. Andrew C. Florance -- President, Chief Executive Officer Bill, you know, as I do that math, I start to think that Scott is somewhat conservative! Richard Simonelli -- Vice President, Investor Relations You have a lot of selling to do this year, people, let's ourselves. Andrew C. Florance -- President, Chief Executive Officer Or all the climbing he's been doing has been on a mountain of sand, right? Pick up the pace. Scott Wheeler -- Chief Financial Officer You know, we have the better crystal ball on the quarterly sales numbers, Bill. I mean, you've watched us for so long, you see how they bounce up and down; $5 million swings quarter to quarter isn't unheard of, depending on what we're focused on, what part of the business we're generating, timing of renewals on contracts -- so we always want to make sure we don't get too far ahead of ourselves when we have a lot of plans for the year, and we'll continue to start the year that way, and hopefully, we'll get to the point where you can do our forecasting for us, because your numbers'll be a lot better than mine, I'm sure -- as we keep going. we did have a good quarter in the fourth quarter, but those bounce around between quarters, so we'll give ourselves time to sell out from under those in the first two quarters of this year. Operator And I have a question from Sterling Auty with J.P. Morgan; please go ahead. Sterling Auty -- J.P. Morgan Securities -- Senior Equity Research Analyst Yes, thanks -- hi, guys. I was just wondering if CoStar's opportunity is saturated. Andrew C. Florance -- President, Chief Executive Officer It's a cycle -- would you like to have a different question? Sterling Auty -- J.P. Morgan Securities -- Senior Equity Research Analyst Yeah, actually, I would, I would. I wondered, actually -- I think the comment in the call around the investment in sales headcount increases -- that they'd be modest in 2019, so I'm curious where the focus of those added heads will go, and when you think about -- you talked about some of the other increases in budgets, and investment -- what's gonna be the focus of it? I imagine in multi-family; you talked about the marketing campaign, but just to wrap our heads around the structure of the investments in 2019. Scott Wheeler -- Chief Financial Officer Yeah, they run broadly in line with the numbers I gave a bit earlier I think someone asked one of the other questions on how much we're spending in the different investments, and those are broadly people-driven. The marketing side'll be concentrated fairly more on the Apartments and the LoopNet side; that's where the marketplace is set, but we are adding a decent amount of resourcing into LoopNet, into technology, and then -- when we say \""modest\"" for sales, I consider that's less than 10%, which is still can be 50-75 people, easily, for a sales force of that size. In our big area of research, we're finding that they're getting so much good productivity, that's one area we don't need to add a lot of people, as our listing manager products are freeing up resources that we then deploy onto owner and lender products, and helping to support LoopNet, so it's not gonna be in the research world. It's gonna be mostly in technology, and the resources going in to building those investments in the international marketplaces, and the independent owner space. Andrew C. Florance -- President, Chief Executive Officer I have to say that if I were to look at my wish list from the beginning of 2018 on the structural improvements we would like to complete on our sales force, I feel that we have accomplished a lot of those goals. We have one or two things to do, in terms of go-to-market strategy on major accounts in CoStar, but over the years, I don't feel think I've been in a place where I feel like our sales force is more stable than it is now. We've got a good Apartments.com sales team, led by Paige Forrest, who's a very experienced sales professional. We've got Max Linnington doing a fantastic job. What's happening now is really tweaking a strong group, and we're still probably a year out from anything that would be a major structural change driven by a change in our acquisition, or some other significant change, so we're in a pretty stable place. Operator And we have a question from Stephen Sheldon with William Blair; please go ahead. Stephen Sheldon -- William Blair & Company -- Analyst Hi, good evening. So you talked about building out software platforms to integrate more in the rental leasing process, and moving past leads with Apartments.com, to more of the execution side, which appears to include Cozy. It makes a lot of sense, but I also wanted to ask about how this could impact your ability to extract data from the rental cycle. So beyond just alleviating pain points, is this also about getting, and integrating more, and better data into your core database? Andrew C. Florance -- President, Chief Executive Officer That's one of the nice things that we love about the marketplaces; the fact that you're in the data business helps you to perform much more effectively in the marketplace, and the fact that you then do well in the marketplace feeds your data business with some really exciting and valuable data, and it keeps your costs lower, overall, than if you were in just one or the other of the markets. So we're able to afford to get data, and content that we otherwise probably couldn't afford, and we can provide consumers with information in marketplaces that we normally would never pay for if we didn't have an offsetting revenue stream in information. So, yes, success in the IO market will generate a massive amount of real-time, and accounting-grade data. It also gives you really interesting data, where you can understand pricing in relationship to credit, and risk, and you also will be, it also could have the potential of generating new sorts of credit information, that's very valuable to independent owners, and the independent owner data, the data that you generate from the independent owner side is equally valuable to the institutional players, because the renters move back and forth between the different markets, and so it's all very interesting to both those groups, and certainly a Greystar property, though it offers a lot in a given market, its pricing is driven by what's happening in the IO market all around it in a neighborhood. There is high substitution between those two segments, so yeah, if you're a data nerd, pretty exciting data coming out of the project on success. Operator And we have a question from Scott Buck with B. Riley FBR; please go ahead. Scott Buck -- B. Riley FBR -- Equity Research Analyst Hi, guys. I was curious of the $1 billion-plus you have in cash on the balance sheet, what do you actually need to run the day-to-day operations, and -- to the extent that you're carrying a fair amount above that, would that suggest an appetite for doing a larger transaction within the next couple years? Thanks. Scott Wheeler -- Chief Financial Officer So I'll take that, and flip it around. I'll say that -- highly likely that we would continue to do acquisitions, as we've done successfully for 20 years, and the size of acquisitions we do -- we'd continue to do smaller deals, and mid-size deals, but we keep gradually escalating the scale of some of the deals we do, so we believe it's quite likely that we'll use that buying power to do transactions in a reasonably short time frame. In terms of how much we -- on the cash side, we're gonna get about $400 million of free cash coming out of this next year, so we'll be adding to our cash piles, unless we're doing larger acquisitions. Andrew C. Florance -- President, Chief Executive Officer We need new carpet. Scott Wheeler -- Chief Financial Officer New carpet, OK. Well, $399.5 million we'll generate this year . But, yeah, we had $300 million of free cash flow in 2018; it'll go to $400 million next year, so we definitely don't need all that to run the business. We need to get out there, and keep adding new capabilities, and bigger ones, too. Andrew C. Florance -- President, Chief Executive Officer Well, I think with that, we are done with the Q&A period, and thank you all for joining us, and don't forget: CoStar is not saturated. I am excited about the many tens of thousands, if not hundreds of thousands of additional future clients we have ahead of us. Thank you for joining us. Operator Ladies and gentlemen, this conference call will be made available for replay. That begins at 7:30 p.m. Eastern time today, running for one month, until March 26th at midnight Eastern. You can access the AT&T teleconference replay system by dialing 1-800-475-6701, and entering replay access code 463809. International participants may dial 1-320-365-3844: the replay access code 463809. That will conclude our teleconference; you may disconnect. Duration:63 minutes Call participants: Richard Simonelli -- Vice President, Investor Relations Andrew C. Florance -- President, Chief Executive Officer Scott Wheeler -- Chief Financial Officer Peter Christiansen -- Citi -- Analyst Oscar Turner -- SunTrust Robinson Humphrey -- Analyst George Tong -- Goldman Sachs -- Senior Research Analyst David Ridley-Lane -- Bank of America Merrill Lynch -- Analyst Brett Huff -- Stephens, Inc. -- Managing Director Mayank Tandon -- Needham & Co. -- Senior Analyst William A. Warmington, Jr. -- Wells Fargo Securities -- Senior Equity Research Analyst Sterling Auty -- J.P. Morgan Securities -- Senior Equity Research Analyst Stephen Sheldon -- William Blair & Company -- Analyst Scott Buck -- B. Riley FBR -- Equity Research Analyst More CSGP analysis This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 1, 2019 Motley Fool Transcription has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Why CoStar Group Shares Are Up 12% Today What happened Shares of CoStar Group (NASDAQ: CSGP) are up about 12% as of 12:30 p.m. EST on Wednesday after the company reported its earnings for the fourth quarter after the market closed on Tuesday. The real estate information and analytics company earned $83.5 million in the fourth quarter, an 89% increase over the year-ago period, on a 24% increase in revenue year over year. It also guided for continued double-digit revenue and profit growth over the course of 2019. So what CoStar's business can generally be split into two. Its software business is built around CoStar Suite, a product that is to physical real estate what a Bloomberg Terminal is to stocks. In the fourth quarter, revenue from CoStar Suite increased 16% compared to the prior-year period. It also has a fast-growing advertising-driven business in the form of its ownership of LoopNet, Apartments.com, ForRent.com, and other websites that allow landlords and brokers to list commercial and multifamily properties for sale or rent online. Its online advertising-based businesses are on fire, helped by a boom in multifamily rentals and CoStar's ability to grab a larger share of advertising dollars. On the conference call , management said that it believes the multifamily business will exit 2019 with revenue growth \""in line with the 20% full-year outlook\"" in 2018. Put another way, CoStar sees opportunities for 20% revenue growth in its multifamily business even after the business starts lapping accounting periods in which ForRent.com revenue is included. That acquisition closed in late February 2018. CoStar's commercial marketplaces (LoopNet, primarily) also had an excellent 2018, posting revenue growth of 16% for the full year and 17% in the fourth quarter. On the conference call, Scott Wheeler, CoStar's chief financial officer, said that LoopNet was rolling out more expensive listing options geared toward property owners, not brokers, which will help the business grow as the mix shifts toward costlier options. Now what CoStar's guidance for 2019 is rosy, to say the least. The company expects full-year revenue of $1.37 billion to $1.38 billion, a 15% to 16% improvement over 2018. Meanwhile, it anticipates that total operating expenses will grow at a rate of 9% to 11%, resulting in wider margins as revenue grows at a faster pace than expenses. CoStar doesn't give guidance for GAAP (generally accepted accounting principles) net income, though it does offer guidance on a non-GAAP basis, calling for non-GAAP net income of $9.80 to $10 per share, a roughly 20% increase over 2018 at the midpoint. An impressive end to 2018 and healthy guidance for 2019 is sending shares higher today. Jordan Wathen has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""72 Stocks Moving In Wednesday's Mid-Day Session"", ""10 Biggest Price Target Changes For Wednesday"", ""CoStar Group shares are trading higher after the company reported better than expected Q4 EPS and revenue results. The company also announced strong FY19 guidance."", ""B. Riley FBR Maintains Buy on CoStar Group, Raises Price Target to $512"", ""Wells Fargo Maintains Outperform on CoStar Group, Raises Price Target to $500"", ""Nasdaq Goes Positive As Earnings Fuel Big Gains In Stocks Today"", ""Ocwen Financial leads financial gainers; Loop Industries and Protective Insurance among losers"", ""CoStar Group rallies 11.3% post Q4 results""]"
CSGP,2019-02-28,45.64,46.35,45.614,45.753,"[""Costar Gets IBD Stock Rating Upgrade"", ""Stocks With Rising Relative Price Strength: Costar"", ""84 Biggest Movers From Yesterday"", ""84 Biggest Movers From Yesterday"", ""Costar Gets IBD Stock Rating Upgrade"", ""Stocks With Rising Relative Price Strength: Costar"", ""CoStar Group Reaches Analyst Target Price In recent trading, shares of CoStar Group, Inc. (Symbol: CSGP) have crossed above the average analyst 12-month target price of $442.00, changing hands for $454.33/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher - if things are looking up for the company, perhaps it is time for that target price to be raised. There are 9 different analyst targets contributing to that average for CoStar Group, Inc., but the average is just that - a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $377.00. And then on the other side of the spectrum one analyst has a target as high as $500.00. The standard deviation is $47.307. But the whole reason to look at the average CSGP price target in the first place is to tap into a \""wisdom of crowds\"" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with CSGP crossing above that average target price of $442.00/share, investors in CSGP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $442.00 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover CoStar Group, Inc.: The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com . Get the latest Zacks research report on CSGP - FREE . The Top 25 Broker Analyst Picks of the S&P 500 \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""84 Biggest Movers From Yesterday"", ""Costar Gets IBD Stock Rating Upgrade"", ""Stocks With Rising Relative Price Strength: Costar""]"
CSGP,2019-03-01,45.748,48.142,45.359,47.688,
CSGP,2019-03-04,48.0,48.492,45.623,46.602,"[""Costar Group Inc (CSGP) President and CEO Andrew C Florance Sold $\u20146.\u2014 million of Shares"", ""Costar Group Inc (CSGP) President and CEO Andrew C Florance Sold $\u20146.\u2014 million of Shares"", ""Costar Group Inc (CSGP) President and CEO Andrew C Florance Sold $\u20146.\u2014 million of Shares""]"
CSGP,2019-03-05,46.602,47.117,46.095,46.39,"[""Citi Removes CoStar Group From The US Focus List, Maintains Buy As Firm Recognizes 'the easier gains have been made and expect the stock to be more of a grind-higher story from here'"", ""Citi Removes CoStar Group From The US Focus List, Maintains Buy As Firm Recognizes 'the easier gains have been made and expect the stock to be more of a grind-higher story from here'"", ""Citi Removes CoStar Group From The US Focus List, Maintains Buy As Firm Recognizes 'the easier gains have been made and expect the stock to be more of a grind-higher story from here'""]"
CSGP,2019-03-06,46.248,46.777,45.479,45.86,
CSGP,2019-03-07,45.717,46.028,45.041,45.694,"[""Analysis: Positioning to Benefit within Kimberly-Clark, Hoegh LNG Partners LP, Teck Resources, ..."", ""Analysis: Positioning to Benefit within Kimberly-Clark, Hoegh LNG Partners LP, Teck Resources, ..."", ""Why CoStar Group Stock Popped 17% in February What happened Shares of CoStar Group (NASDAQ: CSGP) climbed 17.1% last month, according to data provided by S&P Global Market Intelligence , after the real estate information provider delivered a strong fourth-quarter report and issued upbeat guidance for the year ahead. So what CoStar Group's fourth-quarter revenue jumped 24% to $316 million. Profit growth was even more impressive: Net income surged 89% to $84 million, while adjusted net income soared 126% to $102 million. CoStar is enjoying solid growth across all of its major business segments. Its CoStar Suite information product saw revenue rise 16% to $142 million. Meanwhile, sales in its multifamily marketplace business leapt 44% to $109 million, driven by the strong growth of Apartments.com. Additionally, CEO Andrew Florance said during a conference call with analysts that the company believes it can more than triple revenue at its LoopNet commercial real estate marketplace in the coming years. Now what CoStar Group expects companywide revenue to rise another 15% to approximately $1.38 billion in 2019. Management is also guiding for adjusted earnings to increase by as much as 21% to $10 per share. Looking even further ahead, Florance said that CoStar Group is targeting a $3 billion revenue run rate by the end of 2023. That would represent a near-tripling of the $1.2 billion in revenue the company generated in 2018. All told, CoStar Group's shares are now up almost 35% so far in 2019, but if Florance and his team can deliver on their aggressive growth targets, more gains could still lie ahead for investors. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 1, 2019 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Analysis: Positioning to Benefit within Kimberly-Clark, Hoegh LNG Partners LP, Teck Resources, ..."", ""15 stocks for investors who want to profit from strong growth in cloud computing These cloud companies are growing sales rapidly while increasing prices These cloud companies are growing sales rapidly while increasing prices.""]"
CSGP,2019-03-08,45.306,46.064,45.13,45.998,
CSGP,2019-03-11,45.955,46.562,45.408,46.548,
CSGP,2019-03-12,46.606,46.788,45.985,46.552,
CSGP,2019-03-13,46.75,47.143,46.405,46.865,
CSGP,2019-03-14,47.034,47.235,46.418,46.567,
CSGP,2019-03-15,46.696,46.955,46.345,46.913,"[""CoStar Stock: Real Estate Data Giant Moves In On Big Profits"", ""CoStar Stock: Real Estate Data Giant Moves In On Big Profits"", ""CoStar Stock: Real Estate Data Giant Moves In On Big Profits""]"
CSGP,2019-03-18,46.927,47.286,46.487,46.813,
CSGP,2019-03-19,47.0,47.0,46.414,46.697,
CSGP,2019-03-20,46.559,46.768,46.05,46.492,
CSGP,2019-03-21,46.361,47.558,46.361,47.369,
CSGP,2019-03-22,47.065,47.31,46.441,46.508,"Nasdaq Talks to Morningstar, Inc. about How to Be an Exemplary Steward of Shareholder Capital The importance of good corporate governance has become elevated in recent decades in the wake of increased regulatory compliance responsibilities following high profile corporate governance disasters; increasing global economic uncertainty; and the complexity of doing business in a rapidly evolving marketplace. Business schools, research and professional business firms, and professional associations alike are writing about—and attempting to quantify—the value and qualities of good governance. One of the world's largest independent investment research firms—Morningstar, Inc. (Nasdaq: MORN)—has taken a novel approach to analyzing the strength of corporate management teams by assessing companies' stewardship of investor capital. Nasdaq recently spoke with Brett Horn of Morningstar's Equity Research team to find out more about the purpose and methodology behind Morningstar's Corporate Stewardship Rating Program and what it takes for a company to achieve ""exemplary"" status. Q: Tell us about Morningstar's corporate Stewardship Rating and why stewardship is an important factor in investment decisions? A: Morningstar's corporate Stewardship Rating assesses management's stewardship of shareholder capital. Essentially what we're trying to answer when we look at stewardship is whether the actions and strategies of corporate management are well suited to drive long-term shareholder value—or not. We have three stewardship ratings: exemplary, standard and poor. The majority of companies included in our stewardship coverage earn a ""standard"" rating. What we are doing with ""exemplary"" and ""poor"" ratings is identifying companies that we think are outliers in terms of the strength or weakness of management. While we believe that stewardship is a material factor that investors should consider, it is just one component of evaluating investment potential. A company with exemplary stewardship could still be a ""poor"" investment even if the evaluation is correct, and vice versa for a company with a poor stewardship rating. Q: What are the characteristics that earn a company an ""exemplary"" Stewardship Rating? A: Capital allocation is the primary factor Morningstar evaluates when rating companies on stewardship. We review management investment strategy and valuation, both external and internal. A company with ""exemplary"" stewardship will be one that has an M&A history of making investments and acquisitions that support its competitive advantages and core business, while divesting underperforming or non-core businesses. We assess whether the company is paying a reasonable price for acquisitions. We determine if management is investing sufficiently to take advantage of all the value creative opportunities that are in front of it. We also evaluate whether management is over-investing and moving into areas where the returns are not going to be sufficient relative to the company's cost of capital. We analyze how companies approach balance sheet structure to determine if they have reached optimal financial leverage—conservative, but not too conservative. We evaluate how they return capital to shareholders. We review accounting practices to determine if a company's accounting methods are aggressive or potentially deceitful, which is obviously going to be a negative. We also look at executive compensation, specifically at the incentives and the targets that management is awarded and whether those are appropriate targets to align management's interest with shareholders in the long-run. Q: There are currently 23 Nasdaq-listed companies with an ""exemplary"" Stewardship Rating. What are some stand-out companies among them that exhibit exemplary stewardship? A: There are a number that come to mind: CoStar Group, Inc. (Nasdaq: CSGP) Founder and CEO Andrew Florence has navigated the company from its start-up days to its IPO in 1998. Since the IPO, the company has gone from $14 million in revenue to an expected $1 billion+ estimated for 2018. While acquisitions have complemented the existing platform recently, organic growth has been the main driver over the past two decades. The proprietary data CoStar has built out puts it light years ahead of its competition, and places a wide moat around the business. Costco Wholesale Corporation (Nasdaq: COST) Costco is a great example of a company that plays the hand that they've been dealt very well. The company has built up a very big footprint but stayed firmly within its circle of competence. Costco has prudently reinvested in the business, while also returning excess cash to shareholders. Management has also developed a winning culture that promotes below-average employee turnover, as the attrition rate is 6% among employees who have been there over a year—as opposed to attrition rates of 50% or greater in the general retail industry. Fiserv, Inc. (Nasdaq: FISV) Fiserv is a bank technology company that was built by numerous acquisitions since their founding which left a very decentralized management system. CEO Jeff Yabucki came in and centralized the company's operations, which led to material cost savings and margin improvement. We're also impressed by its stellar M&A track record. The relatively recent acquisition of Open Solutions greatly improves its real-time processing capabilities, which appears to be the future for bank software providers. In addition, it appears Fiserv got Open Solutions on the cheap since the price mostly consisted of the assumption of debt. O'Reilly Automotive, Inc. (Nasdaq: ORLY) Management has done well to leverage the company's size to capitalize on the firm's ability to provide more consistent and rapid part availability. The benefits of the firm's broad store and distribution network, as well as management's operational prowess, have pushed returns on invested capital higher over the last five years, with returns increasing from 14% in 2011 to 23% in 2016. O'Reilly's leadership has transformed the company from a regional player into a top-four national chain, acting quickly to develop and capitalize on significant long-term brand and cost advantages. Signature Bank (Nasdaq: SBNY) Management's strategy of providing deep levels of relationship-based banking has been unchanged since its founding, and bankers are compensated not only on the amount of assets they bring up, but how much they retain over time. The bank's focus on low costs as well has paid off, as it typically locates offices on the upper levels of buildings versus the more expensive street-level locations. Signature has undoubtedly been one of the most successful banks in the nation over the past 15 years, in large part because of Signature's straightforward business model and the nimbleness of its executives. Steel Dynamics, Inc. (Nasdaq: STLD) To date, Steel Dynamics remains one of the most efficient steelmakers, not just in the U.S., but also on a global basis. Management is quick to attribute its success to its employee compensation strategy which, modeled after Nucor's approach, effectively treats employees as managers by motivating their performance via weekly and monthly production bonuses. Q: It looks like about 5% of companies got a poor rating. What characteristics would result in a poor stewardship rating? A: It's the flip side of everything that would earn a company an exemplary rating. Poor stewardship companies are negatively impacted by short-sighted investment strategies or value-destructive acquisitions. For example, maybe a company has a very attractive core business, but if they make acquisitions that stray from core competencies or don't benefit from similar competitive advantages, their long-term returns are most likely going to be poor. Or a company that makes acquisitions that represent good sense strategically, but pays dramatically too much for them, will similarly dilute long-term returns. Other examples of poor stewardship include aggressively investing internally in projects that are not going to earn necessary returns; too much leverage; over-aggressive accounting; or compensation targets that are tied to a matrix that would not correspond well with long-term value. We also look at the extent to which a company is a good day-to-day operator. A company can't create shareholder value if it has frequent operational and execution missteps like industrial accidents, poor customer service, or product recalls. Q: How does the Morningstar Stewardship Rating compare with the ISS QualityScore? Morningstar's Stewardship Rating differs from ISS QualityScore in a few ways. QualityScore evaluates the extent to which the company's management adheres to standard corporate governance practices. Morningstar's Stewardship Rating is evaluating management's strategy and the likelihood that management's actions will improve or deteriorate long-term returns. QualityScore is a quantitative numerical score that ranks companies, whereas the Stewardship Rating does not explicitly rank order management teams against peers within their industries but against ideal stewardship. We're not trying to figure out if one management team is slightly better than the other; we are focused on identifying particularly strong or particularly weak management teams. Finally, QualityScore is a more objective rating, whereas Morningstar has extensive research data and the capability of delivering a rating that considers management's actions in the context of the company's situation, which is inherently more subjective. Morningstar's equity research focuses on competitive advantages, and our analysts have a very detailed understanding of the companies they follow and the industries those companies operate in. Investors primarily care about long-term returns, and our Stewardship Rating speaks directly to that. Brett Horn is a Senior Equity Analyst with Morningstar who focuses on insurance and credit bureaus. He developed Morningstar's valuation model for insurance companies. Morningstar, Inc. is a leading provider of independent investment research and data insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2019-03-25,46.299,46.87,46.141,46.604,
CSGP,2019-03-26,46.93,47.3,46.113,46.394,
CSGP,2019-03-27,46.317,46.444,45.242,45.97,
CSGP,2019-03-28,46.065,46.452,45.62,46.194,
CSGP,2019-03-29,46.426,46.913,46.248,46.642,
CSGP,2019-04-01,46.983,48.072,46.898,47.948,
CSGP,2019-04-02,47.874,48.361,47.685,47.874,"[""Takeaways From The Citi Global Real Estate Conference"", ""Takeaways From The Citi Global Real Estate Conference"", ""Takeaways From The Citi Global Real Estate Conference""]"
CSGP,2019-04-03,47.896,48.738,47.896,48.378,
CSGP,2019-04-04,48.45,48.681,47.529,47.768,
CSGP,2019-04-05,48.002,48.583,48.002,48.398,
CSGP,2019-04-08,48.348,48.348,47.682,48.0,
CSGP,2019-04-09,47.9,48.194,47.483,47.536,
CSGP,2019-04-10,47.648,48.0,47.527,47.867,
CSGP,2019-04-11,48.04,48.476,47.972,48.158,
CSGP,2019-04-12,48.277,49.034,47.997,48.738,"[""Dow Jones Leads Advance As Stock Market Shows This New Bullish Twist"", ""Dow Jones Leads Advance As Stock Market Shows This New Bullish Twist"", ""Dow Jones Leads Advance As Stock Market Shows This New Bullish Twist""]"
CSGP,2019-04-15,48.757,49.126,48.534,48.899,Want an insider’s way to play IPOs? This fund has had outsize success with its strategy Half of the positions held by the Federated Kaufmann Small Cap Fund were started when the companies went public Half of the positions held by the Federated Kaufmann Small Cap Fund were started when the companies went public.
CSGP,2019-04-16,49.136,49.197,48.358,48.402,"[""CoStar Group (CSGP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release"", ""CoStar Group (CSGP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release"", ""CoStar Group (CSGP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release""]"
CSGP,2019-04-17,48.553,48.81,47.856,48.06,
CSGP,2019-04-18,48.095,48.211,47.414,48.172,
CSGP,2019-04-22,47.972,48.798,47.882,48.71,"[""Notable earnings after Tuesday's close"", ""CoStar Group Q1 2019 Earnings Preview"", ""Notable earnings after Tuesday's close"", ""CoStar Group Q1 2019 Earnings Preview"", ""Notable earnings after Tuesday's close"", ""CoStar Group Q1 2019 Earnings Preview""]"
CSGP,2019-04-23,48.853,49.539,48.714,49.508,"[""CoStar Group, Inc. (CSGP) CEO Andy Florance on Q1 2019 Results - Earnings Call Transcript"", ""CoStar Group beats by $0.09, beats on revenue"", ""Earnings Scheduled For April 23, 2019"", ""CoStar Group Reports Renewal Of 5-Year Deal With JLL For Co.'s Commercial Real Estate Data Services In Canada"", ""CoStar Group Q1 EPS $2.53 Beats $2.44 Estimate, Sales $328.425M Beat $327.53M Estimate"", ""CoStar Group Sees Q2 Adj. EPS $1.94-$2.02 vs $1.88 Est, Sales $333M-$337M vs $339.98M Est.; Sees FY19 Adj. EPS $9.90-$10.10 vs $9.97 Est., Sales $1.37B-$1.38B vs $1.38B Est."", ""CoStar Group Sees Q2 Adj. EPS $1.94-$2.02 vs $1.88 Est, Sales $333M-$337M vs $339.98M Est.; Sees FY19 Adj. EPS $9.90-$10.10 vs $9.97 Est., Sales $1.37B-$1.38B vs $1.38B Est."", ""CoStar Group Q1 EPS $2.53 Beats $2.44 Estimate, Sales $328.425M Beat $327.53M Estimate"", ""CoStar Group Reports Renewal Of 5-Year Deal With JLL For Co.'s Commercial Real Estate Data Services In Canada"", ""Earnings Scheduled For April 23, 2019"", ""CoStar Group, Inc. (CSGP) CEO Andy Florance on Q1 2019 Results - Earnings Call Transcript"", ""CoStar Group beats by $0.09, beats on revenue"", ""CoStar Group, Inc. (CSGP) Q1 2019 Earnings Call Transcript Image source: The Motley Fool. CoStar Group, Inc. (NASDAQ: CSGP) Q1 2019 Earnings Call April 23, 2019, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by, and welcome to the CoStar First Quarter Financial Results Call. At this time, all lines are in a listen-only mode, and later we will conduct a question-and-answer session with instructions being given at that time. (Operator Instructions) And, as a reminder, today's call is being recorded. I would now like to turn the call over to our host, Rich Simonelli. Please go ahead, sir. Richard Simonelli -- Vice President, Investor Relations Thank you very much, operator, and welcome to CoStar Group's first quarter 2019 conference call. Before I turn the call over to Andy Florance, our CEO and Founder; and Scott Wheeler, our CFO, I'd like to share some very interesting and important items that could actually make your day. Certain portions of our discussion today may contain forward-looking statements, which involve many risks and uncertainties that could cause actual results to differ materially from such statements. Important factors that can cause actual results to differ include, but are not limited to, those stated in CoStar Group's April 23, 2019, press release on our first quarter earnings and our company outlook and in our CoStar filings with the SEC, including our most recent annual report on Form 10-K and our subsequent Q reports on Form 10-Q is under the heading Risk Factors. All forward-looking statements are based on information available to CoStar on the date of this call, and CoStar assumes no obligation to update these statements whether as a result of new information, future events or otherwise. Reconciliation to the most directly comparable GAAP measure to the non-GAAP financial measures discussed on this call, including non-GAAP net income, EBITDA, adjusted EBITDA and forward-looking non-GAAP guidance are shown in detail in our press release issued today along with definitions for those terms, long definitions. The press release is available on our website located at costargroup.com. As a reminder, today's conference call is being broadcast live and in color on our new and vastly improved Investor Relations website. Please refer to our press release today to how to access this call going forward. Remember one question, so make it a good one. And I'll now turn the call over to Andy. Andrew Florance -- Founder, President and Chief Executive Officer Thank you, Rich. Well, let's move to this call quickly, so that we can all get to those long definitions of key financial terms in our press release. Thank you for joining us for CoStar Group's first quarter 2019earnings call It was just eight weeks ago that we reported superb year-end results and we are pleased to be back so soon reporting another strong quarter with solid revenue growth and even stronger profitability growth. In the first quarter of 2019, CoStar Group total revenue was $328 million, up 20% year-over-year. We've generated $55 million more revenue in the past quarter than we did in the same quarter one year ago. Apartments.com led the way with 30% year-over-year revenue growth. LoopNet's revenue increased 17% year-over-year. CoStar Suite revenue grew 13%, which was at the upper-end of our guidance. Our rural lands marketplaces grew 21% and our business for sale marketplace revenue grew 12% year-over-year. CoStar Real Estate Manager continues to be a tour de force and major contributor with 95% year-over-year revenue growth. With high incremental margin on each dollar sold, our strong revenue growth continues to translate into even higher earnings growth. In each of the last two quarters, we've generated the highest quarterly net income in our history. Net income increased to $85 million in the first quarter, up 63% from $52 million in the first quarter of 2018. We've generated $113 million of EBITDA and $125 million of adjusted EBITDA in the quarter. When annualized, that's consistent with our expectations of generating $0.5 billion of adjusted EBITDA in 2019. Our $55 million year-over-year increase in revenue in the quarter generate a $43 million year-over-year increase of EBITDA, effectively $0.78 of every incremental dollar sold translate into EBITDA. In the first quarter of 2019, adjusted EBITDA margin was 38%, an increase of 700 basis points compared to the first quarter of 2018. Companywide net new bookings grew 36% year-over-year to $48 million in the first quarter of 2019. For the second consecutive apart quarter, Apartments.com generate our best bookings quarter ever as our sales force continues its strong momentum with a 40% increase in net new bookings year-over-year. Last year, we communicate that our entire Apartments sales force was investing a significant amount of time and effort into the important job of converting the newly acquired ForRent contracts into Apartments network contracts. That investment yielded great results, but also meant that they had less time available to generate net new sales last year. Now that we have completed the ForRent conversion and have more time, you can clearly see that the Apartments sales forces' productivity is surging. These results are more impressive because of the quality of customer service the Apartments sales force is delivering, while also delivering great sales numbers. During the first quarter of 2019, the Apartments.com sales force conducted 80,000 sales meetings and earned an audited Net Promoter recommendation score of 9.8 out of 10. That is clearly outstanding customer satisfaction. LoopNet net bookings were up 27% in the first quarter of 2019 over Q1 of 2018. In the first quarter of 2018, we achieved record CoStar sales results when thousands of stranded Xceligent clients rapidly migrated to CoStar. Not surprisingly, while CoStar sales were strong this quarter they didn't -- the bookings did not rise over the Q1 2018 exceptional high watermark. We have grown the CoStar sales force by 6% from the fourth quarter of 2018 to the first quarter of 2019. We intend to continue to grow the CoStar sales force by approximately 30% overall from Q4 2018 to Q4 2019. We have a robust product pipeline for CoStar, CoStar Analytics and the LoopNet marketplace, so we want to grow our sales force to meet the scale of our future opportunity. As we add salespeople, they typically have material revenue impact about a year after they join us. We attribute a big part of our Apartments.com sales success to the priority we place on customer service. Our CoStar sales commission plans over the past year now reflect these same values. As a result, our salespeople are spending more face-to-face time with our clients and prospects. CoStar sales meetings were up 43% year-over-year from 30,000 in the first quarter of 2018 to 43,000 in the most recent quarter. On a per salesperson basis, meetings were up 33%. Net Promoter recommendation scores for the CoStar sales force have climbed to 9.02 on a 10-point scale. I believe this is a leading indicator of client retention and future sales growth. Apartments.com continues to increase our industry-leading position among Internet listing services by achieving all-time highs in unique visitors and number of visits, as reported by comScore for both the month of March and the first quarter of 2019. In the first quarter of 2019, the Apartments.com network had 162 million visits, up 35% year-over-year and averaged 20 million unique monthly visitors, an increase of 30% year-over-year. According to comScore, the Apartments.com network hit an all-time high of 61 million visits in March. That's an increase of 18 million visits over March of 2018 and is up 40% year-over-year. We have been the number one most visited Apartment network for the past 41 months. Also according to comScore, as a network, we had twice the number of monthly visits and monthly unique visitors that the RentPath network had in the first quarter of 2019. On a site basis, Apartments.com had 4 times the number of monthly visits that Apartment Guide had. Wow! Apartments.com tracks a list of 10,000 apartment keywords that we believe are important for marketing multifamily communities online. As of today, we hold the number one organic position in Google's core results for 93% of those keywords when compared to other listing sites. Our primary competitor, RentPath, only holds 2% of them. We continue to pull further away from the competition and I believe that in 2019 we will see a strengthening continuation of that trend. We launched our 2019 Apartments.com marketing campaign, which focuses on the reality that the apartments you choose will change the future you. We have four new TV spots of the highest production quality on special effects we've ever produced. Of course, they feature Jeff Goldblum as our spokesperson Brad Bellflower. We've already gotten great feedback from our clients, from renters and the media on the campaign and we're excited that the heaviest portion of our media plan kicks in during the second quarter to support peak rental season. We're also excited to announce that tomorrow we plan to launch a completely redesigned ForRent.com website, just in time for peak rental season. The new site has a completely redefined renter search experience. Key features include a beautiful new design, lightning fast performance and optimization to rank in the top of Google searches. It's the first site in our network of 11 sites that offers renters a more of a focus on the independent or smaller properties by returning them mixed into the very top of our search results, it'll give renters the feeling that this is really a condo small home, small independent owner website, as well as having large institutional properties. We plan to support the new site launch with aggressive levels of marketing support, including paid search, display advertising, social media, email marketing and strong push by our direct sales team. We look forward to the new site delivering even more traffic leads and leases to our advertisers. We have identified a need that some advertisers with properties and lease up low occupancy in highly competitive market environments have to drive additional lease of their communities even beyond our existing top level, prior top level Diamond package. In response, we have introduced a newer, higher tiered advertising level called Diamond+ Plus, we're really creative of that name, which guarantees the advertiser placement in the top three search results in a given sub-market. The Diamond+ Plus ads average approximately $4,050 per month or nearly $2,500 more per month than the old basic Diamond ad. We believe Diamond+ Plus ads will continue to positively impact our net new bookings throughout 2019 and beyond. In March, LoopNet visits grew 23% year-over-year and we had nearly 6 million unique monthly visitors coming to the site. We are steadily rolling out a number of enhancements for LoopNet as we continue to focus on improving the user experience. This is similar to the strategy we successfully deployed with Apartments.com marketplace. We continue to show strong success with sales of higher priced power ads to owners on the LoopNet platform and these remain a major part of our growth strategy. We had nearly 3 million in annualized net new sales of power ads in the first quarter and the highest priced Diamond level ad sales showed the strongest growth at 87% compared to the first quarter of last year. In the Premium Lister product, we continue to focus on raising the quality of the listings, eliminating unlimited listing plans, which were steeply discounted, and increasing prices on many of the older underpriced listing plans. Average price per listing for this product was up 49% compared to the same quarter last year. Realla is our United Kingdom emerging version of LoopNet. I'm very excited about the potential of that product and in fact we have seen a 346% year-over-year growth in unique visitors on Realla. Belbex is our version of LoopNet for Spain and its organic unique visitors are up 163% year-over-year. Right now, we're in investing phase on these sites building out the traffic, but we intend to begin monetizing them later next year. We continue to deliver a steady stream of enhancements to the CoStar products. Dozens of these enhancements are new commercial real estate analytic tools. These include tools for accessing the probability of selling and leasing in various timeframes, animate weather map like time-based market translate over digital markets, maps, market overview videos from our team of analysts and economists, daily rental rate detail, new statistical exports, retail property underwriting reports and a much more soon to be followed by even more enhancements. We've recently announced a strategic relationship with Fort Worth based Buxton. Buxton is an industry leader in retail site analytics. They analyze and model a retailer successful stores, competitive threats and store to store cannibalization among other factors and then determine ideal potential new locations that are likely to achieve above average sales. Now, Buxton clients who are also CoStar clients will be able to search CoStar for properties that are within ideal trade zones Buxton has identified. This combines the best ranks of each company to provide greater convenience and value to our mutual customers. Both firms intend to cross-sell to one another's client basis. In the first quarter of 2019, CoStar Real Estate Manager revenue was up 95% year-over-year. It continued its strong performance with an increase of 15% on net new bookings in the first quarter of 2019 compared to the same strong quarter last year. CoStar Real Estate Manager continues to add Fortune 1000 customers such as HP, Archer Daniels, Campbells Soup, AECOM, Aramark, and many others. CoStar Real Estate Manager has staked out a leadership position in the lease accounting software market and Q1 represent the first quarter reporting under the new ASC 842 standard. Continued opportunity exists with later reporting public companies as well as the full slate of large private companies. We expect to continue to leverage this market leadership position throughout the remainder of 2019. As we continue to add more institutional and analytic services to CoStar Suite, we've begun to enhance our research coverage of REITs, CMBS business institutional investors. In the first quarter, we completed audit reconciliation of more than 12,000 REIT-owned properties, which encompassed 1.6 billion square feet. We added nearly 4,000 true owners to current or formerly owned REIT properties. We've reconciled CMBS filings back to 2015 and stayed current on 2019 filings, adding thousands of new lease comps, rental points and new deals. Brokers using Listing Manager continued to be solid contributors to the database. In the US, more than 40% of our listings are added each month by our users and new users are steadily joining the ranks of Listing Manager. We've plan to market Listing Manager to encourage more use of this service. We believe that Listing Manager functioning of CoStar and LoopNet will help us to deliver higher quality data, more effective marketing benefits, greater convenience to our clients, all at a much lower cost than some of our historical data collection methods. Commercial real estate continues to attract unprecedented levels of interest from investors. Total deal volume has set new records in each of the past few years and pricing continues to rise. The high level of interest in commercial real estate is justified by sound fundamentals, characterized by strong leasing, consistent demand, limited supply and the lowest vacancy rates since 2000. The robust health of this sector has benefit the industry at large, including brokers, appraisers, underwriters, owners and lenders. And the multifamily sector high levels of construction have been boosting advertising revenues for platforms like Apartments.com, which is a near necessity for communities in Lisa (ph). Barring any surprises, the US will set a record -- the US economy will set a record in July 2019 for the longest post-war expansion on record with 102 months of consecutive job gains. We see no obvious imbalance threatening this remarkable streak in the commercial real estate markets and consensus forecast and CoStar's house viewers growth continuing into 2020, albeit at a slower pace. International concerns around Brexit and China may dim growth slightly, but may also perpetuate the flood of international capital that's fueled US asset price gains, including in commercial and multifamily real estate. The slow and steady growth over the past few years has produced consistent demand and rent gains across all property types. Apartment rent growth accelerated last year, posting 3% gains for the first time since 2016, despite increasing supply. But a broad search of housing, especially for sale product has produced unprecedented demand for new rental product and transaction volume continues to set new records as investors clearly believe in the multifamily story. The office market features an enviable fundamentals and limited supply, at least outside of major markets, which are undergoing wholesale reinventions like Hudson Yards in New York, The Boston seaport, Amazon's HQ2 in Crystal City, Lake View Union in Seattle and South of Market in San Francisco, but single digit office vacancies have delivered only mediocre rent growth at just 2% over the past year. Perhaps, the most remarkable feature of the office market is the consistency of rent growth. Eight years of slow, steady increases, a welcome departure from the boom bust cycles of 1999 and 2007, of course throw in there 1986 or 1981, I think that is roughly right. The outlook calls for more steady if modest rent gains, thanks to low vacancy levels, even if demand weakens. Demand for industrial properties remain at historically high levels, driven by the growth -- growing trend toward online purchasing and same day delivery. Still, vacancy rates appear to have bottomed out amid record setting deliveries. Persistent rent growth of more than 5% has drawn a record setting sales volume resulting in price appreciation exceeding 10% year-over-year. The growing economy has yet to reverse lackluster dynamics for retail sector though as structural change in the industry when demand for physical space. While, well located properties continue to perform well, historically low vacancy rates are still mainly a result of limited construction and have yet to fuel significant rent gains. We expect the record levels of interest in commercial and multifamily real estate to continue across all property types at an any economic outcome, CoStar Group offers products and services that are essential to owners, lenders, brokers, investors and property managers alike as they participate in commercial real estates' increasingly competitive ultra high stakes marketplace. It's been a great start to a new year for CoStar and I'm extremely excited about the rest of the year and particularly the coming decade, as we continue to execute on our long term vision. At this point, I'm going to liven up the call by turning it over to our CFO, Scott Wheeler. Scott Wheeler -- Chief Financial Officer Thank you, Andy. Very flattering introduction. Here comes the lively portion of the call, I'm going to Call+. All right. Well, we did have a great start to 2019, great sales numbers, produced great revenue growth and these both allow our leverage model to give us increased levels of profitability and strong cash generation. So, as Andy mentioned, revenue in the first quarter of 2019 increased 20% over first quarter of 2018, which was near the high-end of our guidance. Looking at revenue performance by services, CoStar Suite revenue growth was 13% in the first quarter of 2019 versus first quarter of 2018. The growth was primarily driven to both brokers and owners and it's evenly balanced between existing clients and new logos. As previously communicated, the revenue growth rate for CoStar Suite is expected to be in the 11% to 13% range for 2019. Revenue in the Information Services Group grew 25% year-over-year in the first quarter, primarily as a result of CoStar Real Estate Manager's revenue growth of 95%. The adoption of the new lease accounting standards created strong demand for our Real Estate Manager product, which we do expect to continue, although slightly moderated throughout the year as we move past the peak adoption date of the new lease standard. Information Services revenue is expected to grow at a rate of 11% to 13% on a year-over-year basis. Multifamily revenue growth for Q1 remained strong at 30% over the first quarter of 2018, which is in line with our expectations. Going forward, the second and third quarters of 2019 are expected to reflect the lower growth rates than the first quarter of 2019 for two reasons, both related to the ForRent acquisition. First, we've now lapped the anniversary date of the ForRent acquisition. Second, there will be a modest negative effect on the 2019 growth rate, because certain products and duplicative revenues were eliminated since the acquisition, but we're in our 2018 base results. The growth rate in the second quarter for 2019 is expected to be in the low-teens increasing to the high-teens by the third quarter. On a pro forma basis, when you include ForRent for all of 2018 and you exclude the discontinued services, the year-over-year multifamily revenue growth would be approximately 20% in both the second and the third quarters of 2019. Multifamily revenue is expected to exit 2019 in line with the 20% full year outlook for multifamily. Last, but certainly not least, Commercial Property and Land revenue grew 17% year-over-year in the first quarter of 2019. This is due to the continued strong sales of LoopNet marketing products, including our tiered advertising products which grew approximately 37% year-over-year in the first quarter. Our Lands business also contributed to strong growth with 21% year-over-year revenue growth. And we continue expect organic growth in the Commercial Property and Land sector in the 18% to 20% range for 2019. Gross margins came in at 78% in the first quarter of 2019, in line with what we saw in the fourth quarter of 2018 and we expect this level of gross margins to continue around 78% for 2019. Operating expenses of $164 million for the first quarter of 2019 is slightly below our expectations, primarily as a result of modest timing delays in our marketing and some G&A expenses. First quarter adjusted EBITDA of $125 million represents a 49% increase compared to adjusted EBITDA of $84 million in the first quarter of 2018. The adjusted EBITDA was approximately $3 million above the midpoint of our guidance range and about $1 million above the high-end of our guidance range. The resulting adjusted EBITDA margin of 38% is 90 basis points above the midpoint of our guidance and 740 basis points above the 31% margin we achieved in the first quarter of 2018. Net income for the first quarter 2019 of $85 million, increased 63% or $33 million compared to first quarter of 2018. Our effective tax rate in the quarter was 13%, reflecting benefits associated with share-based payment transactions. Non-GAAP net income for the first quarter increased 54% to $92 million or $2.53 per diluted share and includes adjustments for stock-based compensation and acquisition-related expenses. Non-GAAP net income for the first quarter assumes a tax rate of 25%, which does not include discrete items such as the impact of the share-based payment transaction. Cash and investment balances were approximately $1.2 billion as of March 31, 2019, up $132 million since the end of 2018. Now let's look at some of our performance metrics for the quarter. At the end of the first quarter, our sales force totaled approximately 757 people. The renewal rate on annual contracts for the first quarter was in line with the rate achieved in the fourth quarter of 2018 at 90%. The renewal rate for customers who've been subscribers for five years or longer was 96%, in line with the 96% renewal rate in the fourth quarter of 2018. Subscription revenue on annual contracts now accounts for 82% of our revenue in the first quarter, up from 79% this time last year. The improvements are primarily a result of our successful migration of the ForRent customer base for Apartments.com network and to annual contract. I'll now discuss our outlook for the full year and the second quarter of 2019. Based on first quarter revenue and sales results, our full year 2019 revenue range of $1.37 billion to $1.38 billion remains unchanged. We continue to expect revenue growth for the year between 15% and 16%. We expect revenue for the second quarter of 2019 in the range of $333 million to $337 million, representing top line growth of around 13% at the midpoint. The growth rate expected in the second quarter is negatively impacted by the discontinued ForRent revenues mentioned earlier and the lapping of the anniversary of that acquisition. On a pro forma basis, including ForRent for all of 2018 and excluding discontinued services, our revenue growth rate outlook for the second quarter would be approximately 16%. We expect adjusted EBITDA to be in the range of $495 million to $505 million for the full year of 2019 in line with our previous outlook. Year-over-year, we expect adjusted EBITDA growth of 20% with adjusted EBITDA margin for the year of approximately 36% at the midpoint of the guidance range. For the second quarter of 2019, we expect adjusted EBITDA in the range of $98 million to $102 million. As in prior years, we expect the second quarter to be the low point for adjusted EBITDA margins for the year, as we increase our marketing spend for the start of the peak apartment rental season. Margins are expected to increase sequentially in the third and fourth quarters. In terms of earnings, our revised range of $9.90 to $10.10 for full year non-GAAP net income per diluted share is an increase of approximately $0.10 at the midpoint compared to our previous outlook. For the second quarter of 2019, we expect non-GAAP net income per share in a range of $1.94 to $2.02, based on 36.7 million shares. So to wrap things up, a great start to the year and a very strong position financially, and I certainly look forward to updating each and every one of you on our progress as we continue throughout the year. Thank you. Andrew Florance -- Founder, President and Chief Executive Officer That's definitely a Call+. Scott Wheeler -- Chief Financial Officer Thank you. Let's open it up for some questions. Questions and Answers: Operator All right. Thank you. (Operator Instructions) And our first question comes from George Tong of Goldman Sachs. Please go ahead. George Tong -- Goldman Sachs -- Analyst Hi. Thanks. Good afternoon. Your 2Q guidance implies about 120 basis points of year-over-year EBITDA margin expansion at the midpoint, which compares with 740 bps of margin expansion you just delivered and your full year guidance suggestive rate of margin expansion will narrow relative to the first half. Can you discuss the factors that are driving a more conservative back-end margin outlook? Scott Wheeler -- Chief Financial Officer Yeah. I think what we see George is certainly the timing of investment policy and second quarter is primarily driven by all the marketing that we're spending and we expect that to be our strongest quarter, but still up in third and fourth quarter over the prior years. I think you also see a lot of benefit in the first quarter as we passed. We had the ForRent acquisition annualizing and so all those benefits are now into the numbers as we lap the margin improvements we got last year from ForRent. So those are pretty much the biggest factors I would call off. Operator All right. Thank you. And now to the line of Bill Warmington of Wells Fargo. Please go ahead. William Warmington -- Wells Fargo Securities -- Analyst Good afternoon, everyone. Andrew Florance -- Founder, President and Chief Executive Officer Welcome, Bill, we've been waiting for you. William Warmington -- Wells Fargo Securities -- Analyst So, is it true that you're handing out free Tesla's to all the sell-side analysts, is that what I'd heard something about that? Scott Wheeler -- Chief Financial Officer It depends on the nature of the report. William Warmington -- Wells Fargo Securities -- Analyst Okay. Andrew Florance -- Founder, President and Chief Executive Officer Those are good questions, Bill. Thank you. William Warmington -- Wells Fargo Securities -- Analyst All right. Okay. Now the real question. Andrew Florance -- Founder, President and Chief Executive Officer This is for top performers. William Warmington -- Wells Fargo Securities -- Analyst I was hoping for an update on the LoopNet marketplace in two ways, one being the build out of the LoopNet marketplace site and how that's going? And second is, maybe to talk about some changes in the sales force structure moving to a more of a national account coverage model that might help the sale of that product? Andrew Florance -- Founder, President and Chief Executive Officer Sure. So definitely a lot of effort, lot of work going on LoopNet 2.0. And actually it was about there for a week or so -- last year the development -- last week -- two weeks ago, i was with the development team for the week in California going over the product, a very productive meeting, and we hope to make strong releases in the third and fourth quarter around that product area. I picked up a customer service call this morning randomly and the customer was complaining they wanted two major features in LoopNet that we have already put into the new design, so right top of the list. So stronger and easier searching for restaurants and being able to highlight things with broker comments. So feeling good about that where that's going. We're also spent last week with our photography team making sure the right to support the new elements of that product. And you can see that growth began to click up and we remain very excited about it and you also see it beginning -- an effort going on in Spain and in the United Kingdom to match the effort that we're doing here. And so, all in all, it remains on track and we are excited about it. In terms of the major accounts to the national accounts, the sales force, we took the -- we had last year quarters on what the sales force need to sell of LoopNet in order to make the higher commission rates. We've removed that this year, so they could focus on general customer service and set their own allocations and priorities, and the nice thing is the sales results have continue to come in for LoopNet naturally without the commission focuses. So we think that's looking good and we will be structured in the LoopNet major national accounts the same way we structure Apartments.com in the near future. So it's a lot of software work going on and a lot of operating work that needs to be done to position for it, but it's on track and it's a top priority. Operator All right. Thank you. And now to the line of David Ridley-Lane of Bank of America. Please go ahead. David Ridley-Lane -- Bank of America Merrill Lynch -- Analyst Sure. Two questions on the -- of the impact of the ForRent product cancellations. One, do you have some sort of quantification for the impact on net bookings in the first quarter? And, two, did I get my sort of the math right around your guidance for the second quarter, that it's about $3 million of revenue that was -- it was canceled for the second quarter. Is that in the ballpark? Thank you. Scott Wheeler -- Chief Financial Officer No, we don't have a number on the booking side, David. There was -- there's certainly effects running through last year, but we did talk about the -- on the booking side effects. But on the pro forma side, we see the -- I look for the Apartments pro forma for you, I will get it. I know it's here somewhere. So, yeah, we had somewhere between $3 million and $6 million per quarter throughout the year that we're going to -- expect us -- and the biggest effect would have been in the second quarter for 2018. So, hopefully, that will help give you some idea of how big those discontinued revenues are. Operator All right. Thank you. And now to line of Peter Christiansen from Citi. Please go ahead. Peter Christiansen -- Citigroup Inc -- Analyst Good afternoon. Thanks for the question. On the 40% bookings growth in multifamily, do you have any sense of what portion of that is coming from competitive takeaways versus just normal wins, new wins? And then my follow-up is, with $1.2 billion going on $1.3 billion in cash on the balance sheet, what's your sense for deploying that capital as we look forward to the next couple of quarters? Andrew Florance -- Founder, President and Chief Executive Officer Good questions. So in the first one, I was -- I ran into our Head of Apartment Sales last week down in Richmond and she couldn't wait to tell me about some huge competitive wins we just had. I think she was talking about some community with 135 properties moving over or something or some organization with 135 properties moving over. So my sense is, that there is a lot of competitive shifts going on. We are having some success with the Diamond+ Plus ads as well, but a lot of its competitive shift and the numbers are really quite impressive. Like, when I look at the total of counts, I don't -- I won't recall exactly what the number was last time I looked, but they are very impressive, competitive wins and for good reason as the traffic numbers are so compelling, the lead advantages are so compelling on Apartments.com. And the benefit of having invested well over $1 billion in Apartments.com has resulted in a huge competitive distancing going on there. I also got an email today from Apartments' Regional Sales Manager with someone moving a bunch of properties over and they specifically cited the quality of our customer service. They said the fact that we were in their communities every month or every month and a half briefing them on what was happening in their local market and the fact that they had not seen the competitor in four years was a major factor in shifting all their purchasing over to us. So on hard numbers I've seen in the last two months, I would say major competitive shift and anecdotally in the last two weeks, I'd say, continuation and possible acceleration in competitive shift. In terms of our petty cash of $1.2 billion to $1.3 billion, we are -- remained active in looking at a number of potential acquisitions, but we remain selective and we devote a significant amount of effort to that ongoing and those things will happen in time, but our track record over the last 20 years of acquiring 30 plus companies, it's sort of hard to imagine that won't continue. And so that -- we would expect that capital would be put to good use in transformative ways and we look forward to that day. Operator Thank you. And now it's the line of Andrew Jeffrey from SunTrust. Please go ahead. Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst Hi, guys. (multiple speakers) the update today. Andy, what one of the areas that come up over the years is international? And you've kind of mentioned big markets, but maybe not a whole lot of companies with critical mass or maybe different market structures. Sounds like maybe you're getting closer to monetizing that opportunity now. Can you kind of frame that up in what it might mean over the next few years for your growth? Andrew Florance -- Founder, President and Chief Executive Officer Sure. So we're -- I mean you're right. There are some acquisition opportunities over there that are midsized that could be interesting, but that -- really what we're focusing on is just organic growth in those markets. So we have been racheting up our investment in the last 18 months in the United Kingdom, where we're in Germany and Spain. We see some exciting -- some good opportunities in France, availability of lower cost digital data, machine learning to harvest data on the Internet, so we're investing period and we saw -- on a small scale, we saw a huge growth in the first quarter in the United Kingdom in our bookings, but still modest by comparison to the United States and we think that we have every expectation that that growth will pay off in the next couple of years. The nice thing is we're now getting a multi-country footprint and I will be -- I think it'll be transformative when we can put three or four European countries into one consistent platform. So that's one of our big goals in the next three years or so, and I think that will move us up to parallel growth rates for the United States. Operator Thank you. And now it's line of Stephen Sheldon from William Blair. Please go ahead. Stephen Sheldon -- William Blair & Company -- Analyst Hi, guys. Good evening. Andrew Florance -- Founder, President and Chief Executive Officer Good evening, Steve. Stephen Sheldon -- William Blair & Company -- Analyst On bookings, it seems like you're continuing to see broad based momentum, but I wanted to ask how bookings activity in the first quarter kind of compare to your expectations, so just excluding the LoopNet run off in the year ago period, $48 million this quarter was down, some relative to the $54 million in the year ago period and $50 million in the fourth quarter. I know there were some seasonality relative to the fourth quarter, but anything else that we should consider when making the sequential and the year-over-year bookings comparisons? Scott Wheeler -- Chief Financial Officer Not really. I think we were very happy with the bookings, I was upwardly surprised as the Apartments.com bookings were extremely strong and continue to be extremely strong. We're running the business looking nine months, a year or so out, so we're working a lot of things that are not month to month and there is always volatility as you look at the numbers like what land might be doing one quarter, what farms might be doing one quarter. Things shift around, they're all generally really strong, but there is -- since they're real returns and real sales results, there's volatility to them. If they are ever perfectly linear, that'd be a made-off situation, that's not happening. And so they move around, but they're strong. I think we got the pay off from last year's customer service and conversion efforts for the ForRent when you see the surging productivity there, the investment in additional face time with customers, with CoStar will probably pay off in the next two quarters. So, all in all, great quarter, very happy of the results and phenomenal results. Operator Thank you. And now to line of Mayank Tandon from Needham. Please go ahead. Mayank Tandon -- Needham & Co. -- Analyst Thank you. Andy or Scott, Is there a way to think about revenue growth in terms of the pricing uplift you expect this year and over time and the contribution from new clients plus increased penetration from current clients? How should we think about the growth profile if you break it down that way? I do realize it's going to be difficult across different segments, which is maybe for the company overall. Andrew Florance -- Founder, President and Chief Executive Officer I'll throw some remarks and then you can deal as well. So lot of the pricing lift we're seeing is, we are not driving aggressive price increases against our core customers for the same products, the exception being on our marketplaces demand is really strong. So with LoopNet, you're seeing super strong demand in markets like Southern California and Southern Florida, so you're getting some saturation on advertisers. So we're eliminating big, big steeply discounted contracts, so someone was getting 60% price breaks or discounts, we're eliminating those consistently and bringing people more up to standard pricing level that looks that gives you that 49% year-over-year price lift on PL. It's not so much we're taking off everybody up, we're eliminating low-end discounts. Then you're getting product transformation, so as we rebuild LoopNet to really effectively showcase mega properties of super high-end properties, those will be sold at dramatically higher price points, but to new customers for new product. So that'll bring the average -- the ASP up dramatically, but not because we're doing across the board increases for the same product, it'll be more incremental prices. The -- this continue as we go into more analytic products for CoStar, you're selling to higher utility institutional clients, you get higher ASPs there as well, but delivering product to the 1% or 2% brokerage shop in Oklahoma City remains just as higher priority and we're not taking those prices up beyond roughly inflation. So, it's a mix. Do you want to? Scott Wheeler -- Chief Financial Officer Yeah. We track the price volume mix equation into the big groups. And as you just said, the only place where we've really had price increase was in the LoopNet, getting rid of some of those discounts and then as we moved people in the ForRent acquisition to the broader network then you saw this other effect of moving to a broader network contract, which would have higher revenues per property than what we had before. So it's not really a pure price increase, it's a broader package increase and such -- those types of things and the other ones that Andy mentioned that are really driving what we called price, which really is accounting for good half of what our revenue growth is in many quarters, because of those effects. Operator All right. Thank you. (Operator Instructions) And now it's the line of Pat Walravens from IMP Securities (sic-JMP Securities). Please go ahead. Joe Goodwin -- JMP Securities LLC -- Analyst Hi. This is actually Joe Goodwin on for Pat. Thank you for taking my question. I was just curious (multiple speakers) Richard Simonelli -- Vice President, Investor Relations JMP Securities? Joe Goodwin -- JMP Securities LLC -- Analyst Yeah, JMP Securities. That was a poor mistake there. Yeah. As a former software salesperson myself, I was looking at the Net Promoter Scores that you guys shared earlier and they seem really high and from my experience people don't always love speaking with software sales reps, that's what imply. So I guess just really curious, how do you guys go about calculating those scores? And how and when did you collect that data? Andrew Florance -- Founder, President and Chief Executive Officer Yes, so what happens is, there is a independent team that works in a different group from sales based on on Atlanta, Georgia, and each day they look at meetings that occurred 4 to 24 hours prior and they randomly sample the people at those meetings where held with and I won't get the wording exactly right, but they say based on your meeting yesterday and your overall impression of Apartments or CoStar how likely do you recommend CoStar or Apartments.com to a friend or colleague? So it's the recommended question. And that gets us a 9.02 on CoStar and gets us to 9.8 on Apartments.com and there was one woman, sorry, I can't remember her name or where she was, who for the year, last year, scored 9.98. So she is just a little bit of a strongest sales person than you are. But I bowed -- and to her, like, if we get a 9.98, I'll try to get her name for the nextearnings call so I want actually Cassandra to recruit her. You're right that people don't want to talk to -- typically don't want to spend their day with software salespeople, but we try to make sure that we're showing them some new benefit to them. We also talk to them about the general market. I also believe we delivered over 1 million tchotchkes last year... And the cookies and the candies. Scott Wheeler -- Chief Financial Officer Those cookies, candy, a charger cable, a cozy, we delivered so many little minor gifts. We do have all kinds of strategies for building those relationships and it tends to work. Operator Thank you. And now to line of Sterling Auty from J.P. Morgan. Please go ahead. Sterling Auty -- J.P. Morgan Securities -- Analyst (technical difficulty) Andrew Florance -- Founder, President and Chief Executive Officer Sterling, we're having a hard time hearing you. Sterling Auty -- J.P. Morgan Securities -- Analyst Is the line better? Andrew Florance -- Founder, President and Chief Executive Officer That's better. Scott Wheeler -- Chief Financial Officer Better. Sterling Auty -- J.P. Morgan Securities -- Analyst Okay. I was saying that, in the prepared remarks, you had the commentary obviously on the strength of multifamily, but also the deceleration in commercial real estate, just want to -- from a high level, does that mean that as you look throughout the rest of the year that the focus of the investments will continue to be on the strength in multifamily housing? And just to this quarter, did you invest to the level you thought you would in the commercial real estate part of the business? Andrew Florance -- Founder, President and Chief Executive Officer I would think that we did invest in the commercial real estate side the way we'd expect to. And investing, I think the question is reinvesting into the strengths of multifamily. In the prepared remarks, I'd noticed that and I thought, yes, there's a lot of upside in commercial real estate right now as with the whole economy. And yes, the statistics, the market indicators are all as the best I've seen in my career, for sure. I hate to ever admit this, but I also -- we'd note earlier $1.2 billion to $1.3 billion in cash, downturns are good too, because we bought some amazing companies in the downturns and we are not terribly cyclical as a company. We typically are able to grow through downturns and there is actually both a cyclical advantage to strengthen Apartment industry for us as people are building a lot of new developments. They are ready to invest in getting faster lease up on those new buildings. Conversely, when the wheels come off and vacancy rates drop, what they spend on lead generation with Apartments.com is peanuts or any other call for term you want to use compared to the amount of money at risk in these communities. So when someone spending $1,100, $1,200 a month on getting the majority of their lease to keep their $250 million property leased and solvent, they don't cut back on that $1,100 a month. So I think that's one of the nice things about our business as we are pretty -- we've benefited in the up cycle and we're very resilient on the down cycle. But still today, no indicators show in the down cycle. Operator Thank you. We have no one else in queue. Please continue. Andrew Florance -- Founder, President and Chief Executive Officer With that. we're going to wrap up the call. Thank you, everyone, for joining us, and thank you Scott for a fantastic Call+, and thank you Rich for a really fascinating read on the risks and the definitions and look forward to hearing you -- hearing -- spending time with you guys again at the end of the second quarter. Operator All right. Thank you. And ladies and gentlemen this call will be available for replay after 7:30 PM Eastern Time today through midnight May 23, 2019. You may access the AT&T Replay System at any time by dialing 1-800-475-6701, and entering the access code of 466402. Again, that's 1-800-475-6701. And international participants may dial 320-365-3844, with the access code of 466402. And that does conclude our conference for today. Thank you for your participation and for using the AT&T Executive Teleconference Service. You may now disconnect. Duration: 55 minutes Call participants: Richard Simonelli -- Vice President, Investor Relations Andrew Florance -- Founder, President and Chief Executive Officer Scott Wheeler -- Chief Financial Officer George Tong -- Goldman Sachs -- Analyst William Warmington -- Wells Fargo Securities -- Analyst David Ridley-Lane -- Bank of America Merrill Lynch -- Analyst Peter Christiansen -- Citigroup Inc -- Analyst Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst Stephen Sheldon -- William Blair & Company -- Analyst Mayank Tandon -- Needham & Co. -- Analyst Joe Goodwin -- JMP Securities LLC -- Analyst Sterling Auty -- J.P. Morgan Securities -- Analyst More CSGP analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 1, 2019 Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Sees Q2 Adj. EPS $1.94-$2.02 vs $1.88 Est, Sales $333M-$337M vs $339.98M Est.; Sees FY19 Adj. EPS $9.90-$10.10 vs $9.97 Est., Sales $1.37B-$1.38B vs $1.38B Est."", ""CoStar Group Q1 EPS $2.53 Beats $2.44 Estimate, Sales $328.425M Beat $327.53M Estimate"", ""CoStar Group Reports Renewal Of 5-Year Deal With JLL For Co.'s Commercial Real Estate Data Services In Canada"", ""Earnings Scheduled For April 23, 2019"", ""CoStar Group, Inc. (CSGP) CEO Andy Florance on Q1 2019 Results - Earnings Call Transcript"", ""CoStar Group beats by $0.09, beats on revenue""]"
CSGP,2019-04-24,49.079,51.185,47.391,47.437,"[""More on CoStar Group Q1 results"", ""Bank of America Maintains Buy on CoStar Group, Inc. - Common Stock, Raises Price Target to $550"", ""Wells Fargo Maintains Outperform on CoStar Group, Inc. - Common Stock, Raises Price Target to $550"", ""10 Biggest Price Target Changes For Wednesday"", ""10 Biggest Price Target Changes For Wednesday"", ""Wells Fargo Maintains Outperform on CoStar Group, Inc. - Common Stock, Raises Price Target to $550"", ""Bank of America Maintains Buy on CoStar Group, Inc. - Common Stock, Raises Price Target to $550"", ""More on CoStar Group Q1 results"", ""10 Biggest Price Target Changes For Wednesday"", ""Wells Fargo Maintains Outperform on CoStar Group, Inc. - Common Stock, Raises Price Target to $550"", ""Bank of America Maintains Buy on CoStar Group, Inc. - Common Stock, Raises Price Target to $550"", ""More on CoStar Group Q1 results""]"
CSGP,2019-04-25,47.597,48.767,47.523,48.578,
CSGP,2019-04-26,48.542,49.146,48.25,48.813,"CoStar Group Delivers Broad-Based Growth CoStar Group (NASDAQ: CSGP) reported first-quarter results on April 23. The real estate marketplace and analytics company is enjoying strong profit growth as apartment hunters, business buyers, and investors flock to its websites. CoStar Group results: The raw numbers Data source: CoStar Group Q1 2019 earnings release. What happened with CoStar Group this quarter? CoStar Group's companywide net new bookings surged 36% to $48 million, driven by the performance of the company's multifamily marketplaces. ""Apartments.com had an exceptionally strong sales quarter, growing quarterly net new bookings by 40% year over year, exceeding even the record net new bookings level we achieved in the fourth quarter of 2018,"" founder and CEO Andrew Florance said in a press release. CoStar Group's websites continue to grow more popular with renters and investors. Unique visitors to its network of marketplaces jumped 29% year over year to 49 million in the first quarter. In turn, CoStar's ballooning audience is helping to drive growth across its business lines. Revenue in Apartments.com leaped 30%. LoopNet -- CoStar's commercial real estate marketplace -- saw revenue rise 17%. Additionally, revenue in CoStar's rural lands and business-for-sale marketplaces climbed 21% and 12%, respectively. In all, companywide revenue rose 20% to $328 million. More people are turning to CoStar Group for their home-search needs. Image source: Getty Images. Better still, CoStar Group continues to grow more profitable as it expands. Adjusted EBITDA -- which excludes stock-based compensation, acquisition-related charges, and restructuring costs -- rose 49% to $125 million. And adjusted (non-GAAP) net income increased 54% to $92 million, or $2.53 per share. Looking forward CoStar Group now expects 2019 full-year non-GAAP earnings per share of $9.90 to $10.10, up from a previous forecast of $9.80 to $10. The company also reiterated its guidance for revenue of $1.37 billion to $1.38 billion and adjusted EBITDA of $495 million to $505 million. For the second quarter, CoStar's outlook includes: Revenue of $333 million to $337 million, signifying year-over-year growth of 13% at the midpoint Adjusted EBITDA of $98 million to $102 million Non-GAAP EPS of $1.94 to $2.02 ""With strong traffic growth and a robust product development pipeline for Apartments, LoopNet, and CoStar[,] we believe we will continue to deliver strong, consistent revenue growth,"" Florance said. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 1, 2019 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2019-04-29,49.03,49.212,48.512,48.93,"[""Ron Baron Comments on CoStar Group"", ""Ron Baron Comments on CoStar Group"", ""Ron Baron Comments on CoStar Group""]"
CSGP,2019-04-30,48.917,49.765,48.707,49.625,
CSGP,2019-05-01,49.727,50.127,49.402,49.6,
CSGP,2019-05-02,49.369,50.215,49.224,50.155,
CSGP,2019-05-03,50.276,50.627,49.498,49.886,
CSGP,2019-05-06,49.35,50.67,49.141,50.622,
CSGP,2019-05-07,50.247,50.437,49.069,49.531,
CSGP,2019-05-08,49.395,50.008,49.244,49.677,
CSGP,2019-05-09,49.409,49.49,48.28,49.475,
CSGP,2019-05-10,49.227,49.968,48.314,49.818,
CSGP,2019-05-13,48.953,49.248,48.21,48.854,
CSGP,2019-05-14,48.997,50.55,48.997,50.388,
CSGP,2019-05-15,50.012,51.546,50.012,51.109,
CSGP,2019-05-16,51.235,52.466,51.235,51.899,
CSGP,2019-05-17,51.426,52.129,51.347,51.761,"[""SAIC vs. CSGP: Which Stock Is the Better Value Option?"", ""SAIC vs. CSGP: Which Stock Is the Better Value Option?"", ""SAIC vs. CSGP: Which Stock Is the Better Value Option?""]"
CSGP,2019-05-20,51.397,52.055,51.195,51.725,
CSGP,2019-05-21,52.02,52.547,52.02,52.487,
CSGP,2019-05-22,52.509,53.222,52.509,52.795,"CSGP Crosses Above Average Analyst Target In recent trading, shares of CoStar Group, Inc. (Symbol: CSGP) have crossed above the average analyst 12-month target price of $520.38, changing hands for $524.87/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 8 different analyst targets contributing to that average for CoStar Group, Inc., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $425.00. And then on the other side of the spectrum one analyst has a target as high as $600.00. The standard deviation is $58.147. But the whole reason to look at the average CSGP price target in the first place is to tap into a ""wisdom of crowds"" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with CSGP crossing above that average target price of $520.38/share, investors in CSGP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $520.38 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover CoStar Group, Inc.: The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on CSGP — FREE. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2019-05-23,52.422,52.519,51.296,51.435,
CSGP,2019-05-24,51.738,52.474,51.374,51.408,
CSGP,2019-05-28,51.553,52.248,51.036,51.272,
CSGP,2019-05-29,51.0,51.321,50.784,51.184,
CSGP,2019-05-30,51.247,51.646,51.006,51.319,
CSGP,2019-05-31,50.822,51.388,50.553,50.964,
CSGP,2019-06-03,51.191,51.462,49.611,49.962,
CSGP,2019-06-04,50.444,50.767,49.825,50.6,
CSGP,2019-06-05,50.817,53.103,50.817,53.013,
CSGP,2019-06-06,53.159,54.085,52.896,53.996,
CSGP,2019-06-07,54.21,54.655,53.883,53.988,
CSGP,2019-06-10,54.368,55.494,54.368,55.05,
CSGP,2019-06-11,55.466,55.51,54.001,54.478,
CSGP,2019-06-12,54.25,54.898,53.966,54.789,
CSGP,2019-06-13,54.837,55.066,54.004,54.978,
CSGP,2019-06-14,54.942,55.066,54.583,54.966,
CSGP,2019-06-17,54.987,55.709,54.968,55.461,"[""Top Mutual Funds: This Ivy Fund Thrives Amid Market Volatility"", ""Top Mutual Funds: This Ivy Fund Thrives Amid Market Volatility"", ""Top Mutual Funds: This Ivy Fund Thrives Amid Market Volatility""]"
CSGP,2019-06-18,55.924,56.011,55.196,55.596,
CSGP,2019-06-19,55.48,55.746,54.957,55.667,
CSGP,2019-06-20,56.217,56.265,55.093,55.549,
CSGP,2019-06-21,55.241,56.197,55.006,56.054,
CSGP,2019-06-24,55.994,56.008,55.278,55.356,
CSGP,2019-06-25,55.292,55.604,53.698,53.844,
CSGP,2019-06-26,54.014,54.643,53.018,53.472,
CSGP,2019-06-27,53.472,54.537,53.167,54.293,"[""RealPage To Acquire CRE Global For Hipercept Real Estate Data Tech"", ""RealPage To Acquire CRE Global For Hipercept Real Estate Data Tech"", ""RealPage To Acquire CRE Global For Hipercept Real Estate Data Tech""]"
CSGP,2019-06-28,54.298,55.557,54.173,55.406,
CSGP,2019-07-01,56.024,56.596,55.724,55.935,
CSGP,2019-07-02,55.935,56.603,55.858,56.036,
CSGP,2019-07-03,56.225,56.622,55.941,56.55,
CSGP,2019-07-05,56.395,56.603,55.566,56.418,
CSGP,2019-07-08,56.296,56.815,56.023,56.25,
CSGP,2019-07-09,56.046,56.825,55.737,56.702,
CSGP,2019-07-10,57.259,58.2,57.259,58.081,"[""CoStar Group to record high as KBW initiates at Outperform"", ""Keefe Bruyette & Woods Initiates Coverage On CoStar Group with Outperform Rating, Announces $650 Price Target"", ""Keefe Bruyette & Woods Initiates Coverage On CoStar Group with Outperform Rating, Announces $650 Price Target"", ""CoStar Group to record high as KBW initiates at Outperform"", ""Keefe Bruyette & Woods Initiates Coverage On CoStar Group with Outperform Rating, Announces $650 Price Target"", ""CoStar Group to record high as KBW initiates at Outperform""]"
CSGP,2019-07-11,58.35,58.893,58.055,58.801,
CSGP,2019-07-12,58.941,59.234,58.313,58.714,
CSGP,2019-07-15,58.789,59.052,58.345,58.5,
CSGP,2019-07-16,58.624,59.049,57.967,58.192,"[""CoStar Group (CSGP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release"", ""CoStar Group (CSGP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release"", ""CoStar Group (CSGP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release""]"
CSGP,2019-07-17,58.399,58.779,58.087,58.353,
CSGP,2019-07-18,58.142,58.844,58.006,58.795,
CSGP,2019-07-19,59.011,59.057,58.287,58.295,
CSGP,2019-07-22,58.508,59.036,58.282,58.382,"[""Notable earnings after Tuesday's close"", ""CoStar Group Q2 2019 Earnings Preview"", ""Notable earnings after Tuesday's close"", ""CoStar Group Q2 2019 Earnings Preview"", ""Notable earnings after Tuesday's close"", ""CoStar Group Q2 2019 Earnings Preview""]"
CSGP,2019-07-23,58.585,58.626,57.577,58.056,"[""CoStar Group (CSGP) Beats Q2 Earnings and Revenue Estimates"", ""American Assets Capital Advisers Buys Americold Realty Trust, CoStar Group Inc, Prologis Inc, ..."", ""CoStar Group, Inc. (CSGP) CEO Andy Florance on Q2 2019 Results - Earnings Call Transcript"", ""CoStar Group EPS beats by $0.23, beats on revenue"", ""CoStar Group Q2 Adj. EPS $2.23 Beats $2 Estimate, Sales $343.76M Beat $336.7M Estimate"", ""CoStar Group Sees Q3 Adj. EPS $2.44-$2.52 vs $2.48 Est., Sales $350M-$354M vs $351.1M Est.; Sees FY19 Adj. EPS $10.00-$10.14 vs $10.06 Est., Sales $1.382B-$1.390B vs $1.38B Est."", ""CoStar Group Sees Q3 Adj. EPS $2.44-$2.52 vs $2.48 Est., Sales $350M-$354M vs $351.1M Est.; Sees FY19 Adj. EPS $10.00-$10.14 vs $10.06 Est., Sales $1.382B-$1.390B vs $1.38B Est."", ""CoStar Group Q2 Adj. EPS $2.23 Beats $2 Estimate, Sales $343.76M Beat $336.7M Estimate"", ""CoStar Group, Inc. (CSGP) CEO Andy Florance on Q2 2019 Results - Earnings Call Transcript"", ""American Assets Capital Advisers Buys Americold Realty Trust, CoStar Group Inc, Prologis Inc, ..."", ""CoStar Group (CSGP) Beats Q2 Earnings and Revenue Estimates"", ""CoStar Group EPS beats by $0.23, beats on revenue"", ""CoStar Group, Inc. (CSGP) Q2 2019 Earnings Call Transcript Image source: The Motley Fool. CoStar Group, Inc. (NASDAQ: CSGP) Q2 2019 Earnings Call Jul 23, 2019, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by, and welcome to the CoStar Second Quarter Financial Results Conference Call. [Operator Instructions] Also, today's conference call is being recorded. I would now like to turn the conference over to your host, Vice President of Investor Relations, Rich Simonelli. Please go ahead. Richard Simonelli -- Vice President, Investor Relations and Public Relations Thank you, operator, and welcome to CoStar Group's second quarter 2019 conference call. Before I turn the call over to Andy Florance, CoStar CEO and Founder; and Scott Wheeler, our CFO, I'd like to share some very interesting and important items that can actually make your day. First of all, certain portions of our discussion may contain forward-looking statements, which involve many risks and uncertainties that could cause actual results to differ materially from such statements. Important factors that can cause actual results to differ include, but are not limited to those stated in our press release today, July 23, 2019, on our second quarter results and in our company's outlook and corporate filings with the SEC, including our most recent Annual Report on Form 10-K and our subsequent Quarterly Reports on Form 10-Q, under the heading Risk Factors. All forward-looking statements are based on information available to CoStar on the date of this call and CoStar assumes no obligation to update these statements whether as a result of new information, future events or otherwise. Reconciliations to the most directly comparable GAAP measure to the non-GAAP financial measures discussed on this call, including, but not limited to, non-GAAP net income, EBITDA, adjusted EBITDA and forward-looking non-GAAP guidance, are shown in detail in our press release issued today, along with definitions of these terms. The press release is also available on our website located at costargroup.com. As a reminder, today's conference call is being broadcast live and in color on our website. So, please refer today's release to see how to access the replay of the call. I have a feeling, you're really going to want to listen this one again. So look up the recall number. Just remember one question. So, make it a good one. I will now turn the call over to Andy Florance. Andy? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thank you, Richard. Richard Simonelli -- Vice President, Investor Relations and Public Relations You're welcome. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thank you for joining us for CoStar Group's second quarter 2019earnings call In this, the week is the 50th anniversary of the Apollo 11 million landing, a slightly more impressive feat than our second quarter earnings, slightly. In the second quarter 2019, CoStar Group total revenue was $344 million, up 16% year-over-year. That's $7 million above the upper end of our guidance for the second quarter, so this is one of our biggest revenue beats. We had our best sales quarter ever, generating $59 million in the companywide net new bookings, an increase of 32% year-over-year. The primary driver behind our exceptional sales result was a much better-than-expected Apartments.com sales. Apartments.com net new bookings alone increased 122% year-over-year in the second quarter of 2019. In each of the past three quarters, Apartments.com has beaten all prior sales records for a quarter, with the second quarter of 2019 and the first quarter, Apartments.com net sales bookings were up 44%. In my experience, there are very few times when you get the monthly sales close numbers and are stunned by how big the number is. And this was one of those quarters repeatedly. The Apartments.com sales team is performing exceptionally well, is operating at the highest productivity level we've ever achieved. We expect to reach $0.5 billion annualized revenue run rate milestone for Apartments.com next quarter. This is a major milestone for us, given that we purchased Apartments.com in 2014, with only $86 million of revenue there. From that point of acquisition five years ago to now, we have grown Apartments.com at over 40% compound annual growth rate. We believe that we have every opportunity to continue this exceptional growth rate. CoStar Suite revenue growth was strong and crossed the $600 million revenue run rate in the second quarter. We now have over 150,000 individual subscribers to CoStar Suite. Net new bookings were up 26% from Q1 of this year. Our quarter-over-quarter US CoStar Suite revenue growth of 3.5% and our year-over-year US CoStar Suite revenue growth of 15.1% are right in line with our five-year averages. I find it valuable to look at the revenue generated by our core US sales force, our CoStar sales force, which is US CoStar Suite combined with LoopNet Premium Lister subscriptions. The quarter-over-quarter growth for this combination was 3.7% and the year-over-year was 15.7%. The 3.7% quarter-over-quarter growth rate is exactly our five-year average. The year-over-year growth number is above the five-year average of 15.5%. We are growing the CoStar sales force, which we believe will support future acceleration in bookings. We entered 2019 with 213 reps in production. We now have 262, and we hope to reach 300 reps selling CoStar and LoopNet by the end of the year. We hired approximately 50 additional sales reps that are going into production over the next three months. We believe that they will impact sales results about nine months after going into production. We saw strong sales of LoopNet Premium Lister product in the second quarter, with net new bookings up 46% quarter-over-quarter. Real Estate Manager net new bookings dropped 40% quarter-over-quarter and 6% year-over-year because the booking increases of the prior year had reached so high level of 400%. Overall, revenue growth was great for Real Estate Manager as total subscription revenue climbed 75% year-over-year and 24% quarter-over-quarter. Net new bookings for our land business was up 27% quarter-over-quarter and net new bookings for our business for sale marketplaces was up 36% quarter-over-quarter. It's important not to overlook the tremendous value of these smaller or mid-sized businesses CoStar Real Estate Manager lands and BizBuySell. This quarter five years ago, those three businesses combined had annualized revenue of $28 million. This quarter, they combined annualized revenue of $108 million. They have grown at a really impressive compound annual growth rate of 31% for five years. They're very profitable, and they have more than seven times or eight times the revenue that CoStar had in total the year we went public. We continue to focus on prioritizing and selling subscription-based services with high renewal rates over selling one-off services with non-reoccurring revenue. Subscription-based revenue has grown to comprise 82% of our overall revenue. As of the second quarter 2019, our trailing 12-month subscription revenue grew 25% year-over-year, which is faster than our revenue growth overall. And for the first time, we crossed a billion dollars of subscription revenue on a trailing 12-month basis. We continue to show strong growth in profitability. Net income for the second quarter 2019 was $63 million, an increase of 44% over net income of $44 million for the second quarter of 2018. EBITDA for the second quarter was $94 million, an increase of 45% versus EBITDA of $64 million for the second quarter of 2018. With strong cash flow, our balance sheet is stronger than ever, with $1.3 billion in cash and no debt. As reported by comScore, Apartments.com continues to pull further away from the competition as we increase our industry-leading position among Internet listing services by achieving all-time highs in unique visitors and number of visits. In the second quarter, the Apartments.com network had 175 million visits, up 21% year-over-year. The huge renter traffic we have built there is very valuable, particularly the clients with newly construct properties in the lease-up phase. Today, 70% of apartments that have delivered in the last two years are advertising with us. But some properties need more exposure and are willing to pay an additional fee to soar even higher up on our site to get more leads. To meet this demand, we have recently begun selling a new higher tiered advertising level called Diamond Plus, very creative naming. This ad package guarantees the advertiser placement in the top three search results in a given submarket. In the second quarter, we sold $6 million in Diamond Plus ads at an average of approximately 3,600 per month, with apartment communities in some markets paying as much as $7,500 per month. That's a new exciting price point for us. This stands in sharp contrast with our primary competitor, RentPath, who began advertising $99 a month ads if you buck social media with them. That price is 1.75th of our Diamond Plus price point. I think that tells you everything you need to know about the competitive landscape. Given the success of our Diamond Plus offering, we have decided to introduce a plus option in each of our platinum, gold and silver categories. We plan to offer the plus ads at fixed price with little to no discounting. In June, we purchased Off Campus Partners, a leading online multifamily marketplace service for student housing in the United States. There are over 17 million college students in need of housing near universities and they're paying approximately $100 billion in rent annually. Often their parents assist with these rent payments. We believe Apartments.com has a unique opportunity to develop a long lasting connection with students as they move into other stages in their lives to become renters Off Campus. Off Campus Partners enters into exclusive subscription agreements with universities to provide an Off-Campus housing listing service used by students, parents, faculty and staff. Currently, it has existing contracts with approximately 130 universities servicing over two million Off-Campus students. These units of university partners include the likes of University of Michigan, Harvard, VCU, Clemson, Berkeley, University of Pennsylvania and most importantly of all, an exceptional University Princeton. We believe that this massive market with tremendous opportunities for us to partner with more universities and attract more advertisers, especially small independent owners. The majority of Off Campus Partners' advertisers are independent owners who are excellent candidates for our new online leasing features such as screening applications, digital leases and payments, which we plan to offer next quarter on Apartments.com. We are also planning to release a student housing upgrade to our CoStar multifamily analytic solution. We believe this additional information will be very valuable to student housing, investors, property managers, lenders and developers. We had a strong Apartments.com sales success at the National Apartment Association Annual Conference in Denver this year held in May. It was attended by over 10,000 property managers who are our prime targets and prospects and clients. Once again, Apartments.com was front and center with an amazing presence, and we attracted more than 4,000 visitors to our booth. The Apartments.com sales force met with 916 property managers over the course of the two-day conference in Denver. As I mentioned, we bought Apartments.com in 2014, we had approximately 17,000 paying properties. Nearly 90% of those properties were from communities of 100 units or more. Today, we have just over 50,000 paying communities and nearly 13,500 of those properties are in a smaller 1 unit to 99 unit property size range. We have successfully grown our annual multifamily revenue from $86 million in 2014 to a run rate that we expect to reach $500 million later this year. During that time, we increased our penetration rate in the market six-fold from 2% to approximately 12%, or an average penetration growth of about 200 basis points per year. This has truly been an amazing success story as we lead the industry in revenue, lead generation for our clients and traffic. In the last 18 months, our Apartments.com sales have been accelerating as we added more salespeople. From the beginning of 2018 to today, we went from roughly 220 Apartments.com sales reps to 265, a 20% increase that generate a staggering 122% increase in net bookings year-over-year in the second quarter. This sales force is on fire and they have set all-time high bookings in the last three quarters in a row. We want to build on that incredible momentum, and plan to reinvest some of our outstanding performance or our outperformance back into the business to capture more market share more rapidly. With the current size of the Apartments.com sales force, they spend approximately 85% of their time with existing clients and only have about 15% of their time available to prospect for completely new clients. As a result, we estimate that our sales force has only made contact with 3.5% of our good new business prospects in the past 12 months. This means there are hundreds of thousands of apartment communities we could sell to that our sales team has not yet had the bandwidth to reach. We believe that we can dramatically increase our 12% penetration and add billions of revenue by among, other things, growing the sales force. It's obvious to us we need more salespeople, so we plan to add another 100 apartment salespeople into an outbound sales team based in Richmond, effectively increasing the size of our apartment sales team by nearly 40% to about 370 people. We do not believe this will require significantly more investment. We have offset most of the additional headcount costs by eliminating 120 researcher positions this month from Atlanta. Those researchers were community callers and were tasked with finding properties with availabilities that we would place on Apartments.com for free. They added tens of thousands of units a year. This was great for the property managers who didn't have to pay for these ads. Given the enormous amount of traffic on Apartments.com, these free ads which would serve below our paid ads would often generate more leads to these non-paying property managers, then those property managers would see from their paid ads on competing Internet listing sites. When we first relaunched Apartments.com, we needed to include this free content to draw renters in. But at this point, we have grown our content and traffic many times over and now no longer need to spend so much money giving valuable advertising away. We believe by adding 100 salespeople, we will add tens of thousands of paid community ads maintained by the advertisers rather than by researchers. In effect, we are exchanging researchers for salespeople and we think we'll end up with more data and more revenue. We believe the opportunity is gigantic. There are 345,000 mid-sized apartment properties in that 5 unit to 99 unit size range, and we estimate that we have less than 4% penetration in these properties. The opportunity is virtually untapped. The good news is that we've been successfully selling at this level, so there's a proven demand for our advertising solution. We feel the online leasing tools we plan to offer will further the appeal of Apartments.com to these mid-sized apartment communities. Intensified marketing is the second area where we intend to reinvest our outperformance back into Apartments.com in order to accelerate our market share capture. We see a clear path to providing even dramatically more lead flow into the industry than our competitors. And by doing so, we expect to achieve a compelling ROI and build a durable, long-term leadership position. Our primary competitors' balance sheet is the polar opposite of our balance sheet. RentPath has more than $0.5 billion of debt and is handcuffed with tens of millions of dollars in interest payments, so they do not have the ability to invest and to drive more lease for their clients the way we do. According to Debtwire, their first quarter 2019 adjusted EBITDA cratered, as it dropped 34.5% and it underscored their liquidity pressures. Their second lien has been trading below $0.20 on a $1. Given roughly in a 11% coupon on that second lien, yielding about $0.11 a year, a likely go-way payment would be achieved in a default or bankruptcy from the first lien holders paying the second lien holders $0.05 to $0.10. And yeah, there was some option value and number of people believe that the RentPath's second lien debt holders think there's about a year until RentPath could default, but who knows. But it seems like a good time to accelerate our investment in order to increase competitive pressure and capture more market share. LoopNet remains the clear number one site in commercial real estate for advertising properties for sale or for lease. In the second quarter, we averaged 5.8 million unique visitors per month, up 19% year-over-year. Historically, LoopNet has not materially monetized premium adds the way Apartments.com does. We're hard at work deploying to LoopNet a number of viable successful lessons we've learned from Apartments.com. We believe that in the future, these significant enhancements to LoopNet will allow us to dramatically accelerate our revenue growth there. We are making our premium, gold, platinum and diamond ads even more valuable. We're adding maps, demographic information, local transportation and more. We're also giving prominence and exclusivity to listing broker in our firm. Visually, we're featuring the premium ads with excellent photography, 3D walk-throughs and video. In addition to our efforts from our 160 field researchers who create visual content for LoopNet listings, we're in the process of adding a number of highly skilled professional architectural photographers who will bring these buildings to life in our ads. Our portfolio research team is helping to promote the LoopNet listings by adding original written content about the properties in the neighborhoods they're located. The landing pages continue to improve in functionality, appearance and content. We're adding content we believe will be valuable to LoopNet's target audience of tenants and small investors. You should head over to LoopNet in a few months as new enhancements roll-out over the course of the next year . I've been fortunate to witness first-hand an amazing transformation of the commercial real estate industry over the past 30 years. Digital marketing has moved from being virtually non-existent to being an absolutely essential necessity, a real critical part of selling or leasing properties . The good news for CoStar is that we own the most valuable digital real estate at the crossroads of commercial real estate and digital marketing. We have the largest audience of potential tenants, investors on LoopNet and the largest audience of brokers on CoStar. The commercial real estate professional needs to market their properties where this audience is. In the past, our researchers' primary value proposition to our clients was the information they gathered for them. While the data we gather is still the foundation of our business, the marketing opportunities our platform affords is becoming the prime value proposition we offer industry professionals. We used to reach out to brokers to collect most of our information. Now it's flipped and many brokers come online and bring listings to us. Brokers continue to adopt our CoStar Listing Manager tool, allowing them to update listings directly into the CoStar database. It has been nearly two years since we initiated Listing Manager and usage continues to increase. 52% of all spaces were added online by users in the second quarter 2019. We now have over 41,000 power users who are updating their listings monthly. CoStar Listening Managers are providing greater convenience to our clients and at a much lower cost to us than our historical data collection methods. Our move to Richmond has been an amazing success and is transforming how we collect and present data. We're having more collaborative and productive conversations with our clients. This increases the quality of our data immensely and builds stronger relationships with our users. As a result, one of the recent changes we've made in the research department is updating the researchers titles to better reflect our marketing focus and expertise. The researcher job title is now Marketing Research Advisor. Additionally, as we further establish Richmond as our marketing researcher headquarters, all East Coast research opportunities are being consolidated into our Richmond office. We believe this will lead to better collaboration and synergies among the research teams and significant cost savings. In addition, since the development teams that build our research systems are in Richmond, this consolidation creates more opportunities for our marketing, research and technology teams to work hand in hand to build the most efficient back-end systems. We believe this will also create additional career growth opportunities for our Marketing Research Advisors. As a result, we are relocating the 145 Marketing Research Advisor positions currently in Washington DC and the multifamily research positions in Atlanta, to Richmond. We will soon have close to 950 people based in Richmond. Commercial real estate activity continues to grow. Leasing volume and investment activity in the second quarter of 2019 rank among the strongest quarters on record. We believe the high level of interest to be justified given the sector's sound fundamentals. Vacancy rates are in the single digits across all sectors and supply remains limited. And compared to low prevailing interest rates, returns in commercial and multifamily real estate offer compelling relative value. The US economy, at large, set a post-war record in the second quarter of 2019, reaching 105 months of consecutive job growth. And recent data releases show ongoing strength. In turn, US commercial real estate has enjoyed 36 quarters of positive demand among the longest periods on record. In the property markets, apartment rent growth has accelerated once again, posting gains about 3%. We believe the ongoing health of the apartment sector relates to the broad and growing shortage of housing in the United States. In particular, insufficient supply of new-for-sale housing units has limited homebuying and led to the unprecedented level of apartment demand. In response to this demand, the apartment construction has risen to levels not seen since the 80s. CoStar tracked about 300,000 units delivered over the past 12 months and we're tracking nearly 675,000 apartment units under construction. The large majority of these developments rely on Apartments.com to market those units. In the office sector, the national vacancy rate has fallen below 10% for the first time since 2000. In spite of the limited space available, leasing has consistently set new records as the large tech firms continue to expand beyond their Silicon Valley and Seattle footprints. New office construction has been limited but impactful. Mega projects at Hudson Yards in New York, the Seaport in Boston, South of Market in San Francisco and the H Street NoMa quarter in DC and the West Loop in Chicago, have upended gateway markets and forced landlords of traditional CBD product to compete for signature tenants. As a result, rent growth has trended at just 2%, despite the single digit vacancy rates. This is not to turn investors. Deal volume last quarter could set a second quarter record. In the industrial sector, demand remains at historically high levels, driven by the ongoing trend among toward same-day delivery, which requires regional local distribution close to population centers. However, vacancy rates appear to have bottomed out mid-heavy supply and have edged higher from the 5% low. Rent growth continues to trend above 5%, and investment continues to favor the industrial sector in those small for our -- for the development or redevelopment potential for infill product. Based on our property-level value estimates, we believe industrial prices rose by 7% year-by-year, leading all property types. In the retail sector, negative headlines around store closings in the shrinking share of brick-and-mortar sales obscures the sector's superb fundamentals. We estimate retail vacancies are below 5%, the lowest across the property types. And construction under way amounts to less than 1% of current stock, with the record levels of interest in commercial real estate and multifamily real estate to continue. To meet the complex needs of the industry, CoStar Group offers products and services designed to help owners, lenders, brokers, investors and property managers realize successful outcomes in any economic climate. We've had a tremendous start to 2019, with an exceptional second quarter. I'm extremely excited about the rest of this year as we continue to execute on our long-term vision within a great company. At this point, I will turn the call over to our CFO, Scott Wheeler, who will among other things, hopefully reiterate that net income for the second quarter was $63 million, an increase of 44% over the second. Our balance sheet is strong with $1.3 million in cash and no debt. And very importantly that we had our best sales quarter ever, with $59 million in bookings. But what CoStar investors ever get tired of hearing about all of that? Scott Wheeler -- Chief Financial Officer That's a great story. Thank you, Andy. We certainly didn't have a terrific first half of the year, but I am going to try not to repeat that our net income for the second quarter was $63 million, an increase of 44% over the second quarter of '18. I also will not say again that our balance sheet is stronger than ever, with $1.3 billion in cash and no debt. And I'm certainly not going to tell people that we just turned in our best sales quarter ever with $59 million in bookings. That's your job. So, let me start with our revenue performance by services. CoStar Suite revenue growth remained strong at 14% in the second quarter of 2019 versus second quarter of 2018. Revenue growth rate for CoStar Suite is expected to be in the 12% to 13% range for the full year of 2019, modest improvement over our expectations we told you last quarter. Revenue in Information Services grew 33% year-over-year in the second quarter of 2019, primarily as a result of CoStar Real Estate Manager revenue growth of 57% year-over-year. This includes both the subscription revenue growth of 75% that Andy mentioned and the one-time implementation revenue growth of 25% for new customer implementations. The first half 2019 growth of Real Estate Manager exceeded our expectations, as companies continued to implement our solutions for the new lease accounting standards. As we move further past the lease accounting standard adoption dates, we expect growth rates for Real Estate Manager to slow in total for the second half of the year, as subscription revenues continue to grow but one-time implementation revenues will decline. Information Services revenue is now expected to grow at a rate of 15% to 17% on a year-over-year basis in 2019, which is 400 basis points above the growth rate range we indicated last quarter. Multifamily revenue growth for the second quarter remained strong at 15% over the second quarter of 2018, slightly higher than our expectations. As mentioned last quarter, we expected a lower growth rate in the second quarter as we have fully lapped the anniversary date of our ForRent acquisition and we have a negative effect of certain duplicative revenues and discontinued products from ForRent that were evident in our 2018 results. With the strong sales results this quarter, I'm increasingly confident that the multifamily revenue growth rates in the third and fourth quarters of 2019 will meet or exceed 20%. The full-year 2019 revenue growth rates for multifamily is expected in the 20% to 21% range. Commercial property and land revenue grew 16% year-over-year in the second quarter of 2019. All of our marketplace businesses including LoopNet, lands and business for sale are delivering solid growth in the mid to upper teens, which we expect to continue and increase in the second half of the year. Accordingly, we expect year-over-year organic growth in commercial property and land in the 17% to 19% range for 2019. Gross margins came in at 79% in the second quarter of 2019, slightly increasing from 78% gross margins we achieved in the first quarter of 2019. This is a result of very strong cost leverage. Our revenues increased $15 million in the second quarter of 2019 compared to the first quarter, but our cost of revenue only increased $1 million sequentially. We now expect our overall gross margins of approximately 79% for the full year of 2019. Our operating expenses were $197 million for the second quarter of 2019, which was in line with our expectations, including the higher seasonal marketing spend we experienced in the second quarter. Our second quarter adjusted EBITDA of $110 million represents a 29% increase compared to adjusted EBITDA of $85 million in the second quarter of 2018. Second quarter adjusted EBITDA was approximately $8 million above the top end of our guidance range. Stronger revenue was the main driver of the positive variances. The resulting adjusted EBITDA margins of 32% is 220 basis points above the midpoint of our guidance range and 340 basis points above the 25.9% margin we achieved in the second quarter of 2018. Net income for the second quarter of 2019 of $63 million increased 44%, or $19 million compared to Q2 2018. Our effective tax rate in the quarter was 21%, reflecting benefits associated with share-based payment transactions and R&D credits. Non-GAAP net income for the second quarter increased 35% to $82 million, or $2.23 per diluted share and includes adjustments for stock-based compensation, acquisition-related expenses and some restructuring costs associated with the organizational changes in Apartments.com and research that Andy mentioned. Non-GAAP net income for the second quarter assumes a tax rate of 25%, which does not include discrete items such as the impact of the share-based payment transactions. We acquired Off Campus Partners in June for approximately $16 million subject to standard post-closing adjustments. We're currently working our product integration plans with Apartments.com as well as business and financial integrations. Although strategically important, the impact of the acquisition to our financial statements for 2019 is not material. Now, we'll look at some of the performance metrics for the quarter. As Andy noted, we absolutely crushed it in sales this quarter, with net new sales of $59 million. That's for Andy to talk about. This was exceptionally strong in multifamily. Also contributing to the big sales numbers this quarter were our two biggest industry conferences of the year, the ICSC Real Estate Conference and the NCAA Apartments Conference, both were in the second quarter. As you know, we don't provide guidance on future sales, given seasonal and other fluctuations quarter-to-quarter, but we're very focused on reinvesting for long-term sales and revenue growth. Suffice it to say, we're very happy with the sales results across the business and the direction in which we are heading. At the end of the second quarter of 2019, our sales force totaled approximately 779 people, reflecting growth in the CoStar Suite field sales force that we talked about last quarter. We expect to continue growing the CRE sales force this year, with the productivity of new sellers typically ramping up over the next nine months or so. The renewal rate on annual contracts for the second quarter of 2019 was in line with the same rate we achieved in the first quarter of 2019 at 90%. The renewal rate for the quarter for customers who've been subscribers for five years or longer was 95%, slightly below the renewal rate of 96% in the first quarter. This is the first quarter that we've included multifamily five-year subscribers, which is a reason for the modest dilution from Q1. Subscription revenue on annual contracts accounts for 82% of our revenue in the second quarter, up from 77% this time last year. The improvements are primarily the result of successfully migrating the ForRent customer base to our Apartments.com network, strong sales and annual contracts. I'll now discuss the outlook for the year and the third quarter of 2019. Based on the strong second quarter revenue and sales results, we are raising our revenue outlook for the year by $11 million at the midpoint to a range of $1.382 billion to $1.390 billion for the full year of 2019. This outlook reflects revenue growth for the year between 16% and 17%, up from the 15% to 16% we indicated last quarter. We expect revenue for the third quarter of 2019 in the range of $350 million to $354 million, representing top line growth in the range of 15% to 16%. We expect adjusted EBITDA to be in the range of $498 million to $505 million for the full year of 2019, which is relatively unchanged from our previous guidance. As Andy discussed, exceptionally strong results and the market position of our multifamily business has us convinced that now is the time to reinvest increased revenue back into the business. [Indecipherable], we increased our marketing spend in the forecast for Apartments.com in the second half of 2019 by approximately $10 million. Consistent with our previous guidance, we expect adjusted EBITDA growth of approximately 20% year-over-year, adjusted EBITDA margins for the year of approximately 36%, up around 110 basis points in the midpoint of the range. For the third quarter of 2019, we expect adjusted EBITDA in a range of $123 million to $127 million. Margins are expected to increase sequentially in the third and the fourth quarters. In terms of earnings, we expect full-year non-GAAP net income per diluted share of $10 to $10.14, based on 36.6 million shares. Certainly great to see the $10 per share numbers coming into view this year, which if achieved would present compounded EPS growth of over 30% per year since 2016. For the third quarter of 2019, we expect non-GAAP net income to diluted share in a range of $2.44 to $2.52, based on 36.6 million shares. Overall, our CoStar team delivered a phenomenal first half of 2019. We're very well positioned to continue our strong revenue growth trajectory, to increase the level of growth investments for the future and continue to expand margins. With that, we will now open the call for questions. Questions and Answers: Operator [Operator Instructions] Our first question is from Peter Christiansen with Citi. Please go ahead. Peter Christiansen -- Citigroup -- Analyst Good afternoon. Thanks for taking my question. And Rich, you are right about that replay. I had a question about the -- Andy, I think you were talking about, there is a portion of the Apartments.com network that is getting free ads, that is shutting off now, obviously, because of the success you've had on driving lead growth. Has that happened? Is that going to happen? And then when is that going to happen? What's the timeline? And what are you kind of expecting for those free ads turning into paid ads? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer So it's happening in phases. Some of it has happened. When we first relaunched, we were running free ads for communities at all sizes on, up to 250 units, be it [Phonetics] properties over 100 units. And as we started building up more and more content and more and more traffic, we started eliminating free ads above 200 units at above 150 units, at 100 units. And we just keep on bringing that level down. And as we do that, a significant number of those folks decide to go ahead and sign-up for Apartments.com and not lose that lead flow. So the communities below 100 units, that will roll out over the course of the remainder of the year and we will be trying to build up that inside sales force fast quickly enough to be able to pursue the leads that, that generates. So it will be flexible, but it will be six months to 12 months to eliminate the freeze below 100. Now we won't -- we will continue to carry the very small communities for free for quite some time. So the condo for rent, to the house for rent, the real small stuff. And I also want to reiterate that our second quarter had $59 million in bookings. Operator And our next question is from Brett Huff with Stephens. Please go ahead. Brett Huff -- Stephens Inc. -- Analyst Good afternoon, guys. Congrats on a nice quarter. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thank you, Brett. Scott Wheeler -- Chief Financial Officer Thanks, Brett. Brett Huff -- Stephens Inc. -- Analyst Great to see the bookings power that can be generated. I know that this had some real positives in the conferences and things like that helping. But one of the questions we get a lot is, as we look forward, the bookings should kind of trend higher. They've been kind of around the $50 million range, up until this quarter. As you look out in order to sort of think about supporting the growth rate that you guys have talked about over your long-term guidance, the Street is sort of baked in what looks to be, you need maybe $65 million or so a quarter starting sometime next year in order to drive the kind of revenue in the out years. How should we think about the sustainability of this $59 million number? Or should we expect it to come down a little bit because it was particularly good? And then just continue to rise. And if it rises, can you tell us what the drivers of that? Because I know some sales, some pricing, give us some sort of view into how those bookings probably rise over time? Thank you. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Sure. So, I'm very excited about the Street expectations for bookings in the 60s next year, and I look forward to those earnings calls. It will be exciting. And we will repeat successful results throughout theearnings call But the -- there are a number of different things that give you tailwinds as you go in to try to achieve those higher numbers. Like, we obviously don't know small fluctuation nuances from quarter-to-quarter. So the bookings next quarter, it could go up a little bit, it could go down a little bit. And it's not necessarily terribly material, which way it goes of slight increments. But the trend, I feel comfortable with expectations that it goes up. Again, growing the CoStar sales force materially, yeah, it is a big driver. There is no shortage of opportunity. So, penetration rates for the advertising on LoopNet, new products in LoopNet, taking owner product out there, new multifamily product, student housing, analytics on the CoStar side, a lot of opportunity there. Adding a 100 salespeople to Apartments.com, the expectation is that they would sell something and that would also drive the opportunity. And as we increase the marketing, we will increase the lead flow. And then looking at the numbers, our ability to successfully sell product to 200 unit communities, 100 unit communities, 75 unit communities, 50 unit communities, 40 unit communities, 30 unit communities, 10 unit communities, means that we've got a huge marketplace to sell to, and adding additional salespeople is going to give us that ability to go address that opportunity. And then the land business, the BizBuySell business and CoStar Real Estate Manager continues to hit on all cylinders. So, there is a lot of good tailwinds there and so we're not really shy of those expectations next year. Operator Our next question comes from Bill Warmington with Wells Fargo. Please go ahead. Bill Warmington -- Wells Fargo Securities -- Analyst Good afternoon, everyone. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Hi, Bill. Bill Warmington -- Wells Fargo Securities -- Analyst So, I wanted to ask on the apartment side. If you could talk a little bit about the end-to-end digital solutions for the small landlords. Specifically, what services you're going to be providing there? The beta testing, how is that going and then what will the Q4 roll-out look like? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thank you, Bill. So, we're -- I'm actually on my way up to -- I'm just in from Tokyo, if you can't tell that I'm a little jet lagged. Heading up to Chicago for focus groups on that over the next couple of days, we're going to be interviewing small landlords tenants on that whole new products. So, that new product is providing an end-to-end leasing solution within Apartments.com, where someone marking their property at Apartments.com can elect for online leasing, which means renters can apply directly, digitally using our applications on Apartments.com for an apartment. We screen them for credit, criminal and prior evictions. If the landlord wants to move forward with the tenant and wants to move forward, they can enter into a digital lease on Apartments.com and then we can facilitate the rent payments on Apartments.com. We believe this will be particularly appealing to the smaller landlords that don't have these sorts of solutions. We also think it will be appealing to the renters because our price points for doing an online application is typically half of what the normal fees are and we are providing portability to the applications. So, a renter who applies to one property on Apartments.com can use that same application nearly instantly for any other community within 30 days. So, it's pretty exciting and we are going to be looking at how that reaction is going. But it's early. We're just rolling it out this quarter. We'll know more after the focus groups. But one of the things that I'm -- we're looking at now is we think it will have a big impact not just on the folks running a single house or condo, but we think it will be really helpful in helping us to sell more advertising to the middle-market, the folks with 20 units, 40 units, 50 units. And that will be sold through our inside -- the new inside sales force where they'll be really aggressively going after that sector. So it's -- it's rolling out in four, I think we added one more markets. I think it's rolling in five markets in the third quarter. And based on that, we will gear it up to additional markets in the fourth quarter, but we haven't really finalized how many. And one of the things we want to do is build up that inside sales team. So, we really focus our energy on the markets we're rolling it out in intensely, so that the -- there is enough people participating in the program that, that renter application portability between multiple communities has enough scale and mass that's particularly valuable. But we will tell you more -- we'll report in on the third quarter call. On the year-end call, we'll have more color on it. It's still little early. But man, it was a lot of work. Operator Our next question comes from George Tong with Goldman Sachs. Please go ahead. George Tong -- Goldman Sachs -- Analyst Hi. Thanks. Good afternoon. Commercial property and land revenue growth in the quarter decelerated to 16% year-over-year from 17% in 1Q despite easier year-ago comps. Can you discuss reasons for this moderation and maybe elaborate on your efforts to go after the institutional customer channel at LoopNet marketplace? Scott Wheeler -- Chief Financial Officer So the -- so the sales outlook, George, is still strong for the LoopNet business. The differences you're talking about, we only moved the forecast to $1 million or $2 million in any quarter and you get a percent change on this business because the numbers aren't really that big. What we're still seeing is really good sales through the CoStar sales force or LoopNet, and Andy mentioned some of these Premium Lister sales that we're getting. And we continue to sell the signature ads. You get different fluctuations in cancels from quarter-to-quarter, which sometimes does get a little higher or then they back off. So depending on the timing of those, we tweak the forecast and tend to take a more cautious approach going out. But we're still very positive about the changes we're making and how that sales force can create momentum in the second half. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Also, our big initiative there, which is really the premium gold, platinum and diamond levels, has not effectively rolled out and that will be coming in the next couple of quarters. So, we're having a big conference pulling together. Our senior sales leaders are beginning to walk through the sales process for selling those Apartments.com like ads on LoopNet. And you're not seeing any revenue associated with that right now and that's a future revenue stream, so there will be upside. Operator Our next question comes from Tom -- I'm sorry, Ryan Tomasello with KBW. Please go ahead. Ryan Tomasello -- Keefe, Bruyette & Woods -- Analyst Hi, everyone. Thanks for taking the question today. Andy, just in terms of LoopNet rebranding on your recent comment and the owner focus, can you give us some color on what the go-to-market strategy will be in the education process? Will this be more of a gradual education process, or are you targeting more of a focus launch. And if so, do you think that the sales force is rightsized following the year-to-date growth? And if there are perhaps any efficiencies in partnering with your existing broker clients for a sales effort to align interest and more quickly reach this very valuable owner client? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Sure. So, one of the things I did not mention, going into detail on was, we have been reorganizing the CoStar sales force a bit in order to get ready for selling these premier LoopNet owner-oriented ads, the sort of upper end ads. And what we've done is, we've identified about 65 sales people across our network, who are the more senior folks and were assigning the top owner prospects to them. We're pulling them together for a couple of days of training. So far we haven't really -- we haven't done that. We're just beginning that process. It's relatively straightforward. The value proposition is pretty straightforward. And I think that we will get adoption or the sales force will pick, the specialist salespeople will pick this up pretty quickly and we really be relying on them to take that forward. I would expect that over time with success there, we'll feel that 65 is not quite the right number and we'll probably want to grow that team a little bit. But I think we'll take one step at a time. A little bit of success with the 65 people would be a lot of success to our bookings numbers. The second part that you mentioned there about partnering with our broker clients is exciting. In the past, we have partnered with our broker clients to basically wholesale or resell advertising to their owner clients and allow them to offer discounts and give them some rebates for volume. And we've had some discussions with some of our brokerage clients about allowing them to resell those LoopNet ads owners. It's a win-win for everybody, the broker, the owner and us. And it is similar to what happens with Apartments.com. So, often when we're selling an advertisement for an apartment community, Greystar, Greystar is acting on behalf of an owner who we don't really know who they are. But they're just authorized to make the purchase and Greystar through volume gets a better price for their owner. So, we'd be looking for the same thing to happen in CoStar, LoopNet, but it will be something that would be happening next year. But we've gotten really positive feedback from folks like CBRE and some others on that opportunity. And it's not unprecedented. Again, not only on the Apartments.com side, but also CoStar Real Estate Manager where a lot of our sales there are -- is white labeling from folks like JLL and CBRE and Cushman & Wakefield, who basically steer their clients into CoStar Real Estate Manager. Richard Simonelli -- Vice President, Investor Relations and Public Relations And thanks for joining us, Ryan. Glad to have you. Thanks for starting coverage. Operator Our next question is from Andrew Jeffrey with SunTrust. Please go ahead. Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst Hey, guys. Good afternoon. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Good afternoon. Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst I missed that bookings number. So -- Andrew C. Florance -- Founder, Director, President and Chief Executive Officer It was $59 million. Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst We'll get to the offline. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thank you for asking. Just under $60 million. So, we're not saying. Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst Yeah. In all seriousness, one of the things that strikes me is the success you've had building out your sales force without -- from we can tell from the outside looking at really sacrificing productivity. Can you speak a little bit about what the gating items are to continuing to build sales? I mean, we're in a full employment economy. These are not sort of simple products as I would think. It's a fairly sophisticated sale. I mean, kind of what's the secret sauce and what do you worry about in terms of being able to continually expand the sales organization? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Well, for me, my primary concern is typically, we are an organization that changes a lot. So, as we -- we don't stay the same. Most sales organizations do exactly the same thing for 10 years in and out. They don't change a lot. Things like refocusing the sales team against the smaller communities to an online leasing, refocusing the info salespeople toward a new ad opportunity in the LoopNet side, that's a lot of change and that requires a big organization to adopt change. And that's just -- that's heavy lifting, that's probably our single biggest gating item. I was meeting with a couple of tech people yesterday. We were at CES and some other companies and they were talking about having challenges hiring salespeople. Knock on wood, we've been able to keep a really good pipeline of high-quality salespeople coming in the door and we have not seen problems with being able to find those folks. So, you can see that in the 50 plus recent hires on the CoStar side. And then I also -- we're going to be -- and hiring in Richmond. I feel confident there. We invest a lot into the Richmond marketplace. We have a big brand there and we've been successful in meeting our hiring requirements there. So, we're always looking to try to improve our sales training and try to give them more experiences and developing ongoing training. But we like the productivity numbers we're seeing, the productivity numbers per salesperson. Apartments.com is exceptional right now. And if we can keep that through -- going through an inside sales team, we'll be really happy with that result. So the main issue is just continuously reshaping the organization, things like dividing the Apartments and the CoStar teams into separate management lines. That's the main challenge. Operator Our next question comes from Stephen Sheldon with William Blair. Please go ahead. Josh Lamers -- William Blair & Company -- Analyst Great. Thanks. This is actually Josh Lamers on for Stephen. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Hello, Josh. Josh Lamers -- William Blair & Company -- Analyst Hey there. Over the last few quarters, you guys have provided some helpful data points on the Apartments upsell and LoopNet 2.0. But I was hoping you could frame for us what you view is the bigger opportunity over the next two years or three years. And if there's time, what you see are kind of the main factors driving demand for the higher-priced ads in a high occupancy environment? Thanks. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Yeah. I would like -- and you ask, which of my children are my favorite and that's a tough one. So, I'd like to say that Apartments.com is awesome and LoopNet is awesome and they both have trends of upside. But you have to say, you have to respect Warren Buffett. And one bird in the hand is better than two in the bush. And Apartments.com is on fire right now and it's happening. What's driving demand for the up-sell, when you see folks adopting rapidly, price points at $3,600 and $7,500 a month where the average had been $770, what's going on there is we are just delivering the traffic and the lead flow. We've got massive traffic in lead flow. It's working. And we're hearing, like in a focus group, I was in two weeks or three weeks ago in Dallas, property managers who are building a lot of new -- putting a lot of new units out there are finding that everybody in say, Dallas Uptown is now buying our Diamond ad and it's hard to stand out. Like in -- they're looking to spend more to stand out more when they're in lease-up. And so with so many people buying in Apartments.com, people with higher demand are willing to pay more. And when you think about what's at stake for them as they launch a $200 million community in the lease-up, they don't really care if our ad cost a $1,000 or $10,000. They're in a nine-month lease-up period and we are the source for the majority of their communities. So, we've kept our -- frankly, we've kept our pricing very aggressive and our price per lease and our price per lead is very low. And they're very happy with it. And if they want more, they're willing to fork out money. So the upside is, we are -- these plus categories where within silver, gold, platinum and diamond, we're going to enable people to pay to sort higher within the categories, I think we will generate a lot of revenue. And then again just bringing out the online leasing tools and going after the mid-market will be big. LoopNet, I'm highly confident about, but it's -- it is still in development. It's still early days. But we're very familiar with everything about that LoopNet area and feel like it's a clear opportunity and remain very optimistic about it. Operator Our next question comes from Sterling Auty with J.P. Morgan. Please go ahead. Sterling Auty -- J.P. Morgan -- Analyst Yeah. Thanks. Hi, guys. And -- Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Sterling. Sterling Auty -- J.P. Morgan -- Analyst We really appreciate all the detail that you gave on the call. So, thank you very much. Quick question on the CoStar Suite. When you look at the growth year-over-year, how would you characterize? I know you gave us a rough estimate of the number of subscribers. But how much of that growth is coming from increases in user count versus maybe the best way to put it is increase in average revenue per subscriber? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Most of it is new subscribers. There is a little bit more. There is a slight increase in average price point per user. So, we're getting -- we're being a little more thoughtful about looking at some of the dramatically underpriced accounts and bringing them up a little bit closer, not all the way in the list, we are bringing up a little closer list. So, I'd say the shift is mixing -- the mix is shifting a little bit between price point. It's a little bit more of that than there has been in the past but nothing crazy. We're talking about instead of 3% average price increase, it might be 6% or 7%. Sterling Auty -- J.P. Morgan -- Analyst Got it. Thank you. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Yeah. Operator Our next question is from Pat Walravens with JMP Securities. Please go ahead. Joe Goodwin -- JMP Securities -- Analyst Hi. This is Joe Goodwin on for Pat. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Hi, Joe. Joe Goodwin -- JMP Securities -- Analyst Hey guys. Just a quick question. Andy, how's the environment for CoStar to do more M&A? Any commentary you can provide us there. And then I have another question after that. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer So the question was what does M&A environment look like? So, we're -- it's very active. There's a lot going on there. We are -- at any given point, we're looking closely at probably a dozen companies. We are being selective, continue to be selective. So if valuation doesn't appear to be rational to us, we're not doing any sloppy deals that way. But we do have a pipeline and we are working through it. And some of it is smaller deals like Off Campus Partners and then there is some -- there are some larger things in the pipeline. But again, they don't occur until they occur because we have a great track record across 20 acquisitions, 30 acquisitions of not having any big goose. And we will continue to be very careful as we go forward. But we're not going to change our ways of continuing to make good acquisitions. Operator Our next question is from Scott Buck from B Riley. FBR. Please go ahead. Scott Buck -- B. Riley FBR Inc. -- Analyst Hey. Good afternoon, guys. A bit of a follow-up there. I'm watching the cash balances continue to climb quarter after quarter, how are you prioritizing uses? And will we see at some point maybe some repurchase activity or a potential dividend? Thanks. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thanks, Scott. Our priorities right now are the acquisition pipeline that we just talked about, putting money back into organic spend as much as possible. Clearly, we're still going to generate net positive cash, but our intention is to put that back into acquisitions. We'd love to see some more rational price discussions in the marketplace on deals right now. But we know they're out there and they're big enough to use that cash. So, it's just a matter of time, I think we'll do that. Right now we're not considering any share buybacks or dividends as there is still so much opportunity in this growing digital marketplace transformation, that it is better to be holding it for some of the near-term and then using it when we have those opportunities. Operator [Operator Instructions] Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Great. Well, thank you all for joining us for the second quarter call and we look forward to getting together with you again in the third quarter. And thank you very much. Operator [Operator Closing Remarks] Duration: 65 minutes Call participants: Richard Simonelli -- Vice President, Investor Relations and Public Relations Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Scott Wheeler -- Chief Financial Officer Peter Christiansen -- Citigroup -- Analyst Brett Huff -- Stephens Inc. -- Analyst Bill Warmington -- Wells Fargo Securities -- Analyst George Tong -- Goldman Sachs -- Analyst Ryan Tomasello -- Keefe, Bruyette & Woods -- Analyst Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst Josh Lamers -- William Blair & Company -- Analyst Sterling Auty -- J.P. Morgan -- Analyst Joe Goodwin -- JMP Securities -- Analyst Scott Buck -- B. Riley FBR Inc. -- Analyst More CSGP analysis All earnings call transcripts 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Sees Q3 Adj. EPS $2.44-$2.52 vs $2.48 Est., Sales $350M-$354M vs $351.1M Est.; Sees FY19 Adj. EPS $10.00-$10.14 vs $10.06 Est., Sales $1.382B-$1.390B vs $1.38B Est."", ""CoStar Group Q2 Adj. EPS $2.23 Beats $2 Estimate, Sales $343.76M Beat $336.7M Estimate"", ""CoStar Group, Inc. (CSGP) CEO Andy Florance on Q2 2019 Results - Earnings Call Transcript"", ""American Assets Capital Advisers Buys Americold Realty Trust, CoStar Group Inc, Prologis Inc, ..."", ""CoStar Group (CSGP) Beats Q2 Earnings and Revenue Estimates"", ""CoStar Group EPS beats by $0.23, beats on revenue""]"
CSGP,2019-07-24,60.001,63.2,59.182,62.795,"[""CoStar reports one of it's best financial quarter"", ""Dow Left Out Of Market's Party As Boeing, Caterpillar Earnings Disappoint"", ""JMP Securities Maintains Market Outperform on CoStar Group, Raises Price Target to $630"", ""JP Morgan Maintains Underweight on CoStar Group, Raises Price Target to $597"", ""CoStar Group shares are trading higher after the company reported better-than-expected Q2 EPS and sales results. The company also issued Q3 and FY19 guidance in line with analyst estimates."", ""CoStar Group shares are trading higher after the company reported better-than-expected Q2 EPS and sales results. The company also issued Q3 and FY19 guidance in line with analyst estimates."", ""JP Morgan Maintains Underweight on CoStar Group, Raises Price Target to $597"", ""JMP Securities Maintains Market Outperform on CoStar Group, Raises Price Target to $630"", ""Dow Left Out Of Market's Party As Boeing, Caterpillar Earnings Disappoint"", ""CoStar reports one of it's best financial quarter"", ""CoStar Group Boosts Outlook as Earnings Jump CoStar Group (NASDAQ: CSGP) reported second-quarter results on July 23. The provider of real estate information services and online marketplaces delivered sharply higher profits, prompting it to raise its full-year financial forecast. CoStar Group results: The raw numbers Data source: CoStar Group Q2 2019 earnings release. What happened with CoStar Group this quarter? CoStar Group delivered record bookings -- a key measure of sales productivity and future revenue growth -- fueled by the rapid expansion of its multifamily business. \""We generated our highest companywide net new bookings with $59 million in the second quarter, an increase of 32% year-over-year,\"" Founder and CEO Andrew Florance said in a press release. \""Apartments.com is showing exceptional momentum, with second-quarter sales bookings surging 122% year-over-year.\"" CoStar Group's Apartments.com business is growing at a torrid clip. Image source: Getty Images. This strong growth is helping CoStar Group widen its lead over its rivals. \""Our Apartments.com network continued to expand its leadership position in traffic in the second quarter of 2019 with our highest level ever of unique visitors and visits according to ComScore,\"" Florance said. Moreover, CoStar Group's profitability continues to improve. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) -- which excludes stock-based compensation, acquisition-related charges, and restructuring costs -- jumped 29%, to $110 million. Non-GAAP (adjusted) net income, meanwhile, leapt 35%, to $82 million, or $2.23 per share. Looking forward These results prompted CoStar to boost its sales and profit forecast for 2019. The company is now guiding for full-year revenue of $1.382 billion to $1.39 billion, representing an increase of $11 million at the midpoint compared to its previous guidance. Additionally, management now expects adjusted EBITDA of $498 million to $505 million and adjusted earnings per share of $10.00 to $10.14, up from its prior forecast of $495 million to $505 million and $9.90 to $10.10. For the third quarter, CoStar's guidance includes: Revenue of $350 million to $354 million, signifying year-over-year growth of 15% at the midpoint. Adjusted EBITDA of $123 million to $127 million. Adjusted earnings per share of $2.44 to $2.52. \""Given our very strong results in the first half of 2019, we plan to raise the level of marketing investment in Apartments.com in the second half of 2019 accelerating the rate at which we are capturing market share,\"" Florance said. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group shares are trading higher after the company reported better-than-expected Q2 EPS and sales results. The company also issued Q3 and FY19 guidance in line with analyst estimates."", ""JP Morgan Maintains Underweight on CoStar Group, Raises Price Target to $597"", ""JMP Securities Maintains Market Outperform on CoStar Group, Raises Price Target to $630"", ""Dow Left Out Of Market's Party As Boeing, Caterpillar Earnings Disappoint"", ""CoStar reports one of it's best financial quarter""]"
CSGP,2019-07-25,62.91,63.402,61.88,62.899,"[""CTG vs. CSGP: Which Stock Is the Better Value Option?"", ""Arizona State Retirement System Buys Dominion Energy Inc, DuPont de Nemours Inc, Duke Energy ..."", ""Arizona State Retirement System Buys Dominion Energy Inc, DuPont de Nemours Inc, Duke Energy ..."", ""CTG vs. CSGP: Which Stock Is the Better Value Option?"", ""Arizona State Retirement System Buys Dominion Energy Inc, DuPont de Nemours Inc, Duke Energy ..."", ""CTG vs. CSGP: Which Stock Is the Better Value Option?""]"
CSGP,2019-07-26,63.113,63.647,62.522,63.426,
CSGP,2019-07-29,63.042,63.816,62.857,63.042,"[""New Equities that Broke Through 52-Week Highs Monday Morning"", ""New Equities that Broke Through 52-Week Highs Monday Morning"", ""New Equities that Broke Through 52-Week Highs Monday Morning""]"
CSGP,2019-07-30,62.628,62.883,61.596,61.873,
CSGP,2019-07-31,62.018,62.065,61.0,61.54,
CSGP,2019-08-01,61.754,62.192,60.094,60.621,
CSGP,2019-08-02,60.55,60.55,59.4,59.876,
CSGP,2019-08-05,58.864,59.602,57.958,58.52,
CSGP,2019-08-06,58.922,59.872,58.922,59.474,
CSGP,2019-08-07,58.899,60.767,58.724,60.685,
CSGP,2019-08-08,61.051,62.992,60.886,62.892,
CSGP,2019-08-09,62.694,63.74,62.375,63.374,"CoStar Group Reaches Analyst Target Price In recent trading, shares of CoStar Group, Inc. (Symbol: CSGP) have crossed above the average analyst 12-month target price of $614.62, changing hands for $628.92/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 8 different analyst targets contributing to that average for CoStar Group, Inc., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $530.00. And then on the other side of the spectrum one analyst has a target as high as $650.00. The standard deviation is $40.879. But the whole reason to look at the average CSGP price target in the first place is to tap into a ""wisdom of crowds"" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with CSGP crossing above that average target price of $614.62/share, investors in CSGP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $614.62 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover CoStar Group, Inc.: The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on CSGP — FREE. The Top 25 Broker Analyst Picks of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2019-08-12,63.124,63.716,62.681,62.959,"[""Ashmore Wealth Management Llc Buys Fastenal Co, Westinghouse Air Brake Technologies Corp, Delta ..."", ""Ashmore Wealth Management Llc Buys Fastenal Co, Westinghouse Air Brake Technologies Corp, Delta ..."", ""Ashmore Wealth Management Llc Buys Fastenal Co, Westinghouse Air Brake Technologies Corp, Delta ...""]"
CSGP,2019-08-13,62.83,63.941,62.373,62.65,"[""Stocks That Hit 52-Week Highs On Tuesday"", ""Stocks That Hit 52-Week Highs On Tuesday"", ""Stocks That Hit 52-Week Highs On Tuesday""]"
CSGP,2019-08-14,61.711,61.998,59.643,60.003,"[""Commercial Real Estate Leader CoStar Joins This Index Before Breaking Out"", ""Commercial Real Estate Leader CoStar Joins This Index Before Breaking Out"", ""Commercial Real Estate Leader CoStar Joins This Index Before Breaking Out""]"
CSGP,2019-08-15,59.83,61.365,59.83,61.164,"[""SAIC vs. CSGP: Which Stock Is the Better Value Option?"", ""SAIC vs. CSGP: Which Stock Is the Better Value Option?"", ""SAIC vs. CSGP: Which Stock Is the Better Value Option?""]"
CSGP,2019-08-16,61.692,62.024,60.936,61.885,
CSGP,2019-08-19,61.765,62.982,61.748,61.782,
CSGP,2019-08-20,61.815,62.054,61.171,61.447,
CSGP,2019-08-21,61.867,62.691,61.666,62.134,"[""Barington Capital Group L P Buys PolyOne Corp, CoStar Group Inc, Outfront Media Inc, Sells ..."", ""Barington Capital Group L P Buys PolyOne Corp, CoStar Group Inc, Outfront Media Inc, Sells ..."", ""Barington Capital Group L P Buys PolyOne Corp, CoStar Group Inc, Outfront Media Inc, Sells ...""]"
CSGP,2019-08-22,62.282,62.67,61.197,61.603,
CSGP,2019-08-23,61.559,62.271,60.501,60.708,
CSGP,2019-08-26,61.522,61.791,60.722,61.772,
CSGP,2019-08-27,61.994,62.14,60.82,61.261,
CSGP,2019-08-28,60.767,61.525,60.5,61.242,
CSGP,2019-08-29,62.065,62.132,61.374,61.41,
CSGP,2019-08-30,61.615,61.636,60.366,61.487,
CSGP,2019-09-03,61.055,61.941,60.722,61.185,
CSGP,2019-09-04,61.78,61.78,60.879,61.415,
CSGP,2019-09-05,61.66,62.242,60.726,61.319,"[""Chaikin Analytics' Dan Russo: This Unique Bond Rally Play Has Lots Of Upside"", ""Chaikin Analytics' Dan Russo: This Unique Bond Rally Play Has Lots Of Upside"", ""Chaikin Analytics' Dan Russo: This Unique Bond Rally Play Has Lots Of Upside""]"
CSGP,2019-09-06,61.638,62.497,61.281,61.601,
CSGP,2019-09-09,61.795,62.151,57.712,57.87,
CSGP,2019-09-10,57.451,58.009,56.444,57.973,
CSGP,2019-09-11,58.237,58.27,56.124,57.125,"CoStar Group Becomes Oversold (CSGP) Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Wednesday, shares of CoStar Group, Inc. (Symbol: CSGP) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $561.2349 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 56.8. A bullish investor could look at CSGP's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CSGP shares: Looking at the chart above, CSGP's low point in its 52 week range is $315.85 per share, with $639.41 as the 52 week high point — that compares with a last trade of $571.25. Find out what 9 other oversold stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2019-09-12,57.525,58.733,57.271,58.367,
CSGP,2019-09-13,58.405,58.576,56.944,57.011,
CSGP,2019-09-16,56.744,58.03,56.561,57.956,
CSGP,2019-09-17,58.1,59.84,58.0,59.773,
CSGP,2019-09-18,59.639,59.639,58.255,59.109,"[""4 Outperforming Real Estate Companies With High Financial Strength"", ""4 Outperforming Real Estate Companies With High Financial Strength"", ""4 Outperforming Real Estate Companies With High Financial Strength""]"
CSGP,2019-09-19,59.096,60.159,58.901,59.861,"[""4 Real Estate Companies to Consider as Existing Home Sales Rise to \u20137-Month High"", ""4 Real Estate Companies to Consider as Existing Home Sales Rise to \u20137-Month High"", ""4 Real Estate Companies to Consider as Existing Home Sales Rise to \u20137-Month High""]"
CSGP,2019-09-20,59.475,60.073,59.106,59.5,
CSGP,2019-09-23,59.621,59.852,58.866,59.5,
CSGP,2019-09-24,59.495,59.913,58.329,58.677,
CSGP,2019-09-25,59.067,59.975,58.204,59.506,"[""4 Outperforming Real Estate Companies With High Financial Strength"", ""4 Outperforming Real Estate Companies With High Financial Strength"", ""4 Outperforming Real Estate Companies With High Financial Strength""]"
CSGP,2019-09-26,59.254,59.82,58.242,59.458,
CSGP,2019-09-27,59.51,59.8,57.221,57.628,
CSGP,2019-09-30,57.783,59.752,57.624,59.32,
CSGP,2019-10-01,59.04,60.729,58.961,59.715,"[""CoStar Group eyes acquisition of hotel data firm"", ""CoStar Group eyes acquisition of hotel data firm"", ""CoStar Group Intends To Buy STR For $450 Mln In Cash - Quick Facts (RTTNews) - CoStar Group, Inc. (CSGP) the leading provider of commercial real estate information, analytics and online marketplaces, announced Tuesday that it plans to acquire STR for $450 million in cash, subject to adjustments in the definitive agreements. The transaction is expected to close in the fourth quarter of 2019, subject to customary closing conditions. STR is a global leader in benchmarking & analytics for the hospitality industry. STR aggregates data from over 65,000 hotels worldwide, representing nearly nine million guest rooms in over 180 countries. The transaction will enable CoStar to provide comprehensive and precise data and analytics on the $3 trillion hotel commercial real estate asset class. CoStar expects that STR will contribute between $3 million to $4 million in revenue in the fourth quarter of 2019, and to be slightly dilutive on an adjusted net income per share basis in the fourth quarter of 2019. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group eyes acquisition of hotel data firm""]"
CSGP,2019-10-02,59.388,59.391,58.194,58.715,
CSGP,2019-10-03,58.633,59.374,57.852,59.138,
CSGP,2019-10-04,59.434,59.685,58.476,58.624,
CSGP,2019-10-07,58.452,60.085,57.748,59.22,"[""CoStar Group Is A Prime Real Estate Stock On Sale"", ""Top-Rated Costar Near Buy Zone Ahead Of Earnings"", ""Lederer & Associates Investment Counsel Buys Chubb, CoStar Group Inc, Ulta Beauty Inc, ..."", ""Lederer & Associates Investment Counsel Buys Chubb, CoStar Group Inc, Ulta Beauty Inc, ..."", ""Top-Rated Costar Near Buy Zone Ahead Of Earnings"", ""CoStar Group Is A Prime Real Estate Stock On Sale"", ""Lederer & Associates Investment Counsel Buys Chubb, CoStar Group Inc, Ulta Beauty Inc, ..."", ""Top-Rated Costar Near Buy Zone Ahead Of Earnings"", ""CoStar Group Is A Prime Real Estate Stock On Sale""]"
CSGP,2019-10-08,59.51,59.51,57.573,57.789,"[""The Best Large-Cap Stocks To Buy Now"", ""The Best Large-Cap Stocks To Buy Now"", ""The Best Large-Cap Stocks To Buy Now""]"
CSGP,2019-10-09,58.12,60.193,57.664,60.032,
CSGP,2019-10-10,59.831,60.531,59.479,60.188,
CSGP,2019-10-11,60.865,62.354,60.771,61.412,
CSGP,2019-10-14,61.4,61.79,59.84,60.074,"[""Stocks To Watch Ahead Of Earnings: Costar"", ""Stocks To Watch Ahead Of Earnings: Costar"", ""Stocks To Watch Ahead Of Earnings: Costar""]"
CSGP,2019-10-15,60.382,60.401,59.643,60.014,
CSGP,2019-10-16,59.947,59.947,57.866,59.0,"[""The Top Large-Cap Stocks To Buy This Week"", ""The Top Large-Cap Stocks To Buy This Week"", ""The Top Large-Cap Stocks To Buy This Week""]"
CSGP,2019-10-17,59.563,60.196,58.595,58.64,
CSGP,2019-10-18,58.731,59.13,57.984,58.812,
CSGP,2019-10-21,58.745,59.397,58.234,58.921,"[""CoStar Group Q3 2019 Earnings Preview"", ""Stocks To Watch Ahead Of Earnings: Costar"", ""Technology Stock Q3 Earnings Due on Oct 22: TXN, SNAP & More"", ""Notable earnings after Tuesday's close"", ""B. Riley Maintains Buy on CoStar Group, Raises Price Target to $640"", ""B. Riley Maintains Buy on CoStar Group, Raises Price Target to $640"", ""CoStar Group Q3 2019 Earnings Preview"", ""Notable earnings after Tuesday's close"", ""Stocks To Watch Ahead Of Earnings: Costar"", ""Technology Stock Q3 Earnings Due on Oct 22: TXN, SNAP & More"", ""B. Riley Maintains Buy on CoStar Group, Raises Price Target to $640"", ""CoStar Group Q3 2019 Earnings Preview"", ""Notable earnings after Tuesday's close"", ""Stocks To Watch Ahead Of Earnings: Costar"", ""Technology Stock Q3 Earnings Due on Oct 22: TXN, SNAP & More""]"
CSGP,2019-10-22,59.364,60.148,57.038,57.263,"[""CoStar Group, Inc. (CSGP) CEO Andy Florance on Q3 2019 Results - Earnings Call Transcript"", ""CoStar Group EPS beats by $0.09, revenue in-line"", ""CoStar Group Q3 EPS $2.61 Beats $2.52 Estimate, Sales $352.808M Miss $353.23M Estimate"", ""CoStar Group Q3 EPS $2.61 Beats $2.52 Estimate, Sales $352.808M Miss $353.23M Estimate"", ""CoStar Group, Inc. (CSGP) CEO Andy Florance on Q3 2019 Results - Earnings Call Transcript"", ""CoStar Group EPS beats by $0.09, revenue in-line"", ""CoStar Group Q3 EPS $2.61 Beats $2.52 Estimate, Sales $352.808M Miss $353.23M Estimate"", ""CoStar Group, Inc. (CSGP) CEO Andy Florance on Q3 2019 Results - Earnings Call Transcript"", ""CoStar Group EPS beats by $0.09, revenue in-line""]"
CSGP,2019-10-23,53.2,56.765,51.003,56.673,"[""PB Bancorp leads financial gainers; Evercore and FirstService among losers"", ""PB Bancorp leads financial gainers; Evercore and FirstService among losers"", ""PB Bancorp leads financial gainers; Evercore and FirstService among losers""]"
CSGP,2019-10-24,56.629,57.455,54.849,56.936,"Peek Under The Hood: OQAL Has 10% Upside Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco Russell 1000—Quality Factor ETF (Symbol: OQAL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $32.45 per unit. With OQAL trading at a recent price near $29.38 per unit, that means that analysts see 10.44% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of OQAL's underlying holdings with notable upside to their analyst target prices are Host Hotels & Resorts Inc (Symbol: HST), CoStar Group, Inc. (Symbol: CSGP), and NIKE Inc (Symbol: NKE). Although HST has traded at a recent price of $16.85/share, the average analyst target is 14.12% higher at $19.23/share. Similarly, CSGP has 11.63% upside from the recent share price of $566.73 if the average analyst target price of $632.62/share is reached, and analysts on average are expecting NKE to reach a target price of $102.57/share, which is 11.10% above the recent price of $92.32. Below is a twelve month price history chart comparing the stock performance of HST, CSGP, and NKE: Below is a summary table of the current analyst target prices discussed above: Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2019-10-25,57.078,57.513,56.268,56.494,
CSGP,2019-10-28,56.674,57.134,55.551,55.816,
CSGP,2019-10-29,55.537,56.435,55.15,55.476,
CSGP,2019-10-30,55.625,56.163,54.912,55.004,
CSGP,2019-10-31,54.965,55.538,54.428,54.952,
CSGP,2019-11-01,55.338,55.697,54.408,54.812,
CSGP,2019-11-04,55.137,55.2,54.241,54.357,"[""New Strong Sell Stocks for November 4th"", ""New Strong Sell Stocks for November 4th"", ""CoStar Group is Now Oversold (CSGP) Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Monday, shares of CoStar Group, Inc. (Symbol: CSGP) entered into oversold territory, hitting an RSI reading of 28.8, after changing hands as low as $542.41 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 65.2. A bullish investor could look at CSGP's 28.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CSGP shares: Looking at the chart above, CSGP's low point in its 52 week range is $315.85 per share, with $639.41 as the 52 week high point \u2014 that compares with a last trade of $543.57. Find out what 9 other oversold stocks you need to know about \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""New Strong Sell Stocks for November 4th""]"
CSGP,2019-11-05,54.428,56.0,54.018,55.478,
CSGP,2019-11-06,55.142,55.571,54.603,55.115,
CSGP,2019-11-07,55.057,55.382,54.471,54.584,
CSGP,2019-11-08,54.521,55.128,54.408,54.931,
CSGP,2019-11-11,54.9,56.083,54.9,55.771,"[""Ron Baron Comments on CoStar Group"", ""Ron Baron's Baron Partners Fund 'rd-Quarter Shareholder Letter"", ""Ron Baron Comments on CoStar Group"", ""Ron Baron's Baron Partners Fund 'rd-Quarter Shareholder Letter"", ""Ron Baron Comments on CoStar Group"", ""Ron Baron's Baron Partners Fund 'rd-Quarter Shareholder Letter""]"
CSGP,2019-11-12,55.843,56.519,55.65,56.234,
CSGP,2019-11-13,56.049,56.618,55.716,56.477,"[""Ron Baron's Baron Growth Fund 'rd-Quarter Shareholder Letter"", ""Ashmore Wealth Management Llc Buys Pluralsight Inc, CoStar Group Inc, Insperity Inc, Sells ..."", ""Ron Baron's Baron Growth Fund 'rd-Quarter Shareholder Letter"", ""Ashmore Wealth Management Llc Buys Pluralsight Inc, CoStar Group Inc, Insperity Inc, Sells ..."", ""Ron Baron's Baron Growth Fund 'rd-Quarter Shareholder Letter"", ""Ashmore Wealth Management Llc Buys Pluralsight Inc, CoStar Group Inc, Insperity Inc, Sells ...""]"
CSGP,2019-11-14,56.469,57.085,55.996,56.888,
CSGP,2019-11-15,57.177,58.377,56.77,58.323,"[""Gunderson Capital Management Inc. Buys Charter Communications Inc, CoStar Group Inc, Alibaba ..."", ""Gunderson Capital Management Inc. Buys Charter Communications Inc, CoStar Group Inc, Alibaba ..."", ""Gunderson Capital Management Inc. Buys Charter Communications Inc, CoStar Group Inc, Alibaba ...""]"
CSGP,2019-11-18,58.092,60.104,58.092,59.701,"[""Ron Baron's Baron Focused Growth Fund 'rd-Quarter Shareholder Letter"", ""Ron Baron's Baron Focused Growth Fund Comments on CoStar Group"", ""Ron Baron's Baron Focused Growth Fund Comments on CoStar Group"", ""Ron Baron's Baron Focused Growth Fund 'rd-Quarter Shareholder Letter"", ""Ron Baron's Baron Focused Growth Fund Comments on CoStar Group"", ""Ron Baron's Baron Focused Growth Fund 'rd-Quarter Shareholder Letter""]"
CSGP,2019-11-19,59.16,59.645,58.318,59.07,"[""Costar Shows Market Leadership With Jump To 92 RS Rating"", ""Costar Shows Market Leadership With Jump To 92 RS Rating"", ""Costar Shows Market Leadership With Jump To 92 RS Rating""]"
CSGP,2019-11-20,58.588,59.919,58.588,59.452,
CSGP,2019-11-21,59.435,59.841,58.296,58.692,
CSGP,2019-11-22,58.65,59.793,58.65,59.062,"[""Jefferies Initiates Coverage On CoStar Group with Hold Rating, Announces $601 Price Target"", ""Benzinga's Top Upgrades, Downgrades For November 22, 2019"", ""Benzinga's Top Upgrades, Downgrades For November 22, 2019"", ""Jefferies Initiates Coverage On CoStar Group with Hold Rating, Announces $601 Price Target"", ""Benzinga's Top Upgrades, Downgrades For November 22, 2019"", ""Jefferies Initiates Coverage On CoStar Group with Hold Rating, Announces $601 Price Target""]"
CSGP,2019-11-25,59.336,60.958,59.297,60.815,
CSGP,2019-11-26,61.027,61.907,61.027,61.739,"[""SAIC vs. CSGP: Which Stock Is the Better Value Option?"", ""SAIC vs. CSGP: Which Stock Is the Better Value Option?"", ""SAIC vs. CSGP: Which Stock Is the Better Value Option?""]"
CSGP,2019-11-27,61.798,61.98,60.927,61.717,
CSGP,2019-11-29,61.73,61.772,61.088,61.286,
CSGP,2019-12-02,61.146,61.369,59.978,60.271,
CSGP,2019-12-03,59.625,60.2,59.0,59.263,
CSGP,2019-12-04,59.304,59.848,58.581,58.598,
CSGP,2019-12-05,58.709,59.475,58.709,59.129,"Commit To Buy CoStar Group At $510, Earn 6.1% Annualized Using Options Investors eyeing a purchase of CoStar Group, Inc. (Symbol: CSGP) shares, but cautious about paying the going market price of $591.02/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July 2020 put at the $510 strike, which has a bid at the time of this writing of $19.20. Collecting that bid as the premium represents a 3.8% return against the $510 commitment, or a 6.1% annualized rate of return (at Stock Options Channel we call this the YieldBoost). Selling a put does not give an investor access to CSGP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $510 strike if doing so produced a better outcome than selling at the going market price. (Do options carry counterparty risk? This and six other common options myths debunked). So unless CoStar Group, Inc. sees its shares fall 13.7% and the contract is exercised (resulting in a cost basis of $490.80 per share before broker commissions, subtracting the $19.20 from $510), the only upside to the put seller is from collecting that premium for the 6.1% annualized rate of return. Below is a chart showing the trailing twelve month trading history for CoStar Group, Inc., and highlighting in green where the $510 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the July 2020 put at the $510 strike for the 6.1% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for CoStar Group, Inc. (considering the last 251 trading day closing values as well as today's price of $591.02) to be 28%. For other put options contract ideas at the various different available expirations, visit the CSGP Stock Options page of StockOptionsChannel.com. In mid-afternoon trading on Thursday, the put volume among S&P 500 components was 1.22M contracts, with call volume at 1.22M, for a put:call ratio of 0.74 so far for the day, which is above normal compared to the long-term median put:call ratio of .65. In other words, if we look at the number of call buyers and then use the long-term median to project the number of put buyers we'd expect to see, we're actually seeing more put buyers than expected out there in options trading so far today. Find out which 15 call and put options traders are talking about today. Top YieldBoost Puts of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2019-12-06,59.689,60.387,58.9,59.088,"[""' High Quality Stocks for the Value Investor"", ""' High Quality Stocks for the Value Investor"", ""' High Quality Stocks for the Value Investor""]"
CSGP,2019-12-09,58.953,59.609,58.892,59.492,"10 Stocks With Little or No Debt to Own for the Next 50 Years Surf the net and you’ll find lots of stories about the best stocks to own. Some will be for the next year, five years, or even 10 years. Very few, however, will offer up ideas for the next half-century. In part, that’s because investing today has become a “What have you done for me lately?” kind of business. Also, because so many companies have disappeared over the years, it’s futile to guess who’s going to stick around. The had a tenure of 33 years in 1965. In 1990, that dropped to 20 years. By 2026, it’s forecast to fall to 14 years. In other words, the odds of you winning the lottery is almost as good as owning a stock that remains publicly traded for 50 consecutive years. Nonetheless, I’ve decided to give myself this challenge. The 10 stocks to own on my list have very little debt, a market cap greater than $10 billion, and sector-wise provide a reasonably diversified portfolio. Linde (LIN) Source: Shutterstock Linde (NYSE:), the UK-based supplier of industrial gases, has a total return of 32.2% year to date through Dec. 4. In October 2018, Linde and U.S.-based Praxair completed their of equals that created one the world’s largest supplier of industrial gases with annual revenues of $28 billion and 80,000 employees around the world. The deal vaulted it ahead of Air Liquide (OTCMKTS:), the French provider of industrial gases. In the third quarter ended Sept. 30, Linde had an operating profit of $1 billion on revenue of $7 billion. Despite the $90 billion merger, Linde finished the quarter with just for a debt-to-equity ratio of 23%. Linde was able to sidestep the debt issue by doing an all-stock deal with Praxair. Linde shareholders received 1.54 shares in the newly combined company for every share held. Praxair shareholders received one share of the combined company for every share held. I would expect Linde to deliver double-digit annual returns for years to come. Lululemon (LULU) Source: Richard Frazier / Shutterstock.com Lululemon (NASDAQ:), the popular apparel brand that got its start making comfortable yoga pants for customers, has a total return of 90.5% year to date. This isn’t the first time I’ve included LULU stock in a list of long-term holds. In August 2016, I argued that LULU would be one of the over the next decade. Three years in, it’s living up to the promise. As Forbes contributor Sergei Klebnikov recently pointed out, Lululemon has benefited from through its own network of stores rather than selling its products wholesale to department stores and other third-party retailers. Between its healthy women’s business, a growing men’s business, an e-commerce segment that’s also rapidly growing, and its Asian stores selling its product like hotcakes, it’s easy to understand why it’s putting the rest of retail to shame. Hormel (HRL) Source: Hormel (NYSE:) is a food company focused on protein-based products, including the Hormel, Spam, Dinty Moore and Skippy Brands. Hormel stock isn’t lighting it up in 2019. It’s got a total return of just 6.3% year to date. While its 2019 return isn’t Lululemon-like, it has delivered consistent returns for its shareholders. Over the past decade, it has generated an annualized total return of 18%. On Nov. 25, Hormel announced its Q4 2019 report. For the year, Hormel had an from $9.5 billion for an operating margin of 12.6%. Long-term, it expects to grow pre-tax earnings by 5-7% annually. At the same time it released earnings, Hormel also announced an 11% dividend increase to 93 cents a share. That’s the 54th consecutive year HRL has increased its dividend and the 11th consecutive year it has increased its dividend by 10% or more. It might not be the most exciting stock to own, but it surely is one of the most consistent. CoStar Group (CSGP) Source: Casimiro PT / Shutterstock.com If you’re familiar with CoStar Group (NASDAQ:), you know there’s money to be made with information. Specifically, CoStar makes money by providing the most comprehensive database of real estate information in the country. By being the best information provider around, CoStar shareholders have done very well in 2019 with a year-to-date total return of almost 75%. Over the past 15 years, CSGP has generated an annualized total return of 18.8%, double the total U.S. market. Recently, , a data analytics company that specializes in hotel information, for $450 million. With only $64 million in annual revenue, CoStar expects to grow STR by 20% annually by helping bring products to the market faster. As AI, machine learning, and data analytics become a regular part of business, expect CoStar to continue to grow at a considerable rate. Intuitive Surgical (ISRG) Source: michelmond / Shutterstock.com Intuitive Surgical (NASDAQ:) manufactures the da Vinci robotic surgical system that allows doctors to carry out minimally invasive surgeries for patients around the world. It’s installed almost 5,000 systems worldwide, with a majority sold to U.S. hospitals. However, the company’s international sales are multiplying. The systems aren’t cheap. That has allowed it to grow its revenues by 75% in the past four years. This has done wonders for ISRG stock, which has a nearly 22% total return year-to-date and 29.4% over the past 15 years. If there were a tech/healthcare stock that Berkshire Hathaway (NYSE:,NYSE:BRK.B) should have bought but didn’t, ISRG would be it. The company has a reasonably wide moat but continues to invest in research and development so that it stays ahead of its competition. In 2016, of its revenue on R&D. In 2020 it’s projected to spend 11.6%, a 30% increase over four years. Owning ISRG over the long haul is a slam dunk. Alexion Pharmaceuticals (ALXN) Source: Shutterstock Biotech stocks, especially those developing clinical-stage drugs, scare the heck out of me. They don’t make any money, but they spend several years and many millions or even billions getting the product approved. That’s a lot of power riding in the hands of a small panel of experts. As a shareholder, you have very little control over the process. That’s why it makes sense to invest in large biotech firms such as Alexion Pharmaceuticals (NASDAQ:), whose Soliris drug is used to prevent the breakdown of red blood cells in adults suffering from paroxysmal nocturnal hemoglobinuria and other related diseases. In the third quarter, Soliris had worldwide sales of , 12% higher than the same period a year earlier. Its successor drug, Ultomiris, is also doing well. As a result of this success, Alexion expects to make at least $10.25 per share in 2019 on a non-GAAP basis, significantly higher than its outlook at the beginning of the fiscal year. Up 15.7% year to date, expect bigger things from ALXN stock in 2020. Cummins (CMI) Source: I picked Cummins (NYSE:) because it has one of the healthiest balance sheets of any large-cap company in the industrial goods sector. Currently, the company’s total debt of $2.7 billion is just of its book value. By comparison, Caterpillar’s (NYSE:CAT) is of its book value. In October, I recommended CMI stock as one of “ Regardless of Q3 Earnings.” Although the maker of gas-powered generators doesn’t expect much sales growth in 2019, its EBITDA margin is likely to be 16.5% or more. As a result, you can be sure that it will have plenty of cash in the future to pay its generous dividend. Up 35.5% year-to-date, including dividends, it provides investors with an excellent balance between income and capital gains. Southwest Airlines (LUV) Source: Felipe_Sanchez / Shutterstock.com Over the past 52 weeks, airline stocks have generated a total return of -1.3%. Over the past five years, they’ve averaged an annualized total return of 3.3%. Slightly better but nothing to write home about. Meanwhile, Southwest Airlines (NYSE:), which sells tickets at reasonable prices and tends to rely on Boeing (NYSE:) aircraft for its fleet, beat its peers over the past year by 795 basis points and 376 basis points over the past five years. In April 2018, I recommended Southwest stock over Delta Airlines (NYSE:) because it’s a better operator in tough economic times. While a recession in 2020 doesn’t look likely, I don’t see how any of the airline stocks hold a candle to Southwest. In the nine months ended Sept. 30, Southwest had , which isn’t half bad in an extremely competitive travel market. Over the trailing 12 months, its FCF is close to record highs despite the issues facing the 737 Max that continue to keep a chunk of the airline’s fleet on the ground. It ought to be Warren Buffett’s , but it’s not. For Berkshire fans, that’s a shame. Alibaba Group (BABA) Source: Colin Hui / Shutterstock.com Jack Ma co-founded Alibaba Group (NYSE:) in 1999. It wasn’t easy getting China’s largest e-commerce company up and running. Somehow, the former teacher managed to push through. Today, Ma is the wealthiest person in China, worth an estimated . He’s been so successful — Alibaba’s 2019 revenues were $56.2 billion with $12 billion in net income and $15.6 billion in free cash flow — that he has stepped away from the business to focus all his efforts on his . Only 55, Ma has lots of causes to keep himself busy these days. Meanwhile, the company continues to expand into various businesses outside its e-commerce core. These include financial services and the cloud. And by no means are these businesses dalliances. “Alibaba first started its move into fintech in 2004 with the launch of AliPay. What started out as a simple way to secure online payments for Alibaba platform users has now expanded to become part of Ant Financial, the financial branch of Alibaba and the key to ,” InvestorPlace contributor Chris Markoch wrote last month. In October, I suggested that despite it being rangebound over the past two years. Since then, it’s up more than 20%. Year to date it’s up 47.6%. Long-term, this could be one of the best stocks to own over the next half-decade. Alphabet (GOOG, GOOGL) Source: rvlsoft / Shutterstock.com Google co-founders Larry Page and Sergei Brin announced Dec. 3 that they were stepping down from their executive positions at Alphabet (NASDAQ:, NASDAQ:GOOGL), the holding company for its search engine business as well as all the other bets it’s made over the past few years. , Google Fiber, Verily, Sidewalk Labs, and Calico are but a few. Now that Google CEO Sundar Pichai is taking over as Alphabet CEO, some see the changing of the guard as an opportunity for Alphabet to get out of some of the expensive so-called “moonshots” it has been working on the past few years. Money-losing experiments, to boot. Google stock rose 2% on the news Page and Brin were passing the baton. “The question is, will they continue to on these other bets? Under the new leadership, are they going to take a harder look at all of these businesses and start to try to focus more on ones that provide growth,” said Daniel Morgan, a portfolio manager at Synovus Trust Company, which owns Alphabet shares worth over $100-million. “That would add extra excitement about the stock.” Whether Pichai decides to unload some of the moonshots or not, Google still generates all of its in annual free cash flow from its advertising revenues. That’s not going to change. Google stock is up a respectable 33.3% year-to-date and 19.4% annually over the past five years. As long as it remains a leader in digital advertising, its stock remains worth owning for the next half-decade. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. The post appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2019-12-10,59.437,59.899,57.991,58.169,
CSGP,2019-12-11,58.074,58.522,57.234,58.057,4 Stocks to Play the Way Technology Is Changing Everything About Finance KBW points to real estate technology companies and electronic fixed-income trading companies.
CSGP,2019-12-12,58.0,58.503,56.663,56.824,
CSGP,2019-12-13,56.821,58.149,56.821,58.056,
CSGP,2019-12-16,58.05,59.5,58.05,58.937,
CSGP,2019-12-17,58.98,59.557,58.692,59.4,"[""Will Macerich's (MAC) Efforts Paint a Brighter Picture in 2020?"", ""Will Macerich's (MAC) Efforts Paint a Brighter Picture in 2020?"", ""Will Macerich's (MAC) Efforts Paint a Brighter Picture in 2020?""]"
CSGP,2019-12-18,59.626,59.885,57.937,58.58,
CSGP,2019-12-19,58.519,59.978,58.001,59.153,
CSGP,2019-12-20,59.318,60.622,58.976,60.437,
CSGP,2019-12-23,60.653,60.828,59.791,60.184,
CSGP,2019-12-24,60.143,60.157,59.258,60.027,
CSGP,2019-12-26,59.98,60.404,59.666,60.149,
CSGP,2019-12-27,60.29,60.742,59.502,59.859,
CSGP,2019-12-30,60.075,60.075,58.878,59.688,
CSGP,2019-12-31,59.426,60.088,59.018,59.83,
CSGP,2020-01-02,60.504,62.113,60.354,62.066,"[""Stephens & Co. Maintains Overweight on CoStar Group, Raises Price Target to $713"", ""Stephens & Co. Maintains Overweight on CoStar Group, Raises Price Target to $713"", ""Stephens & Co. Maintains Overweight on CoStar Group, Raises Price Target to $713""]"
CSGP,2020-01-03,61.542,62.678,61.362,62.62,
CSGP,2020-01-06,62.344,62.563,61.603,62.45,
CSGP,2020-01-07,62.565,62.736,61.831,62.003,
CSGP,2020-01-08,62.131,62.865,61.87,62.538,
CSGP,2020-01-09,62.943,63.7,62.7,62.969,
CSGP,2020-01-10,63.462,64.732,62.99,64.513,"[""Real Estate Earnings Estimates And Revisions"", ""Real Estate Earnings Estimates And Revisions"", ""Why CoStar Group Stock Soared 77% in 2019 What happened Shares of CoStar Group (NASDAQ: CSGP), which provides data and marketing services to the multifamily and commercial real estate industry, rocketed 77.4% in 2019, according to data from S&P Global Market Intelligence. That performance made it one of the year's better-performing large-cap tech stocks. For context, the S&P 500 index returned 31.5% in 2019. CoStar stock is a superstar so far in 2020: It's up 7.9% through Jan. 10, compared with the S&P 500's 1.1% return. Image source: Getty Images. So what We can attribute CoStar Group's strong 2019 stock rise to its robust financial performance and investor optimism about its future. In the company's most recently reported quarter, the third quarter, its revenue jumped 15% year over year to $306 million. Under generally accepted accounting principles (GAAP), net income rose 18% to $79 million, which translated to a 20% rise in earnings per share (EPS) to $2.15. On an adjusted basis, net income jumped 22% to $96 million, which translated to a 21% increase in EPS to $2.61. That result beat Wall Street's $2.52 consensus estimate. In October, CoStar completed its acquisition of STR Inc. and STR Global for approximately $450 million in cash. This acquisition expands the company's reach into the hospitality services industry. Here's what founder and CEO Andrew Florance had to say in the earnings release: We continue to deliver excellent results as we generated Companywide net new bookings of $50 million in the third quarter, an increase of 27% year over year. ... We are also very pleased with the continued growth of Apartments.com, which generated 20% year-over-year revenue growth in the third quarter of 2019 and is now at an annual revenue run rate of over $500 million. CoStar stock isn't just a one-year wonder, it's been a long-term winner, as this 10-year chart shows: Data by YCharts. Now what Investors should be getting material news next month. While CoStar hasn't yet scheduled a date for the release of its fourth-quarter and full-year 2019 results, they should come out sometime in late February. For the full year, Wall Street is expecting adjusted EPS of $9.99 on revenue of $1.39 billion, representing growth of 20.7% and 16.5%, respectively, year over year. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Real Estate Earnings Estimates And Revisions""]"
CSGP,2020-01-13,64.55,64.891,64.102,64.274,"CSGP Crosses Above Average Analyst Target In recent trading, shares of CoStar Group, Inc. (Symbol: CSGP) have crossed above the average analyst 12-month target price of $636.78, changing hands for $645.13/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 9 different analyst targets contributing to that average for CoStar Group, Inc., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $597.00. And then on the other side of the spectrum one analyst has a target as high as $713.00. The standard deviation is $36.41. But the whole reason to look at the average CSGP price target in the first place is to tap into a ""wisdom of crowds"" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with CSGP crossing above that average target price of $636.78/share, investors in CSGP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $636.78 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover CoStar Group, Inc.: RECENT CSGP ANALYST RATINGS BREAKDOWN » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 6 6 6 6 Buy ratings: 1 1 1 1 Hold ratings: 1 1 0 0 Sell ratings: 0 0 0 0 Strong sell ratings: 1 1 1 1 Average rating: 1.78 1.78 1.63 1.63 The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on CSGP — FREE. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-01-14,64.27,64.453,63.31,63.991,
CSGP,2020-01-15,63.988,65.462,63.988,64.899,"[""INFY vs. CSGP: Which Stock Is the Better Value Option?"", ""Citigroup Maintains Buy on CoStar Group, Raises Price Target to $750"", ""Stocks That Hit 52-Week Highs On Wednesday"", ""Stocks That Hit 52-Week Highs On Wednesday"", ""Citigroup Maintains Buy on CoStar Group, Raises Price Target to $750"", ""INFY vs. CSGP: Which Stock Is the Better Value Option?"", ""Stocks That Hit 52-Week Highs On Wednesday"", ""Citigroup Maintains Buy on CoStar Group, Raises Price Target to $750"", ""INFY vs. CSGP: Which Stock Is the Better Value Option?""]"
CSGP,2020-01-16,65.0,65.547,64.709,65.196,"[""5 Companies Hit 5\u2014-Week Highs"", ""Stocks That Hit 52-Week Highs On Thursday"", ""Stocks That Hit 52-Week Highs On Thursday"", ""5 Companies Hit 5\u2014-Week Highs"", ""Stocks That Hit 52-Week Highs On Thursday"", ""5 Companies Hit 5\u2014-Week Highs""]"
CSGP,2020-01-17,65.9,65.9,64.614,64.963,"[""Ron Baron's Baron Partners Fund Comments on CoStar Group"", ""Stocks That Hit 52-Week Highs On Friday"", ""Stocks That Hit 52-Week Highs On Friday"", ""Ron Baron's Baron Partners Fund Comments on CoStar Group"", ""Stocks That Hit 52-Week Highs On Friday"", ""Ron Baron's Baron Partners Fund Comments on CoStar Group""]"
CSGP,2020-01-21,64.831,66.149,64.812,66.038,
CSGP,2020-01-22,66.4,67.06,66.365,66.909,"[""Stocks That Hit 52-Week Highs On Wednesday"", ""Stocks That Hit 52-Week Highs On Wednesday"", ""Stocks That Hit 52-Week Highs On Wednesday""]"
CSGP,2020-01-23,66.333,66.375,64.448,64.641,
CSGP,2020-01-24,65.016,65.871,64.657,65.065,
CSGP,2020-01-27,64.14,65.475,63.946,65.248,
CSGP,2020-01-28,65.58,66.372,65.032,65.993,"[""American Assets Capital Advisers Buys CoStar Group Inc, CyrusOne Inc, Invitation Homes Inc, ..."", ""American Assets Capital Advisers Buys CoStar Group Inc, CyrusOne Inc, Invitation Homes Inc, ..."", ""American Assets Capital Advisers Buys CoStar Group Inc, CyrusOne Inc, Invitation Homes Inc, ...""]"
CSGP,2020-01-29,66.197,66.614,65.448,65.759,
CSGP,2020-01-30,65.26,66.194,65.26,66.002,
CSGP,2020-01-31,65.68,66.126,65.011,65.299,
CSGP,2020-02-03,65.848,66.892,65.703,65.981,
CSGP,2020-02-04,66.593,68.576,66.305,68.565,
CSGP,2020-02-05,69.39,69.923,66.362,66.546,"[""5 Red Hot Stocks That Drove Nasdaq ETF to New Highs"", ""Stocks That Hit 52-Week Highs On Wednesday"", ""Stocks That Hit 52-Week Highs On Wednesday"", ""5 Red Hot Stocks That Drove Nasdaq ETF to New Highs"", ""Stocks That Hit 52-Week Highs On Wednesday"", ""5 Red Hot Stocks That Drove Nasdaq ETF to New Highs""]"
CSGP,2020-02-06,66.79,68.099,66.468,66.652,
CSGP,2020-02-07,66.667,67.2,65.912,66.649,
CSGP,2020-02-10,66.589,67.342,66.345,67.251,
CSGP,2020-02-11,67.4,67.925,66.398,66.829,"CoStar Group To Acquire RentPath's Business For $588 Mln (RTTNews) - CoStar Group, Inc. (CSGP) said that it agreed to acquire RentPath's business for $588 million in cash, in connection with RentPath's recently announced Chapter 11 bankruptcy process. RentPath's primary service is digital marketing for rental properties through a network of Internet listing websites, including Rent.com, ApartmentGuide.com, Rentals.com and Lovely.com. RentPath is headquartered in Atlanta, Georgia and has approximately 770 employees. The closing of the transaction is subject to various conditions, including approval by the bankruptcy court and regulatory approval. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-02-12,70.499,74.67,69.501,74.012,"[""CoStar Group Agrees to Acquire RentPath from Chapter 11 Bankruptcy for $588M in Cash"", ""Stocks That Hit 52-Week Highs On Wednesday"", ""52 Stocks Moving In Wednesday's Mid-Day Session"", ""52 Stocks Moving In Wednesday's Mid-Day Session"", ""Stocks That Hit 52-Week Highs On Wednesday"", ""CoStar Group Agrees to Acquire RentPath from Chapter 11 Bankruptcy for $588M in Cash"", ""Financial Sector Update for 02/12/2020: CSGP,CIGI,CIGI.TO,NMIH,ETFC Top Financial Stocks JPM +0.01% BAC +0.30% WFC -0.28% C +0.32% USB -0.25% Financial stocks were hanging on for modest gains this afternoon, with the NYSE Financial Index rising 0.4% while the shares of financial companies in the S&P 500 were ahead 0.1%. The Philadelphia Housing Index was falling less than 0.1%. Among financial stocks moving on news: (+) CoStar Group (CSGP) earlier Wednesday raced almost 12% higher to a record high of $746.70 a share after the real estate services company announced its purchase of apartment-search firm RentPath out of Chapter 11 bankruptcy protection for $568 million in cash. CoStar is expecting the deal will be \""highly accretive\"" to its earnings once RentPath is fully integrated. The proposed transaction is subject to regulatory and bankruptcy court approvals, among other conditions. In other sector news: (+) Colliers International Group (CIGI) earlier climbed 5% to a best-ever $86.84 a share after the Canadian real estate services company reported non-GAAP Q4 net income of $2.01, up from $1.77 per share during the same quarter last year and beating the Capital IQ consensus by $0.10 per share. (+) E*Trade Financial (ETFC) rose 1% on Wednesday after the discount broker reported a 31% increase in new accounts at the end of January compared with the prior month, rising to 40,008 and boosting the overall number of accounts on Jan. 31 to nearly 7.27 million, up 1% and 4% over the prior month and year-ago levels, respectively. Total customer assets grew 24% year-over-year to $691.7 billion, the company said. (-) NMI Holdings Inc (NMIH) dropped 16.5% after the property and casualty insurer late Tuesday reported a 37.5% increase in Q4 revenue over year-ago levels, climbing to $104.9 million but narrowly trailing the $105.7 million, on average, expected by analysts polled by Capital IQ consensus. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Why CoStar Group Stock Just Popped 10% What happened Shares of commercial real estate data and analytics company CoStar Group (NASDAQ: CSGP) got a big lift this morning, rising more than 10% in early trading. The stock was still up about 9.6% as of 11:35 a.m. EST on Wednesday. The reason: CoStar announced Tuesday evening that it will purchase RentPath, an operator of rental property websites, out of Chapter 11 bankruptcy. Image source: Getty Images. So what CoStar will pay $588 million in cash to acquire RentPath's business, which includes the Rent.com, ApartmentGuide.com, and Rentals.com websites. The sites list approximately 28,000 properties and attracted 21 million monthly visits and almost 9 million monthly unique visitors in 2019. RentPath generated approximately $227 million in sales and $47 million in adjusted EBITDA last year. But as CoStar explained in its statement announcing the purchase, RentPath failed because its heavy debt load prevented it from making the necessary investments for the transition from paper booklets listing apartments to the web. Now what CoStar, with its $1.2 billion in net cash on the balance sheet and powerful cash-generating business ($413 million in free cash flow over the past year), has the money to make those needed investments, and combined with synergies with its own business, believes it can do better. Judging from today's price action, investors agree. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""52 Stocks Moving In Wednesday's Mid-Day Session"", ""Stocks That Hit 52-Week Highs On Wednesday"", ""CoStar Group Agrees to Acquire RentPath from Chapter 11 Bankruptcy for $588M in Cash""]"
CSGP,2020-02-13,73.971,73.987,72.74,72.98,"[""Agf Investments Inc. Buys Advanced Micro Devices Inc, Alibaba Group Holding, Roku Inc, Sells ..."", ""Costar Shows Market Leadership With Jump To 94 RS Rating"", ""60 Biggest Movers From Yesterday"", ""B. Riley FBR Maintains Buy on CoStar Group, Raises Price Target to $780"", ""10 Biggest Price Target Changes For Thursday"", ""10 Biggest Price Target Changes For Thursday"", ""B. Riley FBR Maintains Buy on CoStar Group, Raises Price Target to $780"", ""60 Biggest Movers From Yesterday"", ""Costar Shows Market Leadership With Jump To 94 RS Rating"", ""Agf Investments Inc. Buys Advanced Micro Devices Inc, Alibaba Group Holding, Roku Inc, Sells ..."", ""10 Biggest Price Target Changes For Thursday"", ""B. Riley FBR Maintains Buy on CoStar Group, Raises Price Target to $780"", ""60 Biggest Movers From Yesterday"", ""Costar Shows Market Leadership With Jump To 94 RS Rating"", ""Agf Investments Inc. Buys Advanced Micro Devices Inc, Alibaba Group Holding, Roku Inc, Sells ...""]"
CSGP,2020-02-14,73.327,73.449,72.188,73.137,"[""Akre Capital Management, LLC Buys CoStar Group Inc, Ansys Inc, Goosehead Insurance Inc, Sells ..."", ""Quantum Capital Management, LLC Buys Copart Inc, Aspen Technology Inc, CoStar Group Inc, Sells ..."", ""Citigroup Maintains Buy on CoStar Group, Raises Price Target to $840"", ""Citigroup Maintains Buy on CoStar Group, Raises Price Target to $840"", ""Quantum Capital Management, LLC Buys Copart Inc, Aspen Technology Inc, CoStar Group Inc, Sells ..."", ""Akre Capital Management, LLC Buys CoStar Group Inc, Ansys Inc, Goosehead Insurance Inc, Sells ..."", ""Citigroup Maintains Buy on CoStar Group, Raises Price Target to $840"", ""Quantum Capital Management, LLC Buys Copart Inc, Aspen Technology Inc, CoStar Group Inc, Sells ..."", ""Akre Capital Management, LLC Buys CoStar Group Inc, Ansys Inc, Goosehead Insurance Inc, Sells ...""]"
CSGP,2020-02-18,73.237,73.636,72.904,73.583,
CSGP,2020-02-19,73.964,74.495,73.367,73.786,
CSGP,2020-02-20,73.559,74.073,70.874,72.151,
CSGP,2020-02-21,71.903,72.315,70.97,71.624,
CSGP,2020-02-24,70.25,71.479,68.491,70.694,"[""Ron Baron Cuts CoStar, Vail Resorts"", ""Ron Baron Cuts CoStar, Vail Resorts"", ""Ron Baron Cuts CoStar, Vail Resorts""]"
CSGP,2020-02-25,71.131,71.591,69.227,69.825,"[""CoStar Group (CSGP) Tops Q4 Earnings and Revenue Estimates"", ""Earnings Scheduled For February 25, 2020"", ""CoStar Group Q4 EPS $2.82 Beats $2.62 Estimate, Sales $375M Beat $364.35M Estimate"", ""CoStar Group Sees FY20 Sales $1.650B-$1.665B Vs. $1.65B Est., EPS $10.20-$10.40 Vs. $10.37 Est.; Q1 Sales $387M-$392M Vs. $390.83M Est., EPS $2.25-$2.35 Vs. $2.56 Est."", ""CoStar Group Sees FY20 Sales $1.650B-$1.665B Vs. $1.65B Est., EPS $10.20-$10.40 Vs. $10.37 Est.; Q1 Sales $387M-$392M Vs. $390.83M Est., EPS $2.25-$2.35 Vs. $2.56 Est."", ""CoStar Group Q4 EPS $2.82 Beats $2.62 Estimate, Sales $375M Beat $364.35M Estimate"", ""Earnings Scheduled For February 25, 2020"", ""CoStar Group (CSGP) Tops Q4 Earnings and Revenue Estimates"", ""CoStar Group, Inc. Q4 adjusted earnings Beat Estimates (RTTNews) - CoStar Group, Inc. (CSGP) announced earnings for its fourth quarter that increased from last year. The company's bottom line came in at $88 million, or $2.39 per share. This compares with $84 million, or $2.29 per share, in last year's fourth quarter. Excluding items, CoStar Group, Inc. reported adjusted earnings of $103 million or $2.82 per share for the period. Analysts had expected the company to earn $2.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 22.5% to $375 million from $306 million last year. CoStar Group, Inc. earnings at a glance: -Earnings (Q4): $103 Mln. vs. $102 Mln. last year. -EPS (Q4): $2.82 vs. $2.81 last year. -Analysts Estimate: $2.62 -Revenue (Q4): $375 Mln vs. $306 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Q4 19 Earnings Conference Call At 5:00 PM ET (RTTNews) - CoStar Group, Inc. (CSGP) will host a conference call at 5:00 PM ET on February 25, 2020, to discuss Q4 19 earnings results. To access the live webcast, log on to investors.costargroup.com To listen to the call, dial (844) 721-7241 (US) or (409) 207-6955 (International), Access code 9109916. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Sees FY20 Sales $1.650B-$1.665B Vs. $1.65B Est., EPS $10.20-$10.40 Vs. $10.37 Est.; Q1 Sales $387M-$392M Vs. $390.83M Est., EPS $2.25-$2.35 Vs. $2.56 Est."", ""CoStar Group Q4 EPS $2.82 Beats $2.62 Estimate, Sales $375M Beat $364.35M Estimate"", ""Earnings Scheduled For February 25, 2020"", ""CoStar Group (CSGP) Tops Q4 Earnings and Revenue Estimates""]"
CSGP,2020-02-26,70.144,71.57,67.681,68.234,"[""Stephens & Co. Maintains Overweight on CoStar Group, Raises Price Target to $811"", ""JP Morgan Maintains Underweight on CoStar Group, Raises Price Target to $740"", ""JP Morgan Maintains Underweight on CoStar Group, Raises Price Target to $740"", ""Stephens & Co. Maintains Overweight on CoStar Group, Raises Price Target to $811"", ""Noteworthy Wednesday Option Activity: LNG, QRTEA, CSGP Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Cheniere Energy Inc. (Symbol: LNG), where a total of 12,399 contracts have traded so far, representing approximately 1.2 million underlying shares. That amounts to about 57% of LNG's average daily trading volume over the past month of 2.2 million shares. Particularly high volume was seen for the $52.50 strike put option expiring March 20, 2020, with 7,527 contracts trading so far today, representing approximately 752,700 underlying shares of LNG. Below is a chart showing LNG's trailing twelve month trading history, with the $52.50 strike highlighted in orange: Qurate Retail Inc (Symbol: QRTEA) options are showing a volume of 23,923 contracts thus far today. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 55.2% of QRTEA's average daily trading volume over the past month, of 4.3 million shares. Particularly high volume was seen for the $8 strike call option expiring March 20, 2020, with 21,953 contracts trading so far today, representing approximately 2.2 million underlying shares of QRTEA. Below is a chart showing QRTEA's trailing twelve month trading history, with the $8 strike highlighted in orange: And CoStar Group, Inc. (Symbol: CSGP) options are showing a volume of 1,538 contracts thus far today. That number of contracts represents approximately 153,800 underlying shares, working out to a sizeable 55.1% of CSGP's average daily trading volume over the past month, of 278,985 shares. Especially high volume was seen for the $590 strike call option expiring July 17, 2020, with 1,300 contracts trading so far today, representing approximately 130,000 underlying shares of CSGP. Below is a chart showing CSGP's trailing twelve month trading history, with the $590 strike highlighted in orange: For the various different available expirations for LNG options, QRTEA options, or CSGP options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, Inc. (CSGP) Q4 2019 Earnings Call Transcript Image source: The Motley Fool. CoStar Group, Inc. (NASDAQ: CSGP) Q4 2019 Earnings Call Feb 25, 2020, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by, and welcome to the CoStar Fourth Quarter Results Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer period and instructions will be given at that time. [Operator Instructions]. I would now like to turn the conference over to your host, Sarah Spray, Investor Relations for the CoStar Group. Please go ahead. Sarah Spray -- Investor Relations Thank you. Good evening and thank you all for joining us to discuss the fourth quarter and full year 2019 results for the CoStar Group. Before I turn the call over to Andy Florance, CoStar's CEO and Founder; and Scott Wheeler, our CFO, I would like to review the safe harbor statement which has some new language, so listen up. Certain portions of the discussion today may contain forward-looking statements, which involve many risks and uncertainties that can cause actual results to differ materially from such statements. Important factors that can cause actual results to differ include, but are not limited to those stated today in CoStar Group's press release issued earlier today and in our filings with the SEC, including our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, under the heading Risk Factors. All forward-looking statements are based on information available to CoStar on the date of this call. CoStar assumes no obligation to update these statements, whether as a result of new information, further events or otherwise. Reconciliation to the most directly comparable GAAP measure to the non-GAAP financial measures discussed on this call, including EBITDA, adjusted EBITDA, non-GAAP income and forward-looking non-GAAP guidance are shown in detail in our press release issued today, along with definitions for these terms. The press release is available on our website located at CoStar Group under Press Room. As a reminder, today's conference call is being webcast and the link is also available on our website under Investor Relations. Please refer to today's press release on how to replay this call. Over to you operator. No, sorry -- actually, what am I saying? Actually, I would like to now turn the call over to our CEO, Andy Florance. Andy? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thank you very much, Sarah. We are joined [Technical Issues]. Sarah Spray -- Investor Relations I am sorry. We are now turning over to Andy Florance who is the CEO. Apologize for the short delay. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thank you, Sarah. Good evening. Operator Sorry. This is the AT&T operator. We do not hear any sound. Sarah Spray -- Investor Relations I'm sorry. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Can you hear us? Sarah Spray -- Investor Relations Can you hear us now? Operator Yes. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Great. Sarah Spray -- Investor Relations Okay, please let's continue. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Okay, we'll get going here. So good evening and thank you for joining us in CoStar Group's fourth quarter and 2019 year-endearnings call I'm very pleased that CoStar continued to deliver outstanding growth throughout 2019. CoStar Group's total revenue grew 17% to $1.4 billion for 2019, adding $200 million of revenue in the full year. We generate strong double digit growth across all our primary businesses with multi-family leading the way with 21% year-over-year growth. Fourth quarter revenue of $375 million was up 19% over the fourth quarter of 2018. The fourth quarter includes results from STR for the first time, which contributed $9 million of revenue since our late October 2019 close. Net income for the year was $315 million, an increase of 32% over full year net income of 2018. Our adjusted EBITDA crossed over the $0.5 billion mark this year and reached $507 million, an increase of 21% over the full year of 2018 with adjusted EBITDA margins improving to 36%, a 110 basis points increase over adjusted EBITDA margins in 2018. If you like nice round numbers that you can remember long after the call, our fourth quarter revenue annualized was $1.5 billion and our fourth quarter EBITDA was $500 million or $500 million on $1.5 billion growing. We grew our earnings and profitability during the year, while continuing to invest for future growth. In 2019, we increased the size of our CoStar field sales force by 20% and added 40 new mid-market sales positions in Richmond for multi-family. We increased the level of spending in digital marketing later in the year to grow our traffic and the lead flow of Apartments.com. Our product teams completed new signature ad packages in LoopNet, as well as the new digital tools for small property owners in multifamily, both of which we start selling in the fourth quarter. The highlight metrics for 2019 and operations for CoStar Group were impressive. Users viewed 6.3 billion pages on Apartments.com, commercial real-estate professionals conducted 40 million searches on CoStar, potential tenants visited LoopNet 131 million times, our clients, our researchers and software teams added 2 billion pieces of new content to our database in 2019. Looking ahead to 2020, we continue to invest in future growth. We're focused on the huge opportunity in the Apartments marketplaces, as well as LoopNet and the massive commercial real-estate market place. We believe the addressable market for residential rental and commercial real-estate marketing alone is over 10 billion and we have a unique opportunity for growth in the early stages in these marketplaces. We are also focused on commercial real-estate hospitality, information, analytics and software services. In 2020, we're also embracing and accelerating our international growth opportunity. We had an excellent sales year in 2019, adding nearly 210 million of net new bookings for the year, an increase of 24% over 2018. In the fourth quarter alone, we added 52 million of net new bookings. Our efforts to build online marketplaces and commercial real-estate are certainly paying off with almost 62% of our sales in 2019 coming from Apartments.com, LoopNet and our other market places, a trend we can expect to continue into 2020. Our Apartments.com sales team had a remarkable year in 2019. Following the integration of the ForRent acquisition in 2018, the team was at full strength and focused on growing throughout 2019. As a result, we ended the year with net new bookings, up over 45%. Congratulations to Paige Forrest and the entire Apartments team on a great year. The fourth quarter was a particularly impressive sales quarter for LoopNet. Historically, the last quarter of the year has been the lowest seasonal quarter for share readvertising. In fact when we acquired LoopNet, the revenues typically fell in the fourth quarter. While today, revenues typically grow in the fourth quarter, over the past five years fourth quarter LoopNet bookings have dropped sequentially, an average of 43% for the third quarter bookings levels. That was certainly not the case this year. As part of our rebuild and launch of the LoopNet signature ad products, we rolled out a sales contest for the fourth quarter that resulted in LoopNet bookings growing 80% over the third quarter of 2019 LoopNet sales. LoopNet signature ads grew almost 500% over the same quarter the previous year. Obviously, this is an outstanding result. I believe this is only the beginning of the LoopNet growth opportunity ahead. Our LoopNet market place had the strongest year yet in 2019 and we expect LoopNet to be a significant contributor to our growth in 2020. LoopNet revenue was $150 million in 2019, growing 18% over full year 2018, with fourth quarter revenue growth reaching 20%. Our strategy of rebuilding and launching LoopNet as a pure online marketplace is working. According to Google Analytics, average monthly unique visitors to LoopNet network reached 6.1 million in 2019, an increase of 16% over 2018. We believe that LoopNet has approximately 20 times the monthly unique visitors of the second most trafficked sites. In 2019, we redesigned and launched our dramatically improved signature ads for office space for lease. They're similar to the high-end quality ads on Apartments.com. Signature ads sort to the top of the results set are larger than the standard ads and contain much more marketing content than to the standard ads. The signature ads are featured prominently across multiple CoStar Group's CRE marketplaces, information solutions and newsletters. We also retarget LoopNet visitors as they move across the web; it's coming out this quarter. Our signature ad diamond level delivers 24 times more impressions than our basic ad tier. The signature ads on LoopNet present very high quality architectural imagery, including photographs shot by our professional photographers, drone videos and 3D walk-throughs. Our marketing consultants curate and provide rich content for the signature ads. In some, the signature ad features dramatically expand the reach, frequency and brand impact of our clients' property marketing. We're now working on building out similar detailed ad packages for the retail, industrial land, multifamily and investment sales sectors which we will launch across the year. These advertisements provide exceptional value for owners of commercial properties that need to fill vacant space or sell a building. Remember that these buildings and the vacant space in them can be worth millions, hundreds of millions, and even billions of dollars. By using Google Analytics and tracking the IP addresses of end users searching on LoopNet, we can see that many, if not most of the largest companies across the US are regularly searching for space on LoopNet and then signing multi-million leases with our clients. For example, we can see users originating from Amazon IP addresses and from IP addresses of similar mega companies viewing properties on LoopNet and then in the ensuing months we see them purchase or lease those properties. In some cases, we see major tenants giving a property on LoopNet months before their tenant-rep brokers first view the property. That suggested the tenant is finding the property first and sharing it with their broker. This should not surprise anyone, because that's exactly how the process now works today in residential real-estate. We believe that this is a seismic shift in how owners effectively market commercial properties. An owner now needs an effective strategy to market their property directly to the tenant. Traditionally or historically in commercial real-estate, the broker built a short list of potential properties for a major tenant to consider, and then closely accompanied that tenant on that all so important tour of those perspective properties. Owners marketing efforts have focused on making sure they made that brokers shortlist. They spend billions each year to accomplish that. Now it appears tenants are building their own shortlist online by themselves on sites like LoopNet and the first tour of the property occurs virtually online on LoopNet. In many cases the tenant will spend dramatically more time exploring the property virtually online than they will spend physically touring it before they sign a lease. To be clear, tenants will continue to use brokers to represent them, but the marketing realities are shifting dramatically. These are huge industry changes. We have thousands of examples, suggesting that tenants now find their space on LoopNet. We saw Facebook IPs viewing six new locations repeatedly on LoopNet and then Facebook later signed an estimated 670 million lease deals on those properties. Similarly, PwC executed seven lease deals in properties they viewed on LoopNet with a value of approximately $145 million. And there are many other examples, including a single ad on LoopNet for an office business park in Pennsylvania where we can see six of its new tenants viewed the properties on LoopNet first before they signed a lease. We're investing a lot of effort into training our sales team on the best way to communicate the value of marketing on LoopNet. It's often a good idea to run a contest to get a sales force's attention. In the fourth quarter of 2019, we ran a LoopNet sales contest that delivered very strong results. Our field sales force shortly thereafter sold 5 times the number of signature ads value in Q4 than they did in the quarter prior year. A year ago our sales team was focused on selling relatively lower cost LoopNet listing plans to brokers. Now they're shifting their focus to selling much more significant placements to the owners of the properties who have so much more to win from a successful lease. When we acquired LoopNet, the marketing potential of LoopNet was an afterthought and non-differentiated ads were often given away for free or sold to brokers for as little as a few dollars a month. I believe the average ad was about $14 a month back in 2011. We still sell very affordable and effective basic ads to brokers, but with the very valuable signature ads, the average price point is averaging almost $3000 per month. To preserve the value and impact of a diamond or platinum signature ad, we capped the inventory to three or 10 respectively per sub-market. While this preserves their value, it also creates scarcity. As a result, we're seeing some owners make some significant, but we would argue very wise investments in the signature ads in high profile sub-markets for important buildings. The Durst Organization owns and manages a fantastic 750,000 square foot office property in the Times Square sub-market New York. They are currently marketing 470,000 square feet of really nice space there. They know that major tenants are searching for their next spare on LoopNet and that top brokers search for their tenant space on CoStar. Durst wants to make sure that they have the biggest, most prominent presence on the Internet for the best building in Times Square. They locked in one of three diamond ad slots in Times Square for $11,000 a month on a six month agreement. They've locked in a number of other slots for other great properties at similar price points. You have to stop and think about that, that price point is almost 1,000 times the old price point for lower quality, undifferentiated ads. But I would argue Durst knows exactly the value of effective leasing. Leasing that space on a 10-year deal could generate $300 million to $400 million of revenue for Durst. Would you invest $66,000 for an effective marketing solution that could bring you a $400 million deal. The price points we're seeing for commercial office space ads on LoopNet are now thousands of dollars above the price points we achieved on Apartments.com; that makes sense. Major apartment development and lease may sign leases with the value of $10 million whereas a major commercial lease is worth hundreds of millions. There is a company based in Australia that we admire called REA Group that provides a commercial property market place there. Their commercial and developer depths on subscriptions generated AUD134 million in 2019. I believe that's basically an equivalent of an Australian LoopNet. The US economy is approximately 15 times larger than Australia's. If you scale the REA commercial business pro rate, it implies a $1.3 billion addressable size of market in the US for LoopNet. Overall, we believe we are seeing clear evidence that LoopNet represents a multi-million growth opportunity. Our Apartments business delivered a stellar year, achieving 21% revenue growth in 2019, making this the fifth consecutive year of revenue growth over 20%. According to comScore, our apartments.com network had almost 650 million visits in 2019, a 22% increase over visits in '18. We averaged over 20 million monthly unique visitors to our sites in '19, an increase of 15%. During the second half of the year, Apartments.com moved ahead of the seller rentals and monthly unique visitors and continues to attract more visitors than Trulia rentals, rent.com, HotPads, Apartment List, StreetEasy, Apartment Guide, Zumper, RENTCafe, ApartmentRating's, Rentals.com and many others that compete for renters in this space. When we acquired Apartments.com in 2014, they and the industry were largely focused on selling advertising to large apartment communities with more than 120 units. That was a huge loss, because approximately 65% of renters were rents in properties that are in buildings with less than 120 units. The industry was missing 65% of the potential market. That strategy was an artifact of the old print world where your volume of ads were limited by the maximum number of pages glue could hold together in a book. Today Apartments.com does not rely on glue, so we focus on selling marketing services to all sizes of rental properties. There's three major ways in which we're doing this. First, we're building tools that enable an owner of a single rental or small apartment to buy via e-commerce ad placements and comprehensive digital leasing tools. Second, we're building a large Richmond based sales team focused on selling into the mid-market apartment opportunity and single rental opportunity. And finally, we are accelerating our investment in apartments marketing to lift awareness for Apartments.com across all of these segments, single, rental, mid-market and large. In the fourth quarter of 2019, we began beta testing our online renter tools, which are aimed at facilitating and improving the customer and landlord experience for leasing smaller apartment buildings and rental homes. Our new online leasing tools give landlords the ability to create a listing, perform credit and background checks, create an exchange and sign leases and provide a platform for deposits and rental payments. These tools are offered free to landlords, independent owners as a way to drive consumer adoption and build a national network for digital leasing. In addition, we offer the option to purchase an ad on Apartments.com, which provides better placement and twice the leads as a free basic listing does. We launched a full national roll-out on January 15, 2020. The uptake has been very encouraging. So far, we already have nearly 17,000 active users of the digital tools. 2,000 landlords have purchased ads via E-commerce and over 2,000 potential renters have completed online applications. This is excellent adoption when you consider that we've yet to launch in any of our news supporting advertising campaign. I'm really pleased with the headway we're making and look forward to keeping you posted on our progress throughout the year. Our Apartment field sales force is an excellent one, but is nowhere near large enough to sell into millions of rental units in properties that are smaller than 100 units. The current sales force is doing an excellent work generating huge revenue growth in the 100 unit plus world and we want them to keep doing that. We've just launched the mid-market sales team in Richmond with 40 sales people. They are prospecting and selling into communities that are small, mid-sized or large in contrast to the field sales teams that are selling into huge communities. In the first few months, this new sales team is doubling their sales production each month. At this point, 84% of the team has achieved their first sales and 100% of the 1st October class is now selling. Top producer Morgan Rogers delivered 6,000 of net new monthly sales last month, which is more than 90% that the field sales team was able to achieve in January. In total, the group has sold 200 property ads. The vast majority of those properties they've sold were into properties with less than 50 units. Once we have the vast majority of this mid-market groups selling at their full potential, we plan to grow the team indefinitely, so long as it remains a clear positive ROI. Back in October we announced that we'll be stepping-up our Apartments.com marketing spend by an incremental $100 million to a spend level of approximately $250 million in 2020. Over the past few months, our team RPA and Jeff Goldblum have been working hard to build our 2020 marketing program. The '20 campaign will clearly be our biggest ever. Our plan is to deliver 10 billion impressions and 800 million renter visits, a significant increase over the 6 billion impressions and 650 million renter visits we generated in 2019. The expanded campaign is expected to drive our unaided brand awareness higher over the long-term. We currently fluctuate in the low 30% range for unaided awareness when our media campaigns are running. Our goal is to reach over 40% unaided awareness this year and eventually 50% as we continue beyond 2020. Once again, we have Brad Bellflower, inventor of the Apartminternet played by Jeff Goldblum leading our Apartments.com campaign. We plan to double the investment in TV, launching in mid-March and stay on the air through November, reaching 95% of households with more frequency than ever. We rent 10,000 TV spots in '19 and we plan to run 20,000 spots in 2020. We will air in Prime Time, Premieres, Finale's and top rated sports events, including the Summer Olympics and the NFL. We will focus again on reaching the cord cutter audience with 3 times the video on-demand through YouTube, Hulu and other streaming services. This year we have selected 37 of the top local apartment markets to provide increased local presence media and focus. These are the markets with the most growth opportunity for Apartments.com. We plan to increase our exposure in these key markets by 50% and include custom market specific TV versions of our advertisements. We will create our biggest digital presence targeting 2 billion impressions through display advertising and retargeting an increased presence on social media, making sure we're there whenever renters are online. Our marketing message for the first half of the year will focus great lengths on apartments -- we'll be looking at the great lengths that Apartments.com goes to, to make sure that renters will find their greatest number of rental options on Apartments.com. With 40 million people having found their next place on apartments.com, the campaign establishes Apartments.com as the most popular site for renting an apartment. Beginning in July, we'll launch the second half of our 2020 campaign, which will be focused on our new online renter applications tools, which we rolled out nationwide in January. The message is one of simplicity, that you can now apply for a new home with a single click. In one commercial, a man is devastated because the love of his life has just dumped him and told him to move out. A tear rolls down his cheek and lands on his iPhone hitting the rent-now button on Apartments.com. With the tear driven click, he rents the perfect apartment as he moves in he finds the next real love of his life. Isn't life grand? In 2020, we expect to invest $110 million to $115 million in paid search, approximately twice the run rate of the spend in '19. We are focusing on specific neighborhoods and appearing 95% of time in the top positions in Google searches. We've seen the benefit this has brought us in terms of increased traffic share over the past few months of '19. We intend to maintain this spend over the year. This magnitude of investment to keywords is efficient for three reasons. First, with our massive branding campaign, renters recognize Apartments.com and are more likely to click on it driving our cost per click down comparatively. Secondly, we currently appear in the number one SEO position on 20,000 important apartment keywords 90% of the time. When renters see us in both top organic and top page placement, we believe they recognize us as an authority, resulting in 4 times not 2 times, the clicks you would expect from two placements. Finally, we have a large number of apartment advertisers who are effectively pulling their resources through Apartments.com in order to afford the very expensive best keywords on Google. Two weeks ago we announced our agreement to acquire RentPath from Chapter 11 bankruptcy. The transaction is subject to the customary closing conditions, regulatory review, as well as approval by the bankruptcy at court. We are in the early days of the process, which could last anywhere from three months to 12 months. I want to emphasize that we believe our acquisition of the RentPath business, especially our ability to invest in their product and marketing represents the best way forward for all stakeholders. As we discussed earlier, given its crippling debt burden, RentPath was simply not able to buy enough traffic from Google or to build a consumer marketing brand to give their sites a recognizable brand. Apartments.com, RentPath and Zillow all relied to one degree or another on Google to drive traffic to their websites. The price of many popular apartment rental key words or SEM has soared over the past two years, climbing several hundred percent. For example, in '18, the keyword for Downtown Los Angeles apartments could be purchased for $0.42. By 2020, it's reached $7.56 for an increase of 714%. Apartments.com has enough budget resources, continuing to invest in these keywords and spread the cost out across a large customer base. By contrast, RentPath was priced out and resorted to purchasing a volume of keywords such as apartments for rent under $500 in Los Angeles. Out of 33,000 apartments for rent in LA, the other one I found for under $500 was an upper bunk in a group house in South Central LA. That is not the market institutional apartment advertisers are trying to reach with their dollar. In addition, RentPath's number one supplier Google is also competing directly against them for the same business. In contrast, we believe that synergies, efficiencies and scale we could gain from the combination will make it possible to continue to sustain more advertising and marketing to build more brand awareness and in turn generate an increased flow of quality leads for all of our customers. It's important to building enough scale, that we can build more direct traffic to our sites that are not subject to Google price increases. From where we stand today, the proposed timeline is not changed versus two weeks ago and we look forward to being able to welcome the RentPath websites and their team to CoStar before the end of 2020. RentPath has an excellent field sales team led by Arlene Mayfield. They've earned our respect as a very capable group of competitors with great relationships in the industry. As we grow our sales force to meet the opportunities we have in LoopNet, the Apartments, BizBuySell, LandsofAmerica and other marketplaces, we look forward to joining with them and the rest of the RentPath team as colleagues. This quarter we released a great new feature in CoStar that makes public record data on 33 million properties accessible through CoStar. This enables our users to see raw data on virtually every commercially zoned parcel in the US. They can search the public record data directly and see the record ownership, loan, valuation, data zoning and more. In total there are 150 attributes. The public record date is connected to the CoStar data on the same properties, making it convenient to cross reference the information. In the second quarter, we plan to add the ability to search lenders and their loan activity. In the third quarter, we'll integrate state corporation data to allow users to research who the people are behind the companies that own these properties. In the fourth quarter we'll have permit, planning, and in lean searches. This will allow users to monitor who is building the new properties, who is renovating and which companies are moving into new facilities or expanding. These features will be provided to our customers at no extra charge in order to enhance the value of our products, extend the reach of CoStar to more customers and renew more business. Since closing the acquisition of STR in October, I'm more positive than ever that STR and CoStar together can create significant value for all partnered participants in the hospitality sector and in the part of commercial real-estate that focuses on hospitality. We've had an overwhelmingly positive reaction from customers of both STR and CoStar. The STR customers recognize the technology and integrate product expertise that CoStar can bring and the CoStar multi-family customers would love to see STR create bench-marking products for the apartment industry. In addition, brokers, developers, lenders, appraisers and local government are excited about having access to high quality hospitality statistics within CoStar. It's great to see such a positive response, which further confirms our rationale for combining these two businesses. I'm also delighted by the enthusiasm and dedication of the STR team. Amanda Hite, CEO of STR told me recently that the reaction of her staff has been ecstatic and that they are all very confident about their future in the CoStar family. We are ecstatic as well. Combine the data and technology of STR with the data analytics and software from CoStar is one of our biggest development projects and priorities for 2020. We're working hard on completing the technology integration by the end of 2020, which will position us to focus on growing the combined business, which we believe is a potential $500 million addressable market, as outlined when we announced the acquisition four months ago. Finally, I'll conclude by reviewing where we stand in the commercial real-estate economy. Total investment to commercial and multi-family real-estate set a new record in '19, topping 650 billion for the first time. Fundamentals remain very healthy as well, with vacancy rates near record lows with limited construction. Despite the lack of space available though, leasing activity continues to rise and all property types posted rent gains for a 10th consecutive year, although the pace of rent gains has slowed slightly. In the multi-family sector elevated supply continues to meet with strong demand, both from renters and investors. The sector set a new record with nearly $190 billion investments in 2019 and the multi-family vacancy rate held steady at just above 6%. Many of these renters would likely have been home buyers in another time. Today, those single family home construction remains at very low levels relative to population, and urban apartment development has largely replaced the suburban subdivision as the new model of American housing. At present, we're tracking about 630,000 new apartment units under construction. We believe that most of these units, as well as the 330,000 units that delivered last year will be advertised on Apartments.com. In the office sector, large tech occupiers continue the lease large blocks of space despite single digit vacancy rates and limited new supply. However, the developments under way is largely concentrated in markets long considered to be supply constrained like New York, San Francisco, Boston, and Washington DC. In these markets, new office developments have fundamentally shifted the geography of office demand with major tenants leaving aging space and traditional CBDs for new space in Hudson Yards, the Boston Seaport, South of Market in San Francisco, and the Capital River front to say nothing of National Landing in Washington, DC. In the industrial sector, demand slowed in '19, but mostly because so little space is currently available. The vacancy rates rose over the year, but to just 5%, which is extremely low. Despite the ultra-low vacancies, leasing actually picked up, anticipating the coming wave of supply. Rent growth slowed, but at 5% it's still really strong, and investments set a new record at more than $120 billion. In the retail sector, gloomy headlines obscure the reality that retail vacancy rates are at historic lows and rents are rising in most markets. The wave of urban apartment development in markets large and small has left many downtown areas under retailed, relative to growing populations and in need of grocery stores and pharmacies to say nothing of restaurants and bars. The little supply is under way and some markets are even seeing a net reduction space as the front big boxes or malls are repurposed. Economic conditions support ongoing commercial and multi-family real-estate activity at similar levels. Economic uncertainty, particularly around trade, the coronavirus, and the 2020 election have brought interest rates back to historic lows, supporting investment real-estate even at very low cap rates, and ongoing economic growth and consistent job gains are driving demand for physical space. CoStar's Group products and services have become important tools for owners, managers and developers and investors to make quality choices and realize successful outcomes in any economic environment. Clearly, the coronavirus is becoming a factor in our economy. As a company, we're making preparations in the event of the outbreak impacts in areas where we have significant operations. Fortunately, we do not have factory floors, nor do we have to gather clients physically to provide our services. As we've already done in China, we're planning to disperse operations to work-at-home status if outbreaks occur in cities where we operate in. Before I hand it over to Scott, who is less concerned about that, I would like to acknowledge that our outstanding 2019 results would not have been possible without the hard work and dedication of all of our awesome CoStar team members. No matter where you are around the world or what part of the business you support, I'm very proud of the people that make CoStar a great place to work. I will now turn the call over to our metrics obsessed CFO, Scott Wheeler. Scott Wheeler -- Chief Financial Officer Thank you, Andy. Give me just a second. Before I take the microphone, I must disinfect it with this little wipe which I have here to display my concern of the virus and other issues. All right. We had a great year in 2019. We reached $1.4 billion in revenue, exceeded $500 million in adjusted EBITDA and delivered over $200 million of net new bookings for the year. In addition, we acquired STR and off-campus partners in 2019 and we recently announced an agreement to acquire RentPath. It's great to see that we continue our very successful strategy of both double digit organic growth, coupled with highly synergistic acquisition programs. We certainly don't see either of these growth strategies slowing down any time soon. Our fourth quarter 2019 revenue was $375 million, growing 19% year-over-year and coming at $9 million above the high-end of our guidance range. Revenue growth in the fourth quarter excluding STR was 16% year-over-year. STR contributed $9 million in revenue in the fourth quarter, which exceeded the $3 million to $4 million of STR revenue expected. This is primarily the result of favorable outcomes from the deferred revenue purchase accounting adjustments. We've included the revenue from STR as part of our information services revenue sector. Looking at our revenue performance by services, CoStar Suite revenue growth was 13% for the full year of 2019 as expected and 14% in the fourth quarter of 2019 versus the fourth quarter of 2018. As we head into 2020, we anticipate CoStar Suite revenue growth will moderate somewhat as we have shifted the focus of our sales teams to ramp-up sales of LoopNet signature ad that Andy mentioned. The revenue growth rate for CoStar Suite in 2020 is expected to be approximately 11%. As Andy discussed, it's important that our field sales team learns how to sell high value ad packages directly to owners, even if it comes with a slight substitution effect in the near term on the CoStar side of the business. Over-time, we believe the relationships that the sales team builds now selling LoopNet to owners will pay off in sales of CoStar Suite subscriptions to those very same owners in the future. On a combined basis, looking at CoStar Suite and LoopNet together, the incremental LoopNet revenue in 2020 is expected to more than offset the anticipated slower revenue growth in CoStar Suite. Revenue in information services for the full year of 2019 grew 31% to $88 million. Excluding STR, the full year growth rate was 17% with CoStar Real Estate Manager growing 34% year-over-year. Revenue and information services for the fourth quarter of 2019 grew 52% versus the fourth quarter of 2018, which translates to around 3% revenue growth in the fourth quarter excluding STR. We expect reported revenue from information services to grow at a rate of 60% to 64% in 2020 with STR expected to contribute approximately $61 million to $63 million in revenue in 2020. Multifamily revenue growth for the full year 2019 remained strong at 21% versus 2018 and fourth quarter 2019 grew 20% over the fourth quarter 2018. Our multifamily revenue growth is split between an 11% increase in volume of properties advertising on the network and a 10% increase in average revenue per property. For the fourth quarter 2019 our average revenue per property reached $800 as our customers continued to buy higher value advertising packages for increased lead performance. We did not increase list prices for any of our multifamily advertising in 2019. Looking forward, we expect multifamily revenue growth to continue at approximately 20% for the full year of 2020. Our forecast assumes continued strong growth from our field sales team, selling into larger communities, with a growing contribution throughout the year from our mid-market sales teams. We assume minimal revenue contribution from smaller independent owners using our digital tools in 2020 as we focus on landlord adoption of these digital tools so we can build scale. Commercial property and land revenue grew 17% year-over-year for the full year of 2019 and 18% year-over-year in the fourth quarter. Our LoopNet marketplace represents approximately 75% of the revenue in the commercial property and land products sector. As we continue to reposition LoopNet as a premium advertising solution to property owners, we're seeing growth rate accelerate. In the fourth quarter of 2019 LoopNet advertising revenues grew 20%, which is double the rate that LoopNet revenue was growing in mid-2018. For 2020 we expect growth rates for LoopNet to move up over 25% in the second half of the year. Commercial property and land sector is expected to deliver approximately 22% revenue growth for the full year 2020. Looking at our gross margins, we came in at 79% for 2019, up almost 2% versus 2018. This is a result of our very strong cost leverage. Our gross margin came in at 80% in the fourth quarter 2019, in-line with the margin we achieved in the third quarter of 2019. We expect our overall gross margins to move up to 81% in 2020. Net income for the full year of 2019 was $315 million, a 32% increase compared to the prior year. Net income for the fourth quarter of 2019 was $88 million, an increase of 5% or $4 million compared to Q4 2018. Our effective tax rate in the fourth quarter was 23%, while our effective tax rate for the full year of 2019 was 19%. Adjusted EBITDA for the full year of 2019 was $507 million, a 21% increase compared to adjusted EBITDA of $418 million for the full year of 2018. Adjusted EBITDA margins of 36% increased 110 basis points in 2019, compared to 2018. I'm pleased with our ability to increase profitability for the year and at the same time increase investments in our new product developments and the apartment search marketing that we did in the second half of 2019. Our fourth quarter adjusted EBITDA of $142 million was approximately $7 million above the top end of our guidance range. Favorable revenue of $5 million from STR related to purchase accounting and other revenue favorabilities contributed to the positive variance. Non-GAAP net income for the full year of 2019 was $373 million or $10.19 per diluted share, above the high point of our guidance by $0.17 and an increase of 23% compared to full year 2018. Non-GAAP net income for the fourth quarter 2019 increased to $103 million or $2.82 per diluted share. We received an insurance settlement of approximately $11 million related to the Xceligent litigation in the fourth quarter of 2019, which we recorded in other non-operating income. We adjusted this settlement gain out of the non-GAAP net income. Non net GAAP net income also includes adjustments for stock based compensation and STR acquisition related expenses. Non GAAP net income for the fourth quarter assumes a tax rate of 25%, which does not include discrete items such as the impact of share based payment transactions. Our cash investment balances were approximately $1.1 billion as of December 31, 2019, which is almost identical to our cash balance at the end of 2018. We generated a little over $450 million in cash from operations this year and then we plunked it all down to by STR, it was a great way to use cash I think. Now, let's take a look at some performance metrics for the quarter, none of which include any performance metrics for STR, which we'll add later in this year. At the end of the fourth quarter of 2019 our sales force totaled approximately 844 people, up about 24 people from the third quarter of 2019, and up over 100 people from the fourth quarter of 2018. The sales force growth in Q4 was primarily in our multifamily mid-market sales teams. We expect to ramp up headcount in this team toward the target of 100 people later in 2020. We ended the year with approximately 275 sales people in our CoStar LoopNet sales team, an increase of 20% for the year, but a bit short of our goal to grow the team by 30% during the year. We expect to reach approximately 300 field sales reps in this team sometime in the second quarter of 2020, hopefully earlier rather than later. The renewal rate on annual contracts for the fourth quarter of 2019 was in-line with the rate achieved in the third quarter of 2019 at 90%. Renewal rate for the quarter for customers who've been subscribers for five years or longer was 95%, in-line with the renewal rate of 95% in the third quarter of 2019. Finally, subscription revenue on annual contracts accounts for 83% of our revenue in the fourth quarter, up approximately 1 point compared to Q4 last year. I'll now discuss our outlook for the full year and the first quarter of 2020. To be clear, our outlook does not include the impact of the proposed RentPath acquisition. However, we've included approximately $7 million of legal and other professional fees associated with the pending transaction. It included these costs in the non-GAAP adjustments to EBITDA and net income. I'll begin with the outlook for STR. As we've said previously, the business exited 2019 at a revenue run rate in the low $60 million range. We will lose a few million dollars of GAAP revenue in the initial quarters due to purchase accounting adjustments. For 2020, we expect that STR will contribute approximately $14 million in revenue in the first quarter of 2020 and approximately $60 million to $63 million in revenue for the full year. The purchase accounting impacts to revenue and EBITDA primarily impact the fourth quarter 2019 and the first two quarters of 2020. We expect EBITDA for STR to be between negative $7 million to negative $9 million for 2020, which includes significant retention bonuses paid by the seller, along with other acquisition related costs. After adjusting for these costs and other typical items like stock compensation, we expect adjusted EBIDTDA for STR of between $7 million to $9 million for the year. STR adjusted EBITDA is expected be roughly breakeven in the first half of the year and turning positive beginning in the third quarter, after we move past those purchase accounting adjustments. These estimated impacts to revenue and adjusted EBITDA from the acquisition of STR are included in the following consolidated outlook for 2020. We expect revenue in the range of $1.65 billion to $1.665 billion for the full year of 2020. This implies an annual growth rate of 18% to 19% over 2019. Excluding STR, we expect revenue growth rate of approximately 15% for the full year of 2019. We expect revenue for the first quarter of 2020 in the range of $387 million to $392 million. This represents approximately 18% to 19% growth compared to the first quarter of last year, and approximately 14% to 15% growth excluding the first quarter revenue contributions from STR. We expect adjusted EBITDA to be in a range of $520 million to $530 million for the full year of 2020, representing 3% to 4% growth versus the first full year of 2019. As we discussed on our third quarter results call this past October, we plan to increase our marketing spend for multifamily by approximately $100 million in 2020, bringing our total multifamily marketing budget up to approximately $250 million. Excluding the impact of STR which I just discussed, our organic adjusted EBITDA margin for 2020 is expected to be approximately 32%, down 400 basis points compared to 2019 as we discussed back in the October conference call. Adjusted EBITDA for the first quarter of 2020 is expected to be between $115 million to $120 million. We expect second quarter adjusted EBITDA to decline from the first quarter as we've seen in the past years, as the department's media campaign ramps up during the peak rental season with significant increases in adjusted EBITDA and margins in the third and fourth quarter. We anticipate our adjusted EBITDA margin for the fourth quarter of 2020 will be at or above the 38% adjusted EBITDA margin we achieved in the fourth quarter of 2019. In terms of earnings, we expect full year non-GAAP net income per diluted share of $10.20 to $10.40 based on 36.8 million shares. For the first quarter of 2020 we expect non-GAAP net income per diluted share in a range of $2.25 and $2.35 based on 36.7 million shares. In summary, we had a fantastic 2019 and we've set ourselves up for a great performance in 2020 and beyond. We believe that by continuing to invest aggressively in our business in the form of new products, marketing and acquisitions we're positioning the company for years of strong growth and attractive EBITDA margins. As I've said many times, our margin trajectory may vary considerably from year-to-year based on the timing of investments. However, I'm confident we're still on track to reach our long term goals of $3 billion in run rate revenue and 40% plus adjusted EBITDA margins in 2023. Having read all of those numbers, it is time to open up the call now for questions. Sarah Spray -- Investor Relations So, we'll now turn over to the operator who will give you instructions for logging on, but we would also ask that you limit your questions to one question per person. If we have time, we'll cycle the queue back around. Operator, you may proceed. Questions and Answers: Operator Thank you. [Operator Instructions] And our first question comes from Ryan Tomasello with KBW. Please go ahead. Ryan Tomasello -- KBW -- Analyst Good evening everyone. Congrats on the strong finish to the year. I wanted to ask about apartments.com. You know, clearly the platform continues to see strong momentum and it seems that the push into the middle market and the low end of the market holds promise, but I was hoping Andy that you can give us some color on your thoughts around how you frame the risk of competitive pressures in the market for lead generation. I think on the RentPath call you alluded to the position that Google has in that market in controlling renter traffic. So I was wondering if you see the risk of them increasing their stake in this market as a threat similar to what they've done in the online travel booking world? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Sure. So certainly Google has a full position on controlling renter flow, the majority of renter flow. And then in the online travel world the OTA's like Bookings.com or Expedia has spent -- invested large sums of money to build direct traffic that are independent of Google intermediation. And frankly, while they have -- those hotel OTA's have taken a bit of a hit, they still have outstanding margins and are very profitable businesses. So we think that Google is a competitive factor there, growing revenue in the apartment space. People do make a decision between spending the money directly with Google or spending the money with apartments.com, but we believe we offer a number of advantages, have some strong client loyalty and we will continue to grow and thrive. And while we look at Google as providing a competitive element to the company, we also look at them as a very important partner. And we believe that our investments into Google keywords and other initiatives with them has been very fruitful. So nothing in life is without some risk, but we feel comfortable with it. Operator Our next question comes from Sterling Auty with JP Morgan. Please go ahead. Jackson Ader -- JP Morgan -- Analyst Hey, thanks. Hi guys, this Jackson Ader on for Sterling tonight. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Hello, Jackson. Jackson Ader -- JP Morgan -- Analyst My question is on the middle market sales. Now that that sales team is kind of up and running, how should we or how are you guys thinking about the unit economics for that particular segment? Scott Wheeler -- Chief Financial Officer I believe it's running about an average of $320 per unit, something like that. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer That was definitely in the Silver Ads and overall it's about $440 per unit of what we sold so far and the largest mix of ads as we mentioned was in the silver level within some gold segments and platinum and diamonds then sold by the team. Scott Wheeler -- Chief Financial Officer But don't get excited, because there's only tens of millions of opportunities down there in that segment. Operator Our next question comes from Stephen Sheldon with William Blair. Please go ahead. Stephen Sheldon -- William Blair -- Analyst Hi, thanks. And that was a lot of detail. Andy, there was a brief comment in your prepared remarks that you plan to accelerate international growth this year, so I wanted to get some more detail on that. I know you've been gathering data in the UK, I think Spain, Germany and France and have Realla in the UK that you've talked about using to gather public data and parts of Europe, but I guess first, do you have an update of scale internationally to more meaningfully monetize it at this point? And second, is the plan here to accelerate, I guess, data gathering maybe with STR's international footprint in EMEA and APAC. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Yes, so STR does have a really strong international footprint leading with their leadership team then for HVAC and the 9Vietnam. It's a strong group, it's a great foundation to grow in. What we're thinking about in 2020, I do not believe we'll have a huge negative financial impact to drag on earnings or a material one. What it's really about is acknowledging the fact that we now have 500 staff and tens of thousands of users outside of the United States and multiple -- and dozens of different countries. I think we have users in probably 60, 70 some countries at this point. And so a lot of it is how we're thinking about providing the product and the service and delivering it. So as we pull STR and CoStar together, it's going to be important that both of those platforms support users in dozens of countries. We want to continue the work we began with apartments.com and make all of our products polyglot, ideally supporting both the English language and the local language in those products. We also want to make the movement between viewing data in various countries as seamless as possible. So today a user in London or a user in Madrid may look at our product as being very local to that town, and we believe there would be value in just opening up that system. If they are subscribing to their local country, we would let them see the international network. So that would be a pretty big change when an investment broker in London can see and compare a property in London or Edinburgh to a property in Toronto or Vancouver or New Mexico or Madrid. And so, that will be the first big change and we think it will have a pretty positive impact. That's the way Bloomberg has segmented their products. If you are a Bloomberg client you can see all over the world. We want to go that way, so people don't evaluate us as a single city player anywhere and that they can work in their native language. That's particularly valuable in investment sales area and in the analytics area where we think we can provide a lot of value. Operator Our next question comes from Mario Cortellacci with Jefferies. Please go ahead. Mario Cortellacci -- Jefferies -- Analyst Hi. Thanks for the time. Because you're shifting the sales force focus from going from CoStar Suite over to LoopNet, could you just update us on how many CoStar customers are using LoopNet and vice versa? Or maybe just give us a little more a quick update on how much runway still exists there? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer So in particular you are talking about -- let's talking about the runway for both of them. Let's talks about the runway for CoStar and the runway for LoopNet. I plan to live for a very, very, long time and I will not live long enough to ever see the end of runway for either CoStar or LoopNet. So we just have -- I'm back in the place where I'm feeling like our CoStar sales force is smaller than the opportunity they're selling into, because that CoStar sales forces is a CoStar and a LoopNet sales force. There is very high overlap between the people who we're trying to sell CoStar to and to the people who would be -- would benefit from marketing on a LoopNet. So very, very high overlap both ways. I would think I don't have a hard number on that, but I would believe it's the majority. Now, some of the new particularly valuable customers to us for CoStar -- so an important area for us in CoStar is selling to owners that we are in the early stages of penetrating that opportunity. And they have high value, they pay higher numbers for CoStar, but a great avenue to reach them is to provide a marketing solution for them in LoopNet that's unique, and new and different and allows us to build a relationship with them, and then ultimately to expand that relationship to ride them information analytics. We believe that our offering is incredibly compelling to that owner universe on both sides. So I really mean that. I think it's a huge market. By the time we sell everybody in Czechoslovakia the CoStar subscription, we'll be in like 2320. Operator Our next question is from Brett Huff with Stephens. Please go ahead. Brett Huff -- Stephens -- Analyst Good evening, guys. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Hello, Brett. Brett Huff -- Stephens -- Analyst My question is, it seems that the guidance implies organically about 15% growth. And Scott, I think you give us that number. And by my math I think you guys end up the year pretty close to that in '19 give or take. First of all, correct me if I'm off at all, but I think I'm close. My question is, given that the ad spend is going ramp pretty dramatically through the year, why wouldn't we expect to see more revenue growth, especially in the back half of the year than we did, say, in 2019. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer I was asking Fred Saint and Paige Forrest the same question, but go ahead Scott. Scott Wheeler -- Chief Financial Officer You're correct, we have about a 15% organic growth rate scheduled out for the year. We certainly see solid growth starting into the year. We had a great year selling in apartments at the end of last year. We'll start to get the ramp-up in the marketing stand. It starts in the mid to late March time frame and that's when our broadcast advertising will kick in, and then by the time we hit mid to late summer, we'll start to advertise more around the use of our one-click you know digital rental tools that Andy was mentioning. So we've built in really this year, we've built in a -- the 20% growth is almost entirely from our large directions field sales team in large Apartments. The amount of revenue that we're forecasting right now on the inside sales team is very small and we're really forecasting nothing coming from the value in the market place. So what we're doing this year is really building the brand, building the momentum, building the sales forces and those capabilities in mid-market and building the network in the small property space, with really revenue on to come. We'd love to see those develop rapidly in the first half and really take off in the second, but at this stage we're planning on really taking the large market and decent momentum into the mid-markets, but really much beyond that in our forecast right now. Operator Our next question comes from Pete Christiansen with Citi. Please go ahead. Pete Christiansen -- Citigroup -- Analyst Thank you, good evening. Great momentum, guys. I just want to follow-up on that last question. I know you don't provide an outlook for bookings, but how should we think about the cadence throughout the year? Is it something that starts picking up in 2Q, 3Q and just building from there or is it more of a hump? I know there's a lot of moving pieces hiring and all that other stuff, but how should we think about the cadence? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer I think the hiring starts to really advise the cadence, particularly with the combined CoStar LoopNet sales force, and then later in the year your building that mid-market sales force. That's really what's different than maybe what we've seen in the past. Otherwise you know we typically see, second quarter be a very strong sales quarter, third quarter a little bit less than that, and I think like we saw this year, fourth quarter which we just proved in the LoopNet we can actually sell advertising in the fourth quarter which hadn't really been the case in the past. I think both in Apartments and LoopNet you'll see fourth quarter strong quarters, and I think technically it would be our second strongest quarter in Apartments. So the bill will go in the sales headcount in general and then the others regular seasonality patterns will hold up for the year. Operator Our next question comes from George Tong with Goldman Sachs. Please go ahead. Pete Christiansen -- Citigroup -- Analyst Hi, thanks. Good afternoon. You're going after the middle-market and I/O subsegments of the multifamily space this year. You talked about launching tools, targeting smaller properties, building out your Richmond sales team and then also accelerating investments into Apartments marketing. Can you discuss how you plan to phase in these initiatives? How much growth acceleration in multi-family in general you expect from these initiatives, and then how your strategy aligns with your proposed acquisition of RentPath? Scott Wheeler -- Chief Financial Officer Sure, so I don't think anyone ever taught me about phasing, we just do it all at once. Phasing is now. I mean we've been working on the I/O initiative for a long time, so that's been a year and a half or more of software development acquisitions and research. So we ran the first focus groups on that I/O product over two years ago in tweaking and adjusting the business model. Now it's in the markets, its national and we're seeing great traction. We are seeing revenue growth from it, because people are opting in a really good clip to e-commerce purchase of Advertising theses individual properties, buying an add-on on apartments.com. So that will track through the year. We are going to watch it really closely and grow it. I have been out talking to a lot of leaders, the biggest clients in the multifamily industry over the last couple of weeks and I have been surprised by their interest in those leasing tools, and participating in those programs. So we are going to also focus this year on potentially enabling more of our larger customers to put the leasing tools on apartments.com, so people can initiate a lease from apartments.com directly into our clients' back-end system. So that would make that tool work throughout the spectrum. That would have a good impact on revenue throughout the year. One of the highlights for me last week was I was meeting with one of our biggest customers, the President of one our biggest customers, who manages hundreds of thousands of units. He just bought a very small 10 unit property for himself, as a gaag I guess, I don't know, and he said he was shocked at when we got this property. He had no idea how to lease the property. He's got thousands of people for his big business, but he doesn't have the leases on property. So he's actually becoming a client for our online leasing tools for small property owners, which is helpful as we try to move it upstream. So the mid-market, we're being careful there because we're launching a new sales model. It involves bringing on a lot of relatively new people, both at the line sales person and the manager doing something kind of new. So we want to make sure they bring their skill sets fully up to development before we start scaling the group. We want to be careful that it doesn't scale too quickly and that we lose control of quality and then struggle to bring it back. So we're waiting till they're all up in producing at a good level and we've sort of worked out kinks and then we'll begin slow a measured growth through the year there, but that really is a group that could go from 40 to 100, from 40 to 200, from 40 to 300 over time, as it has a good ROI. Then how well that integrates in with what we are doing with the RentPath acquisition? Well, we had a lot of great products here with good growth and we are prospecting unfortunately a relatively -- e-commerce solutions are working at the I/O side, but we are prospecting a relatively small percentage of our target market and with the RentPath acquisition that would bring more sales resources into our organization, for both selling as Apartment industry and then also into the other market places that we're active in. So with the Apartments sales conference, one of things we did is, we began to present training materials on LoopNet in order to familiarize the Apartment sales team with that and we ended up a lot of interest with people who want to move in there. So hopefully we are able to close the RentPath deal and move some more people into the apartment side. The other thing RentPath helps support us with is that it enabled us -- RentPath -- probably the most important thing RentPath does for us is it enables us to enter a completely new market to us and that is this I/O market place, so the URL Rent.com is very valuable, in particular in our relationship and partnership with Google to build great SCO around words that people tend to associate with renting a townhouse, a house or a condo or a walk-up unit in a property. So we'll use RentPath and rent.com in particular as a vehicle to enter this new, smaller property market in which we're less than 1% penetrated right now. So that will be another helpful element to an acquisition there. Operator Our next question comes from Andrew Jeffrey with SunTrust. Please go ahead. Andrew Jeffrey -- SunTrust -- Analyst Hey, good afternoon guys. I appreciate you talking the question. Andy, when you look at STR and the revenue you're generating this year, I think you said on the call when you bought it that you ultimately can -- that you can double the revenue growth there. When I look at the information services segment, this year STR looks like it might be down a little bit. I wonder if you can comment Andy or Scott on that and then sort of what that total segment growth should look like over time as STR ramps up? Scott Wheeler -- Chief Financial Officer Yeah, let me cover the numbers on that sector. What you're seeing, which has been the fuel under info services has been real-estate manager for the last couple years. You may recall that that is comprised of both subscription revenue and then when they took all those big orders over the last 18 months they had a bunch of implementation revenue. Right now the implementation revenue is running down since we're past that wave, and the subscription revenue is growing. So underlying, we're expecting to see anywhere between 15% and 20% continued growth in information services sector after we get past that run off, which I think by the end of 2020 we will be, so that is sort of STR. But when we look at STR on a stand-alone basis, on a global enterprise they are growing around this 10% year-over-year, similar to what it was doing just before we bought it, and as you pointed out, we expect we'll be able to grow that revenue 20% or more. We'll need the year to get the technology integration that Andy mentioned done and just start rolling out some of the new products in a more meaningful way and so post 2021 is when we'll start to see that revenue ramp up, go higher in STR. Now, keep in mind when that starts to happen and it's integrated into a CoStar Suite platform that those revenue growth will show up in CoStar Suite and not in info services. So info services will continue in this 15% to 20% growth range with real-estate manager, risk analytics and a few other businesses powering that over the longer term and STR will start growing above 10% to 20%, but that that will shift up into CoStar Suite. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer So we've had a bit of time now to really get into the hood and work with the STR team, to really understand the opportunity better, and I think the product strategy is very clear and concise now. So STR has built a fantastic company, focused intensely on their relationships with the major hoteliers around the world, as well as the accuracy clean list and privacy of the benchmarking and the quality of how they do the benchmarking. And where there's a tremendous opportunity is to take a whole set of the spare tools that STR provides and pull them together into one seamless login, one interface, one system using a lot of technology that CoStar Group already has available to us, and also integrate that with the analytics, market analytics, market search functions, forecasting, property level data that CoStar Group has, put into one solution and you know as I look at that opportunity, I am very confident that when we go through that process, that technology path, we can produce a product that the customers will love, that will be an absolute next generation solution and hospitality information. How and when we monetize that exactly will evolve, but if you build a great product, that it's magnitude of order is more powerful and useful, it will pay off. But one just you know tactical thing is, we'll be able to sell to the non-hospitality world, analytic solutions for people trying to appraise property, buy and sell hotels, great quality market data and our CoStar sales force will be able to carry that product, and there is just a lot of people in the CoStar sales force, so with just a lot more bandwidth that is a doubling factor right there. But I feel very good about what we have right now there, but it's just a lot work and we don't mind that. Operator [Operator Instructions] And we have a question from Mayank Tandon from Needham. Please go ahead. Kyle Peterson -- Needham -- Analyst Hey, good evening. It's actually Kyle Peterson on for Mayank. Thanks for talking the questions. So it's great to hear about the LoopNet bookings, the momentum in 4Q; definitely impressive sequential growth there. I just want to see if you give us any color on kind of how the bookings momentum has been in January and February, just to kind of tease out, kind of how the momentum is -- can you Scott Wheeler -- Chief Financial Officer Hello, we lost our good friend Mayank. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer I think we knew where he was going. He wanted to know if we had any insights on the booking momentum in the first quarter. Unfortunately we can't talk about booking or booking momentum in the first quarter until our first quarter conference call, which will be the third week or fourth week of April, Tuesday evening 5:00 PM and we'll be happy to update it then. Sorry, can't say much more than that. Scott Wheeler -- Chief Financial Officer Alright, I'm going to let the cat out of the bag, we didn't sell in that. We did sell in that -- we solid some in January and we are still selling stuff in February. Okay, let's get our last question operator. Operator And our final question is from Bill Warmington with Wells Fargo. Please go ahead. Bill Warmington -- Wells Fargo -- Analyst Wow! Under the wire there. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Very, close. Hello Bill! Bill Warmington -- Wells Fargo -- Analyst How are you guys doing today? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Great! How are you doing today? Bill Warmington -- Wells Fargo -- Analyst I'm doing OK, I'm doing OK. Is that the Andy, the operator Florance. Hey, I thought it was, I thought it was -- so what's up? 54 minutes of prepared remarks. You can't come up with another six minutes of material of make it -- round it out to an hour, what's up with that? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer We are getting old. Bill Warmington -- Wells Fargo -- Analyst Alright, so a two part question if you will. So one is to ask if you could give us a little color on the sales incentives, specific sales incentives that you're giving for the LoopNet sales for us in 2020, a little color there; and then also if you could talk about how far you are from being able to actually score a lead for the Apartments owners and managers. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Okay. So in terms of how we incent the CoStar sales force on LoopNet production, I will take a shot at that. Its approximately 20% of their billing book, so whatever they've got billing in a given month they get approximately 20% of it. And they get an accelerator toward their rate that they earned on their CoStar side once they cross -- I think it's 20,000 of monthly bookings and so that motivates them, that motivates them to quickly get to that base point. And, I think it doesn't count toward Presidents Club and things like that, but it's enough, it's an interlinked systems that's pretty attractive to them, and they'll be able to do quite well with it and as the do well, we'll do well too. And then the second question, it was not authorized to ask, but we'll answer it anyhow as we always do; leads scoring well. At this point we are -- you know one of the elements that we initially pursued with the online leasing tools was the fact that we could do better lead scoring. I think that is a long term investment for us. As we see more and more renters goes through our online application process and more and more people participate, we can help people understand right off the bat as they fill out their application, which other properties they are likely to qualify for or not qualify for. Just say, several at a time and help someone get to the right solution faster. And then you know that's sort of a win-direct way by educating the renter of scoring the leads coming in. And untimely enough people are participating in this, especially as we meet the needs of millions of college students using off-campus partners and we try to bring these tools into that environment as students come out of university and began renting their first off-campus housing. We'll build up a fair amount of information about those leads as they go into our clients' inbox. So the capabilities are there, but we're taking the long term on it. Operator And there are no further questions in queue. Please continue. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Bill, do you want to get back in line? With that we'll end the conference call. Thank you very much for joining us. Next time we're hoping to get a 60 minute prepared remarks or maybe a 45 minute. Thank you very much. Operator [Operator Closing Remarks] Duration: 83 minutes Call participants: Sarah Spray -- Investor Relations Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Scott Wheeler -- Chief Financial Officer Ryan Tomasello -- KBW -- Analyst Jackson Ader -- JP Morgan -- Analyst Stephen Sheldon -- William Blair -- Analyst Mario Cortellacci -- Jefferies -- Analyst Brett Huff -- Stephens -- Analyst Pete Christiansen -- Citigroup -- Analyst Andrew Jeffrey -- SunTrust -- Analyst Kyle Peterson -- Needham -- Analyst Bill Warmington -- Wells Fargo -- Analyst More CSGP analysis All earnings call transcripts 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""JP Morgan Maintains Underweight on CoStar Group, Raises Price Target to $740"", ""Stephens & Co. Maintains Overweight on CoStar Group, Raises Price Target to $811""]"
CSGP,2020-02-27,67.026,69.734,66.735,66.911,
CSGP,2020-02-28,64.73,66.986,64.302,66.759,
CSGP,2020-03-02,66.243,71.126,65.085,70.58,
CSGP,2020-03-03,70.32,71.275,68.088,69.009,"[""Costar Group Inc (CSGP) President and CEO Andrew C Florance Sold $\u2014\u2014.' million of Shares"", ""Costar Group Inc (CSGP) President and CEO Andrew C Florance Sold $\u2014\u2014.' million of Shares"", ""Costar Group Inc (CSGP) President and CEO Andrew C Florance Sold $\u2014\u2014.' million of Shares""]"
CSGP,2020-03-04,70.031,73.593,69.736,73.5,
CSGP,2020-03-05,71.658,73.153,71.014,71.739,"[""CoStar Group Reaches Analyst Target Price In recent trading, shares of CoStar Group, Inc. (Symbol: CSGP) have crossed above the average analyst 12-month target price of $725.10, changing hands for $735.00/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher \u2014 if things are looking up for the company, perhaps it is time for that target price to be raised. There are 10 different analyst targets contributing to that average for CoStar Group, Inc., but the average is just that \u2014 a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $600.00. And then on the other side of the spectrum one analyst has a target as high as $840.00. The standard deviation is $85.127. But the whole reason to look at the average CSGP price target in the first place is to tap into a \""wisdom of crowds\"" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with CSGP crossing above that average target price of $725.10/share, investors in CSGP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $725.10 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover CoStar Group, Inc.: RECENT CSGP ANALYST RATINGS BREAKDOWN \u00bb Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 7 7 6 6 Buy ratings: 1 1 1 1 Hold ratings: 1 1 1 1 Sell ratings: 0 0 0 0 Strong sell ratings: 1 1 1 1 Average rating: 1.7 1.7 1.78 1.78 The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on CSGP \u2014 FREE. The Top 25 Broker Analyst Picks of the S&P 500 \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""These stocks soared the most after Biden burned Bernie on Super Tuesday Health-care stocks led the market rally after Biden took 10 of 14 states, becoming the Democratic front runner Health-care stocks led the market rally after Biden took 10 of 14 states, becoming the Democratic front runner.""]"
CSGP,2020-03-06,69.046,71.09,68.404,70.724,
CSGP,2020-03-09,66.094,69.114,64.917,66.691,
CSGP,2020-03-10,68.592,69.534,66.363,69.401,
CSGP,2020-03-11,67.29,68.784,64.43,65.135,
CSGP,2020-03-12,62.5,67.0,60.035,61.293,
CSGP,2020-03-13,63.986,66.756,61.469,66.393,
CSGP,2020-03-16,59.672,62.965,58.394,58.758,
CSGP,2020-03-17,59.806,61.119,56.166,59.471,
CSGP,2020-03-18,55.824,57.267,53.123,55.88,
CSGP,2020-03-19,55.312,57.78,54.0,56.001,
CSGP,2020-03-20,57.717,59.47,53.602,55.096,
CSGP,2020-03-23,55.244,56.648,50.024,52.337,"[""What Makes This Concentrated Midcap Fund An Award Winner"", ""What Makes This Concentrated Midcap Fund An Award Winner"", ""What Makes This Concentrated Midcap Fund An Award Winner""]"
CSGP,2020-03-24,54.492,54.878,51.948,54.065,
CSGP,2020-03-25,54.684,55.598,51.716,54.024,
CSGP,2020-03-26,54.776,58.575,53.776,58.318,"How The Pieces Add Up: QQQ Targets $240 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco QQQ ETF (Symbol: QQQ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $240.28 per unit. With QQQ trading at a recent price near $182.30 per unit, that means that analysts see 31.80% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of QQQ's underlying holdings with notable upside to their analyst target prices are Walgreens Boots Alliance Inc (Symbol: WBA), CoStar Group, Inc. (Symbol: CSGP), and Electronic Arts, Inc. (Symbol: EA). Although WBA has traded at a recent price of $41.44/share, the average analyst target is 36.26% higher at $56.47/share. Similarly, CSGP has 31.90% upside from the recent share price of $540.24 if the average analyst target price of $712.60/share is reached, and analysts on average are expecting EA to reach a target price of $118.19/share, which is 31.85% above the recent price of $89.64. Below is a twelve month price history chart comparing the stock performance of WBA, CSGP, and EA: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET Invesco QQQ ETF QQQ $182.30 $240.28 31.80% Walgreens Boots Alliance Inc WBA $41.44 $56.47 36.26% CoStar Group, Inc. CSGP $540.24 $712.60 31.90% Electronic Arts, Inc. EA $89.64 $118.19 31.85% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-03-27,56.805,59.712,55.28,58.099,"[""Stocks To Watch: Costar Sees RS Rating Jump To 92"", ""Stocks To Watch: Costar Sees RS Rating Jump To 92"", ""Stocks To Watch: Costar Sees RS Rating Jump To 92""]"
CSGP,2020-03-30,59.041,60.898,58.822,59.999,
CSGP,2020-03-31,59.397,60.699,58.01,58.721,
CSGP,2020-04-01,56.879,58.01,53.652,53.96,
CSGP,2020-04-02,52.858,54.146,52.03,53.77,"These U.S. stocks fell the most April 1 after Trump turned grim on coronavirus forecast Utility, real estate and financial stocks led the declines as three major indexes drop 4.4% Utility, real estate and financial stocks led the declines as three major indexes drop 4.4%."
CSGP,2020-04-03,53.34,54.816,52.017,52.675,
CSGP,2020-04-06,54.637,59.238,53.439,58.585,"[""SAIC or CSGP: Which Is the Better Value Stock Right Now?"", ""SAIC or CSGP: Which Is the Better Value Stock Right Now?"", ""SAIC or CSGP: Which Is the Better Value Stock Right Now?"", ""Here are the biggest stock-market winners April 6, as major indexes jump at least 7% Many of the strongest performers were consumer-discretionary stocks that have been hit hard by the economic shutdown Many of the strongest performers were consumer-discretionary stocks that have been hit hard by the economic shutdown.""]"
CSGP,2020-04-07,60.313,62.028,58.719,58.964,"CoStar Group Breaks Above 200-Day Moving Average - Bullish for CSGP In trading on Tuesday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed above their 200 day moving average of $607.78, changing hands as high as $616.16 per share. CoStar Group, Inc. shares are currently trading up about 3.9% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $473.91 per share, with $746.70 as the 52 week high point — that compares with a last trade of $608.71. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-04-08,59.497,61.972,58.396,61.461,
CSGP,2020-04-09,61.461,63.974,60.738,63.128,"[""Stocks To Watch Ahead Of Earnings: Costar"", ""Stocks To Watch Ahead Of Earnings: Costar"", ""Stocks To Watch Ahead Of Earnings: Costar""]"
CSGP,2020-04-13,62.568,62.746,60.209,62.514,
CSGP,2020-04-14,63.849,64.721,62.03,64.495,
CSGP,2020-04-15,63.802,65.41,63.653,64.123,"The stock market has been on a roller coaster for 2 months — but the S&P 500 is down only 2% over 12 months. Here are the big winners. Tech has climbed 16% In times like these, a longer-term perspective can help."
CSGP,2020-04-16,64.741,65.312,62.794,63.161,"[""Highly Rated Costar Near Buy Zone Before Next Earnings Report"", ""Highly Rated Costar Near Buy Zone Before Next Earnings Report"", ""Highly Rated Costar Near Buy Zone Before Next Earnings Report""]"
CSGP,2020-04-17,64.914,64.914,62.333,63.555,"7 A-Rated Stocks to Buy For Portfolio Strength In Uncertain Times InvestorPlace - Stock Market News, Stock Advice & Trading Tips There’s some speculation that the real unemployment rate this week could hit 15%. But rather than headed down a deeper hole, the market seems to moving past this stunning number in hopes COVID-19 will pass sooner rather than later and the US economy will get back to work. Whatever happens, the reality is, no one knows much about anything here. And instead of trying to time a bottom, or pick the hot sectors now, or predict which quarter the economy will resurge, just do one simple thing: Buy quality. 9 Robust Stocks to Buy to Survive a Bear Market That’s it. That’s your best bet for now and for the future. These 7 A-rated stocks to buy for strength are all top-rated stocks in my Portfolio Grader: CoStar Group (NASDAQ: CSGP) Chemed (NYSE: CHE) Shopify (NASDAQ: SHOP) Lockheed Martin (NYSE: LMT) Costco (NASDAQ: COST) NVIDIA Corp (NASDAQ: NVDA) NextEra Energy (NYSE: NEE) For now, many investors will be looking for the safety of quality stocks. And when good times return, high-quality growth stocks like the ones I recommend at Growth Investor are the companies best built to take advantage quickly. CoStar Group (CSGP) Source: Casimiro PT / Shutterstock.com CoStar is a unique company in the real estate sector. It provides information, analytics and marketing to the commercial real estate sector. In a world where things have changed so swiftly in just a matter of weeks, the first thing businesses of all types are going to have to examine is how best to move forward. And one the biggest expenses on their books is real estate. Whether it warehouses, office buildings or anything in between, right-sizing space will be crucial. And CSGP is one of the best in this new and fast-growing business. The company has been around since 1987 and is headquartered in Washington, DC but serves not on the US and Canada, but the UK, Spain, Germany and France as well. The stock is up 33% in the past 12 months. More impressively, it’s up 7% year to date, a significant relative outperformer. Chemed (CHE) Source: Shutterstock Chemed is an interesting union of two business divisions that aren’t necessarily sexy, but are durable and necessary. And the Cincinnati, Ohio, company has been around since 1970, so that durability should be self-evident. Its two divisions are VITAS and Roto-Rooter. VITAS offers hospice and palliative care using a team of professionals from doctors to clergy and volunteers. VITAS is the leading provider of end of life care and has nearly 50 hospice programs in 14 states and Washington, DC. Roto-Rooter is a franchise that offers plumbing services for commercial and residential clients. And it’s the largest of its kind in the US. It actually got its big start during the Great Depression, giving people a chance to start a necessary business with little training and a constant demand. 9 Robust Stocks to Buy to Survive a Bear Market The stock is up 42% in the past 12 months, and almost 3% year to date. These are two solid sectors that will continue to deliver. And I’ve got more where that came from. Shopify (SHOP) Source: justplay1412 / Shutterstock.com Shopify is an online commerce platform for small and medium-sized businesses. Given the state of the economy and the soaring unemployment numbers, there’s a good chance many of those people out of work won’t have jobs to return to for quite a while. If you recall, this is what happened in 2008 and was the real power behind the ‘gig economy’ movement, when fee-for-services jobs blossomed for a new generation. You can expect the same thing to happen again. Many older workers will be replaced with younger, cheaper workers. And middle management will get replaced by productivity software and other structural moves. That leaves a lot of people looking for work in sectors built without those jobs for now. Starting a small business as a contract worker or turning a hobby into a business it what Shopify allows these workers to do. The stock is up a whopping 125% in the past year, and 25% year to date. It’s not cheap, but in this market you can afford to be patient or buy in over time. Lockheed Martin (LMT) Source: Ken Wolter / Shutterstock.com Lockheed Martin is the largest defense contractor in the world. Net sales for the company in 2019 were nearly $60 billion. When there is instability in the world – whether that comes as a virus or a repressive regime – defense companies stay busy. When there is significant geopolitical change brought on by rogue actors or power shifts among superpowers, defense companies stay busy. Needless to say, LMT workers do not have idle hands now, nor will they in coming years. Also, because these companies are so big – they have divisions all over the US – boosting defense spending is a win-win for politicians. It shows they’re tough and it also boosts the economy. In an election year, both are very important. 9 Robust Stocks to Buy to Survive a Bear Market The stock is still reasonably valued given its potential and it continues to perform. It’s up 19% in the past 12 months, and off a mere 4% year to date. Plus, it delivers a reliable 2.6% dividend. Growth and income is a hallmark of many of the stocks I recommend for Growth Investor. Costco (COST) Source: Shutterstock Costco is a major membership warehouse wholesaler that caters to everyone from small businesses to bulk shoppers, especially those with larger families. Everything is super-sized but the quality is usually top-notch, name brands are available and the size of the company means it has significant purchasing power for its house branded items. For example, it is one of the largest wine buyers in the world, so it can go to quality wineries and place massive orders for great wine at a bargain price. The same goes for most of its products. Also, given the runs on groceries and other essential items, its members-only status keeps down the crowds. And the super-sized items give consumers a head start on stockpiling. This is a company that is doing well now and will continue to thrive, as it did before the lockdown. The stock is up 26% in the past year and almost 6% year to date, with a 0.8% dividend. Nvidia (NVDA) Source: Hairem / Shutterstock.com Nvidia is one of those companies that symbolizes the next generation in computing. Initially starting out as a builder of high-end graphics processing units (GPUs) for institutions, researchers and gamers, it is now one of the leading tech companies in the world. GPUs have become the game changer in so many of the new cloud-based industries that it went from a funky niche company to major player in a matter of a few years. Around 5 years ago, the stock was trading in the low 20s, where it had traded for years. Now, it’s trading near 290, and has a $172 billion market cap. But it has seen volatility, as many tech firms have. And the competition is heating up because they now see the huge opportunities moving forward. But Nvidia is still leading the pack in robotics, drones, smart vehicles, big data, you name it. 9 Robust Stocks to Buy to Survive a Bear Market The stock is up 50% in the past year, and up almost 20% year to date. It’s a bit pricey, but for that kind of performance in this kind of market, a premium isn’t a surprise. NextEra Energy (NEE) Source: madamF / Shutterstock.com Next Era Energy is the world’s largest producer of wind and solar energy. It’s also a regulated electric utility in south Florida. This gives it both a growth engine and a solid base of regulated revenue. You see, the renewable energy it owns is sold to companies and other utilities for carbon credits to offset their dirtier fuel outputs. And now more companies are also seeing the advantages of having reliable power as the electrical grid becomes increasingly unreliable with no real interest in the federal government or industry to upgrade it. This is the current growth engine for NEE. However, its FPL (formerly Florida Power and Light) has been around a very long time and has a lock on the most dynamic and wealthiest part of Florida. And there are plenty of snowbirds who went south to wait out COVID-19, so demand should be strong. The stock is up 26% in the past 12 months, and year to date it’s treading water. It also comes with a respectable 2.4% dividend. It just goes to show, there are still great dividend investments out there, as my Growth Investor subscribers can tell you. And with bond yields so low (even negative, in some cases!) dividend stocks are leading the way out of this bear market. Now that we’re hearing from analysts and companies during earnings season, I expect growth stocks to follow … at least, the ones who have what it takes, like my Netflix of 5G. The 5G Buildout Is an Incredible Opportunity for Investors Right Now Within two years, most cell phones will be 5G enabled and be able to wirelessly handle television streaming. With 5G, we’ll have cable modem speeds on any device; no need to plug in. That’s a big deal for rural areas … the very same areas that are also key to President Donald Trump’s reelection. So, by pushing 5G over the goal line, Trump will deliver a big win for his base — and strike a blow against Chinese rivals like Huawei Technologies. But, in the big picture, 5G is about much more than trade wars and faster downloads. Because 5G is 100 times faster than 4G, it’ll allow your internet devices to work in real time. That advancement is a game changer for tech companies. With the 5G infrastructure market set to grow at an annual rate of 67% over the next 10 years, the entire market will go from $780 million to nearly $48 billion. This buildout is where I see opportunity with 5G stocks now. Cable companies can do their best to fight back with fiber optics … but they can’t compete with the convenience of a smartphone, once it’s got ultra-fast 5G. That’s how my 5G infrastructure play will capture more market share from the broadband cable companies. The stock I’m targeting is a favorite on Wall Street, and it has strong fundamentals, too — making it a “Buy” in my Portfolio Grader system. Click here to watch my new, free briefing on this extraordinary technology and the opportunity with 5G stocks. When you do, you’ll see how to claim a free copy of my new stock report, The Netflix of 5G, which has full details on this company — and what makes it such a great investment. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. The post 7 A-Rated Stocks to Buy For Portfolio Strength In Uncertain Times appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-04-20,63.352,63.352,60.118,60.353,
CSGP,2020-04-21,59.536,59.536,55.861,56.299,"Nasdaq 100 Movers: EXPE, TTWO In early trading on Tuesday, shares of Take-Two Interactive Software, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 1.8%. Year to date, Take-Two Interactive Software, registers a 4.2% gain. And the worst performing Nasdaq 100 component thus far on the day is Expedia Group, trading down 4.2%. Expedia Group is lower by about 46.9% looking at the year to date performance. Two other components making moves today are CoStar Group, trading down 4.1%, and United Airlines Holdings, trading up 0.7% on the day. VIDEO: Nasdaq 100 Movers: EXPE, TTWO The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-04-22,58.961,58.961,57.058,58.062,"[""Ron Baron Comments on CoStar Group"", ""Ron Baron Comments on CoStar Group"", ""Ron Baron Comments on CoStar Group"", ""Here are Tuesday\u2019s worst stocks as the S&P 500 posts the biggest decline in three weeks The technology sector led stocks lower as chip stocks crumbled The technology sector led stocks lower as chip stocks crumbled.""]"
CSGP,2020-04-23,58.242,59.987,56.93,58.727,"[""Earnings Season Preview: Costar Near Buy Zone With EPS Due"", ""B. Riley FBR Maintains Buy on CoStar Gr, Lowers Price Target to $730"", ""B. Riley FBR Maintains Buy on CoStar Gr, Lowers Price Target to $730"", ""Earnings Season Preview: Costar Near Buy Zone With EPS Due"", ""B. Riley FBR Maintains Buy on CoStar Gr, Lowers Price Target to $730"", ""Earnings Season Preview: Costar Near Buy Zone With EPS Due""]"
CSGP,2020-04-24,59.897,59.897,57.564,59.36,"[""Akamai (AKAM) to Report Q1 Earnings: What's in the Cards?"", ""Akamai (AKAM) to Report Q1 Earnings: What's in the Cards?"", ""Akamai (AKAM) to Report Q1 Earnings: What's in the Cards?""]"
CSGP,2020-04-27,59.5,62.214,59.446,61.775,"Analysts Forecast 12% Upside For The Holdings of FCTR Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Lunt U.S. Factor Rotation ETF (Symbol: FCTR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $22.00 per unit. With FCTR trading at a recent price near $19.60 per unit, that means that analysts see 12.24% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FCTR's underlying holdings with notable upside to their analyst target prices are Twilio Inc (Symbol: TWLO), CoStar Group, Inc. (Symbol: CSGP), and Amphenol Corp. (Symbol: APH). Although TWLO has traded at a recent price of $109.95/share, the average analyst target is 20.51% higher at $132.50/share. Similarly, CSGP has 20.40% upside from the recent share price of $593.60 if the average analyst target price of $714.67/share is reached, and analysts on average are expecting APH to reach a target price of $97.11/share, which is 12.70% above the recent price of $86.17. Below is a twelve month price history chart comparing the stock performance of TWLO, CSGP, and APH: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET First Trust Lunt U.S. Factor Rotation ETF FCTR $19.60 $22.00 12.24% Twilio Inc TWLO $109.95 $132.50 20.51% CoStar Group, Inc. CSGP $593.60 $714.67 20.40% Amphenol Corp. APH $86.17 $97.11 12.70% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-04-28,62.988,63.194,60.768,60.784,"[""CoStar Group (CSGP) Q1 Earnings and Revenues Beat Estimates"", ""Earnings Scheduled For April 28, 2020"", ""CoStar Group Q1 EPS $2.440 Beats $2.270 Estimate, Sales $392.000M Beat $387.420M Estimate"", ""CoStar Group Sees Q2 Adj. EPS $2.02-$2.12 vs $1.90 Est., Sales $387M-$392M vs $397.32M Est."", ""CoStar Group Sees Q2 Adj. EPS $2.02-$2.12 vs $1.90 Est., Sales $387M-$392M vs $397.32M Est."", ""CoStar Group Q1 EPS $2.440 Beats $2.270 Estimate, Sales $392.000M Beat $387.420M Estimate"", ""Earnings Scheduled For April 28, 2020"", ""CoStar Group (CSGP) Q1 Earnings and Revenues Beat Estimates"", ""CoStar Group, Inc. Q1 adjusted earnings Beat Estimates (RTTNews) - CoStar Group, Inc. (CSGP) announced a profit for first quarter that decreased from the same period last year. The company's earnings totaled $72.79 million, or $1.98 per share. This compares with $85.17 million, or $2.33 per share, in last year's first quarter. Excluding items, CoStar Group, Inc. reported adjusted earnings of $89.80 million or $2.44 per share for the period. Analysts had expected the company to earn $2.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 19.3% to $391.85 million from $328.43 million last year. CoStar Group, Inc. earnings at a glance: -Earnings (Q1): $89.80 Mln. vs. $92.43 Mln. last year. -EPS (Q1): $2.44 vs. $2.53 last year. -Analysts Estimate: $2.27 -Revenue (Q1): $391.85 Mln vs. $328.43 Mln last year. -Guidance: Next quarter EPS guidance: $2.02 - $2.12 Next quarter revenue guidance: $387 - $392 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Q1 20 Earnings Conference Call At 5:00 PM ET (RTTNews) - CoStar Group, Inc. (CSGP) will host a conference call at 5:00 PM ET on April 28, 2020, to discuss Q1 20 earnings results. To access the live webcast, log on to investors.costargroup.com To listen to the call, dial (866) 627-4249 (US) or (825) 312-2385 (International), Conference ID 1928919. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Sees Q2 Adj. EPS $2.02-$2.12 vs $1.90 Est., Sales $387M-$392M vs $397.32M Est."", ""CoStar Group Q1 EPS $2.440 Beats $2.270 Estimate, Sales $392.000M Beat $387.420M Estimate"", ""Earnings Scheduled For April 28, 2020"", ""CoStar Group (CSGP) Q1 Earnings and Revenues Beat Estimates""]"
CSGP,2020-04-29,62.353,65.662,59.55,65.087,"[""Needham Maintains Buy on CoStar Gr, Lowers Price Target to $700"", ""JP Morgan Maintains Underweight on CoStar Gr, Lowers Price Target to $660"", ""JMP Securities Maintains Market Outperform on CoStar Gr, Lowers Price Target to $710"", ""SunTrust Robinson Humphrey Maintains Buy on CoStar Gr, Lowers Price Target to $695"", ""SunTrust Robinson Humphrey Maintains Buy on CoStar Gr, Lowers Price Target to $695"", ""JMP Securities Maintains Market Outperform on CoStar Gr, Lowers Price Target to $710"", ""JP Morgan Maintains Underweight on CoStar Gr, Lowers Price Target to $660"", ""Needham Maintains Buy on CoStar Gr, Lowers Price Target to $700"", ""SunTrust Robinson Humphrey Maintains Buy on CoStar Gr, Lowers Price Target to $695"", ""JMP Securities Maintains Market Outperform on CoStar Gr, Lowers Price Target to $710"", ""JP Morgan Maintains Underweight on CoStar Gr, Lowers Price Target to $660"", ""Needham Maintains Buy on CoStar Gr, Lowers Price Target to $700"", ""Here are the stock market\u2019s biggest winners on Wednesday as investors see new hope Good news from Gilead Sciences and a statement from the Federal Reserve offset some grim economic numbers Good news from Gilead Sciences and a statement from the Federal Reserve offset some grim economic numbers""]"
CSGP,2020-04-30,64.28,65.517,63.502,64.826,
CSGP,2020-05-01,64.312,64.921,61.262,62.261,
CSGP,2020-05-04,61.627,63.79,61.425,63.506,
CSGP,2020-05-05,63.905,64.578,62.948,64.117,"[""Teacher Retirement System Of Texas Buys Hologic Inc, Vanguard Total Stock Market, Agilent ..."", ""Teacher Retirement System Of Texas Buys Hologic Inc, Vanguard Total Stock Market, Agilent ..."", ""Teacher Retirement System Of Texas Buys Hologic Inc, Vanguard Total Stock Market, Agilent ...""]"
CSGP,2020-05-06,64.118,65.4,63.867,64.849,"[""Cramer Gives His Opinion On Tandem Diabetes, JPMorgan And More"", ""Cramer Gives His Opinion On Tandem Diabetes, JPMorgan And More"", ""Cramer Gives His Opinion On Tandem Diabetes, JPMorgan And More""]"
CSGP,2020-05-07,64.451,65.149,62.91,63.899,"[""Weitz Funds Analyst Corner: CoStar Group"", ""Weitz Funds Analyst Corner: CoStar Group"", ""Weitz Funds Analyst Corner: CoStar Group""]"
CSGP,2020-05-08,64.809,65.957,64.346,65.742,
CSGP,2020-05-11,64.52,67.216,64.52,66.38,"[""Weitz Investment Management Inc Buys CoStar Group Inc, SPDR Select Sector Fund - Financial, ..."", ""Akre Capital Management, LLC Buys Adobe Inc, Live Nation Entertainment Inc, Brookfield Asset ..."", ""Akre Capital Management, LLC Buys Adobe Inc, Live Nation Entertainment Inc, Brookfield Asset ..."", ""Weitz Investment Management Inc Buys CoStar Group Inc, SPDR Select Sector Fund - Financial, ..."", ""U.S. landlords, retailers play hardball as mall rent collections plunge By Uday Sampath Kumar and Medha Singh May 11 (Reuters) - Tapestry Inc TPR.N Chief Executive Officer Jide Zeitlin has been negotiating lower rents for the company's Coach and Kate Spade stores for more than a month, using the brands' power to draw in U.S. mall traffic as leverage in tough talks with landlords. The company, whose handbags have won it a place among the big names of the fashion world, is just one of a raft of major U.S. retailers seeking to lower rent bills to make sure they have enough cash to weather the COVID-19 pandemic. But with thousands of stores closed under strict lockdown measures and multiple national retail chains crumbling, mall operators' rent collections have collapsed, raising doubts about their future. Mall operators collected only 15% of April rent and trends are looking worse for May, according to CenterSquare Investment Management, which specializes in real estate. After a decade of change that has shaken up the U.S. retail landscape and driven some out of business, Zeitlin says mall rents need to fall anyway for retailers' brick-and-mortar strategies to make sense. But the talks are still \""challenging and difficult\"" and he has a warning for his landlords: \""What they need to do is be really thoughtful about not killing the goose that lays the golden eggs,\"" he told Reuters last week. Retail rents in the United States have increased by 2.6% a year over the past three years, and currently average $21.80 per square foot, according to real estate analytics company CoStar Group CSGP.O. However, the coronavirus crisis has lead the firm to estimate retail rents falling anywhere from 8% to 13% in 2020. One of Coach's landlords is the United States' biggest mall operator- Simon Property Group SPG.N, which reports first quarter results later on Monday. The company's outlook on the next few months will be more closely watched than ever before, as it begins to slowly reopen malls, while dealing with tenants that have either gone out of business or are nearing the edge. Simon and rival Macerich Co MAC.N, which also reports this week, both own malls that count J.C. Penney & Co JCP.N as a tenant. Reuters reported on Friday the department store operator is preparing to file for bankruptcy protection with plans to permanently close about a quarter of its roughly 850 stores. \""Here's the problem- a lot of the other smaller retailers can void their leases and have recourse to stop paying rent if those big anchor stores aren't there any more.\"" said Scott Crowe, chief investment strategist at CenterSquare. \""90% of the malls in this country won't be here in year,\"" Crowe said. Gap Inc GPS.N, one of Simon's biggest tenants, said in April it would save about $115 million per month by ceasing paying rent for its stores in North America, many of which may not reopen even after the economy comes fully back on line. JUST PRETENDING While many are genuinely just trying to find a way through the financial mess left by the shutdowns, landlords and sector analysts say some retail names with significant financial backing are simply seeking to use the crisis to force their interests. CenterSquare's Crowe, who overseas some the of the firm's $200 million worth of U.S. real estate, said some of those big chains are using that leverage to play hardball in rent negotiations and warned of repercussions. Big national chains sign long-term leases and drive foot traffic to surrounding stores, giving them more leverage - and better deals - with landlords who are at risk of defaulting on their own debts. Jackson Hsieh of retail property group Spirit Realty SRC.N says he has received deferral requests for almost half of April's rents. Spirit owns just under 1,800 properties in 48 states. Its biggest tenants include Home Depot, Walgreens and Church's Chicken. \""We started to get requests from people who really didn't deserve a deferral,\"" he says. \""Three investment grade companies asked for a deferral. I said if you don't pay, we'll default you and they paid.\"" Mall rents have surged over the last decade pnghttps://tmsnrt.rs/2WzD3qK (Reporting by Uday Sampath and Medha Singh in Bengaluru; Editing by Patrick Graham, Vanessa O'Connell and Diane Craft) ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223 8780; Twitter: @sampath_uday; Reuters Messaging: UdaySampath.Kumar.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""U.S. landlords, retailers play hardball as mall rent collections plunge By Uday Sampath Kumar and Medha Singh May 11 (Reuters) - Tapestry Inc TPR.N Chief Executive Officer Jide Zeitlin has been negotiating lower rents for the company's Coach and Kate Spade stores for more than a month, using the brands' power to draw in U.S. mall traffic as leverage in tough talks with landlords. The company, whose handbags have won it a place among the big names of the fashion world, is just one of a raft of major U.S. retailers seeking to lower rent bills to make sure they have enough cash to weather the COVID-19 pandemic. But with thousands of stores closed under strict lockdown measures and multiple national retail chains crumbling, mall operators' rent collections have collapsed, raising doubts about their future. Mall operators collected only 15% of April rent and trends are looking worse for May, according to CenterSquare Investment Management, which specializes in real estate. After a decade of change that has shaken up the U.S. retail landscape and driven some out of business, Zeitlin says mall rents need to fall anyway for retailers' brick-and-mortar strategies to make sense. But the talks are still \""challenging and difficult\"" and he has a warning for his landlords: \""What they need to do is be really thoughtful about not killing the goose that lays the golden eggs,\"" he told Reuters last week. Retail rents in the United States have increased by 2.6% a year over the past three years, and currently average $21.80 per square foot, according to real estate analytics company CoStar Group CSGP.O. However, the coronavirus crisis has lead the firm to estimate retail rents falling anywhere from 8% to 13% in 2020. One of Coach's landlords is the United States' biggest mall operator- Simon Property Group SPG.N, which reports first quarter results later on Monday. The company's outlook on the next few months will be more closely watched than ever before, as it begins to slowly reopen malls, while dealing with tenants that have either gone out of business or are nearing the edge. Simon and rival Macerich Co MAC.N, which also reports this week, both own malls that count J.C. Penney & Co JCP.N as a tenant. Reuters reported on Friday the department store operator is preparing to file for bankruptcy protection with plans to permanently close about a quarter of its roughly 850 stores. \""Here's the problem- a lot of the other smaller retailers can void their leases and have recourse to stop paying rent if those big anchor stores aren't there any more.\"" said Scott Crowe, chief investment strategist at CenterSquare. \""90% of the malls in this country won't be here in year,\"" Crowe said. Gap Inc GPS.N, one of Simon's biggest tenants, said in April it would save about $115 million per month by ceasing paying rent for its stores in North America, many of which may not reopen even after the economy comes fully back on line. JUST PRETENDING While many are genuinely just trying to find a way through the financial mess left by the shutdowns, landlords and sector analysts say some retail names with significant financial backing are simply seeking to use the crisis to force their interests. CenterSquare's Crowe, who overseas some the of the firm's $200 million worth of U.S. real estate, said some of those big chains are using that leverage to play hardball in rent negotiations and warned of repercussions. Big national chains sign long-term leases and drive foot traffic to surrounding stores, giving them more leverage - and better deals - with landlords who are at risk of defaulting on their own debts. Jackson Hsieh of retail property group Spirit Realty SRC.N says he has received deferral requests for almost half of April's rents. Spirit owns just under 1,800 properties in 48 states. Its biggest tenants include Home Depot, Walgreens and Church's Chicken. \""We started to get requests from people who really didn't deserve a deferral,\"" he says. \""Three investment grade companies asked for a deferral. I said if you don't pay, we'll default you and they paid.\"" Mall rents have surged over the last decade pnghttps://tmsnrt.rs/2WzD3qK (Reporting by Uday Sampath and Medha Singh in Bengaluru; Editing by Patrick Graham, Vanessa O'Connell and Diane Craft) ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223 8780; Twitter: @sampath_uday; Reuters Messaging: UdaySampath.Kumar.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Akre Capital Management, LLC Buys Adobe Inc, Live Nation Entertainment Inc, Brookfield Asset ..."", ""Weitz Investment Management Inc Buys CoStar Group Inc, SPDR Select Sector Fund - Financial, ...""]"
CSGP,2020-05-12,66.601,66.802,63.55,63.679,"[""Top 5 Buys of Chuck Akre's Firm in the \u2013st Quarter"", ""Top 5 Buys of Chuck Akre's Firm in the \u2013st Quarter"", ""Top 5 Buys of Chuck Akre's Firm in the \u2013st Quarter""]"
CSGP,2020-05-13,63.808,63.933,61.149,61.502,"[""CoStar Reports Purchase Of Ten-X Commercial For $190M In Cash"", ""CoStar Reports Purchase Of Ten-X Commercial For $190M In Cash"", ""CoStar Group To Acquire Ten-X For $190 Mln In Cash (RTTNews) - CoStar Group Inc. (CSGP), a provider of commercial real estate information, analytics and online marketplaces, said Wednesday that it plans to acquire Ten-X, Digital Auction Platform for Commercial Real Estate, for $190 million in cash. The company expects to close the deal in the third quarter of 2020. Ten-X is not expected to have a material impact to CoStar Group Adjusted EBITDA for the year. Ten-X was launched in 2009 with the goal of providing a digital transaction platform for effectively liquidating the large volume of distressed commercial real estate assets. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group (CSGP) Shares Cross Below 200 DMA In trading on Wednesday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed below their 200 day moving average of $613.86, changing hands as low as $611.49 per share. CoStar Group, Inc. shares are currently trading down about 3.4% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $489.97 per share, with $746.70 as the 52 week high point \u2014 that compares with a last trade of $615.02. Click here to find out which 9 other stocks recently crossed below their 200 day moving average \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Reports Purchase Of Ten-X Commercial For $190M In Cash""]"
CSGP,2020-05-14,60.995,64.853,60.496,64.746,"[""Real Estate Data Giant CoStar Buys Ten-X For $190M"", ""Real Estate Data Giant CoStar Buys Ten-X For $190M"", ""Real Estate Data Giant CoStar Buys Ten-X For $190M""]"
CSGP,2020-05-15,64.37,65.186,63.402,64.917,"[""Archon Partners LLC Buys CoStar Group Inc, JPMorgan Chase, MongoDB Inc, Sells HCA Healthcare ..."", ""Archon Partners LLC Buys CoStar Group Inc, JPMorgan Chase, MongoDB Inc, Sells HCA Healthcare ..."", ""3 Reasons I'm Hoarding Cash Instead of Buying Stocks Right Now Looking back now, the last few weeks have been one of the biggest bonanzas investors have ever witnessed. Since the market bottom on March 23, the S&P 500 has rallied as much as 35% in a little more than a month. The tech-heavy Nasdaq, meanwhile, gained as much as 40% since its bottom, and was even in positive territory for the year before a recent pullback. You don't have to look hard to find multi-baggers, either. Shares of Wayfair (NYSE: W), the online home goods seller, skyrocketed more than 800% from trough to peak in just a matter of weeks. Carvana (NYSE: CVNA), the fast-growing online used car dealer, surged 354%, and United Natural Foods (NYSE: UNFI), a wholesale food distributor and supermarket operator, has soared as much as 367%. Dozens of stocks have hit all-time highs, and the S&P 500 is now trading at levels seen as recently as last summer, while the Nasdaq hit marks from January. Given the dismal economic data and the uncertainty around the COVID-19 pandemic, however, it's worth asking if stocks deserve to be at such elevated levels. Though I've made a few small purchases in recent weeks, I've been saving up cash to invest when the market's more favorable. Here's why investors could see better opportunities in the coming months. Image sources: Getty Images. 1. The reopenings are hardly grand The latest reason for investor euphoria is that states have begun to reopen their economies. It's true that a number of states have lifted stay-at-home orders, but the reality is that the post-lockdown economies in these states are barely recognizable. Social distancing is still de rigeur across the country, which means that a normal, functioning economy is impossible. In Texas, for example, restaurants in most of the state are limited to just 25% capacity for dine-in customers. A number of small business owners in these states are reluctant to reopen their businesses over fears of the virus (or that customers will stay away because of it), and polls show that most Americans are more worried about shutdown protocols being lifted too soon rather than too late. Schools remained closed in almost every state, and districts are formulating plans for remote learning in the fall, as students might still not be able to attend in person. The California State University system has already cancelled most in-person classes for the fall, and Los Angeles County, the nation's biggest, said its stay-at-home order would last at least through July. Without schools reopening broadly, which means not just kids returning to school but tens of millions of parents being freed from their duties as assistant teachers, a return to a normal economy is a fantasy. Image source: Getty Images. 2. The most vulnerable industries are being devastated The tech industry deserves much of the credit for the stock market's rebound. The big five (Apple, Alphabet, Microsoft, Amazon, and Facebook) have all approached all-time highs, or even set them in recent weeks, and stocks in areas like cloud computing and e-commerce have surged as well. It's clear why: Tech has been mostly insulated from the effects of the pandemic, and some areas like e-commerce, video streaming, and gaming are even benefiting from it. That strength -- which may be more vulnerable than it looks -- has obscured the fact that a number of other industries have been devastated by the pandemic. Those include travel, entertainment, restaurants, retail, real estate, construction, manufacturing, finance/banking, agriculture, transportation, media/advertising, and energy, as well as the public sector and non-profits. Some of those are getting hit harder than others, but almost all have experienced record losses in recent weeks due to shutdowns and the impact of the pandemic. For some industries, business as usual won't return until social distancing measures go away. The CEOs of both Delta and Boeing expect a full recovery for the airline industry to take two to three years, and Boeing CEO David Calhoun predicted that at least one of the major airlines would declare bankruptcy later this year. Restaurants and retailers will struggle to bring customer traffic back to normal levels as long as the virus is lurking, and no one knows when Americans will be able to pack sports stadiums or concerts again, or visit a place like Disney World, without strict coronavirus protocols. And while the tech sector makes up a significant percentage of the stock market's value, it employs relatively few Americans. It can't carry the economy on its own. Image source: Getty Images. 3. There's still a lot of pain ahead There's been a lot of talk among the financial media, politicians, and corporate chieftains about the recovery, but this crisis is still young. The initial impact only started weeks ago, and the second- and third-order effects are still developing. In the last crisis, housing prices actually peaked in 2006, but the unraveling didn't begin until 2008. We already know unemployment is at double digits and consumer spending is plunging, but the consequences of initial economic impacts and cultural shifts aren't fully clear yet. For example, what happens if work-from-home policies become permanent and corporations bail on high-priced office leases, as some have already announced? That doesn't just spell trouble for commercial landlords, but for pension funds, banks, and others holding those commercial mortgage-backed securities as well, as landlords could easily go into default. In total, office real estate in the U.S. was worth $2.5 trillion in 2018, and the industry looks much less secure than it did just a few months ago. With so many service workers now unemployed, there is a similar risk of collapse in the home rental market, worth $2.9 trillion according to Nareit and Costar. Malls were struggling before the pandemic, and are particularly poorly suited to social distancing, putting them at risk of default. And the student debt bubble, which has soared from $300 billion in 2003 to $1.5 trillion in inflation-adjusted dollars, also looks ripe to burst with so many now unemployed. With campuses now shut down, the value and the future of a college education are being questioned now more than ever. Elsewhere, there's the risk of massive small business failures, as most have less than one month of cash on hand and can't survive more than six months of shutdown-like conditions. Then there's the prospect of another wave of infections that forces businesses to close and deals another setback to the economy. Right now, after more than a 30% bounce, the stock market is priced as if the risk from the pandemic is almost entirely in the past, and the best-case scenario is the most likely. While it may be true that the worst of the outbreak has passed in terms of the death toll, there's still plenty of economic risk ahead -- especially as the response to the outbreak and the reopening of the economy need to be carefully managed. Optimism never runs in short supply on Wall Street or corporate board rooms, but during this crisis the usual embellishment and positivity have turned into outright magical thinking. Don't be fooled by the market's recent rally. At these prices, there's a lot more that could go wrong than right. 10 stocks we like better than United Natural Foods When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and United Natural Foods wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 16, 2020 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jeremy Bowman owns shares of Amazon and Facebook. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Facebook, Microsoft, and Wayfair. The Motley Fool recommends CoStar Group and Delta Air Lines and recommends the following options: long January 2021 $85 calls on Microsoft, short January 2021 $115 calls on Microsoft, short January 2022 $1940 calls on Amazon, and long January 2022 $1920 calls on Amazon. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Archon Partners LLC Buys CoStar Group Inc, JPMorgan Chase, MongoDB Inc, Sells HCA Healthcare ...""]"
CSGP,2020-05-18,65.839,67.756,65.54,65.872,
CSGP,2020-05-19,67.181,68.001,66.311,67.466,"[""CoStar Group Filing Shows Registration For Mixed Securities Shelf Offering, No Size Disclosed"", ""CoStar Group Announces $1.25B Common Stock Offering"", ""CoStar Group Announces $1.25B Common Stock Offering"", ""CoStar Group Filing Shows Registration For Mixed Securities Shelf Offering, No Size Disclosed"", ""VXF, BX, LULU, CSGP: ETF Inflow Alert Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Extended Market ETF (Symbol: VXF) where we have detected an approximate $299.6 million dollar inflow -- that's a 4.0% increase week over week in outstanding units (from 68,769,906 to 71,535,390). Among the largest underlying components of VXF, in trading today Blackstone Group Inc (Symbol: BX) is up about 1.4%, lululemon athletica inc (Symbol: LULU) is down about 0.3%, and CoStar Group, Inc. (Symbol: CSGP) is higher by about 2.3%. For a complete list of holdings, visit the VXF Holdings page \u00bb The chart below shows the one year price performance of VXF, versus its 200 day moving average: Looking at the chart above, VXF's low point in its 52 week range is $74.1882 per share, with $133.06 as the 52 week high point \u2014 that compares with a last trade of $108.38. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average \u00bb. Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Announces $1.25B Common Stock Offering"", ""CoStar Group Filing Shows Registration For Mixed Securities Shelf Offering, No Size Disclosed""]"
CSGP,2020-05-20,66.097,68.766,66.097,67.883,
CSGP,2020-05-21,65.4,65.524,63.633,64.36,"[""CoStar Group Prices Upsized 2.29M Share Common Stock Offering @$655/Share"", ""CoStar shares are trading lower after the company announced a common stock offering of 2.29 million shares at $655 per share."", ""CoStar shares are trading lower after the company announced a common stock offering of 2.29 million shares at $655 per share."", ""CoStar Group Prices Upsized 2.29M Share Common Stock Offering @$655/Share"", ""Nasdaq 100 Movers: CSGP, ROST In early trading on Thursday, shares of Ross Stores topped the list of the day's best performing components of the Nasdaq 100 index, trading up 7.7%. Year to date, Ross Stores has lost about 15.9% of its value. And the worst performing Nasdaq 100 component thus far on the day is CoStar Group, trading down 3.7%. CoStar Group is showing a gain of 9.2% looking at the year to date performance. Two other components making moves today are Illumina, trading down 2.8%, and United Airlines Holdings, trading up 3.4% on the day. VIDEO: Nasdaq 100 Movers: CSGP, ROST The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar shares are trading lower after the company announced a common stock offering of 2.29 million shares at $655 per share."", ""CoStar Group Prices Upsized 2.29M Share Common Stock Offering @$655/Share""]"
CSGP,2020-05-22,64.54,66.205,64.4,65.91,
CSGP,2020-05-26,67.287,67.934,66.201,66.399,
CSGP,2020-05-27,66.156,66.156,63.5,65.728,
CSGP,2020-05-28,65.728,66.756,64.388,64.709,
CSGP,2020-05-29,65.018,65.77,64.391,65.68,
CSGP,2020-06-01,65.216,66.524,65.2,65.692,
CSGP,2020-06-02,65.943,66.205,64.665,66.004,
CSGP,2020-06-03,66.166,66.915,65.373,65.98,
CSGP,2020-06-04,65.17,66.66,64.398,65.274,
CSGP,2020-06-05,65.334,66.912,64.966,66.7,
CSGP,2020-06-08,67.15,68.579,66.078,68.515,
CSGP,2020-06-09,68.686,69.521,67.898,69.165,
CSGP,2020-06-10,69.29,70.137,68.345,69.659,
CSGP,2020-06-11,68.907,69.072,65.688,65.714,
CSGP,2020-06-12,67.082,67.323,64.922,66.809,
CSGP,2020-06-15,65.196,66.484,64.646,66.315,
CSGP,2020-06-16,68.237,69.35,67.331,67.775,
CSGP,2020-06-17,68.01,69.111,68.01,68.944,
CSGP,2020-06-18,68.911,70.22,68.911,70.118,
CSGP,2020-06-19,71.32,71.588,70.363,71.068,
CSGP,2020-06-22,71.149,72.228,70.676,72.187,"CoStar Group Reaches Analyst Target Price In recent trading, shares of CoStar Group, Inc. (Symbol: CSGP) have crossed above the average analyst 12-month target price of $708.54, changing hands for $710.90/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 11 different analyst targets contributing to that average for CoStar Group, Inc., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $650.00. And then on the other side of the spectrum one analyst has a target as high as $840.00. The standard deviation is $54.802. But the whole reason to look at the average CSGP price target in the first place is to tap into a ""wisdom of crowds"" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with CSGP crossing above that average target price of $708.54/share, investors in CSGP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $708.54 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover CoStar Group, Inc.: RECENT CSGP ANALYST RATINGS BREAKDOWN » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 8 7 7 7 Buy ratings: 2 2 1 1 Hold ratings: 1 1 1 1 Sell ratings: 0 0 0 0 Strong sell ratings: 1 1 1 1 Average rating: 1.67 1.73 1.7 1.7 The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on CSGP — FREE. The Top 25 Broker Analyst Picks of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-06-23,72.365,72.694,71.842,72.457,
CSGP,2020-06-24,74.711,74.711,69.068,69.142,"Financial Sector Update for 06/24/2020: CSGP,BX,XP,YRD Financial stocks continued their retreat in afternoon trading, with the NYSE Financial Index dropping 3.4% while the SPDR Financial Select Sector ETF was falling 3%. The Philadelphia Housing Index also declined 2.8%. In company news, CoStar Group (CSGP) was nearly 4% lower after earlier Wednesday announcing plans for a private placement of its senior unsecured notes maturing in 2030. The commercial real estate analytics company will use the net proceeds to repay debt and to fund potential acquisitions, working capital and other general corporate purposes. CoStar Wednesday also said it closed on its $190 million purchase of real estate e-commerce company Ten-X. Blackstone Group (BX) declined 3% on Wednesday amid reports the asset manager received about $300 million from the sale of a minority stake in the Embassy Office Parks REIT. Blackstone previously had been expecting to pocket around $257 million through from the stock sale, which was increased in size because of investor interest, Business Insider India said. XP (XP) fell 9%. The Brazilian financial technology company late Tuesday reported a 13% increase in total assets under custody on May 31 compared with the end of the prior month, rising to BRL412 billion. Yiren Digital (YRD) slid almost 16% after the Chinese consumer lender reported Q1 net income of RMB0.21 per American depositary share, down from its RMB3.96 per ADS profit during the same quarter last year while revenue declined 48.5% year-over-year to RMB1.02 billion. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-06-25,69.037,70.741,68.0,70.623,
CSGP,2020-06-26,70.516,71.282,68.803,69.107,
CSGP,2020-06-29,69.511,69.635,68.422,69.163,
CSGP,2020-06-30,69.25,71.635,68.931,71.067,
CSGP,2020-07-01,71.01,72.6,70.872,71.863,
CSGP,2020-07-02,72.618,72.618,71.478,71.811,
CSGP,2020-07-06,72.421,73.928,71.959,72.624,
CSGP,2020-07-07,72.194,73.772,72.138,72.334,
CSGP,2020-07-08,73.045,73.266,71.505,73.0,"Why CoStar Group Gained 19% Through the First Half of the Year What happened Shares of CoStar Group (NASDAQ: CSGP) tacked on 19% through the first six months of the year, according to data from S&P Global Market Intelligence, as the data-driven real estate business was able to bounce to back from the market crash and as the company delivered solid results. The stock fell sharply in March but recovered strongly as the real estate industry quickly became active after the shutdowns. ^SPX data by YCharts So what CoStar started off the year strong, riding bullish sentiment in the market, and the stock jumped in February after the company announced that it would acquire RentPath out of bankruptcy for $588 million in cash. RentPath owns real estate listing sites such as rent.com, apartmentguide.com, and rentals.com and had 21 million monthly visitors last year. The business will complement CoStar's existing listings business, which includes apartments.com. Wall Street cheered the move, sending the stock up 11%. Image source: Getty Images. The company posted better-than-expected results in its fourth-quarter earnings report at the end of February, with revenue up 17% and net income increased 32%. However, the stock fell as the broad market had started crashing over concerns about the coronavirus. Costar rebounded from the pandemic successfully as interest in real estate rapidly recovered, and the stock popped at the end of April on its first-quarter report, as the company again topped estimates with revenue increasing 19% even as profits fell from costs related to COVID-19. The company held a secondary offering in May, taking advantage of the stock's high price, and also raised $1 billion in a debt offering in June. Now what CoStar's rebound mirrored that of other real estate stocks like Zillow and Redfin as Americans quickly returned to the real estate market after the shutdown orders ended, eager for suitable housing as needs changed. Given the tailwinds in the industry, CoStar's recent acquisition of Rentpath, and its strong growth , the company looks set to continue outperforming the broad market. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Redfin and Zillow Group (A shares). The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-07-09,73.001,73.085,71.663,72.625,
CSGP,2020-07-10,72.448,72.71,71.499,72.203,"Downtown Toronto's available office sublets surge as pandemic shrinks space needs By Nichola Saminather TORONTO, July 10 (Reuters) - Companies with downtown Toronto offices are offering the most space for sublet in four years, as the coronavirus pandemic shrinks their requirements and creates an uncertain future, data from the CoStar Group shows. There was 1.4 million square feet (130,064 square meters) available for sublet in leased downtown Toronto offices in the three months ended June 30, more than double that of a year ago, according to the data shared with Reuters. That was 22.5% of all available office space in downtown Toronto, up from 10.9% a year earlier. While the increase has raised downtown office vacancy rates to 3.6%, the highest since the beginning of 2018, from 3% a year earlier, vacancies could rise even further as sublet space continues to enter the market, while few takers materialize. ""Who's going to take this space is the question mark,"" said Roelof van Dijk, director of market analytics for Canada at CoStar. ""Very few companies are doing deals during this downturn."" If challenging conditions persist, or a coronavirus vaccine fails to materialize by the time leases come up for renewal, ""that’s when we're going to really see the rethinking of space requirements by tenants,"" he added. Companies would likely try to renegotiate to take less space or exit their leases altogether, he said. The increase in vacancies comes even as 8.8 million square feet of office buildings remain under construction in downtown Toronto, a CBRE Group first-quarter report said. ""A majority of that space is pre-leased; however, the tenants ... are coming from older buildings,"" van Dijk said. Particularly with the increased focus on health resulting from the pandemic, many older buildings ""will need to invest in upgrading their elevators, (air conditioning and ventilation systems) et cetera to remain competitive."" (Reporting by Nichola Saminather in Toronto Editing by Matthew Lewis) ((Nichola.Saminather@thomsonreuters.com +1 416 687-7604;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-07-13,72.091,72.191,68.258,68.41,"Moderna's stock shoots up as it is set to join the Nasdaq 100 Shares of Moderna Inc. shot up 9.3% in morning trading Monday, after Nasdaq said it was adding the drugmaker to the Nasdaq 100 Index , before the market opens on July 20. The index includes the 100 largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. Moderna's stock has more than tripled year to date, up 250%, to lift the companies market cap to $26.56 billion, amid investor optimism over the companies investigational COVID-19 vaccine candidate. In comparison, the Nasdaq 100 has rallied 26.2% this year and the S&P 500 has slipped 0.3%. Nasdaq said Moderna will be replacing CoStar Group Inc. in the Nasdaq 100, due to ""reclassification based on industry classification benchmark. Shares of CoStar, which provides commercial real estate information and analytics, fell 1.2%."
CSGP,2020-07-14,67.67,68.387,66.204,67.999,"Moderna Graduates to a Major Nasdaq Index Continuing a stellar rise that has placed it atop the list of coronavirus stocks, Moderna (NASDAQ: MRNA) will soon become a component of a top equities index. Nasdaq (NASDAQ: NDAQ) announced Monday that the popular biotech company will be part of its Nasdaq 100 Large-Cap Index effective prior to market open next Monday, July 20. Moderna will also be on the associated Nasdaq-100 Equal Weighted Index and the Nasdaq-100 Ex-Tech Sector Index. The core Nasdaq 100 is, like the wider exchange itself, occupied largely by tech companies. The move will see Moderna displace real estate company CoStar Group (NASDAQ: CSGP). Image source: Moderna. Moderna has attracted intense investor attention lately, due to what many consider its front-runner status in developing a vaccine for the coronavirus. The company's mRNA-1273 vaccine candidate is deep in phase 2 clinical testing, and was to start a phase 3 trial this month (although this has apparently been delayed). Moderna is far from the only biotech company developing a vaccine candidate to treat the disease, which is still spreading rapidly. But the relatively quick pace with which it's brought along mRNA-1273 has vaulted it into a leading position. This helped convince the government to put it on the list of companies included in the federal Operation Warp Speed coronavirus vaccine and treatment program; Moderna is also receiving government funds to aid in the development process. A great many Moderna bulls are prowling the market, and on Monday they bid the company's share price up by nearly 15%. That trounced the relatively modest gains of the top equity indexes on the day. 10 stocks we like better than Moderna INC When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Moderna INC wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group and Nasdaq. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-07-15,68.242,69.241,67.793,69.174,
CSGP,2020-07-16,68.461,69.655,67.17,69.555,
CSGP,2020-07-17,70.099,71.451,68.905,70.622,
CSGP,2020-07-20,70.227,70.959,69.745,70.67,
CSGP,2020-07-21,71.672,71.672,70.047,70.832,"Notable ETF Inflow Detected - IYR, CSGP, AVB, WELL Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Real Estate ETF (Symbol: IYR) where we have detected an approximate $175.8 million dollar inflow -- that's a 6.0% increase week over week in outstanding units (from 37,750,000 to 40,000,000). Among the largest underlying components of IYR, in trading today CoStar Group, Inc. (Symbol: CSGP) is up about 0.2%, AvalonBay Communities, Inc. (Symbol: AVB) is down about 0.1%, and Welltower Inc (Symbol: WELL) is up by about 1.2%. For a complete list of holdings, visit the IYR Holdings page » The chart below shows the one year price performance of IYR, versus its 200 day moving average: Looking at the chart above, IYR's low point in its 52 week range is $56.27 per share, with $100.75 as the 52 week high point — that compares with a last trade of $78.74. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ». Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs had notable inflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-07-22,71.011,71.117,70.063,70.504,
CSGP,2020-07-23,70.879,71.869,69.578,69.863,
CSGP,2020-07-24,69.578,70.56,68.308,70.377,
CSGP,2020-07-27,70.79,72.157,69.718,71.917,
CSGP,2020-07-28,71.772,72.836,71.252,71.674,"CoStar Group Q2 20 Earnings Conference Call At 5:00 PM ET (RTTNews) - CoStar Group Inc. (CSGP) will host a conference call at 5:00 PM ET on July 28, 2020, to discuss Q2 20 earnings results. To access the live webcast, log on to http://investors.costargroup.com To listen to the call, dial (833) 714-0936 (US) or (778) 560-2890 (International), Conference ID 9066087. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-07-29,93.9,93.9,78.543,82.914,"[""Why CoStar Group Stock Just Popped 12% What happened Shares of online real estate information and analytics company CoStar Group (NASDAQ: CSGP) are getting a big lift this morning after the company reported Q2 earnings Tuesday. As of 11:19 a.m. EDT today, the stock was up more than 12%. Expected to earn $2 a share on sales of $390.2 million for the quarter, CoStar instead reported $2.34 in pro forma profit and sales of $397.2 million. Image source: Getty Images. So what Actual GAAP income for the quarter wasn't as good as the pro forma number: just $1.60 per share, and down 7.5% year over year. Still, coronavirus or not, CoStar managed to grow its revenue 16% year over year in Q2, including at least one record sales month in the quarter. Partly, this was due to the company's acquisition of online real estate marketplace Ten-X and incorporation of its revenue stream. But management also noted that \""traffic to our Apartments.com and LoopNet marketplaces are at record levels, exceeding pre-pandemic levels,\"" and unique visitors to the company's websites are up 13% sequentially from Q1, before the coronavirus impact had really begun making itself felt. Now what Management did not give GAAP guidance for earnings, saying only that its pro forma profits will range from $2 to $2.10 in Q3, and from $9.22 to $9.42 for the full year. Revenue-wise, CoStar predicted that Q3 sales growth will be even stronger than in Q2, ranging from $415 million to $420 million, and thus up about 18% from Q3 2019 levels. And when all is said and done, 2020 will see the company's sales up 17% from 2019 levels at perhaps $1.64 billion. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, Inc. (CSGP) Q2 2020 Earnings Call Transcript Image source: The Motley Fool. CoStar Group, Inc. (NASDAQ: CSGP) Q2 2020 Earnings Call Jul 28, 2020, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by and welcome to the CoStar Group's Second Quarter 2020 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]. I would now like to hand the conference over to your speaker today, Sarah Spray, Investor Relations. Thank you. Please go ahead. Sarah Spray -- Vice President, Investor Relations Thank you. Good evening and thank you all for joining us to discuss the second quarter 2020 results of the CoStar Group. Before I turn the call over to Andy Florance, CoStar's CEO and Founder; and Scott Wheeler, our CFO, I would like to review our safe harbor statement. Certain portions of the discussion today may contain forward-looking statements, including expectations for the third quarter and full year 2020. Forward-looking statements involve many risks, uncertainties, assumptions, estimates and other factors that can cause actual results to differ materially from such statements. Important factors that can cause actual results to differ include, but are not limited to, those stated in CoStar Group's press release issued earlier today and in our filings with the SEC including our most recent annual report on Form 10-K and quarterly report on Form 10-Q, under the heading Risk Factors. All forward-looking statements are based on information available to CoStar on the date of this call. CoStar assumes no obligation to update these statements whether as a result of new information, future events or otherwise. Reconciliation to the most directly comparable GAAP measure to the non-GAAP financial measures discussed on this call including EBITDA, adjusted EBITDA, non-GAAP net income and forward-looking non-GAAP guidance are shown in detail in our press release issued today along with definitions for those terms. The press release is available on our website located at costargroup.com under Press Room. As a reminder, today's conference call is being webcast and the link is also available on our website under Investors. Please refer to today's press release on how to access replay of this call. And with that, I would like to turn over to our Founder and CEO, Andy Florance. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thank you, Sarah. Good evening and thank you for joining us today for CoStar's second quarter 2020earnings call A caveat, I see a large thunderstorm rolling into my position, so if I get disconnected, Scott Wheeler, our CFO will pick up my script and deliver it, not quite as well as I do, but he'll muddle through. So going into the second quarter, it has been one of the most difficult to predict quarters in my decades of experience. It'd be hard to ever imagine the scale of dislocation our country is experiencing. Yet, despite the challenges we face so far, our team here at CoStar Group has performed exceptionally well turning in one of our strongest quarters ever. We grew revenue 16%, increased adjusted EBITDA 17%, set a record sales month, raised $2.7 billion in equity and debt into the equity and debt markets and acquired Ten-X all while working 100% from remote locations. Traffic to our Apartments.com and LoopNet marketplaces rose to new record levels, exceeding pre-pandemic levels. We had 62 million monthly unique visitors on our platforms in the second quarter, an increase of 13% over our record traffic levels of 55 million monthly unique visitors reached in the first quarter of 2020. I hope you can agree with me that these results indicate that our business is not only resilient, but is in fact countercyclical. Our business, like I believe most businesses, was slowed in the first part of the quarter as people adjusted to the new normal. It has progressed back in each month this quarter eventually reaching our best sales results ever in June. CoStar, LoopNet, Apartments.com, LandsofAmerica, BizBuySell, Real Estate Manager, Risk Analytics and STR, all showed positive growth in the month of June. In a world of social distancing our digital marketplace has uniquely enabled our clients to continue their mission-critical leasing efforts. While many were debating whether recovery would be V-shaped, CoStar Group's recovery to-date looks more like a check mark. While I believe the challenges from the pandemic are far from over, the progressive improvements in our operating results each month throughout the second quarter gives us greater confidence in the positive outlook for our business. CoStar Group's total revenue grew 16% year-over-year to $397 million. Across the second quarter, our sales force brought in $35 million of net bookings with $22 million of that being in June alone. Our Marketplace businesses delivered strong revenue growth with Apartments.com growing 21% and LoopNet growing 18% year-over-year in the second quarter. Our net income was strong at $60 million. Our overall EBITDA was well ahead of expectations at $109 million, an increase of 17% year-over-year. And our non-GAAP net income per share of $2.34 was up 5%, well ahead of expectations regardless of the 2% dilution from our equity raise in May. Apartments.com was truly the countercyclical stand out in Q2, hitting new records throughout the quarter. Net new sales were up 33% against our previous record set in the second quarter of 2019. In fact, every single month this quarter, our sales hit a new record high. In the true and accurate words of Paige Forrest, our Head of Multifamily Sales, every single benchmark was blown away. We had a series of all-time record high traffic numbers for our Apartments network sites during the quarter, including 23 million average monthly unique visitors, up 6% year-over-year and 200 million visits, up 16% year-over-year, according to ComScore. Our Apartments.com sales force logged a 58% increase in quality meetings and interactions with our clients, delivering critical service to our customers at a time of significant challenges for their business. Apartments hit a new quarterly record revenue of $146 million. This June, the largest annual multi-family industry conference, the National Apartment Association Conference was postponed due to the pandemic. This conference is a significant customer event for Apartments.com and typically makes June our best sales month of the year. Without the possibility of meeting in person, we organized and produced a two-day virtual summer showcase event conducted entirely with video meetings. We lined up speakers from top-tech digital media and advertising companies, along with our own research staff and economists to speak on a range of topics from local market updates to marketing in anxious times, all in support of our customers. The event was a resounding success. Over 3,200 customers participated, resulting in connections to over 1,000 new customers. The customer response was tremendous and contributed to a record June in terms of net new sales, nearly 20% above the previous record and for less than 5% of the cost of the annual in-person event. We saved $4 million going digital. As announced last year, we've increased our marketing expense and we've increased our marketing investments in Apartments.com by nearly 50%. We plan to continue our increased investment in marketing despite the pandemic, because we believe that we can still generate an outsized ROI on that investment even in this environment. Based upon our results this quarter, we think we are in fact seeing an excellent ROI on that increased investment. Our Q2 marketing campaign highlights start with the launch of our new broadcast ads featuring the iconic Jeff Goldblum as Brad Bellflower, the inventor of the Apartminternet. These ads hit the airwaves at the end of March with increase of 12% more ads over our 2019 campaign, airing across an even wider variety of digital and streaming video platforms. This year, we also increased marketing via paid social and media and retargeting ads as well as addressable TV through personalized advertising- based on household composition. We raised our SEM spend significantly, leading to a higher frequency of number one positioning in a broad range of search terms. Overall, these paid initiatives led to a 57% increase in impressions. Paid advertising isn't the whole story either. Our continuous investment in the functionality of and content on our site helped to continue to fuel organic site traffic growth of 16% in Q2. We were also rewarded by new highs in unaided brand awareness, an important measure of the reach and effectiveness of our campaigns. And we are now leading the pack with Zillow in second place and Craigslist and Rent.com tied for third. We believe that strong and improving levels of consumer awareness is the key to our ultimate success in penetrating the broader rental markets and the timing and magnitude of our investment is clearly paying off. The strength of our business is evident in that we can make these aggressive investments in growing Apartments.com, while still generating $109 million of EBITDA in the quarter. We are focused on accelerating our sales penetration across all categories of rentals from the largest apartment buildings to mid-size apartment communities, to single-family homes, condos and townhouses. In late 2019, we added an inside sales team based in Richmond, Virginia to focus on selling Apartments.com solutions to owners of mid-sized and smaller apartment buildings in single-family dwellings. Nine months into launching this under 100 unit sales force, we're seeing great results. This quarter we grew our net new sales in the under 100 unit segment nearly 70% versus Q1 2020. Over the last 12 months, half of all advertisers we added 2,400 properties were in the sub 100 unit category. While -- when we acquired Apartments.com in 2014, little to no effort was made selling to apartment communities with under a 100 units. Now 16% of Apartments.com revenue comes from properties with under 100 units. This means that today, we have more revenue in the previously overlooked below 100 unit communities than Apartments.com had in total when we bought them. Clearly, there's demand for Apartments.com and rentals of all types big and small. But as much as we have sold, we're still less than 1% penetrated into the sub 100 unit segment. We are excited about the amazing multibillion-dollar scale of the opportunity we have here and plan to continue to build out the marketing efforts and sales teams to fully monetize our leading position. Some costs get behind us. On June 9th, the bankruptcy court signed off on RentPath Chapter 11 plan and our acquisition proposal as part of the plan, so the remaining hurdle is the FTC process. On April 29th, we received a second request as part of the FTC approval process for our proposed acquisition of RentPath. This was anticipated and we are responding quickly to the request. Should we get approval to close the transaction, it would be completed within the three to 12 month time frame that we gave in February. In the meantime, we continue to compete aggressively in the market as always. We believe that we are continuing to take significant market share away from RentPath because we offer vastly superior traffic, more exposure and thus more leads and leases. Over this past quarter, we began integration of our successful lender Risk Analytics solutions in the CoStar Suite. Productizing these solutions into the larger platform will allow CoStar to expand its reach from the top-tier of CRE leaders to the many thousands of institutions that could greatly benefit from analytics-only available with CoStar data. For over a decade, our highly experienced risk analytics team has been a trusted source to lenders providing credit risk models for portfolio stress testing and loan-loss reserves used in regulatory reporting, examinations and for internal risk management. By leveraging curated CoStar property data and market research, we can provide up-to-the-minute information on our lender's collateral, allowing them to perform real-time performance surveillance. This is a capability unmatched in the industry. We think combining these time-proven models with CoStar data is a scalable -- in a scalable platform creates exceptional growth opportunity in the lending market. LoopNet finished the quarter on a strong note overcoming the market disruption that began in March and April caused by the pandemic. Monthly unique visitors are now tracking over 7 million, which is an all-time high beating the record set earlier this year. Net new sales improvement followed the improvement in traffic finishing June with net new sales up 91% year-over-year. To keep this momentum going, we have really leaned in with significant product enhancements and marketing efforts. We positioned LoopNet Diamond and Platinum level signature ads to property owners as powerful digital marketing innovation that generates unprecedented and differentiated marketing reach, frequency and branding for their valuable properties. Beginning in April, we dramatically expanded our use of broad retargeting to further increase the frequency, reach and brand enhancements with our top signature advertisers enjoy on LoopNet. With over 7 million unique monthly visitors, LoopNet is by far and away the most heavily trafficked commercial real estate website, so we believe we have the best insights into who is currently in the market for commercial real estate. Once we identify a prospective tenant or buyer on LoopNet, we retarget them across the Internet thereby increasing the critical frequency of use for our top signature ads by 600% above the great performance they're already getting. In addition to driving up the frequency of that valuable exposure for our advertisers, this retargeting investment has a benefit bringing a significant number of LoopNet visitors back to LoopNet for further reengagement. In addition to retargeting, we have launched a new program to leverage our database of 6 million tenants and digitally target them across the web and social media to bring these tenants to our advertisers' properties digitally. We've also added video conference-enabled CoTouring to LoopNet this quarter. This allows registered LoopNet users to invite colleagues to virtually tour potential spaces together. At the end of June, we closed our first virtual M&A deal with our acquisition of Ten-X. Ten-X is the leading innovator of online commercial real estate auctions, having completed more than $24 billion in property sales online. In the few weeks since we closed the deal, Ten-X has held two auctions, transacting an aggregate value of $50 million. We have approximately $400 million in aggregate value going to online auction over the next two weeks. Ten-X has been used by all the major brokerage firms in America to transact properties online and close deals faster. While Ten-X is used to transact both performing and distressed properties, it was borne out of the Great Recession and the need to liquidate a high volume of distressed properties quickly. We believe that Ten-X is highly countercyclical. If there is an increase in distressed commercial properties in the cycle, we believe that Ten-X will see an increase in auctions and revenue. We are starting to see tangible signs of financial distress in the commercial real estate market, the first being delinquencies which are clearly on the rise. This month, 30-day delinquencies jumped 5 percentage points versus June 2019. This is only 2 percentage points lower than the peak of the Great Recession. And this time around delinquencies are driven primarily by retail and lodging. In June of this year, we saw 7% of CMBS go 30 days delinquent, which could translate into over 3% of CMBS defaulting over the next few months. You may remember that one of the key synergies of the Ten-X acquisition is that we can leverage our millions of LoopNet visitors and global CoStar users to increase awareness of properties go into auction at Ten-X and thereby dramatically increase the potential bidder pool for properties. Auctions with three or more engaged bidders are much more likely to transact above the reserve than are auctions with just one or two bidders. More bidders drive more closed auctions, which we believe will draw more properties for sale, which in turn draws in more bidders. And all that generates more commissions for our brokers. One of the first steps we've taken is to move Ten-X auction candidates to the top of LoopNet and CoStar and present them as enhanced Diamond placements with enhanced retargeting which will dramatically increase their exposure to potential bidders. We will continue to invest in harvesting our unique data sets of millions of potential buyers and their search activities on our sites to digitally target them and draw these potential bidders to Ten-X. We're very excited about the enormous potential of this acquisition. This quarter, the STR business model has clearly proven its resilience in what must sadly be the darkest days of the hospitality industry in modern times. Remarkably, STR generated positive net new sales in Q2 and a recovery in ad hoc revenues that was a positive surprise. In April of this year, 19% of hotels in the U.S. were closed, but by this month, only 7% were closed. Looking elsewhere, in April, 98% of Spanish hotels were closed, but in contrast today, only 3% of the hotels in China remain closed. Globally, the hotel industry is slowly recovering from the bottom, although more recently, occupancy and demand have started to climb again in the U.S. But as long as hotels are open, STR is essential. With global occupancy rates in the mid-40s, 40%, and little hope of a quick recovery in business travel, it is very probable that we will see many hotels restructuring and changing hands. The lenders, investors and new owners will also need STR data in order to accomplish those transactions. As you know, our strategy is to combine STR hospitality data with CoStar's complementary building set in order to create new products that provide a full view of building data income and occupancy information, sales comps and for-sale information. We're making good progress on this step and hope to launch within the next year. We had two successful capital raising events in the quarter. In May, we issued $1.7 billion in equity. In June, two of the three rating agencies awarded our initial debt issue with an investment-grade rating wisely. As a result, we were able to issue $1 billion of 10-year debt with a coupon of 2.8% on July 1. Including our cash generation this quarter, this leaves us with a current cash balance of approximately $3.8 billion. This combined with our undrawn revolver of $750 million, gives us over $4.5 billion of firepower and growing. As we move forward to grow this business aggressively, we're positioned with a phenomenal balance sheet and are well prepared to take advantage of what we expect could be significant opportunities in the coming years. I'm grateful for the confidence of our investors -- grateful for the confidence that our investors have placed in us. Our investors are the 12th player on the CoStar football team and one of our Company's greatest strengths. We have a long successful history of acquisition integration, having made over 30 acquisitions since CoStar was founded. A number of our great acquisitions have been made during down cycles. Examples include COMPS.com which we purchased in 2000 at a 60% discount to the pre dot-com premium; and LoopNet, which we acquired in 2012, at a 40% discount to its pre-Great Recession premium. In total, acquisitions have provided about 30% of our revenue growth since our IPO, but it is how we integrate them and how they accelerate our organic growth that's more important. Taking the two examples of above; COMPS.com now brings in 8 times its acquisition level revenue, and LoopNet 4 times. It's this kind of discount and development potential that we aim to exploit in the coming years and why we view market stress as an opportunity rather than a concern. Over 7,000 proptech companies have emerged over the past decade or so. Probably 500 or so have truly viable business models that are interesting that create plenty of future M&A opportunity for CoStar Group. CoStar Group is the largest proptech company with the strongest balance sheet and the most experienced and successful M&A, so we believe we are well positioned to make a number of accretive acquisitions in the proptech space in the years to come. We are very patient and have always waited for the right opportunity. Digital real estate consolidation is clearly a very hot space right now. I think the proof point is Bill Foley's, Cannae and Senator launching a $7 billion hostile takeover bid for CoreLogic in the midst of a global pandemic. I'm very familiar with CoreLogic, since decades ago. As a young software engineer starting CoStar Group, I invented the first ever version of their flagship digital public records product. Perhaps my first M&A success for our investors was declining an offer from CoreLogic's predecessor company to acquire the fledgling CoStar Group for $250,000 in our first year of operations. I had thought we were aggressive in acquiring Ten-X in a friendly deal during a lockdown. But I must say that even leaving aside the clear antitrust issues, Foley has one upped us with the aggressiveness of seeking to operate a company acquired in a hostile takeover in the midst of a pandemic. Lastly, a few words on what we're seeing in the U.S. economy and commercial real estate. The rebound in the labor market that began in April was largely driven by workers coming off of furlough and reattaching to their previous jobs in restaurants and retail. However, as a second wave of infections has spread across areas of the South and Southwest, the momentum in job gains has predictably slowed as reopening plans were paused and reversed. The improvement in initial claims for unemployment has stalled at a level that is still more than double the worst single week during the Great Recession. Other high-frequency indicators and hiring seemed to have slowed as well, so it seems that the initial V-shape recovery in the labor market is likely to pause. And with the emergency unemployment benefit set to expire in some form at the end of the week, the sharp bounce back in retail sales could also be at risk. Looking at the commercial real estate market, the lockdown has affected demand drivers for every property type in very different ways. None have been as negatively impacted as hospitality and retail. The retail sector has shown a sharp bifurcation in property performance and rent collections between tenants deemed essential and those labeled non-essential with the former nearly unaffected. The vast majority of rent forbearance and delinquencies during the lockdown had come from hospitality and retail and we've seen a corresponding pickup in activity from clients in asset management and special servicing as well as from billions of dollars of opportunistic capital that have been raised in recent months. While certain parts of the industrial market have also been negatively impacted, the lockdown has accelerated positive trends for logistics. In fact once CoStar researchers' capture all the leases signed in the month of June, it looks like it will be a record month for industrial leasing volume all-time record. For multi-family data from Apartments.com suggests that the spring leasing season was disrupted as you would expect. Asking rents are largely flat year-to-date instead of the gains that are typically seen during the warmer months of the year. We're seeing more noticeable moves lower in the rents of four and five star properties in major metros, in the CBs predominantly, but these are also metros where there are record high levels of new supply coming into the market. Given this increased competition among landlords looking to fill newly delivered space, it's no surprise that Apartments.com continues to experience record sales months. The office sector is perhaps the most talked about property type of them all, and it's certainly the most heavily debated in the media. April leasing volume predictably dropped as the transition to work-from-home began and people were more worried about getting a new router delivered to their home office than looking at office space. That being said, April still saw nearly 15 million square feet of new leases signed. And as we move through the quarter, the number have increased sharply as the new cycle shifted from breathless stories about the benefits of remote work to ones about its obvious pitfalls. There seem to be fewer stories today about companies moving toward full-time work-from-home and we're hearing more about hub-and-spoke office models where firms are looking to lease additional spaces closer to residential nodes from where their employees are commuting. Even if we have a successful vaccine for immunity may be elusive and the realities of social distancing may be with us for years. In that context, I think it's highly likely that the amount of office space utilized at the workstation expands from a typical 36 square feet per workstation to a pi r- squared or 3.4 times 6 squared or 113 square feet from 36 square feet to 113 square feet. That could be a huge demand boost requiring tens of thousands of new office buildings, albeit in shifting geographies. Uncertainty has permitted the capital markets landscape -- permeated the capital markets landscape and we've seen a drop-off in deal volume, which registered at just over $46 billion in the second quarter of this year, about 30% of where it trended in 2019 and 40% of what we've seen over the last five years. Yet the absence of deal flow isn't a reflection of series -- commercial real estate's relevance waning, rather that investors and lenders are finding it difficult to underwrite deals in this uncertain environment and that there's a pricing disconnect between buyers hoping for a steep discount and sellers holding on to pre-pandemic valuations. We expect that rising vacancy, slowing or negative rent growth, and rising cap rates is likely to impair pricing and valuations by upwards of 10% relative to pre-COVID levels. These capital market trends illustrate the countercyclical nature of CoStar's business and its suite of products. During times of change and exogenous cyclicality, investors, owners, operators and lenders and tenants rely just as heavily on technology and data insights to inform their decisions and facilitate their deals operations and apartment searches on the Apartminternet. As we conclude our first quarter operating results in this terrible pandemic, I'm very grateful to all of my colleagues who continue to execute in our business at the highest levels of professionalism. My colleagues did not miss a beat and I have the greatest confidence in their ability to continue to deliver great results for our customers and investors, whatever the challenges we face in the quarters ahead. Our services clearly remain mission-critical. Our online marketplaces are providing critical support to tens of thousands of clients, maybe hundreds of thousands of clients who need our virtual leasing solutions to bridge them until we can return to the normalcy of an in-person property tour. This is a great quarter to be especially grateful to our great team, including you, our investors, the 12th player. At this call, having survived the thunderstorm without a power failure, I will turn the call over to our CFO, Scott Wheeler. Scott Wheeler -- Chief Financial Officer Well done. Thank you, Andy. You moved through that quite quickly to avoid the storm. Glad I didn't have to pick it up and read it, never quite the same coming from me. So, yeah, I'm also encouraged by our second quarter results and we've seen great improvements in each month of this quarter since the pandemic disruption began back in March and April. Our revenues in the second quarter of 2020 increased 16% over the second quarter of 2019, coming in above our 13% revenue growth guidance for the second quarter and $5 million above the high end of our revenue guidance range. Revenue growth in the second quarter excluding STR was 12% year-over-year. We did not record any revenue from the Ten-X acquisition in the second quarter. CoStar Suite revenue grew 8% in the second quarter of 2020 versus the second quarter of 2019 coming in at the high end of our guidance range. CoStar Suite sales hit a low point in April and improved throughout the quarter, with June sales for CoStar coming in as the strongest month of the quarter, resulting in positive net sales bookings for CoStar in the second quarter. This is certainly encouraging when you compare it to the '08 or '09 recession when net sales bookings for CoStar were negative for four consecutive quarters. We certainly didn't see that trend materializing in the second quarter. As the lower subscription sales levels this past quarter start to impact the second half revenue, the revenue growth rates for CoStar are expected to be sequentially lower for the third and fourth quarters of 2020. Accordingly, we now expect the revenue growth rates for CoStar Suite to be in the 6% to 7% range for the full year of 2020. At this time, we don't have any renewal price increases assumed in our full year outlook. Revenue in Information Services grew 47% year-over-year in the second quarter to $31 million coming in above the high-end of our guidance range. Overall, we expect reported revenue from Information Services to grow at a rate of approximately 45% on a year-over-year basis in 2020 with STR contributing revenue in the range of $52 million to $54 million for the year. Multifamily revenue growth for the second quarter was outstanding, improving to 21% over the second quarter of 2019. As Andy mentioned, we had record sales in multifamily in the second quarter, driven by an increase in the number of properties advertising with us, which went up 10% in the second quarter as well as growth in the average revenue per property, which increased 11% in the second quarter as properties continue to upgrade to increase our exposure. Based on continuing strong sales, we expect revenue growth of approximately 21% for the full year of 2020. Commercial property and land revenue grew 13% year-over-year in the second quarter, exceeding the high end of our guidance range. The LoopNet marketplace grew 18% year-over-year in the second quarter as sales results improved each month following a low point in March and April, very similar to CoStar. With LoopNet traffic now above pre-pandemic levels and the increased exposure that our signature ads are producing for our customers, we expect sales and revenue to improve sequentially in the second half of this year and thus perform more or like to the apartments' marketplace. For the full year, we expect organic growth for commercial property and land of approximately 13%. Beginning in the third quarter of 2020, we will be including Ten-X revenue in the commercial property and land category alongside LoopNet. Including forecasted revenue in the range of $25 million to $30 million in the second half of 2020 for Ten-X, we expect that the commercial property and land revenue growth rate will be approximately 25% to 28% for the full year of 2020. Our gross margins came in at 81% in the second quarter, exceeding our forecast of 80%. We now expect gross margins of 81% to continue for the remainder of the year. Our profitability was strong in the second quarter with net income, adjusted EBITDA and non-GAAP EPS results all ahead of the guidance that we issued in April. Our second quarter 2020 adjusted EBITDA of $129 million represents a 17% increase compared to adjusted EBITDA of $110 million in the second quarter of 2019. Q2 adjusted EBITDA was approximately $16 million above the midpoint of our guidance range. Approximately half of the favorable profit outcome was from higher revenues in the quarter and the other half was from holding overall spend levels in line with the first quarter of 2020. Our marketing costs increased seasonally in the second quarter, although less than expected, given some of the disruptions in April. Our hiring restrictions continued throughout the second quarter, resulting in modest headcount declines as attrition continues at slow paces and resulting in lower personnel costs. The resulting adjusted EBITDA margin of 32% is 350 basis points above the midpoint of our guidance range and it's in line with the margin we achieved in the second quarter of 2019. Now, let's take a look at the performance metrics for the quarter. At the end of the second quarter, our sales force totaled approximately 860 people, including approximately 60 salespeople from STR and Ten-X, which we've included for the first time in our reporting. Excluding STR and Ten-X, our sales force totaled approximately 800 people, which is in line with the sales headcount we had at the end of the first quarter of 2020. The renewal rate on annual contracts for the second quarter of 2020 was 89%, down approximately 100 basis points from the first quarter of 2020, which was better a result than the 200 basis point decline that we expected when we gave you our outlook last quarter. Our current forecast for renewal rate anticipates an additional decline of approximately 100 basis points in the third quarter with stabilization and gradual recovery expected thereafter. This is indeed a positive trend and testament to the value our customers place on our information. In the Great Recession of '08 and '09, our renewal rates declined approximately 800 basis points before recovering. We're not seeing anything near that type of a recession impact in this downturn. Renewal rates for the quarters for customers who've been subscribers for five years or longer was 95%, in line with the renewal rate of 95% in the first quarter of 2020. Subscription revenue on annual contracts accounts for 82% of our revenue in the second quarter of 2020, slightly below the 83% from the first quarter of 2020. Now, on to our outlook. We are reinstating revenue and earnings guidance for the remainder of 2020, given the stabilization and improvement in our sales and the operating results over the last 90 days. Although there's still potential for continued economic disruptions in the months ahead, we believe we can forecast the remainder of 2020 within a reasonable range of outcomes, given the relative predictability of our subscription revenue model. We currently expect revenue for the full year in a range of $1.63 billion to $1.64 billion, which represents a growth rate of 17% at the midpoint of the range compared to 2019. This estimate includes approximately $25 million to $30 million in revenue from Ten-X in the second half of the year. We expect revenue for the third quarter of 2020 in the range of $415 million to $420 million, representing topline growth of around 18% at the midpoint compared to the third quarter of 2019. This estimate includes approximately $12 million to $13 million in revenue from Ten-X. We expect adjusted EBITDA for the full year 2020 to be in the range of $515 million to $525 million, which is within $5 million of the previous full year guidance range of $520 million to $530 million that we provided back in February of this year prior to the impacts of the COVID-19 pandemic. Our current forecast assumes roughly breakeven adjusted EBITDA for Ten-X in the second half of the year. Our outlook for the year currently includes year-over-year increase in our marketing spend of approximately $80 million, which is a significant increase year-over-year, although lower than the full-year estimates we provided to you back in February. As Andy discussed, our marketing efforts are focused on the most effective digital and broadcast marketing channels for both Apartments.com and LoopNet and they're proving to be very effective. Our marketing spend in these channels was briefly disrupted in early March and April, but has since returned to the spend levels that we anticipated in our original plans. On the other hand, there are certain marketing activities from our original 2020 plan such as in-person industry conferences, direct-to-mail, advertising major sports events. These are no longer possible nor effective and so they're not included in our outlook for the remainder of this year. For the third quarter of 2020, we expect adjusted EBITDA in the range of $120 million to $125 million. We expect marketing costs to increase sequentially in the third quarter as we continue to build momentum on the heels of our strong second quarter marketplace performances. We now expect full year non-GAAP earnings per share in the range of $9.22 to $9.42 a share based on 38.3 million weighted average shares. This estimate includes the impact of the recently completed equity and debt offerings. For the equity offering in May, we issued 2.6 million additional shares. The additional shares dilute our non-GAAP EPS by approximately $0.06 for the second quarter and approximately $0.38 for the full year, which is an approximate 4% dilution, which is lower than any of our previous follow-on equity raises. With regard to the debt offering which closed July 1st, the net interest impact of the new notes after the pay down of the revolver is expected to be approximately $7 million or $0.14 in non-GAAP earnings per share for the full year that's incremental for the interest on the revolver. For the third quarter of 2020, we expect non-GAAP net income per share in the range of $2 to $2.10 based on 39.4 million shares. So, I'd like to make a few comments about our balance sheet and our capital structure before we open up the call for questions. Over the past 90 days, we raised approximately $2.7 billion, consisting of our follow-on equity offering of $1.7 billion in May and our first public debt offering of $1 billion in June, which closed July 1st. In addition, we renewed our revolving credit agreement for additional five-year term at $750 million and we converted it to an unsecured structure. Our balance sheet is stronger than ever. We now have approximately $3.8 billion in cash, $1 billion of structured debt and an undrawn revolver. We're in a very strong position to take advantage of both organic and acquisition growth opportunities that might present themselves in the months and years ahead. We have a strong track record of successful value-creating acquisitions, which is why I believe investors are confident in our ability to effectively deploy acquisition capital in the future. Over the past 10 years, we've used a balanced approach to fund almost $3 billion of acquisition deploying operating cash equity and debt in roughly equal amounts. In just the past year, we have committed approximately $1.2 billion for three strategic acquisitions; STR, Ten-X and RentPath. If we can continue executing our acquisition strategy at this pace, it would take us approximately three years to deploy our current cash reserves. In summary, we had a very eventful second quarter. We adjusted to a new way of working, we continue to support our customers, protect our employees, deliver very strong financial results, complete our first remote acquisition and raised $2.7 billion, and significantly strengthened our balance sheet. I can't wait to see what we're going to do next. Thank you for your continued support. I look forward to updating you all on our progress in October. With that, we will now open up the call for questions. Questions and Answers: Operator [Operator Instructions] And your first question comes from the line of Pete Christiansen from Citibank. Your line is open. Peter Christiansen -- Citibank -- Analyst Good evening. Thanks for letting me take -- ask a question here. Good trends and congrats on the recent capital raises. I had a question... Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thank you, Pete. Peter Christiansen -- Citibank -- Analyst You're welcome. As the health crisis has kind of changed here and it's migrated to other states, do you believe that you can continue the bookings momentum that you saw in June into July? Have you seen similar trends there? Just curious if you've seen changes in bookings activity with the health crisis changing? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer The trending seems to be similar to what it has been in the last three months, so it seems to be performing roughly the same. So we're not seeing much of a shift in any way. Peter Christiansen -- Citibank -- Analyst That's helpful. Thank you. Operator Your next question comes from the line of David Chu from Bank of America. Your line is open. David Chu -- Bank of America -- Analyst Hi. Thank you. So Andy, why do you believe that renewal rates will be so much better in this recession versus the past recession? Is this a reflection of just lower CRE broker bankruptcies? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer I think it's a couple of things. I think one factor is that in the Great Recession we had two super low-cost competitors. So we're competing against a very well-funded Xceligent back in the Great Recession. And approximately for every dollar they charged a customer, they were spending $2 to $3 producing the product. So they were heavily subsidized. And they were charging probably -- they were probably charging 15%, 20% of what we charge for a service. So we saw people shifting down to the lower cost product. We also were competing against LoopNet at that time who is offering a product at 5% of the cost of our product. So those two things are no longer a factor. And I think that we've made good progress over the last, gosh, over the last 10 years or so, continued to improve the product, the value of the product, getting news, more functionality, people are living in it more frequently. So unless someone is going out of business, which is certainly happening, we would anticipate more resiliency in this downturn than the last on the CoStar side. And then the other areas, I think, are in fact countercyclical. I think we're ready for the next question. Operator And your next question comes from the line of George Tong from Goldman Sachs. Your line is open. George Tong -- Goldman Sachs -- Analyst Hi, thanks. Good afternoon. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Hello, George. George Tong -- Goldman Sachs -- Analyst So CoStar Suite revenue growth, decelerated in 2Q to 8% year-over-year. Can you elaborate on the broader sales environment for CoStar Suite, including changes in the sales cycle and sales force productivity as well as what impact you expect the commercial real estate market to have on CoStar Suite? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Yeah. So, I think that the big takeaway is that first month of the quarter, April was just a stop, not much was happening. So that was a big factor. And then, it began to build back up and I think it will continue to build back up. Sales productivity began to return back to more normal levels, as we went into June, it began to -- continue to improve. And one of the things that -- one of the considerations is that, we have this -- the CoStar sales force is selling both LoopNet and CoStar. So you can get -- you could get sales force productivity climbing, while you have one of those two products not climbing as quickly. So one could take from the other. So one of the things we'll be looking to do over the next year or so is continue to invest at a modest level in building more resources to be able to go after both product areas simultaneously. But I think in my remarks I've addressed the fact that I think CoStar remains in strong demand throughout a cycle. Opportunistic PE folks coming with billions -- hundreds of billions of dollars to invest and look for dislocation. People continue to return -- renew leases. I fully expect that. And, so people are going to still be looking to CoStar to understand where the values are, what transactions are possible. So I think we'll be optimistic about it. Also remember we're adding more and more to CoStar. So you'll be seeing Ten-X auctions in CoStar. You're going to be seeing STR data in CoStar. You're going to continue to see enhancement, you're going to see more lending solutions. So it's growing, it's strong. We feel good about it. Operator And your next question comes from the line of Bill Warmington from Wells Fargo. Your line is open. William A. Warmington, Jr. -- Wells Fargo Securities -- Analyst Good afternoon, everyone. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Good evening, Bill. Scott Wheeler -- Chief Financial Officer Hello Bill. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer We've changed the [Indecipherable]. For 20 years, we did these things in the morning, we switched to evening and it can take a while to catch up. William A. Warmington, Jr. -- Wells Fargo Securities -- Analyst I'd appreciate your patience. So I had a question for you on signature ads and it sounded like in some of your prepared remarks you talked about LoopNet recovering. I remember in the first quarter, it sounded like January and February had started really strong and then COVID had derailed things. And I was hoping you could talk a little bit about what the average price you're getting these days is and where you're getting traction within Diamond, Platinum, Gold and the Premium lister? And what the contract links look like? I think that it started out at three months now their moving north of six months. I was hoping to get a better picture of where signature ads are headed? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Yes. That's correct, they started three months, they've gone to six months and that's basically because we invest a fair amount upfront in bringing them up online and it takes more than three months to lease a $100 million building or to sell a large product like that. Scott, do you have specific numbers on the movement? I mean it's small, but... Scott Wheeler -- Chief Financial Officer Yeah. Yeah, as far as the signature ad pricing that you're talking about, we continue to see upward lift in signature ad pricing as they're shifting into more high-value ads. I think the average price now in the signature ads blended across the different tiers, it is about $750 for those ads compared to the Premium Listers, which are somewhere in the low to mid-$60's per ad. So our overall blended around $70 to $75 bill on the ad with the mix. So still seeing good positive pricing generation and pricing momentum on the signature ads. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer And Bill, if we were to look out over the next five years, I actually feel that those -- that $700 price point could move into the thousands of dollars pretty comfortably and I think we could take significantly more share into the signature ads, up from the premium listing, which would give us dramatic growth in the blended average price and do that with a satisfied customer base, which we're feeling they're getting value. And I'm very bullish on the value we're delivering our advertisers. I think we're delivering amazing value to these folks right now and I think that it's our job to communicate how much value we're bringing to them. So I think we'll have a lot -- a good story there for five years plus. Operator Your next question comes from the line of Ryan Tomasello from KBW. Your line is open. Ryan Tomasello -- KBW -- Analyst Hi, good evening, everyone. Thanks for taking my question. I wanted to hone in on Apartments.com, it really seems like the current environment is a bit of a Goldilocks scenario for that business with the accelerated move to digital and some of the counter cyclicality starting to play out. So I guess my question is, if this backdrop is changing your strategic thinking if at all around the apartment business in terms of penetrating that TAM that you've talked about with products outside of just advertising, do you think that there is enough greenfield opportunity there to continue just to focus on the advertising product or is there also an opportunity more near term to move beyond lead gen and more directly monetize other areas in leasing and payments and areas like that? Scott Wheeler -- Chief Financial Officer I think that the approach we're taking is, first of all, to be very clear, I think there is a massive amount of greenfield. So I am absolutely convinced that the area below 100 units is just as relevant as the area above 100 units. And it's just sort of an accident of history that it hasn't been monetized to-date. And so we have growth above a 100 units and we have only penetrated 1% of the below 100 units. So we have 99% to go. So it's a massive opportunity. However, we -- it doesn't keep us from wanting to add more tools to improve the overall experience and the margin as we invest in these tools and we can spread that across a large audience it won't really impact our margin. So we want to provide as much value as we possibly can to accelerate penetration. I think that the addition of this relatively small inside sales team in Richmond and the fact that they spun up and became productive working on new sectors so quickly is a lesson that we may want to invest in growing our sales force at a measured level because we -- the productivity per salesperson and the ROI per salesperson is great and the market is huge. Operator Your next question comes from the line of Sterling Auty from J.P. Morgan. Your line is open. Sterling Auty -- J.P. Morgan Securities -- Analyst Yes, thanks. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Good evening, Sterling. Sterling Auty -- J.P. Morgan Securities -- Analyst Good evening. And I'm glad... Andrew C. Florance -- Founder, Director, President and Chief Executive Officer I was worried as I got the 20th page, there would be feedback. Sterling Auty -- J.P. Morgan Securities -- Analyst So, you talked about the efficiencies in terms of the customer acquisition by doing digital marketing versus in-person. How do you think about as we move past and business travel opens up etc., to whatever extent it does, how much did you have a learning experience that maybe you're going to be able to capture and even drive higher margins than what you may have thought six and nine months ago because of how effective this has been through this environment? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Well, I think it's a really excellent question and there's a lot of truth laced in there. So there are a lot of things we do as we deploy people in different markets and the amount of business travel we do to reach our customers face-to-face and we invest a lot in travel and move even within a city. And I think there is no substitute for face-to-face interaction with our customers over time, but we have seen 100 million people have now just learned what Zoom is and FaceTime and GoToMeeting and Webex. And so 100 million people who before were complete luddites are now well versed in digital and video communication. So our ability to train, on-board, support, grow our accounts very cost-effectively I think is really enhanced. And that's a positive that's come out of this. But I do think there'll still be -- on return there'll still be a need for face-to-face, but dramatically less. So there's a little bit of margin benefit there a little, probably a little bit of customer acquisition benefit there, maybe a lot. Operator Your next question comes from the line of Mario Cortellacci from Jefferies. Your line is open. John -- Jefferies -- Analyst Hi, it's John [Phonetic] filling in for Mario. You have a lot of cash right now. Could you give us a sense for what a third leg to the business might look like? The Ten-X deal was interesting in that you haven't played that market before. What other types of businesses where you look at? Any specific criteria from a growth perspective or end market or product type? Thank you. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Well, I think one of the challenges would be careful not to say anything. So that's probably the hardest thing is not answering. So there are a wealth of opportunities and if you look at the things we've done in the past, those are sort of indicative of what we might do in the future. So we're looking for things that have high overlap with strengths we already have. So where we look at their business and we think that there are things that we can bring into our business that will not incur incremental costs, but incur incremental value into our existing business and vice versa, so that we can bring things into their business that we already have as part of our inventory and part of our sum [Phonetic] costs and will add value to their business that could be distribution channel, data, software, marketing, any number of things. So, example at Ten-X, we can bring that into our operation and bring them massive exposure for their auctions which I think will dramatically improve their business and it has relatively low cost to us. So things like that. Now we're not going to stray terribly far from, like there's no need to stray terribly far from where we've been in the past because there are literally hundreds of companies that are immediately adjacent to some area we're already in and they range from small to very, very large. So I think that the future is going to be more like the past. I know I've been waiting for the first phone call. We raised a first question on the call and thank you for delivering it. I talked about it while we were raising the capital. I said we will complete this capital round and we'll be answering the question. But we'll be patient. The firstearnings callwe'll be answering the question what we can do with the money. We'll be patient and we'll be prepared to answer the question multiple times until we find the right deal. It may take one, two, three, four or five deals to make an impact, it may take four or five earnings calls, it may take 10 earnings calls. But we're looking for the right deal at the right value with low risk and with us prepared to do the right integration execution. So we'll be patient and it will be related and we'll have more than two or three thesis for why we think the deal will work. Operator Your next question comes from the line of Jeff Meuler from Baird. Your line is open. Jeffrey Meuler -- Robert W. Baird & Co. -- Analyst Yeah, thanks. Good evening. Was hoping you could expand on your comments about the data that you're using for digital outreach targeting and retargeting in LoopNet Signature. So you mentioned the tenant data, just if you could be more specific about how granular you get. And obviously you have a broad wealth of data throughout Suite. So would just love more detail on the data informing the targeting and the retargeting? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Sure. I think I won't go into painful detail there, but just give you a couple of examples. So, we could look at any particular cluster of buildings in the United States by property type and say office in Tysons Corner, and then we can look at 15 years of leasing history and we can see what the most probable sources of a tenant are for any particular building. So we know that there's a high correlation between tenants in Tysons Corner that tend to lease in Tysons Corner, but also tenants in Boston tend to shift to Tysons Corner a little bit less going from Ruston to Tysons Corner. Shockingly some from Bethesda over to Tysons Corner. So we can look at those patterns and then we can -- we have a list of all of the tenants that are roughly in that quality zone for property in the chart in the -- in the source markets over history and then we have lists of emails and people associated with those tenants, and then we retarget those people aggressively. So, we funnel our spend for a Tysons Corner building against the people who are most likely to come in. And now, we also know the lease expirations. We know when they moved into this space. We know if they're growing, if they're contracting. So it's very, very targeted spend. Then when someone -- when we see someone come from a particular organization to look at a property in Tysons Corner, we can look at other people that looked at that same property what other buildings they looked at. We use collaborative filtering and similar the way Amazon does to then invest in retargeting against people that either looked at the subject building to sync in frequency or we may use a collaborative filtered property to bring in -- bring someone from a building that just like that one and try to engage them in this other building. And that's also true with people that have -- we look at buying patterns of what people are investing in. We're looking at what people are searching and looking at for Ten-X. So it's just an endless sort of big data exercise, AI exercise of how we invest money against the right targets to very efficiently drive people and that's working like a rock star right now. The -- I'm very, very happy with the 600% increase in frequency we delivered to our Silver -- our Diamond and Platinum advertisers in LoopNet over the last quarter. That is real value they're going to see and it really drives their brands home to their target. So -- and it's sort of fun to do. We have a bunch of folks that enjoy doing that, a couple of walks over here. Operator Your next question comes from the line of Andrew Jeffrey from SunTrust. Your line is open. Andrew W. Jeffrey -- SunTrust Robinson Humphrey -- Analyst Hey guys, appreciate you taking the question. Andy, maybe would like to expand a little bit on a question asked earlier at a more strategic level. I hear you talk about, for example, the sub 100 unit apartment market is being -- you implied a $10 billion TAM. I think when you add up these marketplace's TAMs, they're are bigger, you might argue how many times bigger than Suite, but bigger than Suite and clearly have these countercyclical or even structural growth attributes in terms of the shift to digital. So I guess what I'm getting at is, does there come a time or are we approaching a time where Suite, although it still grows is positioned more as the funding source for growth in these marketplace businesses which are bigger and perhaps can sustain faster multi-year growth? I mean, would you articulate that kind of strategic change in CoStar's business? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Well, I mean, I think you're -- if you look at five to 10 years, I think there will be a lot of growth in these marketplaces. The -- for sure, and I wouldn't be surprised if they don't -- if our source of revenue doesn't become more and more diversified between CRE marketplace, multifamily marketplace, some -- land marketplace, BizBuySell marketplace and other marketplaces we may enter. So I would not at all be surprised if the marketplaces didn't eclipse the revenue from CoStar Suite as CoStar Suite grows. But I wouldn't count CoStar Suite out. There are many, many growth drivers for CoStar Suite. So we are well penetrated in the brokerage community, but we have a lot of green space, lot of greenfield in the owner area, in the lender area, and in international growth. So we have some exciting stuff happening in the fourth quarter and in the first quarter; third and fourth quarter and first quarter. So in the third and fourth quarter, we're going to have a fully internationalized version of CoStar Suite in many languages, so people can look at properties from Spain and in Spanish across multiple European countries and across the United States. And I think that just like the company experienced a surge of growth as we went from being in three or four U.S. cities to being a largely national footprint, I think we have that same opportunity internationally. And we'll be communicating some things over the months to come that I think will sort of reinforce that opportunity. And I think that it will change the way that London Broker perceives us when their terminal isn't just showing them Mayfair information, but is showing them the whole civilized world in their terminal eventually, right? I think it will change the perception and the value of the product and the reach, especially the owners and lenders investors and private equity funds. So there's a lot of growth there. Also, the tools that are going to productize our lender solutions to a much broader audience, I think are pretty exciting. So I think there are a lot of growth drivers there. I worry about one of the things that I think is a stressor on the business right now is not the market, it's not the -- it's just -- it's the fact that our sales force over the last five or six years hasn't grown much. We have roughly the same size sales force, but it has CoStar and LoopNet now. It has the banking side. It has so many things going on. But I just think that maybe we need to grow that sales force, a little bit to be able to capture all the different opportunities we've got. Operator Your next question comes from the line of Brett Huff from Stephens, Inc. Your line is open. Brett Huff -- Stephens Inc. -- Analyst Good evening, guys. Thanks for taking the time. I appreciate it. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Good evening. Brett Huff -- Stephens Inc. -- Analyst A quick question, a follow-up on LoopNet -- a follow-up on LoopNet that was the business of yours that we struggled most in trying to figure out what would happen in this pandemic. Looking at history it was -- I think Andy you mentioned, it was hit harder than this time. My gut is that there's some demand compression because people may just not be advertising as much in some instances bid-ask prices -- or bid-ask spreads are wider. On the other hand, you have a much stronger shift to quote on digital advertising within the vertical that is commercial real estate. Can you talk about that trend and kind of the power of the down arrow and the up arrow and where we're -- the fact that Scott said, revenue is going to get better over the next couple of quarters is really I think, indicative. But how do we think about those down and up arrows. And then I'll ask again the question I asked last time, which I thought was helpful, if any change the microeconomic decision of a person thinking about advertising a building or lease. Has that changed at all gotten better or worse etc.? Thanks. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Yeah. So LoopNet is, and I think the arrows overall go strongly toward countercyclical to LoopNet and I think it's a trend you're going to see even after we come out of this particular cycle. So your comment about bid-ask spread is correct. People are not going to be doing as many transactions, but you can actually pick up that business over in the Ten-X side. So you'll pay us differently, but we'll monetize the transaction -- really the value we're delivering is the digital marketplace, but you're going to monetize it over on Ten-X. On the leasing side, I think you're a nut job right now if you're not leasing your high-end -- marketing your high-end building on LoopNet. I mean, I think it's just beyond me, what you'd be thinking. So you have this $200 million building, no one wants to crowd in an elevator and go up and down you're building with a bunch of people look at it. But you have -- most people searching for office space on LoopNet right now are retail space, industrial space and to not be front and center in front of that community and that buying audience in this environment is just nutty. So I think it's more of an education thing. I think that Apartments.com was -- it's an education thing and it's a size of sales force thing. So Apartments.com had a much bigger sales force going into this cycle and people were more -- it was more established and people were more used to digital marketing for apartments. So the combination of bigger sales force and the behavior allowed it to flex hard into countercyclical LoopNet, in the -- it predominantly have been a lower-end broker marketing solution was newer at the upper end property solution area. The office retail industrial industry was less experienced to digital marketing. We have smaller sales force there. So it's taking longer for it to flex into countercyclical. But we're going to be looking forward to do that and truth is on our side. So, we'll work into that and play into that. Operator Your next question comes from the line of Mayank Tandon from Needham & Company. Your line is open. Kyle Peterson -- Needham & Co. -- Analyst Hey, good evening. This is actually Kyle Peterson on for Mayank. Thanks for taking my question. Just wanted to drill down on the STR business, it's a good sign, seems like the trends and net new sales have actually been at least better than we were expecting given all the headwinds, the travel industry is facing. Just wondering if you could just drill down a little bit more into what drives these sales and eventually revenue growth, if it's not directly, I guess, related to things like occupancy. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Yeah. So the -- one of the first things that drives the positive sales result in the face of just astoundingly negative economic conditions is the fact that no one -- people don't cancel their STR because things are going poorly. So in a rough environment STR is your compass. When you're lost in the woods STR is your compass to try to find your way out. And you're paying -- you've got a multimillion-dollar property or a $100 million property and STR is costing you a couple of thousand dollars a year. So -- you don't -- when you discover you're lost in the woods, that's not the time you throw out your compass. So that's a critical fact. Secondly, the -- some independent owners, this will be too much for them. A sustained low occupancy levels will break their ability to keep their properties. There's billions of dollars of capital looking to take advantage of that dislocation and some of those folks are coming in and buying information and services from STR. So we're getting a little countercyclical going on there. We anticipate that, we will lose some of those independents. Bad debt is coming up a little bit some of the small independents. But there may well be significantly more revenue on the Ten-X side as we pick up that business in other forms elsewhere in our business. Longer term, I think we have a really straightforward opportunity to provide some real software value to the industry; lenders, investors, operators, REITs by integrating the STR content into CoStar. STR's technology magic for the first decade of its life were benchmarking and the ability to keep the data anonymized and secure and give people quality benchmarking. I think we'll retain that technical skill, but we're going to bring a new skill set, which is more processing power against the analytics more correlating data, expanding the breadth and depth of the different sorts of data sets we have from benchmarking to P&L benchmarking to forward casting to forward-booking information, all that sort of stuff. So product flow will probably drive a lot of growth in the future. They'll likely be -- we also going into the future intermediate term. STR did a really great job at selling into the hotels themselves. But there are so many other parties that are interested in the intelligence STR produces that a larger sales force, a larger marketing operation will allow us to reach more untapped segments there. So, a bunch of drivers there, and I think all of us, our investors, our analysts and our staff are pleasantly surprised at the fact that STR has actually been so resilient in unprecedented economic headwind. So, hats off to the team at STR, Amanda Hite, Elizabeth and the whole team holding things together, marching on in a tough environment. Operator Your next question comes from the line of Stephen Sheldon from William Blair. Your line is open. Stephen Sheldon -- William Blair & Company -- Analyst Hi, thanks. Wanted to ask for some more detail on bookings trends. So how much of bookings activity in June was potentially a catch-up of activity from prior months? What does have booking trends look like so far in July? And then, Andy, maybe what surprised you the most in terms of bookings activity overall since the pandemic began? Thanks. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Yeah. So, I never had a context for a pandemic. So, anything would surprise me, and I everything is like, what is this? Scott Wheeler -- Chief Financial Officer Everything is. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Everything was a surprise. So, by far and away the biggest surprise was the mega empirical counter cyclicality of Apartments.com. That was just amazing. And I don't think the selling activity is catch-up, I think the management team, Fred Saint, Paige Forrest, Patrick, Dan did a great job of innovating, when NAA canceled their conference, our team put on their own conference, and sold a lot of product for little to no money invested. So I don't think it was catch-up. I think this is new business they're winning and I think they're just people in a world in which they can't put a sign spinner in front of their apartment building productively or buying digital instead. So, that's just a very positive trend. And I think that's going to go forward. I also think that one of the positive things that comes out of these bad situations is that people modify their behaviors going into one of these severe disruptions, but they don't modify them back. Very often that 30 unit community that never bought any solution from Apartments.com starts buying it because of a particularly tough environment, but settles into it, likes the results, and stays with it for a while. I think the other thing that, if I could say surprised me was the fact that I've spent 30 years looking closely at employment data and this is the worst it's ever been by far. So I would have expected a much more severe down drop than we've actually experienced. So -- and to come into June with virtually every one of our product platforms growing is remarkable. That was a big surprise. Everything is growing. There's nothing, and even STR is growing. And so the speed at which we came out of it -- and I think that I'm just going to -- we will definitely chalk up April permanently to just people saying what's going on. It's the buying a comfortable office chair for home and a router. That's what April 2020 was. Operator And your next question comes from the line of Joe Goodwin from JMP Securities. Your line is open. Joe Goodwin -- JMP Securities -- Analyst Hey guys, thank you for taking the question. Can you talk about how the pricing for Apartments.com changes when you're selling into the sub 100 unit segment? And perhaps maybe how you're approaching that segment differs on pricing versus the north of 100 unit segment? Thank you. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Yes, absolutely. So the price per unit comes way up. So actually the cost of marketing apartment -- a 10-unit apartment building in traditional methods versus the cost of marketing a 400 unit apartment building in traditional methods, your cost per unit is much higher at the smaller properties and going down to the -- if I take the cost per unit at a single-family dwelling, that might be paying a real estate agent a month of rent which -- that's where you're getting your highest cost per unit. So our pricing sort of follows a little bit of that. So you're going to come down where you might be spending $700, $800 for a 130 unit community or for a mid-line ad you might, that prices may come down to several hundred dollars at the lower end. Also, you may be in and out of the market at the single-family dwelling, so that may be a shorter contract period. But surprisingly, the pricing is actually not that dissimilar and what really happens is that people with the 200 unit community will go aggressively for the Diamond plus because they need higher lead flow, they've got more units to fill. So they might choose to up their exposure, their sort and go up to $7,000 a month, whereas the person with single-family dwelling can be quite happy with the results they get at $295 in a month or $295 for a campaign that might last for two months or three months. So it's not wildly dislocated. There is more money at the bottom than there is at the top in this industry, I believe. Operator And there are no further questions at this time. Andy, I turn the call back over to you for some closing remarks. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Well, thank you all for joining us on this call. We had a solid quarter despite the challenges. And again, I want to thank the investors, the new investors who joined us. Thank you for your confidence and we're getting to work, deploying your capital responsibly in the best time frame possible. So thank you everyone for joining us. Operator [Operator Closing Remarks] Duration: 80 minutes Call participants: Sarah Spray -- Vice President, Investor Relations Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Scott Wheeler -- Chief Financial Officer Peter Christiansen -- Citibank -- Analyst David Chu -- Bank of America -- Analyst George Tong -- Goldman Sachs -- Analyst William A. Warmington, Jr. -- Wells Fargo Securities -- Analyst Ryan Tomasello -- KBW -- Analyst Sterling Auty -- J.P. Morgan Securities -- Analyst John -- Jefferies -- Analyst Jeffrey Meuler -- Robert W. Baird & Co. -- Analyst Andrew W. Jeffrey -- SunTrust Robinson Humphrey -- Analyst Brett Huff -- Stephens Inc. -- Analyst Kyle Peterson -- Needham & Co. -- Analyst Stephen Sheldon -- William Blair & Company -- Analyst Joe Goodwin -- JMP Securities -- Analyst More CSGP analysis All earnings call transcripts {%sfr%} 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2020-07-30,82.2,83.878,81.8,83.268,
CSGP,2020-07-31,83.1,85.408,82.597,84.976,
CSGP,2020-08-03,85.639,85.979,83.498,83.5,"Strange: Bullish CSGP Analysts Actually See -4.3% Downside Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a bit of a paradox with CoStar Group, Inc. (Symbol: CSGP). The average 12-month price target for CSGP — averaging the work of 10 analysts — reveals an average price target of $813.20/share. That's a whopping -4.3% below where CSGP has been trading recently at $849.76/share. With this kind of downside potential (should CSGP fall to that price target), one might expect to see a high concentration of ""hold"" or even ""sell"" ratings on the stock. Yet, take a look at the bullishness: RECENT CSGP ANALYST RATINGS BREAKDOWN » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 8 8 7 7 Buy ratings: 1 2 2 2 Hold ratings: 1 1 1 1 Sell ratings: 0 0 0 0 Strong sell ratings: 0 1 1 1 Average rating: 1.3 1.67 1.73 1.73 The average rating presented in the last row of the table above is from 1 to 5, where 1 would be a consensus Strong Buy and 5 would be a consensus Strong Sell. In the middle, 3 would be a Hold. So anything below 3 leans toward Buy as the average analyst sentiment. The average rating of 1.3 for CSGP leans strongly towards the bullish end of the spectrum, yet the CSGP price target paints a different picture. Clearly, there is something more to the story here that is worth investigating for investors looking at CoStar Group, Inc. Of course, the average price target is just that — a mathematical average, and is only one metric. There are analysts with higher targets than the average, including one looking for a price of $900.00. And then on the other side of the spectrum one analyst has a target as low as $710.00. The standard deviation is $60.504. But the whole reason to look at the average in the first place is to tap into a ""wisdom of crowds"" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes — much like with guessing the number of jelly beans in a jar, where the average guess tends to be very close. And so with CSGP trading so far above that average target price of $813.20/share, the -4.3% downside to that average target does seem to be a paradox against the bullish analyst ratings. Might analysts be behind the curve with their targets and upward adjustments are forthcoming? Or, is it time for some of these analysts to turn bearish and downgrade on valuation? One thing is for sure: this apparent paradox makes for a good ""signal"" to investors in CSGP to spend fresh time assessing the company and deciding whether analysts have it right with their sentiment, or have it right with their price target for CoStar Group, Inc. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on CSGP — FREE. The Top 25 Broker Analyst Picks of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-08-04,81.835,83.963,81.835,82.937,
CSGP,2020-08-05,83.562,84.8,83.217,84.085,
CSGP,2020-08-06,84.065,84.386,82.247,83.15,
CSGP,2020-08-07,83.478,83.997,82.657,83.042,
CSGP,2020-08-10,82.88,83.623,82.018,83.146,"[""PREVIEW-Top U.S. mall operator Simon faces pandemic pain By Uday Sampath Kumar and Lisa Baertlein Aug 10 (Reuters) - Surging COVID-19 infections in big states like California, Texas and Florida are scaring shoppers away from newly reopened malls, dealing a blow to an industry that was on the ropes even before the pandemic began. Simon Property Group SPG.N, the No. 1 U.S. mall owner, is expected to post its smallest quarterly profit in nearly six years on Monday, as the plunge in foot traffic and early government-mandated closures resulted in tenants being unable or unwilling to pay full rent. \""The upcoming earnings for mall owners could be one of the worst quarters ever,\"" said Compass Point Research & Trading analyst Floris van Dijkum. The pain from a slew of major retail bankruptcies, including Neiman Marcus and Brooks Brothers, and hundreds of store closures from department stores Macy's M.N and Nordstrom JWN.Nand others is far from over for shopping malls, as the coronavirus pandemic takes a toll on brick-and-mortar retailers that were already losing sales to online competitors. Simon has full or partial ownership in seven of the nation's top 10 malls, as measured by sales of mall tenants. Its indoor malls in pandemic-ravaged states have been hit particularly hard. Foot traffic was down more than 50% at Houston's upscale Galleria and at Miami's Aventura Mall in mid-July, according to cellphone tracking data provided by Unacast. Even Simon's outdoor Sawgrass Mills outlet center in Florida, the No. 1 U.S. mall, was not immune, with traffic in mid-July off 37% as COVID-19 infections spiked. But at Woodbury Common Premium Outlets, an outdoor mall in New York, where infections are in check, the decline was only 8%. For an interactive graphic on weekly foot traffic at the 10 biggest U.S. malls, click here: (https://tmsnrt.rs/3ilZ2KS) Simon's strong liquidity position, helped by its June decision to abandon a $3.6 billion deal to buy Taubman Centers TCO.N, is expected to help it weather the worst of the pandemic. It had nearly $4 billion of cash or cash equivalents at the end of March. But analysts say it has a mighty battle ahead as its retail tenants fight for their lives. Simon did not respond to a request for comment. Reuters reported in June that Indianapolis-based Simon and peer Brookfield Property Partners BPY.O were in joint talks to bid on J.C. Penney, a major department store anchor for malls that filed for bankruptcy in May and whose survival hinges on urgent sale negotiations. \""When you have to start buying your tenants, you're in a big problem,\"" said Scott Crowe, chief investment strategist at CenterSquare Investment Management. \""It's the complete antithesis of being a landlord. The only reason one would buy a retailer is because it's the least worst option and they know they won't be able to lease that space to anyone else,\"" he said. It is not, however, Simon's first stab at buying a retailer. Simon and Brookfield, along with a third company, acquired teen apparel chain Forever 21 last February, and Simon in 2016 was part of a consortium that bought another teen apparel retailer, Aeropostale. On Sunday, The Wall Street Journal, citing sources, reported that Simon and Amazon.com Inc AMZN.O are exploring converting mall space formerly occupied by J.C. Penney and Sears Holding Corp into Amazon distribution centers. Simon did not respond to a Reuters request for comment. An Amazon spokeswoman said the company has a policy of not commenting on rumors or speculation. Sears and J.C. Penney both declined to comment. The challenges now are intense. Companies like Coach handbag maker Tapestry Inc TPR.N smarting from falling store traffic say mall retailers need rent reductions to survive. Mall rents, which grew 2.5% annually over the past four years, could fall as much as 4.3% in 2020, according to real estate analytics company CoStar Group CSGP.O. Still, experts are betting that malls will have a place, albeit much smaller, in the post-pandemic world as many shoppers still prefer to see, touch and try before they buy. \""At some point when enough malls flush out, those who survive - the Simons and Maceriches of the world - will come out stronger,\"" said Michael Jerbich, president of B. Riley Real Estate. Weekly Foot Traffic At America's Biggest Malls Weekly Foot Traffic At America's Biggest Mallshttps://tmsnrt.rs/2XDhC9A (Reporting by Uday Sampath in Bengaluru and Lisa Baertlein in Los Angeles; Editing by Leslie Adler) ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223 8780; Twitter: @sampath_uday;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""PREVIEW-Top U.S. mall operator Simon faces pandemic pain By Uday Sampath Kumar and Lisa Baertlein Aug 10 (Reuters) - Surging COVID-19 infections in big states like California, Texas and Florida are scaring shoppers away from newly reopened malls, dealing a blow to an industry that was on the ropes even before the pandemic began. Simon Property Group SPG.N, the No. 1 U.S. mall owner, is expected to post its smallest quarterly profit in nearly six years on Monday, as the plunge in foot traffic and early government-mandated closures resulted in tenants being unable or unwilling to pay full rent. \""The upcoming earnings for mall owners could be one of the worst quarters ever,\"" said Compass Point Research & Trading analyst Floris van Dijkum. The pain from a slew of major retail bankruptcies, including Neiman Marcus and Brooks Brothers, and hundreds of store closures from department stores Macy's M.N and Nordstrom JWN.Nand others is far from over for shopping malls, as the coronavirus pandemic takes a toll on brick-and-mortar retailers that were already losing sales to online competitors. Simon has full or partial ownership in seven of the nation's top 10 malls, as measured by sales of mall tenants. Its indoor malls in pandemic-ravaged states have been hit particularly hard. Foot traffic was down more than 50% at Houston's upscale Galleria and at Miami's Aventura Mall in mid-July, according to cellphone tracking data provided by Unacast. Even Simon's outdoor Sawgrass Mills outlet center in Florida, the No. 1 U.S. mall, was not immune, with traffic in mid-July off 37% as COVID-19 infections spiked. But at Woodbury Common Premium Outlets, an outdoor mall in New York, where infections are in check, the decline was only 8%. For an interactive graphic on weekly foot traffic at the 10 biggest U.S. malls, click here: (https://tmsnrt.rs/3ilZ2KS) Simon's strong liquidity position, helped by its June decision to abandon a $3.6 billion deal to buy Taubman Centers TCO.N, is expected to help it weather the worst of the pandemic. It had nearly $4 billion of cash or cash equivalents at the end of March. But analysts say it has a mighty battle ahead as its retail tenants fight for their lives. Simon did not respond to a request for comment. Reuters reported in June that Indianapolis-based Simon and peer Brookfield Property Partners BPY.O were in joint talks to bid on J.C. Penney, a major department store anchor for malls that filed for bankruptcy in May and whose survival hinges on urgent sale negotiations. \""When you have to start buying your tenants, you're in a big problem,\"" said Scott Crowe, chief investment strategist at CenterSquare Investment Management. \""It's the complete antithesis of being a landlord. The only reason one would buy a retailer is because it's the least worst option and they know they won't be able to lease that space to anyone else,\"" he said. It is not, however, Simon's first stab at buying a retailer. Simon and Brookfield, along with a third company, acquired teen apparel chain Forever 21 last February, and Simon in 2016 was part of a consortium that bought another teen apparel retailer, Aeropostale. On Sunday, The Wall Street Journal, citing sources, reported that Simon and Amazon.com Inc AMZN.O are exploring converting mall space formerly occupied by J.C. Penney and Sears Holding Corp into Amazon distribution centers. Simon did not respond to a Reuters request for comment. An Amazon spokeswoman said the company has a policy of not commenting on rumors or speculation. Sears and J.C. Penney both declined to comment. The challenges now are intense. Companies like Coach handbag maker Tapestry Inc TPR.N smarting from falling store traffic say mall retailers need rent reductions to survive. Mall rents, which grew 2.5% annually over the past four years, could fall as much as 4.3% in 2020, according to real estate analytics company CoStar Group CSGP.O. Still, experts are betting that malls will have a place, albeit much smaller, in the post-pandemic world as many shoppers still prefer to see, touch and try before they buy. \""At some point when enough malls flush out, those who survive - the Simons and Maceriches of the world - will come out stronger,\"" said Michael Jerbich, president of B. Riley Real Estate. Weekly Foot Traffic At America's Biggest Malls Weekly Foot Traffic At America's Biggest Mallshttps://tmsnrt.rs/2XDhC9A (Reporting by Uday Sampath in Bengaluru and Lisa Baertlein in Los Angeles; Editing by Leslie Adler) ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223 8780; Twitter: @sampath_uday;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2020-08-11,83.28,83.28,80.76,81.016,
CSGP,2020-08-12,81.29,83.461,80.38,82.474,
CSGP,2020-08-13,82.842,84.608,82.842,84.169,"CSGP Crosses Above Average Analyst Target In recent trading, shares of CoStar Group, Inc. (Symbol: CSGP) have crossed above the average analyst 12-month target price of $813.20, changing hands for $824.74/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 10 different analyst targets contributing to that average for CoStar Group, Inc., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $710.00. And then on the other side of the spectrum one analyst has a target as high as $900.00. The standard deviation is $60.504. But the whole reason to look at the average CSGP price target in the first place is to tap into a ""wisdom of crowds"" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with CSGP crossing above that average target price of $813.20/share, investors in CSGP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $813.20 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover CoStar Group, Inc.: RECENT CSGP ANALYST RATINGS BREAKDOWN » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 8 9 7 7 Buy ratings: 1 1 2 2 Hold ratings: 1 1 1 1 Sell ratings: 0 0 0 0 Strong sell ratings: 0 1 1 1 Average rating: 1.3 1.58 1.73 1.73 The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on CSGP — FREE. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-08-14,83.99,83.99,82.328,83.037,
CSGP,2020-08-17,83.499,84.006,82.846,83.118,
CSGP,2020-08-18,83.372,84.12,82.711,82.83,"To Identify Resilience, Check a Company’s Vital Signs The Motley Fool recently held its first-ever, fully virtual conference for FoolFest 2020 for subscribers of its various services, and it was awesome! While we surely missed hanging out in person with Fools (friends) from around the world, this virtual version was the next best thing, and I want to send huge props to our events team and all the Fools who helped make the digital magic happen. A few weeks before the conference, the investing team here at The Motley Fool was asked to sign up for topics that we wanted to give a presentation on. Before I could sign up, Motley Fool Chief Investment Officer Andy Cross and Chief Operating Officer for the Investing Team Ron Gross drafted me to discuss business resilience. They know this is a topic near and dear to my heart, and the subject was also quite timely as the U.S. faces a global pandemic and economic shutdown. For FoolFest, we were asked to keep our presentations very concise (under 20 minutes). What follows here is a longer, more complete version of that presentation. Image source: Getty Images. Identifying resilience begins with research I have an investing checklist that I run through with each company I cover. For this presentation, I want to focus on three of the checks I use (but organized into four sections). Each of these checks plays a key role in pointing out long-term resilience in a company (they can also be explained well visually). Think of these checks as the ""vital signs"" that help determine the health of a business. Just as a doctor or nurse usually starts a health exam by checking a patient's vital signs, I begin researching a new business by measuring its vital signs. Even after I've invested, I monitor the health of the businesses by regularly taking their vital signs each time I perform a company ""checkup."" This allows me to track (and chart plot) whether the company's health is improving or deteriorating over time. These four vital signs are: A strong balance sheet High or increasing returns on invested capital (ROIC) Growth on the top line (revenue) Growth on the bottom line (earnings) There are other important components of business resilience, including unique business models, competitive advantages (moats), excellent leadership, and a track record and culture of innovation and adaptability. But this report is focused on vital signs, so these other areas will need to be expanded on another time. Prologue: Leadership builds great businesses Before we dig down on vital signs, I do want to quickly make a few comments about company management. My friend Rishi Gosalia, the managing partner of SF Value Capital, writes that he aims to invest in companies ""committed to a mission that goes beyond profit maximization."" The SF Value Capital website states that its goal is: ""...to invest in mission-driven companies that have ever-improving products and services and are run for the benefit of all stakeholders. Our companies are led by management teams that are dedicated to accomplishing the company's mission and consider it as their life's work."" I have since adopted Rishi's criteria for businesses committed to a mission beyond profit maximization and added it to my own checklist. Thank you, Rishi. It's people who build great businesses. Leaders set the mission or purpose, which is the company's guiding light and reason for existing. As Rishi explains, great leaders rally and align all key stakeholders to accomplish the mission. Profits are important because they provide resilience and can help a company direct resources to its stakeholders. But profits, by themselves, are not the mission. Maximizing profits at the expense of other key stakeholders is not the reason for existing and, in fact, is a recipe for business disaster. Rather, the way to maximize long-term profits is to stay focused on the mission and to create shared value for all key stakeholders. Brad Slingerlend and Brinton Johns at NZS Capital explain in their 2020 mid-year update: ""We believe companies that maximize non-zero-sum outcomes for all of their constituents, including employees, customers, suppliers, society, and the environment, will also maximize long-term outcomes for investors."" I couldn't agree more, and that philosophy is my guiding light as an investor. Leaders also determine the business model. They set the strategy and pick the markets a company operates in. Leaders determine when it's appropriate to push the growth pedal to the floor and when it's appropriate to throttle growth down. Leaders determine the balance sheet strategy and choose to either pursue profitable growth or growth at any cost. Leaders build teams and allocate human and financial capital. Great leaders build and nurture a corporate culture that is compassionate and committed to doing what's right for all key stakeholders. Great leaders make sure that a company is innovating and adapting and remaining agile in a digital world where change is constant and accelerating. Great leaders find (and even create) new avenues for growth! In other words, great leaders create a culture of adaptability and agility in order to future-proof the business, and it is this culture of adaptability that is the greatest source of competitive advantage in the rapidly changing digital world. In short, great leaders make sure that the company's products and services reflect the future rather than the past. Please know that corporate leadership (and the cultures it builds) is the common thread that weaves and holds the resilience framework together. Businesses can't have sustainably strong vital signs without strong leadership! Speaking again of vital signs, let's jump into the first foundational pillar of business resilience: The balance sheet. Image source: Getty Images. Vital sign No. 1: Strong balance sheets The balance sheet is where the search for a resilient business starts (and ends). If the business doesn't pass this first filter, then my research stops and I move on. The balance sheet is the structural foundation of a business, and history shows that a sustainable and resilient business cannot be built atop a weak foundation. When analyzing and stress-testing a balance sheet, I ask myself a dozen (or more) questions. These include: Are the company's debt and net debt levels increasing or decreasing? What is the cyclicality and capital intensity of the industry? What is the company's cost of debt and its maturities on its debt? What percentage of the debt is fixed-rate versus variable-rate? What percentage of the debt is corporate debt versus bank debt? What are the company's financial health ratios, such as net debt-to-free cash flow, debt-to-capital, and interest coverage? But if you want to maximize resiliency, you should look for one metric on the balance sheet above all others -- net cash! Net cash is simply total cash (and cash equivalents) minus total debt. In other words, does the company have more cash than debt? Large net cash is the ultimate measure of resiliency because it enables the company to play both defense and offense. Large net cash lets companies weather almost any financial storm (the defense), and also provides optionality by allowing a company to invest aggressively in long-term growth opportunities (at distressed prices) when most other businesses are struggling to survive (the offense). The offensive quality of net cash allows companies to not only remain resilient but also antifragile. This means that they can come out of any crisis even stronger. Finally, large net cash positions play a significant role in equity valuation. When we build a discounted cash flow (or DCF) model, we first calculate the firm (or enterprise) value, and then we add net cash (meaning we subtract debt and add cash) to get the value of the equity. Vital sign No. 2: High or increasing returns on invested capital (ROIC) Return on invested capital (or ROIC) is the ultimate measure of business profitability and performance. It is calculated as net operating profit after tax (NOPAT) divided by invested capital. Here's a simple formula to show you just how powerful ROIC really is. That formula is ROIC times Reinvestment Rate equals Operating Profit Growth. COMPARING ROIC COMPANY A COMPANY B Current EPS $1 $1 Desired EPS growth rate 5% 5% Return on invested capital (ROIC) 20% 10% Reinvestment rate (solve using G = ROIC x Reinvestment) 25% 50% Growth 5% 5% Left to distribute (100% less reinvestment rate) 75% 50% Free (or distributable) cash flow per $1 of EPS $0.75 $0.50 Source: Adapted from McKinsey & Co. book Valuation: Measuring and Managing the Value of Companies The chart above is a scenario I sampled from the McKinsey & Co. book Valuation: Measuring and Managing the Value of Companies. Assume we have two companies (Company A and Company B) that aim to grow earnings at a rate of 5% per year, but Company A has a ROIC of 20% and Company B has a ROIC of only 10%. Under these parameters, Company A only has to reinvest 25% of its profits to grow earnings 5% (20% x 25% = 5%), but Company B has to reinvest 50% of its profits to grow earnings at the same 5% rate (10% x 50% = 5%). The chart shows that Company B has half the ROIC, so its reinvestment must be double to grow at the same rate as Company A. The company with the higher ROIC has a lower reinvestment rate and will need to reinvest less capital to achieve the same level of earnings growth. And because the higher-ROIC business requires less capital (or reinvestment) to grow, it generates higher free cash flow (FCF), and free cash flow is what determines intrinsic value. Free cash flow is calculated as NOPAT less change in invested capital. (For those keeping score, both ROIC and FCF are calculated using two numbers, NOPAT and invested capital). Mathematically, ROIC is a primary driver of both profitability (earnings) and FCF generation. Mathematically, companies with higher ROIC generate more FCF per dollar of earnings (we're assuming that both companies generate the same dollar amount of earnings, but the company with higher ROIC generates more cash flow). And mathematically, ROIC is a driver of growth. In fact, there are research reports that explain how a company cannot grow operating profit faster than its incremental ROIC without taking on outside financing. Basically, a business that generates a ROIC of 20% can't grow operating profit faster than 20%, and to do so it must reinvest 100% of its profits (20% x 100% = 20%). Here is where it gets really good. Image source: Getty Images. Because these high-ROIC businesses generate so much FCF, they can finance their growth internally, rather than relying on outside capital (other people's money) to grow. This means less debt or less equity dilution for shareholders. They can invest more in fortifying their moats. They can invest in new initiatives to build new moats and new profitable growth streams over time. They can invest in taking care of stakeholders, including employees, customers, suppliers, communities, and the planet (through green energy programs). They can set their own time frames, remain adaptable, and future-proof their businesses. Finally, some of the excess FCF can be used to pay down existing debt, and what's left over will sit on the balance sheet to build up an even larger net cash position, which further strengthens the balance sheet and builds that optionality mentioned with vital sign No. 1. Common terms used to describe high-ROIC businesses are ""self-funding,"" ""asset-light,"" ""free cash flow machines,"" and/or ""compounders."" No matter what people call them, we should all love them. ROIC is the linchpin that connects a company's profitability, free cash flow, and balance sheet. Here's why companies that generate high ROIC outperform the market over time: Note: R2000 = Russell 2000 Stock Index. Sources: Segall Bryant & Hamill Small Cap Team and Furey Research. Data as of Jan. 1, 2004, through June 30, 2019. Past performance is not indicative of future results. And companies that generate rising ROIC outperform the overall market even more: Note: R2000 = Russell 2000 stock index. Source: Segall Bryant & Hamill Small Cap Team and Furey Research. Data as of Jan. 1, 2004, through June 30, 2019. Past performance is not indicative of future results. Companies that generate high economic value added (EVA) metrics also outperform the market over time. The ""economic value-added"" metric is very similar to ROIC and FCF because it is also calculated using those two all-important numbers of NOPAT and invested capital (this is not a coincidence). EVA is calculated with NOPAT, invested capital, and cost of capital. If you haven't noticed yet, I think it's really important, and even crucial, that NOPAT and invested capital are analyzed deeply and calculated correctly. SOURCE: Data provided by ISS EVA, a division of Institutional Shareholder Services Inc. For more information please visit https://www.issgovernance.com/eva Vital sign No. 3: Organic revenue growth powered by long-term tailwinds ""I believe that the greatest investments of our lives will be into companies with superlative top-line growth rates extended over long periods of time. Great companies foster and serve high rates of demand."" -- Tom Gardner With vital sign No. 2, I showed you that ROIC is one of the primary drivers of FCF and, ultimately, of business value. The other primary driver is revenue growth. In fact, high ROIC without revenue growth can't compete with high (or rising) ROIC with revenue growth. High (or rising) ROIC plus organic revenue growth is equal to compounding awesomeness! When I analyze a company's top line (or revenue) growth, I'm really looking for (1) revenue growth that is organic and powered by long-term secular themes, and (2) revenue that is recurring. In most cases, it's better if most of a company's revenue growth is organic, meaning it doesn't come from acquisitions. This is because the majority of acquisitions destroy shareholder value. But it's also because organic revenue growth is a sign that the company's investments and innovations are creating product or service relevance and demand. That's so important. An acceleration in the rate of top-line growth can be a sign that the company is taking market share and that product or service relevance and demand are increasing. It's also important that it can be sustained for a very long time. This means we're really looking for corporate management teams committed to innovation and adaptation, and for organic revenue growth powered by long-duration secular trends. Conversely, it's equally important to avoid companies that are facing headwinds and experiencing falling product demand, falling product relevance, and therefore falling revenue. It's much easier for a company to grow (and, importantly, to grow longer than the market expects) if it's riding a powerful wave, rather than trying to swim against the current. Growth driven by long-term tailwinds also helps insulate a company from short-term fads and cyclicality. In other words, the growth is driven by innovation and a large and growing market opportunity rather than by GDP. As I said above, great companies find and even create new ways to grow! Image source: Getty Images. As for recurring revenue, it increases business resilience because it is revenue that is generated through long-term contracts, subscription services, consumables (which are use-once-and-dispose-of items), daily habits or pleasures, and/or mission-critical products and services. Revenue driven by these sources is more reliable and predictable because it is less tied to economic cycles and GDP growth. The companies with the strongest recurring revenue provide a trifecta of the best product or service, with the best customer service, and very close relationships with customers that create constant feedback and innovation. These innovating businesses live inside, and become part of the fabric of, their customers' operations, allowing them to rapidly incorporate feedback into future product development in order to avoid disruption and remain ahead of the innovation curve. In short, recurring revenue is an indication of a loyal or captive repeat customer that provides a stable and predictable core base of business. This stable core provides resiliency in economic downturns and a launchpad for future growth coming out of the downturn. Vital sign No. 4: Earnings growth When discussing vital sign No. 3, we looked at the importance of organic top-line growth. Now, let's discuss the importance of the bottom-line -- or earnings -- growth. For the purpose of this section, the terms ""earnings"" and ""profits"" should be considered synonymous, and I'm referring to either GAAP net income or GAAP earnings per share (EPS). For a company to be resilient, it must be growing and profitable. For a company to be truly great (the best of the best), it must be both growing and profitable. Many businesses are really good with one or the other of these concepts, but to be resilient, antifragile, and among the best businesses in the world, it must be able to do both. We could debate whether GAAP net income is the best measure of profitability until we are blue in the face. Heck, there could be an entire semester-long college course on just that one topic. But the truth is that, at the best businesses run by the best management teams, GAAP earnings are a clean and highly useful measure of business quality. For all of those cash flow investors out there (like myself), earnings (in the form of NOPAT) is a primary driver of FCF. Image source: Getty Images. The chart below from Yardeni Research is probably the most important visual in this presentation. It shows two things: Stocks go up over time. Despite all the bear markets and recessions (the gray vertical bars), every single time that the market falls from its previous peak, stocks eventually reach a new high. Not only do stocks go up over time, but they go up over 70% of the time as measured in years (they go up much more often than they go down), so you'll want to remain invested in the stock market. Stocks follow earnings up over time (this is an important topic, so to read more about it, please click here, here, here, here, and here). There is a fundamental reason for this. When you buy a share of stock, you are legally buying a percentage (or an interest) in the future earnings (profits) of the business. That's what you are buying, earnings, and so earnings (or profitability) is what powers stocks higher over time. These earnings can either be paid out to shareholders (owners) as a dividend, or they can be retained, which increases shareholder's (or owner's) equity on the balance sheet. So, net income (or net profits or net earnings) goes to shareholders. These profits allow a company to reinvest in growth, but they also allow a business to properly care for its employees, suppliers, customers, communities, and the planet through various forms of relief in a time of crisis. Source: Yardeni Research. In summary... This is my condensed framework for identifying high-quality, growing, resilient, adaptable businesses. It may be condensed, but I believe it is a great place to start. And remember that corporate management (and the direction and culture that it sets) is really the most important factor -- because People Build Great Businesses! Finally, I don't personally short stocks. It doesn't sit well with my personal risk profile. But I do have a very good record of identifying winning shorts at The Motley Fool. Do you want to know my secret formula? I just focus on companies with unhealthy or deteriorating vital signs. Basically, I look for companies doing the opposite of what I discussed here. These are companies with large and growing net debt, companies with declining returns on invested capital, and companies with stagnant or declining revenue, earnings, and free cash flow. A little reward for reaching the end If you've read the report to this point, then you deserve a prize. Here are two lists of companies (divided up by market cap to aid in making comparisons) that have great vital signs, meaning they have net cash, high or rising ROIC, and growing revenue and earnings: MARKET CAP (IN BILLIONS) NET CASH (IN BILLIONS) NET CASH/ TOTAL ASSETS 5-YEAR REVENUE CAGR 5-YEAR NET INCOME CAGR 5-YEAR AVERAGE ROIC TTM ROIC Apple $1,967.0 $71.4 22.5% 7.3% 6.9% 128% 106% Microsoft $1,579.4 $54.4 18% 7.7% 12.2% 32.8% 39.3% Alphabet $1,032.2 $105.0 37.7% 19.7% 19.4% 29.9% 28.8% Facebook $744.4 $47.2 33.8% 41.5% 44.4% 34.2% 37.7% NVIDIA $281.6 $8.8 37.7% 18.5% 34.7% 71.3% 66.3% PayPal $227.0 $3.4 5.3% 17.2% 42.5% 18.4% 21.1% Accenture $147.4 $2.9 8.4% 7.6% 10.2% 33% 30.7% ServiceNow $84.1 $1.1 17.5% 38.4% NM -5.8% 165% Intuitive Surgical $80.8 $4.5 44.4% 16% 26.9% 56.5% 38.1% Zoom Video $69.8 $1.0 50% 11.7% NM NM 41.4% Square $63.5 $0.032 0.4% 40.2% NM 5.5% 17.8% Activision Blizzard $62.7 $3.8 18.7% 8% 12.5% 11.1% 14.3% Illumina $51.6 $1.4 19% 13.7% 23.2% 17.9% 18.3% Monster Beverage $44.2 $1.2 22.1% 11.3% 18.1% 30.1% 35.3% Electronic Arts $40.9 $4.7 41.9% 4.2% 28.3% 40.1% 45.1% NOTES: All data as of Aug. 14, 2020. Debt includes capital leases. CAGR = Compound Annual Growth Rate; TTM = Trailing 12 Months. Revenue and net income CAGRs calculated through fiscal year-end 2019 because 2020 is a very weird year. ServiceNow and Square just turned GAAP profitable in 2019, so it hasn't been long enough to calculate a five-year CAGR. Square went public in 2015 -- not long enough to calculate a five-year CAGR. Square was calculated using a three-year CAGR for revenue and a three-year average for ROIC. Zoom Video is too new to do many of the calculations. Sources: S&P Global Market Intelligence and New Constructs. MARKET CAP (IN BILLIONS) NET CASH (IN BILLIONS) NET CASH/ TOTAL ASSETS 5-YEAR REVENUE CAGR 5-YEAR NET INCOME CAGR 5-YEAR AVERAGE ROIC TTM ROIC Veeva Systems $39.4 $1.3 55.2% 28.7% 49.5% 85.5% 79.3% CoStar Group $33.1 $2.7 41.1% 19.4% 47.7% 8.6% 11% Cadence Design $30.3 $0.49 12.3% 8.1% 44.1% 12.1% 15.8% MarketAxess $18.9 $0.33 31.9% 14.3% 22.3% 26.6% 29.7% Take-Two Interactive $18.6 $2.1 39.2% 23.3% NM 19.6% 32.7% Paycom $17.4 $0.06 3.1% 37.3% 99.9% 30.1% 27.4% Epam $17.2 $0.79 32.9% 25.7% 30.2% 23.4% 26.7% Arista Networks $16.5 $2.7 62.4% 32.8% 58.2% 115% 110% NVR $15.0 $0.71 15% 10.8% 25.5% 27.3% 28.6% Teradyne $14.9 $0.49 15.1% 6.8% 41.9% 17.8% 27.2% Abiomed $13.9 $0.42 33.2% 29.6% 12.3% 40.7% 41.6% Masimo $11.8 $0.65 40% 10% 22% 31.3% 33% SolarEdge $11.3 $0.50 31.1% 42.8% 32.2% 33.5% 28.7% Paylocity $7.1 $0.10 5.2% 33.9% NM 16.2% 21.5% Qualys $4.0 $0.39 55.3% 19.2% 18% 166.8% 178.1% NOTES: All data as of Aug. 14, 2020. Debt includes capital leases. CAGR = Compound Annual Growth Rate; TTM = Trailing 12 Months. Revenue and net income CAGRs calculated through fiscal year-end 2019 because 2020 is a very weird year. Paylocity has generated positive net income for the past three consecutive years, but not long enough to calculate a five-year CAGR. Take-Two has generated positive net income for the past four consecutive years, but not long enough to calculate a five-year CAGR. SolarEdge had a fiscal year change in 2016, which makes calculating a five-year CAGR difficult. Instead, a three-year CAGR for revenue and net income and a three-year average for ROIC was used. Sources: S&P Global Market Intelligence and New Constructs. I consider this a high-conviction resilience stock portfolio. In the 30-stock portfolio listed above, we see: The average net-cash-to-total-assets ratio is 28.4%. The five-year revenue CAGR is 20.2%. The five-year net income CAGR is 31.3%. The five-year average ROIC is 39.9%. The trailing 12-month ROIC is 46.6%. Checking the vital signs is the first step. Now you can take these lists and do further research to see if you think these companies are truly resilient and deserve a place in your portfolio. 10 stocks we like better than Walmart When investing geniuses David and Tom Gardner have an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks Stock Advisor returns as of 2/1/20 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Rotonti owns shares of Accenture, Alphabet (C shares), Apple, Arista Networks, Cadence Design Systems, EPAM Systems, Facebook, MarketAxess Holdings, Microsoft, NVIDIA, Paycom Software, PayPal Holdings, Square, Teradyne, and Zoom Video Communications. The Motley Fool owns shares of and recommends Abiomed, Accenture, Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Apple, Arista Networks, EPAM Systems, Facebook, Illumina, Intuitive Surgical, MarketAxess Holdings, Masimo, Microsoft, Monster Beverage, NVIDIA, NVR, Paycom Software, PayPal Holdings, ServiceNow, Inc., Square, Take-Two Interactive, Veeva Systems, and Zoom Video Communications. The Motley Fool recommends Cadence Design Systems, CoStar Group, Electronic Arts, SolarEdge Technologies, and Teradyne and recommends the following options: short August 2020 $130 calls on Zoom Video Communications, long January 2022 $580 calls on Intuitive Surgical, short September 2020 $70 puts on Square, short January 2022 $600 calls on Intuitive Surgical, long January 2022 $75 calls on PayPal Holdings, long January 2022 $75 calls on Activision Blizzard, short January 2022 $75 puts on Activision Blizzard, long January 2021 $85 calls on Microsoft, and short January 2021 $115 calls on Microsoft. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-08-19,83.075,83.648,82.295,82.723,
CSGP,2020-08-20,82.235,84.166,82.235,83.592,
CSGP,2020-08-21,83.385,83.698,83.124,83.329,
CSGP,2020-08-24,83.889,85.554,83.436,85.296,Why One Airbnb Investor Thinks the Company Picked a Good Time to Go Public The company made a smart pivot during the pandemic and the IPO market has rebounded from its Covid-19 freeze.
CSGP,2020-08-25,84.788,85.495,84.269,85.417,
CSGP,2020-08-26,85.891,86.008,84.152,84.172,
CSGP,2020-08-27,84.98,86.169,84.563,84.627,
CSGP,2020-08-28,85.172,87.062,84.844,85.248,"These 7 Funds Beat the Market Without Owning the FAAMG Stocks Facebook, Apple, Amazon, Microsoft, and Google parent Alphabet make up nearly a quarter of the S&P 500. It isn’t easy to beat the market without owning 25% of the market—but these funds have done so over the past several years."
CSGP,2020-08-31,85.429,87.938,84.448,84.86,
CSGP,2020-09-01,85.398,87.78,85.332,87.344,
CSGP,2020-09-02,87.0,88.294,85.878,87.783,
CSGP,2020-09-03,87.157,87.157,83.926,84.563,
CSGP,2020-09-04,84.901,84.901,80.178,82.689,
CSGP,2020-09-08,81.131,81.45,79.152,79.212,
CSGP,2020-09-09,79.756,81.196,79.025,80.351,
CSGP,2020-09-10,80.901,81.75,78.093,79.277,
CSGP,2020-09-11,79.57,79.941,77.728,78.565,
CSGP,2020-09-14,79.423,82.037,79.423,81.471,
CSGP,2020-09-15,81.999,84.317,81.999,84.3,
CSGP,2020-09-16,84.493,84.987,83.5,83.97,
CSGP,2020-09-17,83.054,83.355,81.914,83.081,
CSGP,2020-09-18,83.463,83.623,81.458,82.749,
CSGP,2020-09-21,81.625,82.636,80.948,82.4,
CSGP,2020-09-22,83.34,83.971,82.239,83.75,
CSGP,2020-09-23,84.474,84.968,81.891,82.126,
CSGP,2020-09-24,81.326,82.716,81.187,81.915,
CSGP,2020-09-25,81.03,84.354,80.948,84.0,
CSGP,2020-09-28,85.113,85.91,84.663,85.713,
CSGP,2020-09-29,85.764,86.64,85.087,85.685,
CSGP,2020-09-30,85.983,86.958,84.319,84.851,
CSGP,2020-10-01,85.98,87.178,85.076,86.538,
CSGP,2020-10-02,85.498,86.625,84.82,85.51,
CSGP,2020-10-05,86.073,87.009,85.862,86.6,
CSGP,2020-10-06,86.783,87.15,85.772,86.392,
CSGP,2020-10-07,87.18,87.921,86.743,87.572,
CSGP,2020-10-08,88.0,88.276,86.701,86.889,
CSGP,2020-10-09,87.245,88.2,87.245,87.437,
CSGP,2020-10-12,88.18,89.0,87.601,88.23,
CSGP,2020-10-13,88.534,88.952,88.275,88.322,
CSGP,2020-10-14,88.298,88.703,86.636,86.941,
CSGP,2020-10-15,85.52,87.198,85.327,86.739,
CSGP,2020-10-16,87.339,87.735,85.959,86.063,
CSGP,2020-10-19,86.433,86.57,83.25,83.601,
CSGP,2020-10-20,84.275,84.275,83.162,83.563,
CSGP,2020-10-21,83.528,84.054,81.964,82.549,
CSGP,2020-10-22,82.3,82.3,81.066,82.205,
CSGP,2020-10-23,82.269,82.88,81.203,81.981,
CSGP,2020-10-26,81.303,83.186,81.175,83.075,
CSGP,2020-10-27,83.291,83.726,82.055,82.888,"After-Hours Earnings Report for October 27, 2020 : MSFT, AMD, FISV, CB, DXCM, CSGP, AFL, EIX, FTV, MXIM, EQR, AKAM The following companies are expected to report earnings after hours on 10/27/2020. Visit our Earnings Calendar for a full list of expected earnings releases. Microsoft Corporation (MSFT) is reporting for the quarter ending September 30, 2020. The computer software company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.53. This value represents a 10.87% increase compared to the same quarter last year. In the past year MSFT has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 5.8%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for MSFT is 33.03 vs. an industry ratio of 40.60. Advanced Micro Devices, Inc. (AMD) is reporting for the quarter ending September 30, 2020. The electric company company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.31. This value represents a 121.43% increase compared to the same quarter last year. In the past year AMD has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2020 Price to Earnings ratio for AMD is 89.38 vs. an industry ratio of 1.60, implying that they will have a higher earnings growth than their competitors in the same industry. Fiserv, Inc. (FISV) is reporting for the quarter ending September 30, 2020. The financial transactions company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.15. This value represents a 12.75% increase compared to the same quarter last year. Zacks Investment Research reports that the 2020 Price to Earnings ratio for FISV is 22.41 vs. an industry ratio of 29.10. Chubb Limited (CB) is reporting for the quarter ending September 30, 2020. The insurance (property & casualty) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $2.16. This value represents a 20.00% decrease compared to the same quarter last year. In the past year CB has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 15.15%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for CB is 17.72 vs. an industry ratio of 15.00, implying that they will have a higher earnings growth than their competitors in the same industry. DexCom, Inc. (DXCM) is reporting for the quarter ending September 30, 2020. The medical instruments company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.64. This value represents a 1.54% decrease compared to the same quarter last year. In the past year DXCM has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 154.84%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for DXCM is 153.11 vs. an industry ratio of -0.20, implying that they will have a higher earnings growth than their competitors in the same industry. CoStar Group, Inc. (CSGP) is reporting for the quarter ending September 30, 2020. The information technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.80. This value represents a 23.08% decrease compared to the same quarter last year. In the past year CSGP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 25%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for CSGP is 100.09 vs. an industry ratio of -2.80, implying that they will have a higher earnings growth than their competitors in the same industry. Aflac Incorporated (AFL) is reporting for the quarter ending September 30, 2020. The insurance company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.12. This value represents a 3.45% decrease compared to the same quarter last year. In the past year AFL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 24.27%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for AFL is 7.92 vs. an industry ratio of -283.80, implying that they will have a higher earnings growth than their competitors in the same industry. Edison International (EIX) is reporting for the quarter ending September 30, 2020. The electric power utilities company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.38. This value represents a 7.38% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2020 Price to Earnings ratio for EIX is 13.08 vs. an industry ratio of 22.80. Fortive Corporation (FTV) is reporting for the quarter ending September 30, 2020. The electrical test equipment company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.88. This value represents a 1.15% increase compared to the same quarter last year. In the past year FTV has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2020 Price to Earnings ratio for FTV is 20.95 vs. an industry ratio of 43.10. Maxim Integrated Products, Inc. (MXIM) is reporting for the quarter ending September 30, 2020. The semiconductor company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.58. This value represents a 11.54% increase compared to the same quarter last year. In the past year MXIM has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for MXIM is 28.73 vs. an industry ratio of 67.00. Equity Residential (EQR) is reporting for the quarter ending September 30, 2020. The reit company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.82. This value represents a 9.89% decrease compared to the same quarter last year. In the past year EQR has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2020 Price to Earnings ratio for EQR is 15.13 vs. an industry ratio of 16.70. Akamai Technologies, Inc. (AKAM) is reporting for the quarter ending September 30, 2020. The internet services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.98. This value represents a 12.64% increase compared to the same quarter last year. In the past year AKAM has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 15.63%. The ""days to cover"" for this stock exceeds 10 days. Zacks Investment Research reports that the 2020 Price to Earnings ratio for AKAM is 26.19 vs. an industry ratio of 85.20. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-10-28,80.402,81.744,78.101,79.335,"[""Why CoreLogic Stock Jumped Today What happened Shares of CoreLogic (NYSE: CLGX) have jumped today, up by 13% as of 2:30 p.m. EDT, after the company confirmed that it was engaged in acquisition negotiations with potential bidders. Trading was halted briefly earlier this morning due to volatility but has since resumed. So what Numerous media outlets including Bloomberg, CNBC, and Reuters reported this morning that the real estate data provider was discussing a potential buyout with CoStar Group (NASDAQ: CSGP) and a consortium of private equity firms led by Warburg Pincus and GTCR. The news comes shortly after Cannae Holdings (NYSE: CNNE) and Senator Investment Group had increased their offer for CoreLogic by $1 to $66 per share, which CoreLogic said last month was too low. Image source: Getty Images. \""In light of recent market speculation, CoreLogic today confirmed it is engaging with third parties indicating preliminary interest based on public information in the potential acquisition of the Company at a value at or above $80 per share,\"" the company said in a statement. Now what The stock is now trading within a few dollars of that threshold, so a buyout at $80 per share only represents modest upside from current prices at this point. \""No decision has been made to enter into a transaction at this time, and the Company can offer no assurance that it will enter into any transaction in the future or, if entered into, what the terms of any such transaction would be,\"" the company warned. 10 stocks we like better than CoreLogic When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoreLogic wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, private equity firms vying to acquire CoreLogic -sources By Greg Roumeliotis Oct 28 (Reuters) - CoStar Group Inc CSGP.O and a private equity consortium led by Warburg Pincus and GTCR are among the bidders seeking to acquire U.S. property data and analytics company CoreLogic Inc CLGX.N, people familiar with the matter said on Wednesday. The interest in CoreLogic comes after investment firms Cannae Holdings Inc CNNE.N and Senator Investment Group LP made a $7 billion offer for the company and launched a campaign to take over its board of directors. Cannae and Senator, whose latest offer was for $66 per share in cash, are not being allowed to carry out due diligence on CoreLogic because the company considers their bid too low, the sources said. Some of the other suitors, however, have submitted expressions of interest to CoreLogic for more than $80 per share, and are being allowed to carry out due diligence, the sources added. The sources requested anonymity because the matter is confidential. CoreLogic, Cannae and Senator declined to comment, while CoStar, Warburg Pincus and GTCR did not immediately respond to requests for comment. CNBC first reported that CoreLogic had received potential bids. CoreLogic shares were up 13.2% at $77.27 on Wednesday morning in New York. CoreLogic had said it was not in the best interest of its shareholders to open its books to Cannae and Senator for an offer that undervalues the company. The two investment firms have amassed a 15% stake in CoreLogic and have nominated nine directors to the company's 12-member board. CoreLogic shareholders are due to vote on the board's composition on Nov. 17. Cannae and Senator have said CoreLogic is enjoying the peak of the mortgage cycle, given that record-low interest rates have fueled a boom in parts of the property market. They have argued that the consortium is an ideal buyer of CoreLogic because Cannae's chairman, Bill Foley, has over three decades' experience as a financial industry operator. Yet their sizeable stake in CoreLogic would also deliver them a big gain were another suitor to clinch a deal for the company. (Reporting by Greg Roumeliotis in New York Additional reporting by Svea Herbst in New York Editing by Matthew Lewis) ((Greg.Roumeliotis@thomsonreuters.com; +1 646 223 6022; Reuters Messaging: greg.roumeliotis.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, private equity firms vying to acquire CoreLogic-sources By Greg Roumeliotis Oct 28 (Reuters) - CoStar Group Inc CLGX.N and a private equity consortium led by Warburg Pincus and GTCR are among the bidders vying to acquire U.S. property data and analytics company CoreLogic Inc CLGX.N, people familiar with the matter said on Wednesday. The acquisition interest in CoreLogic comes after investment firms Cannae Holdings Inc CNNE.N and Senator Investment Group LP made a $7 billion offer for the company and launched a campaign to take over its board of directors. Cannae and Senator, whose latest offer was for $66 per share in cash, are not being allowed to carry out due diligence on CoreLogic because the company considers their bid to be too low, the sources said. Some of the other suitors, however, have submitted expressions of interest to CoreLogic for more than $80 per share, and are being allowed to carry out due diligence, the sources added. The sources requested anonymity because the matter is confidential. CoreLogic, Cannae and Senator declined to comment, while CoStar, Warburg Pincus and GTCR did not immediately respond to requests for comment. (Reporting by Greg Roumeliotis in New York) ((Greg.Roumeliotis@thomsonreuters.com; +1 646 223 6022; Reuters Messaging: greg.roumeliotis.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, Inc. (CSGP) Q3 2020 Earnings Call Transcript Image source: The Motley Fool. CoStar Group, Inc. (NASDAQ: CSGP) Q3 2020 Earnings Call Oct 27, 2020, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q3 2020 CoStar Group Earnings Conference Call. At this time all the participants are in a listen only mode [Operator Instructions] After the speakers presentation there will be a question-and-answer session. To ask your questions during the session, you need to press star one on your. I would now like to hand the conference over to your speaker today, Ms. Sarah Spray. Please go ahead. Sarah Spray -- Investor Relations Thank you. Good evening, and thank you all for joining us to discuss the third quarter 2020 results of the CoStar Group. Before I turn the call over to Andy Florance, CoStar's CEO and Founder; and Scott Wheeler, our CFO, I would like to review our safe harbor statement. Certain portions of the discussion today may contain forward-looking statements, including expectations for the fourth quarter and full year 2020. Forward-looking statements involve many risks, uncertainties, assumptions, estimates and other factors that can cause actual results to differ materially from such statements. Important factors that can cause actual results to differ include, but are not limited to, those stated in CoStar Group's press release issued earlier today and in our filings with the SEC, including our most recent annual report on Form 10-K and quarterly report on Form 10-Q under the heading Risk Factors. All forward-looking statements are based on information available to CoStar on the date of this call. CoStar assumes no obligation to update these statements whether as a result of new information, future events or otherwise. Reconciliation to the most directly comparable GAAP measure to the non-GAAP financial measures discussed on this call, including EBITDA, adjusted EBITDA, non-GAAP net income and forward-looking non-GAAP guidance, are shown in detail in our press release issued today along with definitions for those terms. The press release is available on our website located at costargroup.com under Press Room. As a reminder, today's conference call is being webcast, and the link is also available on our website under Investors. Please refer to today's press release on how to access the replay of this call. And with that, I would like to turn over to our Founder and CEO, Andy Florance. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Good evening, and thank you for joining us today for CoStar Group's Third Quarter 2020 Earnings Call. Total third quarter revenue was $426 million, up 21% year-over-year. For 20 years, CoStar has grown revenue 20% plus on a compound annual basis. Our performance this quarter is no different and shows clear evidence that in the midst of this pandemic, our business is strong, resilient and countercyclical. In the third quarter of 2020, all of our businesses performed well and continued to be solid, resilient and showed the performance that we saw as we exited the second quarter. In the third quarter, we achieved $53 million in quarterly sales bookings, a 53% increase over Q2 sales bookings. This was one of our strongest sales quarters ever despite the continued high levels of economic, social and public health uncertainty. Our marketplace businesses displayed very strong countercyclical growth with Apartments.com revenue up 23% in the third quarter 2020 over the third quarter of 2019. Similarly, LoopNet revenue was up 19% year-over-year in the third quarter. Our earnings in the third quarter were very strong with net income of $58 million and adjusted EBITDA of $134 million. Our sales team at Apartments.com turned in one of their best performances ever in the third quarter, with net new sales up a massive 59% versus the same quarter a year ago. Customers continue to invest in Apartments.com because of the strong and growing lead flow we delivered, driven by growing site traffic and engagement. During the quarter, we set yet another record for site traffic. According to comScore, for the third quarter, average unique visitors per month to the Apartments.com network of sites in the quarter was over 25 million, up 20% from the same quarter a year ago. The growth in lead flow was even stronger as total leads generated for our clients from the Apartments.com network of sites in the quarter was up 43% over the prior year quarter, beating the previous record by 16%. Our increased investment in marketing is driving these gains and allowing us to further distance ourselves from our competition. According to comScore, in the third quarter, Apartments.com had 2.3 times as many unique visitors as RentPath, 9 times as many as Zumper 12 times as many as Apartment List, and 22% more than the Zillow Rental Network. Third quarter over second quarter 2020, the Apartments.com network added 14.5 million visits sequentially, while RentPath went down 5.3 million visits. We believe that customers take notice of and care about the huge traffic and lead advantage Apartments.com offers them. Our customers routinely tell us who they are marketing with, including whether they're marketing with RentPath. Since the beginning of 2020, we estimate that we have added $36 million in annualized revenue to Apartments.com for multifamily properties that were advertising on RentPath. We have added thousands of new properties as advertisers on Apartments.com this year. During the same time period, we do not believe that RentPath has grown their revenue. In fact, we can see from their advertised sales promotions, they're shifting their focus to reselling advertising solutions that, in fact, compete with Apartment Guide and Rent.com. RentPath offers services placing ads for apartment communities on Facebook, social media, Google SEM and the like. They may be doing this because their core sites are less and less attractive to advertisers. We believe that this shift in their business is shift to lower margin, less differentiated product. From when we entered into an agreement to acquire RentPath before any of us had ever heard of COVID, it seems like the world has changed. While we continue to seek approval at the Federal Trade Commission to close on our acquisition of RentPath, right now, we're very focused on laying the groundwork for a very strong 2021 for Apartments.com. We believe that the total addressable for Apartments.com is huge and growing. In the U.S., 51% of the large apartment communities with at least 100 units are advertising on Apartments.com. Our penetration of the multifamily market continues to grow as we added 879 more of these 100-unit plus communities this quarter alone, with an overall average revenue per property of $1,060 per month. The opportunity to grow our client base and the properties with less than 100 units is much more exciting. They're both exciting, but the smaller, midsized opportunities is really remarkable. Just 3% of the over 35 -- 350,000 apartment communities with five to 100 units currently advertise with us. That's 3% of the 350,000, five to 100 unit key units, are advertising. But that customer segment is growing at twice the rate of the larger 100-unit plus community advertisers. In the previous quarter alone, 820 communities with five to 100 units began new advertising relationships with us for overall average revenue per property per month of $536. The broadest opportunity of all is to provide marketing and leasing solutions to the 18 million properties with one to four units. So far this year, we've sold about 5,900 ads to the one to 4-unit properties, including almost 2,700 in the third quarter at an average price of $150 per month. We are successfully adding clients from large, medium and small rental properties. This quarter, we blew past the $600 million run rate in annualized revenue and yet we only sold advertising to less than 1% of the U.S. rental properties. We clearly have a huge opportunity here and intend to invest in growing our Apartments sales force into 2021 to capture more of this opportunity and the potential for high incremental margins. The Apartments.com brand is well positioned to capture this opportunity. As I can argue, Apartments.com is becoming a household name and part of the culture. As many of you have seen, the proof point is the wonderful free advertising we received earlier this month from the writers at Saturday Night Live. In the VP fly debate cold open, Jim Carrey, playing Jeff Goldblum as a fly on Vice President Pence's head, delivers our slogan, \""Apartments.com is the place to find a place,\"" while the Apartments.com logo displays. Tens of millions of viewers watched that awesome free placement. This quarter, LoopNet was also able to prove resilient and countercyclical, recording a new all-time high in net new sales and year-over-year revenue growth of 19%. In the third quarter, LoopNet's record high in average monthly unique visitors at 8.3 million supported that revenue growth. That higher traffic drove a 70% increase in email and phone leads to our LoopNet advertisers in Q3 versus Q1 2020. We have implemented a comprehensive retargeting program this year, which we believe is instrumental to achieving both this growth in traffic and leads. LoopNet's strong traffic is driving strong sales of Diamond ads, our most prominent level, which reached a price point of $11,000 per month and averaged $3,260 per month in the quarter. It's a bargain price point when compared to the hundreds of millions of dollars of potential lease route that these ads are marketing. At the same time, it's a huge number compared to the average price point of only $10 to $20 a month that LoopNet was getting when we purchased LoopNet a little more than eight years ago. I'm convinced that the LoopNet opportunity is just as big as Apartments.com. As we begin making plans for LoopNet in 2021, we intend to invest in growing both our sales force and our marketing with an eye to accelerating our revenue growth even faster. We are working with our advertising agency to build a powerful LoopNet marketing campaign for 2021 that will encourage both owners and brokers to unleash their digital potential by being in the know, by being in the loop. It's a bit of a retro campaign in that getting in the loop was one of the first campaigns for LoopNet back at its founding. But since we acquired LoopNet, the platform has certainly transformed from a slow-growing website offering ads, cheap ads on lower Class B properties to the premier marketplace for world-class commercial real estate. We believe that now is the time to bring the LoopNet image and marketing up to the top level. You will know when we have achieved our goal when you hear the LoopNet slogan used in a future Saturday Night Live cold open, Pence-Harris presidential debate, four years from now. As LoopNet grows, we are adjusting our organizational structure to continue to facilitate that growth. Going forward, LoopNet's organizational structure will more mirror the Apartments.com organization, which we believe will allow it to focus fully on developing the growth potential of LoopNet. Where LoopNet in the past has shared leadership across product design, sales, customer service and marketing with CoStar, going forward, we'll have a dedicated management team within CoStar Group focused just on LoopNet growth. While the CoStar sales team will continue to sell CoStar for the foreseeable future, we have named James Moon, a veteran Apartments.com leadership team, to Senior Vice President leading LoopNet sales. Over the next 12 to 18 months, we plan to build out a dedicated LoopNet sales team with an incremental 100 to 200 sales professionals. We intend to announce a President of the LoopNet organization within the next month. We plan to place additional LoopNet leadership positions over the next few months. I want to highlight that all of our marketplaces are growing traffic. BizBuySell hit a new record in average monthly unique visitors this quarter. The Lands of America network also set a record this quarter and is now growing so fast, it's approaching LoopNet's traffic level with 6.8 million monthly unique visitors. The Lands network monthly unique visitor count soared 80% year-over-year. We completed our acquisition of Ten-X at the end of the second quarter this year. And after only three months with the business, I'm more excited than ever about its potential. One of the first steps we've taken is to put any property going to auction on Ten-X to the top of LoopNet and CoStar and present them as upgraded Diamond placements with enhanced retargeting. This is dramatically increasing their exposure to potential bidders. The benefit was immediate and dramatic. On the auctions that took place following this upgrade exposure, we saw the number of qualified bidders coming to Ten-X jump by 47%. We also observed a 19 percentage point increase in trade rate to 68% versus prior year. The trade rate is a percentage of the successful sales at auction divided by total number of properties brought to that auction. This trade rate of 68% is groundbreaking. Based on CoStar and LoopNet data on sales transactions over the past three years or even longer, the trade rate on traditional offline commercial real estate sales transactions is only 36%. 64% do not sell on their first listing. The minority that did sell were on the market for an average of 500 days before they sold. Obviously, specific properties vary widely, but those are pretty depressing numbers. Properties selling the traditional method took 5 times as long to sell on average compared to the 90 days it takes to sell a property on Ten-X. On Ten-X, both sellers and brokers have a higher probability of closing the sale at a much faster pace. Hypothetically, a broker utilizing Ten-X can sell twice as many properties in a quarter as an offline broker can sell in a year. We believe that, that is a major game changer. A potentially apt comparison for traditional commercial real estate sales market is back to the days of the OTC pink sheets, which is a slow, expensive, illiquid and not very transparent market. We believe that Ten-X could be comparable to the advent of NASDAQ in the '90s, which dramatically increased price transparency, volume and liquidity in the OTC markets. The upside potential for every player in the commercial real estate market is tremendous and good. We are prioritizing the integration of Ten-X technology with both CoStar and LoopNet to be ready for what could be a significant wave of distressed properties coming to the market in the next 12 to 24 months. We will soon have real-time information on properties coming to auction fed directly to CoStar and LoopNet, creating additional exposure and interest from our 150,000-plus CoStar users and 7.8 million monthly LoopNet visitors. The full merger of the two back-ends is expected to be achieved during 2021. Ten-X is an exciting space to watch even from an operational perspective. I think that once we get those real-time feeds going, everyone will be glued to their screens as the auctions take place. CoStar has continued to grow through the pandemic despite the pandemic's negative impact on commercial real estate. CoStar revenue grew 6% in Q3 over the same quarter a year ago. Net sales bookings surged back from a soft second quarter, growing 146% third quarter over second quarter 2020. Considering the scale of disruption to commercial real estate this year, I'm very impressed with our team's ability to maintain a strong renewal rate as we have. The vast majority of cancellations from the second quarter occurred among small, 1- and 2-agent broker shops. Over the past six months, only six firms with five or more brokers have canceled their contracts, clearly demonstrating that the information analytics that CoStar provides are truly mission-critical. I'm very optimistic about CoStar's potential moving into 2021. Just one of our headline product enhancements in the pipeline for CoStar is the integration of robust CMBS data into CoStar. The CMBS data includes deep information on over 100,000 commercial real estate loans, with 90,000 tenant lease expiration dates, 40,000 detailed operating statements and details on -- of thousands of distressed loans. CoStar customers will be able to search for properties based on loan maturity date and payment status. They will have access to detailed operating statements at a property level and tenant lease expiration dates. We'll build income and expense models that customers can use to build their assumptions on acquisitions, valuations or developments. We will be able to use this data to inform our forecast models and analytics and to enhance our overall research efforts. I'm also excited about the multitude of major enhancements we have in the work as we integrate hospitality information into CoStar. We are close to integrating all of STR's properties into the CoStar database. We are building a suite of hospitality analytic tools into CoStar that we believe will be the best-in-class. We have designed the next phase of developments to migrate the STR benchmarking capabilities from emailed worksheets to a fully digitized, end-to-end SaaS benchmarking solution for the hospitality industry all integrated with CoStar. We aim to offer a broad range of functionalities, including a dashboard view of traditional benchmarks, such as RevPAR and all the STAR reports and also the P&L metrics and forward booking data. The tool will have enhanced portfolio analytics. I believe that this is a potential killer app in the hospitality segment. While the analytics and benchmarking we are building here are specific to hospitality, I think it's particularly exciting because it creates a proof of concept for CoStar's ability to deliver robust benchmarking across other commercial real estate asset classes in the future. In addition, we have made excellent progress and are on track to deliver a full-featured, internationalized and polyglot version of CoStar in 2021. If you think CRE analytics are cool, both of you, then you would love seeing our new capabilities to generate on-the-fly, real-time, aggregated comparative analytics from multiple countries, multiple languages and multiple currencies all presented in the currency localization and language of the user's choice. So exciting. Given the progress on international CoStar, it's timely that we're announcing today the closing of our purchase of Emporis, a German-based international commercial real estate data provider. Acquiring Emporis allows us to integrate their 700,000 building records and over 600,000 images across 100 countries into CoStar, providing a jump-start to our international data collection efforts. In 2021, we plan to integrate and enhance the international data we have from our existing operations in Spain and Germany into CoStar. Beyond this, we've identified additional 50 international cities that we plan to add to Costar with cost-efficient data collection efforts initiated over the course of the next 24 months. We believe the market opportunity for us internationally is more than twice the market opportunity in North America. If you've noticed, over the past six months, we've increased our cash reserves through a combination of equity and debt funding to almost $4 billion in cash. I expect that the questions at the end of this call will be similar to every prior call and that someone will rightfully ask where are you with merger and acquisitions. Given that I cannot discuss specific targets or potential transactions, I thought it helpful to clarify what we look for and the criteria we apply when we're evaluating acquisition opportunities. So let me answer the question in advance, but likely, the question will be asked anyhow during Q&A just slightly differently, but nuance is fun. We're a disciplined acquirer. Our strong balance sheet and stated intention to deploy our cash for M&A have attracted attention from practically anybody considering selling their business in the proptech space. It's a big group. There are currently 7,000 proptech companies trying to create value by digitizing real estate. It's our practice to be open-minded and talk to everyone and consider carefully all potential acquisition opportunities, the vast majority of which we don't pursue. For the ones that we do not pursue, it could be because they're too far afield, too far from what we do, overvalued, not strategically valuable, too small, throw red flags and due diligence or have no clear path to accelerate growth, among other reasons. One common theme for us has been to use acquisitions to enter a new, closely related real estate segment. For example, we acquired national retail bureau to jump-start our retail entry. We acquired Apartments.com to enter the apartment sector. We acquired STR to enter hospitality. We acquired Lands of America to enter the real land space. In these cases, 75% of the technology and processes are identical to what we already do, maybe more than 75%. Placing a point on map with geo query, presenting acres and square feet, property photos and videos, property characteristics, marketplaces, aggregate analytics and more are the same from one property type to another. Our expertise in one sector enable us to innovate quickly into a new segment. We believe that each time we add a new property segment, our solutions become more valuable to many of our clients because we offer them a more comprehensive solution to their needs. Banks almost always lend money across many property types. Appraisers often value, almost always, more than just one property type. Brokers transact across multiple property types, local government deals with all kinds of property types. Owners often own more than just one property type. Giving these clients consistent, convenient information solutions in one integrated offering is invaluable to them. Another theme for us is to target entering closely related solutions in the same property segment. For example, CoStar is and was a strong commercial real estate information solutions provider with a lot of data. And by acquiring LoopNet, we added commercial real estate market expertise and revenue. The commercial real estate information resources we already had allowed us to quickly innovate the marketplace solutions LoopNet offered, making them more valuable to searchers. Once we integrate the data behind LoopNet and CoStar, each product essentially generate free data for the other as a byproduct, making each more valuable. We sometimes acquire companies with complementary geographic footprints with similar segment coverage and solutions in order to accelerate our geographic expansion efforts. We built out much of our U.S. coverage 10 to 15 years ago this way and some of the European coverage about 10 years ago, five years ago. We often prefer to buy companies that are slow-growing, where we believe we see strategies to accelerate their growth rate. We have a strong track record of buying slow-growing companies and accelerating their growth rates. Today, Apartments.com is 6 times the size it was when we acquired it, LoopNet is over 4 times, Real Estate Manager is almost 6 times as big, and COMPS.com is over 8 times as big. Most of these companies were growing in the low single digits, if at all, when we acquired them, and we then accelerated them to a strong, consistent double-digit growth. We jump when we see a chance to acquire a larger company that is a similar product with redundant cost structures. Our acquisition of ForRent is a good example of acquiring a company, eliminating most of the cost structure while maintaining most of the revenue. It's great when you can do a deal where you're converting revenue into EBITDA. We prefer to acquire larger companies to obtain scale results for relatively the same effort. It's called the Frank Carchedi theory. Since acquiring small or large companies seem to take about the same amount of effort to do right, it makes sense to acquire larger ones. We generally invest in smaller companies only to obtain strategic new product solutions or for the purpose of research and development. Each of the acquisitions we consider must have multiple opportunities to create significant growth and profit for the business. Otherwise, we typically pass on the deal. With this approach, it only takes one of multiple possible investment theses to pan out in order for the acquisition to succeed. Historically, we've taken a balanced to conservative approach to financing acquisitions. Over the past 10 years, we've deployed approximately $6 billion for acquisitions and have leveraged operating cash, equity raises and short-term debt in roughly equal parts to fund these deals. We anticipate continuing this balanced funding approach in the future with one additional criteria as a result of our debt offering. Going forward, we're absolutely committed to protecting and maintaining our investment-grade credit rating. Finally, I'm going to wrap up with some observations about the real estate economy. Looking to the economy and the current state of the commercial real estate, we see a labor market recovery that is noticeably slowing. Furloughed workers continue to be rehired as the economy reopens but at slower and slower pace each month. The hardest hit sectors of the economy, like restaurants, hospitality, entertainment, are struggling to try and reopen safely as the colder months of the year approach and what appears to be a third wave of infections is beginning to ramp up or as Dr. Fauci says the first wave. But an interesting thing is happening. Even if the possibility of new stimulus seems to be fading, measures of household and business confidence have been rising recently, and census data of new business formation shows that growth in new companies is up nearly 40% from a year ago, more than triple the growth rate at this time in 2019. This isn't what we normally see during recessions. New business formations fell 15% in 2008 and were 0 in 2009. Commercial real estate weathered a tough second quarter and showed resilience in Q3 2020, even the hardest hit sectors of the market. Hotel occupancy continued its slow grind higher, reaching 50% by quarter end. Parts of the retail landscape clearly remained challenged by reduced traffic and social distancing mandates, but I should note that leasing volumes recovered strongly for retail assets in the third quarter. Retail properties leased to essential credit tenants have been a bright spot as well as discounters and grocery-anchored properties. We've seen grocers taking over previously challenged spaces vacated by home good retailers and even booksellers. This is maybe a good sign to note-good time to note that Amazon opened its first physical grocery store during the third quarter called Amazon Fresh. There is still plenty of distress to work out in retail and hospitality, and we're continuing to see increased usage of the product from our clients and asset management, credit and especially valuation departments. We've heard from clients that -CoStar's clients that CoStar's services are more mission-critical now than ever before, and I think that shows in CoStar's resilience. On the other hand, I hardly need to tell you that the industrial sector has enjoyed great tailwinds in the current e-commerce-driven environment. CoStar data tells us that the third quarter 2020 was actually a new record for industrial leasing volume. Amazon obviously led the way, but a deep roster of firms are looking to expand their distribution footprints to catch up. Walmart and Target have been especially active this year, along with third-party logistics firms, home good retailers and a long list of others. The surge in leasing demand is coming at the perfect time as there's a record amount of space set to deliver in the near term, much of which remains available. The office market has been inundated with headlines for months now with competing stories of this company shifting toward permanent remote work while another company is starting to move toward a return to office. It seems inevitable there will be increased adoption of flexible work schedules to some degree, but there'll also be demand for more space for social distancing. It's interesting to note that one of the biggest office deals during the third quarter was Facebook's purchase of a brand-new, 400,000-square-foot office campus in Bellevue, Washington, with a price tag of over $350 million. That sure is a lot of money to spend in a lot of office space. They aren't the only big-tech companies buying or leasing office space in the third quarter. The likes of Google, Apple, Amazon, Microsoft and others have been very active acquiring office space. The multifamily sector has been one of the most fascinating to track over the last seven months. There isn't a lot of high-frequency data in the commercial estate market, but Apartments.com provides us with millions of data points each day on rents and availabilities, giving us real-time views of the market. A large supply wave of 4- and 5-star properties in downtown, CBD locations has continued to push those rents lower. After the second quarter produced the lowest net absorption in eight years, there are fears of a lost leasing season for 2020, but Q3 absorption rocketed back. It was the largest third quarter ever recorded at CoStar, showing that apartment demand has simply been pent up during the first few months of the quarantine. The 2020 leasing season has simply been delayed, and higher vacancies and expensive, newly delivered product are an expanded opportunity set for Apartments.com to help owners to fill those units. The real estate capital markets have begun to show some stabilization. Third quarter deal volume was down 40% from last year, but a closer look shows that each month of the quarter got better. September deal volume was only $4 billion short of the average September over the last five years, only $4 billion. A selling of the lending markets has certainly helped as CMBS spreads have come back down from their widest levels and new issuance has picked up. Looking at pricing, our same-store price indices indicate valuations have largely plateaued and are yet showing year-over-year declines or broadly higher cap rates. This flattening of prices around pre-COVID levels is consistent with what we're hearing from clients. There's still plenty of demand for good assets, and those that trade aren't going for meaningful discounts. More challenged assets are simply not trading if they don't have to. It seems that fewer being forced to trade today as underwriting standards and leverage were more conservative going into this downturn than the last. We know from CMBS delinquency and special servicing rates that a wave of distressed assets in hospitality and retail is coming, and the Ten-X platform is expected to give us insight in the investor demand for those properties. We believe a mountain of dry powder waiting on distressed properties is large, which will make an interesting space as we look into 2021 and beyond. This quarter has again demonstrated that our data and information are mission-critical to our customers and that our marketing business are countercyclical. We're extremely pleased with our strong third quarter results, and we're very excited about a strong finish to the year and a great 2021 around the quarter. So -- and to talk more about the growth, I'm going to ask our CFO, Scott Wheeler, to please wear a mask when he's shopping in our store, and then he can deliver his report for the quarter. Scott Wheeler -- Chief Financial Officer Thank you, Andy. I have now removed my mask for all those wondering while Andy coughs nearby. Actually, it's our firstearnings callsince, what, February where we're actually together in the same room. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Isn't it great? Scott Wheeler -- Chief Financial Officer Although the room now has these massive, huge air-purifying fans and we're sitting at least eight feet apart, we're at about the safest place you could be. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Yes. Scott Wheeler -- Chief Financial Officer It's quite cleanly in here. In fact, my skin is drying out. There's so much... Andrew C. Florance -- Founder, Director, President & Chief Executive Officer We could also -- while Scott's delivering his section, I'm going to manufacture integrated circuits. Scott Wheeler -- Chief Financial Officer All right. What was I talking about? That's right, the recovery. We experienced a great third quarter, improved off the second quarter, and our momentum is building nicely. $53 million in net new bookings for the third quarter, we think, is an outstanding result, the second highest ever, and it was in the midst of our global pandemic. With these strong sales, our third quarter revenue of $426 million came in $6 million above the high end of our guidance range, resulting in 21% year-over-year growth in the third quarter, which was over 200 basis points above our forecast. That makes 14 quarters in a row with growth at or above 15%, and we have now crossed $1.7 billion in revenue run rate for the business. We now expect consolidated revenue growth of approximately 18% for the full year of 2020. Looking at our revenue performance by services. CoStar Suite revenue growth was 6% year-over-year in the third quarter, slightly ahead of our forecast. The sales of CoStar Suite improved sequentially in the third quarter by over 2 times the level of CoStar Suite sales in the second quarter. Accordingly, we expect revenue growth for Costar of approximately 7% for the year and approximately 4% in the fourth quarter of 2020 compared to prior year. Revenue in information services grew 70% year-over-year in the third quarter of 2020 to $33 million, as expected. The revenue growth expectation for the full year remains unchanged at approximately 45%, with revenue growth of around 14% in the fourth quarter as we begin to lap the acquisition of STR that occurred in late October of 2019. Without STR, we expect information services revenue in the fourth quarter to be approximately the same as the fourth quarter of 2019. Multifamily revenue growth for the third quarter was outstanding, improving to 23% over the third quarter of 2019. The number of properties advertising with us increased around 10%, while the average revenue per property increased by approximately 12%. We expect revenue growth of around 23% to continue in the fourth quarter, results in approximately 22% revenue growth for the full year of 2020. Multifamily is now at a run rate of over $600 million in revenue and on an annual basis is adding approximately $120 million in revenue growth in a year's time. Clearly, our Apartments.com operating model is delivering fantastic results. And as Andy mentioned, we're looking forward to replicating that same model for similar results with LoopNet. Commercial property and land revenues grew 38% year-over-year in the third quarter of 2020, slightly ahead of our expectations. And this sector now includes Ten-X for the first time this quarter. LoopNet marketplace revenue grew 19% year-over-year in the third quarter of 2020, sequentially up a bit from the 18% in the second quarter. LoopNet had the highest sales quarter ever in the third quarter as a result of all-time high traffic, improved marketing efforts and a strong effort by our combined CoStar-LoopNet sales team. Including Ten-X, we expect full year revenue growth for commercial property and land of approximately 25% to 28%. Organically, we expect full year revenue growth for commercial property and land to be approximately 15%, with LoopNet growing 20% for the full year. Our gross margins came in at 82% in the third quarter of 2020, slightly increasing from the 81% gross margin we achieved in the second quarter. We expect overall gross margins of approximately 81% for the full year 2020. Profitability was strong in the third quarter with net income, adjusted EBITDA and non-GAAP EPS results all ahead of the guidance we issued in July of this year. Our third quarter adjusted EBITDA of $134 million was approximately $9 million above the top end of our guidance range. Most of the improvement came from our higher revenue with some additional benefit in lower G&A costs than expected. The resulting adjusted EBITDA margin of 31% is 200 basis points above the midpoint of our guidance range. We increased marketing spend, as planned, in the third quarter compared to the second quarter, making the third quarter our highest marketing spend quarter of the year for the first time since we've acquired Apartments.com. Cash and investment balances were approximately $3.9 billion as of September 30, 2020, up over $300 million since the last quarter. The cash increase reflects the closing of our investment-grade bond offering in early July and repayment of our outstanding revolver balance. Our net cash balance at quarter end was approximately $2.9 billion, and our gross leverage ratio is 1.9 times based on $1 billion debt outstanding and the midpoint of our guidance range for adjusted EBITDA for the year. We're pleased to see that our bonds have consistently traded at a premium to the initial offer price, and we remain strongly committed to our investment-grade rating as we pursue our M&A objectives. Now we'll look at some of our performance metrics for the quarter. At the end of the third quarter, our sales force totaled approximately 860 people, in line with the last quarter. Excluding the acquired sales teams from STR and Ten-X, which we included in our sales force numbers last quarter, our sales force has declined about 6% in 2020 overall. We recently began hiring sales team members to support growth across all our businesses, which is a good sign, and we'll soon start building the LoopNet sales force that Andy mentioned. Renewal rate on annual contracts for the third quarter of 2020 was 89%, in line with the second quarter, slightly better than we expected. We're encouraged that the renewal rate has stabilized after only one quarter of downward pressure from the disruption in Q2. Renewal rate for the quarter for customers who've been subscribers for five years or longer remained strong and steady, in line with the 95% renewal rate from the second quarter of 2020. Again, the stability in the renewal rate is encouraging, reinforcing the value of our platforms to our customers especially during periods of disruption in the market. Subscription revenue on annual contracts accounts for 79% of our revenue in the third quarter, which is down from the 82% this time last year and last quarter. The decline of 3% is a result of including Ten-X revenue in the calculation for the first time. Ten-X revenue is based on a percentage of the sales value for transactions completed using the Ten-X platform. In total, when we include all subscription contracts regardless of contract length, approximately 94% of our revenue is subscription-based after including the Ten-X revenue in our calculation. I'll now discuss our outlook for the year and for the fourth quarter of 2020. We currently expect revenue for the full year in the range of $1.644 billion to $1.65 billion, which represents a growth rate of 18% at the midpoint of the range compared to 2019. This revenue outlook represents an increase of $12 million at the midpoint compared to our prior guidance. We expect revenue for the fourth quarter in the range of $429 million to $435 million, representing growth of around 15% at the midpoint compared to the fourth quarter of 2019. We expect adjusted EBITDA for the full year 2020 to be in the range of $525 million to $530 million, which is an increase of approximately $8 million at the midpoint of the range from our prior full year guidance. With this increased forecast for adjusted EBITDA, we are now slightly above the midpoint of the full year EBITDA guidance that we provided for 2020 back in February before the pandemic. It certainly wasn't a straight line from there to here, but we're very pleased that our team was able to deliver the profit numbers that we guided to at the start of the year despite all of the disruption and dislocation. For the fourth quarter of 2020, we expect adjusted EBITDA in the range of $139 million to $144 million. With strong traffic growth and record sales levels for LoopNet in the third quarter, we increased marketing spend for LoopNet and Ten-X in the latter part of Q3. We expect to continue this marketing spend level in the fourth quarter of 2020 and beyond in support of the expected growth in both of these businesses. This is why our adjusted EBITDA guidance increase is less than the increase in our revenue guidance. Our outlook for the year currently includes a year-over-year increase in our marketing spend of approximately $90 million. Apartments.com represents approximately $70 million to $75 million of the increase, with the rest attributable to LoopNet and recently the addition of Ten-X to our business. The success of our marketing campaign is evident in our outstanding traffic, sales and revenue results. We expect full year non-GAAP net income per share in the range of $9.39 to $9.49 per share based on 38.3 million weighted average shares. This is an increase of $0.12 per share from the midpoint of our prior guidance. For the fourth quarter of 2020, we expect non-GAAP net income per share in the range of $2.34 to $2.44 per share based on 39.5 million shares. While I know some of you undoubtedly are curious about our outlook for 2021, and we're not planning to provide 2021 guidance until after the end of this year, we're currently working through our planning and budget process and the many great growth opportunities we have, but we'd like to have the benefit of four more months of results under our belt before we finalize and communicate our plans for 2021. Overall, we remain committed to our long-term objectives of $3 billion in run rate revenue and 40% adjusted EBITDA margins in 2023. In summary, we've certainly had an impressive third quarter. Sales rebounded strongly from the early phase of the pandemic, and our momentum continues into the fourth quarter. We expect to exit the year with strong double-digit revenue growth both in total and organic revenue growth despite the continuing global pandemic and uncertain economic environment. Our balance sheet is rock-solid and ready to support significant acquisition-driven expansion, while we remain committed to maintaining our fresh brand-new, investment-grade credit rating. So thank you for your time and your support. I look forward to updating you on this year's results and discussing our 2021 operating plans in February 2021. With that, operator, we can now open up the call for questions. Questions and Answers: Operator Your first question will come from the line of Pete Christiansen of Citi. Please go ahead. Peter Corwin Christiansen -- Citigroup Inc. -- Analyst Good evening, thanks for the question gentlemen. I wanted to dig into the growth that you're seeing in multifamily bookings a bit. There's this notion that you have a bifurcation in the market between metro and suburban areas, vacancies growing in metro areas, higher competition in suburban areas. Can you talk about what you're seeing from a sales perspective? Where is the platform really winning today? Andrew C. Florance -- Founder, Director, President & Chief Executive Officer I don't think we have our sales results broken down by urban and suburban, but my sense of it is that we are seeing -- we're going to be seeing strong sales in the CBDs because these -- there are a lot of properties in the central business districts that are in lease-up. There's been a high supply there and those folks would have -- well ahead of any disruption, would have allocated significant investment for marketing for lease-up, but at the same time, we haven't heard anything to indicate that suburban properties aren't also accelerating their investment in Apartments.com. So, it's across the board that we're seeing this. I think one of the more exciting things is when you look at that number for accelerated sales in the one to four units, which is both suburban and CBD, you can see that -- I mean year-to-date, I think the number is 5700 or 5900 and half of those sales occurred in the last quarter and that's that mid-market sales team, and they're basically geographically dependent. They're covering suburban, urban, rural, the whole nine yards, so good pacing on that across the board there. Operator Next question will come from the line of Mayank Tandon of Needham. Please go ahead. Mayank Tandon -- Needham & Company -- Analyst Thank you. Andy, you mentioned the international opportunity two times domestic. I just want to get your thoughts on sort of how you go about building it out. Is it still market by market? I think you launched Madrid like several years ago, and then you did that deal in U.K., Realla, I believe, and then you got this deal announced today. I just want to get your thoughts on inorganic versus organic to take advantage of the opportunity internationally, thank you. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Sure, so Sarah Spray is holding up her hand saying it's three times. The global opportunity is three times U.S. opportunity. I, in editing the script, sandbagged it down to two times the opportunity. So, we could debate the semantics of potential there, but we can all agree it's large and the nice thing about is it's also -- it continues to differentiate us as a particularly valuable vendor to folks who are flowing capital cross-border, so when you look at some of the bigger markets, London, New York, often, more than half, as much as 70% of the capital going into investment-grade properties, is crossing borders. So, building a good international solution is particularly valuable to a lot of our best clients. I don't think we have the same opportunity to acquire in the traditional commercial real estate space internationally, like we're just well ahead of any other solutions out there around the world. I mean there are a couple of little players here and there, but not quite the same opportunity we had here in the United States. We are -- the new international CoStar really looks quite impressive when you see it. You'll think, OK, that's really nice, it's very elegant, and our thought is, is that our clients who subscribe to national data in their countries will just be able to see properties around the world and the addition of Emporis allows us to really crank up what they're going to see when we integrate that in. So you know, as soon as we finish that, someone in New York will be able to see thousands of properties in Sao Paulo or in Buenos Aires or in Tokyo. Now, we won't have the same level of detail that we have on CoStar properties in London or New York or Richmond, but it will still be a decent content. Our plan is to focus first on integrating in Germany and Spain, where we already have a wealth of content, get that in there and then we've identified, on a crazy number of parameters that I won't go into, a target set of countries and a pacing for those countries based on liquidity, transparency, availability of data, a bunch of other things and we're going to start with a light model. We might put a team of five or ten folks into a -- into Portugal and focus on comparable sales news, market analytics, comparable sale research and then scraping a lot of the availability content and user data and we're going to treat it a little bit like we treat the United States, where we did flights of cities. We didn't do one at a time, we did five at a time, ten at a time. So, we'll flight cities and we'll just keep working at it until we've gotten through our initial hit list of about 50, and we'll put one or two salespeople in each one of these markets. Again, these are -- these investments are not nearly as large as the investments we've made when we went into the United Kingdom. We'll be relying more on scraping and user entry, which has become bigger and bigger for us, and then also uploading -- digitally uploading user content. So, the -- it's an odd time to do it when you can't cross an international border. By the time we're -- but by the time we've -- got guys and ready to go, we anticipate that we will be able to cross borders again. Operator Next question will come from the line of Ryan Tomasello of KBW. Please go ahead. Ryan John Tomasello -- Keefe, Bruyette -- Analyst Good evening everyone, thanks for taking the question. The for-sale housing market is clearly seeing an acceleration in demand, which I think has a lot of people wondering if this represents a secular shift in homeownership preferences. So, my question, Andy, is with that as a backdrop, is there any desire to expand CoStar's footprint in housing beyond the rental market? You know, what types of areas of that sector can make more sense and be most complementary, you know, for example, anything on the marketplace side or perhaps on the construction data side, that would be an interesting area for CoStar? Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Yes, so, I mean there are a lot of different subsectors. Just like there are a lot of different sectors in the commercial real estate information and marketplace area, there are a lot of sectors in the residential side. I think that -- it's good to note that CoStar Group actually began life as a residential information business. So, when I first started up, I was doing assessor or recorder of deeds and downloading MLS data. So actually, we started residential. We focused on commercial, obviously. The -- looking at some of the areas you're talking about, the construction data area is interesting, historically not terribly interesting, for a number of different reasons. There's -- there are information services, there are lending services, there are marketplaces. I would note one of the things that really stands out for me is that the United States is an oddly underdeveloped country when it comes to residential marketplaces. If I look at a mature residential marketplace provider like REA Group in Australia and I take the relative size of U.S. and Australia on a GDP basis, it would imply that you'd create a market cap of about $200 billion in the U.S. on a residential marketplace. You'd create $1 billion-plus of EBITDA in that area and yet no one's really doing a good job, but the same thing with Rightmove in the United Kingdom. If you just take their 50%-plus margins -- I think they're 60%, 70% margins but they're huge, and you just scale them to the U.S., there's clearly a lot of opportunities in the U.S. that are underdeveloped while people are moving in -- away from really pure digital models and getting into actually becoming players in brokerage and flipping and mortgages, and so I think there's some big opportunities out there, nothing to talk about today but very focused on it. and it's an area we feel very comfortable with because we've been working with that space for a while. You can see we're selling a lot of product that, what -- in essence, are houses for Apartments.com recently. So, it's interesting we're keeping an eye on it. And we're -- there's nothing remarkably different about the picture of a house, a dot on a map for a house, a dot on a map for a building, assessor parcel record for an industrial building or a house or a walk-up, so all very similar. But again, the whole space of digital real estate is just massive and unlimited amount of opportunity. Operator Your next question will come from the line of Mario Cortellacci of Jefferies. Please go ahead. Mario J. Cortellacci -- Jefferies LLC, Research -- Analyst Hi, thanks for the time. I'm just curious about Q3 new bookings. And I know that Q2, a majority of it was in June. And I'm assuming that, that pent-up demand carried over into Q3. So I just wanted to get a sense for what the cadence of the net new bookings were throughout the quarter. And then maybe you can even go a level deeper and maybe give us a sense for what the cadence was for CoStar Suite and LoopNet and Apartments.com just to get a sense for which ones may have accelerated versus which may have just had that pent-up demand and had maybe the first month be the largest. Sure. Let me take a shot at helping you with that one, Mario. The phenomenon we saw in the second quarter was clearly one of significant disruption early in the quarter and then with strong rebound, particularly led by Apartments.com in the marketplaces. I think when I look at the pattern that we saw in the third quarter, it was really pretty well distributed. There wasn't a slowing in the first month and then a big acceleration to the end. It was pretty evenly balanced. I think that pent-up demand that came out of April and possibly May, a lot of that came into June. Then it sustained itself pretty strongly in the third quarter across all of the months. Typically, the third quarter of -- or the third month of any quarter is our strongest from a sales perspective, and that's as much just with the sales pacing and making the quarter closings that the sales force is focused on. But I think if you look at each of the businesses, the marketplaces were very steady sequentially in the quarters. Multifamily tends to come off in the third quarter versus its second quarter numbers. That's seasonally same thing this year, but it was still very strong versus last year, as Andy mentioned. And then LoopNet performed strongly across all the months. Information services is the same with probably some slight growth as STR continues to just, month-to-month, do well with its customers. And CoStar, I think, had a very solid pattern across the quarter as well with no major real cycles to point out. So I think it was pretty evenly balanced and more so than actually some other quarters. So it's encouraging that we've seen that and that, hopefully, we'll see those same -- the same strength carried into the fourth quarter. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer I think the stick out -- the standout was probably LoopNet really. The CoStar sales force, I felt, became pretty positive about the LoopNet product and the potential for that as the quarter went on. Operator Your next question will come from the line of Sterling Auty of JPMorgan. Please go ahead. Sterling Auty -- JPMorgan Chase -- Analyst Yeah, thanks. Hi guys, I missed it but you said it -- but can you guys give us some more detail on the acquisition that you made? You gave some of the properties, but what is the price paid for an asset like that? And how much does that jump-start your ability to really get kicked off in that region? Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Yes. So I'll let Scott comment on the price. I think he'll say de minimis. I think it's in line with the coffee budget. And lately, we haven't been using much coffee here because but -- though I did buy my own milk for the headquarters today. So the yes. So it's a relatively small purchase price, small revenue stream. It's a company I've known the founders and the principles for a number of years. It's recently been acquired a couple of years ago. I think I've known this company for 10 -I think I went over to visit them 15 years ago or 12, 15 years ago. They have a network of photographers and researchers who are volunteer, sort of like wiki around the world, who go around to take pictures of buildings and collect data about who the architects are, the construction company. They focus -- they initially focused intensely on skyscrapers. They gave an annual award for the best skyscraper in the world. But as time went on, they started focusing on smaller and smaller buildings. In some cities where they've got good volunteers out there, they'll have great coverage, whether it be Sao Paulo or Buenos Aires or whether they'll Tokyo. They don't have the current availability and comparable sale data we might have. They don't have the news. But it's a great sort of grid for us to use to start to bring content in these markets and it has tremendous branding benefits. So the first time next year when a customer a longtime customer in New York who actually has cross-border investment, turns on their CoStar terminal and can browse different beautiful buildings in different cities around the world, I think people are going to waste a bunch of time looking at buildings all over the world from their CoStar terminal. And I think it's a great branding event. I don't when I look at a London broker, they often sort of look at CoStar as a London company, or a Chicago broker often looks at CoStar as a Chicago company. I think this sort of expands our brand and have them view us a little bit more like a Bloomberg, a global player, really moving away from what started life as an outsourcing function for these broker terms or owners to becoming more of a unique, completely different animal that's a vast global network of valuable commercial real estate data. So it's a teeny company but it's a fun one. It's exciting. It's got some great field researchers. We can't wait until we can travel and we can host these photographers for a global conference, and we'll end up taking a number of these volunteers and hiring them and making them full-time photographer researchers in South Africa or in Kyoto or in Sydney or in Moscow or in Bogota, wherever they might be. Operator Your next question will come from Andrew Jeffrey of Truist Securities. Please go ahead. Andrew William Jeffrey -- Truist Securities, Inc. -- Analyst Hey, good evening.I appreciate you taking the question. Andy, I like the description of some of the customer characteristics, the property characteristics and the partners. I wonder if you can talk a little bit about sort of how you'd frame up the -- I don't know if there's an average or a template kind of customer. But when you talk about the average spend especially in your -- in bigger customers but also down market, can you kind of frame up how much more spend do you think you can take and what the average revenue per property might look like by segment at maturity? It's a wallet share question. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Sure. So if I just take the -- and I think that there's some noise in that one to four category. But at the 100-unit plus category, we're at $1,000-some per month per property. I think that as the value propositions of digital marketing continue to grow for these owners, I think that number can -- there's room to grow there overall pretty significantly. I think that the -- when you look at the five to 100, the $500-some, that's an impressive amount initially. Those are often being sold by relatively junior, new people to the sales world for us in our mid-market group. So as they gain experience and as people become familiar with the value proposition of Apartments.com, I think that people bid for more exposure and drive some of those price points up. In particular in the middle, it might move up closer to the $1,000 mark. And then -- sorry. Google Maps wants me to go somewhere. So the -- and then at that lower end, that number is really quite impressive to me. This is our first year really focusing on that area and to add a sales team of about 30 folks focusing on the mid-market and the smaller properties and come up with 5,700 properties at $150 per month. And that number may be a little rough because they can extend. The time period is a little flexible, but many of them usually lease their property up within the month. They can go a little bit further than that but roughly $150 per month. If you think about it, the per-unit cost is higher and higher as you get smaller. So the folks over 100 units are getting a real bargain at $1,000 and the folks -- the thousands of people beginning to buy from us from single-family homes and condos and townhouses, they're willing to pay real premium at that $150 price point. That's probably 10 times the price point or more that a Greystar is paying for 100-unit plus committee. So I think we'll get -- we've had five years of continued appreciation in our average price point in all these areas. I think that trend will continue as we continue to build out a stronger and stronger product offering. And then the thing that I'm very focused on -- I hope you're listening to me, Paige Forrest, is we need to build a bigger boat because everyone wants to ride. So we need more salespeople but we can do that. We can build that team out. It's a great ROI, it's real straightforward, and we have a great team to grow with. Paige Forest is our Head of Sales for Apartments.com, by the way. Operator Your next question will come from the line of George Tong of Goldman Sachs. Please go ahead. Keen Fai Tong -- Goldman Sachs Group -- Analyst All right thanks, good afternoon. You're building on a dedicated sales force for LoopNet with 100 to 200 sales professionals. Can you discuss the timing of when the sales team will be built out by, how you plan to transition the sales process away from CoStar Suite sales, and what the implications are for margins? Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Sure. So -- gosh. Scott Wheeler -- Chief Financial Officer Really, are you supposed to go somewhere? Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Nowhere. Really, it wants me to -- it really wants to do that. Screw it, I'm going to kill Siri. Here we go. I just killed Siri. Scott Wheeler -- Chief Financial Officer Sorry, George. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer So yes. The happening there. So yes. So LoopNet separate sales force. I believe we already have hired the first 15 to 20 people. We've also reassigned maybe five or six people already, 15 to 20 folks in that group. For the foreseeable future, the Apartments -- the CoStar sales team is doing a great job selling LoopNet, and we'll continue to do so. They get the hang of it. They're doing a great job. But we just have so much opportunity on the LoopNet side and so much opportunity on the CoStar side. We really want to give folks the ability to focus on their core areas and make sure that all the good prospects are getting covered in any given year and that we are pursuing best practices on retaining and renewing those folks that do begin buying. So what we'll do is as we have both the CoStar team selling LoopNet and the new LoopNet team selling LoopNet, we will do cross-commissioning, which means that if I'm the primary lead on account and I'm a CoStar rep, when a LoopNet rep comes in and sells that account, I will get some referral commission and I get higher rates on my CoStar so that everyone's on the same team. The more they're selling LoopNet in the market, both the CoStar and the LoopNet people will get escalation in their commission rates. We do it so that it's still very high margin. I think that the ramp-up period for CoStar has historically been six months. As we bring people in and if they focus on the more entry-level LoopNet buyers, that ramp-up period is typically two months. And then as they go to higher-end properties, that might be six months. So I don't think there's a huge sag as we invest in bringing these people on board. I think they'll get productive pretty quickly. So ultimately, our fixed costs are really the research, the software and -- or in the margin. As you add these salespeople, they are incredibly high-margin incremental adds after the first six months of onboarding. So I think it will just allow us to accelerate revenue growth, and I think it will enhance margin and allow us to invest more in the product while maintaining a high margin over time. And the one thing that's just obvious to me is that the market opportunity is just larger than our current sales force. And our current sales force is doing a great job. On a one-by-one basis, these folks are productive. They're selling but -- they're profitable, but we just need more resources, and we'll be doing that over the next year or so. So one of the things I've done with all of our sales forces is I've asked them to give me a 5-year plan and a 1-year plan as to how many salespeople they think they need and to base that on how many high-quality prospects we have, what's best practice for keeping contact with those high-quality prospects and then the customers we have in each of these sales areas and what is best practice on onboarding and ongoing maintenance or relationship with those folks. And so it's just sort of a mechanical calculation. We'll have a 1-year goal for staffing gains and a 5-year goal for staffing gains. So that's where we are. Operator Your next question will come from the line of Stephen Sheldon of William Blair. Please go ahead. Stephen Hardy Sheldon -- William Blair & Company -- Analyst All right, thanks. On the multifamily side with solid levels of supply being in the market recently and over the next year and with some forecasting vacancy rates to trend higher, including, I believe, the forecast from your research group, what could that mean in terms of the ad sales environment for Apartments.com and the other multifamily marketplaces next year? Could it become an even more favorable environment than what you've seen this year as owners try to compete for tenants and to fill vacant units? Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Yes. So historically, the conventional wisdom has been and then the empirical experience this year is that the higher the vacancy rate goes, the greater the demand for lead generation with an online marketplace like Apartments.com. So we had heard -- operating Apartments.com for the last five years prior to the pandemic, we had heard that when the market goes south and the vacancy rates rise, demand goes up for these ads. And then the pandemic hit. And in fact, that's what we observed. If we do get a continued secular shift to housing -- and obviously, you know new home construction now is through the roof, lumber prices are through the roof, numbers are huge, there could be more competition for renters and that would bode very well for Apartments.com. I was on the phone with a friend last night, who's looking at running out their New York City flat, and they're having a tough time. And I sold my life-long friend $159 ad. That's how good a friend I am. Scott Wheeler -- Chief Financial Officer Always there to help. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Yes, always there to help. And now you can't use my pickup truck to move. I'm sorry. Operator Your next question will come from the line of David Chu of Bank of America. Please go ahead. Jitaek Chu -- BofA Merrill Lynch -- Analyst All right, thanks. So can you just discuss the LoopNet marketing plans? So it sounds like maybe about $15 million to $20 million in '20 -- or the fourth quarter. Just how much should we think about incremental in 2021? Just wondering if this is going to be something large, similar to Apartments? Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Do you want to talk about it? Scott Wheeler -- Chief Financial Officer Yes, yes. So what we saw, obviously, as we got into the third quarter and the strong response with LoopNet that both from paid traffic and retargeting, we found that, that was generating great leads and really helping our sales teams grow and grow the revenue. So to keep it in perspective, obviously, the Apartments business is a direct-to-consumer business, which you have to cover an awful broad territory in your marketing scope to generate the consumer traffic that we need. When we talk about advertising for LoopNet, it's going to be toward the owners and the brokers involved in property transactions. So it's a much more direct approach and it's not as broad as the consumer side. So fundamentally, it's not going to be as large as Apartments. Now when you look at our overall spend in marketing, Apartments is 80% of what we spend every year. LoopNet's only about 10%. And so when we ratchet LoopNet up by three or four more percentage points of that in the second half of the year, it's not a whole big number. So if you annualize what we're spending in the second half of this year, you might get another $10 million to $15 million of marketing spend next year for LoopNet. So now that our marketing budgets are significant as they are, that's not a whole lot. But we haven't set our plans for 2021 yet. We'll still be working on those for the rest of the fourth quarter. And as the marketplace for LoopNet continues to perform, we build that sales force, then we'll definitely want to give them the marketing support they need. But the growth will pay for all of this very easily in LoopNet just like it has for Apartments.com. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Right. So it is increased investment in SEM. We're having great success with our retargeting initiatives for both LoopNet and for Ten-X. That is giving -- providing real value to our Diamond, Platinum advertisers, great results. The fact that we know who's in market -- uniquely know who's in market searching for office space or investments or industrial or retail, once we discover who's in market, we can dramatically drive the frequency with retargeting, and that's working well. So we want to continue that. And then also, since we have a good sense of who's in market to invest in properties with Ten-X, we're investing in increasing the retargeting there. The metrics are great and the results we're getting there. And then we want to do general branding to elevate the image of LoopNet from what had in the distant past been more of a Craigslist for commercial real estate to more of a higher-end marketing platform like Apartments.com. So we will invest but we're investing at a lower level in Apartments.com, significantly lower levels at Apartments.com, but with a view to the fact that we can achieve the same sort of revenue numbers in LoopNet as we can at Apartments.com. Operator Your next question will come from the line of Jeff Meuler from Baird. Please go ahead. Jeffrey P. Meuler -- Robert W. Baird -- Analyst Yeah, thank you. Good evening. With the build-out of the dedicated LoopNet sales team, I wanted to ask about the plans for, I guess, the suite sales team capacity and prioritization. So just first, are you planning to maintain or grow that capacity instead of reallocate it? And then just from a timing perspective, given, I guess, some CRE end market challenges, is this just that the size of the opportunity with banks, lenders, investors, owners, et cetera, is so big and kind of those cool, new CRE analytics you have in the product development pipeline? But just if you could address just, first, the reallocation or growth in capacity and, second, the timing of when you're doing it. Thanks. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Yes. So we're -- the opportunity for the CoStar team. So we've seen them going more and more into selling LoopNet in the last quarter or 2, which is great news. I mean that's giving us great results from LoopNet, gave us our best sales quarter ever, LoopNet. But that means there's just not enough people left to sell to banks, owners, all the different folks, corporations who are buying CoStar. And as I look forward to 2021, and we've got a very robust, rich product pipeline that is transformative, we got to make sure we have a sales team ready to carry that out to all the opportunities we've got. So our -- we'll be pacing 10, 15 new hires, something in that neighborhood, each month going into the LoopNet side. We might be doing a little bit of growth in the CoStar side. And so just incrementally, as we -- and we're setting up the commission structure so that the CoStar salesperson benefits by making the introduction for a LoopNet person to do the work in selling into one of their accounts, freeing them up to go sell something else but still being able to make money by selling LoopNet into the -- facilitating the sale of LoopNet into their accounts. So it will be intenser ramp-up of both sales forces as we free up capacity in CoStar over the next 12 months, but it will probably be a growth rate of about two years. Most of the growth is in the LoopNet side, but that's freeing up resources on the CoStar side. And there'll be some growth in the CoStar side because just -- we can see we're unable to reach and prospect all the good targets we've got on either CoStar or LoopNet. I hope that answers the question, but the overall message is we've got a good product. We're investing into high margin, and we have a huge market opportunity. We're kind of bullish and we want to grow. Operator Your next question will come from the line of Joe Goodwin of JMP Securities. Please go ahead. Joseph P. Goodwin -- JMP Securities LLC -- Analyst Thank you for taking the question. Just a quick one on Ten-X. How did it perform in the quarter from a revenue standpoint? Did it beat expectations? And then as far as what that asset will contribute for the remainder of 2020, is that still in line with what you previously provided? Thank you. Scott Wheeler -- Chief Financial Officer Yes. We're pretty much in line with what we talked about last quarter. I think we said $25 million to $30 million contribution for the year. We're still right in that range, and it seems to be doing just as expected. Our focus on Ten-X right now is it's integrating the platforms. It's connecting to the LoopNet Diamond ads that Andy talked about. And really, until we get that platforms connected sometime into 2021, we don't expect Ten-X to perform really any differently than where it is today even though we have more interest. But until we can start elevating both the supply and the demand side with that back-end put together, we expect it to be about where it is until two things: we see the integration and then we see the advent of the distressed properties start to come through, which we expect really later next year. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer And I would add another element to that. So we're clearly in the under-construction phase with Ten-X. And as Scott says, optimizing the eyeballs to bring more bidders, we want to bring more demand to that market so when someone puts an asset up there, there's a robust set of bidders. So in each auction, I'm watching carefully to see how many registered bidders, how many people actually bid on each property, and I'm -- and this is not a monetary event. This is more of a tuning it to make sure we're bringing the demand to the marketplace. And we're getting fantastic results there. So the number of bidders is going up. The sell-through rate is going up. And as you do that -- and then also, we're -- yes, so as we do that, we're making good progress there. We're fine-tuning some of their go-to business strategy, go-to-market strategies like their pricing scheme, the way they're -- like there was some -- they were using traditional auction pricing, which I don't think is appropriate in a digital marketplace. We've been playing with their gross margins at different price levels and trying to optimize that a little bit. But the one thing that really stands out is that these numbers are great. I mean if we've got a process here that takes your success rate on selling a commercial property from 36% to 70-some-percent, that's really -- this can -- that's discontinuous change. That's transformative. If you take a process from taking 500 days down to 90 days, that's discontinuous change. We have appraised values for all these CMBS properties, and we'll take that data set to write a white paper to show that the properties actually sells the same or more in a digital process than an offline process. Then you have -- we can show that and establish that. We've got -- you're achieving the same value but you're doing it at a higher sell-through rate and you're doing it faster, dramatically reducing risk, everyone makes more money, all good. So you got a big winner. Ten-X was a relatively small company and it sort of sat in the shadow of Auction.com, the residential arm of that business. It's interesting Google had invested in Ten-X and Auction.com, and I'm told their primary interest was the commercial real estate marketplace side and I can see why. But recently, there hasn't been a lot of investment in that company, scaling it to its potential. And they have a very, very small sales force to feed the supply side. We're tuning the demand side right now, but the supply side was underdeveloped, so effectively 10, 12 salespeople to try to reach hundreds of thousands of properties selling. So that means that 99% of the properties going to market never heard from a salesperson from Ten-X. And one of the cool things is we've got this very large research, marketing consulting group in Richmond, Virginia, that's constantly talking every month with all these people that happen to be selling buildings. So we're going to be training them on how to develop interest in using this digital platform, and that will be happening over the next month or so. And then we are ramping up that Ten-X sales force so that we can take those leads and pursue twice as many, 3, 5 times as many, 10 times as many prospects, and so a great team-up with research and a growing sales force. We've put a new leader into that sort of field, traditional CoStar field research for us for Ten-X, a gentleman named Brandon Lewe. And so that will feed the supply side. So we're doing all these things, not moving the dial for revenue this month or next month but getting us really optimistic about the potential going into the back half of 2021, '22 and potentially change in the world. Operator And your next question will come from the line of Brett Huff of Stephens. Please go ahead. Brett Richard Huff -- Stephens Inc -- Analyst Good afternoon or evening Andy, Scott and Sarah. Hope you're all well. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer We are. Thank you. Likewise to you. Brett Richard Huff -- Stephens Inc -- Analyst Thanks. So a little bit bigger question because I'm having trouble trying to wrap my head around it and I've gotten some questions from clients. All the moratoria that are still in place and that may stay in place or however long they go for no apartment evictions, how do you all think about that both impacting the business today? Is it a negative demand driver today or positive? And then as those moratoria roll off presumably at some point, what is the impact on Apartments then? I don't understand how that good, bad and different or otherwise. So, thanks. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Yes. So it puzzles me a little bit because I would have expected a higher default rate at this point for people paying their apartment right now. You saw the article. I think they're in the Wall Street Journal. It's definitely growing, and the consortium of folks who are collecting rents have shown that the number of people who are in default on the rent is growing. While there's a moratorium in effect that in theory is bad for Apartments.com because I can't move in a new tenant if there's a moratorium in eviction, in practice, what's happening is the landlords want to build that supply so that the second they can evict someone who isn't paying their rent, they can bring a new renter. And so in practice, short term, in moratorium where it's not impacting us negatively and then when it actually -- when the system clears, that will probably create a lot of demand because you're going to have a lot of flow. Obviously, there's a terrible human cost here, but the question is more technical in the business. I did double check in preparation for the call today. I just checked with -- we're handling hundreds of thousands of rent payments for individual, generally single family homes, and surprisingly that the rent payments there holding up remarkably well. So, so far, no negative signals to our business in what I would have thought would have created a big negative signal. But when it clears, it's a positive signal. Operator We have no further questions at this time. I'll now turn the call back over to presenters for closing remarks. Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Thank you all for joining us for this third quarterearnings call and we look forward to wrapping up the year and I guess a number of months from now, but we'll update you on our progress toward some of the goals we've talked about today. And I hope you all have a good evening, and stay safe. And great for us to be back together in the same conference room forearnings call Thank you. Operator [Operator Closing Remarks] Duration: 88 minutes Call participants: Sarah Spray -- Investor Relations Andrew C. Florance -- Founder, Director, President & Chief Executive Officer Scott Wheeler -- Chief Financial Officer Peter Corwin Christiansen -- Citigroup Inc. -- Analyst Mayank Tandon -- Needham & Company -- Analyst Ryan John Tomasello -- Keefe, Bruyette -- Analyst Mario J. Cortellacci -- Jefferies LLC, Research -- Analyst Sterling Auty -- JPMorgan Chase -- Analyst Andrew William Jeffrey -- Truist Securities, Inc. -- Analyst Keen Fai Tong -- Goldman Sachs Group -- Analyst Stephen Hardy Sheldon -- William Blair & Company -- Analyst Jitaek Chu -- BofA Merrill Lynch -- Analyst Jeffrey P. Meuler -- Robert W. Baird -- Analyst Joseph P. Goodwin -- JMP Securities LLC -- Analyst Brett Richard Huff -- Stephens Inc -- Analyst More CSGP analysis All earnings call transcripts 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2020-10-29,79.851,83.687,79.62,82.826,
CSGP,2020-10-30,82.699,84.198,81.154,82.361,
CSGP,2020-11-02,83.477,85.472,83.087,85.088,
CSGP,2020-11-03,85.583,88.299,85.583,87.994,
CSGP,2020-11-04,89.646,92.358,89.545,90.25,
CSGP,2020-11-05,91.98,92.116,90.017,90.36,Here’s how to trade a stock market that is swinging wildly from one end of the trading range to the other A breakout from the S&P 500’s range would be significant A breakout from the S&P 500’s range would be significant.
CSGP,2020-11-06,90.654,90.654,89.358,90.265,
CSGP,2020-11-09,92.972,93.55,91.173,91.192,"CoreLogic sees new acquisition interest amid board challenge By Greg Roumeliotis Nov 9 (Reuters) - CoreLogic Inc CLGX.N, the U.S. property data and analytics provider that is seeking to fend off a board challenge from investment firms Cannae Holdings Inc CNNE.N and Senator Investment Group LP, said on Monday that it saw acquisition interest from new ""credible parties"" as deal talks progressed. Cannae and Senator have accused CoreLogic of refusing to launch a thorough sale process after it rebuffed their $7 billion acquisition offer. The investment firms have amassed a 15% stake in the Irvine, California-based company and are asking its shareholders to vote on Nov. 17 to replace nine of the company's 12 board directors with their own nominees. CoreLogic wrote to its shareholders on Monday that its strategic review process was progressing well and had secured multiple expressions of interest of at least $80 per share. Cannae and Senator's highest offer was for $66 per share, and the investment firms said last month they would not submit a topping bid and would welcome a sale of the company at the $80 per share price level. CoreLogic did not name the competing parties that submitted the expressions of interest, but sources familiar with the matter said they included Advent International Corp, Thoma Bravo LP and a consortium of Warburg Pincus LLC and GTCR LLC. All these private equity firms were in the process of signing or have signed confidentiality agreements to carry out due diligence on CoreLogic, according to the sources. Commercial property data vendor CoStar Group Inc CSGP.O has informed CoreLogic that it wants to participate in the sale process only after the Nov. 17 shareholder vote, one of the sources said. White the private equity firms would pay cash to buy CoreLogic, CoStar has indicated it would seek to use its stock as currency to pay for any deal, the source added. Advent, Thoma Bravo, Warburg Pincus, GTCR and CoStar did not immediately respond to a request for comment. Proxy advisers Institutional Shareholder Services and Glass Lewis have recommended that CoreLogic shareholders vote for a minority of Cannae and Senator's board nominees to ensure robust oversight of the company's sale process. CoreLogic said on Monday that its board directors had overseen deals with a combined value of more than $30 billion, and that they would be held to account by shareholders at the company's next annual meeting if the sale process was not comprehensive. CoreLogic, which last month posted record third-quarter earnings, added that Cannae and Senator's board nominees were not suited to oversee the sale process, given that the investment firms' bid undervalued the company. Cannae and Senator did not immediately respond to requests for comment. (Reporting by Greg Roumeliotis in New York; Editing by Stephen Coates) ((Greg.Roumeliotis@thomsonreuters.com; +1 646 223 6022; Reuters Messaging: greg.roumeliotis.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-11-10,88.361,90.588,88.16,88.613,
CSGP,2020-11-11,89.894,91.707,89.389,89.867,
CSGP,2020-11-12,89.712,90.571,87.732,90.136,
CSGP,2020-11-13,90.601,92.396,90.601,91.708,
CSGP,2020-11-16,91.876,92.429,91.064,91.556,
CSGP,2020-11-17,91.21,92.18,90.109,91.408,
CSGP,2020-11-18,91.09,91.152,88.318,88.552,
CSGP,2020-11-19,88.308,89.91,87.875,89.475,
CSGP,2020-11-20,89.445,90.14,89.081,89.206,
CSGP,2020-11-23,90.604,91.0,87.632,88.779,
CSGP,2020-11-24,89.286,89.406,86.873,86.991,
CSGP,2020-11-25,87.283,88.075,86.809,88.009,
CSGP,2020-11-27,87.577,89.04,87.1,88.438,
CSGP,2020-11-30,88.734,91.492,88.695,91.057,"U.S. FTC sues to block CoStar's proposed acquisition of RentPath WASHINGTON, Nov 30 (Reuters) - The U.S. Federal Trade Commission said on Monday it filed an administrative complaint and authorized a lawsuit in federal court to block CoStar Group's proposed $588 million acquisition of apartment listings competitor RentPath Holdings. (Reporting by Eric Beech; Editing by Tim Ahmann) ((eric.beech@thomsonreuters.com; 202-898-8322; Reuters Messaging: eric.beech.reuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-12-01,91.972,92.687,88.742,88.888,
CSGP,2020-12-02,89.31,89.446,86.363,86.873,
CSGP,2020-12-03,86.434,87.576,86.137,87.07,
CSGP,2020-12-04,87.21,89.681,87.21,89.323,
CSGP,2020-12-07,90.039,90.039,87.724,88.361,
CSGP,2020-12-08,88.202,89.477,87.005,87.254,
CSGP,2020-12-09,87.221,87.221,85.105,85.329,
CSGP,2020-12-10,84.734,85.748,84.022,84.839,
CSGP,2020-12-11,84.738,86.396,84.322,84.864,
CSGP,2020-12-14,85.0,86.077,84.595,85.32,
CSGP,2020-12-15,85.323,87.205,85.035,86.638,
CSGP,2020-12-16,86.802,87.804,85.801,86.089,
CSGP,2020-12-17,86.478,89.518,86.478,89.397,
CSGP,2020-12-18,90.447,91.823,89.47,90.47,"Can Zillow and Redfin Make Money Buying and Selling Houses? Tech-focused real estate companies, including Redfin (NASDAQ: RDFN) and Zillow (NASDAQ: ZG)(NASDAQ: Z) have been rapidly expanding their iBuying businesses. In other words, they aim to buy houses directly from homeowners, make some cosmetic repairs, and then resell the house at a profit. And they want to do it thousands of times each quarter. The problem is that nobody has figured out how to do this profitably at any sort of scale yet. In this Dec. 1 Fool Live video clip, two experts from our Millionacres real estate brand, Matt Frankel, CFP, and Deidre Woollard discuss why both of these real estate giants are laser-focused on figuring this business out. 10 stocks we like better than Redfin When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Redfin wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Matthew Frankel: They are all in, and it's like all or nothing. They're really rolling the dice on this and assuming that they're going to be able to figure out how to do it profitably. There were 6 million homes sold in the U.S. last year, so they don't need a giant profit margin or a giant market share to make a lot of money doing this, which is why they are all in on iBuying. A thousand-dollar profit margin and a 1% market share of the U.S. home-selling market would be billions of dollars in profit. They're not really focused on the rental market. Maybe they should be a little bit more. But for the time being, they really don't seem to be focused, because Zillow has deep pockets. They could acquire any of those rental apartment sites that they want to. Whether the deal will be blocked is another issue. Deidre Woollard: Well, yeah. Well, it's interesting that they haven't really done much with that. I think that there's a chance for them to do more with that. But Redfin only has 1% of the market right now, and they've made a whole business out of that. Frankel: Yeah. I mean, Redfin has nothing to worry about from CoStar (NASDAQ: CSGP). They're completely different area of real estate. They're disrupting the brokerage market, which, is an area that I've said for years, is begging to be disrupted. The 6% sales commission that when you're selling the house is still the industry standard, they are really undercutting that by a lot. Americans spend over $100 billion a year on real estate conditions, title insurance, origination fees. They're trying to take all that. It's like Jeff Bezos at Amazon (NASDAQ: AMZN) once said that your margin is my opportunity. That's Redfin mentality when it comes to the brokerage business. Redfin is a really interesting company that's also getting all in on high volume, by the way. Woollard: But they're more cautiously all in, I would say. Frankel: Yeah, you're right. The reason they're being cautious is because their core business is not mature yet. You said they only have about a 1% market share of a product that essentially sells itself. They're charging half the commission of the competition. They are really still focused on building that out. Like I said, their home-selling market is $2 trillion in volume. That is true on the high buying side and on the brokerage side -- they are still trying to build out the brokerage side. They're not like Zillow where their core business is really matured. They see limited growth potential ahead. They're not quite as all in. But there's very little overlap between what Redfin does and what CoStar does. Out of the two, I'd definitely say Redfin has a lot of less to worry about. Woollard: True. Although Redfin their traffic has gone up in recent months. They are very aware of the fact that their website and their are app-adds thing has become more important as a revenue driver than it was in the past. But yeah, their primary business is still brokerage, and as you said, they still haven't covered the whole country yet. They roll out market by market and they've been pretty cautious about that. They've rolled out iBuying more cautiously than Zillow or Opendoor (NYSE: IPOB) because I mean, they only have about 13 markets. Zillow and Opendoor each now have 24 to 25 each. They've been much more aggressive on that. Frankel: Yeah. Redfin is in, I think 13 markets at the end of third quarter. They're tip-toeing. One of these days, I actually want to just get a price that you can offer on my house just to see what it would be compared to what I can get on the open market. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Deidre Woollard owns shares of Amazon, Redfin, and Zillow Group (A shares). Matthew Frankel, CFP has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon, Redfin, Zillow Group (A shares), and Zillow Group (C shares). The Motley Fool owns shares of Social Capital Hedosophia Holdings II. The Motley Fool recommends CoStar Group and recommends the following options: long January 2022 $1920 calls on Amazon, short January 2022 $1940 calls on Amazon, and short February 2021 $40 puts on Redfin. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2020-12-21,88.946,92.446,88.055,91.586,
CSGP,2020-12-22,92.062,92.586,89.733,90.533,
CSGP,2020-12-23,90.175,92.008,90.175,90.775,
CSGP,2020-12-24,90.801,91.601,90.309,90.663,
CSGP,2020-12-28,91.523,95.118,91.102,93.95,
CSGP,2020-12-29,94.446,94.446,91.279,91.822,
CSGP,2020-12-30,91.952,92.756,90.622,92.496,
CSGP,2020-12-31,92.331,92.946,91.81,92.428,
CSGP,2021-01-04,93.219,93.676,89.101,89.526,
CSGP,2021-01-05,89.469,91.524,88.395,89.38,
CSGP,2021-01-06,89.55,91.708,89.152,89.67,
CSGP,2021-01-07,90.281,92.409,89.852,90.548,
CSGP,2021-01-08,91.137,92.448,90.685,91.952,
CSGP,2021-01-11,91.379,91.912,90.246,90.437,
CSGP,2021-01-12,90.228,90.836,88.217,88.229,
CSGP,2021-01-13,88.278,90.452,87.7,89.187,
CSGP,2021-01-14,89.147,89.961,86.595,86.828,
CSGP,2021-01-15,87.262,87.766,85.18,85.372,
CSGP,2021-01-19,85.985,87.782,85.124,87.197,
CSGP,2021-01-20,87.956,90.388,87.325,89.977,"Implied IYR Analyst Target Price: $93 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares U.S. Real Estate ETF (Symbol: IYR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $93.21 per unit. With IYR trading at a recent price near $84.36 per unit, that means that analysts see 10.49% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IYR's underlying holdings with notable upside to their analyst target prices are First Industrial Realty Trust Inc (Symbol: FR), Alexandria Real Estate Equities Inc (Symbol: ARE), and CoStar Group, Inc. (Symbol: CSGP). Although FR has traded at a recent price of $41.14/share, the average analyst target is 11.81% higher at $46.00/share. Similarly, ARE has 10.70% upside from the recent share price of $166.51 if the average analyst target price of $184.33/share is reached, and analysts on average are expecting CSGP to reach a target price of $963.67/share, which is 10.52% above the recent price of $871.97. Below is a twelve month price history chart comparing the stock performance of FR, ARE, and CSGP: Combined, FR, ARE, and CSGP represent 5.34% of the iShares U.S. Real Estate ETF. Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET iShares U.S. Real Estate ETF IYR $84.36 $93.21 10.49% First Industrial Realty Trust Inc FR $41.14 $46.00 11.81% Alexandria Real Estate Equities Inc ARE $166.51 $184.33 10.70% CoStar Group, Inc. CSGP $871.97 $963.67 10.52% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-01-21,90.5,91.5,89.404,91.196,
CSGP,2021-01-22,91.311,92.226,89.441,89.605,
CSGP,2021-01-25,90.197,91.065,88.231,90.926,
CSGP,2021-01-26,91.205,91.311,89.543,90.305,
CSGP,2021-01-27,89.302,90.172,87.797,88.971,
CSGP,2021-01-28,88.187,91.176,87.85,90.18,
CSGP,2021-01-29,89.064,90.904,88.75,89.971,
CSGP,2021-02-01,91.265,94.222,90.554,92.5,
CSGP,2021-02-02,93.588,93.66,89.756,92.041,
CSGP,2021-02-03,91.475,92.586,90.85,91.736,
CSGP,2021-02-04,93.0,95.276,91.255,91.941,"[""Stone Point Capital, Insight Partners to buy CoreLogic for $6 bln Adds details from statement, background Feb 4 (Reuters) - Real-estate data provider CoreLogic Inc CLGX.N said on Thursday that it would be acquired by private-equity firms Stone Point Capital and Insight Partners for about $6 billion in cash. The deal comes months after the company's rejection of an unsolicited $7 billion buyout offer from activist investors Senator Investment Group LP and Cannae Holdings Inc CNNE.N last year. Shares of the company rose 1% to $81.08, slightly above the offer price of $80. Rival CoStar Group Inc CSGP.O and a PE consortium led by Warburg Pincus and GTCR were also among the bidders, Reuters reported in October. (https://reut.rs/3tmRTRb) Stone Point Capital, headed by former Goldman Sachs banker Chuck Davis, invests primarily in the financial services sector, while Insight Partners' portfolio chiefly consists of software companies. Evercore was the financial adviser to CoreLogic, while JP Morgan Securities and Wells Fargo advised Stone Point Capital and Insight Partners on the deal. (Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi and Anil D'Silva) ((Niket.Nishant@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Stone Point Capital, Insight Partners to buy CoreLogic for $6 bln Feb 4 (Reuters) - Private equity firms Stone Point Capital and Insight Partners have agreed to buy CoreLogic Inc CLGX.N for about $6 billion, the property data and analytics company said on Thursday. Last year, the real estate data provider had rejected a $7 billion buyout deal from activist investors Senator Investment Group LP and Cannae Holdings Inc CNNE.N. Rival CoStar Group Inc CSGP.O and a private equity consortium led by Warburg Pincus and GTCR were also among the bidders seeking to acquire CoreLogic, Reuters reported in October last year. (https://reut.rs/3tmRTRb) Shareholders of CoreLogic will be offered $80 per share in cash, the company said. The price represents a discount of about 1% to the stock's last close. Evercore was the financial adviser to CoreLogic, while JP Morgan Securities and Wells Fargo advised Stone Point Capital and Insight Partners on the deal. (Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi) ((Niket.Nishant@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2021-02-05,92.247,92.51,90.422,90.818,
CSGP,2021-02-08,90.93,91.814,89.5,90.034,
CSGP,2021-02-09,89.891,91.425,89.884,90.588,
CSGP,2021-02-10,91.773,92.517,90.412,92.499,
CSGP,2021-02-11,92.838,93.06,91.872,92.489,
CSGP,2021-02-12,92.883,93.982,91.426,93.976,
CSGP,2021-02-16,88.974,90.546,87.823,90.037,"[""Breakingviews - Capital Calls: Strategic bidders get chippy Reuters Reuters NEW YORK (Reuters Breakingviews) - Concise insights on global finance in the Covid-19 era. ------------------------------------------------- PROPERTY WARS. Beware stock deals when prices are high. On Tuesday property data vendor CoStar made a $6.9 billion stock offer for CoreLogic, a smaller rival after CoreLogic agreed to an all cash-offer from LBO shops earlier this month. The offer is 20% more than the previous deal, though CoStar doesn\u2019t like how its affections were received. CoStar said it made multiple proposals for CoreLogic, noting it was \u201csurprised\u201d by the previously agreed transaction. Yet CoStar\u2019s offer comes with baggage. While it expects synergies as high as $250 million a year, their net present value fails to cover the premium by some $1 billion. Sure, they\u2019d be equal to 40% of CoreLogic\u2019s 2021 estimated EBITDA, and CoStar trades at a rich multiple. But sellers assume the risk for a successful merger in a stock deal. With animal spirits running high and equity values at record highs, cash is king. (By Lauren Silva Laughlin) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Technology Sector Update for 02/16/2021: PLTR, BKI, CLGX, CSGP, XLK, SOXX Technology stocks were gaining in Tuesday's pre-bell trading. The Technology Select Sector SPDR ETF (XLK) was 0.30% higher and the Semiconductor Sector Index Fund (SOXX) was recently climbing past 1%. Palantir Technologies (PLTR) was slipping by more than 5% even as it posted a narrower Q4 net loss of $0.08 per share, compared with a loss of $0.29 per share a year ago. Analysts polled by Capital IQ projected a loss of $0.14 per share. Black Knight (BKI) was up over 1% after it reported adjusted earnings of $0.60 per share in Q4, up from adjusted earnings of $0.54 per share a year earlier. The average forecast from analysts surveyed by Capital IQ was for adjusted earnings of $0.55 per share. CoStar Group (CSGP) has made an all-stock offer to acquire CoreLogic (CLGX) in a deal that it says represents a 20% improvement to the value of CoreLogic's pending deal with Stone Point Capital and Insight Partners. Under the terms of the proposal, CoreLogic shareholders would receive 0.1019 CoStar common shares in exchange for each CoreLogic common share. CoreLogic was gaining over 5% in value recently. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Offers To Buy CoreLogic For $95.76/shr (RTTNews) - CoStar Group Inc. (CSGP) said that it has made superior proposal to buy CoreLogic (CLGX) for $95.76 per share. The offer represents an equity value of about $6.9 billion and a premium of 74% to CoreLogic's unaffected share price on June 25, 2020. As per the terms of the proposal, CoreLogic shareholders would receive 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of about $95.76 per share based on CoStar Group's closing share price on February 12, 2021. CoStar said its proposal represents 16.2% pro forma diluted ownership for CoreLogic shareholders in the combined entity, and a $15.76 per share improvement to the value of CoreLogic's pending transaction as of February 12, 2021. Earlier this month, CoreLogic said it agreed to be acquired by Stone Point Capital and Insight Partners for $80 per share in cash, representing an equity value of about $6.0 billion. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar makes $6.9 bln offer to buy CoreLogic Feb 16 (Reuters) - Commercial property data vendor CoStar Group Inc CSGP.O said on Tuesday it has offered to buy real-estate data provider CoreLogic Inc CLGX.N for about $6.9 billion in an all-stock deal. CoStar offered 0.1019 shares of its common stock in exchange for each share of CoreLogic, representing a value of about $95.76 per share. (Reporting by Ayanti Bera in Bengaluru; Editing by Aditya Soni) ((Ayanti.Bera@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoreLogic's stock rallies after CoStar makes unsolicited competing buyout bid Shares of CoreLogic Inc. rallied 6.1% into record territory in premarket trading Tuesday, after CoStar Group Inc. proposed an unsolicited all-stock buyout bid for the real estate data provider that was valued 20% above the $80-per-share buyout bid CoreLogic already agreed to with Stone Point Capital and Insight Partners on Feb. 4. Under terms of CoStar's bid, each CoreLogic shareholder would receive 0.1019 CoStar shares for each CoreLogic share they own, which based on Friday's closing prices would value CoreLogic stock at $95.76, or a 16.8% premium. CoStar shares dropped 6.4% ahead of the open, meaning the implied buyout bid would fall to $89.76. Meanwhile, the deal CoreLogic had already agreed on was all cash. CoStar said that it was \""stunned\"" to read about the buyout deal with CoreLogic and Stone Point Capital, given the \""substantial engagement\"" it had with CoreLogic since December. CoStar said CoreLogic's deal with Insight and Stone Point does not maximize shareholder value, and the fact that CoreLogic's stock was trading above the agreed upon deal price of $80-per-share \""is a clear indication that the shareholders agree with us.\"" CoreLogic's stock has gained 4.9% over the past three months through Friday, while CoStar shares have edged up 2.6% and the S&P 500 has advanced 8.5%.""]"
CSGP,2021-02-17,88.125,91.108,87.093,91.075,
CSGP,2021-02-18,90.667,92.427,90.26,91.983,
CSGP,2021-02-19,92.561,92.992,90.555,91.325,
CSGP,2021-02-22,90.897,90.897,87.133,87.667,
CSGP,2021-02-23,86.997,88.083,84.636,86.698,"[""CoStar Group, Inc. Q4 adjusted earnings Beat Estimates (RTTNews) - CoStar Group, Inc. (CSGP) revealed earnings for fourth quarter that decreased from last year. The company's profit came in at $35.79 million, or $0.91 per share. This compares with $87.93 million, or $2.39 per share, in last year's fourth quarter. Excluding items, CoStar Group, Inc. reported adjusted earnings of $112.34 million or $2.85 per share for the period. Analysts had expected the company to earn $2.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 18.6% to $444.39 million from $374.73 million last year. CoStar Group, Inc. earnings at a glance: -Earnings (Q4): $112.34 Mln. vs. $103.41 Mln. last year. -EPS (Q4): $2.85 vs. $2.82 last year. -Analysts Estimate: $2.41 -Revenue (Q4): $444.39 Mln vs. $374.73 Mln last year. -Guidance: Next quarter EPS guidance: $2.33 - $2.43 Next quarter revenue guidance: $450 - $455 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""After-Hours Earnings Report for February 23, 2021 : INTU, SQ, ALC, CSGP, VRSK, PXD, PODD, MASI, AGR, EQH, PPD, PEN The following companies are expected to report earnings after hours on 02/23/2021. Visit our Earnings Calendar for a full list of expected earnings releases. Intuit Inc. (INTU) is reporting for the quarter ending January 31, 2021. The computer software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.13. This value represents a 86.02% decrease compared to the same quarter last year. In the past year INTU has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 1425%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for INTU is 66.26 vs. an industry ratio of -0.50, implying that they will have a higher earnings growth than their competitors in the same industry. Square, Inc. (SQ) is reporting for the quarter ending December 31, 2020. The internet software company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.01. This value represents a 85.71% decrease compared to the same quarter last year. SQ missed the consensus earnings per share in the 1st calendar quarter of 2020 by -375%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for SQ is -5361.60 vs. an industry ratio of -191.20. Alcon Inc. (ALC) is reporting for the quarter ending December 31, 2020. The medical instruments company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.41. This value represents a 8.89% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2020 Price to Earnings ratio for ALC is 68.15 vs. an industry ratio of -2.10, implying that they will have a higher earnings growth than their competitors in the same industry. CoStar Group, Inc. (CSGP) is reporting for the quarter ending December 31, 2020. The information technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.16. This value represents a 15.29% decrease compared to the same quarter last year. In the past year CSGP has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 7.78%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for CSGP is 104.49 vs. an industry ratio of 43.80, implying that they will have a higher earnings growth than their competitors in the same industry. Verisk Analytics, Inc. (VRSK) is reporting for the quarter ending December 31, 2020. The business info service company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.31. This value represents a 15.93% increase compared to the same quarter last year. In the past year VRSK has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 9.09%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for VRSK is 36.59 vs. an industry ratio of 34.00, implying that they will have a higher earnings growth than their competitors in the same industry. Pioneer Natural Resources Company (PXD) is reporting for the quarter ending December 31, 2020. The oil (us exp & production) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.66. This value represents a 72.03% decrease compared to the same quarter last year. PXD missed the consensus earnings per share in the 3rd calendar quarter of 2020 by -5.56%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for PXD is 84.53 vs. an industry ratio of 27.10, implying that they will have a higher earnings growth than their competitors in the same industry. Insulet Corporation (PODD) is reporting for the quarter ending December 31, 2020. The medical products company's consensus earnings per share forecast from the 11 analysts that follow the stock is $-0.06. This value represents a 175.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2020 Price to Earnings ratio for PODD is 801.59 vs. an industry ratio of 58.10, implying that they will have a higher earnings growth than their competitors in the same industry. Masimo Corporation (MASI) is reporting for the quarter ending December 31, 2020. The medical instruments company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.87. This value represents a 4.40% decrease compared to the same quarter last year. In the past year MASI has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 42.86%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for MASI is 71.64 vs. an industry ratio of -2.10, implying that they will have a higher earnings growth than their competitors in the same industry. Avangrid, Inc. (AGR) is reporting for the quarter ending December 31, 2020. The electric power utilities company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.56. This value represents a 24.32% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2020 Price to Earnings ratio for AGR is 22.57 vs. an industry ratio of 18.50, implying that they will have a higher earnings growth than their competitors in the same industry. Equitable Holdings, Inc. (EQH) is reporting for the quarter ending December 31, 2020. The financial services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.18. This value represents a 13.87% decrease compared to the same quarter last year. EQH missed the consensus earnings per share in the 1st calendar quarter of 2020 by -5.26%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for EQH is 6.51 vs. an industry ratio of 19.70. PPD, Inc. (PPD) is reporting for the quarter ending December 31, 2020. The medical services company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.34. This value represents a 6.25% increase compared to the same quarter last year. PPD missed the consensus earnings per share in the 2nd calendar quarter of 2020 by -127.27%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for PPD is 33.56 vs. an industry ratio of 18.40, implying that they will have a higher earnings growth than their competitors in the same industry. Penumbra, Inc. (PEN) is reporting for the quarter ending December 31, 2020. The medical instruments company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.08. This value represents a 136.36% decrease compared to the same quarter last year. PEN missed the consensus earnings per share in the 1st calendar quarter of 2020 by -100%. Zacks Investment Research reports that the 2020 Price to Earnings ratio for PEN is -848.58 vs. an industry ratio of -2.10. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2021-02-24,85.0,87.145,82.8,83.623,"CoStar Group, Inc. (CSGP) Q4 2020 Earnings Call Transcript Image source: The Motley Fool. CoStar Group, Inc. (NASDAQ: CSGP) Q4 2020 Earnings Call Feb 23, 2021, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Ladies and gentlemen, thank you for standing by and welcome to the CoStar Full Year and Fourth Quarter 2020 Group Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to turn the call over to your speaker today, Mr. Bill Warmington. Please go ahead, sir. 10 stocks we like better than CoStar Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Bill Warmington -- Investor Relations Thank you, Angela. Good evening and thank you all for joining us to discuss the fourth quarter and year-end 2020 results of the CoStar Group. Before I turn the call over to Andy Florance, CoStar's CEO and Founder, and Scott Wheeler, our CFO, I would like to review our Safe Harbor statement. Certain portions of the discussion today may contain forward-looking statements, including the Company's outlook and expectations for the first quarter and full year 2021. Forward-looking statements involve many risks, uncertainties, assumptions, estimates, and other factors that can cause actual results to differ materially from such statements. Important factors that can cause actual results to differ include, but are not limited to those stated in CoStar's press release issued earlier today and in our filings with the SEC including our most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q, under the heading Risk Factors. All forward-looking statements are based on information available to CoStar on the date of this call. CoStar assumes no obligation to update these statements, whether as a result of new information, future events or otherwise. Reconciliation to the most directly comparable GAAP measures of the non-GAAP financial measures discussed on this call, including EBITDA, adjusted EBITDA, non-GAAP net income and forward-looking non-GAAP guidance are shown in detail in our press release issued today, along with definitions for those terms. The press release is available on our website located at costargroup.com under Press Room. As a reminder, today's conference call is being webcast and the link is also available on our website under Investors. Please refer to today's press release on how to access the replay of this call. And with that, I would like to turn the call over to our Founder and CEO, Andy Florance. Andy Florance -- Founder & Chief Executive Officer Thank you. Well done. Bill, you really did that preamble beautifully. And I have to say I'm reflecting that in your career you've probably listened to easily 10,000 earning calls and now you're actually reading the preamble. So hang in there, this is a big day for you. Okay. Well, good evening everyone else, and thank you for joining us for CoStar Group's fourth quarter and full year 2020earnings call And I just assume all of you are as excited as I am to be here tonight. So, welcome. Total revenues for the full year 2020 were $1.66 billion which is a 19% year-over-year growth rate, and $9 million ahead of the top end of our guidance range given in late October. Quarterly sales bookings were a solid $49 million, with second half bookings rebounding 24% versus the first half of 2020. Our profit performance was equally strong, delivering full-year 2020 adjusted EBITDA of $553 million, an increase of 9% year-over-year and $23 million above the high end of our guidance given in October. What I believe is even more impressive, despite the severe disruption of our customers and our teams caused by the pandemic in March is that our financial results are either in line with or exceed the initial full-year guidance forecast we provided in February of last year. CoStar Group is absolutely a resilient business. In addition to the strong financial performance of our businesses in 2020, over the course of the year we raised $1.7 billion in equity and launched our initial $1 billion bond offering with an investment grade credit rating. Our marketplace businesses, particularly Apartments.com network hit record highs across all of our metrics. We also closed 3 important acquisitions in 2020, Ten-X, Emporis and Homesnap. Ten-X positions us with nearly perfectly counter cyclical business and an opportunity to leverage digital marketplaces into greater commercial real estate liquidity. Emporis extends our reach with content on hundreds of thousands of properties around the world. With the addition of Homesnap in December, we expand our addressable market beyond commercial real estate into residential. Overall, 2020 was clearly a transformative year and as we look ahead to 2021, our strong balance sheet and acquisition track record position us to successfully pursue multiple large growth opportunities through organic investment and M&A. Before we get further into our results, I want to briefly address where we stand with our recently announced offer to acquire CoreLogic. One week ago today, we delivered a letter to the Board of Directors of CoreLogic setting forth the terms of a superior proposal to acquire CoreLogic. Under the terms of the proposal, CoreLogic shareholders would receive 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of approximately $95.76 per share based on CoStar Group's closing share price on February 12, 2021. And as I describe the CoreLogic offer, I'll be using that closing share price and all the share prices relative to that day. The CoStar proposal implies pro forma diluted ownership of approximately 16.2% in the combined entity for current CoreLogic stockholders. CoStar Group's offer is clearly superior to offer to the CoreLogic shareholders in immediate value. Our all-stock merger with CoreLogic improves the value of their pending transaction with Stone Point 20% based on the date of the offer. More importantly, we believe that with hundreds of millions of dollars of identified synergies, which I will discuss in a bit more detail, the implied ownership of our proposal provides substantial value upside, which we believe would deliver value in excess of $105 of per share to CoreLogic stockholders over time. CoStar's Group stock is a solid currency and has performed exceptionally well through the decades, driven by solid fundamentals, such as our compound annual revenue growth of 21% over the past 20 years, similarly, 21% over the last 10 years and 19% over the last 5 years. With consistent growth and a huge addressable market, CoStar Group's share price has appreciated 496% over the past 5 years, 1491% over the past 10 years, 3640% over the past 20 years and 10,342% since our IPO. CoStar stock has consistently proven equally as valuable as cash. In addition to our all-stock offer, we plan to invest approximately $2 billion to pay down CoreLogic's existing debt and another $500 million to $1 billion to unlock the value of the company's assets. We believe the combination will create long-term growth opportunities that will help support double-digit revenue growth for the combined company for many years to come. This combination would triple CoStar Group's total addressable market by combining the global leader in digitizing commercial property with a global leader in digitizing residential real estate We estimated that globally, commercial properties have an aggregate value of $66 trillion and residential properties have an aggregate value of $114 trillion. Combined, these companies will be very well positioned for growth, meeting the information analysis and marketing needs of the $180 trillion global real estate industry. The global value of real estate is twice the value of all public companies combined. We believe that we can significantly accelerate CoreLogic's organic growth rate. CoStar Group has a well-established track record of acquiring slow growth companies constrained with single digit organic growth rates and have managed them to become fast growth companies with double-digit organic growth rates. In the three years prior to CoStar Group acquiring LoopNet revenues on average were negative 2.3% a year. In the past 2 years, LoopNet has grown almost 20% a year, and already we have grown LoopNet's revenue more than fourfold since acquisition. In the three years prior to acquiring Apartments.com, revenue grew at 7.7% a year on average. In the past 3 years, Apartments.com has grown almost 30% a year on average. Already we have grown Apartments.com's revenue by more than 6.5 times. We believe that with product enhancements, new products, more direct selling, cross-selling, selling to new audiences and segments and integrated product offerings, this is a similar opportunity to significantly increase CoreLogic's organic growth rate. CoStar Group is the perfect strategic partner for CoreLogic, and together we can drive transformative innovation. CoStar Group provides commercial real estate solutions and CoreLogic provides distinct residential real estate solutions to brokerage firms, and real estate agents, banks, lenders local, state and federal agencies, property owners, developers, investors, appraisers and firms selling solutions to the people and companies that use real estate. A very large percentage of these organizations have an interest in both residential and commercial but today have to purchase different solutions from CoStar Group and CoreLogic to meet their complete real estate needs. Using the spirit point solutions [Phonetic] is inconvenient and reduces the value of the respective offerings. This is a strategic acquisition that will provide our combined clients with integrated solutions across all the relevant real estate sectors. The combined company expects to eliminate the artificial difference between commercial and residential real estate digital solutions. We believe that these integrated solutions will create massive cross-selling opportunities significantly increasing product uptake, sales and hundreds of millions in revenue synergies. CoreLogic has approximately 150 professionals in its sales organization and CoStar Group has 1,060 I'm sorry. There is 1,060 in CoStar Group, 150 in CoreLogic. In combination, when you put these companies together, we have the resources necessary to realize the potential cross-selling opportunity. We believe that many of the solutions CoStar Group so successfully offers today, which are only delivered to commercial real estate, can be extended into residential real estate. Marketplaces like Apartments.com and LoopNet are just 2 examples of these sorts of opportunities. Conversely, many of the products CoreLogic only offers to residential audiences today could also be offered to commercial real estate audiences. Property tax solutions, appraisal management, [indecipherable] day of solutions and building cost data are just a few are good examples of these sorts of opportunities. We believe that by leveraging existing technology assets into new segments of real estate, the combined company can create additional significant new cross-selling revenue synergies. Further, we believe that we can achieve all these synergies, while significantly reducing the volatility of CoreLogic's revenue, which has historically experienced exposure to market cycles. Much of CoreLogic's revenues are reoccurring, but that's very different from being subscription revenue. Reoccurring revenue is volatile, while subscription revenue is much less so and has greater visibility, which allows CFOs to sleep better at night. CoStar Group has a track record of acquiring businesses with seasonal or cyclical revenue variances associated with reoccurring revenue and converting these businesses to predictable and stable subscription revenue. 80% of CoStar's revenue is subscription based, up from 67% 5 years ago. LoopNet, Apartments.com, ForRent, Apartment Finder were all businesses with only reoccurring revenue. In aggregate, we have now converted the vast majority of the revenue in those products to predictable subscription revenue. We sell our information services to banks for commercial loans, origination and surveillance on a subscription basis, while CoreLogic sells an on-demand basis or on a reoccurring revenue basis. We believe there is a clear opportunity to convert that revenue and other CoreLogic revenue into more predictable subscription revenue. Since CoStar Group and CoreLogic's serve very different industry segments with cycles that are generally not correlated, combining the companies will further diversify the revenue sources and create a more stable combined revenue stream. In addition to these attractive growth in revenue synergies, there are significant cost synergies in this combination, because there are probably hundreds of millions of dollars in duplicative costs. CoStar Group provides commercial real estate solutions and CoreLogic provides residential solutions. And while the solutions that CoStar Group and CoreLogic provide are completely different, both companies invest heavily in very similar underlying technology processes that collect and create real estate information including property data photographs, drone imagery, maps, aerials, market analytics and analytic models. The basic technology required to search for listings and display data and photos in a map are the same, whether the properties office buildings for houses for sale. CoStar Group and CoreLogic combined will have nearly 10,000 personnel software developers, researchers and photographers all collecting similarly structured distinct but related real estate content. In combination, there's vast potential to duplicate processes and achieve significant cost synergies. Considering both, revenue growth and cost synergies, a combination of existing CoStar business with CoreLogic would result in $150 million to $250 million annual run rate EBITDA synergies. These synergies alone are worth over several billion dollars of value for our stockholders. Throughout this process, CoreLogic's Advisors, our advisors, analysts' reports and major CoreLogic shareholders who've done the analysis, have agreed that there is little antitrust risk in this combination. CoStar Group provides commercial property listings and analytics to commercial real estate brokers and owners, and Internet marketplaces for lead generation for commercial properties for lease and sale. CoreLogic on the other hand aggregates publicly available property tax assessment data, publicly reported sales and mortgage transactions to provide various solutions needed in residential real estate. In addition, CoreLogic provides multiple listing services and the software and hosting services they need to manage residential listings. Our respective companies are in completely different markets. CoStar and CoreLogic do not compete with one another in any way. No client or prospect ever chooses between buying a CoreLogic solution versus buying a CoStar Group solution. They cannot because our products are completely different. Given the presence of multiple providers of the publicly available data CoreLogic resells, there are simply no meaningful antitrust concerns in our view. We believe that our February 16th proposal to CoreLogic would provide great value to the stockholders of both companies. We are very excited and we believe that the staff of both companies are very excited to have the opportunity to unlock the amazing possibilities this potential combination could create. The next step involves CoreLogic's Board making the determination that CoStar's offer is the superior offer. After that, Stone Point, I believe we'll have the opportunity to improve their offer. We sincerely hope we can move forward without delay. As I am confident that we could complete a deal rapidly, and we expect the transaction could close within 4 to 12 months. At the end of this call, we look forward to taking your questions on our results that we're announcing today, but we will not be taking any questions on CoreLogic, the offer or the possible transaction. I hope you can understand that the process we're engaged at this point is very sensitive. An open Q&A is not appropriate at this time in this forum. Thank you for your understanding on that. Now let's get on to the rest of ourearnings call Despite all the dislocation and anguish of the pandemic, 2020 was a record year for our marketplaces and especially for Apartments.com. People need a home in a pandemic more than ever. Virtual shopping on Apartments.com provide a safe alternative to touring apartments in person. More renters than ever are looking for a new apartment and more research is taking place from home, with renters taking advantage of the innovative virtual search tools available on Apartments.com and our network of websites. Renters took a breath-taking 170 million virtual tours on our site in 2020, twice as many as the year before. As you're aware, Apartments.com has turned in strong performance several years in a row. And in 2020, we significantly increased our marketing spend to a record $221 million, up 44% versus 2019. We'll not be increasing it again this year, in fact, it's down a touch. The increased spend was clearly exceptionally effective, resulting in record site traffic of 1 billion network visits according to Google Analytics, a 20% year-on-year. This extraordinary milestone reflects the Company's unmatched growth in investment garnering over 160 million more visits than last year, strengthening our position as the nation's leading network with more visitors than all other competitors. In total, visits to Apartments.com viewed nearly 10 billion property pages in 2020. When we look at the comp score stats, which allow us to compare against peers, the Apartments.com network had annual site traffic growth of 17%. In comparison, RentPath grew its total network site visits by 9%. I've heard others quote stronger growth, but those must be internal numbers, let's say, because we are not able to collaborate them externally. For Apartments.com, our record traffic translated to record annual net new sales that was up 35% versus 2019, and a full-year record 2020 revenue of $599 million, a gain of 22% year-on-year and in addition of $120 million on a Q4 run rate basis. And we expand the number of advertising properties by 10% year-over-year, adding over 5,000 new advertisers. Clearly, all of our initiatives are paying off from our expanded sales force of the mid-market to our efforts to better serve the independent owner market. Just one year after launching our online rental tools, Apartments.com is processing nearly $18 million in monthly new rental payments and over $355 million in monthly rent in combination with our cozy platform rental payments, which we are migrating into Apartments.com in the near future. That is $5.4 billion in annual rent payments now which is a great start to build from in the years ahead. We were disappointed that we were not able to close our proposed acquisition of RentPath, but believe our time and money was ultimately very well spent in the process. We and RentPath recognize going into the proposed acquisition that antitrust hurdle could be significant since we were clearly competitors. The fact the RentPath was bankrupt made the failing firm defense a possible viable path. The inflection point for us came down to our learning of a non-public rumor that a household name Internet giant shared their plans to launch a marketing solution that would be more directly competitive with both us and RentPath. While the giant intended to partner with us, they would clearly provide a potential competitive alternative. We felt in the face of the giant entering this space, it was unlikely that the FCC would find that RentPath stand-alone represented any material or significant competitive impact, hence we felt the deal was likely to clear. However, during the process, the giant drew significant antitrust scrutiny of their own. And we have reason to believe that in conversations with the government, the giant pledged not to enter our space. As a result, three things happened. One, the giant did not enter our space, which is really good news. Secondly, the antitrust analysis and acquisition of RentPath shifted out of our favor which was bad news. Third, in the FCC's opinion, they stated that their investigation concluded that Zillow was not an effective competitor to Apartments.com which we enjoyed. So as a reward for the nearly a year we spent on RentPaths, we had four of the five best-selling quarters in the history of Apartments.com. Sold an all-time high of $37.5 million of new sales in the second quarter of 2020, and added over 5,000 new advertisers to our platform to the year-end at 57,828. And had over one-third of the properties that began the year advertising exclusively on RentPath decide to switch their marketing to Apartments.com. So I think you'll agree that all-in-all, including with the break fee, it was not such a bad outcome for the process. CoStar Suite, enjoyed a strong finish to the year, recovering nicely after a brief pause earlier this year when we entered the pandemic. From a low base in Q2, CoStar Suite has doubled its net new sales for the second quarter in a row, demonstrating the resilience and mission critical nature of the product. A number of important CoStar price enhancements we invested in during 2020 are coming to fruition, and we're just now beginning to roll out some ground-breaking new functionalities. We just launched the integration of a wealth of commercial mortgage-backed security CMBS information into CoStar. This continually late updated CMBS information provides valuable insights into more than $1 trillion of outstanding commercial loans made to 100,000 commercial properties. This adds very valuable information on 90,000 of some of the largest commercial leases or tenants. It enables our customers to gain additional visibility into lease expirations and actual rental rates. Clients can use this information to attract new clients and influence their pricing or leasing decisions. The new information also prevents regularly updated detailed building operating cost statements on 40,000 large properties. This information is very valuable to investors, tenants, brokers and developers who need to understand what like operating costs might be in a new property or as a performance cost comparison for properties they already own, lease or manage. Another important new value we're now bringing to our clients is new visibility into the distress in thousands of properties. This visibility gives brokers, investors and even our own Ten-X sales people insights into who may be pushed into the vesting of property soon or who may not have the ability to fund necessary tenant improvements or who might be able to pay leasing commissions in deal. This information is enhanced by the high frequency market data CoStar provides on new leases and vacancies that are leading indicators as to whether or not the credit on certain loans is improving or deteriorating. This newly integrated CMBS data gives our lender and mortgage banking clients' great data on maturing loans revealing opportunities for them to originate new loans. All this information adds additional value to our market economic analysis tools. With future releases, clients available to monitor over time geography and property type, overall new origination trends, default trends, expense trends, rental rate trends and a lot more. I'd like to give a big shout out to John Vecchione and his team for the great work they've done here. Another 2020 development initiative has been to integrate the STR data into CoStar Suite. We've moved very quickly on that acquisition. Before I describe that, let me just say that in the year which has brought the hospitality industry to a complete standstill, the performance of STR has been nothing sort of short of miraculous. Client retention was 97%, and the subscription revenue in Q4 actually grew 5% year-over-year. Despite hotels seeing occupancy rates fall about 80% during the dark days of the first half of 2020. So again STR, like the rest of CoStar Group, is resilient and appears to be almost countercyclical but certainly downwardly resistant. In the first quarter of 2021, we'll be launching in the hospitality data embedded into CoStar Suite, which we believe will be a significant interest to the 4,000 customers and 11,000 prospects we have that are exposed to the hospitality industry. Combined the CMBS tool with best year data also creates a powerful tool for distressed assets, so the timing of our product launches is ideal. Our significant product enhancements include 250 new hospitality-specific fields such as occupancy, average daily rate and RevPAR, 90,000 new and enhanced hospitality property records, 50,000 new hotel sales comps enhanced with relevant data including brand, parent company and operator, and 22,000 new architectural quality hotel photos. The most valuable aspect of this integration of unique high frequency STR fully anonymized hospitality performance benchmarking data is the trend in market analysis value we'll bring to our clients. For the first time anywhere ever, our clients will be able to see aggregated hospitality performance by geography and profit class through time. This daily reliable trend information on occupancy and occupancy and rental rates and all that stuff s super valuable to investors, lenders and operators who need to understand the risks and opportunities in these asset classes. There will be another major STR upgrade integration to CoStar later this year that will allow our benchmarking clients to access their information in CoStar in a dramatically more powerful and valuable way. We think that our new hospitality clients will value seeing their performance in a much broader context of a wealth of hotel inventory sales, comps, market analysis and forecasts. And also, the new product will have portfolio level analysis for our clients. I feel our STR team is doing some very inspired work in this area and I'm confident that our STR clients will feel that we have delivered beyond expectations on our promise to enhance the STR technology platforms. Finally, an update on the launch of our international product. Later this quarter, we expect to launch a new international [indecipherable] multi-currency and imperial metric version of CoStar. We plan to open up the commercial real estate information our clients see from being domestic only to international. A client who has to now has only seen London data, will now look to CoStar and news, information and analytics in the US, Canada, Europe and the rest of the world. Much of institutional capital flow in commercial real estate is cross border. In fact, the majority of it. But till now, the information systems have been largely local. We think this change to our product will have a profound impact long-term on the value we can deliver to investors, tenants and brokers that work across borders. As the pandemic travel restrictions ease in the future, we intend to initially further expand the breadth of information we provide on 15 additional European markets. The integration of the global Emporis data is going very well, with 195,000 properties now loaded into CoStar Suite. The international data sets and a number of our enhanced features are only available to our CoStar Suite customers and are not available to those customers that only subscribe to our CoStar comps, tenant and property modules. Over the course of the next 12 to 18 months, we're going to focus intently on reaching out to the thousands of firms that only subscribe to a subset of the CoStar product and upsell them to the full capabilities of the full CoStar Suite product. We believe this upsell effort will be a significant revenue accelerator for CoStar. Ultimately, because we can provide our clients more value more cost effectively by only producing the one Suite product, we intend to sunset selling the individual modules of CoStar. All of these new features and future releases we're currently working on give tens of thousands of perspective CoStar clients one more reason why they really should subscribe to CoStar. Strong Q4 performance capped a breakout year for LoopNet that demonstrated the business' growing traction in counter cyclical characteristics. I believe the single most effective way to market commercial real estate today is online using the LoopNet marketplace and its massive audience of millions of engaged tenants and investors. In 2020, we saw strong growth across all levels of our LoopNet advertising solutions. We have achieved strong success and high penetration with our standard advertising levels and we are increasingly focused on driving revenue by selling differentiated as to our clients that deliver more reach, frequency and branding benefit than our standard ad levels. On average, our top level, a Diamond ad, receives 170 times more exposure than does a standard ad. In addition, it receives nearly twice the frequency or repeat exposure of a standard listing. With our new investments in retargeting, we identify the most engaged prospects viewing Diamond ads and we on average achieve a remarkable repeat frequency with them of 172 times of the monthly basis. That's excellent marketing saturation for our clients. Our top-tier ads Diamonds, Platinums and Golds provide unrivalled benefits such as professional photo shoots, 3D virtual tours, drone photography and individualized retargeting. Revenue for our higher tier Diamond, Platinum and Gold advertising products grew 48% from $24 million in 2019 to $36 million in 2020, and net sales bookings of higher to your advertising levels doubled. In comparison, premium listers which are bundles of Silver ads, the basic level or standard level, which are our original advertising option grew 17% year-over-year from $120 million in 2019 to $140 million in 2020. Property owners saw increasing value in our higher tier advertising solutions, with Q4 average revenue per listings up 94% from $481 to $936 per month per ad with some of them moving into $5000, $6000, $7000 a month. Overall, LoopNet marketplace revenue grew 20% year-over-year in 4Q. Traffic showed strong growth with 37% year-over-year growth in monthly unique visitors, reaching a record average of approximately 8.9 million unique monthly visitors. We believe that the evidence shows that we're picking up speed with our LoopNet strategy and the total addressable market is in the billions of dollars. We can interpolate revenue results on a relative GDP basis from a similar marketplace to LoopNet based in Australia and see clear evidence of a multi-billion dollar TAM opportunity. The current commercial real estate market economics are also ideal for LoopNet. The sharply rising availabilities across almost every US market, there is more demand than normal for advertising solutions to generate prospects to help owners and brokers convert their vacancies back into revenue. When we accelerated our marketing investment to Apartments.com-based on its outperformance, we believe that we are able to look back and demonstrate a very attractive ROI on that investment. Because we believe we have a similar excellent investment opportunity to invest in LoopNet growth, we intend to significantly increase our sales force headcount, SEM investment, digital and broad-based media investments going into 2021. As we've discussed previously, we're building a dedicated LoopNet sales force alongside our CoStar sales team. In Q4, we added 40 new dedicated LoopNet salespeople. These new dedicated reps in the CoStar Suite sales force continue to aggressively market and sell LoopNet products. To complement our investments in product and sales, this year we're increasing our marketing program for LoopNet targeting all of our constituent networks, property owners, brokers, tenants and investors. We're launching our first media campaign this quarter across digital channels. This Are You in the Loop campaign, which launches this week, is focused on elevating the LoopNet brand to brokers, owners across digital channels, specifically in larger metropolitan areas. These marketing efforts will supplement our growing sales force by increasing both awareness and our best-in-class marketing solutions. We plan to release a broader media campaign a little bit later this spring announcing LoopNet as the Place for All Spaces. This campaign will be broadcast across TV and other broad based media outlets in an effort to generate mainstream awareness of the LoopNet brand. By reaching tenants and investors and becoming a more colloquial brand, LoopNet plans to replicate some of the successes Apartments.com has seen over the past few years. In addition, we continue to intelligently invest in search engine marketing for relevant keywords. LoopNet already enjoys a considerable advantage for both organic and paid search rankings. I'm proud to say that LoopNet now ranks number 1 for 125,000 relevant commercial keywords on Google, and our SEM spend is supporting that, winning a fourfold increase in investment since 2019. We will combine investments in SEM, and with retargeting programs for increased reach and frequency, LoopNet's retargeting strategy taps into our extensive database of broker, owner, investor, tenant contacts and matches it with hyper relevant property ads that match their search criteria increasing the reach of our property ads and placing our ads across the web on high quality sites including [indecipherable] Yahoo, Business Now, etcetera, etcetera. We also take into account unique data regarding which market tenants tend to relocate to or from to ensure we match them with the properties that have a higher likelihood that they're going to lease into. Keep in mind, these investments made in LoopNet also will benefit Ten-X given the cross-pollination of traffic between those sister properties. And we view this rising tide as lifting both of these sites. Our LoopNet marketing investment in the first half of 2020 was $10 million, and we expect that investment to triple to $31 million in the first half of 2021. Overall, our LoopNet marketing investment is expected to be around $66 million for the year, which is double the $32 million invested in 2020. While we're still in the early stages, we're excited about the progress we're seeing at LoopNet and think this is the time to increase investment in sales and marketing to help accelerate the conversion of that TAM into CoStar revenue. And we're nearing the end my brief remarks, just about 20 minutes to go. I'm very happy with the initial results we're seeing as we combine the strengths of CoStar, LoopNet and Ten-X. The Ten-X revenue grew 14% in Q4 2020 over Q4 2019, well ahead of our expectations, and Ten-X even generated a small profit in the quarter, the first time that's happened in many years. We've already made a number of improvements and investments in the business since we closed the acquisition in June and those improvements are already delivering results. We're focused on driving a series of improvements to both the demand side and the supply side of Ten-X. We need to drive improvement in both areas in order to drive meaningful adoption and revenue growth. And for the demand side, we need to improve the number of qualified bidders that show up at our online auction events ready to bid. Improving the supply side means increase in the number of owners bringing valuable properties to the site with realistic pricing expectations. When you increase the demand side dramatically, it makes it much easier to attract more sellers for the supply side. Our first efforts are therefore focused on the demand side and I'm very happy with the results, and more importantly, I think and know our clients are very happy with those results. We're leveraging the massive audience of CoStar and LoopNet and promoting the Ten-X auction properties where the most prominent advertising placements on both of these sites. These internal ads are bringing thousands of new bidders to Ten-X. Properties for auction are now visible at both CoStar and LoopNet with rolling counters appearing on the properties for auction counting down at the time of sale. In addition, we've dramatically increased our investment in Ten-X related keyword marketing on Google. We've also used our massive database of an active investment sales brokers, buyers and owners and have begun aggressively recharting it with them with display advertising across the Internet for specific relevant Ten-X auction properties. As a result, the exposure of auction properties on the Ten-X site has increased significantly, with unique visitors doubling from Q3 to Q4 which was quite amazing. Our efforts and investments are paying off and we can see clear improvements on the demand side. The average number of fully approved bidders on an auction increased 153% from 4.2 in Q4 of 2019 to 10.7 in Q4 2020. The number of those watching bidders that engaged and placed a bid increased 66% from 2.2 in Q4 2019 to 3.6 in Q4 2020 on a per property basis. This increase in demand had the result we wanted, which is the percentage of properties that came to auction and successfully sold increased 42.6% going from 43.8% in Q4 2019 to 63% in Q4 2020. This is the so-called trade rate and it's now approaching double the industry average offline trade rate. Since we're only paid when the property trades, this increase in trade rate resulted in an increase in our revenue. Moving forward to 2021, we're planning to continue focusing on best increase in the demand side, but we'll begin to make significant investments increase in the supply side. Success on both sides could have a very positive revenue growth impact. The original pricing strategy for Ten-X was just a port from the offline auction world online auction world. I do not think it really made a whole lot of sense to do that, but moving on. The dynamics now are completely different. If NASDAQ had simply stuck with the OTC pricing model, none of us would probably have ever heard of NASDAQ. The Ten-X has historically charged the buyer a 5% fee. On the larger properties, that's more than the broker's commission. Ten-X has historically offered consistent rebates and discounts, which means they're sticker's price could scare people off, but their effective price was much less. Looking at the gross margin per sale, there's plenty of room to reduce price with an eye to increasing volume and more than making up for the reductions in the volume of a vibrant marketplace we believe it will create. We expect this pricing simplification will create a modest near-term revenue headwind, but ultimately will increase total platform volume, especially volume from first users of the platform. We're expanding the sales force. Ten-X currently has only 25 salespeople, and we plan to grow that number of significant 2021. In addition, we plan to leverage our team of over 1,000 CoStar market researchers whose daily contact with property owners and managers provides a great opportunity to source new properties for sale for Ten-X. We're making a very significant investment in marketing in 2021 to drive demand-supply to Ten-X. We have developed a broad campaign for TV digital media retargeting increased SEM. The tag line these campaigns will use is Don't Just Sell It, Ten-X it. This tag line focuses our prospects on the fact that a property is much more likely to sell in line with Ten-X than it is offline and is much likely to sell faster as well. We plan to use a battle of the bid vacation campaign to drive visibility, traffic and traction with the broader real estate community in 2021. Hundreds of thousands of CRE investors, owners and brokers will be invited to a number of Ten-X options. We'll be able to guess what 10 properties will ultimately sell for in the auction, the more accurate the guess, the more likely they are to win, be a lot of fun, a lot of prizes, a lot of money. We think a lot of folks will show up and play. So, we're increasing our investment in Ten-X marketing by 400% from $9 million in 2020 to potentially $36 million in 2021, a fourfold increase. We have made great progress on our Ten-X integration plans in 2020 and now is the right time to accelerate our investments to be ready to take full advantage of the expected increase in distressed assets coming to market. While it's difficult to quantify the amount and the timing in expected increase in distressed assets, current CMBS foreclosure rates are trending upwards and are now above the level seen at this stage in the last recession of 2008 and 2009.Our estimates indicate potentially hundreds of billions of dollars of distressed properties will materialize over the next three to five years, implying potential for hundreds of millions of dollars in revenue for Ten-X. Now, I'm going to skip the economy update section of my script and start moving closer to the CFO section. The challenges of 2020 highlighted the strengths of CoStar's business model. Our mission critical subscription-based products combined with disciplined investments in the business enabled us to deliver outstanding financial results. In 2021, we expect to deliver double-digit organic revenue growth and margin expansion, while simultaneously investing very aggressively in LoopNet and Ten-X, and we believe in those investments. We're going to use our strong balance sheet and successful acquisition track record to pursue multiple large growth opportunities. At this point, I'm now going to turn the call over to our distinguished but still youthful CFO, Scott Wheeler. Scott Wheeler -- Chief Financial Officer Thank you for that introduction. I will try and display my youthful vigor as I march through my comments today. Thank you, Andy. So 2020 was a great year for CoStar, both strategically and financially, and personally at least, I find it much easier to sleep at night with $3.8 billion in the bank, a negative leverage and a shiny new investment-grade debt rating sitting on my nightstand. Now, we certainly staged a great comeback rally after the early pandemic scrambled our plans this past year and we managed to beat the original 2020 profit guidance that we gave way back in February. I think it's a great complement to the strength of our business model, the value of our products and the execution focus of our leaders and all of our teams. Of course, you throw in a few exciting acquisitions along the way and 2020 starts to feel like a typical year here at CoStar Group. As Andy mentioned in his comments, we're excited for the potential opportunity to add CoreLogic to our business, but I won't be providing any financial comments nor will to take any questions on this topic during the Q&A session. So onto some color on the results; so revenue here, Andy talked about, was up nicely in the fourth quarter. Margins were also improved in the fourth quarter. Our adjusted EBITDA grew over the year and from the third quarter, and we ended out outperforming the high end of our guidance by $23 million, which is a fantastic outcome. Even as we continued to invest to support our future growth which involved the marketing investments we made this year for Apartments.com and increased marketing we began later in the year for LoopNet. Before I go through our sector results, you notice that our EBITDA and our net income results for the fourth quarter and the full year of 2020 include one-time costs related to the terminated RentPath purchase agreement. The proposed transaction was terminated in the fourth quarter and we recorded a $59.5 million charge as part of our G&A expenses. This chart includes settlement of the termination fee for $52 million, as well as the cost for extension payments that we made earlier in the year. The total $59.5 million charge is removed in our adjusted EBITDA calculation as non-recurring acquisition-related expenses. The approximate income on net income for the year is $44 million or $1.15 per diluted share. So onto our revenue by services; CoStar Suite grew 5% in the fourth quarter and 8% for the year, which is a little bit ahead of what we projected back in October. We've seen a stronger than expected sequential performance in CoStar Suite in both sales and renewal rates, and we expect the quarterly growth in revenue will continue. We expect CoStar Suite growth in the 5% to 6% range for the year 2021, with the first quarter representing the low point of growth at around 3% to 4% with the most significant difficult comparables to get past for the next year. The CoStar Suite revenue growth is expected to increase sequentially throughout the year. We've not assumed any contract renewal rate increases in our outlook, although we anticipate that this could occur if the economic environment strengthens in the latter part of 2021. Information services revenue grew 16% in the fourth quarter and 47% for the full year and includes the impact of the STR acquisition, which we closed in mid-fourth quarter of 2019. Excluding STR, revenue in Information Services in 2020 was broadly in line with revenue in 2019 for both the full year and the fourth quarter. As we move past, finally, the high levels of onetime implementation revenues and we're at our 2019 results for the Real Estate Manager business. Subscription revenue growth remained strong in Real Estate Manager, up 11% in the fourth quarter and increasing 13% for the full year of 2020. STR results in 2020 were very encouraging as we worked to integrate STR data and products into CoStar. As we all know, the hospitality sector sort of took it on the chin in 2020, with hotel revenue per available room down as much as 50% in the US and up to 90% in some European markets. Nevertheless, STR proved vital to the operations of our hotel customers, and our revenues grew in the fourth quarter sequentially up 5% to 6% over the third quarter of the year. Retention rates on STR subscriptions remain over 95% and STR subscription revenues increased in both the third and fourth quarters of this year. A strong and a positive sign as we work toward launching the new STR products in CoStar that Andy talked about in 2021. Overall, we expect double-digit revenue growth in the 10% to 12% range for Information Services sector in 2021, starting at approximately 7% revenue growth in the first quarter of 2021 and improving as we continue throughout the year. We had another great year in the Apartments business with 23% growth in the fourth quarter and 22% revenue growth for the year, all of which is organic growth. The number of properties advertising with us increased around 10% in the fourth quarter, while the average revenue per property increased by approximately 11%. the revenue per property increase is the result of customers continuing to trade up to higher value add packages as we did not raise pricing on our rate cards at all during the year. For 2021, expect to see continued strong performance in sales and revenues for Apartments with revenue growth of approximately 20% in the quarter and 19% to 20% for the full year. That was my 20% growth alarm. It goes off every time I get a business growing over 20% organically in a quarter. We expect 2021 revenue growth in dollar terms, let's see the dollar revenue growth in 2021 for Apartments as we continue to focus efforts on penetrating the mid and the small property market sectors. The Commercial Property and Land sector grew 51% in the fourth quarter and 31% for the full year, including the impact of the Ten-X acquisition. Organic growth was 15% for both the fourth quarter and the full year respectively. For 2021, we expect total revenue growth for Commercial Property and Land in a range of 45% to 50% for both the first quarter and for the full year. Organically, excluding the revenue from the Ten-X and Homesnap acquisitions, we expect growth of approximately 20% for the full year. LoopNet revenue growth was stronger than ever at 20% for the full year of 2020 and 20% in the fourth quarter, the signature ad revenue growing 50% on a full-year basis. We expect LoopNet revenue growth to continue at around 20% in 2021 with growth of around 15% to 16% in the first quarter, against tougher year-over-year revenue comparisons. Revenue in our Land and Small Business Marketplaces were essentially flat in the fourth quarter and grew at single-digit rates for the year. The Small Business marketplace in particular was sharply impacted by the pandemic in 2020. We expect growth rates to recover in both Lands and Businesses for sale marketplaces in 2021 with revenue increases in the 8% to 10% range. Ten-X delivered a strong finish to the year with $19 million of revenue in the fourth quarter and $32 million in revenue in 2020, exceeding our initial revenue estimates and delivering positive pro forma growth year-over-year since the acquisition. Now each of the three years prior to our acquisition of Ten-X, revenue had declined by approximately $10 million per year. Of course one positive data point is not yet the trend, but the metrics so far are promising for Ten-X as Andy talked about. And due to the transactional nature of the revenue in Ten-X, we expect to see revenue fluctuate from quarter to quarter depending on economic conditions, historical seasonality as well as our own investment in integration initiatives. Historical seasonality for Ten-X indicates lower transaction volumes typically in the first quarter and stronger volumes in the fourth quarter. Our 2021 forecast assumes around $50 million to $55 million of revenue for Ten-X with approximately 20% of that revenue in the first quarter. We have built our revised pricing rate card for Ten-X into our outlook, but have not assumed a material volume lift from distressed property sales or from our marketing investments in 2021, making this what I'd consider a relatively cautious forecast until we see how the year starts to turn out for the business. HomeSnap is our latest addition to the Commercial Property and Land family, having completed the acquisition in late December of 2020. We did not include any HomeSnap result for the handful of days that we owned the company in 2020. HomeSnap revenues are comprised of both advertising and subscription revenue, with advertising making up approximately two-thirds of the revenue. Our 2021 forecast assumes around $50 million of revenue for HomeSnap, with approximately $10 million of that revenue in the first quarter. Pro forma growth rate of the business is a little over 20% year-over-year in 2021. Profit contribution of Homesnap in 2021 is expected to be around negative $5 million, as we continue to invest for growth we absorb both the acquisition deferred revenue adjustments, which are typical in acquisitions of this type, and the cost of moving the approximate 165 Homesnap employees to our CoStar compensation and benefit plans. Our gross margin was 82% in the fourth quarter and 81% for the year, up 2 full percentage points from last year and 4 full percentage points from 2019. This is a great reflection of the strong leverage that's inherent in our subscription business model. We believe we can continue to deliver revenue growth over our underlying platforms and produce margin improvements over time. We expect gross margin of approximately 81% for 2021, with margins early in the year around 80% as we add Homesnap to our results, and improving to around 82% by the end of 2021. Net income was $36 million in the fourth quarter and $227 million for the full year, which as I mentioned, includes the tax affected impact of the $59.5 million of one-time charges relating to RentPath. Our effective tax rate was 23% for the fourth quarter and 16% for the full year. Fourth quarter adjusted EBITDA was $167 million, up 18% from the fourth quarter of last year and came in approximately $23 million above the high end of our guidance range. The improved adjusted EBITDA was the result of outperformance of $9 million in revenue, lower spending on personnel and marketing and improvements in our bad debt levels from earlier in the year, which is certainly a welcome sign. The resulting adjusted EBITDA margin of 38% in the fourth quarter was a full 5 percentage points above the midpoint of our guidance range. Cash and investment balances were approximately $3.8 billion as of December 31, 2020. We generated almost $0.5 billion in operating cash flow in 2020, $486 million to be exact, and we deployed approximately $440 million of that positive cash flow to buy Ten-X and Homesnap. In addition, if you've been following news in Richmond, Virginia lately, which I do religiously, you will have noticed we purchased a parcel of land, adjacent to our current Richmond location in the third quarter of 2020 and we recently purchased the Richmond building that we've occupied under sublease for $130 million in the first quarter of 2021. Both of these purchases provide a variety of expansion options for our teams in Richmond. Or perhaps we should become a digital commercial property flipper, I hear that's a trending new model that is emerging these days. But we'll leave that future earnings calls. Onto the performance metrics which won't include anything for Homesnap until future quarters reaching $49 million of net new sales in the fourth quarter, rounding out a great second half recovery in sales following the pandemic disruption in the first half of the year. We saw continued solid sequential improvement in CoStar bookings and another very strong quarter in Apartments. The strength of our sales efforts along with planned investments in both sales and marketing in the coming year are expected to keep us on track for strong double-digit organic growth in our subscription businesses in 2021. Our sales force totaled approximately 900 people at the end of the fourth quarter of 2020, an increase of around 40 people from the third quarter and up over 50 people from the fourth quarter of 2019. We continue to build out our dedicated LoopNet sales team as we discussed last quarter, which accounted for most of the growth in our sales team in the fourth quarter. So for perspective, at the end of 2020, our largest sales organizations are CoStar with 340 salespeople, Apartments with around 320 sales people, and LoopNet with 115 salespeople. The renewal rate on annual contracts for the fourth quarter of 2020 was 90%, slightly better than the 89% in Q3. It's great to see our renewal rate moving back up. You recall, earlier this year, that there were concerns of a deeper more sustained drop in renewal rates, similar to what we saw in the last recession. But it looks as though those concerns can be laid to rest, at least for now. In fact, the fourth quarter 2020 renewal rate is essentially in line with the fourth quarter of 2019. The renewal rate in the fourth quarter for customers who've been subscribers for five years or longer was 95%, in line with the renewal rate of 95% in the third quarter of 2020. Subscription revenue on annual contracts accounts for 78% of our revenue in the fourth quarter, down approximately 5 percentage points compared to last year. The decline is entirely due to the addition of Ten-X into the portfolio this year. If we include subscriptions on shorter duration contracts, such as three, six or nine months, approximately 92% of our revenue is subscription based I will now discuss our outlook for 2021 and the first quarter. We expect full-year revenue in a range of $1.925 billion to $1.945 billion in 2021, which implies an annual growth rate of 17% and the midpoint for the year. As I mentioned previously, our outlook includes approximately $50 million for the Homesnap business, which we acquired at the end of 2020. On an organic basis, excluding the full year impact of Homesnap and Ten- X, which we acquired in mid-2020, we expect growth of approximately 12% to 13% for the full year of 2021. We anticipate organic growth rates will be lower in the first quarter in the 11% to 12% range, as this is expected to be the low quarter for CoStar Suite. Throughout the year, we expect organic growth rates to improve sequentially and finish the year around 14%. For the first quarter of 2021, we expect revenue in a range of $450 million to $455 million, representing revenue growth of 15% year-over-year at the midpoint in the range. For the full year of 2021, we expect adjusted EBITDA in a range of $640 to $650 million, which implies an adjusted EBITDA margin of a little over 33% at the midpoint of this range. Excluding both the revenue and the adjusted EBITDA of Homesnap, our adjusted EBITDA margins are expected to improve by approximately 120 basis points in 2021, to 34.5%, compared to the adjusted EBITDA margins of a little over 33% that we achieved in 2020. So overall, our underlying margins are improving over 100 basis points year-over-year in 2021 to a little over 34%, prior to the acquisition of Homesnap. We plan to increase our investment in marketing in 2021 to support the significant growth opportunities we have in both LoopNet as well as the Ten-X business. We expect total marketing costs of approximately $345 million in 2021, an increase of around $70 million over our marketing costs in 2020. The Homesnap acquisition brings along a little over $20 million of the increased marketing spend, with the remaining net increase focused on LoopNet and Ten-X, as Andy talked about. When you think about it, just a few years ago, increased investments of this scale, like the ones we expect in 2021, would have had a significant negative drag in our profitability. What's becoming increasingly obvious is that with the increasing scale of the Company, we're now able to invest much more aggressively for future growth while at the same time improving our profit margins. For example, in 2021, Our expense growth, without counting the recent acquisitions year-over-year into our results, is probably around $120 million, which happens to be about the same amount of marketing investment that was made back in 2015 when we launched Apartments.com. You may recall at that time that $120 million Apartments.com marketing investment wiped out all of the CoStar Group's profit. By contrast, in 2021, we can make that same size investment and not only will it not decrease our profit level, but we will generate close to $100 million more adjusted EBITDA in 2021 than we did in 2020. This is a significant growth advantage as we continue to enter new market sectors. We expect adjusted EBITDA of approximately $140 million to $145 million in the first quarter of 2021 for an adjusted EBITDA margin of between 31% and 32% and up approximately $20 million compared to the first quarter of last year. In terms of the timing of adjusted EBITDA across the remaining quarters of the year, we expect second quarter adjusted EBITDA slightly lower than the first quarter as our marketing expense typically increases in the second quarter. In the third quarter, adjusted EBITDA is expected to move back up above the first quarter level with fourth quarter increasing significantly as the marketing spend is expected to tail off near the end of the year. In terms of earnings, we expect full year non-GAAP net income per diluted share of $10.83 to $11.03 based on 39.7 million shares. For the first quarter of 2021, we expect non-GAAP net income per diluted share in the range of $2.33 to $2.43 based on 39.5 million shares. Now, with 2020 in the rear view mirror, I believe we are firmly on track to achieve our long-term objectives of $3 billion in run rate revenue and 40% adjusted EBITDA margins in 2023. 2020 was certainly an amazing year for our Company for CoStar Group and we ended the year with strong double-digit revenue growth, both in total and organic revenue growth. And despite the continuing global pandemic, and uncertain economic environment, we generated over $0.5 billion of profit and nearly the same in operating cash flow while strengthening our balance sheet with both equity and investment grade debt. The acquisitions we completed represent significant strategic and financial growth opportunities for the Company, and the acquisitions we are pursuing can truly transform the business. Thank you for supporting CoStar this year in so many ways, and I look forward to updating you on our results, as we navigate the year 2021. Bill, we'll turn the call now back over to you so you can issue the ground rules for today's fun and exciting question-and-answer session. Bill Warmington -- Investor Relations Thank you, Scott. Two items before we start the Q&A this evening. First, one question per participant, so make it an exceptionally insightful or probing one. And second, a reminder that we will not be taking any questions about our bid to acquire CoreLogic. Angela, would you please assemble the questioners for the queue. Questions and Answers: Operator Of course. [Operator Instructions] Our first question is from the line of Sterling Auty with JPMorgan. Please go ahead. Sterling Auty -- J.P. Morgan -- Analyst Yes. Thanks. Hi, guys. So, in terms of the marketing investment that you're making across the business, what gives you the comfort that now is the right time that you can actually lift the gas pedal on spending for apartments -- for the multifamily segment? Andy Florance -- Founder & Chief Executive Officer Well, we are -- I would say is that we've got the pedal down pretty firmly. We're well over $200 million some over there on that. We're not increasing it. We're easing it off a little bit, but we're still there at a very aggressive pace. So it's a little bit of net new investment into Ten-x and LoopNet but we think we need to balance those investments across the whole portfolio, and we think the ROI in LoopNet and Ten-x will be more impactful over the next two to three years than a similar investment Apartments.com. And that's not to say anything negative about Apartments.com, but we've had the pedal down pretty hard there for a while. Operator Your next question is from the line of Pete Christiansen with Citi. Please go ahead. Pete Christiansen -- Citi -- Analyst Hi. Good evening, and thanks for the question. Andy, obviously outside CoreLogic, how are you feeling about the M&A environment? Are there other potential assets out there that are of interest and how are you feeling about valuations for potential acquisitions? Andy Florance -- Founder & Chief Executive Officer Sure. So other than that $6.9 billion or $7 billion deal up here, there actually are other things out there that we are engaged with and developing. We have definitely -- and so, that is not the only thing occurring. There are other things occurring. They all have a similar theme right now for us. They're all going -- they're supporting the kinds of directions you're already familiar, they're just strategic building blocks on the same theme. The valuations, I would say that I have certainly seen a couple of deals going by at valuations left me very, very comfortable not to participate. And I took my hand off to those folks and said, wow good work that's a heck of a valuation. But there are a couple of things recently, and usually my skepticism on some of the valuations I've seen in some places recently are around the total addressable market relative to the valuation. So they may be performing well in their context or in their field, but their field is relatively small and doesn't have the long-term growth. So there is a little frothiness out there, but there are also some real value plays out there that we're focused on. Operator Your next question is from the line of Ryan Tomasello with KBW. Please go ahead. Ryan Tomasello -- KBW -- Analyst Thanks for taking the question. Andy, I was hoping you could dive a bit deeper into your strategy for entering the residential portal space. There's obviously a lot to talk about there, but I think one key question is how you intend to cost effectively build consumer traffic, considering the existing well branded competition in that space. What traffic synergies do you think the existing Apartments.com audience can provide and is there any competitive advantage that Homesnap's strong user base of agents can bring to help you build that consumer traffic on the residential side? Andy Florance -- Founder & Chief Executive Officer Yes. So, we're not -- we've obviously been thinking about this and building that strategy and we believe there is a pathway to build organic traffic very cost-effectively. We are not in a position to share our thinking on some of that right now for competitive reasons. But I think that these things, building traffic, does not happen overnight. These things, you build this up through time. We obviously know how to build up traffic through time, we've done that. Any time we enter into a new space and try to build traffic, there's generally skepticism that you can build traffic in that space through time and we have proven we can do that. And in particular, we entered the apartment space seven years after Zillow had made a significant priority and we ultimately were clearly more successful in doing that. I think one of the important considerations, as you build a marketplace or build traffic around a marketplace is what is your revenue model and how much -- how strong is that revenue model, and will that revenue model fund investments to continue growing traffic or is your revenue model actually a drag on your ability to grow traffic. And I think we see those conditions existing in the home sale market. Definitely Homesnap is a useful component in this and there's one or two other useful components that we're looking at, but there's no guarantees on any of these things. But we are pretty excited to get working on it and we have a pretty clear view as to where we think we can take it and how we can get it there. And I'm sorry, I can't give you more detail and stuff, but I want to have success and telling you about it will make it less likely. Operator Your next question is from the line of George Tong with Goldman Sachs. Please go ahead. George Tong -- Goldman Sachs -- Analyst Hi, thanks. Good afternoon. Commercial Property and Land saw a step up in organic revenue growth this quarter, as you continue to sell higher tier ads in LoopNet and you're guiding the further acceleration in 2021. How much of your client base do you believe you've penetrated with higher tier ads in LoopNet and how sustainable is 15% to 20% plus organic growth in Commercial Property and Land? Andy Florance -- Founder & Chief Executive Officer I really appreciate that question. I really do. So we had just -- I mean, it is really early, early days on these higher tier ads. So we've been very successful with that standard ad placement, in fact in some markets we have too much penetration. In Southern Florida, we might be 80% some penetrated, which I think is too high. But I think we are less than 1% penetrated in these higher tier ads and that's because we've just begun to really focus on bringing them out. As you remember, we acquired LoopNet. We separate out the information side from LoopNet, upsell in the CoStar and then began developing more fully the potential LoopNet marketplace. We began aggressively bringing the Apartments.com style tiered advertising levels into LoopNet last year, that was the first time we began doing this. So this is really the first year of doing that properly and aggressively, and you have -- I think there's -- if we have a 1,000, there's 75,000 we're keeping an eye on, but you have two components moving. One is penetration into which properties want to move up that prominence level in LoopNet, and the other is what people are willing to pay for that top position and both those items are moving. So, it's sustainable for a decade or more. I feel comfortably that we could sustain this for a long, long time. Operator Your next question is from the line of Jeff Mueller with Baird. Please go ahead. Jeff Meuler -- Baird -- Analyst Yes, thanks. On the opportunity to upsell existing comps and tenant module clients into Suite, since that's where the innovation is going, can you just help size up, how big of an opportunity that is? Like how much of the revenue base for that line item is still for comp or tenant module clients, how much uplift do you typically see when they transition over to Suite etcetera? Thanks. Andy Florance -- Founder & Chief Executive Officer Sure. So I'm going to be giving you -- these are not precise numbers. I'm just going to give you numbers that are an educated estimate in order to give you a feel. I believe probably 15%, 20% of that customer base is not on the full suite, and I think that typically it is a doubling as they go into the full Suite. And any time you do something like that, definitely it's time for us to do this and I think it's an opportunity that in reflection maybe we should have done it last year. But now as we bring in the CMBS and the international and the STR and we think we have another three or four innovations coming in the equally powerful, as we keep doing this we need to -- it's time to leave behind these partial solutions. It just doesn't represent our brand well, and we can -- it actually saves us money to stop supporting these lesser modules. And so I think it's in the $10 million of revenue of potential revenue comfortably. And I think more importantly, I think when it's done I think the customer is happier. I think they appreciate a much more powerful product, and then just half of it is they just don't know what they don't have. Operator Your next question is from the line of Brett Huff with Stephens. Please go ahead. Brett Huff -- Stephens -- Analyst Good evening, guys. Andy Florance -- Founder & Chief Executive Officer Good evening, Brett. Brett Huff -- Stephens -- Analyst My one question is, Scott, you mentioned the TTM retention rate. I think you said it was 90% this quarter versus 89% last quarter. That's a question that we've gotten a lot and we've obviously paid a lot of attention to that. Could you impact that a little more? Is that small broker who is not maybe going out of business as much as we thought? Is it large brokers spending more? Is there a lever in there that could give us more comfort in the resilience of that in the face of what could be a pretty tough CRE market? Thank you. Scott Wheeler -- Chief Financial Officer Yes. Sure, Brett. The concerns as we went through the first to second quarter downturn was --- where will these renewal rates bottom out. And if you recall, they went from 90% to down into the low 80%s in the last recession. And so we watch closely, really by customer type and by customer size. Large customers all stayed with us, there was really no increase at all in drop off rates from anyone that was five or six brokers or more or in the owner categories. It was the small brokers that dropped out over the summer time, which also led to a little bit of increase in our bad debt. We saw in the later part of the year that certainly has trickled often stabilized. We're seeing all property -- or all customer types as well as customer sizes now are back to I'll just say the renewal rates that we were seeing in the beginning of the year at the end of last year. So it feels like those that were going to drop out have dropped out and the rest are operating in the stable way and our sales are picking up. So momentum is good, direction of travel is good and we think that that will continue into 2021. Operator Your next question is from the line of Mario Cortellucci with Jefferies. Please go ahead. Mario Cortellacci -- Jefferies -- Analyst Hi, thank you. Maybe you can continue with that thought on retention, and actually can we talk more about your sales cycle. And during Q2 last year, that was more or less frozen, decision making basically stopped. And just wanted to see, did you think some of the success in the back half of the year was just some of that Q2 being pushed to the right, or is this more or less sustainable going into 2021? And even maybe let's say ramping in GDP and economic activity in 2021, is there a lot of room for you guys to beat your guide based on that? Scott Wheeler -- Chief Financial Officer So when we saw the response in mid-2020, especially in the marketplaces with the online traffic going to record levels and then the sales accelerating, we assumed one, there's clearly a pandemic effect in there and then there's I think a continued longer term adoption that will stick from that and that experience, both from a customer's perspective and our sales effectiveness perspective. So certainly there is more online eyeballs, there's more effectiveness of the online advertising, and the effectiveness of our media that our customers can use to tour properties, you're clearly are a big hit in the year. On the other side, our sales effectiveness in our Apartments.com sales force able to effectively and professionally connect with our customers and prospects through Zoom and remote working and actually produced thousands of more effective customer meetings and maintained their same high NPS scores throughout the year, allowing them to generate more sales per person than they have ever before. So we don't see either of those trends backing down, either as we come out at the end of this year or going into next year. And with the momentum we have building our mid-market sales force, which we will increase, the growth we're starting to see in the IO property space and then the translation of the same effects into LoopNet as we build our separate sales force in the LoopNet marketplace, I think we're going to see that same strength and that same momentum building throughout the year. And we'll still have the CoStar sales force selling the LoopNet marketplace products as well until that LoopNet force is built up to full speed. So, I think we have a lot of momentum behind us, add a good bit of marketing to LoopNet and the future is certainly bright with our sales efforts as I see them. Andy Florance -- Founder & Chief Executive Officer And if it doesn't make it, will take it out with Ten-X. Operator And your final question comes from the line of Stephen Sheldon with William Blair. Please go ahead. Stephen Sheldon -- William Blair -- Analyst Hi, thanks. On Ten-X, you talked about not investing heavily yet on the supply side. But have you seen any momentum on the supply side, I guess, in the second half of 2020 with momentum you had bringing in more bidders? And then related to Ten-X, any update on what you've seen in terms of distressed property sales and have you assumed any pickup in distressed activity in the 2021 guidance or would that be potential upside? Andy Florance -- Founder & Chief Executive Officer Okay, so starting with the second question first. We have not assumed any pickup in distressed though that may be possible that that will happen. Especially as there is a return to normalcy, some folks will at that point calculate it just doesn't work anymore, their property income she doesn't work anymore or their LTV doesn't work more. So I think there could be, but it's not in our forecast. We actually -- so we closed that in June. Scott Wheeler -- Chief Financial Officer Yes, July. Andy Florance -- Founder & Chief Executive Officer Yes. So it hasn't been long and so we really jumped into this both feet, and we're really just on the demand side, because that's the first component you got to build. And it's really a bit early to really expect any movement on the supply side. So we're just now beginning to turn in results. I was wandering through my neighborhood there, I saw two guys drinking a lot of beers and chipping golf balls on their front lawn. I stopped and said hello to them, and we chatted for a little bit. Determined the guy had just brought for multifamily properties to Ten-X that he didn't expect to sell, and he was really kind of blown away they sold with the number of bidders. And I love the fact that a neighbor was surprised with how many bidders we had. I think he actually was visiting a neighbor. But that story gets around, he's going to tell people. He is with a big brokerage firm and that'll get around. But some of the -- and -- but that's slower. Some of the investments we're making in marketing in 2021 I think absolutely will drive the supply side. So the broad media campaigns about the value of the auction at Ten-X that Don't Sell it, Ten-X it. That will reach a lot of the supply side. Our performance numbers that we can use as sales demonstrations are fantastic and those will be very compelling. Also the gamification of the product where we hope to bring in hundreds of thousands of players on the supply side and educate them on the platform while they're having fun and winning some prizes. I think that will drive the supply side. We're educating [indecipherable] arrivals massive team in Richmond, Virginia to educate the people. They talked to all the time when they first bring a property to market and they're going to educate them about the opportunities on Ten-X, that should drive the supply side. And then as we grow the number of salespeople, that will grow the supply side. So, I think that by -- I hope that by the end of 2021, we can report really good progress on both the number of bidders showing up to each property and the number of total properties going to market and the trade rate. And if those things are all coming together, there is the potential for a very significant network effect, and that's because the results you get from aggregating a huge community of buyers to an online marketplace is in almost all cases vastly superior to an offline anecdotal email blast kind of non-scale marketplace. So I like where it's going, and I hope we can show real progress on the supply side and demand side next year, and that's what we're working toward, but I'm really pleased with what we've done since just a July close. So, -- and I think the head of Ten-X is on his way over after the call to work on some more stuff with us. Anyhow, well I think that is probably the last call -- answer we have or question we have. Bill Warmington -- Investor Relations That is correct. Scott Wheeler -- Chief Financial Officer And so I think we can wrap up the call. And we certainly, Scott and I appreciate -- Scott, Bill and I certainly appreciate you joining us for this fourth quarter year-endearnings call And we look forward to updating you on more interesting developments in earning calls in the near future and apologize for our verboseness today, there are few more extra things going on. Operator [Operator Closing Remarks] Duration: 86 minutes Call participants: Bill Warmington -- Investor Relations Andy Florance -- Founder & Chief Executive Officer Scott Wheeler -- Chief Financial Officer Sterling Auty -- J.P. Morgan -- Analyst Pete Christiansen -- Citi -- Analyst Ryan Tomasello -- KBW -- Analyst George Tong -- Goldman Sachs -- Analyst Jeff Meuler -- Baird -- Analyst Brett Huff -- Stephens -- Analyst Mario Cortellacci -- Jefferies -- Analyst Stephen Sheldon -- William Blair -- Analyst More CSGP analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-02-25,83.307,84.766,80.957,82.0,"[""Notable Two Hundred Day Moving Average Cross - CSGP In trading on Thursday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed below their 200 day moving average of $818.77, changing hands as low as $809.57 per share. CoStar Group, Inc. shares are currently trading down about 1.9% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $500.24 per share, with $952.76 as the 52 week high point \u2014 that compares with a last trade of $820.00. Click here to find out which 9 other stocks recently crossed below their 200 day moving average \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""EXCLUSIVE-CoreLogic asks CoStar for assurances on antitrust risk-sources By Greg Roumeliotis Feb 25 (Reuters) - U.S. property data and analytics company CoreLogic Inc CLGX.N has asked peer CoStar Group Inc CSGP.O for more assurances that it can complete their combination should it attract antitrust scrutiny, people familiar with the matter said. CoStar unveiled a $6.9 billion all-stock bid for CoreLogic earlier this month, after the latter agreed to sell itself to a private equity consortium of Stone Point Capital and Insight Partners for about $6 billion. CoreLogic has informed CoStar it would be willing to declare its bid superior and abandon its deal with the private equity firms if CoStar provides more certainty that the transaction will be completed expeditiously, the sources said. A decline in recent days in CoStar shares has highlighted the need for such certainty for CoreLogic's board, according to the sources. CoStar's bid was worth $95.76 per share when it was unveiled on Feb. 16. It was worth about $82 per share on Thursday afternoon because of the decline in CoStar's shares, only slightly more than the $80 per share all-cash bid it accepted from Stone Point Capital and Insight Partners. The more time lapses, the more the value of CoStar's bid could change. While some of CoreLogic's demands involving technical aspects of the deal are expected to be ironed out with CoStar, the antitrust provisions remain a significant sticking point, the sources said. CoreLogic initially asked for a \""hell-or-high-water\"" clause that would force CoStar to undertake all actions that antitrust regulators may request for the deal to happen, including any necessary divestitures, the sources said. It has since dropped this request but still wants CoStar to make commitments to closing the deal, including accepting a deadline for completing the transaction akin to the six-month deadline that the private equity firms agreed to, the sources said. CoStar is currently pushing for a 12-month deadline, the sources added. CoStar has argued there is little antitrust risk for the deal, and that regulators may be able to approve it in as little as one month, according to the sources. An attempt last year by CoStar to buy another company, apartment search site operator RentPath Holdings Inc, for $588 million was thwarted by U.S antitrust regulators. RentPath sued CoStar over the deal's $58 million breakup fee, and last week reached a settlement recovering most of that fee. CoreLogic's board wants to make sure that any deal it inks with CoStar does not get torpedoed by regulators, the sources said. It has asked for CoStar to pre-fund its proposed $330 million breakup fee, and also not to negotiate with potential acquirers of its assets until the deal closes, the sources added. It remains unclear whether CoStar and CoreLogic will be able to negotiate a deal, the sources said, requesting anonymity because the talks are confidential. CoStar and CoreLogic did not immediately respond to requests for comment. PROPERTY MARKET BOOM The takeover interest in CoreLogic came after activist investors Senator Investment Group LP and Cannae Holdings Inc began pushing the company to seek a sale by mounting their own acquisition bid, which they abandoned once the sale process got under way. A big part of CoreLogic's business is thriving, as low interest rates have fueled a boom in parts of the property market. CoStar, which also participated in the auction for CoreLogic before losing out to the private equity consortium, reported fourth-quarter earnings on Tuesday that beat most analysts' expectations. Yet its shares have been dropping amid a broader sell-off in technology stocks and uncertainty over its bid for CoreLogic. CoStar has said its acquisition of CoreLogic would result in $150 million to $250 million in annual cash flow synergies. It has argued those synergies alone are worth several billion dollars to shareholders of the combined company. It has also argued that it does not need to place an \""equity collar\"" on its all-stock bid, which would protect CoreLogic shareholders from CoStar shares dropping too much, given the value of these synergies and the deal's rational. CoreLogic shareholders would own 16.2% of the combined company under CoStar's terms. Were it to sweeten its bid further by offering more of its shares, it would trigger a requirement under its bylaws for CoStar shareholders to vote on the deal. Under the proposed offer, only CoreLogic shareholders need to vote on the deal should its board approve it. CoStar counterbids $6.9 billion for real estate data group CoreLogic CoStar Group, private equity firms vying to acquire CoreLogic -sources Stone Point Capital, Insight Partners to buy CoreLogic for $6 bln BRIEF-CoStar Group Full Year And Q4 2020 Revenues Increased 19% Year-Over-Year BRIEF-CoStar Group Makes Superior Proposal To Acquire Corelogic For $95.76 Per Share (Reporting by Greg Roumeliotis in New York Editing by Nick Zieminski) ((Greg.Roumeliotis@thomsonreuters.com; +1 646 223 6022; Reuters Messaging: greg.roumeliotis.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""How to Use One Merger to Predict the Next The past year has been one for the ages for some of the companies in the real estate business, and it's been an active period for mergers and acquisitions (M&A). When you see M&A activity in a sector, it becomes a parlor game among event-driven hedge funds to find the next target. Today, I'll give you an idea of how they go about it. CoreLogic is the subject of a bidding war, and Intercontinental Exchange (NYSE: ICE) just purchased service provider Ellie Mae from a private equity fund. Are any other real estate data or tech companies looking right for a buyout? If you wanted to figure that out, how would you go about it? Catching up on CoreLogic's takeover battle CoreLogic was the subject of bear hug tactics over the summer, led by Cannae Holdings and Senator, an activist hedge fund. A bear hug happens when a group proposes to buy a company by publicly releasing a press release. This tactic is typically used to prod a company's board of directors to run an auction for the company, or to cooperate with a potential suitor. CoreLogic eventually received a bid from Stone Point Capital and Insight Partners at $80 per share in cash. Then CoStar Group unveiled a stock-for-stock bid which is worth about $92 at CoStar's recent prices. It's interesting that CoStar felt the need to use bear hug tactics similar to Cannae; if there were an auction process, all interested parties should have been contacted. The details will be filled in when the preliminary proxy statement is released, as there is invariably a \""background\"" section, which lays out all of the details for the process. CoreLogic's board of directors will review CoStar's bid and probably determine it to be superior. If I were a CoreLogic shareholder -- with the stock trading for a little under $84 at Thursday morning's prices -- I would be keeping my eye nervously on the door here. Bidding wars are fun, but once the auction is over, it is time to leave. As Taubman Centers shareholders found out earlier this year, sticking around for the last nickel in a takeover can be a big mistake. Image source: Getty Images. Your next step when you see M&A activity When you see M&A activity, it often pays to take a look at other companies in the sector to determine if they are trading at cheaper multiples than someone just paid for similar assets. Stone Point agreed to buy CoreLogic for $80 per share, which works out to be 19 times CoreLogic's expected 2021 earnings per share and 3.5 times its expected 2021 sales. CoStar's bid is closer to $92 (the actual price is a moving target), which works out to be 4 times sales and 22 times earnings. Last year, ICE agreed to buy Ellie Mae for $11 billion, which works out to be 23 times expected earnings before interest, taxes, and depreciation and amortization (EBITDA). While 23 times EBITDA is not necessarily equal to 23 times earnings, for our purposes it is close enough. I put together a table of the multiples for some comparable companies, including Black Knight Financial, RealPage, and CoStar. The ratios are calculated using the company's 2021 expected earnings and sales. This is called a comps analysis. COMPANY MARKET CAP ($MM) PRICE-TO-SALES RATIO PRICE-TO-EARNINGS RATIO* Ellie Mae $11,000 23 CoreLogic (NYSE: CLGX) $6,730 4 22 Black Knight Financial (NYSE: BKI) $13,722 9.7 37 RealPage (NASDAQ: RP) $8,865 6.9 40 CoStar Group (NASDAQ: CSGP) $37,045 19.4 82 Data source: company filings. *EBITDA multiple for Ellie Mae As you can see from the table, most of these companies are trading well in excess of where CoreLogic and Ellie Mae were acquired. This doesn't necessarily mean that they aren't targets; it simply means they are \""trading richer than the comps.\"" Money is cheap and plentiful right now, and private equity firms are looking for firms that will easily cover their borrowing costs. That said, these multiples will look high to a private equity firm, especially when you consider they will also have to pay a control premium. Another company in a similar business may be able to justify a higher multiple since it can generate synergies with the target company. Overall, none of these companies are as cheap as Ellie Mae or CoreLogic, but it is a worthwhile exercise to do sometime with your portfolio. Sometimes you might even find a cool investment idea doing this sort of analysis. 10 stocks we like better than CoreLogic When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and CoreLogic wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Brent Nyitray, CFA has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Intercontinental Exchange. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2021-02-26,81.105,82.975,81.105,82.376,"The Implied Analyst 12-Month Target For MTUM Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $179.30 per unit. With MTUM trading at a recent price near $161.71 per unit, that means that analysts see 10.87% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of MTUM's underlying holdings with notable upside to their analyst target prices are Avalara Inc (Symbol: AVLR), CoStar Group, Inc. (Symbol: CSGP), and Zillow Group Inc (Symbol: ZG). Although AVLR has traded at a recent price of $155.79/share, the average analyst target is 25.93% higher at $196.18/share. Similarly, CSGP has 17.52% upside from the recent share price of $820.00 if the average analyst target price of $963.67/share is reached, and analysts on average are expecting ZG to reach a target price of $187.05/share, which is 17.40% above the recent price of $159.33. Below is a twelve month price history chart comparing the stock performance of AVLR, CSGP, and ZG: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET iShares MSCI USA Momentum Factor ETF MTUM $161.71 $179.30 10.87% Avalara Inc AVLR $155.79 $196.18 25.93% CoStar Group, Inc. CSGP $820.00 $963.67 17.52% Zillow Group Inc ZG $159.33 $187.05 17.40% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-03-01,82.308,83.0,81.04,81.5,"[""CoStar sweetens deal to buy real estate data group CoreLogic March 1 (Reuters) - Commercial property data vendor CoStar Group Inc CSGP.O on Monday sweetened the deal to buy CoreLogic Inc CLGX.N by adding $450 million more to the original offer. CoStar had made a $6.9 billion all-stock offer for CoreLogic last month, gatecrashing a smaller buyout deal between the real estate data provider and two private equity firms. (Reporting by Akanksha Rana in Bengaluru; Editing by Shailesh Kuber) ((akanksha.rana@thomsonreuters.com; ; Twitter: @AkankshaRanaa;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Submits Revised Proposal To Buy CoreLogic (RTTNews) - CoStar Group Inc. (CSGP) said that it has submitted revised proposal to acquire CoreLogic (CLGX). The revised proposal adds $450 million or $6.00 per share in cash to previous all-stock offer. CoStar expects the CoreLogic board to deem the proposal to be a \""Superior Proposal\"" within 48 hours. As per the terms of the new proposal, CoreLogic shareholders would receive $6.00 per share in cash and 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of about $90 per share based on CoStar Group's closing share price on February 26, 2021 and about $97 per share based on the latest 30-day volume-weighted average CoStar share price. CoStar said that the new offer represents a $17 per share improvement over the Stone Point and Insight offer, which is equivalent to over $1.25 billion more in aggregate value. According to CoStar, the Stone Point and Insight offer now represents a 6% discount to CoreLogic's latest closing price of $84.66, while the CoStar Group offer represents a 15% premium and implies pro forma diluted ownership of approximately 16.2% in the combined entity and $450 million in cash for current CoreLogic stockholders. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar sweetens deal to buy real estate data group CoreLogic Adds details of the deal March 1 (Reuters) - Commercial property data vendor CoStar Group Inc CSGP.O on Monday sweetened the deal to buy CoreLogic Inc CLGX.N by adding $450 million more to the original offer. Under the terms of the new proposal, CoreLogic shareholders would receive $6 per share in cash and 0.1019 shares of CoStar's common stock in exchange for each share of CoreLogic. CoStar had made a $6.9 billion all-stock offer for CoreLogic last month, gatecrashing a smaller buyout deal between the real estate data provider and two private equity firms. The offer is higher than the $6 billion deal CoreLogic and private equity firms Stone Point Capital and Insight Partners had agreed on last month. Reuters reported last week that CoreLogic had asked peer CoStar for more assurances that it can complete their combination should it attract antitrust scrutiny. CoStar on Monday said the merger does not present any meaningful antitrust concerns, adding, it will agree to an antitrust covenant that it will take all actions to obtain the required antitrust approvals. (Reporting by Akanksha Rana in Bengaluru; Editing by Shailesh Kuber) ((akanksha.rana@thomsonreuters.com; ; Twitter: @AkankshaRanaa;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar raises bid for CoreLogic to compete with Stone Point/Insight offer CoStar Group Inc. said Monday it has delivered a letter to the board of real estate data provider CoreLogic revising the terms of its offer to acquire the company to make it a $17 a share improvement on the terms being offered by Stone Point and Insight, which had already bid for the company. Under the new terms, CoStar will offer CoreLogic shareholders $6 a share in cash, plus 0.1019 shares of CoStar for each share owned, equal to a value of about $90 a share, based on CoStar's closing share price on February 26, 2021 and approximately $97 per share based on the latest 30-day volume-weighted average CoStar share price. \""The new offer represents a $17 per share improvement over the Stone Point and Insight offer, which is equivalent to over $1.25 billion more in aggregate value,\"" CoStar said in a statement. \""The Stone Point and Insight offer now represents a 6% discount to CoreLogic's latest closing price of $84.66, while the CoStar Group offer represents a 15% premium and implies pro forma diluted ownership of approximately 16.2% in the combined entity and $450 million in cash for current CoreLogic stockholders.\"" CoStar said it expects the CoreLogic board to declare the latest offer to a superior proposal within 48 hours. CoreLogic shares were up 2% premarket and have gained 87% in the last 12 months, while the S&P 500 has gained 22%.""]"
CSGP,2021-03-02,81.812,82.064,78.801,79.017,
CSGP,2021-03-03,78.5,79.553,76.07,76.28,
CSGP,2021-03-04,76.1,77.378,74.306,75.846,"[""CoStar Group Withdraws Offer To Acquire CoreLogic (RTTNews) - CoStar Group Inc. (CSGP) said it withdrew its bid to acquire CoreLogic (CLGX) and terminated any further acquisition discussions, after CoreLogic rejected its increased buyout offer earlier on Thursday. CoStar Group believed rising interest rates would negatively impact the outlook for the mortgage refinancing market. The rising interest rates caused valuations for residential property technology companies to decline significantly in recent weeks, which has changed CoStar's view of the value of CoreLogic. On 1st March, CoStar Group submitted revised proposal to acquire CoreLogic. The revised proposal added $450 million or $6.00 per share in cash to previous all-stock offer. As per the terms of the revised proposal, CoreLogic shareholders would receive $6.00 per share in cash and 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of about $90 per share based on CoStar Group's closing share price on February 26, 2021. Earlier on Thursday, CoreLogic said it had not concluded that CoStar's updated proposal was a superior proposal as defined in its merger agreement with affiliates of Stone Point Capital and Insight Partner. CoreLogic's board approved a definitive merger agreement on February 4 under which funds managed by Stone Point Capital and Insight Partners agreed to acquire all outstanding shares of CoreLogic for $80 per share in cash. CoreLogic said Thursday that the merger agreement remains in full force and effect, and its board has not withdrawn or modified its recommendation that the stockholders of CoreLogic vote in favor of the approval of the merger, the merger agreement and the transactions contemplated thereby. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group withdraws bid to buy CoreLogic Inc Adds details from CoStar's statement March 4 (Reuters) - Commercial real estate information provider CoStar Group CSGP.O said it had withdrawn its bid to buy CoreLogic CLGX.N after the U.S. property analytics company rebuffed its sweetened buyout offer of more than $7 billion earlier on Thursday. In February, CoreLogic had agreed to sell itself in a $6-billion deal to private equity firms Stone Point Capital and Insight Partners, and CoStar was trying to compete against that agreement. \""With interest rates moving up, now is not the time for us to aggressively buy into the residential mortgage market,\"" CoStar Chief Executive Officer Andrew Florance said in a statement. CoStar said the rising interest rates have caused valuations for residential property technology companies to fall significantly in recent weeks and that changed its view of the value of CoreLogic. CoreLogic said the deal with the two private equity firms was still on. (Reporting by Ankit Ajmera in Bengaluru; Editing by Amy Caren Daniel) ((Ankit.Ajmera@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoreLogic says CoStar's sweetened buyout offer needs improvement Adds current value of Costar's bid March 4 (Reuters) - U.S. property data and analytics company CoreLogic Inc CLGX.N rebuffed peer CoStar Group Inc's CSGP.O sweetened buyout offer, saying it required improvement in terms of value. Earlier this week, CoStar raised its offer to buy CoreLogic by adding another $450 million to its original $6.9 billion all-stock proposal, hoping to seal a deal and triumph over another competing bid by private equity firms. Under the new proposal, CoreLogic shareholders would receive $6 per share in cash and 0.1019 shares of CoStar's common stock in exchange for each share of CoreLogic, worth a total of $90 per share when it was unveiled on March 1. Since then, CoStar's shares have been in a downward spiral, weighing on the value of its bid. Its offer was worth $83.73 per share based on Tuesday's closing price. \""$6 per share in cash does not meaningfully reduce CoreLogic shareholders' exposure to the concerning volatility of your stock,\"" CoreLogic said in a letter addressed to CoStar on Thursday, adding the revised proposal represented a significantly lower implied total per share value than its previous offer. Despite CoStar sweetening its bid by adding some cash on Monday, the primarily stock offer was still worth less than when it was unveiled on Feb. 16, because of the decline in its shares. CoreLogic also said its $6-billion agreement to sell itself to private equity firms Stone Point Capital and Insight Partners announced last month remained in full force. (Reporting by Akanksha Rana in Bengaluru and Greg Roumeliotis in New York; Editing by Krishna Chandra Eluri and Nick Zieminski) ((akanksha.rana@thomsonreuters.com; ; Twitter: @AkankshaRanaa;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoreLogic says CoStar's sweetened buyout offer needs improvement March 4 (Reuters) - U.S. property data and analytics company CoreLogic Inc CLGX.N rebuffed peer CoStar Group Inc's CSGP.O sweetened buyout offer, saying it required improvement in terms of value. Earlier this week, CoStar raised its offer to buy CoreLogic by adding another $450 million to its original $6.9 billion all-stock proposal, hoping to seal a deal and triumph over another competing bid by private equity firms. Under the new proposal, CoreLogic shareholders would receive $6 per share in cash and 0.1019 shares of CoStar's common stock in exchange for each share of CoreLogic, totaling $90 per share. \""$6 per share in cash does not meaningfully reduce CoreLogic shareholders' exposure to the concerning volatility of your stock,\"" CoreLogic said in a letter addressed to CoStar on Thursday, adding the revised proposal represented a significantly lower implied total per share value than its previous offer. Despite CoStar sweetening its bid by adding some cash on Monday, the primarily stock offer was still worth less than when it was unveiled on Feb. 16, because of the decline in its shares. CoreLogic also said the $6 billion offer by private-equity firms Stone Point Capital and Insight Partners announced last month remained in full force. (Reporting by Akanksha Rana in Bengaluru; Editing by Krishna Chandra Eluri) ((akanksha.rana@thomsonreuters.com; ; Twitter: @AkankshaRanaa;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2021-03-05,80.2,82.5,77.4,79.869,"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 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-03-08,79.818,81.593,79.208,79.231,
CSGP,2021-03-09,80.865,83.174,80.352,81.497,
CSGP,2021-03-10,82.173,83.96,80.77,80.812,
CSGP,2021-03-11,81.283,82.946,80.292,81.729,
CSGP,2021-03-12,81.256,82.426,80.724,81.855,
CSGP,2021-03-15,82.282,84.133,81.946,83.786,
CSGP,2021-03-16,84.318,84.84,83.42,83.868,
CSGP,2021-03-17,83.471,83.903,81.38,82.3,
CSGP,2021-03-18,81.341,81.558,79.358,80.551,
CSGP,2021-03-19,80.702,82.11,80.406,81.866,
CSGP,2021-03-22,82.127,83.328,81.675,82.781,
CSGP,2021-03-23,83.686,83.819,82.42,83.076,
CSGP,2021-03-24,82.627,83.589,80.239,80.423,
CSGP,2021-03-25,79.91,80.594,79.222,80.324,
CSGP,2021-03-26,80.438,81.836,79.65,81.647,
CSGP,2021-03-29,81.374,82.37,80.074,80.96,
CSGP,2021-03-30,80.74,81.236,79.332,79.955,"Implied VOT Analyst Target Price: $236 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard Mid-Cap Growth ETF (Symbol: VOT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $236.04 per unit. With VOT trading at a recent price near $211.53 per unit, that means that analysts see 11.58% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VOT's underlying holdings with notable upside to their analyst target prices are CoStar Group, Inc. (Symbol: CSGP), (Symbol: LBRDA), and TransDigm Group Inc (Symbol: TDG). Although CSGP has traded at a recent price of $809.60/share, the average analyst target is 20.09% higher at $972.22/share. Similarly, LBRDA has 18.79% upside from the recent share price of $147.74 if the average analyst target price of $175.50/share is reached, and analysts on average are expecting TDG to reach a target price of $657.92/share, which is 13.59% above the recent price of $579.18. Below is a twelve month price history chart comparing the stock performance of CSGP, LBRDA, and TDG: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET Vanguard Mid-Cap Growth ETF VOT $211.53 $236.04 11.58% CoStar Group, Inc. CSGP $809.60 $972.22 20.09% LBRDA $147.74 $175.50 18.79% TransDigm Group Inc TDG $579.18 $657.92 13.59% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-03-31,80.35,83.291,80.017,82.189,
CSGP,2021-04-01,82.955,86.354,82.955,86.138,
CSGP,2021-04-05,86.223,86.223,83.832,84.824,
CSGP,2021-04-06,85.135,86.589,84.219,86.114,
CSGP,2021-04-07,85.764,86.318,84.772,85.988,
CSGP,2021-04-08,86.515,87.955,85.705,87.443,
CSGP,2021-04-09,87.411,88.821,86.982,88.749,
CSGP,2021-04-12,88.691,88.877,87.604,88.749,
CSGP,2021-04-13,89.303,91.319,88.663,90.575,"CoStar Group, Inc.'s (NASDAQ:CSGP) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects? Most readers would already be aware that CoStar Group's (NASDAQ:CSGP) stock increased significantly by 8.4% over the past month. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to CoStar Group's ROE today. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. How Is ROE Calculated? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for CoStar Group is: 4.2% = US$227m ÷ US$5.4b (Based on the trailing twelve months to December 2020). The 'return' is the income the business earned over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.04 in profit. Why Is ROE Important For Earnings Growth? So far, we've learned that ROE is a measure of a company's profitability. Based on how much of its profits the company chooses to reinvest or ""retain"", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. CoStar Group's Earnings Growth And 4.2% ROE When you first look at it, CoStar Group's ROE doesn't look that attractive. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 13% either. However, we we're pleasantly surprised to see that CoStar Group grew its net income at a significant rate of 36% in the last five years. Therefore, there could be other reasons behind this growth. For instance, the company has a low payout ratio or is being managed efficiently. As a next step, we compared CoStar Group's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 16%. NasdaqGS:CSGP Past Earnings Growth April 13th 2021 The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock's future looks promising or ominous. If you're wondering about CoStar Group's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry. Is CoStar Group Using Its Retained Earnings Effectively? Conclusion Overall, we feel that CoStar Group certainly does have some positive factors to consider. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-04-14,90.95,91.001,89.111,89.528,
CSGP,2021-04-15,91.104,93.149,90.696,91.336,
CSGP,2021-04-16,91.194,91.194,89.666,90.493,
CSGP,2021-04-19,90.473,90.684,89.198,89.9,
CSGP,2021-04-20,90.456,91.419,90.102,91.293,"Why AgEagle Aerial Systems Stock Fell 10% in Early Trading Today What happened Shares of drone maker AgEagle Aerial Systems (NYSEMKT: UAVS) fell roughly 10% in the first 90 minutes of trading on April 20. That drop comes a day after the stock rose 7.5% in a roller-coaster session. From a big picture perspective, the ups and downs here aren't that shocking. So what Before the market opened on April 19, AgEagle announced that it had agreed to acquire Measure, which it describes as an aerial intelligence solutions company. Measure's main product is called Ground Control, which is a cloud-based software product that allows for the control of drones. Measure's client list includes companies like Marathon Pipeline, CNN, CoStar Group, LAPD, and Nationwide Insurance. The purchase price was $45 million in stock and cash. Image source: Getty Images. On the surface, this sounds like a decent addition to AgEagle's portfolio, which is probably why investors bid the stock up on the initial news. However, this is its second acquisition this year, and buying businesses requires spending money. In fact, more often than not, the acquiring company in a transaction will see its shares fall. So it's not exactly shocking to see investors go from excited about the prospects for this specific acquisition to wondering about the costs the company is incurring as it goes down the acquisition path. Thus, the stock pulled back. Now what It's been a pretty interesting year for AgEagle stock. Not long ago it was little more than a penny stock, but then there were rumors that it was working with a giant retailer in support of that customer's drone delivery efforts. Although there is a customer and revenues have increased notably because of that customer, the company still hasn't announced what company it is working with. So, in the vacuum, the rumor mill has driven the stock higher and lower. At one point in 2021 it was up by as much as 150%, but it is now down 18% for the year. Notably, the company's first-quarter loss increased year over year, which hasn't helped investor sentiment. Indeed, at this point, AgEagle's shares are probably being driven more by emotion than anything else, suggesting that most long-term investors should be watching this roller-coaster ride and not on it. 10 stocks we like better than AgEagle Aerial Systems Inc When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and AgEagle Aerial Systems Inc wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-04-21,91.448,91.803,90.51,90.925,
CSGP,2021-04-22,90.624,92.577,90.624,91.3,
CSGP,2021-04-23,91.676,93.878,91.467,93.373,
CSGP,2021-04-26,93.247,93.386,92.38,93.328,
CSGP,2021-04-27,93.9,94.349,92.92,93.68,"CoStar Group, Inc. Q1 adjusted earnings Beat Estimates (RTTNews) - Below are the earnings highlights for CoStar Group, Inc. (CSGP): -Earnings: $74.21 million in Q1 vs. $72.79 million in the same period last year. -EPS: $1.88 in Q1 vs. $1.98 in the same period last year. -Excluding items, CoStar Group, Inc. reported adjusted earnings of $108.14 million or $2.75 per share for the period. -Analysts projected $2.40 per share -Revenue: $457.70 million in Q1 vs. $391.85 million in the same period last year. -Guidance: Next quarter EPS guidance: $2.22 - $2.32 Next quarter revenue guidance: $465 - $470 Mln Full year EPS guidance: $11.20 - $11.40 Full year revenue guidance: $1.930 - $1.945 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-04-28,92.23,92.23,84.283,86.216,
CSGP,2021-04-29,86.783,88.336,85.999,87.884,
CSGP,2021-04-30,87.14,87.479,85.362,85.443,"Popular-as-Sex Zillow Group Is Floating On a Speculative Bubble InvestorPlace - Stock Market News, Stock Advice & Trading Tips The housing bubble of the last year has made Zillow Group (NASDAQ:Z) co-founders Rich Barton and Lloyd Frink into billionaires. However, after peaking at nearly $198 per share in February, however, Z stock is making speculators poorer. Source: Shutterstock The way things are going, Zillow stock will end April below $133 a share, taking the market capitalization just below $34 billion on 2020 revenue of $3.34 billion. I am wary of companies selling for 10 times sales, even with a 22% growth rate. Zillow next reports earnings May 4. Analysts expect 24 cents a share of net income on $1.1 billion of revenue. Hitting the numbers would mean growth is accelerating and profits are finally arriving. Is it time for you to get on board? Ads vs. Flipping When I looked at Zillow in 2019 I noted how the company was changing from an ad-based model into a real estate investment play. Zillow Offers, which buys homes based on the company’s “Zestimates” of their value, has since turbocharged growth. Revenue in 2018 was $1.33 billion. In 2019 it was $2.74 billion. In 2020 it was $3.4 billion. To make it happen Zillow took on debt, $1.6 billion at the end of 2020, against $699 million in 2018. 10 of the Top Nasdaq Blue-Chip Stocks to Buy But as Zillow itself has reported, the housing market is on fire. The joke has become real. Stalking house prices is as popular as sex — America is aging, after all. Barton even has a buzzword to describe what’s happening. He calls it the “great reshuffling.” Real estate prices are zooming thanks to high supply and low demand. But Zillow is benefitting most from this as a player, not a newspaper. Rising Leverage Analysts seem to have awakened to how leveraged Zillow now is to rising home prices. Of five analysts following the stock as tracked by TipRanks, only one is telling you to buy it. This is true even through their average target price is 39% higher than the stock’s current price. It tells me their confidence in that target is wavering. Our Faisal Humayan recently profiled Zillow as one of “7 stocks to sell for May.” He noted that it had earnings before income taxes, depreciation and amortization (EBITDA) of $556 million last year, while the home buying segment had a $242 million EBITDA loss. If anything, Zillow is becoming more leveraged to being a player in the real estate game. It bought ShowingTime, which automates the process of showing homes, for $500 million. It opened Zillow Homes, a traditional real estate brokerage business, in September. Rising Competition Business abhors a vacuum. Real estate is no exception. CoStar Group (NASDAQ:CSGP), which had been focused on commercial real estate, with a market cap even equal to Zillow’s, has bought Homes.Com. It has also bought Homesnap, a marketing platform for real estate agents. It already owned Apartments.Com and RentPath, which list rental property. The last time Zillow faced this kind of competition, they bought it, acquiring Trulia in 2015. CoStar is too big to buy. The Bottom Line I can’t tell you when the current real estate bubble will burst. The last major break came in the 1970s, when rising oil prices sent mortgage rates into the teens. Inflation and interest rates are rising today. But I’d have more concern over changing demographics. The number of people starting families is dropping. Even a small hiccup in the market could hit Zillow hard. Zillow Offers and Zillow Homes mean it’s highly leveraged to rising prices. Then there’s the new competition from CoStar, much stiffer than that from News Corp’s (NASDAQ:NWS) Realtor.com. I wouldn’t buy Zillow for 10 times revenue. The recent downturn was fully justified. At the time of publication, Dana Blankenhorn directly owned no shares, directly or indirectly, in any company mentioned in this article. Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com, tweet him at @danablankenhorn, or subscribe to his Substack newsletter. The post Popular-as-Sex Zillow Group Is Floating On a Speculative Bubble appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-05-03,86.616,86.859,84.661,85.891,"Implied MMLG Analyst Target Price: $28 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Multi-Manager Large Growth ETF (Symbol: MMLG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $28.07 per unit. With MMLG trading at a recent price near $25.55 per unit, that means that analysts see 9.84% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of MMLG's underlying holdings with notable upside to their analyst target prices are Fiverr International Ltd (Symbol: FVRR), CoStar Group, Inc. (Symbol: CSGP), and DoorDash Inc (Symbol: DASH). Although FVRR has traded at a recent price of $208.07/share, the average analyst target is 19.55% higher at $248.75/share. Similarly, CSGP has 18.08% upside from the recent share price of $854.43 if the average analyst target price of $1008.89/share is reached, and analysts on average are expecting DASH to reach a target price of $168.38/share, which is 17.60% above the recent price of $143.17. Below is a twelve month price history chart comparing the stock performance of FVRR, CSGP, and DASH: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET First Trust Multi-Manager Large Growth ETF MMLG $25.55 $28.07 9.84% Fiverr International Ltd FVRR $208.07 $248.75 19.55% CoStar Group, Inc. CSGP $854.43 $1008.89 18.08% DoorDash Inc DASH $143.17 $168.38 17.60% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-05-04,84.801,85.666,84.422,85.032,
CSGP,2021-05-05,85.462,85.634,82.962,83.399,"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. That transition makes it hard for investors to know what to expect from many businesses this year. 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. They are all pushing the limits of what investors have ever been wiling to pay based on traditional metrics. Image source: Getty Images. 1. Target The pandemic may have changed how customers view retail big-box stores forever. As the virus spread last year, local governments' forced closures of many small businesses funneled shoppers to destinations like Target, Walmart, and Home Depot. Remaining open helped those megastores capture market share and accelerate their online operations. Target's full-year results tell the story of a year like no other. The company delivered $92.3 billion in sales in 2020. That was $15.3 billion more than 2019. In fact, the $15 billion increase is more than the past 11 years of growth combined. Digital sales grew 145% year over year. Those trends will have to persist if Target is going to justify the current price-to-sales (P/S) ratio of 1.14. The stock traded between 0.5 and 0.9 in the years before the pandemic. Even the forward price-to-earnings (P/E) ratio sits near 25. That's a full third higher than its five-year average. Just because a stock is overvalued doesn't mean it will fall. Target is a great business, and it performed well over the past year. However, based on life returning to normal and how the company typically performs, shareholders might have to wait several years before the business performance catches up to the stock price. 2. Boston Beer In addition to online shopping, something else people did a lot more of in 2020 was consume alcohol. Boredom, depression, and anxiety all contributed to the uptick. Historically, traumatic events such as Hurricane Katrina and 911 have induced more drinking. The pandemic joined that list in 2020. The purveyor of Sam Adams, Angry Orchard, and Truly hard seltzer benefited from the increased demand. Depletions -- end sales to retail customers -- rose 37% year over year. Revenue came in at $1.7 billion, up 39%. Truly was a standout, delivering triple-digit volume growth for the year. The trends continued through the first quarter of 2021, with revenue up 65% and depletions rising 48%. That amazing performance probably needs to continue for shareholders to benefit. Growth over the past decade has been a cycle of boom and bust and boom again. The cyclicality has been driven by new product introductions. That's why its sales growth resembles a movie studio with a series of hits and bombs at the box office. Annual revenue growth has ranged from a 6% decline to the pandemic-soaked 39% in 2020. The average over that decade has been roughly 14%. During that span, the P/S ratio has been as low as two and as high as eight. It currently sits at seven. For shareholders to be rewarded, not only will the business have to keep performing like it did during a once in a century event, but investors will also have to remain willing to pay nearly the highest premium they ever have. Like Target, Boston Beer is a wonderful company with excellent leadership. However, the stock has likely already priced in a best case scenario having risen about 200% since the beginning of 2020. Over the very long term, the stock may outperform the market. Achieving that over the next few years will be a tough hurdle to clear from its current price. 3. CoStar Group One segment of the economy that everyone seemed to agree would suffer during the pandemic was commercial real estate. CoStar, the commercial real estate data provider and operator of online marketplaces Loopnet.com and Apartments.com, is challenging that theory. For 2020, the company's revenue increased 19% to $1.66 billion. Management has offered 2021 guidance for $1.93 billion to $1.945 billion, representing 17% growth. The company held up surprisingly well throughout last year, posting double-digit revenue growth in each quarter. QUARTER REVENUE YOY REVENUE GROWTH Q1 2021 $458 million 17% Q4 2020 $444 million 19% Q3 2020 $426 million 21% Q2 2020 $397 million 16% Q1 2020 $392 million 19% Data Source: CoStar Group; YoY = year-over-year. CoStar is another great business that is probably priced for performance beyond what it can deliver. The company generates a tremendous amount of free cash flow (FCF) -- cash left over after running the operation and investing. In the past few years it has converted about $0.26 of every dollar in sales to FCF. That's similar to Facebook, an awesome cash producer. Like Target and Boston Beer, the problem comes with the valuation. With a few brief exceptions, CoStar has traded for between 40 and 70 times that FCF over the past eight years. Today, the multiple is 84. Even using management's estimate for 2021 revenue and the historical ratio of FCF to sales puts the metric at 66 looking a year out. To grow into that valuation, CoStar will need to keep increasing sales. One obvious path was nixed last year when the Federal Trade Commission sued to block its acquisition of the owner of Rent.com and Apartment Guide. Given management's guidance and the current market cap, it won't be until sometime in 2023 that stock reaches the midpoint of its historical price-to-FCF range. That's a long time to wait for what would seem like fair value, even for a wonderful business. 10 stocks we like better than Target When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Target wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jason Hawthorne has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Boston Beer, Facebook, and Home Depot. The Motley Fool recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-05-06,83.478,83.478,81.684,82.061,
CSGP,2021-05-07,83.014,85.758,82.201,85.067,
CSGP,2021-05-10,85.359,85.722,83.627,83.972,
CSGP,2021-05-11,82.2,85.307,82.142,84.749,
CSGP,2021-05-12,84.333,84.333,81.466,81.869,
CSGP,2021-05-13,82.608,82.608,80.516,81.081,"Here's Why CoStar Group (NASDAQ:CSGP) Can Manage Its Debt Responsibly Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. We can see that CoStar Group, Inc. (NASDAQ:CSGP) does use debt in its business. But the real question is whether this debt is making the company risky. When Is Debt Dangerous? Generally speaking, debt only becomes a real problem when a company can't easily pay it off, either by raising capital or with its own cash flow. In the worst case scenario, a company can go bankrupt if it cannot pay its creditors. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. By replacing dilution, though, debt can be an extremely good tool for businesses that need capital to invest in growth at high rates of return. When we examine debt levels, we first consider both cash and debt levels, together. How Much Debt Does CoStar Group Carry? You can click the graphic below for the historical numbers, but it shows that as of March 2021 CoStar Group had US$987.0m of debt, an increase on US$745.0m, over one year. However, it does have US$3.69b in cash offsetting this, leading to net cash of US$2.70b. NasdaqGS:CSGP Debt to Equity History May 13th 2021 How Strong Is CoStar Group's Balance Sheet? The latest balance sheet data shows that CoStar Group had liabilities of US$290.1m due within a year, and liabilities of US$1.20b falling due after that. On the other hand, it had cash of US$3.69b and US$109.8m worth of receivables due within a year. So it actually has US$2.31b more liquid assets than total liabilities. This surplus suggests that CoStar Group has a conservative balance sheet, and could probably eliminate its debt without much difficulty. Simply put, the fact that CoStar Group has more cash than debt is arguably a good indication that it can manage its debt safely. On the other hand, CoStar Group saw its EBIT drop by 9.1% in the last twelve months. That sort of decline, if sustained, will obviously make debt harder to handle. The balance sheet is clearly the area to focus on when you are analysing debt. But ultimately the future profitability of the business will decide if CoStar Group can strengthen its balance sheet over time. So if you're focused on the future you can check out this free report showing analyst profit forecasts. Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. While CoStar Group has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. Happily for any shareholders, CoStar Group actually produced more free cash flow than EBIT over the last three years. That sort of strong cash generation warms our hearts like a puppy in a bumblebee suit. Summing up While we empathize with investors who find debt concerning, you should keep in mind that CoStar Group has net cash of US$2.70b, as well as more liquid assets than liabilities. The cherry on top was that in converted 107% of that EBIT to free cash flow, bringing in US$267m. So is CoStar Group's debt a risk? It doesn't seem so to us. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it. For example, we've discovered 3 warning signs for CoStar Group that you should be aware of before investing here. When all is said and done, sometimes its easier to focus on companies that don't even need debt. Readers can access a list of growth stocks with zero net debt 100% free, right now. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-05-14,81.834,82.813,81.283,82.19,
CSGP,2021-05-17,82.292,82.292,80.935,81.796,
CSGP,2021-05-18,81.591,84.044,80.725,81.855,
CSGP,2021-05-19,80.737,82.969,80.737,82.906,
CSGP,2021-05-20,83.379,85.457,83.24,84.188,
CSGP,2021-05-21,85.106,85.963,83.63,83.869,"iShares U.S. Real Estate ETF Experiences Big Outflow Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Real Estate ETF (Symbol: IYR) where we have detected an approximate $226.5 million dollar outflow -- that's a 4.3% decrease week over week (from 53,150,000 to 50,850,000). Among the largest underlying components of IYR, in trading today Simon Property Group, Inc. (Symbol: SPG) is up about 0.4%, CoStar Group, Inc. (Symbol: CSGP) is up about 0.5%, and SBA Communications Corp (Symbol: SBAC) is lower by about 0.8%. For a complete list of holdings, visit the IYR Holdings page » The chart below shows the one year price performance of IYR, versus its 200 day moving average: Looking at the chart above, IYR's low point in its 52 week range is $72.46 per share, with $99.745 as the 52 week high point — that compares with a last trade of $98.37. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ». Free Report: Top 7%+ Dividends (paid monthly) Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-05-24,84.586,84.899,83.8,84.433,
CSGP,2021-05-25,84.858,85.824,84.511,84.989,
CSGP,2021-05-26,85.094,85.285,83.502,85.042,
CSGP,2021-05-27,85.161,85.585,84.066,84.483,"We Think Some Shareholders May Hesitate To Increase CoStar Group, Inc.'s (NASDAQ:CSGP) CEO Compensation CEO Andy Florance has done a decent job of delivering relatively good performance at CoStar Group, Inc. (NASDAQ:CSGP) recently. This is something shareholders will keep in mind as they cast their votes on company resolutions such as executive remuneration in the upcoming AGM on 02 June 2021. However, some shareholders may still be hesitant of being overly generous with CEO compensation. How Does Total Compensation For Andy Florance Compare With Other Companies In The Industry? Our data indicates that CoStar Group, Inc. has a market capitalization of US$34b, and total annual CEO compensation was reported as US$21m for the year to December 2020. We note that's an increase of 10% above last year. We think total compensation is more important but our data shows that the CEO salary is lower, at US$800k. In comparison with other companies in the industry with market capitalizations over US$8.0b , the reported median total CEO compensation was US$12m. Hence, we can conclude that Andy Florance is remunerated higher than the industry median. Moreover, Andy Florance also holds US$63m worth of CoStar Group stock directly under their own name, which reveals to us that they have a significant personal stake in the company. Component 2020 2019 Proportion (2020) Salary US$800k US$792k 4% Other US$21m US$19m 96% Total Compensation US$21m US$19m 100% Talking in terms of the industry, salary represented approximately 23% of total compensation out of all the companies we analyzed, while other remuneration made up 77% of the pie. Interestingly, the company has chosen to go down an unconventional route in that it pays a smaller salary to Andy Florance as compared to non-salary compensation over the one-year period examined. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance. NasdaqGS:CSGP CEO Compensation May 27th 2021 A Look at CoStar Group, Inc.'s Growth Numbers Over the past three years, CoStar Group, Inc. has seen its earnings per share (EPS) grow by 9.6% per year. It achieved revenue growth of 18% over the last year. We think the revenue growth is good. And the improvement in EPSis modest but respectable. So while we'd stop just short of calling this a top performer, but we think it is well worth watching. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings.. Has CoStar Group, Inc. Been A Good Investment? We think that the total shareholder return of 123%, over three years, would leave most CoStar Group, Inc. shareholders smiling. As a result, some may believe the CEO should be paid more than is normal for companies of similar size. In Summary... CoStar Group primarily uses non-salary benefits to reward its CEO. The company's decent performance might have made most shareholders happy, possibly making CEO remuneration the least of the concerns to be discussed in the upcoming AGM. However, any decision to raise CEO pay might be met with some objections from the shareholders given that the CEO is already paid higher than the industry average. CEO compensation is a crucial aspect to keep your eyes on but investors also need to keep their eyes open for other issues related to business performance. That's why we did some digging and identified 2 warning signs for CoStar Group that investors should think about before committing capital to this stock. Switching gears from CoStar Group, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-05-28,85.262,86.093,84.601,85.4,
CSGP,2021-06-01,85.816,86.297,84.777,85.435,
CSGP,2021-06-02,85.784,86.22,84.0,84.586,
CSGP,2021-06-03,84.036,84.311,83.299,83.615,
CSGP,2021-06-04,83.896,84.479,83.356,84.1,
CSGP,2021-06-07,83.603,83.988,82.534,82.794,"CoStar Group Says In No Way Associated, Related Or Linked To Chinese Firm CoStar - Quick Facts (RTTNews) - CoStar Group, Inc. (CSGP), the provider of commercial real estate information, issued a statement on Monday clarifying that it is in no way associated, related or linked to Chinese firm CoStar Group Co., Ltd., a company principally engaged in the research, development, design, manufacture, processing and sales of optical parts and components. CoStar Group, Inc.'s clarification is a response to the Biden Administration's June 3, 2021 Executive Order expanding restrictions on American investments in 59 Chinese companies with alleged associations to the Chinese defense sector. Among the list of companies was Chinese firm, CoStar Group Co., Ltd. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-06-08,83.096,84.834,83.096,84.553,
CSGP,2021-06-09,85.0,85.387,84.73,84.831,
CSGP,2021-06-10,85.219,86.128,85.1,85.689,
CSGP,2021-06-11,85.873,87.152,85.535,86.975,
CSGP,2021-06-14,87.584,88.957,87.209,87.977,
CSGP,2021-06-15,88.354,89.329,86.544,86.844,
CSGP,2021-06-16,86.887,87.776,86.613,87.136,
CSGP,2021-06-17,86.945,89.707,86.654,89.359,
CSGP,2021-06-18,88.918,89.406,87.469,87.895,
CSGP,2021-06-21,88.424,90.988,87.744,90.098,
CSGP,2021-06-22,90.167,91.022,89.822,90.672,
CSGP,2021-06-23,90.372,90.574,88.874,89.045,
CSGP,2021-06-24,89.192,89.6,87.125,87.824,
CSGP,2021-06-25,87.6,88.789,86.933,88.265,
CSGP,2021-06-28,88.2,88.65,84.41,84.92,"What Is CoStar Group, Inc.'s (NASDAQ:CSGP) Share Price Doing? CoStar Group, Inc. (NASDAQ:CSGP) saw a decent share price growth in the teens level on the NASDAQGS over the last few months. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Let’s examine CoStar Group’s valuation and outlook in more detail to determine if there’s still a bargain opportunity. Is CoStar Group still cheap? What kind of growth will CoStar Group generate? NasdaqGS:CSGP Earnings and Revenue Growth June 28th 2021 Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for CoStar Group. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. What this means for you: Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. You'd be interested to know, that we found 2 warning signs for CoStar Group and you'll want to know about them. If you are no longer interested in CoStar Group, you can use our free platform to see our list of over 50 other stocks with a high growth potential. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-06-29,85.6,85.94,82.9,83.29,
CSGP,2021-06-30,83.55,83.9,82.44,82.82,
CSGP,2021-07-01,83.42,84.65,82.7,83.25,
CSGP,2021-07-02,84.04,84.25,82.48,82.58,
CSGP,2021-07-06,82.7,83.99,82.07,83.58,
CSGP,2021-07-07,84.0,86.14,83.3,85.83,
CSGP,2021-07-08,84.76,86.49,84.23,85.08,
CSGP,2021-07-09,85.26,86.36,85.04,86.28,
CSGP,2021-07-12,86.61,86.75,85.44,86.04,
CSGP,2021-07-13,86.02,86.57,85.21,85.23,
CSGP,2021-07-14,85.35,86.445,85.04,85.87,
CSGP,2021-07-15,85.88,87.76,85.54,87.33,
CSGP,2021-07-16,87.36,88.2,86.43,87.35,
CSGP,2021-07-19,87.12,87.18,85.6,85.99,"The Trade Desk Has More Gas in the Tank Despite Frothy Valuation InvestorPlace - Stock Market News, Stock Advice & Trading Tips On July 14, I wrote a seven-stock gallery piece about companies I thought would do well in the second half of 2021. Included on my list was The Trade Desk (NASDAQ:TTD) and TTD stock. Source: Tada Images / Shutterstock.com One of the reasons I mentioned including TTD on my list was its seven-year streak of keeping its customer retention rate above 95%. But that’s not the only attractive quality. Here are five more that jump out at me. A 10-for-1 TTD Stock Split According to Fidelity Investments, there was four stock splits in June. TTD was one of them. It split its stock on a 10-for-1 basis on June 17. 7 A-Rated Retirement Stocks to Buy to for Your Golden Years Funnily enough, there was a second 10-for-1 split in June. CoStar Group (NASDAQ:CSGP), a leading commercial real estate information and data provider, split its shares on June 28. The two other stock splits were Neogen (NASDAQ:NEO). It went 2-for-1 on June 7. CSX (NASDAQ:CSX) split on a 3-for-1 basis on June 29. I mention The Trade Desk’s stock split because it’s an indication of management confidence. In late May, Bloomberg published an article about stock splits making a comeback. The article noted that Nvidia’s (NASDAQ:NVDA) 4-for-1 split was the eighth S&P 500 company to do so in the past year. “A lot of investing is driven by psychology,” Kevin Walkush, a portfolio manager with Jensen Investment Management, told Bloomberg. “Now, rather than a retail investor facing the challenge of buying a fractional share, a stock split means they can buy it outright. It just opens up the market that much more for retail investors.” No one knows this more than Neil Macneale, the creator of the 2 for 1 Index, a collection of 25-30 equal-weighted stocks that have carried out a recent split. Over the past 24 years, the index has achieved an annualized return of 12.49%. So, if you invested $10,000 in the index at the index’s inception, today you’d have $168,552. If you believe in the power of stock splits, as I do, and Neil really does, you’ll want to own TTD for the long haul. It Went Public for $18 To begin my research for this article, I looked at TTD’s initial public offering (IPO) prospectus. It sold 4.67 million shares on Sep. 20, 2016, at $18 a share. Currently trading at $71.75 as I write this, I thought for a minute that I’d made a mistake in my gallery article suggesting TTD stock had gained 2,100% since its IPO. However, anyone with a little math skill can quickly calculate that appreciating from $18 to $71.75 is not a 2,100% gain. Ah, but there’s that split from the previous section. Based on the 10-for-1, the actual appreciation calculation should use $1.80 or 1/10th of the IPO price. The actual compound annual growth rate since its IPO is 117.3%. So a $10,000 investment in its IPO is today worth $399,056. No wonder founder and Chief Executive Officer Jeff Green’s 46.2 million shares (post-split) are worth $3.3 billion. The reality is that when The Trade Desk went public in 2016, it had $113.8 million in sales and an operating profit of $38.0 million. In fiscal 2020, it had sales of $836 million and an operating profit of $144.2 million. Less than five years later, it makes more operating profits than it did in sales in 2015. More importantly, it’s still growing at a brisk pace. In Q1 2021, its sales grew 37% year-over-year. In terms of adjusted income, its profits grew by 61%. Financially, TTD has never been stronger. It finished the first quarter with a trailing 12-month net cash position of $400 million. The Bottom Line On July 7, The Trade Desk announced the launch of TD7, the company’s internal venture capital arm. The name is derived from the $7 million in venture capital TTD originally required to become profitable. TD7 is looking for tech innovators. It’s already found its first investment in Chalice, a company that’s working on new ways to utilize algorithmic ad buying. Shareholders can look forward to learning about Chalice’s progress in the weeks and months ahead. However, by almost every valuation metric, TTD stock isn’t cheap. Currently trading at 40.6x sales and 85x cash flow, you will have to be patient if you buy at these prices. But buy, you should, putting aside a little cash in case it falls below $60 as it did in May. On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. The post The Trade Desk Has More Gas in the Tank Despite Frothy Valuation appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-07-20,86.28,88.86,86.1,88.1,
CSGP,2021-07-21,88.17,88.95,87.65,88.84,
CSGP,2021-07-22,88.66,89.57,88.21,89.16,
CSGP,2021-07-23,89.5,90.26,89.06,89.97,
CSGP,2021-07-26,89.8,89.84,89.12,89.27,
CSGP,2021-07-27,88.93,89.579,87.51,89.02,"[""CoStar Group, Inc. Q2 adjusted earnings Beat Estimates (RTTNews) - Below are the earnings highlights for CoStar Group, Inc. (CSGP): -Earnings: $61 million in Q2 vs. $60 million in the same period last year. -EPS: $0.16 in Q2 vs. $0.16 in the same period last year. -Excluding items, CoStar Group, Inc. reported adjusted earnings of $103 million or $0.26 per share for the period. -Analysts projected $0.23 per share -Revenue: $480 million in Q2 vs. $397 million in the same period last year. -Guidance: Next quarter EPS guidance: $0.22 - $0.23 Next quarter revenue guidance: $49 - $500 Mln Full year EPS guidance: $1.04 - $1.06 Full year revenue guidance: $1.940 - $1950 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Q2 21 Earnings Conference Call At 5:00 PM ET (RTTNews) - CoStar Group, Inc. (CSGP) will host a conference call at 5:00 PM ET on July 27, 2021, to discuss Q2 21 earnings results. CoStar Group is scheduled to report results on Tuesday, July 27, before market open. To access the live webcast, log on to https://investors.costargroup.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""After-Hours Earnings Report for July 27, 2021 : AAPL, MSFT, GOOG, GOOGL, V, SBUX, AMD, SYK, MDLZ, CB, CSGP, EQR The following companies are expected to report earnings after hours on 07/27/2021. Visit our Earnings Calendar for a full list of expected earnings releases. Apple Inc. (AAPL)is reporting for the quarter ending June 30, 2021. The computer company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.00. This value represents a 56.25% increase compared to the same quarter last year. In the past year AAPL has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 40%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for AAPL is 28.71 vs. an industry ratio of 45.60. Microsoft Corporation (MSFT)is reporting for the quarter ending June 30, 2021. The computer software company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.90. This value represents a 30.14% increase compared to the same quarter last year. In the past year MSFT has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 10.8%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for MSFT is 37.49 vs. an industry ratio of 53.60. Alphabet Inc. (GOOG)is reporting for the quarter ending June 30, 2021. The internet services company's consensus earnings per share forecast from the 14 analysts that follow the stock is $19.89. This value represents a 96.35% increase compared to the same quarter last year. In the past year GOOG has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 67.88%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for GOOG is 30.98 vs. an industry ratio of 78.80. Alphabet Inc. (GOOGL)is reporting for the quarter ending June 30, 2021. The internet services company's consensus earnings per share forecast from the 14 analysts that follow the stock is $19.89. This value represents a 96.35% increase compared to the same quarter last year. In the past year GOOGL has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 67.88%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for GOOGL is 29.74 vs. an industry ratio of 78.80. Visa Inc. (V)is reporting for the quarter ending June 30, 2021. The financial transactions company's consensus earnings per share forecast from the 15 analysts that follow the stock is $1.33. This value represents a 25.47% increase compared to the same quarter last year. In the past year V has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 9.52%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for V is 44.53 vs. an industry ratio of 38.90, implying that they will have a higher earnings growth than their competitors in the same industry. Starbucks Corporation (SBUX)is reporting for the quarter ending June 30, 2021. The restaurant company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.77. This value represents a 267.39% increase compared to the same quarter last year. In the past year SBUX has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 19.23%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for SBUX is 42.30 vs. an industry ratio of -65.00, implying that they will have a higher earnings growth than their competitors in the same industry. Advanced Micro Devices, Inc. (AMD)is reporting for the quarter ending June 30, 2021. The electric company company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.48. This value represents a 269.23% increase compared to the same quarter last year. In the past year AMD has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 23.68%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for AMD is 48.07 vs. an industry ratio of 82.50. Stryker Corporation (SYK)is reporting for the quarter ending June 30, 2021. The medical products company's consensus earnings per share forecast from the 12 analysts that follow the stock is $2.12. This value represents a 231.25% increase compared to the same quarter last year. SYK missed the consensus earnings per share in the 1st calendar quarter of 2021 by -2.53%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for SYK is 28.71 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. Mondelez International, Inc. (MDLZ)is reporting for the quarter ending June 30, 2021. The food company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.66. This value represents a 4.76% increase compared to the same quarter last year. In the past year MDLZ has met analyst expectations twice and beat the expectations the other two quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for MDLZ is 22.13 vs. an industry ratio of 14.30, implying that they will have a higher earnings growth than their competitors in the same industry. Chubb Limited (CB)is reporting for the quarter ending June 30, 2021. The insurance (property & casualty) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.96. This value represents a 628.57% increase compared to the same quarter last year. CB missed the consensus earnings per share in the 3rd calendar quarter of 2020 by -7.41%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CB is 14.60 vs. an industry ratio of 19.50. CoStar Group, Inc. (CSGP)is reporting for the quarter ending June 30, 2021. The information technology services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.20. This value represents a 9.09% decrease compared to the same quarter last year. In the past year CSGP has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 19.05%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CSGP is 90.17 vs. an industry ratio of 35.50, implying that they will have a higher earnings growth than their competitors in the same industry. Equity Residential (EQR)is reporting for the quarter ending June 30, 2021. The reit company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.70. This value represents a 18.60% decrease compared to the same quarter last year. EQR missed the consensus earnings per share in the 3rd calendar quarter of 2020 by -6.1%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for EQR is 30.28 vs. an industry ratio of 24.30, implying that they will have a higher earnings growth than their competitors in the same industry. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2021-07-28,80.0,87.26,80.0,86.95,"[""Why CoStar Group Stock Is Falling Today What happened Shares of CoStar Group (NASDAQ: CSGP) were down more than 6% this morning after the company reported earnings yesterday afternoon. Although the company raised revenue guidance for the full year, expenses related to its acquisition of residential marketplace Homes.com is causing it to lower its projections for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Image source: Getty Images. So what The reduced guidance is especially disconcerting after management raised its projections during its first-quarter update. For now, CoStar management deserves the benefit of the doubt. The purchase of Homes.com was a follow-up to CoStar's acquisition of Homesnap, a tool for managing workflow and marketing. Both deals are part of its strategy to expand in the massive residential real estate market. It will need to succeed to match its historical growth rates. CoStar -- a provider of information, analytics, and marketing services to the commercial property industry -- has posted annual increases in revenue and net income of 22% and 33%, respectively, over the past decade. Now what Along with the long-term business performance, shares delivered 1,380% gains over the the past decade. That's no consolation for recent shareholders. The stock has trailed the broader indexes so far this year. ^DJI data by YCharts. On the conference call, CEO Andrew Florance stated that the company was still in line to hit a 2023 target of 40% EBITDA margins. He did acknowledged the uncertainty between now and then, as the world returns to normal and workers begin going back to offices. With net new bookings up 47% over last year and visitors to the company's websites up 45%, any hiccups related to integration are likely to be short-lived. For long-term investors, past declines have been an opportunity. That will likely prove true about today's drop. 10 stocks we like better than CoStar Group When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Jason Hawthorne has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, inc (CSGP) Q2 2021 Earnings Call Transcript Image source: The Motley Fool. CoStar Group, inc (NASDAQ: CSGP) Q2 2021 Earnings Call Jul 27, 2021, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and thank you for standing by. Welcome to the Q2 2021 CoStar Group Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to your host, Mr. Bill Warmington, Vice President of Investor Relations. You may now begin. 10 stocks we like better than CoStar Group When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Bill Warmington -- Vice President of Investor Relations. Thank you, Chris. Good evening, and thank you all for joining us to discuss the second quarter 2021 results of the CoStar Group. Before I turn the call over to Andy Florance, CoStar's CEO and Founder, and Scott Wheeler, our CFO, I would like to review our safe harbor statement. Certain portions of the discussion today may contain forward-looking statements, including the company's outlook and expectations for the third quarter and full year 2021. Forward-looking statements involve many risks, uncertainties, assumptions, estimates and other factors that can cause actual results to differ materially from such statements. Important factors that can cause actual results to differ include, but are not limited to, those stated in CoStar -- CoStar Group's press release issued earlier today and in our filings with the SEC, including our most recent annual report on Form 10-K and quarterly report on Form 10-Q under the heading Risk Factors. All forward-looking statements are based on information available to CoStar on the date of this call, CoStar assumes no obligation to update these statements, whether as a result of new information, future events or otherwise. Reconciliation to the most directly comparable GAAP measures of the non-GAAP financial measures discussed on this call include EBITDA, adjusted EBITDA, non-GAAP net income and forward-looking non-GAAP guidance are shown in the detail in our press release issued today, along with definitions for those terms. The press release is available on our website located at costargroup.com under Press Room. As a reminder, today's call is being webcast, and the link is also available on our website under Investors. Please refer to today's press release on how to access the replay of this call. And with that, I would like to turn the call over to our Founder and CEO, Andy Florance. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thank you, Bill. Good evening, everyone. Good morning to our Asia Pac employees, and thank you for joining us for CoStar Group's Second Quarter 2021 Earnings Call. Total revenue for the second quarter of 2021 grew 21% year-over-year to $480 million, ahead of the $470 million high end of our guidance range. Net bookings of $50 million, $51 million were up 47% year-over-year, and adjusted EBITDA of $150 million was well above the $135 million high end of our guidance range. CoStar Group saw a substantial increase in the demand for the information on our marketplace as evidenced by a 47% year-over-year increase in unique visitors. In total, almost 30 million more people visited CoStar Group websites in the second quarter of 2021 than did the same quarter a year ago. We believe that growth in marketplace audience is a leading indicator of future growth in marketplace subscription revenue. Leading the results, CoStar Suite had its strongest new bookings quarter in years. CoStar Suite bookings in the second quarter of 2021 grew 19% sequentially and and we're almost 10 times last year's level at the start of the pandemic. As a result, we expect CoStar Suite organic revenue to return to double digits by the fourth quarter of this year. well ahead of our expectations just six months ago. The commercial real estate economy is a tale of two cities with examples of both strengths and weaknesses in key indicators. Overall, it feels like the heat economy is driving solid demand for CoStar Suite. CoStar Suites quarterly renewal rate for the second quarter of 2021 reached an impressive multiyear high at 94.5%. That's extraordinarily high. This high renewal rate is all the more impressive because it does not exclude the solutions of commercial real estate firms as principles and companies normally retire cease operations. I believe the renewal rate for those clients that remain in business could be approaching 98% plus. Historically, we have sold CoStar on a module basis offering clients modules covering basic property information, comparable sales, tenant information and various geographical modules covering cities, states or countries. Clients buying just a few product modules for just one geography, we're only getting a fraction of the value we could offer them. As we've grown and as we continue to expand internationally, it requires more and more effort to offer our products as limited modules. Reversely, that cost us more money to offer clients less. Effective this month, we started selling only the full global CoStar Suite product to new clients, which we now simply call CoStar. The CoStar sales team's primary focus is now upselling our existing clients who currently subscribe to less than our full product to the full product. There are approximately 18,000 client firms with partial coverage for our sales team to upsell. Through Friday, early days, early stage of the effort, 553 clients have upgraded their CoStar service, generating $111,000 in incremental monthly revenue an average increase per client of about $200 per month. We expect the upsell process to generate $30 million to $40 million in incremental annual revenue with encouraging initial results leaning toward the higher end of that range. These upgrades were more than just an incremental revenue generator. We believe our clients are overwhelmingly more satisfied after the upgrade as evidenced by increasing Net Promoter Scores. We believe that this may result in even higher renewal rates, if that's possible. Of the almost 300 clients surveyed by our quality assurance team actually upgrader had a conversion, conversation about upgrading roughly 2/3 gave us a Net Promoter Score of nine or 10. Clients certainly didn't see this upsell as a cost increase they see it as a value-add to their business. In the first quarter of this year, we integrated CMBS data into CoStar. We have received very positive feedback from our clients on the value of this new content. Since the launch of the CMBS data, our clients have used that detailed loan and financial data extensively with about 45,000 users accessing the data over 0.5 million times. Later this year, we plan to launch CMBS Analytics, which aggregates CMBS loan and property data by property type across more than 1,000 markets. CMBS Analytics will include loan origination metrics distressed loan levels, maturity volumes as well as detailed revenue expense information. In later releases, we plan to include detailed prepayment information and over 150,000 disposed loans. We estimate that CMBS data has already generated over $1 million of net new annual revenue year-to-date. Over half of that revenue signing was in the last month of the second quarter and monthly sales continue to increase. We're also hard at work on a CoStar solution for lenders that leverages the expertise we've developed with CoStar Risk Analytics to support lenders with risk management, underwriting surveillance and compliance through the CoStar product. CoStar lender is progressing as anticipated with plans for a full release in the first quarter of 2022. The first lender release will focus on portfolio risk analytics and surveillance to help lenders meet regulatory and accounting requirements. Subsequent releases will focus on loan origination and underwriting. We believe these tools have the potential to become the standard for regulatory reporting in the U.S. That said, these lender tools are specialized, high-value applications and so will be priced at a premium to our standard CoStar offering. In April, we released the first international version of CoStar. This new release integrated our databases for the U.K., U.S. and Canada into one system. In addition, we loaded basic information on hundreds of thousands of additional buildings across 200 countries that we obtained through our acquisition of Emporis in October of 2020. In the 60 days since we launched this international product, about 10,000 CoStar users have viewed properties outside their home country 4.6 million times. We view this as a confirmation of our clients' need for cross-border property information. We know that trillions of dollars of capital across the borders to invest in commercial real estate annually, and that global corporations have up to one million facilities internationally. We recently gathered a dozen senior CoStar leaders in -- for a week-long Summit to evaluate and plan our international growth strategy. Obviously, Iceland is one of the few places where staff for multiple countries can gather without a weaker corn tenets a good spot to meet. We believe there's a clear opportunity to expand CoStar into 50 additional countries over time. We believe we can win tens of thousands of new customers and create much more value for many of our existing clients. We believe that international expansion presents a unique opportunity to leverage our scale and expertise. And we're really excited about that opportunity. Beyond CMBS, CoStar lenders, student housing, international and hospitality information, we have over 100 additional product enhancements that we have in planning for CoStar over the next five years. We believe that these future enhancements will help us win more customers, sell more to our existing customers and increase the value of our service to existing customers. Given the strength we see in CoStar renewals and sales as well as our clients' good performance, we are restarting annual price adjustments on CoStar contract renewals in September of this year. LoopNet revenue in the second quarter of 2021 grew 18% year-over-year, driven primarily by a 71% growth in our diamond platinum and gold adds that provide unparalleled exposure and branding benefits for our clients. We also saw LoopNet net new sales growth accelerate 36% from the first quarter of 2021. In the quarter, LoopNet earned the highest renewal rate of annual contracts that we've seen in years and possibly ever. We have launched a broad-based marketing campaign to enhance LoopNet's brand, increase our visibility and support our clients who own office properties and their need to bring people back to the workplace. The campaign also serves as a message to the commercial real estate audience that LoopNet is a high-value marketplace, connecting premier properties with the most valuable tenants and investors. I hope many of you have seen the LoopNet space for Dreams advertisements broadcaster in the PGA Championship for the U.S. Open. Or you may have seen the ads airing during prime time at CNN, NBC News, MSNBC, CNBC and many other leading media outlets. In May and June, we delivered over one billion high-value media impressions across TV, streaming and social channels. I believe that these pieces are both well done and very well received. Office vacancy rates remain elevated by historical standards, and LoopNet is uniquely positioned as the ideal marketplace for brokers and owners to market to help fill those painful vacancies. We believe LoopNet with almost 20 times more traffic than our closest competitor is the best commercial real estate marketing solution available. Our space for Dreams advertising campaign, coupled with our enhanced SEM investment and the SEO optimization has led to record average monthly traffic of approximately 10 million unique visitors across our LoopNet network in Q2. Traffic to the LoopNet network of sites is up 33% year-over-year in the second quarter of 2021 compared to the second quarter of 2020. We are seeing quality traffic as well with 887 of the Fortune 1000 companies searching on LoopNet in Q2. This is the site also spending 59% more time on the listings this quarter compared to the second quarter of 2020. We've seen the owners and brokers with the properties that are the best candidates for our highest level diamond and platinum ads show increased activity on LoopNet with overall search activity from them up about 40% year-over-year. Our investments in e-commerce have yielded positive results with e-commerce sales rising 86% year-over-year based on improvements in the checkout flow and mobile responsive workflows. Today, we are relying on the CoStar sales force to sell both CoStar and LoopNet, which is suboptimal with the market for the two products being so vast. The CoStar sales force is delivering exceptional results, selling more new business in the second quarter of '21 than in any quarter over the past three years on a combined CoStar LoopNet product basis. So they're not as productive as they had ever been. We continue to believe that we're in the early stages of a major offline to online shift in marketing and commercial property. So we are building the recruiting, training, leadership in facilities to support a centralized team with professional dedicated LoopNet sellers in Richmond, Virginia. Our first sales class on this new model is expected to join the third quarter and grow to 50 or more by the end of the year. We believe the LoopNet brand has so much more growth potential beyond the current business. The online advertising shift is a year's long journey, so building a strong foundation for the business is critical -- this year, as property owners come to view LoopNet as a must-have property must have to properly market their properties. Our Apartments.com platform continues to deliver unprecedented value to our customers. Our 2021 consumer ad campaign starring Jeff Gold Bloom has been our most effective campaign ever delivering 4.1 billion impressions in the second quarter alone. The campaign runs across multiple outlets, including traditional television and top prime time and sports programs and we have expanded investments into new outlets, including video-on-demand, streaming audio, social media and new partners such as Twitch, Tik Tok, esports and more. aren't we had? As a result, in the second quarter, we saw record network visits up 32% year-over-year to $363 million and record unique visitors, up 30% to $177 million. The consumer campaign will continue heavily into Q3 with more top programming as we've already aired in every game in the NBA finals and are currently running across the Olympics. More and more properties continue to make the decision to advertise on Apartments.com. There are now over 60,500 paying properties in Apartments.com, an increase of 17% since the beginning of 2020. In addition, our existing customers are staying with us longer. Our renewal rates have increased over the past three years and are now at their highest levels ever. That's a trifecta. We've got LoopNet, Apartments and CoStar at their highest renewal rates. We believe the reason for this is because we've consistently delivered exceptional value to our customers, site traffic represents valuable reach and exposure for our customers' vacancies. Looking back to the start of the pandemic in the first quarter, apartment site traffic has increased significantly with visitors, up 48% and visits up 60% in the second quarter of 2021. As a result, with high-quality consumer leads to our advertised properties, have increased a whopping 123% since the beginning of March last year. Leads are up 123%. Because we held our subscription package advertising rates flat during the pandemic, we essentially more than cut in half what we charge our clients on a per lead basis. Our growing competitive advantage and our success in driving such strong traffic and lead growth had the unintended consequence of creating a half-off sale and reducing organic revenue growth for a short period of time. In the second quarter of 2020, the average client received 88 leads from our lowest ad level, silver. Silver clients needed more leads, they often upgrade to our highest ad level Diamond and received, on average, 118 leads per month. With so much success in traffic and lead growth, the average lead flow from our lowest end to add the silver level surge beyond Diamond to 129 leads per month in the second quarter of 2021. The silver ad package is generating so many leads, clients essentially stopped upgrading to our higher ad level spend packages, slowing our organic growth. Fortunately, this is a high-class temporary problem that's easily solved by adjusting our price per lead upward closer to the level it was before the pandemic. We believe conditions are ideal to reduce the discounts in our price per lead. Demand for apartments, not the dot com, the actual apartments has increased. Vacancy rates have decreased. Evictions will soon expire and rents are soaring. For investment-grade apartment buildings, three to five star with 100 units plus average rents as started 12% from 1,464 unit in Q3 '20 to $1,634 in Q3 '21. 12% is a pretty big jump in that short time period. The value of investment-grade apartment buildings has soared as well. The sales price per door of an apartment building climbed 74% from the second quarter 2020 and from a low of $102,000 per door to a second quarter '21 price of $263,000. That is a massive increase in price per door. We believe that turnover apartments is poised to increase as organizations have been 100% remote returned to office work, resulting employees shifting back to the cities they just left. That increased churn should drive increased demand for leads. In addition, as landlords raise rents, it drives even more turnover as tenants move to avoid rent increases. We believe that this, combined with the fact that we continue every year to deliver more and more value to our customers will allow us to increase our advertising rates for Apartments.com in the third quarter, while still providing the best value per lead our clients have ever seen. We are once again growing our mid-market multifamily sales force in Richmond, Virginia. A component of this train classes from the Homes.com sales force as we are repurposing a portion of that team for Apartments.com. And we're really excited to have almost 30 of these reps join our mid-market sales effort. In total, we expect to more than double the size of our mid-market sales force by the end of the year. We believe the U.S. apartment market is a $6 billion to $8 billion opportunity and our penetration rate across all segments remains relatively low. Although our near-term sales and revenue growth rates will be lower than last year, we believe that our exceptional price value and ability to once again grow our sales force will return sales and revenue growth to strong double-digit levels. The global hospitality industry is finally seeing an encouraging recovery driven primarily by leisure travel in the United States. We are seeing positive signs of activity around the world with a number of hotels providing data STR now over 67,000, which is again growing and above the pre-pandemic data contribution levels. STR's Solid performance in spite of the challenging macro backdrop affirms the critical nature of STR's data of the hospitality industry. STR subscription revenue grew 5% year-over-year on a pro forma basis. During a pandemic with renewal rates of 95%, and we saw positive net new sales consistently throughout the second quarter. Although the pandemic stop the hotel industry in its tracks only five months after we acquired STR. Our subscription revenue was up 10% compared to the trailing 12-month revenue prior to the acquisition. In the 91 days since the release of fatality performance data in CoStar, we are seeing strong interest and activity levels. 47,000 CoStar users have performed over 94,000 analytic searches, including views of market and submarket reports and capital market reports. In total, there have been almost 690,000 hospitality property views. The initial sales effort for this product was focused on training existing subscribers and increasing the number of distinct users at customer locations. At the end of June, we launched a new CoStar sales campaign focused on the new hospitality data prospects. This initial campaign targets 1,200 high-quality leads a team of 70 CoStar account executives selected and trained to focus on hospitality owners and brokers. It's like an elite group of hospitality salespeople. We acquired Ten-X in June 2020. And One year later, we've transformed Ten-X into a very vibrant transaction platform with a lot of potential with growing traffic and increasing asset volume and size. Ten-X revenue grew 42% year-over-year on a pro forma basis in the second quarter of 2021, driven by a 31% increase in average deal size and a 35% increase in transaction volume. Connecting Ten-X to our CoStar platform, increasing lipid advertising and producing our highly successful -- Ten-X with Michael Keegan-Michael Key, have all contributed to this transformation. Ten-X's value proposition of speed, certainty and market price is increasingly resonating with buyers and sellers and brokers. We are making significant progress on both the supply and demand side of the business, which are working together synergistically to produce better results for both buyers and sellers. On the supply side, the number of assets brought to the Ten-X platform grew 30% year-over-year in the second quarter of 2021, and the dollar value of assets grew 80%. About 80% of the assets we closed in the second quarter of 2021 were sold by institutional and private client groups, which is a good proxy for performing assets. So about 80% of the assets were performing. In the second quarter of last year, that figure was 59%. So this reflects the continuing transformation of Ten-X from a distressed asset platform into a market rate commercial property sales platform. Though it is ready, should there be a surge in distressed. The rate card reduction on high-value properties we implemented in the first quarter this year is clearly working. We have -- even with the rate reductions, we have really solid margins on those high-value properties. We're seeing an increasing number of higher-value assets brought to the platform. In the second quarter, we had a $20 million student housing facility, $120 million multi-building industrial portfolio and a $60 million loan moved through the Ten-X platform. On demand side, traffic grew 18% quarter-over-quarter and 140% year-over-year. The product detail pages grew 110% year-over-year, and the number of approved bidders was up 150% year-over-year. The average number of bidders per asset there's a Ten-X distressed asset in the next property Platform I think that's my right. It's recycling capital. The average number of bidders per asset increased from 2.9% a year ago to 4.4 in the second quarter this year. The synergistic network effect, improving supply and demand is reflected in the total assets sold as a percentage of total assets brought to the platform known as the trade rate. Second quarter of '21, trade rate reached an all-time quarterly high of 74%. Notably, this is about twice the average trade rate for off-line property sales. We are adding to the Ten-X sales force every month and expect to have a sales team of about 60 by year-end. Our experience so far is that our sales training combined with our strong product offering is producing highly effective new salespeople. Almost 20% of Ten-X sales pipeline already in the second half of '21 is from new sales people hired and trained in '21. Homesnap had an excellent, excellent second quarter, growing total revenue 50% year-over-year and SaaS revenue 46% and Homesnap Pro registered users grew 14% to $750,000. Total agent subscribers grew 80% to 63,000 at the end of the second quarter. Total paying agents grew 52% year-over-year from 53,000 to 81,000, and those agents are spending 35% more in advertising, about $80 per year versus $60 per year, a year ago. Our residential portfolio now consists of Homesnap, the leading real estate productivity and marketing application Homes.com a well-recognized residential marketing portal acquired in -- just May of this year. The combination of homes.com is the homebuyers portal and home stops the agent's professional platform sets the stage for us to offer sellers, buyers and real estate agents a better, more collaborative online home sale and purchase experience. Once integrated, we plan to provide agents with instant access to manage their listings on Homes.com view and respond to inquiries, collaborate with clients and provision sophisticated digital marketing campaigns. We believe this direct connection between agents and a consumer portal would be both very unique and very valuable in this industry. We plan to grow Homes.com site traffic by offering homebuyers accurate real-time information straight from local MLS, supported by the best photography of multimedia content possible, along with good agent interaction traffic and a website that Paris home buyers collaborate with the agents they trust. CoStar Group's hundreds of talented architectural photographers have brought millions of properties live for millions of renters with the highest quality photographs, videos and 3D tours. Now this team is committed to providing an immersive and compelling presentation of residential properties in Homes.com. We began integrating homes and Homesnap immediately and have already taken steps to improve the experience for buyers and eliminate products that work against the agent and seller relationship. If you had looked at Homes.com when we acquired them back in May, you probably noted there was a little bit of room for improvement on the site. We still have a lot of head of work. We have a lot of work ahead for us. But you might be impressed to see how many improvements we've already made in just a matter of a month or so on the site. The results are tangible with daily lease the site of approximately 70% since we first made the improvements about a month ago. Homes.com has a large real estate portal sales force, and we are repurposing that to sell Homesnap products to hundreds of thousands of additional real estate agents as well as we're using them for middle market advertising sales for Apartments.com. In order to build our integrated residential marketplace, we're planning to increase the level of integration investment in our residential offering in the second half of '21 by $25 million. The investment is split roughly in two between marketing costs and additional technology and content generating resources. We're calling you today from within our headquarters building, and we've seen most of our colleagues in this building today. We're pleased to report that we're making great progress bringing our employees safely back to work. We believe that being physically in the office is essential to collaboration, productivity and company culture. We evacuated our offices last March because of the global pandemic, not because in HR innovation that discovered that remote work was more productive. Currently in the U.S., approximately 94% of our employees are vaccinated. And approximately 85% of our employees have come back to the office. When school reopens, we expect our in-office numbers to grow as parents have better day care options. We're grateful to all of our staff who kept CoStar Group ranked so well during the challenges of the past year. As CEO, it feels great to see our staff back in the office together, collaborating, learning and growing. I believe that while other companies have yet to come to grips with the challenges of getting their workforce back to full productivity, we're well ahead of the game at this point. The U.S. economy is experiencing the strongest rebound in growth of the G20 economies. This strength in turn is fueling a broad-based recovery across the commercial real estate sector, with cash in the bank, plenty of accrued vacation time and vaccination cards in hand, leisure travel is driving a recovery in the hospitality sector. Over 70% of U.S. held tells have occupancy above 60% in June the most since October 2019. In multifamily, search activity apartments is trending well above 2020 levels. High consumer demand, combined with vacancy rates at 20-year lows and limited supply growth is resulting an unpresent rent growth. Single-family market remains white hot driven by tight inventories and low interest rates. In retail, government stimulus, both wage growth have driven retail sells well above pre-pandemic levels. As a result, both leasing activity and transaction volume in retail surpassed pre-pandemic levels in Q2 2021. While bankruptcies and closures persist, they are on pace for their lowest levels since 2016. In industrial, elevated spending and consumer goods, the rise in e-commerce and the need to expand industrial supply chains drove leasing volumes to all-time highs in Q2 '21, up 40% year-over-year. Despite record high construction demand continues to outpace supply and produce rent growth of 5% in Q2 '21. Despite negative net absorption and high vacancy rates, office sector is beginning to show early signs of recovery, leasing volume rose above pre-pandemic level for the first time in Q2 '21, sublease space growth decelerated as companies realize they may neither office space and occupancy losses moderated. In Capital Markets, total transaction volume in Q2 2021 increased and actually exceeded Q2 2019's levels. Q2 '21 deal volume exceeded 5-year averages in multifamily industrial and retail, but did lag in office. Distressed sales to date are running about half of 2020 levels. At this point, I would like to turn the call over to our Chief Financial Officer, Scott T. Wheeler. And I suggest the first question the Q&A will be what does the T stand for in Scott T. Wheeler? Scott T. Wheeler -- Chief Financial Officer I thinks that's a mystery might just have to leave unsolved for the remainder of this call. Then maybe I'll decide to answer that one. Keep your guessing. All right. Well, that was a lot of ground to cover in just a short call. Great summary. And it seems like we keep having increasing opportunities with every new component that we add to this business. Fortunately, it's easy to summarize financially. We delivered another strong set of results this quarter with revenue, adjusted EBITDA and sales bookings all growing in the strong double digits. Our results include a short period of results for Homes.com in the second quarter, which are not material to the overall revenue or profit for this quarter. Revenue in the second quarter of 2021 increased 21% over the second quarter of 2020, coming in above the high end of our guidance range with CoStar, Ten-X and Homesnap, all exceeding our expectations. Organic revenue growth for the second quarter was 13%, improving from the 11% in the first quarter on the strength of both CoStar and the LoopNet growth improvement. The product, which we now simply will call CoStar grew revenue 7% in the second quarter of 2021 versus the second quarter of 2020, improving from 4% growth in the first quarter and exceeding our forecast of 5% to 6%. With very strong sales results, improved renewal rates the launch of the single CoStar product upsell program and the planned return of annual renewal price increases in September. The outlook for CoStar continues to improve. We now expect CoStar revenue growth to improve to around 9% in the third quarter and returned to double-digit growth in the fourth quarter of this year. This improves our full year revenue growth outlook for CoStar from 6% that we talked about last quarter to approximately 8% this quarter. We fully expect CoStar revenue growth to improve quarter by quarter and return to the historical growth rates in the 12% to 13% range as we move into 2022. Revenue in Information Services grew 15% year-over-year in the second quarter of 2021, exceeding expectations for the quarter. Subscription revenue growth remained strong in Real Estate Manager and STR with both increasing 16% when compared to the second quarter of 2020. Overall, we expect Information Services revenue growth of around 10% in the third quarter and for the full year. Multifamily revenue grew 18% in the second quarter of 2021 at the lower end of our 18% to 19% range. Roughly half of the revenue growth over the year was in the second quarter is from new properties advertising with us and the other half is growth from the average rate per property. As Andy talked about, the rapid increase in lead generation recently is creating a negative sales mix shift with fewer customers upgrading to our higher level ad packages. This reduced the second quarter sales levels for Apartments.com, which in turn impacts our revenue growth rate outlook for the third quarter. We expect the year-over-year revenue growth rate of multifamily to be approximately 12% in the third quarter of 2021 and to improve sequentially in the fourth quarter as we implement new pricing at the contract renewal times. As the new pricing begins to layer into the revenue every month, we expect revenue growth rates to continue to increase into 2022. Also, the recent shift of Homes.com sellers to the apartments mid-market team and the ability to hire salespeople as the economy reopens, are both expected to contribute to improved revenue growth after the third quarter of this year and well into 2022. Commercial property and land revenues grew 73% year-over-year in the second quarter of 2021, well above our expected 55% to 60% growth rate. Both Ten-X and Homesnap delivered revenue above expectations with pro forma growth of over 40% for Ten-X and 50% for Homesnap. LoopNet revenue increased 18% in the second quarter compared to the second quarter 2020, slightly below expectations as the combined CoStar LoopNet sales team sold a little less LoopNet and more CoStar than we had assumed. In aggregate, the CoStar LoopNet sales team, like Andy mentioned, delivered sales bookings above our forecast in the second quarter and one of the highest levels they've generated for a long time. Accordingly, the combined revenue of CoStar and LoopNet was also above our forecast in the second quarter. We expect this combined revenue growth rate of CoStar and LoopNet to continue to improve in the third and fourth quarters ahead of our previous revenue guidance. On a stand-alone basis, we are forecasting LoopNet revenue growth of around 15% for the second half of this year as we assume that the CoStar LoopNet sales force will be focusing on more CoStar sales and not quite as many LoopNet sales. in the second half and while we build our stand-alone sales force. Overall, we expect the reported commercial property and land revenue growth rate to be approximately 50% for the third quarter and for the full year of 2021. Organically, we expect growth of approximately 17% to 18% for both the third quarter and the fourth quarter of '20 and '21. Our gross margin came in at 81% in the second quarter of '21, in line with our expectations and we expect gross margins to continue at that level through the end of the year. Net income was $61 million in the second quarter, and our effective tax rate was 35%. The effective tax rate includes an incremental impact of around 10% related to a modification to our international tax structure. This change only affects the second quarter, and we expect the effective rate to drop back down into the mid-20% range for the rest of the year. Second quarter adjusted EBITDA was $150 million. Adjusted EBITDA is up 17% from the second quarter of last year and came in approximately $15 million above the high end of our guidance. The resulting adjusted EBITDA margin of 31% is 300 basis points above the midpoint of the guidance range. This improved adjusted EBITDA was primarily the result of higher revenue, some timing variances for our marketing spend and lower-than-expected hiring in the second quarter. Most of the cost favorability in the second quarter will reverse in the second half of the year due to the timing of our marketing -- the growth in our sales team that we expect and investments in our emerging residential business. Now I look at some of the performance metrics for the quarter, starting with our sales force. Our sales force totaled approximately 905 people at the end of the second quarter, an increase around 64 people from the second quarter of 2020 and up a little over 70 people from the first quarter of 2021. The growth is primarily due to the addition of the Homes.com sales team, the majority of which we have deployed to sell Homesnap products and mid-market apartments products. The renewal rate on annual contracts for the second quarter of 2021 was 92%, up from 90% last quarter and 89% a year ago. People are really hanging on to our product. This renewal rate is the highest since the third quarter of 2014 and a strong testament to the mission-critical nature of our products and the success of our continued investment in our platform. The renewal rate for the quarter for customers who have been subscribers for five years or longer was 97%, an increase from the renewal rate of 96% in the first quarter of 2021. Subscription revenue on annual contracts accounted for 77% of our revenue in the second quarter, a decrease of 1% from the last quarter as a result of adding Homes.com to our metric. I'll now talk to our outlook for the full year and the third quarter of 2021. we are reconfirming, revising and slightly improving our revenue guidance for the year and raising the range to include Homes.com. We expect full year revenue in the range of $1.94 billion to $1.95 billion, which implies an annual growth rate of 70% at the midpoint of the range. For the third quarter, we expect revenue in the range of $495 million to $500 million, representing revenue growth of 17% year-over-year at the midpoint. For the full year of 2021, we have revised our outlook to include the previously announced adjusted EBITDA loss of $15 million for Homes.com along with an incremental $25 million of investment in our residential business that Andy mentioned. Approximately half of this investment is related to marketing and agent engagement with the other half related to technology development resources and content generation. Accordingly, the full year outlook for adjusted EBITDA is expected to be in the range of $605 million to $615 million, which implies an adjusted EBITDA margin of 31% at the midpoint of the range. We expect adjusted EBITDA for approximately $130 million to $135 million in the third quarter of 2021 for an adjusted EBITDA margin between 26% and 27%. The third quarter marks the highest quarter of our marketing spend as we will have Apartments.com, LoopNet and Ten-X marketing campaigns running throughout the third quarter. Overall, we had a very strong first half of this year, and it's great to have the heavy lifting of returning to work almost behind us. I'm certainly encouraged by the continued strong rebound of CoStar and the great growth potential that we have in our marketplaces of apartments, LoopNet and our new residential business. Thank you, everyone, for your continued support. And operator, we can now open the call up for questions with a few rules from our friend, Bill Warmington. Bill, back to you. Bill Warmington -- Vice President of Investor Relations. Thank you, Scott. Chris, would you please assemble the questions for the Q&A section? Questions and Answers: Operator [Operator Instructions] Your first question comes from Sterling Auty of JP Morgan Chase. Your lines open. Sterling Auty -- JPMorgan Chase & -- Analyst My -- first of all, my guess on Scott T. Wheeler is I'm going to go with T for Thomas. Am I close? Scott T. Wheeler -- Chief Financial Officer Wow. Timothy would be good. knows how do you Google very effectively question. I'm not sure Sterling Auty -- JPMorgan Chase & -- Analyst And for my one question, the most popular question I get is everyone sees the investment that you're looking to make in residential. And I think they agree with the opportunity, but they don't know how to think about that investment in the context of your previous 2023 margin target of 40% for EBITDA. Can you maybe give us an update on how we should think about it? And if that target is still viable? Scott T. Wheeler -- Chief Financial Officer Yes. Good to hear from you, Sterling. Question comes up frequently. -- with the investments we just talked about, additional resources and some marketing as we build the platform out. We are still online to hit our 2023 targets, and we still consider those the marching orders for the business. And so we need to get through the integrations, watch the site improvements. Andy mentioned that traffic visitors improvements in the sites. A lot of these things are going to depend on what happens for the rest of the year in our integration program. And then we'll decide what next year's plan look like relative to investment in residential versus our other platforms. So no change to our 2023 guidance. Right now, all our plans for residential we've just talked about, we can still make those numbers and intentive to based on what we have so far. And if that changes or new estimates come our way, we will let you know. And I wouldn't want to deflate the question a little bit by pointing out that 10%, the core business of CoStar Group is solidly on target for that goal. And should there be a clear opportunity to invest in what would be a significantly different business, we'll communicate that at the point that we are doing that, but -- but the fundamental business is definitely on track for those goals and is performing really well. So it's -- it's probably -- It's probably a little bit hyperbolic. I don't know what that means, but it sounded good. Sterling Auty -- JPMorgan Chase & -- Analyst That sounds like back-end loaded to me, but I just want to make sure. Scott T. Wheeler -- Chief Financial Officer Thank you. You bet. Operator Your next question comes from Pete Christiansen of Citi. Your lines open. Peter Corwin Christiansen -- Citigroup Inc -- Analyst I was just wondering if you could dig into the LoopNet performance a little bit more here. Obviously, the decel growth there is clearly coming from the silver ads. And you did point out, obviously, the CoStar Suite guys are are doing double duty here, which is likely making an impact. But I guess I would presume that, a, you have an easy comp and real estate activity is improving quite dramatically, I'm surprised that the silver ads are decelerating so much. I was just wondering if you could put a bit more color on it. Maybe I don't understand the relationship exactly to what's going on in the sales force and what's going on in the broader market? That would be helpful. Scott T. Wheeler -- Chief Financial Officer Sure. So a couple of core issues. One is, I mean, so you're correct to point out that the economy is great. The product is performing really well. The product looks really good. The traffic is fantastic. The marketing is well received. We are limited by how fast we can scale that sales force. And as you listen to theearnings call you hear, we're adding salespeople in this bucket in that bucket, and we're clearly hiring a lot of salespeople. And that's great news because we have opportunity for them. Our primary focus is on those upper-end ads. We don't want to just keep on selling the low end ads forever. And we would like to, within the next year, come up with a more optimal way to sell those entry-level ads where we don't charge the same price for all properties in all geographies. And we'd rather shift to a more demand-based pricing algorithm on the silver ads. So we are holding off, driving a lot of activity in there until we can do that. There are some areas where we want to reduce our prices on silver ads and many others where we want to significantly increase our prices in Silver ads. So if you look at Apartments.com, -- The average silver ad is probably 8 times the average LoopNet Silver ad, and we want to basically move toward a way of rebalancing that while reducing prices on some and then increasing on some other areas where people would notice even happen. So it's more of a an evolving dynamic. But the fundamental marketplace is super strong, and we're hitting the things we're trying to hit with that right now. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer And Pete, if I can just add a couple the numbers on top of that, the Lister revenue that you mentioned the Silver Ads is about 75% of the revenue for LoopNet, and it's still growing. It's growing at mid-single digits. And with Sumatra ads growing the 70% we talked about, that mixes into that 18% growth rate for the second quarter. So it's still growing. It's just at a slower level right now. It's not the primary focus. Operator Your next question comes from David Chu of Bank of America. Your lines open. David Chu -- Bank of America -- Analyst So bookings have clearly rebounded off like the COVID lows, -- Just wondering what it takes to get back to like the prior peak, which I think was in second quarter 2019 of like $59 million. Is it really a recovery in apartment -- And then just based on the macro environment, when do you think this would be achievable? Scott T. Wheeler -- Chief Financial Officer I think the quarter you mentioned all cylinders were cranking. So you had a great quarter for apartments, LoopNet, Apartments, LoopNet and CoStar. We also have other contributors now like Homesnap and Real, Manager, Thomas date lands are all cranking. They have a lot of different things happening here. I think there's -- you're in an organizational flux that we're trying to get past us or return to work or return to normalcy. There's a lot of adjustments going on. And we're getting back into a growth mode and you want to have all your sales forces lined up and you want to get your price per lead numbers, right? But I think that could happen in the next quarters. We have a lot of good things going on and all the products are really solid. So I think it's just a question more of transition and friction in this environment right now. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer And David, when you look at where we are now on the bookings, like we said, the CoStar LoopNet sales force produced its highest level for quite some time. So those are very strong, and we talked about this the multifamily piece, if multifamily sales go up to, let's say, the average we were doing in 2019, we would have had our best quarter ever in bookings. And the other thing, as Andy mentioned, the Ten-X and Homesnap are two brand-new businesses that we have. And they're not accounted in the subscription metrics because Ten-X is all transactional and Home Snap has a large piece of it that we consider transactional at this stage before we convert our residential offerings to subscription-style businesses. So right now, we have about 91% of our revenue is subscription, and that typically had been up in the 95%, 96% plus range. So there is a growth element we have right now in our business. It's that's coming from 10 times and Homesnap that you're not going to see in the bookings right now until we convert those to subscriptions. So you get a little lift out of that versus the numbers we talked about. But that's really it's the price we talked about in multifamily, that should return that to better sales numbers and that would move us upward. Operator Your next question comes from John Campbell of Stephens Inc. Your line is open. John Robert Campbell -- Stephens Inc. -- Analyst Just back to the residential side, Andy, I'm guessing there's a way to, I guess, more meaningfully build out the traffic there without relying solely on the ad spend to get you there. But I think you might have hinted at that in the commentary around the kind of even split of investments in across the marketing and content in the back half. But I know for competitive reasons, you can't -- you guys aren't going to fully show your hand there. But Andy, to what extent you can, maybe just provide a kind of high-level peak into that strategy? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer The -- you're right about not wanting to show our hand. So thank you for the opportunity. But what we're offering is really quite simple, really brutally simple, which is 90% of the real estate transactions in the United States, a buyer collaborates with an agent. And if you look at our website right now, Homes.com it's all of a month old, so it's not going to be a master piece. But if you look at that website, it's got something really unique. It's the only website that I'm aware of the United States where you can actually look at a property for sale and see -- clearly see the name and phone number of the agent and push a button and contact them. So that puts one million real estate agents on our side. And those one million real estate agents are involved in 90% of all transactions and communicate regularly with our clients. So -- we're excited about that opportunity. We love the fact that it's so simple. Most people can't understand it. And -- and we're not afraid to -- if we think there's a fantastic ROI that will have a fantastic return for our shareholders, we're not afraid to invest in it, but we are -- right now, we're working on the software and the fundamental structures, which are not wildly expensive. And -- and as I mentioned, four weeks of work and the lead flow is up 70%. So that's the first -- of many. But I think that as it evolves and we can talk more with analysts and investors about the progress we're making and the vision we have for it. I think that people will support our initiatives, but it's still -- we don't have some secret magical plan that we're laying out for 2022 or '23 right now, we're dealing with orders of magnitude, we're more focused on software and strategy right now. Operator Your next question comes from George Tong of Goldman Sachs. Your line is open. George Tong -- Goldman Sachs -- Analyst Apartments.com revenue growth decelerated in the quarter because of the effective reduction in price per lead, can you elaborate a bit more on initiatives to help reverse this trend and when you would expect to return to 20% multifamily revenue growth? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Well, that's an excellent question, George. I think that's the question. It -- the lead per ad at the lowest level was unimaginable. If I had told someone four years ago or five years ago, the number of leads the site is generating at the lowest ad level, it would have been impossible. No one could have believed it. So we are helping some very large properties generate a lot of revenue for very little money. And what we've done is worked with the leadership team at Apartments.com, and we are rolling out a new pricing strategy, and we're also adjusting the lead flow, the nature of the product that how it throws leads, to meter them more effectively to the upper-end ads. And we're also doing more strata in the pricing structure between the 80-unit properties, 100-unit properties, the 200-unit properties, 300-unit property to more appropriately reflect the value of one of these super high lead-generating ads. So it's pretty easy to go after, and it will take -- we're not -- it will be something that rolls out in the course of 12 months, and it begins rolling out as early as next month. So you'll see an advantage there. But this is fundamentally really good news. I mean this is there's two kinds of things you could have problems you could have. One is you don't have the traffic going to the leaves. And the other issue of way too many leads and clearly, our competitive position has gotten very strong recently. And it's been getting stronger and stronger, but it's gotten really strong over the last couple of quarters. So we will -- we will throw more power to the Dynamo will take more friction of the engine and throw more power to the wheels. Over the next couple of quarters, and you'll see us return to those growth rates as we go into 2020 and it's sustainable for a long time. Operator Your next question comes from Ryan Tomasello of KBW. Your line is open. Ryan John Tomasello -- Keefe, Bruyette -- Analyst I guess just following up on Apartments.com. Curious how you -- Andy, how you're thinking about the growth outlook there beyond the near-term disruption and say, over the next three to five years of that platform's growth. There's still obviously market share opportunity in the 100-plus unit category and understanding the comments around the rightsizing of the effective price per lead. But how are you thinking about managing the business as growth at the high end and even we start to slow. And in particular, when do you expect the middle market business really start to bridge that gap? How large of a business do you think that could be? And what types of growth rates are you investing for in that piece of the market over the next few years? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer So I actually don't think the high end slows for many, many, many, many years, if not decades. We still are 50% penetrated at the high end, and we have many products and the services we can provide, as you see us getting into more actively facilitating the actual leases. If you look at a price per lead at the lower end was as little as $2 or $3 or if you were to say one to seven ratio lead to lease, $14 per lease, I would not say that we're within decades of maxing out the the value of the lease and those leases we can bring to the table here where as many as hiring communities are paying a month's rent or two weeks rent or $300 or $500 for lease, and we're charging $14 to $15 per lease. So we're not going to max out the high end. But it's really exciting what's available in the middle and lower end, we are successfully selling a lot of properties at the five unit level, the four unit level, the 20-unit level, the 50 unit level and we're in single-digit growth or single-digit penetration in all of those areas. So it's a question of -- It's a question of continuing to grow the sales force to go after that opportunity, but then also to build out our e-comm capabilities to capture it without having to have manual intervention. So it's a great place to be, and we -- and the demand side came at us harder than we ever would have anticipated in the last two quarters, but that's good news. You just have to change the model a little bit. So I think you've got a decade plus of good, solid 20% growth. Scott T. Wheeler -- Chief Financial Officer And Ryan, when you look at the universe of properties out there over 100 on -- Right now, they're growing faster than we can add them to our portfolio just given the growth in the general universe that we watch. So actually, our penetration into the upper end has stayed at 50% or 51% for like five or six quarters despite our growth just because of the growth in the universe of properties out there. So we've got a long ways to go just to penetrate the top line, let alone move up those penetrations in the lower ones. Operator Your next question comes from Mario Cortellacci of Jefferies. Your line is open. Mario J. Cortellacci -- Jefferies LLC -- Analyst On CoStar Suite, I guess just how much closer are we getting turning pricing back on there. Obviously, I know you're very focused on the upsell, the global product and there's a lot of opportunity there. But I believe that you guys talked about looking for stability within the commercial real estate market before kind of looking that pricing switch. So maybe you can just talk about what timing looks like there? And then how much price is being baked into the 2021 guide for CoStar Suite? Scott T. Wheeler -- Chief Financial Officer Okay. So when are we going to begin normal price escalations on CoStar Suite, wait for it, wait for it, now. Yes, -- we're doing that now. We have -- you have to -- there's a notice period on these -- there's a notice period on these contracts so that you have a delay. But clearly, the conditions are right for it right now, with renewal rates moving to 94.5 year clients up over 97%. And all the functionality we're putting into the product and all the functional that we're going to put in the product over the next couple of years, we absolutely should be accelerating our pricing at least in line with inflation. And I think it will be 200 to 300 basis points above that number. And so I'm not sure what Mr. Thomas has baked into the guidance, but I'll let him handle that. Andy Thomas -- President, CoStar Real Estate Manager Thank you. The start of the increases that go in the next couple of months go in on renewals, obviously, so it takes a little while to layer them in. So that's about 100 basis points, I think, to the growth in the -- in the fourth quarter, but then it really starts to build in next year. But keep in mind that we're doing the conversions to the full CoStar product. And so 18,000 our clients will be getting those increases, which are larger than the renewal price increases. And then the other clients will get the renewal price increases. So in aggregate, we're looking at some pretty good pricing lift going into next year. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Scott, we're not increasing those 18,000 people's prices. We're offering them incredibly attractive terms to expand their purchasing with us. Scott T. Wheeler -- Chief Financial Officer Actually, they look at it as a decrease in price. Price of CoStar nationally previously was much higher. So they're like, wow, let's go get this. This is a good bargain. So it's actually working pretty well so far. Operator [Operator Instructions] Your next question comes from Stephen Sheldon of William Blair. Stephen Hardy Sheldon -- William Blair & Company -- Analyst I wanted to ask a little bit more about the CoStar suite and that upselling process. I think that you talked about from modules to the full global suite. I guess how aggressive do you plan to be in that upselling motion? And would you also plan to sunset the module, I guess, pricing with existing customers at some point? And then I think you also noted $30 million to $40 million in potential incremental revenue. Can you provide some more detail on that number? Is that the potential revenue uplift at all of your suite customers move to that full solution? Just any more detail there. Scott T. Wheeler -- Chief Financial Officer Yes. So the $30 million to $40 million, I think, is the modeling that our VP of Sales has done, and it assumes the cancellation rate assumes just going after that 18,000 it's assuming an average price increase. So I wouldn't have the details of the model I've reviewed and seen that model. In terms of how aggressive we would be with it, I would look at some of our prior efforts to move people onto a common platform. And in those prior efforts, we sell very aggressively for 12 to 18 months. And once we've had success in moving the majority of the revenue into the unified platform, then we typically sunset the prior platform because at that point, you're spending money, you're spending money that really isn't adding value to anybody to maintain two separate platforms. So our goal is to focus on intensively for 12 to 18 months and then streamline the product and have one version of the product. And that's sort of somewhat similar to what a Bloomberg does, where you're not buying Bloomberg by geography and there's a bunch of different modules you're getting one terminal. And as we go more international. We think it differentiates us against any sort of competitor and provides a very unique value proposition, having one platform. Operator Your next question comes from Trace Muller of Baird. Your line is open. Jeff Mueller -- Baird -- Analyst So I guess I'm still struggling a little with the magnitude of the deceleration in apartments revenue going into Q3. I guess can you just maybe first comment on Apartments.com client retention, specifically, I caught the overall retention, but it sounds like that's pulled up by really good results in suite. And then if retention is stable. I guess, does it come to a head now because Q2 is seasonally when you normally see clients trade up and then that trade-up just didn't happen -- and when it doesn't happen as kind of the season that you expected, that's why you have the meaningful deceleration going into Q3? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Yes. So -- to be clear, the renewal rate on Apartments.com is the highest it's ever been. It is extremely high. Scott will have the number. I think I threw it in there. I'm not sure. But the -- I believe it is 1/10 of the cancellation rate on a monthly basis from where we started in 2015. So churn is down 90%. And the -- during the pandemic, it wasn't really an environment to Jack prices aggressively. And so you sort of came out of the pandemic after the first quarter and after vaccinations really got out there. And then the market is lit on fire. So it's a question of how fast you can respond to that. And we will respond very quickly, but I think that -- I don't think it's really just a one quarter of upsell that doesn't happen again. I think that I believe that as people go into the churn as people have to migrate back to where they were before to return to work. And as people churn as these price increases continue to crank in these apartment buildings. And as the fiction of moratorium relief, our customers are making good money and need more lead flow than ever. Then I think there's plenty of opportunity to capture value next quarter, the following quarter or the quarter after that and ongoing from there. So it's more of a -- if you're playing the game for the long haul, you don't want to jack people's prices during the pandemic. But we're well positioned to capture that value now. Scott T. Wheeler -- Chief Financial Officer And just the renewal rates at 94% for the quarter on multifamily, which is the highest it's ever been. And then to your point, you recall last year, we had the surge in the second quarter of sales in apartments to these record levels given the pandemic. And so that second quarter surge annualizes off in the second quarter this year. So you have a little bit of a cliff effect when you hit the third quarter because all that that weight of those sales goes away, and we haven't repeated that same sales level in any quarter since then. So you'll have some of that on annualizing before you then look at the upsells that weren't as strong in the second quarter of this year. So it's the difference in the growth rate in the second -- in the third quarter is around $6 million to $7 million, which on an annualized basis is around difference in that sales level between Q2 this year and last year. So that's mathematically how it all works. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer And the number one thing to focus on, if you're looking at a business like this is that 47% year-over-year growth in unique visitors that is basically our leading indicator of future revenue. Scott T. Wheeler -- Chief Financial Officer Yes. And of course, the whole platform is still adding more volume. New people are still coming to time form apartments, and then fortunately, when you have these issues that we work through that we've got a great portfolio where Ten-X and Homesnap, the rest of the business does remarkably well, and we ended up holding, if not increasing slightly our revenue guidance for the year on an aggregate basis, which is obviously what we want to do and continue to do. Operator I am showing no further questions at this time. I would now like to turn the conference over back to Andy. You may proceed. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thank you. So we appreciate you joining us for the second quarter call today. I hope you share our enthusiasm for the abundance of growth drivers in our business. As we've discussed, CoStar Suite, a strong rebound and growing record net sales apartments record traffic growth and lead flow put in a position to begin to share more of the value we're creating for our customers. LoopNet is growing traffic, revenue and our primary goal of driving revenue signature ads is happening and happening well. 10 times is really fantastic gaining great traction. And Homesnap and homes are well on their way in the process of transforming how agents, consumers buy and sell residential real estate. We didn't have time to talk about Realla, Belbex, Biz by, Real Estate Manager, Thomas Daily lands. They're all doing fantastic as well. And I wish one day to give me two hours for the call. As we move to the second half of '21, we're working toward two important milestones. One is our goal of reaching $1 billion of annualized revenue run rate in our marketplaces. And by the end of the year. And the second is we're going to run through our $2 billion revenue run rate overall. So some good milestones on our way to much larger numbers. But we're clearly strong in our core business right now as evidenced by our amazing traffic growth, our amazing renewal rates. And -- And we're focused on building that core business, but also working to triple our addressable market opportunity through investments in residential and international expansion. So we look forward to meeting with you again for our third quarter call in October 26. And until then, stay safe. Thank you. Operator [Operator Closing Remarks] Duration: 75 minutes Call participants: Bill Warmington -- Vice President of Investor Relations. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Scott T. Wheeler -- Chief Financial Officer Andy Thomas -- President, CoStar Real Estate Manager Sterling Auty -- JPMorgan Chase & -- Analyst Peter Corwin Christiansen -- Citigroup Inc -- Analyst David Chu -- Bank of America -- Analyst John Robert Campbell -- Stephens Inc. -- Analyst George Tong -- Goldman Sachs -- Analyst Ryan John Tomasello -- Keefe, Bruyette -- Analyst Mario J. Cortellacci -- Jefferies LLC -- Analyst Stephen Hardy Sheldon -- William Blair & Company -- Analyst Jeff Mueller -- Baird -- Analyst More CSGP analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool owns shares of and recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2021-07-29,86.62,89.47,86.06,87.5,
CSGP,2021-07-30,87.25,88.97,87.03,88.85,
CSGP,2021-08-02,89.13,89.62,88.36,88.9,
CSGP,2021-08-03,89.17,89.28,87.06,87.33,
CSGP,2021-08-04,85.64,87.64,85.63,86.26,
CSGP,2021-08-05,86.55,87.94,86.32,87.92,
CSGP,2021-08-06,87.97,87.97,85.87,86.0,
CSGP,2021-08-09,86.37,86.67,85.51,85.63,
CSGP,2021-08-10,86.07,86.74,84.21,85.05,
CSGP,2021-08-11,85.46,85.78,84.34,84.91,
CSGP,2021-08-12,84.39,84.85,83.62,83.97,
CSGP,2021-08-13,85.555,85.555,83.82,84.45,
CSGP,2021-08-16,84.1,84.34,82.61,83.15,
CSGP,2021-08-17,82.75,83.4,82.5,83.19,
CSGP,2021-08-18,82.87,83.15,80.94,80.97,
CSGP,2021-08-19,80.47,82.31,80.2863,82.16,
CSGP,2021-08-20,82.52,82.82,81.85,82.53,
CSGP,2021-08-23,82.3,83.97,82.25,83.56,
CSGP,2021-08-24,83.44,85.03,83.27,84.37,
CSGP,2021-08-25,84.22,84.89,83.46,84.06,
CSGP,2021-08-26,84.13,84.35,82.79,82.8,
CSGP,2021-08-27,82.36,83.74,82.32,83.19,
CSGP,2021-08-30,83.16,83.99,82.8,83.99,
CSGP,2021-08-31,84.24,85.02,83.575,84.74,
CSGP,2021-09-01,84.97,86.97,84.68,86.84,
CSGP,2021-09-02,87.37,88.28,86.64,87.18,
CSGP,2021-09-03,87.26,87.94,86.72,87.86,
CSGP,2021-09-07,87.57,87.94,86.4,87.71,
CSGP,2021-09-08,87.66,88.87,87.405,88.66,
CSGP,2021-09-09,88.59,89.91,88.13,89.69,
CSGP,2021-09-10,89.97,90.845,89.29,90.15,
CSGP,2021-09-13,90.74,90.81,89.21,89.37,
CSGP,2021-09-14,89.57,90.24,88.87,89.34,
CSGP,2021-09-15,89.58,89.58,88.44,88.95,
CSGP,2021-09-16,88.69,89.39,88.33,89.1,
CSGP,2021-09-17,89.1,89.72,88.49,89.38,
CSGP,2021-09-20,88.79,89.27,87.61,88.72,
CSGP,2021-09-21,88.86,89.3176,87.96,88.15,
CSGP,2021-09-22,88.65,89.08,87.84,88.37,
CSGP,2021-09-23,88.37,89.5896,88.34,88.52,
CSGP,2021-09-24,87.78,88.6,87.14,88.34,
CSGP,2021-09-27,87.91,88.98,86.94,87.63,
CSGP,2021-09-28,87.16,87.21,85.02,85.38,
CSGP,2021-09-29,85.34,86.89,85.17,85.38,
CSGP,2021-09-30,85.53,86.68,85.51,86.06,
CSGP,2021-10-01,86.52,87.955,85.6,87.77,
CSGP,2021-10-04,87.6,87.735,85.45,85.79,
CSGP,2021-10-05,85.72,86.5357,85.27,86.51,
CSGP,2021-10-06,86.42,86.618,85.3,86.34,"Here's 1 Commercial Real Estate Trend Investors Need to Know Commercial real estate development activity is picking up in a few different areas, but industrial properties are in a class of their own. Developers simply cannot build enough warehouses and distribution centers to satisfy demand, as Millionacres editor Deidre Woollard and senior analyst Matt Frankel, CFP, discuss in this Fool Live video clip, recorded on Sept. 28. 10 stocks we like better than Walmart When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks Stock Advisor returns as of 6/15/21 Deidre Woollard: First of all, I want to share this, which is this is building data from NAR. It's via CoStar (NASDAQ: CSGP). You see the trends, what's being built, multifamily, offices starting to fall, industrial is just crazy, and retail is also down as well. Matt Frankel: Well, industrial is e-commerce. Woollard: Yes, exactly. Frankel: At this point, I feel like we should call industrial real estate e-commerce real estate. Woollard: Yeah. Frankel: Because that's really what is correlated to. Woollard: Well, I think that's an interesting thing because I've been talking to different people about that. Because there's industrial, which is the larger umbrella term, but then you've got manufacturing, you've got logistics, and it's really logistics that's moving. I feel like when we talk about industrial, we are talking about e-commerce, logistics, mobile commerce, all of that, rather than just what we used to think up as industrial. Frankel: You got to figure every time they build a new property for Amazon (NASDAQ: AMZN), it's adding five million square feet to the total. I don't know if you've seen one of those buildings, they're the size of seven football fields. Woollard: They're huge. My mother lives near Port St. Lucie, Florida, and they're going leaps and bounds there. Amazon is going to build, I think it's 100 new industrial facilities. They're trying to get them done before the holidays. Part of that is just the supply chain thing is just messing everyone up. I don't know the latest total of how many ships there are up the port of Long Beach, but it was over 50 for a while. Nobody can find their shipping container, and so the shipping containers are suddenly very, very valuable because they're all sitting on ships and they can't be unloaded, so they can't be reused. Part of the ways that companies are trying to solve this industrial problem is that they want to have more places to have stuff near them just that they don't have to be waiting on something to arrive from another country and sit there on a port for months. Frankel: If you look at the other three categories from the chart, I can make a solid case that all of them had a lot of an overbuilding going on before the pandemic. Woollard: Good point. Yeah. Frankel: That's not the case in industrial. Look at where the industrial bars were in 2019, 2020, they were lower than office and multi-family in terms of how much percentage you are adding to this total square footage. Office was definitely being a little bit overbuilt, which is why you were starting to see office head toward before the pandemic. Everyone likes to remind me how Empire State (NYSE: ESRT) was one of our worst performing stocks before COVID hit. There was a reason for that, it's because the office market, especially in cities, was facing these oversupply headwinds a little bit before the pandemic. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Deidre Woollard owns shares of CoStar Group and Empire State Realty Trust. Matthew Frankel, CFP owns shares of Empire State Realty Trust. The Motley Fool owns shares of and recommends Amazon and CoStar Group. The Motley Fool recommends Empire State Realty Trust and recommends the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-10-07,87.08,88.34,86.79,87.19,
CSGP,2021-10-08,87.05,87.47,86.04,86.88,
CSGP,2021-10-11,87.03,87.58,86.44,86.53,
CSGP,2021-10-12,86.97,87.86,86.73,87.16,
CSGP,2021-10-13,87.56,89.47,87.03,89.38,
CSGP,2021-10-14,90.0,92.4176,90.0,92.35,
CSGP,2021-10-15,92.65,94.39,92.38,93.8,
CSGP,2021-10-18,93.6,95.13,93.0,94.94,
CSGP,2021-10-19,95.25,96.63,95.19,96.52,
CSGP,2021-10-20,97.08,97.25,96.23,96.82,
CSGP,2021-10-21,96.72,98.62,96.19,98.54,
CSGP,2021-10-22,98.83,99.775,98.55,99.29,
CSGP,2021-10-25,99.35,99.84,98.95,99.19,
CSGP,2021-10-26,99.66,101.05,99.4,99.74,"[""CoStar Group Q3 21 Earnings Conference Call At 5:00 PM ET (RTTNews) - CoStar Group, Inc. (CSGP) will host a conference call at 5:00 PM ET on Oct. 26, 2021, to discuss Q3 21 earnings results. CoStar Group is scheduled to report results on Tuesday, October 26, after market close. To access the live webcast, log on to https://investors.costargroup.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""After-Hours Earnings Report for October 26, 2021 : MSFT, GOOG, GOOGL, V, TXN, AMD, CB, COF, TWTR, DLR, CSGP, AMP The following companies are expected to report earnings after hours on 10/26/2021. Visit our Earnings Calendar for a full list of expected earnings releases. Microsoft Corporation (MSFT)is reporting for the quarter ending September 30, 2021. The computer software company's consensus earnings per share forecast from the 13 analysts that follow the stock is $2.06. This value represents a 13.19% increase compared to the same quarter last year. In the past year MSFT has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 14.21%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for MSFT is 35.66 vs. an industry ratio of 55.00. Alphabet Inc. (GOOG)is reporting for the quarter ending September 30, 2021. The internet services company's consensus earnings per share forecast from the 14 analysts that follow the stock is $23.13. This value represents a 41.04% increase compared to the same quarter last year. In the past year GOOG has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 37.05%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for GOOG is 27.25 vs. an industry ratio of -17.90, implying that they will have a higher earnings growth than their competitors in the same industry. Alphabet Inc. (GOOGL)is reporting for the quarter ending September 30, 2021. The internet services company's consensus earnings per share forecast from the 14 analysts that follow the stock is $23.13. This value represents a 41.04% increase compared to the same quarter last year. In the past year GOOGL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 37.05%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for GOOGL is 26.98 vs. an industry ratio of -17.90, implying that they will have a higher earnings growth than their competitors in the same industry. Visa Inc. (V)is reporting for the quarter ending September 30, 2021. The financial transactions company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.53. This value represents a 36.61% increase compared to the same quarter last year. In the past year V has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 12.03%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for V is 40.19 vs. an industry ratio of 26.70, implying that they will have a higher earnings growth than their competitors in the same industry. Texas Instruments Incorporated (TXN)is reporting for the quarter ending September 30, 2021. The semiconductor company's consensus earnings per share forecast from the 10 analysts that follow the stock is $2.06. This value represents a 42.07% increase compared to the same quarter last year. In the past year TXN has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 12.64%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for TXN is 25.25 vs. an industry ratio of 26.30. Advanced Micro Devices, Inc. (AMD)is reporting for the quarter ending September 30, 2021. The electric company company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.61. This value represents a 74.29% increase compared to the same quarter last year. In the past year AMD has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 20.83%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for AMD is 53.90 vs. an industry ratio of 18.40, implying that they will have a higher earnings growth than their competitors in the same industry. Chubb Limited (CB)is reporting for the quarter ending September 30, 2021. The insurance (property & casualty) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.48. This value represents a 24.00% increase compared to the same quarter last year. CB missed the consensus earnings per share in the 3rd calendar quarter of 2020 by -7.41%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CB is 15.71 vs. an industry ratio of -25.20, implying that they will have a higher earnings growth than their competitors in the same industry. Capital One Financial Corporation (COF)is reporting for the quarter ending September 30, 2021. The financial services company's consensus earnings per share forecast from the 16 analysts that follow the stock is $5.22. This value represents a 3.37% increase compared to the same quarter last year. In the past year COF has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 61.3%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for COF is 6.80 vs. an industry ratio of 10.00. Twitter, Inc. (TWTR)is reporting for the quarter ending September 30, 2021. The internet software company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.02. This value represents a 71.43% decrease compared to the same quarter last year. In the past year TWTR and beat the expectations the other three quarters. Zacks Investment Research reports that the 2021 Price to Earnings ratio for TWTR is 177.46 vs. an industry ratio of -6.70, implying that they will have a higher earnings growth than their competitors in the same industry. Digital Realty Trust, Inc. (DLR)is reporting for the quarter ending September 30, 2021. The reit company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.62. This value represents a 5.19% increase compared to the same quarter last year. DLR missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -2.53%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for DLR is 24.11 vs. an industry ratio of 23.10, implying that they will have a higher earnings growth than their competitors in the same industry. CoStar Group, Inc. (CSGP)is reporting for the quarter ending September 30, 2021. The information technology services company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.20. This value represents a 5.26% increase compared to the same quarter last year. In the past year CSGP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 10%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CSGP is 105.52 vs. an industry ratio of 33.90, implying that they will have a higher earnings growth than their competitors in the same industry. AMERIPRISE FINANCIAL SERVICES, LLC (AMP)is reporting for the quarter ending September 30, 2021. The finance/investment management company's consensus earnings per share forecast from the 3 analysts that follow the stock is $5.46. This value represents a 27.87% increase compared to the same quarter last year. In the past year AMP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 0.76%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for AMP is 13.70 vs. an industry ratio of 12.80, implying that they will have a higher earnings growth than their competitors in the same industry. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, inc (CSGP) Q3 2021 Earnings Call Transcript Image source: The Motley Fool. CoStar Group, inc (NASDAQ: CSGP) Q3 2021 Earnings Call Oct 26, 2021, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and thank you for standing by. Welcome to the Q3 2021 CoStar Group Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Bill Warmington, Vice President and Head of Investor Relations. Thank you. Please go ahead. 10 stocks we like better than CoStar Group When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2021 Bill Warmington -- Vice President and Head of Investor Relations Thank you, Sady. Good evening and thank you all for joining us to discuss the third quarter 2021 results of the CoStar Group. Before I turn the call over to Andy Florance, CoStar's CEO and Founder; and Scott Wheeler, our CFO, I would like to review our Safe Harbor statement. Certain portions of the discussion today may contain forward-looking statements, including the Company's outlook and expectations for the fourth quarter and full year 2021. Forward-looking statements involve many risks, uncertainties, assumptions, estimates, and other factors that can cause actual results to differ materially from such statements. Important factors that can cause actual results to differ include, but are not limited to those stated in CoStar Group's press release issued earlier today and in our filings with the SEC, including our most recent annual report on Form 10-K and quarterly report on Form 10-Q, under the heading Risk Factors. All forward-looking statements are based on information available to CoStar on the date of this call. CoStar assumes no obligation to update these statements, whether as a result of new information, future events or otherwise. Reconciliation to the most directly comparable GAAP measure of the non-GAAP financial measures discussed on this call, including EBITDA, adjusted EBITDA, non-GAAP net income and forward-looking non-GAAP guidance are shown in detail in our press release issued today, along with definitions for those terms. The press release is available on our website located at costargroup.com under Press Room. As a reminder, today's conference call is being webcast and the link is also available on our website under Investors. Please refer to today's press release on how to access the replay of this call. And with that, I would like to turn the call over to our Founder and CEO, Andy Florance. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Thank you, Bill. We did an excellent job. Good evening, everybody. Total revenue for the third quarter of 2021 grew by 17% year-over-year to $499 million. That's at the upper end of our guidance range at almost $0.5 billion in revenue for the quarter. Most encouraging year-over-year revenue growth for CoStar reached double digits this quarter for the first time before -- since before the pandemic and that's with a 10% revenue growth in the third quarter and 12% revenue growth in September. Net bookings of $47 million for the third quarter include the strongest sales quarter in the history of CoStar, which were only dampened by a soft sales quarter for Apartments.com. Adjusted EBITDA of $144 million exceeded the high end of our guidance range coming in $10 million, ahead of the third quarter consensus estimates. Our marketplaces continue to deliver exceptional value to our customers as traffic to our sites increased 25% year-over-year. Our marketing campaigns generated over $4.6 billion impressions in the third quarter across Apartments.com, LoopNet and Ten-X. We are welcoming our newest marketplace, BureauxLocaux, the French commercial marketplace we acquired on October 1st to our fast-growing network of property marketplaces. U.S. apartment market is experiencing the highest unit absorption rate in decades, causing the lowest vacancy rate in decades, and the highest rent growth in decades. The absorption rate, vacancy rate, and the rental growth are well outside one to two standard deviations to normal ranges in the past 20 years. The rate of change is stunning and the market stats are best described as whipsawing or extremely volatile. The pandemic initially caused a sharp drop in occupancy, high move volumes, and slight rent declines. With the availability of vaccine, absorption shot through the roof, and occupancy levels and rent growth soared. When you see it on a chart, the slope of the curve is unprecedented. For investment-grade rate properties 50 units or more in the United States, the average occupancy range over the last 20 years has been -- an average occupancy rate has been 93%. One standard deviation to low side of 92.3%, and one standard deviation to the high is 93.7%. That's a very tight range. Owners managed the range tightly to optimize for total revenue by moving unit brands using automated yield management systems. Last year, occupancy rates -- occupancy fell below the 20-year standard deviation low to 92%. Currently, at 95%, the vacancy rate -- the occupancy rate is way above the top-end of the standard deviation high of the past 20 years. 95% overall is a very high number. The 20-year average annual net absorption of apartment units is 218,000. This year, the annual absorption rate tripled that average with 658,000 units absorbed. Annual apartment rent growth is 12.4%, which is the highest it's been at any point in the past 20 years. The 20-year average is 1/6 that number at only 2%. The 20-year average rent for an apartment has been $1,250 per month, but today, that number has climbed to $1,676 per month. The sky high rents are good for owners but make for major housing crisis. Investors in apartments are being richly rewarded with the average sales price of an apartment unit at $248,000 a door, which is 82% above the 20-year average. What does this all mean for Apartments.com? Well, our clients are doing very well -- very, very well, but it also means that tens of thousands of large investment-grade apartment buildings in the United States are now basically fully leased. 12.5% of the U.S. investment-grade apartment communities are now 99% leased or more. This is unprecedented. You've likely heard anecdotal stories of every major apartment building in some neighborhood having long waiting lists. When a community becomes 99% leased, they may love Apartments.com but decide they can lower their advertising level with us. They want to continue a presence on our marketplace, but they do not need hundreds of leads a month with zero or one apartment available. Our renewal rates have remained high during this period, but thousands of communities that are essentially full, have reduced their spend with Apartments. During this high occupancy and market condition, some may have reduced their spend by 50% or more, though that's atypical. I believe this is a market anomaly that will resolve back to normal occupancy ranges within a few quarters. From economics 101, when an apartment community is fully leased, it has under-priced its apartments. And optimally full apartment community is about 93% leased. Over time, the automated yield management systems will keep pushing rents until occupancy falls back to 93%. As well as the current levels will draw additional supply, which we're already seeing high levels of supply -- new supply. I believe the yield management systems were either maxed out by the implied rate of increase necessary to optimize occupancy or the property managers took the systems offline because they felt that the potential rate of rent increases necessary to maintain optimal occupancy were outside of acceptable social norms for rent increases. One of the primary independent variables in many yield management systems is the number of leads coming into leasing office. More leads means more competition for available units, more competition means the owner can raise rents. We believe that Apartments.com is the primary source of these high-value leases that are driving higher rents for the owners. More leads to a point are good. So despite these wild unprecedented gyrations in the market, we believe that the demand for Apartments.com is as stronger than ever. In the year to come, we believe there will be unusually high unit turnover, and clients will want a steady lead flow during this great migration. In August, we surveyed more than 20,000 renters about their moving intentions. As a result of that survey, we expect apartment market will experience increased turnover, more out of market moves, and lower renewals as we head into 2021 and '22. When asked, when do you think you will next move into a new residence? 53% of survey respondents said they will move by winter. When asked, what do you plan to do when your current lease expires? Only 24% of renters expect to renew within the same community, down from 47% pre-COVID. This all makes sense given the huge affordability changes and changing work from home policies. Last month, the National Apartment Association held its first in-person meeting post-pandemic, and I was able to meet with a number of clients. One conversation stands out to me. As we conclude a meeting with our largest client, the senior member of that team stated that he wanted to make an important statement. He thanked us profusely for being the single most important partner to his firm. According to him, we are the single greatest source of leads for his communities and helped them have an amazingly successful year. He stressed how much we valued our relationship and how much he appreciates the great work we're doing for them. I've had thousands of client meetings over the last 35 years. His comments were unprecedented in their positivity. Over the past five years, this client has tripled their annual investment with us and become well more than twice the size of our largest CoStar client. Yet while he was thanking us profusely, his firm is reducing their spending level with us over the past few months by about 5% because of many of his communities were so full. Despite these market gyrations, I believe we have a fantastic relationship with this client and our relationship with him over the intermediate and long-term will grow and flourish. I believe they'll but continue to grow their investment in Apartments.com in the years to come long past this current market condition. While Apartments.com sales were soft this quarter, during this unprecedented high leasing environment -- or high-leased environment, the strength of our platform remains incredibly strong. Leads were up 39% year-over-year in the third quarter and visits were up 17%. This was partially driven by our biggest marketing quarter of the year or we developed -- where we delivered 3.5 billion media impressions in the quarter. As we've discussed here and on our second quarter call in July, the increase in our site traffic, combined with a largely flat pricing, has meant a windfall value to our clients in terms of effective cost per lead. The average cost per lead has decreased about 35% in two years from $9.55 in 2019 to $6.24 in 2021. To address this imbalance, we began rolling out a new rate card for apartments in September. The rate card further segments our prices with larger communities that are receiving more value, commensurately paying higher rates. In September, we began testing the new pricing with 150 clients, representing about 700 properties. The average initial price increases were 7% went smoothly and formally pulled the apartment sales leadership team, and they were not aware of any related cancels. Some of the discount eliminations are resulting in more significant revenue growth though and we expect to see more of that going forward. For example, in September, a Florida client with a 380-unit property with a gold ad was paying $759 and they renewed and they're now paying $1,399 for an increase of 84%. A Texas client with a 424-unit property with the platinum ad was paying $1,349 and they renewed and are now paying $1,799 for an increase of 33%. We will continue to scale our right pricing campaign and though it has not had an impact on this quarter, we believe that it will have impact in out quarters. Given the value of our client relationships and the extreme volatility of the current Multifamily markets, we're moving cautiously to protect the long-term value of our franchise. Despite all the sales successes we've had over the last 5 years, there are many more prospects out there today than we have clients so far. Our estimated penetration of 5 to 100 unit buildings is less than 4% and in the 100 plus unit buildings our penetration rate is only about 50%. We believe that we have many, many years of growth ahead for Apartments.com just through new client acquisition. Overall, we continue to believe the US apartment market is a $6 billion to $8 billion revenue opportunity for Apartments.com. CoStar had the strongest new bookings quarter of all time in the third quarter with net bookings up 57% sequentially and up over 500% year-over-year. The record performance was driven by multiple factors including the growing success of our upsell program, high renewal rates, new products and information capabilities, the return of annual price increase for renewals, and continued economic recovery. Based on our sales success in the third quarter, we now expect revenue growth for CoStar of 13% in the third quarter, returning to our long-term historical revenue growth rate. Historically, we sold multiple versions of the CoStar product across two dimensions, separate functionality modules for basic property information, comparable sales data and tenant Information, and separate geographic coverage for local, regional, state, national and global coverage. But 18,000 of our 30,000 CoStar clients had a version that was less than the full CoStar offering, so they were able to take -- they were not able to take full advantage of the CoStar product capability. On July 1, we started selling only the single comprehensive global integrated CoStar platform and began a 12 to 18-month process of upgrading those 18,000 accounts. This is a win-win in which clients get access to CoStar unmatched breadth and depth of information analytics on commercial estate globally, while we streamline product development, marketing and support. Since the start of the program on July 1, we have upgraded about 3,000 or 18% of those 18,000 eligible accounts, generating $7 million in annual sales. With a strong starting point, we remain confident the upsell process will generate $30 million to $40 million incremental annual revenue. Of the almost 1,300 clients, we surveyed in the third quarter who upgraded or had a conversation about upgrading, about 2/3 gave us a net promoter score of 9 or 10. We think the favorable reactions from clients reflect the higher value they're receiving from the incremental capabilities of CoStar single integrated platform. Again, the CoStar sales team delivered their best quarter of net new business generation ever, 8% higher than the extraordinary fourth quarter of 2017, back when Xceligent filed for Chapter 7 bankruptcy, and 27% higher than the first quarter, 2018 when we sunsetted LoopNet Premium Searcher. On a per rep net sales level, the team is 1.5 times more productive than pre-pandemic and these performance results are not just tied to our initiatives in pricing actions, we signed up nearly 20% more new customer agreements in Q3 2021 versus the quarterly pre-pandemic average in 2019. In the first quarter of 2021, we integrated commercial mortgage-backed security loan information to CoStar, CMBS data, providing our customers valuable insights into more than 1 trillion of outstanding commercial loans made over 100,000 commercial properties. Our clients have taken advantage of that highly detailed loan financial data with approximately 60,000 unique users collectively accessing that data over 800,000 times year-to-date. Next month, we plan to launch CMBS analytics which aggregates CMBS loan and property data across over a 1,000 markets by property type, representing over $3 million CoStar properties. In addition, analytics will also release prepayment information, historical loan commentary and status, and information on 150,000 disposed loans. We estimate the CMBS data generated over $3 million of net new annualized revenue in the third quarter. CoStar Lender, our new analytic tool that helps lenders with the underwriting, monitoring and regulatory reporting of commercial real estate loans is progressing on plan. We are walking clients through the system and their feedback has been very positive. We're on schedule for release in the first quarter of 2022. The first Lender release will focus on portfolio risk analytics and surveillance to help lenders meet regulatory and accounting requirements along with the loan screening tool for originators and underwriters. Subsequent releases will focus more on loan origination and underwriting, as we broaden the solution to cover the entire lending cycle. These lender tools are specialized high-value applications and so it will be priced at a premium to our standard CoStar offering. As such, we estimate they represent a potential incremental annual revenue opportunity of over $300 million. In mid-October, CoStar further broadened its international coverage with the launch of the Montreal market, the 18th largest city in North America by population. Montreal is the sixth market for CoStar in Canada since launch of Toronto in 2014. CoStar currently tracks about 33,000 properties from Montreal, with about 238,000 properties in Canada overall. Last Friday, marks the 2-year anniversary of the great acquisition of STR. The uneven recovery of the hospitality industry continued in the third quarter but STR's revenue continue to grow at an impressive 13% year-over-year. Their quarterly renewal rate on our business remained strong at 94%. An encouraging sign of the recovery of the health of the industry, STR continues to add to the number of hotels that provide data to us. In August, this number reached 70,000 hotels, which is an all-time high. Separately, we're seeing good progress in P&L, new contributors to P&L and forward cash, it's quite impressive. Back on April 1, CoStar Suite subscribers received access to highly detailed data on 90,000 new and enhanced hotel properties. In mid-September, we reached another milestone with a cumulative one million property views of that data by CoStar subscribers. While still early, the CoStar sales force campaign's targeting high-quality hospitality leads have generated over $2 million in new annualized revenue. Our LoopNet marketplace has delivered another strong performance in the third quarter with revenue growth of 17%. Growth in revenue from our premium diamond, platinum and gold signature ads was 52% -- was up 52% in the third quarter with a number of ads as well as the average price per ad, both growing by strong double-digit amounts. Renewal rates remained very strong, reaching an all-time high on a rolling 12-month basis in the third quarter, which demonstrates the recognition by our customers, the value and effectiveness of LoopNet advertising. Our LoopNet marketing campaign was in full swing in the third quarter and is expected to deliver 2.2 billion media impressions in 2021 across TV, streaming and social channels. Our inaugural campaign titled, Space for Dreams, featured prominent major sports events, prime-time TV, streaming services in a wide variety of digital channels. The campaign is targeting tenants who can search and find great spaces on LoopNet. In the third quarter LoopNet marketplaces grew traffic almost 20% year-over-year and delivered a new quarterly high of almost 11 million unique visitors on average monthly basis. In fact, our site traffic is now more than 40% above the pre-pandemic levels. Office vacancy remains very elevated by historic standards. We believe that LoopNet is uniquely positioned as the ideal marketplace for brokers and owners to market to help fill those painful current and potential vacancies. We continue to make progress expanding our direct sales channel for LoopNet. New hires and training were launched in the third quarter, we currently have 32 salespeople people dedicated to selling only LoopNet. Our goal is to have 50 dedicated LoopNet sellers by the end of the year or more, and continue to hire aggressively throughout 2022. Our CoStar infos sales team will continue to sell both CoStar and LoopNet in the foreseeable future. Overall, I'm very happy with the value and the performance of our net -- LoopNet marketplaces and the growth potential before us. Today, our signature ad listings only represent about 7% of the highest value properties across the U.S. And so, I believe, we are well-positioned to continue strong double-digit growth for many years to come. Our residential business delivered strong 3Q results with our Homesnap product revenue growing almost 40% year-over-year and SaaS revenue growing almost 45%. Homesnap Pro registered users grew 15% to 777,000. Total agent subscribers to Homesnap Pro+ grew 53% to over 67,000 at the end of the third quarter. At the end of the second quarter, we repurposed approximately 60 salespeople from Homes.com to Homesnap. Upon completion of their training, the group went into production in mid-July. The results have been outstanding. In their short time selling at Homesnap, Homes.com transplants have generated over $5 million in annualized revenue. The average monthly reoccurring revenue generated by these new salespeople at Homesnap is about 70% higher than when they were selling at Homes.com. Throughout 3Q, we eliminated or are winding down the vast majority of the products and banner ads sold through the Homes.com website. We refocused the Homes.com team to improve and optimize the Homes.com site and implement a new experience for agents and consumers using the platform. For the first time ever, consumers can come to Homes.com or a major real estate portal and connect directly to the listing agent consistent with, our your listing your lead philosophy. Consumers are no longer served up buyer agents who know nothing about the property or the buyer. And that's been a major pain point for agents -- consumers with other competing residential sites. So we're doing something completely different and hopefully, it will be a much better experience for the agents and the buyers. Now, in addition, we are increasing the content on Homes.com to give consumers expanded options to find a place to live. Starting in August, Apartments.com listings are now appearing on the Homes.com site, adding over 800,000 apartment availabilities for consumers to choose from. This added content not only improves traffic to Homes.com, but it is expected to add millions of unique monthly visitors to Apartments.com, benefiting both of these marketplaces. The response to these changes has been very encouraging so far. Properties generated and sent directly to listing agent were up over 60% since we acquired Homes.com compared to the same period last year. Two weeks ago, we announced a very important new partnership with the Real Estate Board of New York or REBNY to create Citysnap, the first-ever consumer-facing search website and mobile app for New York City's residential listing service are connected to that unique fleet of data of the agents maintained. Citysnap will provide complete, accurate, and real-time residential listing data agents, building owners, and most importantly, home buyers and tenants. The new site and app will go live in the middle of 2022. Citysnap will offer consumers and brokers multiple advantages. It will be free to list on Citysnap, so that means we have all of the listings, not just the paid listings. We will connect potential buyers and renters with a listing agent consistent with our, your listing your lead, philosophy, and make collaboration possible through access to Homesnap's suite of tools. The thing that makes Citysnap partnership revolutionary, however, is promoted listings. While you can find promoted listings on the Internet for just about any other product these days, including apartments on Apartments.com and some commercial properties on LoopNet, you don't see that for residential homes in the U.S. until now. As far as our partnership with the Real Estate Board of New York, we will be able to offer promoted listings on Citysnap, so agents and consumers will be able to buy preferred placement and features to increase market exposure. In a few weeks, we'll be attending the National Association of REALTORS Conference. The Annual NAR Conference is the industry's largest trade show drawing thousands of residential property professionals from across the country. As we did with our customers in the apartments industry, we want our presence at this show to be a sign to residential real estate brokers and agents that we intend to partner with them and support them as opposed to trying to disintermediate them. We believe we can build a profitable successful business without disintermediating our clients. We plan to use our technology and services to help them strengthen their relationships with their clients and sell more properties. Less than 10 years ago, we had literally almost no presence, traffic or revenue in online marketplaces. Since that time, we've grown to be the leader in digital real estate marketplaces with approximately 90 million unique visitors per month and we're generating nearly $1 billion in run-rate revenue in the third quarter for a 10-year compound annual revenue growth rate of 55%. We have successfully demonstrated our ability to generate leading marketplace positions by curating the best content, offering a great user experience, and bringing effective market strategies to bear. Our Belbex business in Spain, which we purchased in 2015, had no marketplace exposure back then and had 1/10 the site traffic of much larger competitors. Within five years, we've grown our listing content by 22 times and achieved the top position among dedicated commercial property portals in Spain with about 70% of our traffic coming organically. Realla in the U.K. has grown listing content eight times in three years and increased the number of unique visitors to our site by over 4 times. During this, Realla's share of commercial property site traffic has increased from 5% to almost 16%. We are excited to continue to expand our international marketplace capabilities with the acquisition of BureauxLocaux, one of the largest specialized property portals for buying and leasing commercial real estate in France. Launched in 2008, BureauxLocaux provides a subscription-based commercial property listing advertising platform with a client base that includes over 90% of France's top commercial property agents and brokers. Traffic to the company's website BureauxLocaux has grown by 30% on a compound annual basis since the beginning of 2018. BureauxLocaux has over 60,000 for sale and lease listings, and over 425,000 business to its website each month. This acquisition is an important one for our international expansion strategy as France has the sixth largest economy in the world and has total real estate valued and estimated at 7 trillion. BureauxLocaux has built a leading commercial property-specific platform with national coverage, great brand recognition, and an excellent reputation among its clients. Finally, Ten-X revenue grew 20% -- I'm sorry, 27% year-over-year in the third quarter of 2021. We saw a 19% increase in average deal size and a 32% increase in transaction volume. Unique visitors to the Ten-X site grew 230% year-over-year. The average number of bidders per asset in the third quarter was 3.6% versus 2.8% a year ago. The synergistic network effect of improving supply and demand is reflected in Ten-X trade rate, which is the total assets sold as a percentage of the total assets brought to the platform. The third quarter 2021 trade rate remained strong at 71%, which we believe is about twice the average trade rate for offline traditional property sales. On the supply side, the dollar value of assets brought to the Ten-X platform year-to-date grew 37% from $1.7 billion in 2020 to $2.4 billion in 2021. Total gross merchandise value sold in the third quarter increased 92% year-over-year. 83% of the assets by dollar value we closed in the third quarter of 2021 were performing assets sold by institutional and private client groups. In the third quarter of last year, that figure was only 65%, reflecting the ongoing transformation of Ten-X from a distressed asset platform into a market-rate commercial property sales platform. Ten-X is still very capable of selling distressed though, and with office vacancy rates at the highest level in decades, and only 36% of the leased space occupied, we currently have an absurdly high functional vacancy rate of 70% in the office world. The Kastle security access data also shows us that only -- we're only seeing about 100 basis point improvement per month in the percent of swipe cards being used. If this issue results in a significant number of distressed properties coming to market, Ten-X could experience a major windfall in some of these distressed properties in the quarters to come or years to come. We believe that these strong performance numbers prove that Ten-X's value proposition of better speed, certainty exposure, cost and control than using a traditional property sales process, increasingly resonate with brokers buying or selling commercial real estate properties. So at this point, I'm going to turn the call over to our Chief Financial Officer, Scott Wheeler, who's going to share some riveting numbers. Scott Wheeler -- Chief Financial Officer I know how much you love the riveting numbers. You're like -- you know that Charlie Brown show with the teacher. All you hear is wha -- you'll hear, wa-wa-wa, number number, wa-wa-wa, number number when you listen to me. I can tell. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer I hear some things. Scott Wheeler -- Chief Financial Officer Anyway, thank you, Andy, for your introduction. Great to have another strong financial quarter in the books and of course, to see all the increasing number of product content and marketing investments, as you can hear from what Andy said, we are delivering such great value to all of our clients. So it is clear that over the past few years, we have established both CoStar and Multifamily as businesses that are operating within these massive addressable markets and each of them have multi-billion dollar revenue potential. Now, similarly, our LoopNet marketplace and now our Residential business also both operate in massive addressable markets and each have multi-billion dollar revenue potential. So this quarter we revised how we report our disaggregated revenue, increased the visibility to these billion dollar plus potential business areas. CoStar, Multifamily, LoopNet and Residential. Each of these revenue will now be reported individually. Each of the sectors include both domestic and international revenue where applicable. So the revenue sector that was formerly known as Commercial Property and Land has left the CoStar Group and it's now working full-time from home on a lovely beach somewhere. So we had to say farewell to Commercial Property and Land and thank them for the sector's solid 5 years of performance and exceptional service. So in its place, we now have a new, and I must say a very creatively titled sector that I personally named, called Other Marketplaces. Now, I didn't spend a dime of our precious marketing to come up with that one. But it does include Ten-X, our Lands and our Businesses for Sale marketplaces. So hopefully, I'll remember to provide the relevant comparisons to all of you this quarter for the old grouping, while we transition to the new revenue sector information. We'll help everyone come along with the transition. So I'm sure if I missed something you'll probably ask. So in the third quarter, revenue of $499 million was near the high end of our guidance range. CoStar and Residential both outperformed in terms of revenue in the quarter, partially offset by the lower revenue than we expected in Multifamily. Organic revenue growth for the third quarter 2021 was 12%, which is in line with our expectations. CoStar revenue increased 10% year-over-year in the third quarter, ahead of our guidance, marking the highest CoStar growth quarter since before the pandemic. CoStar is definitely on a roll. Renewal rates for CoStar remain near all-time highs and the average revenue size of our contracts has increased over pre-pandemic levels by over 20%, also very encouraging signs. The strong sales performance by our CoStar sales force that Andy mentioned, is expected to accelerate the CoStar revenue growth rate in the fourth quarter to 13%. Now, prior to the 2020 downturn, CoStar revenue growth has been between 12% and 14%, on both a 10 and a 5-year compounded annual basis. So we're now firmly back in our CoStar comfort zone and we expect to stay there for the foreseeable future. Keep in mind that we only recently initiated renewal pricing increases, which we expect will provide additional tailwinds for CoStar revenue growth throughout next year. Information services revenue grew 8% in the third quarter of 2021 as our subscription revenue continues to grow in STR and Real Estate Manager. One-time report purchases and other transaction revenues were slightly behind expectations. We expect lower transaction revenues in the future as we're now selling CoStar subscriptions to hospitality companies following the integration of STR hospitality data that we completed earlier this year. So over time, this is expected to eliminate the need for these customers to purchase one-time report products. This is of course, part of the subscription model strategy that we employ and we pursue with all of our acquired businesses. Accordingly, we anticipate information services revenue to grow approximately 9% for the full year of 2021. Growth in Multifamily revenue was 10%, slightly below our expectation for the reasons Andy mentioned. Approximately half of the revenue growth year-over-year in the third quarter's from new properties advertising with us and the other half's from growth in the average rate for property. As we continue to ramp up our new price program in the fourth quarter and beyond, and considering the latest Multifamily market trends that Andy discussed, we expect the year-over-year revenue growth rates for Multifamily is to be in the mid-single digits in the fourth quarter of 2021. Now for comparison purpose to our sector guidance at the end of the second quarter, the old Commercial Property and Land group of marketplaces delivered 53% year-over-year revenue growth in the third quarter, with all the businesses in this sector performing at or ahead of our expectations. Our LoopNet marketplace revenue sector includes the LoopNet marketplace as well as the international commercial property marketplaces. These are Belbex in Spain, Realla in the UK and now BureauxLocaux in France. The addition of BureauxLocaux into our financial results does not have a material impact on the quarter on the LoopNet marketplace sector. The LoopNet revenue increased 17% in the third quarter, marking the twelfth straight quarter of double-digit revenue growth. Signature ads, which grew 50% plus year-over-year, are up both in volume by 20% and revenue per property by 30%. Once again, the CoStar LoopNet sales team knocked it out of the park for the quarter. They sold over 90% of their output coming from CoStar and less than 10% went to LoopNet. Now, this is a great news overall, of course, and even with this trend, heavily weighted to CoStar sales more so than last quarter, we still expect LoopNet revenue growth of 14% in the fourth quarter and 16% growth for the full year of 2021. Revenue from Residential business was $25 million in the third quarter with Homesnap providing the vast majority of the revenue as we did wind down the legacy Homes.com's products. Homesnap pro forma revenue growth was nearly 40% for the third quarter of 2021. We expect Residential revenue of $20 million in the fourth quarter with Homesnap revenue growth exceeding 50%, which is higher than our previous forecast. The new direct sales force in Homesnap is delivering great momentum during what is typically expected to be a slower time of the year. We're successfully winding down Homes.com legacy revenue ahead of schedule and don't expect a material contribution from these products in the fourth quarter of this year. Because of this faster elimination of the Homes.com legacy revenue, fourth quarter 2021 revenue for Residential in total is slightly lower than what was included in our prior forecast. For the full year 2021, continuing revenue in our Residential business is expected to be a little over $60 million, which excludes the discontinued Homes.com revenue. Revenue for Other Marketplaces, our newest member of the revenue reporting family, includes Ten-X along with our Lands and Businesses for Sale marketplaces. Approximately half of the revenue in the second half of 2021 in Other Marketplaces is from Ten-X. Because Ten-X revenue is transactional and recognized when the closings occurred for properties that are sold through the platform, the Other Marketplaces revenue doesn't behave in that same friendly linear fashion as our businesses that are fully subscription based. In other words, we expect a few more ups and downs between quarters depending on the property sale time. Other Marketplaces' third quarter 2021 revenue grew 21%, with all businesses delivering double-digit growth. There is uncertainty in the timing of when some assets will close in the fourth quarter for Ten-X, which caused a modest reduction in our fourth quarter revenue outlook. Lands and Businesses for Sale marketplaces are expected to deliver strong double-digit growth in the fourth quarter. The total revenue is expected in the $32 million to $33 million range for Other Marketplaces in the fourth quarter of 2021. Our gross margin came in at 81% in the third quarter, consistent with the prior 2 quarters and a trend we expect to continue through the end of the year. Net income was $64 million in the third quarter of 2021 and our effective tax rate was 23%, which was in line with the expectations we provided in our last call. Adjusted EBITDA was $144 million in the third quarter, up 8% from prior year and $9 million above the high-end of our guidance range. The favorability is a combination of slower ramp ups in hiring and slightly lower marketing costs in the quarter. Adjusted EBITDA margin was 29%, 200 basis points above our third quarter forecast. Cash and investments approximated $3.8 billion at the end of the third quarter, an increase of $87 million from the end of the second quarter of 2021. Looking at some of our performance metrics, our sales force approximated 850 at the end of the third quarter of 2021, which is a slight increase from the third quarter in the prior year and down around 55 people from the second quarter of 2021. The sequential reduction in sales headcount is primarily the result of the integration of Homes.com and the reduction of the sales force that was not repurposed to sell Homesnap and Multifamily. LoopNet and Ten-X sellers increased while Multifamily sellers decreased modestly during the quarter. Contract renewal rates were 92% for the third quarter, in line with the second quarter and a 300 basis point increase versus the third quarter last year. Renewal rates for customers who've been subscribers for 5 years or longer was 97%, consistent with the second quarter of this year and 250 basis points above the third quarter of last year. Subscription revenue on annual contracts accounted for 76% of overall revenue, a 1% decrease from the previous quarter because of the Homes.com acquisition. I'll now talk through our outlook for the full year and fourth quarter of 2021. Full year revenue for the year is now expected in a range of $1, 935,000,000 to $1,940,000,000 for 2021, which represents a narrowing of our guidance range along with approximately an $8 million reduction at the midpoint. This reduction reflects a more cautious approach to our forecasting to the Ten-X property sale timing, the net impact of CoStar strength against lower Multifamily revenue growth, and the accelerated elimination of Homes.com revenue in the fourth quarter. This full year range implies a fourth quarter revenue range of $498 million to $503 million, representing revenue growth of 13% year-over-year at the midpoint of the range. We are increasing our adjusted EBITDA outlook for the full year by approximately $8 million at the midpoint of the range. We now expect adjusted EBITDA to range from $615 million to $620 million, which incorporates outperformance in the third quarter, along with continued cost favorability in the fourth quarter of this year. Fourth quarter adjusted EBITDA is expected in the range of $161 million to $166 million for an adjusted EBITDA margin of around 32%. So that about wraps it up for me today. I will now turn the call back over to Bill and our friendly moderator to open up the line for questions. Bill Warmington -- Vice President and Head of Investor Relations Thank you, Scott. Sady, would you please give instructions and assemble the roster for the Q&A portion of the call? Analysts, please limit yourself to one really good question. Thank you. Questions and Answers: Operator Thank you. [Operator Instructions] And for our first question we have Peter Christiansen from Citi. Pete, your line is open. Peter Christiansen -- Citibank -- Analyst Good evening. Thanks for the question and thanks guys for the added transparency disclosures on the revenue side. Really appreciate. I think I have to ask this question, I know we are in just the end of October here. But Andy, I guess as you look forward to 2022, just wondering if you had a sense on spending as you think about ramping up the Residential effort? Any sense of how that will play and whether there is any connection there with some of the revenue weakness that we're seeing in the Apartment side? Do you have the opportunity to pivot more spending dollars from the Apartment over to Residential? Thank you. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Yeah. So at this point, what we're focused on with Residential is growing our selling operation of Homesnap. So Homesnap, we're having great success there, as you can see from these numbers, good strong SaaS revenue, subscription revenue, the concierge product. We're accelerating that growth rate dramatically. We believe there is additional room to accelerate that growth rate of Homesnap. So the Homesnap Pro product doesn't have a sales force right now. That product reminds me an awful lot of what LoopNet looked like over the last 10 to 15 years, when it was being sold at a $50 a month subscription level. And I think it would be healthy for us to be growing the community of residential agents that regularly connect and log into Homesnap and turned to us as an important marketing tool for them and information tool from us. So that's our primary focus and that does not involve large-scale marketing initiatives. That's really about salespeople and software. And secondarily, what we're focused on doing is dialing in exactly the right formula for Homes.com and the right relationship between the professional community at Homesnap and the consumer, the buyers, who are going to be on Homes.com and making sure that we're -- we design the right tools there for them. So until we have finished that software, finished those designs, fully flushed out where these two products are going, which we're working very hard on right now, we are -- it's premature to be looking at dramatic spending initiatives beyond adding salespeople to Homes.com and over to software initiatives and the like. So it's still open. Now, could we dial back some of the spending on Apartments.com when so many apartment communities are full? Probably and we've already had those discussions. Not huge -- it's not something that is necessary to free up some initiative over on the Residential side. So. Operator For our next question we have Jackson Ader from J.P. Morgan. Jackson, your line's open. Jackson Ader -- J.P. Morgan Securities -- Analyst Great, thanks, guys. I'm on for Sterling Auty tonight. The question really is about timing of two things; expectations on maybe the timing for the Multifamily business to begin to rebound and then Andy, when you mentioned the potential windfall for Ten-X, with some of the distressed assets may be coming onto the market. Any expectation on when that -- when or if that timing might come to fruition? Thank you. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Sure. So there are two primary factors. With the Apartments.com, I think I mentioned, one is this unusual volatility, this spike in occupancy levels that's unprecedented. I am predicting something that hasn't happened before. I believe it begins to reconcile in the next 2 quarters. It could be 1 to 4 quarters, but I do not believe that sophisticated operators of apartment communities are going to leave their occupancy levels so high and miss an opportunity to churn rents as well as you're just naturally going to have so much musical chairs and churn going on because of these pricing changes and work from home changes. So I think it will break pretty quickly. The second major factor is the fact that we are delivering significantly more economic value to our customers than we've ever delivered before and I believe there is an opportunity to recognize that we trialed some of that in September and we'll continue to ramp that up into the fourth quarter and first quarter and the second quarter. So I think you're probably -- you're not looking for any dramatic changes in the fourth quarter of this year, but I think you'll move into a strong 2022. And again, I want to stress that the product itself is as strong as it's ever been and we've actually been a part of probably helping the industry to achieve the highest rents they've ever achieved. I wish we had options on rental levels, but we don't. And I guess the second question was, when would we expect to see Ten-X benefit from distressed levels in office. Well, it's not a -- it's not something we can predict, it's the exact date or something like that, it's just, my sense is as I walk through all these office buildings and I don't see a human being that there is a potential problem there. And so, at some point rational CFOs will begin to right-size some of these properties. I do believe that work from home is not an effective long-term solution. I think that will mitigate to some degree in the market and we're seeing all kinds of examples of businesses running into trouble because they're not operating at the same productivity levels from the work from home model. But I think that -- I think it could be at 2022 thing. I can't believe there won't be some distress somewhere, especially second-generation office buildings may have a tougher time. But Ten-X is really good at selling -- finding its biggest audience possible to find that buyer for some real oddball stuff and some high-quality stuff, so I would think 2022 but I'd be surprised if there is not some sort of something come in there. So these two factors are effective 70% vacancy rate is potentially a tailwind behind LoopNet and Ten-X. Operator For our next question, we have David Chu from Bank of America. David, your line is open. David Chu -- Bank of America -- Analyst Hi, thank you. So should 4Q then be the trough in Multifamily revenue given that you get some pricing benefits and then occupancy rates can't really go higher, is -- does that makes sense? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer That likely make sense. And yeah, it'd be really odd if occupancy rates went higher. Scott Wheeler -- Chief Financial Officer Yeah, not much room left. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer That'd be strife. David Chu -- Bank of America -- Analyst Okay. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer So I think that's a fair assessment. Operator For our next question we have George Tong from Goldman Sachs. George, your line is open. George Tong -- Goldman Sachs -- Analyst Hi, thanks, good afternoon. So apartment vacancy rates have reached the lowest level in recent history. And you mentioned that that should normalize in few quarters as yield management systems push rents up. What's the likelihood that this could be the new norm over the medium term as the economic recovery continues to take hold and how receptive have customers been to some of your pricing in lead management initiatives to try to compensate and address the prevailing dynamics? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer So I think that -- I do not believe it's the new norm to have 99% leased communities. I do not believe -- it's sort of like unemployment, like if you get to 1% unemployment, you have a very unhealthy economic situation. If you get to less than X number of days of supply of housing, you get to a very -- you get to a frozen market. So I believe that it remains in the owner's interest to have enough vacancy that they're sort of testing -- they have churn in there and that they're testing the upper limits of their pricing. Let's say, for these folks, with fixed mortgages moving these rents up is extremely attractive, their NOI goes up at a much higher rate than their rental rate does, so you move 10% up on your rental rate, you might be moving up 40% on your NOI and a cap rate of 3.5%. These folks are motivated to push rents. They may push rents and sell the asset, right? But I don't think it's a new normal. And so, secondarily the reception we've received to the pricing changes has been very positive. Again, I polled -- I met for couple of hours recently with some of the senior sales leadership on the apartment side and asked had anybody canceled. And the answer I get back without doing a deep dive audit was no. And then, secondarily overall, people were fine with it. And I remember these people that we're pushing these pricing increases to, it's not that we are increasing their price, we are reducing the rate at which we reduce their cost per lead at the time in which they're getting tremendous value from these more and more efficient lower cost leads. And I think it's possible that we're giving some of these communities' leases for as low as $30 at least when they have historically paid potentially $300, $700 per lease. So I think, it's a fairly straightforward conversation. We're delivering value and I think folks want us to continue to deliver that kind of value. So it's a -- it's something people are responding to now. I'd be disappointed if some owner or property managers somewhere didn't bring out their procurement officer and try to beat us up. So I'm expecting that to happen, but no cancellations so far is pretty good. George Tong -- Goldman Sachs -- Analyst Very helpful, thank you. Operator For our next question, we have Ryan Tomasello from KBW. Ryan, your line is open. Ryan Tomasello -- Keefe, Bruyette & Woods, Inc. -- Analyst Good evening. Thanks for taking the question. It's clear that apartments will continue to be a bit of a drag on growth heading into next year depending on how these unprecedented occupancy levels evolve. But I wanted to give you an opportunity, Andy, to walk through some of the bright spot tailwinds for the business in 2022 and where you think there is room for growth acceleration. For example, at LoopNet, where the sales force is ramping, residential where you're making investments, and also CoStar suite with these new product enhancements and the upsell effort. I guess without tipping your hand on guidance, how are you thinking about the organic growth power for the business progressing through 2022 and even beyond if you're willing to get out that crystal ball? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Sure. So first of all, bright spots in just the Multifamily and Apartments.com, it's important to keep looking at those penetration rates overall. So there's two factors, what your revenue is per unit with your existing customers, and then also your ability to add new customers. So we still remain at very low penetration rates. We are proving our ability to sell not only at the 120, 150 unit communities, but we're proving our ability to sell successfully at the 75-unit communities, the 50-unit community, 30-unit community, 10-unit community, 4-unit community. So it's all greenfield for Apartments.com. We have -- we can double, triple, quadruple, grow tenfold the number of communities participating with us through time. So that's an important growth driver that remains here in 2022 and certainly, we'll remain very focused on. So -- and then, the other thing is that these pricing initiatives and rightsizing also, I believe could generate -- may well generate some good momentum moving into the middle of 2022 for Apartments.com. LoopNet is, as I said, doing really well. You see it in the traffic numbers. I really do believe that digital marketing is the new norm in commercial real estate, and I believe we have an extraordinary opportunity there because of our incredible share of traffic and eyeballs in the industry. I think, there are a lot of folks in commercial real estate who were still operating on 1985 marketing paradigms, largely based on print or a digital substance of print, and I think that there's going to be more and more awareness and awakening there. I'm thrilled with what's happening in Homesnap. Everyone was looking for us to go out and spend a trillion bucks on marketing and do sort of exactly what REA Group is doing or what Rightmove is doing. We will develop and pace something like that, but we have a great product there in Homesnap that residential agents like, and it hasn't been widely marketed or sold to that community, and we're pretty good at doing that. So I think, there is a lot of revenue that can be built there and that's great revenue because it's strategic revenue that builds the base platform, that's unique to us to be able to also be a leading player in the consumer marketplaces. CoStar, you heard our discussion of all these new sort of initiatives beyond the upsell process, but just the lender STR, that sort of progression of new features, it's going to be -- I am blown away by how well our salespeople are doing on that side. Just the individual productivity rates I'm seeing are unprecedented. And the whole reason we're doing this upsell initiative -- the whole reason we've been launching a successful upsell initiative is to prep the field for the next revenue growth initiative, which is unlocking the value of cross-border information with our gradual expansion into Europe, continued expansion into Canada, and the fact that the vast majority of investing of institutional great assets crosses borders. We want to be able to provide solutions there and then, actually drive revenue for our shareholders there as well. So no shortage of stuff going on. Across all these businesses we've got, we are going to get some market anomalies, some odd things happening here and there, a black swan event here or there, but a lot of tailwinds overall. And thank you, Marc Swartz and Dru Davidson for just killing it and your sales team there in CoStar. Operator For our next question, we have John Campbell from Stephens Incorporated. John, your line is open. John Campbell -- Stephens, Inc. -- Analyst Hey guys, good afternoon. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Good afternoon. John Campbell -- Stephens, Inc. -- Analyst On the REBNY partnership, and so -- I mean, obviously stood easy as you've kind of dominated that NYC market in recent years. We've heard a lot of pushback on the kind of daily listing fees. I think, they started with a freemium model, but the pricing has gone from, I think, it's $1.50 to like $6 per day and that's happened in a handful of years, but Andy, I think you said this is going to be free to list. So I'm just curious about Citysnap's approach to pricing or are we basically thinking about this more of like a strategic move for you guys, maybe something you can build off in the future? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Sure. So remember Citysnap is Homesnap and there are over a million agents and those agents, when they start using Citysnap, when the MLS buys from it, it might be free, may not be. But when they subscribe to the enhanced functionality of the product, they may begin spending $50 a month with us. Similar to what we used to get for LoopNet. Then, if they start using us for concierge marketing services they might spend $500 a month with us, $600 a month with us. And when you start thinking about a million agents spending $500, $600 a month, then you start to get to an interesting number because that's not a year, that's a month. $500 a month, so we're selling a lot of that right now and that's going well. So we don't really have to do anything like what StreetEasy is doing, which is so unpopular in order to be financially successful. So, yes, I'm aware that folks are pretty annoyed with StreetEasy and the fact that the prices are going up so rapidly, it's all pay-to-list and some of the functionality where they're using other people's listings to try to get brokers fees or agent fees for other people. Like, we have to pay to not have a different agent's name on your listing is kind of, blackmail's too strong a word for it but it's Zillow mail or something. I don't know. It's a little offensive to the industry, which is why you're seeing stuff like such an unprecedented thing this never happened before. There's never been an MLS before in New York City. This is the first time the agents have all gotten together and actually created something together, and we're honored to have the chance to try to serve that. Initially, the fees on Homesnap Pro Plus, which is Citysnap Pro Plus and the concierge marketing products and then ultimately over time, it will be marketing revenue very similar to what we do with Apartments.com, LoopNet or REA Group. These are marketing solutions that allow almost all the brokers to participate, not just a small selection of them. It's something we do that allows them to participate in a way in which they feel that we're their ally, not their disintermediation enemy. So there's a whole bunch of ways we can do this. Now, we don't minimize the challenge of building an audience and -- but we obviously have experience in building audiences and we've -- we like taking on these challenges. I'm not sure if I answered your question but that was that. Operator For our next question we have Andrew Jeffrey from Truist Securities. Andrew, your line is open. Andrew W. Jeffrey -- Truist Securities -- Analyst Thank you. Appreciate it. Good afternoon, guys. Andy, I just want to understand the dynamic in Multifamily pricing and I appreciate the fact that you're lowering apartment owners and managers cost to generate leads and that's the key. Can we think about, perhaps because of the value proposition a period at some point in the next 12 or 18 months as vacancies normalized, where we see demand increase on top of the pricing increases you've put in place? I mean, I don't -- in other words, I wouldn't expect prices to revert. So you could get some leverage coming out of this, timing uncertain? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Oh, absolutely. So the value proposition we've delivered is really incredible. So when we bought Apartments.com 5, 6 years ago, they were generating I believe, sub 20 leads per property per month, maybe 10 to 15. We're now generating 175 leads per month. The pricing hasn't moved anything like that and so rerationalizing that pricing to effectively slow the rate at which we bring the cost per lead down is separate from what's going on these super high occupancy level. So we might see revenue growth associated with more rational pricing of lead delivery, recognizing that some communities may need more leads, some communities need less but we may see pricing revenue acceleration from that and then, you may see a return to people needing to move up our tier levels to drive more listings as they see vacancies as people move back and forth and play musical chairs in rentals with all this work from home stuff and as well as potential changes in the economy and then also changes they get higher rent growth. So if these folks pull another -- if our client pull another 10% rent increase, they may see the occupancy levels fall. Still at high levels but our leads will become worth 10% more than they were before and again, from an NOI perspective our leads become worth 30% more. So I think you're right, it could be a double whammy but Mr. Wheeler here has to play the role of Eeyore and in his capacity, I'm sure he's going to talk about it, but there are some positives, like what I mentioned for the renewal pricing increases in your comments but we're selling new ads under our new pricing structures that are being sold for 15% to 20%. Price is higher than we were selling them for in July and hundreds of properties are coming and paying those prices. So to your point, Andrew, we have typically seen 10% volume growth over the years and we have plenty of room to penetrate with volume growth. So if you had a nice volume growth kicker on top of a 15% new price card that's interesting, coming from Eeyore. Better than last Eeyore. Operator For our next question we have Mario Cortellacci from Jefferies. Mario, your line is open. Mario Cortellacci -- Jefferies Group -- Analyst Hi, guys. Thank you for the time. Given all the dry powder that you guys are still holding, I'm just wondering how we should think about the potential timing, maybe even sizing of deals over the next 12 months? Or maybe even asked a different way, if your current pipeline or what's in your current pipeline? Could you just give us a sense for how many deals do you think you can close that are maybe more tuck-in in nature and are there any chunkier deals out there that maybe we're not seeing in the private market? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Sure. Yeah. I appreciate the question but as you know, we're not going to tell you anything that really identifies anything. I can tell you anecdotally, 15 minutes before this call I picked up the phone, I called Martin Johnson, our Head of M&A and updated him on four or five thoughts we had. A relatively small companies but could be nice tuck-ins, strategic. There is always a big pipeline of strategic things. There are some that are a little bit bigger, there are some, I think that'll get -- I think is pretty straightforward and positive that we're working on that has nuances that are challenging, but could be interesting. We just turned down a pretty significant deal because after due diligence we felt it was ultimately not the right value and had too much hair on it. And-but I think it's more of a -- right now, what we're looking at is more deals that enhance the general initiatives you're well aware of. We're not looking at anything right now that really jumps us out of the things you're familiar with, the general strategic themes that our investors are well aware of, but there are a lot of things that can help us strengthen what we're already doing. Operator For the next question we have Jeff Meuler from Robert Baird. Jeff, your line's open. Jeffrey Meuler -- Robert W. Baird -- Analyst Yeah, thank you. For Apartments.com, can you give us some perspective on how the business is performing in any metro areas that are closer to the median for vacancy rates? And I'm talking relative to the historical median or within one standard deviation or something to the extent to which they're out there. And then, historically, how sensitive has the business been to new apartment construction? I recognize that there is a interplay with occupancy rate but just in terms of the need to advertise, to lease up the new builds and any update on those trends of sensitivity. Thanks. Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Sure. So just keep in mind one thing as you consider that what's going on here. If you ever think about the new job creation numbers, you might -- people might be expecting 208,000 new jobs this month. People forget that that is 5 million jobs lost and 5.2 million jobs gained. So the 200,000 is -- and that's the same thing here. The -- you might have a relatively small movement of people downgrading, which causes a softness in the apartment sales because they're so occupied. The under construction side of the business is solid and cranking and we are at a near all-time high of supply. And those communities always, I mean most typically, look to Apartments.com to fill up their communities when they hit the market fully vacant. So that business is as good as it's ever been, and it doesn't take a Nobel laureate economist to know that with rents climbing 12 per second and cap rates going down to 3 point whatever percent that they're -- you're going to see more supply, especially apartments as an inflation hedge. So I think, you're going to see a lot of activity in land, and I think you're going to see a lot of activity with people bringing apartments to market as quickly as they possibly can. So I think that business is going great. In terms of -- anecdotally, one market versus another, these different markets are gyrating -- doing these spikes and occupancy is slightly different pattern. So the beginning, early stage of pandemic, you saw spikes and say like, secondary, tertiary say in like in Richmond or San Diego, and you saw vacancies rise in markets like New York, then you see in New York shoot up and occupancy levels down in Vegas. So they're all moving around with pretty good volatility. So we don't have -- we aren't really identifying clear-cut different trends from one market to another. Just generally, the overall theme is demand for apartments right now is an unprecedented high and the supply is high too, but demand is super high and it's across the country. Operator For our next question, we have Stephen Sheldon from William Blair. Stephen, your line is open. Stephen Sheldon -- William Blair -- Analyst Hi, thanks for fitting me in here. On the international data opportunity, how important are these commercial marketplaces, Realla and Belbex, now the recent one in France, to your overall data gathering capabilities in these markets to pull back into the global CoStar data platform. And then, how are you thinking about continuing to expand commercial marketplaces in other countries, and I guess into regions to like APAC, could you do that with the existing assets or will you likely continue to do smaller acquisitions like BureauxLocaux? Andrew C. Florance -- Founder, Director, President and Chief Executive Officer We would -- so you're going backwards there. We would -- as we've been for many, many years, we would always be open to looking at good strong players who have -- are part of the data-clearing house for the market. These are sort of good-grade raw material companies to help build a larger platform with. So, deals like BureauxLocaux, we would keep looking for those, and they're out there around the world, so we keep track of them. And now in terms of how important are these sites. Well, they're very valuable. I mean, we can go into a market without them. Like you can see us creating a marketplace in Spain successfully, but we like to accelerate that growth and marketplaces generate a lot of high-quality data users actually, electronically submit a lot of that data. It is well within our wheelhouse when we pick up like BureauxLocaux in Paris. We can -- I think, we have a good skill set in growing their traffic, coming up was more pricing, more value propositions for their advertisers, more pricing opportunities for revenue-driving for us. We usually have the ability to improve their imagery, some of their marketing strategies for their clients. But we can take the data coming off of BureauxLocaux and we have already identified maybe eight or nine other sources of data that we connect in with that data and build a very robust information tool for the professional community, for the investing community. And the marketplace is just something special that gives you unique data, and the more people shopping on that marketplace, the more people want to give you data, the more people give you data, the more people want to shop on that marketplace, and that virtuous circle feeds our information platforms. I also remember one of the things we're doing here is we are -- we believe that just like the phenomenon we experienced in the United States when you're selling data in couple of cities in the United States, your data is valuable but not wildly valuable. Once you're selling a footprint of almost the whole United States, the people that find your data, who really operate at national level, that world grows and your data becomes dramatically more valuable. We're pursuing that same effect in Europe. Right now, we're only -- we're providing solutions in a couple of markets. We think that once we're providing solutions across the major economies, which were really working and making good progress on right now is Germany, France, the United Kingdom, Spain, and others that your value proposition will grow and you'll see more profitability in Europe, more revenue growth in Europe, and then, globally. We also think -- we are focused on bringing LoopNet internationally. We believe that it's a really good product, the way it presents the properties is appealing and has international appeal. We're -- I just came back from two days in Paris discussing, in excruciating detail, how the model has changed slightly in various markets and how you have disconnected listings for properties etc., etc. We're going to counterfeit that into LoopNet. I think that LoopNet starts off with a significant advantage, and I think Google takes a whole bunch of positive signals from LoopNet. I can see that in some markets where we don't -- we barely have any properties in a market outside the United States, and LoopNet performs exceptionally well just because it's so successful in the United States. So we are very interested in having both the local marketplaces like BureauxLocaux, Belbex, Realla, but also, have the international market with LoopNet. In particular, given the fact that a lot of the fuel of the international marketing platform like LoopNet is cross-border sales, which are big. People can invest in a triple net easily across the border and they do. So LoopNet will do really well with the for sale side as it did in the United States as it grew out there. And then, I'm also interested in having Ten-X chase that growth of LoopNet again because I believe that a very high percentage of these ultimately successful bidders at Ten-X are actually international audience. So, probably more than you're asking for, but a couple of thoughts. Stephen Sheldon -- William Blair -- Analyst Really helpful. Thank you. Operator For our next question, we have Mayank Tandon from Needham. Your line is open. Mayank Tandon -- Needham & Company -- Analyst Thank you. Good evening. I'll keep it brief and thank you for fitting me in here. Scott, I was going to ask you maybe around margins. As you think about the roadmap to 40% by 2023, does the softness on the Multifamily side, I get it, it might be temporary. And then, maybe some of the timing issues that Andy talked about on the Ten-X impact, does that in anyway change your investment programs as you try to get to that target model or does that remain sort of status quo? Scott Wheeler -- Chief Financial Officer Yeah. I don't think we have really any reason to make major changes in the investment model now. I think margins have performed very well, certainly, in apartments this year as we focused some investments in other places, but they've been running up on top of the strong marketing they've had. Like Andy said, we'll look at the level of the spending there and where they're most effective going forward. I think, the margin profiles are strong, the leverage we're getting is strong on growth across all the platforms. And so, I think as the balance end and into the next years, we'll see continued funds come available that we can reinvest in the most attractive opportunities and still give great margins compared to obviously many others in the market that don't like to deliver margins. We still think that's an important part of our value proposition. So no real change in speed or course there and I appreciate you hanging with us. My answer to the last question of the night. Bill Warmington -- Vice President and Head of Investor Relations I think with that we're going to wind up the call. Thank you for all the good questions. So we appreciate you joining us for our third quarter call today and as we move toward the end of 2021, I can't believe that we're actually doing that but here we are, we're working toward two important short-term milestones. One is the goal of reaching $1 billion of annualized revenue run rate in our marketplaces by the end of the year. The second is, we look forward to crossing the $2 billion revenue run rate for the Company overall solidly and cleanly. And so, we think the strength of our franchise is clear and the amazing traffic growth, lead growth in high renewal rates we're showing right now and the successes we showing with so many of our product areas and strong sales growth. We remain focused on growing the core businesses, while working to triple our addressable market opportunity through investments in Residential and international expansion. So we look forward to meeting with you again for our fourth quarter call on February the '22. Hang in there. I know it's a little bit longer than normal quarterly interval, but we'll be there and until then, stay safe and thank you very much for participating. Operator [Operator Closing Remarks] Duration: 84 minutes Call participants: Bill Warmington -- Vice President and Head of Investor Relations Andrew C. Florance -- Founder, Director, President and Chief Executive Officer Scott Wheeler -- Chief Financial Officer Peter Christiansen -- Citibank -- Analyst Jackson Ader -- J.P. Morgan Securities -- Analyst David Chu -- Bank of America -- Analyst George Tong -- Goldman Sachs -- Analyst Ryan Tomasello -- Keefe, Bruyette & Woods, Inc. -- Analyst John Campbell -- Stephens, Inc. -- Analyst Andrew W. Jeffrey -- Truist Securities -- Analyst Mario Cortellacci -- Jefferies Group -- Analyst Jeffrey Meuler -- Robert W. Baird -- Analyst Stephen Sheldon -- William Blair -- Analyst Mayank Tandon -- Needham & Company -- Analyst More CSGP analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool owns shares of and recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, Inc. Q3 adjusted earnings Beat Estimates (RTTNews) - CoStar Group, Inc. (CSGP) released a profit for its third quarter that increased from last year. The company's bottom line totaled $64.30 million, or $0.16 per share. This compares with $58.19 million, or $0.15 per share, in last year's third quarter. Excluding items, CoStar Group, Inc. reported adjusted earnings of $98.93 million or $0.25 per share for the period. Analysts had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 17.3% to $499.32 million from $425.62 million last year. CoStar Group, Inc. earnings at a glance: -Earnings (Q3): $98.93 Mln. vs. $89.21 Mln. last year. -EPS (Q3): $0.25 vs. $0.23 last year. -Analysts Estimate: $0.23 -Revenue (Q3): $499.32 Mln vs. $425.62 Mln last year. -Guidance: Next quarter EPS guidance: $0.29 to $0.30 Next quarter revenue guidance: $498 - $503 Mln Full year EPS guidance: $1.07 to $1.08 Full year revenue guidance: $1.935 - $1.940 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2021-10-27,99.42,99.42,89.72,89.82,
CSGP,2021-10-28,89.77,91.45,87.22,87.57,
CSGP,2021-10-29,87.17,87.86,85.86,86.05,
CSGP,2021-11-01,86.13,86.26,84.12,85.15,
CSGP,2021-11-02,85.87,85.95,84.51,85.11,
CSGP,2021-11-03,85.11,85.42,83.065,84.42,
CSGP,2021-11-04,84.78,85.56,83.99,84.21,
CSGP,2021-11-05,84.48,84.7825,82.81,83.25,
CSGP,2021-11-08,83.48,83.755,82.385,83.07,
CSGP,2021-11-09,83.12,83.6034,82.67,83.25,
CSGP,2021-11-10,82.75,84.12,81.84,82.21,
CSGP,2021-11-11,82.35,82.98,81.09,81.65,
CSGP,2021-11-12,82.31,83.1,81.88,82.86,
CSGP,2021-11-15,82.53,84.045,82.53,83.81,
CSGP,2021-11-16,83.78,84.71,83.36,84.06,
CSGP,2021-11-17,83.69,84.24,81.99,82.57,
CSGP,2021-11-18,82.34,82.75,80.84,81.38,
CSGP,2021-11-19,82.01,82.36,81.28,81.57,
CSGP,2021-11-22,81.47,81.895,79.93,80.08,
CSGP,2021-11-23,79.595,80.44,79.33,80.26,
CSGP,2021-11-24,79.79,80.187,79.28,79.7,"CoStar Group (NASDAQ:CSGP) Has A Rock Solid Balance Sheet The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. Importantly, CoStar Group, Inc. (NASDAQ:CSGP) does carry debt. But the more important question is: how much risk is that debt creating? When Is Debt A Problem? Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. If things get really bad, the lenders can take control of the business. However, a more frequent (but still costly) occurrence is where a company must issue shares at bargain-basement prices, permanently diluting shareholders, just to shore up its balance sheet. Of course, debt can be an important tool in businesses, particularly capital heavy businesses. When we think about a company's use of debt, we first look at cash and debt together. What Is CoStar Group's Net Debt? The chart below, which you can click on for greater detail, shows that CoStar Group had US$987.6m in debt in September 2021; about the same as the year before. But on the other hand it also has US$3.76b in cash, leading to a US$2.77b net cash position. NasdaqGS:CSGP Debt to Equity History November 24th 2021 A Look At CoStar Group's Liabilities The latest balance sheet data shows that CoStar Group had liabilities of US$321.5m due within a year, and liabilities of US$1.21b falling due after that. Offsetting this, it had US$3.76b in cash and US$115.7m in receivables that were due within 12 months. So it actually has US$2.35b more liquid assets than total liabilities. This short term liquidity is a sign that CoStar Group could probably pay off its debt with ease, as its balance sheet is far from stretched. Succinctly put, CoStar Group boasts net cash, so it's fair to say it does not have a heavy debt load! The good news is that CoStar Group has increased its EBIT by 3.6% over twelve months, which should ease any concerns about debt repayment. There's no doubt that we learn most about debt from the balance sheet. But it is future earnings, more than anything, that will determine CoStar Group's ability to maintain a healthy balance sheet going forward. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting. Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. While CoStar Group has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. Over the last three years, CoStar Group actually produced more free cash flow than EBIT. That sort of strong cash generation warms our hearts like a puppy in a bumblebee suit. Summing up While it is always sensible to investigate a company's debt, in this case CoStar Group has US$2.77b in net cash and a decent-looking balance sheet. And it impressed us with free cash flow of US$299m, being 107% of its EBIT. So is CoStar Group's debt a risk? It doesn't seem so to us. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately, every company can contain risks that exist outside of the balance sheet. These risks can be hard to spot. Every company has them, and we've spotted 1 warning sign for CoStar Group you should know about. If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2021-11-26,79.19,79.54,77.37,77.59,
CSGP,2021-11-29,79.39,80.38,77.985,79.99,
CSGP,2021-11-30,79.83,80.12,77.54,77.76,
CSGP,2021-12-01,79.445,79.445,75.16,75.23,
CSGP,2021-12-02,75.25,78.9281,75.09,78.71,
CSGP,2021-12-03,79.4,79.81,78.21,78.77,
CSGP,2021-12-06,78.78,79.76,76.04,77.35,
CSGP,2021-12-07,79.965,79.965,78.55,78.82,
CSGP,2021-12-08,78.2,79.03,78.02,78.99,
CSGP,2021-12-09,79.06,79.62,78.14,78.8,
CSGP,2021-12-10,79.07,79.55,77.48,78.24,
CSGP,2021-12-13,78.2533,78.5,77.6,78.04,
CSGP,2021-12-14,77.27,77.55,76.42,77.26,
CSGP,2021-12-15,77.42,78.33,76.55,78.07,
CSGP,2021-12-16,78.44,79.19,77.42,77.97,
CSGP,2021-12-17,77.74,79.03,76.27,78.7,
CSGP,2021-12-20,77.89,78.12,77.1,77.35,
CSGP,2021-12-21,77.96,78.48,77.53,78.35,
CSGP,2021-12-22,77.565,78.9095,77.565,78.83,
CSGP,2021-12-23,79.2,80.4225,78.85,79.94,
CSGP,2021-12-27,80.16,80.62,79.56,79.96,
CSGP,2021-12-28,80.32,80.51,79.65,79.75,
CSGP,2021-12-29,79.88,80.11,79.58,79.85,
CSGP,2021-12-30,80.02,80.83,79.92,80.17,
CSGP,2021-12-31,80.12,80.395,78.94,79.03,
CSGP,2022-01-03,79.35,79.73,77.68,78.84,
CSGP,2022-01-04,78.63,79.04,77.05,77.38,
CSGP,2022-01-05,78.67,78.67,74.68,74.75,
CSGP,2022-01-06,74.315,74.83,73.13,73.65,"Relative Strength Alert For CoStar Group Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Thursday, shares of CoStar Group, Inc. (Symbol: CSGP) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $73.13 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 49.3. A bullish investor could look at CSGP's 29.3 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CSGP shares: Looking at the chart above, CSGP's low point in its 52 week range is $73.13 per share, with $101.05 as the 52 week high point — that compares with a last trade of $73.41. Find out what 9 other oversold stocks you need to know about » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-01-07,73.65,73.94,71.66,71.88,
CSGP,2022-01-10,71.23,71.53,69.58,71.51,
CSGP,2022-01-11,71.95,75.58,71.85,75.29,"Why Retail Investors Shouldn't Panic About Macy's Store Closures Retail investors have had serious concerns for several years about the potential impact of e-commerce on physical retail. Then the pandemic happened, and a record 12,200 stores closed in 2020 alone, according to commercial real estate firm CoStar Group. But then things began turning around quickly as people started getting out more. Last month, global advisory and research firm Coresight Research announced that as of Dec. 16, only 5,079 stores had closed in 2021 -- and that number was actually outpaced by the 5,080 stores that opened during the same period. Image source: Getty Images. Now, Macy's (NYSE: M) is kicking off the new year by announcing several store closures. The six Macy's stores announced in this latest round of closings are expected to close in late July to early August, and a Bloomingdale's closure should take place at the end of this month. Perhaps more disturbing, though, the retailer's plans involve many more closures to follow -- ultimately 125 locations, or one-fifth of its stores, as part of a three-year plan. This isn't what retail real estate investors want to hear. So, let's take a look at the Macy's announcement and explore how the retailer's plans for its future could impact physical retail. Physical stores continue to fill a crucial role It's important to note that these store closures are part of strategy the company unveiled shortly before the pandemic even became an issue. So while the pandemic did lead to many retailers shutting their doors for good at the height of the pandemic, that hasn't played a role in this case and therefore shouldn't raise suspicion that more physical retailers are failing. Macy's CEO Jeff Gennette explained during the company's third-quarter conference call in November that the retailer performs better online in markets where the company has a physical presence. My colleague Reuben Brewer recently explored this concept further in a piece you can check out here. What this means is that while Macy's is getting more strategic about where it chooses to have physical stores, going online-only would not be in the company's best interest. And in more good news, while Macy's is closing some stores, the retailer is continuing to open and invest in the success of others. Macy's has been opening more of its smaller off-mall stores and plans to continue doing so. The retailer also plans to open 400 small Toys R Us shops in its stores starting this year, having taken the concept for a spin with Toys R Us products available on its website during this past holiday shopping season. Macy's is not leaving physical retail behind On hearing that Macy's is planning multiple rounds of store closures, you might suspect that the company is backing slowly away from its brick-and-mortar presence following a rough patch for physical retail. But the fact that these plans have been in place for a while proves that this is not more fallout from the pandemic. And perhaps most importantly, the retailer's continued opening of smaller-format stores as well as hundreds of Toys R Us shops within its own stores demonstrates an ongoing dedication to brick-and-mortar retail. Like most retailers, Macy's continues to see physical retail as an important part of its business model going forward, and that's great news for retail investors. 10 stocks we like better than Macy's When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Macy's wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of January 10, 2022 Nell McPherson owns CoStar Group. The Motley Fool owns and recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-01-12,75.26,76.34,74.695,74.81,
CSGP,2022-01-13,74.97,75.67,73.705,74.02,
CSGP,2022-01-14,73.65,74.8,73.08,74.53,
CSGP,2022-01-18,73.805,74.24,72.765,73.15,
CSGP,2022-01-19,73.29,73.98,72.77,73.15,
CSGP,2022-01-20,73.33,74.52,72.08,72.3,
CSGP,2022-01-21,71.86,72.82,70.765,70.92,
CSGP,2022-01-24,70.45,70.45,66.3498,69.65,
CSGP,2022-01-25,68.42,69.23,66.61,67.04,
CSGP,2022-01-26,67.94,68.8,65.51,65.98,"Why These 2 Stocks Might Be a Bottom Buy Here While every market advisor will tell you never to try to ‘time’ the market, timing is still important for success. Investors need to buy into low prices, and to do that, they need to know when prices are low. This doesn’t necessarily mean low in absolute dollar terms, but low relative to a stock’s recent past performance. In recognizing that lower price range, investors can turn to Wall Street’s pros for help. The analysts have been busy lately, picking out stocks that are in their lower price range, and are flirting with the bottom. We’ve used the TipRanks database to look up two such stocks, Strong Buys with at least 50% upside potential for the next few months – and each one is trading at or near its one-year low. Are these the low prices investors should consider? Let’s take a closer look. CrowdStrike Holdings (CRWD) First up, CrowdStrike, is a major name in cybersecurity. The company, which got its start in 2011, offers customers a range of online and system security solutions. CrowdStrike’s flagship product, the Falcon Endpoint Protection line, is available by subscription; customers can choose from four increasing levels of threat protection for their connected systems. In mid-2020 CrowdStrike turned profitable, and the company has been reporting quarterly EPS profits ever since, along with steadily rising top-line revenues. In its most recent reported quarter, for fiscal 3Q22, the company showed just over $380 million in total revenues, for an impressive 63% year-over-year jump. Earnings per share rose to 17 cents, more than doubling the year-ago value of 8 cents. The rising revenue and earnings reflect the demand for cybersecurity services, and the value that users place on the product. The company didn’t just show positive revenue and earnings; it also showed a 67% yoy increase in annual recurring revenue, to more than $1.5 billion, and marked the second quarter in a row of 1,600+ new subscribers. Nevertheless, CrowdStrike’s stock is down sharply lately. The stock peaked in November, at more than $293 per share, and has since fallen some 43%. CrowdStrike’s share value has been negatively impacted by overall market conditions, including prospects for Fed rate hikes which will correlate with generally falling stock values. Wells Fargo's 5-star analyst Andrew Nowinski likes what he sees in CrowdStrike, saying: “We believe CrowdStrike is well-positioned to continue taking share from both legacy and next-gen vendors. The company offers one of the most comprehensive platforms in the industry, comprised of 21 modules, which can address a $67B market opportunity. The most important metric to measure the health of CrowdStrike and the success of these new modules is ARR, and we believe the Street is largely underestimating it by not factoring in enough of a contribution from the new products and modules."" Acknowledging the company's potential growth, Nowinski rates CRWD shares an Overweight (i.e. Buy), and his $15 price target suggests an upside of 68% for the year ahead. (To watch Nowinski’s track record, click here) CrowdStrike has generated a lot of buzz on Wall Street, and has 24 reviews on file. These include 21 Buys along with 2 Holds and 1 Sell, for a Strong Buy consensus view. The shares have an average price target of $277.35, suggesting ~69% upside from the current share price of $163.8. (See CRWD stock forecast on TipRanks) CoStar Group (CSGP) Next up is a tech company in the real estate business. CoStar has a long history in the commercial real estate sector, providing data services including analytics, information, and marketing. The company operates in the US, UK, Germany, France, and Spain, and in recent months has been making moves to expand its operations into the residential real estate segment. These moves included two major acquisitions in the last 15 months, involving Homesnap (a residential mobile app provider) and Homes.com (a residential real estate website). The two acquisitions cost CoStar a combined $406 million in cash. While the acquisition moves bode well for CoStar long-term, they have had an impact on the stock; both deals come with expenses related to integrating the companies into a whole, as well as bringing concerns over CoStar’s entry into a new market. In addition, CoStar has faced an unexpected headwind in the final quarter of 2021; recovering in the apartment leasing market has lead to a crunch in available apartments, leaving fewer units for CoStar to list and advertise. Taken together, the headwinds have pushed CoStar’s stock down 45% from its October high. Going forward, however, CoStar has firm foundations to stand on. The company’s earnings have been stable for the past two years, holding in the range between 23 cents and 28 cents per share. Revenues have been showing modest sequential gains in each of the last 8 quarters. In the most recent quarterly report, for Q3, CoStar reported $499.3 million in revenue and 25 cents EPS; the top line was up 17% year-over-year while EPS was right in line with the recent average. In his review of CoStar for Baird, analyst Jeffrey Meuler describes the stock as a ‘Top Idea for 2022,’ and rates it an Outperform (i.e. Buy). His $108 price target indicates potential for ~58% upside going forward. (To watch Meuler’s track record, click here) ""We expect organic revenue growth reacceleration in 2022, residential initiative progress should improve related investor sentiment, significant current growth investment provides flexibility to allocate between businesses/initiatives, and has over-capitalized balance sheet. Good relative value at 13x EV/'22E revenue for portfolio of extremely high-quality businesses we believe should all generate 50%+ adj. EBITDA margins (with good capital efficiency) at ""maturity"" and which each have considerable growth potential, with excellent founder-led management team regarding strategy, execution, and capital allocation,"" Meuler opined. All in all, the Strong Buy consensus rating on CoStar is unanimous, based on 5 positive reviews set in recent weeks. The stock is priced at $68.53 and has a $104.60 average price target suggesting a 12-month upside of ~53%. (See CoStar stock forecast on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-01-27,66.59,67.34,65.5,65.82,
CSGP,2022-01-28,66.2,67.51,64.78,67.37,
CSGP,2022-01-31,67.79,70.23,67.71,70.16,
CSGP,2022-02-01,70.43,71.09,67.5,70.51,"Amdocs (DOX) Beats Q1 Earnings and Revenue Estimates Amdocs (DOX) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.84%. A quarter ago, it was expected that this provider of computer systems integration would post earnings of $1.18 per share when it actually produced earnings of $1.16, delivering a surprise of -1.69%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Amdocs, which belongs to the Zacks Computers - IT Services industry, posted revenues of $1.1 billion for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 0.40%. This compares to year-ago revenues of $1.09 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Amdocs shares have added about 1.4% since the beginning of the year versus the S&P 500's decline of -5.3%. What's Next for Amdocs? While Amdocs has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Amdocs: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.29 on $1.12 billion in revenues for the coming quarter and $5.18 on $4.52 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. CoStar Group (CSGP), another stock in the same industry, has yet to report results for the quarter ended December 2021. The results are expected to be released on February 22. This commercial real estate information and marketing provider is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. CoStar Group's revenues are expected to be $500.59 million, up 12.7% from the year-ago quarter. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers ""Most Likely for Early Price Pops."" Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.3% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amdocs Limited (DOX): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-02-02,70.71,71.21,69.475,71.0,"Dynatrace (DT) Tops Q3 Earnings and Revenue Estimates Dynatrace (DT) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this software intellegence company would post earnings of $0.16 per share when it actually produced earnings of $0.18, delivering a surprise of 12.50%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Dynatrace, which belongs to the Zacks Computers - IT Services industry, posted revenues of $240.77 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.60%. This compares to year-ago revenues of $182.91 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Dynatrace shares have lost about 6.7% since the beginning of the year versus the S&P 500's decline of -4.6%. What's Next for Dynatrace? While Dynatrace has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Dynatrace: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.16 on $247.28 million in revenues for the coming quarter and $0.65 on $918.04 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, CoStar Group (CSGP), has yet to report results for the quarter ended December 2021. The results are expected to be released on February 22. This commercial real estate information and marketing provider is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. CoStar Group's revenues are expected to be $500.59 million, up 12.7% from the year-ago quarter. Just Released: Zacks' 7 Best Stocks for Today Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.3% per year. These 7 were selected because of their superior potential for immediate breakout. See these time-sensitive tickers now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dynatrace, Inc. (DT): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-02-03,69.75,69.95,68.15,68.22,
CSGP,2022-02-04,67.94,68.96,67.21,68.55,"Estimating The Fair Value Of CoStar Group, Inc. (NASDAQ:CSGP) Today we will run through one way of estimating the intrinsic value of CoStar Group, Inc. (NASDAQ:CSGP) by taking the expected future cash flows and discounting them to today's value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine. Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. Is CoStar Group fairly valued? We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Levered FCF ($, Millions) US$566.9m US$692.7m US$926.5m US$1.11b US$1.24b US$1.33b US$1.41b US$1.48b US$1.54b US$1.59b Growth Rate Estimate Source Analyst x7 Analyst x7 Analyst x1 Analyst x1 Analyst x1 Est @ 7.78% Est @ 6.04% Est @ 4.81% Est @ 3.96% Est @ 3.36% Present Value ($, Millions) Discounted @ 5.9% US$535 US$617 US$780 US$879 US$928 US$944 US$945 US$936 US$918 US$896 (""Est"" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF) = US$8.4b The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 5.9%. Terminal Value (TV)= FCF2031 × (1 + g) ÷ (r – g) = US$1.6b× (1 + 2.0%) ÷ (5.9%– 2.0%) = US$41b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$41b÷ ( 1 + 5.9%)10= US$23b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$31b. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Relative to the current share price of US$68.2, the company appears about fair value at a 14% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. NasdaqGS:CSGP Discounted Cash Flow February 4th 2022 The assumptions The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at CoStar Group as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 5.9%, which is based on a levered beta of 0.902. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Next Steps: Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won't be the sole piece of analysis you scrutinize for a company. It's not possible to obtain a foolproof valuation with a DCF model. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For CoStar Group, we've compiled three additional aspects you should explore: Risks: Take risks, for example - CoStar Group has 2 warning signs we think you should be aware of. Future Earnings: How does CSGP's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NASDAQGS every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-02-07,68.45,70.33,68.42,69.4,
CSGP,2022-02-08,69.0,69.79,68.225,69.05,
CSGP,2022-02-09,70.635,71.19,70.01,71.04,
CSGP,2022-02-10,69.655,71.5,69.41,69.84,
CSGP,2022-02-11,69.84,70.11,65.77,65.99,
CSGP,2022-02-14,65.9,67.17,65.15,65.99,
CSGP,2022-02-15,67.33,67.79,65.83,67.69,"CoStar Group (CSGP) Q4 Earnings Preview: What's in the Cards? CoStar Group (CSGP) is expected to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 22. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise. Zacks Consensus Estimate This commercial real estate information and marketing provider is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $500.59 million, up 12.7% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for CoStar? For CoStar, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that CoStar will beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that CoStar would post earnings of $0.23 per share when it actually produced earnings of $0.25, delivering a surprise of +8.70%. Over the last four quarters, the company has beaten consensus EPS estimates four times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. CoStar doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-02-16,67.41,67.59,66.38,67.29,
CSGP,2022-02-17,66.62,67.08,65.57,65.65,
CSGP,2022-02-18,65.95,65.97,64.55,64.95,
CSGP,2022-02-22,64.92,65.13,62.69,62.94,"[""CoStar Group (CSGP) Surpasses Q4 Earnings and Revenue Estimates CoStar Group (CSGP) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20.69%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.23 per share when it actually produced earnings of $0.25, delivering a surprise of 8.70%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $506.79 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 1.24%. This compares to year-ago revenues of $444.39 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CoStar shares have lost about 17.8% since the beginning of the year versus the S&P 500's decline of -8.8%. What's Next for CoStar? While CoStar has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CoStar: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.33 on $506.24 million in revenues for the coming quarter and $1.38 on $2.22 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Dell Technologies (DELL), is yet to report results for the quarter ended January 2022. The results are expected to be released on February 24. This computer and technology services provider is expected to post quarterly earnings of $1.95 per share in its upcoming report, which represents a year-over-year change of -27.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Dell Technologies' revenues are expected to be $27.47 billion, up 5.1% from the year-ago quarter. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022? Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don\u2019t miss your chance to get in on these long-term buys Access Zacks Top 10 Stocks for 2022 today >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Dell Technologies Inc. (DELL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, Inc. Q4 Profit Increases, beats estimates (RTTNews) - CoStar Group, Inc. (CSGP) reported a profit for its fourth quarter that increased from the same period last year and beat the Street estimates. The company's earnings came in at $92.90 million, or $0.24 per share. This compares with $35.79 million, or $0.09 per share, in last year's fourth quarter. Excluding items, CoStar Group, Inc. reported adjusted earnings of $137.72 million or $0.35 per share for the period. Analysts on average had expected the company to earn $0.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 14.0% to $506.79 million from $444.39 million last year. CoStar Group, Inc. earnings at a glance (GAAP) : -Earnings (Q4): $92.90 Mln. vs. $35.79 Mln. last year. -EPS (Q4): $0.24 vs. $0.09 last year. -Analyst Estimate: $0.29 -Revenue (Q4): $506.79 Mln vs. $444.39 Mln last year. -Guidance: Next quarter EPS guidance: $0.27 to $0.28 Next quarter revenue guidance: $510 - $515 Mln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Q4 21 Earnings Conference Call At 5:00 PM ET (RTTNews) - CoStar Group, Inc. (CSGP) will host a conference call at 5:00 PM ET on February 22, 2022, to discuss Q4 21 earnings results. To access the live webcast, log on to https://investors.costargroup.com/news-and-events/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""After-Hours Earnings Report for February 22, 2022 : PSA, PANW, MELI, A, O, CDNS, VRSK, CSGP, FANG, MOS, AGR, CZR The following companies are expected to report earnings after hours on 02/22/2022. Visit our Earnings Calendar for a full list of expected earnings releases. Public Storage (PSA)is reporting for the quarter ending December 31, 2021. The reit company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.43. This value represents a 17.06% increase compared to the same quarter last year. In the past year PSA has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 5.88%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for PSA is 26.80 vs. an industry ratio of 10.00, implying that they will have a higher earnings growth than their competitors in the same industry. Palo Alto Networks, Inc. (PANW)is reporting for the quarter ending January 31, 2022. The security company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.42. This value represents a no change for the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for PANW is -405.18 vs. an industry ratio of -34.80. MercadoLibre, Inc. (MELI)is reporting for the quarter ending December 31, 2021. The internet company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.89. This value represents a 187.25% increase compared to the same quarter last year. MELI missed the consensus earnings per share in the 4th calendar quarter of 2020 by -361.54%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for MELI is 254.00 vs. an industry ratio of 34.50, implying that they will have a higher earnings growth than their competitors in the same industry. Agilent Technologies, Inc. (A)is reporting for the quarter ending January 31, 2022. The electrical test equipment company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.17. This value represents a 10.38% increase compared to the same quarter last year. In the past year A has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 3.42%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for A is 27.40 vs. an industry ratio of 30.10. Realty Income Corporation (O)is reporting for the quarter ending December 31, 2021. The reit company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.93. This value represents a 10.71% increase compared to the same quarter last year. O missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -1.09%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for O is 18.61 vs. an industry ratio of 13.60, implying that they will have a higher earnings growth than their competitors in the same industry. Cadence Design Systems, Inc. (CDNS)is reporting for the quarter ending December 31, 2021. The computer software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.60. This value represents a 3.23% decrease compared to the same quarter last year. In the past year CDNS has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 12.07%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CDNS is 51.90 vs. an industry ratio of 22.30, implying that they will have a higher earnings growth than their competitors in the same industry. Verisk Analytics, Inc. (VRSK)is reporting for the quarter ending December 31, 2021. The business info service company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.38. This value represents a 8.66% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for VRSK is 36.13 vs. an industry ratio of 21.40, implying that they will have a higher earnings growth than their competitors in the same industry. CoStar Group, Inc. (CSGP)is reporting for the quarter ending December 31, 2021. The information technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.26. This value represents a no change for the same quarter last year. In the past year CSGP has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 10%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CSGP is 68.37 vs. an industry ratio of 36.70, implying that they will have a higher earnings growth than their competitors in the same industry. Diamondback Energy, Inc. (FANG)is reporting for the quarter ending December 31, 2021. The oil (us exp & production) company's consensus earnings per share forecast from the 11 analysts that follow the stock is $3.38. This value represents a 312.20% increase compared to the same quarter last year. In the past year FANG has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 4.63%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for FANG is 11.82 vs. an industry ratio of 8.90, implying that they will have a higher earnings growth than their competitors in the same industry. Mosaic Company (MOS)is reporting for the quarter ending December 31, 2021. The fertilizers company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.95. This value represents a 242.11% increase compared to the same quarter last year. MOS missed the consensus earnings per share in the 3rd calendar quarter of 2021 by -15.09%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for MOS is 8.95 vs. an industry ratio of 11.90. Avangrid, Inc. (AGR)is reporting for the quarter ending December 31, 2021. The electric power utilities company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.39. This value represents a 37.10% decrease compared to the same quarter last year. AGR missed the consensus earnings per share in the 2nd calendar quarter of 2021 by -16.67%. Zacks Investment Research reports that the 2021 Price to Earnings ratio for AGR is 20.39 vs. an industry ratio of 16.80, implying that they will have a higher earnings growth than their competitors in the same industry. Caesars Entertainment, Inc. (CZR)is reporting for the quarter ending December 31, 2021. The leisure (recreational) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.81. This value represents a 52.35% increase compared to the same quarter last year. Zacks Investment Research reports that the 2021 Price to Earnings ratio for CZR is -22.98 vs. an industry ratio of 25.30. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-02-23,49.42,59.31,49.0,53.5,"[""Financial Sector Update for 02/23/2022: CSGP,NU,BCS,EPR Financial stocks steadily lost more ground during afternoon trading, with the NYSE Financial Index sinking 1.2% and the SPDR Financial Select Sector ETF (XLF) falling 1.6%. The Philadelphia Housing Index was falling 2.6%, and the SPDR Real Estate Select Sector ETF (XLRE) was down 1.3% after data showed a 13.1% decline in mortgage applications during the seven days ended Feb. 18 compared with a 5.4% drop the prior week, according to Mortgage Bankers' Association. Bitcoin turned 1.7% lower at $37,540, while the yield for 10-year US Treasuries was climbing 2.9 basis points to 1.977%. In company news, CoStar Group (CSGP) slid almost 14% after the real estate services company guided net income and revenue for the current Q1 and for FY22 trailing analyst estimates. Excluding one-time items, the company is expecting to earn between $0.95 to $1.02 per share during the 12 months ending next December on $2.145 billion to $1.165 billion in revenue. The Street is looking for a $1.35 per share adjusted profit this year on $2.22 million in revenue. Nu Holdings (NU) also declined nearly 14% after the digital banking company reported a 224.3% year-over-year increase in Q4 revenue to $635.9 million, beating the Capital IQ consensus expecting $487.8 million in revenue for the three months ended Dec. 31. To the upside, Barclays (BCS) was 2.8% higher this afternoon, easing from a nearly 7% morning gain, after the UK financial services company reported an increase in Q4 earnings to 6.6 pence ($0.09) per share, up from 1.3 pence per share during the same quarter in 2020 and beating the Capital IQ consensus expecting a 5 pence per share profit for the three months ended Dec. 31. Total income rose 4.4% year-over-year to 5.16 billion British pounds, also exceeding the 5.14 billion pound analyst mean. EPR Properties (EPR) climbed 6.5% after reporting adjusted Q4 funds from operations of $1.08 per share compared with $0.18 per share during the year-ago quarter and topping the Capital IQ consensus expecting $0.96 per share. Total revenue for the real estate investment trust grew almost 66% year-over-year to $154.9 million, also topping the $140.4 million Street view. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Here's Why CoStar Group Was Plunging on Wednesday What happened The stock market was having a generally weak day on Wednesday, fueled by political fears and interest-rate uncertainties, with all three major averages firmly in negative territory at 3:30 p.m. ET. However, real estate data-technology leader CoStar Group (NASDAQ: CSGP) was having an awful day. Shares were down by 14% and declined so sharply at the open, they had to be temporarily halted. So what As you might guess, CoStar's downward move was fueled by its latest earnings report, which was released after the closing bell on Tuesday. At first glance, CoStar's results might not seem too bad. The company's results for the fourth quarter beat analyst estimates on both the top and bottom lines, and its net bookings in the quarter were the strongest they've ever been. However, the most reliable way to tank a stock after earnings is to issue weak guidance, and that's exactly what happened here. CoStar is forecasting 2022 revenue of $2.155 billion at the midpoint, while analysts had been looking for $2.22 billion. Earnings guidance came in significantly weaker than expected, as well. Image source: Getty Images. Now what As commonly happens when weak guidance is issued, CoStar's report triggered a wave of analyst downgrades on the stock. But the news wasn't all bad. CoStar has historically been focused on commercial real estate but has recently started to aggressively build out its residential real estate capabilities in a bid to compete with companies like Zillow. Only about 4% of CoStar's revenue comes from residential so far, but the company sees potential to build a multibillion-dollar revenue stream and is planning to invest aggressively to pursue it. If the company is successful, the current stock price could seem like a bargain to patient long-term investors. 10 stocks we like better than CoStar Group When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of January 20, 2022 Matthew Frankel, CFP\u00ae owns Zillow Group (C shares). The Motley Fool owns and recommends CoStar Group, Zillow Group (A shares), and Zillow Group (C shares). The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""First Week of CSGP October 21st Options Trading Investors in CoStar Group, Inc. (Symbol: CSGP) saw new options become available this week, for the October 21st expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 240 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CSGP options chain for the new October 21st contracts and identified one put and one call contract of particular interest. The put contract at the $55.00 strike price has a current bid of $5.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $55.00, but will also collect the premium, putting the cost basis of the shares at $49.70 (before broker commissions). To an investor already interested in purchasing shares of CSGP, that could represent an attractive alternative to paying $57.84/share today. Because the $55.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 9.64% return on the cash commitment, or 14.66% annualized \u2014 at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for CoStar Group, Inc., and highlighting in green where the $55.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $60.00 strike price has a current bid of $6.10. If an investor was to purchase shares of CSGP stock at the current price level of $57.84/share, and then sell-to-open that call contract as a \""covered call,\"" they are committing to sell the stock at $60.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.28% if the stock gets called away at the October 21st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if CSGP shares really soar, which is why looking at the trailing twelve month trading history for CoStar Group, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing CSGP's trailing twelve month trading history, with the $60.00 strike highlighted in red: Considering the fact that the $60.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 50%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 10.55% boost of extra return to the investor, or 16.04% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 43%, while the implied volatility in the call contract example is 42%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $57.84) to be 31%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the S&P 500 \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Pre-market Movers: TEN, KOD, REVB, GMBL, CSGP\u2026 (RTTNews) - The following are some of the stocks making big moves in Wednesday's pre-market trading (as of 08.00 A.M. ET). In the Green Tenneco Inc. (TEN) is up over 93% at $19.34 Revelation Biosciences, Inc. (REVB) is up over 31% at $2.02 Biofrontera AG (BFRA) is up over 17% at $3.20 TravelCenters of America Inc. (TA) is up over 16% at $44.44 Hims & Hers Health, Inc. (HIMS) is up over 14% at $4.81 MercadoLibre, Inc. (MELI) is up over 10% at $980.00 Nu Holdings Ltd. (NU) is up over 8% at $9.56 Palo Alto Networks, Inc. (PANW) is up over 7% at $511.50 Indonesia Energy Corporation Limited (INDO) is up over 7% at $6.95 Galera Therapeutics, Inc. (GRTX) is up over 6% at $2.60 In the Red Kodiak Sciences Inc. (KOD) is down over 70% at $14.65 Esports Entertainment Group, Inc. (GMBL) is down over 27% at $2.16 CoStar Group, Inc. (CSGP) is down over 23% at $48.37 Rackspace Technology, Inc. (RXT) is down over 22% at $8.39 Ocugen, Inc. (OCGN) is down over 20% at $3.37 Blue Water Vaccines, Inc. (BWV) is down over 17% at $47.33 Modiv Inc. (MDV) is down over 15% at $15 Vipshop Holdings Limited (VIPS) is down over 9% at $8.93 Vivakor, Inc. (VIVK) is down over 9% at $2.30 Fast Radius, Inc. (FSRD) is down over 7% at $2.83 Lee Enterprises, Incorporated (LEE) is down over 5% at $30.94 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Consumer Sector Update for 02/23/2022: XLP, XLY, LOW, OSTK, CSGP Consumer stocks were rising pre-bell Wednesday. The Consumer Staples Select Sector SPDR Fund (XLP) was about 0.3% higher, and the Consumer Discretionary Select Sector SPDR Fund (XLY) was rising by 1% recently. Lowe's Companies (LOW) reported fiscal Q4 adjusted earnings of $1.78 per diluted share, up from $1.33 a year earlier. Analysts polled by Capital IQ projected $1.69. The company's shares were 3.5% higher in premarket activity. Overstock.com (OSTK) reported Q4 earnings of $0.68 per diluted share, up from $0.26 a year ago. Analysts polled by Capital IQ estimated $0.28. Shares gained more than 24% in premarket activity. CoStar Group (CSGP) shares were 23.2% lower after the company said it expects Q1 revenue of $510 million to $515 million and non-GAAP earnings per share of $0.27 to $0.28. The consensus estimate of analysts polled by Capital IQ is for revenue of $520.7 million and non-GAAP EPS of $0.32. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-02-24,51.64,60.74,51.44,60.6,
CSGP,2022-02-25,60.31,62.09,58.44,61.7,
CSGP,2022-02-28,61.26,61.43,59.04,61.01,
CSGP,2022-03-01,61.11,61.17,59.65,59.83,
CSGP,2022-03-02,60.12,60.94,59.35,59.72,
CSGP,2022-03-03,60.09,60.18,58.36,58.59,"20 Stocks Billionaires Are Selling A lot of money continues to flow into hedge funds and other billionaire money managers – even as those hedge funds underperform and sprint to shrink their positions. Consider this: The Goldman Sachs Hedge Industry VIP ETF (GVIP, $73.98) – which tracks the performance of an index composed of roughly 50 U.S.-listed stocks that appear in the top 10 holdings of prominent hedge funds – is in a bear market for 2022, off 23% year-to-date. Actual hedge-fund performance has been more mixed, with the Eurekahedge Hedge Fund Index outperforming the market in January and February but falling behind in March. SEE MORE The 22 Best Stocks to Buy for 2022 Investors, however, are happy to keep throwing money at billionaire investors. According to data provider HFR, hedge funds enjoyed $19.8 billion in net inflows during the first quarter of 2022. That’s the highest amount since Q2 2015. However, hedge funds largely sat on that money during the first quarter of 2022. According to WhaleWisdom.com, first-quarter Form 13F filings (required quarterly reports of holdings by large institutional investors) showed that investors sold almost three times as many shares as they bought – an indication that investor conviction was heading lower. Consider this from Bloomberg: ""'A plummeting equity market and the even worse performance of the most popular long positions have led to the worst start of a year on record for hedge fund returns,' [Goldman Sachs] strategists led by Ben Snider wrote in a note on Friday. 'As a result of these struggles, in recent months hedge funds have accelerated the reduction in leverage and rotation away from growth stocks they began several quarters ago,'"" Bloomberg reported on May 23. Studying which stocks asset managers are taking their capital out of is an interesting exercise for many retail investors. That's largely because of the ""why."" In some cases, these billionaire investors are selling to take profits. In other situations, they could be rotating assets into more appropriate investments based on the current economic environment. Here are 20 stocks the billionaire set sold off over the past few months. Every quarter, we look at 13F filings from institutional investors to discover not only some of the billionaire set's favorite stock picks – but also which investments they're souring on. SEE MORE The 30 Best Stocks of the Past 30 Years Data is as of June 6. Stake values and portfolio weights are as of March 31. Data is courtesy of S&P Global Market Intelligence, YCharts, WhaleWisdom.com, Forbes and regulatory filings made with the Securities and Exchange Commission, unless otherwise noted. Getty Images Nvidia Market value: $468.1 billion Billionaire investor: Jennison Associates Shares sold: 7,037,626 (25%) New York-based hedge fund Jennison Associates sold 25% of its stake in Nvidia (NVDA, $187.86) in the first quarter, reducing its weight from 5.14% to 4.12%. However, Jennison still finished the quarter owning 20.5 million shares of NVDA, which makes it the fifth largest position in its portfolio. Jennison first acquired Nvidia shares in Q1 2016. According to WhaleWisdom.com, it has paid an average of $40.09 a share over the years. Nvidia shares were priced at $272.86 as of the March 31 close. Of the big institutional investors holding Nvidia, Jennison was the third-largest seller of the stock in the first quarter, behind only FMR (11.3 million shares sold) and Norges Bank (21.3 million shares sold). Norges Bank manages the Norwegian government's global pension fund. While Nvidia shares are down 36% year-to-date, they are up roughly 400% over the past five years. As such, it's probable that Jennison sold the semiconductor stock to lock in some of its profits. Should NVDA's share price continue to fall in 2022, the hedge fund will likely add to its position at some point. Nvidia's too good a company not to be invested for the long haul. SEE MORE UBS's 43 Top Stocks for a Volatile Market Getty Images Jackson Financial Market value: $3.1 billion Billionaire investor: Apollo Global Management Shares sold: 2,935,220 (27%) Apollo Global Management's 13F reported that it had $21.1 billion invested at the end of March in 362 stocks. The investment advisory arm of the alternative asset manager sold out of 96 stocks during the quarter and reduced its position in 98 others. One of those that it pared its stake in was Jackson Financial (JXN, $35.50), a Michigan-based provider of annuities and other retirement products. Jackson was Apollo's ninth-largest holding at the end of Q1 2022, despite reducing its position by 27% over the three-month period. Apollo first acquired JXN shares in the fourth quarter of 2021, paying an average price of $41.83 per share. JXN stock traded between $35 and $47 throughout the first quarter, so if Apollo made money on its share sale, it didn't make much. As far as billionaire investors selling JXN shares during the first quarter, Apollo sold the second-largest amount, behind only Sessa Capital, which unloaded 3.9 million shares. While Apollo reduced its weighting in JXN to 1.58% from 1.91% in Q1, Seesa slashed its Jackson weighting to 1.91% from 9.84%. In September 2021, Jackson Financial was spun out of Prudential Financial (PRU). Shareholders of the parent company received one JXN share for every 40 PRU shares they owned. Prudential retained a 19.7% economic interest. As of Dec. 31, 2021, it still owned 18.4% of the financial firm. SEE MORE 20 Dividend Stocks to Fund 20 Years of Retirement Getty Images Alcoa Market value: $11.8 billion Billionaire investor: Theleme Partners Shares sold: 1,585,000 (32%) Of all the hedge funds and investment firms covered in this article, Theleme Partners is by far the most focused. At the end of December, the London-based firm had almost $6 billion invested in just 11 positions. One of those was Alcoa (AA, $64.02). Interestingly, Theleme had almost half its assets invested in put options – a bet the share price will go down – on the iShares Russell 2000 ETF (IWM), which tracks the performance of 2,000 small-cap U.S. stocks. Its next largest holding was Moderna (MRNA) at almost $1.3 billion. AA was the hedge fund's fourth-largest holding at the end of December, accounting for 4.9% of the portfolio. By the end of March, Theleme's 13F was down to $3.1 billion. It appears the hedge fund went heavily to cash. The entire iShares put position was sold out in the first quarter. As for Alcoa, Theleme first initiated a position in the aluminum giant in Q3 2021, paying an average price of $48.94 a share. At the end of March, AA closed at $90.03 (though it's down a third in the two months since). We chalk up Theleme's 32% reduction to profit-taking. SEE MORE 14 Commodity ETFs to Ease Inflation Worries Getty Images Devon Energy Market value: $50.9 billion Billionaire investor: Permian Investment Partners Shares sold: 1,762,856 (44%) There's been a lot of profit-taking so far in 2022. Devon Energy (DVN, $77.05) is no exception. In the first quarter, Permian Investment Partners reduced its position in the Oklahoma City oil & gas producer by 44%. Devon's weighting in Permian's $834-million portfolio fell to 15.44% at the end of March from 18.05% at the end of December. Still, it remains the hedge fund's second-largest position, behind utility stock NRG Energy (NRG). Interestingly, despite the name Permian, the New York-based hedge fund owns just two other energy stocks – Cameco (CCJ) and Golar LNG (GLNG). Permian first initiated a stake in Devon in Q1 2021, paying an average price of $23.18 a share. One year later, the stock is up more than 200%. That's quite the timing. Permian's portfolio was made up of 18 positions at the end of March. Its top five holdings accounted for 77.15% of its portfolio. The five holdings were from five different sectors: utilities, energy, industrials, transportation and healthcare. Devon reported first-quarter earnings on May 2. It beat on both the top and bottom line. In the quarter, the oil and gas company generated a record $1.3 billion in free cash flow – the money left over after a company has paid its expenses, interest on debt, taxes and long-term investments needed to grow its business. It doesn't appear there's anything to get in the way of more record-setting results for Devon, either, except a possible recession in 2023. In the meantime, Permian will most likely hang on to most of its DVN shares. SEE MORE The Pros' 10 Best S&P 500 Stocks to Buy Now Getty Images Visa Market value: $450.6 billion Billionaire investor: GQG Partners Shares sold: 6,967,149 (61%) GQG Partners finished the first quarter with $43.1 billion invested in 72 managed 13F securities. This was after the investment advisor reduced its holdings in 17 stocks over the three-month period, including its stake in Visa (V, $212.94). With the sale of almost 7 million shares, Visa's weighting in the Ft. Lauderdale advisory firm's large portfolio was reduced from 6.07% as of Dec. 31, 2021, to 2.22% at the end of March. The billionaire investment firm first acquired a position in the Dow Jones stock in Q4 2016. It's estimated to have paid an average price of $199.65 per V share. The investment advisor sold 61% of its Visa shares in the first quarter, most likely to preserve profits. It also could be over concerns of a potential economic slowdown. At the end of April, Piper Sandler analyst Chris Donat downgraded both Visa and Mastercard (MA) to Neutral from Overweight (the equivalents of Hold and Buy, respectively) on concerns that inflation could result in slowing discretionary spending and less cross-border activity in the future, Visa's bread and butter. ""While we think that MA and V have beautiful business models, these models operate in the broader global economy,"" Donat wrote in a note. He adds that both credit card companies have wide exposure to Europe, which could put pressure on transactions, profits and valuation multiples should the region enter a recession next year. SEE MORE 9 Great Alternative-Strategy Funds for Volatility Getty Images Pinduoduo Market value: $68.0 billion Billionaire investor: Chase Coleman III (Tiger Global Management) Shares sold: 10,012,324 (63%) Tiger Global Management, the hedge fund run by Chase Coleman III, sold out of 83 stocks in the first quarter and reduced its position in 46 others. In contrast, it bought just two new stocks and added to 21 others. Among those that Tiger Global Management reduced its position in during the first quarter were a number of Chinese stocks listed on U.S. exchanges. One of those was Shanghai-based e-commerce platform Pinduoduo (PDD, $53.75). The billionaire investor's hedge fund cut its position in PDD by 63%, dropping its weighting from 2.0% at the end of 2021 to 0.87% at the end of March. It finished the first quarter owning 5.8 million shares of PDD. Investors remain concerned that many of these firms will be delisted due to the Chinese government standing in the way of U.S. regulators for more than a decade. U.S. regulators are required by law to inspect the auditors of Chinese companies in order to be listed on domestic exchanges. In order to avoid a massive delisting of Chinese stocks in the U.S., Beijing will likely need to reach a settlement with Washington at some point in the near future. Tiger made other large sales of Chinese stocks during the quarter including New Oriental Education & Tech Group (EDU), JD.com (JD) and Alibaba Group (BABA). SEE MORE 11 Emerging Market Stocks That Analysts Love Getty Images Apple Market value: $2.4 trillion Billionaire investor: Winslow Capital Management Shares sold: 4,587,508 (99%) Winslow Capital Management had $23.1 billion in managed securities in its first-quarter 13F. Apple (AAPL, $146.14) was its largest reduction in terms of the number of shares sold without completely closing out of the position. Interestingly, the Minneapolis-based hedge fund retained 2,386 shares of Apple that were worth $417,000 at the end of March. Perhaps that's to lay the groundwork for building a position in the iPhone maker in the future. Apple was one of Winslow's largest positions heading into the quarter. However, after unloading nearly 4.6 million shares over the three-month period, AAPL is now the hedge fund's smallest stock holding. Only the iShares S&P 500 Growth ETF (IVW) has less of a weighting in Winslow's portfolio. Winslow first acquired Apple shares in the third quarter of 2019, paying an average price of $55.99 a share. The sale was likely another case of profit-taking. AAPL shares finished the quarter at $174.61. They've fallen 16% in the second quarter. The hedge fund also wasn't close to being the largest institutional seller of Apple stock in Q1 2022. That distinction belongs to Norges Bank, which sold 142.1 million AAPL shares to close out of its position entirely. State Street, meanwhile, came in second, selling 19.3 million shares during the quarter. Despite the sale, Apple remains State Street's largest equity position, with a 5.3% weighting. AAPL was just one of 21 stocks Winslow reduced its stake in during the first quarter, while the hedge fund completely sold out of 16 positions. Its top 10 holdings accounted for 46.0% of its portfolio at the end of March. SEE MORE 5 Stocks to Sell or Avoid Now Getty Images Verizon Market value: $215.2 billion Billionaire investor: Warren Buffett (Berkshire Hathaway) Shares sold: 157,444,464 (99%) Verizon (VZ, $51.24) was easily Warren Buffett's biggest stock sale in the first quarter. Berkshire Hathaway sold 99% of its stake in America's second-largest wireless carrier. Despite unloading all but 1.38 million shares of VZ stock, its current stake is still worth $70.7 million. That's how big the Berkshire Hathaway equity portfolio is. Berkshire first bought Verizon shares in the last quarter of 2020. It's estimated the holding company paid an average of $58.70 a share, or $9.3 billion, for its stake. VZ was Berkshire's seventh-largest position at the end of December, good enough to get a mention in the company's 2021 shareholder letter. It owned 3.8% of the company at the end of 2021, but that has fallen to a 0.03% ownership stake following the most recent share sale. Verizon's share price traded in a tight range between $50 and $55 during the first quarter. Even if Buffett got $55 from Q1 2022's big sale, it likely lost money on the stock it sold. How it ultimately does on the remaining 1.3 million VZ shares has yet to be written. Needless to say, it was not a good bet by Buffett & Co. SEE MORE 12 Cheapest Small Towns in America Getty Images Walt Disney Market value: $196.4 billion Billionaire investor: Ruane Cuniff & Goldfarb Shares sold: 2,804,442 (99%) In the first quarter, Ruane Cuniff & Goldfarb sold out of just one stock and reduced its stakes in 19 others. The one stock it sold out entirely was Primerica (PRI). However, PRI was not a big holding for the investment firm best known for its Sequoia Fund. It owned 1,400 shares of the insurance and wealth management company. Ruane's biggest sale in the first quarter was its disposition of 99% of its shares in Walt Disney (DIS, $107.83). Ruane first acquired Disney stock in Q2 2020. It paid an average price per share of $114.52. Following an 11.4% swoon in Q1 2022, Disney's share price was $137.16 at the end of March – and it has fallen even farther in the second quarter to now trade below cost. So, it appears that Ruane sold out at the right time. Still, at the end of March, Ruane owned 1,988 shares of the entertainment conglomerate. Just as Winslow Capital Management hung on to a little piece of Apple, the New York-based investment firm hung on to a little sliver of the blue-chip stock. One has to wonder why? SEE MORE 14 Hot Upcoming IPOs to Watch For in 2022 Getty Images Abbott Laboratories Market value: $204.1 billion Billionaire investor: Steadfast Capital Management Shares sold: 1,672,054 (100%) The New York-based hedge fund finished the first quarter with assets of $5.8 billion and 45 positions. One of them wasn't Abbott Laboratories (ABT, $116.42). The hedge fund sold its entire position in the first quarter – a massive turnaround from the end of December, when ABT was one of Steadfast’s largest positions at 3.93% of the portfolio. It was a quick turnaround, too. Steadfast first acquired shares in Abbott during the first quarter of 2021, paying an average price of $118.41 per share. The fund then added to its stake in Q2 – another 761,858 shares, for about 57% growth in the position. But over Q3 and Q4, Steadfast turned tail, unloading 149,705 and 263,979 shares, respectively. It was most certainly profit taking, as the stock hit a 52-week high of $142.60 on Dec. 27, 2021. Meanwhile, during the first quarter, ABT shares traded between about $114 and $141. It wouldn’t be surprising if Steadfast executed most if not all of its exit during the first quarter. SEE MORE 11 Best Investments to Inflation-Proof Your Portfolio Getty Images Cerner Market value: $27.9 billion Billionaire investor: John Paulson (Paulson & Co.) Shares sold: 474,010 (100%) Cerner (CERN, $94.97) was one of six companies Paulson & Co. – the hedge fund founded by billionaire investor John Paulson – completely exited in the first quarter. Paulson first acquired CERN shares in the fourth quarter of 2021, so the bet was a quick one. Paulson is estimated to have paid an average price of $92.87 a share for the healthcare technology stock. CERN's price at the end of March was $93.56 and it's barely budged from there. There's a reason for the lack of movement. In December, Cerner agreed to be acquired by Oracle (ORCL) for $28.3 billion, or $95 per share, in cash. Paulson might have held on to see if a better offer surfaced. When it was clear that wasn't going to happen, it's likely the hedge fund sold its shares. On June 1, ORCL said it has received all antitrust approvals for the buyout. Two Sigma Advisers is one of the largest institutions still holding CERN. The hedge fund actually added 592,400 shares during the first quarter, bringing its total position to 4.4 million shares, or 1.1% of its portfolio. SEE MORE 37 Ways to Earn Up to 9% Yields on Your Money Getty Images CoStar Group Market value: $24.2 billion Billionaire investor: Dan Loeb (Third Point) Shares sold: 5,687,819 (100%) Third Point – the hedge fund founded by billionaire investor Dan Loeb – sold out of 26 stocks in the first quarter and reduced its position in 22 others. One of the largest positions it completely sold out of in Q1 was CoStar Group (CSGP, $61.13). At the end of December, the hedge fund's stake was worth $449.5 million, and accounted for 3.1% of its portfolio. According to WhaleWisdom.com, Third Point first bought the commercial real estate data analytics firm's stock in Q1 2021. The average price paid is a shockingly high $154.30 a share. While that seems improbable, there is an explanation. On June 28, 2021, CoStar split its stock on a 10-for-1 basis. So, Dan Loeb's 5.69 million shares were 568,782 before the stock split. Third Point's 13F from Q1 2021 confirms that the hedge fund owned 550,000 shares as of March 31, 2021. At the end of Q2 2021, it owned 5,671,000 shares, which means it picked up an additional 17,100 shares before the 10-for-1 split. It picked up its final 16,819 in Q3 2021 after the split. The 550,000 shares bought in Q1 2021 were worth $452.0 million at the end of March 2021. That's $82.19 a share post-split. No matter which way you splice it, it's unlikely Loeb made money on this trade. SEE MORE The 12 Best REITs to Buy for 2022 Getty Images General Motors Market value: $55.2 billion Billionaire investor: David Tepper (Appaloosa Management) Shares sold: 2,250,000 (100%) Of the 12 stocks Appaloosa Management – the hedge fund co-founded by billionaire investor David Tepper – closed out in Q1 2022, General Motors (GM, $37.83) was the second-largest position behind T-Mobile (TMUS). Heading into the quarter, GM accounted for 3.39% of the hedge fund's portfolio. Appaloosa's purchase of GM appears to be nothing more than poor timing. It acquired its shares in Q4 2021 at an average price of $58.63 a share. GM stock is currently trading more than 35% below that price. For the sake of Appaloosa's limited partners, hopefully, David Tepper's money managers were able to unload GM by mid-January when shares were still trading in the mid-$50s. Capital Research Global Investors was another investment firm to sell GM stock in Q1, with the 13.9 million shares sold the most of any institution. However, despite the large share sale, it still owned 81.2 million shares at the end of March, making it the investment management firm's 24th largest position. While Appaloosa exited its GM position, Berenberg analyst Adrian Yanoshik is big on the Detroit auto manufacturer. On May 10, Yanoshik initiated coverage of GM with a Buy rating and a $55 price target. ""Despite fears, our work suggests that [auto maker] price-mix strength and deep order books can help generate free cash flow, funding transformations of legacy businesses into the electrified arena,"" Yanoshik wrote in a note to clients, as reported by Barron's. We'll know who's right in a year from now. SEE MORE The 15 Best Value Stocks to Buy Right Now Getty Image Jack in the Box Market value: $1.5 billion Billionaire investor: David Einhorn (Greenlight Capital) Shares sold: 211,024 (100%) Out of the 12 stocks David Einhorn's Greenlight Capital closed out in the first quarter, Jack in the Box (JACK, $69.48), a California-based burger chain, was his largest holding at the end of December, with a 1.06% weighting. Einhorn first acquired JACK shares in Q2 2020, paying an estimated $86.89 a share. Between January and March, Jack in the Box's shares traded between $79 and $97, so it's possible the hedge fund made some money on its bet. Not a huge amount, mind you, but a profit is always better than a loss. The consumer discretionary stock ended the first quarter at $93.41. Year-to-date, the stock is down 21%, so it appears Einhorn got out in the nick of time. Last December, Jack in the Box announced that it would acquire Del Taco, the country's second-largest Mexican QSR (quick-service restaurant) chain by the number of locations. JACK paid roughly $585 million, including the assumption of debt, for Del Taco. It closed the deal on March 8. SEE MORE The 10 Best Stocks for a Bear Market Getty Images Micron Technology Market value: $78.7 billion Billionaire investor: Jim Simons (Renaissance Technologies) Shares sold: 4,066,036 (100%) Figuring out which stocks to highlight with Jim Simons' hedge fund is not an easy task. At the end of the first quarter, Renaissance Technologies had $85.2 billion invested among 4,032 companies. That's an average of $21.1 million per company. While most hedge funds' top 10 holdings account for more than 50% of their 13F portfolios, Renaissance's top 10 represent just 12% of its massive portfolio. It was a busy first quarter for Simons. Over the three month period, the billionaire investor sold out of 656 stocks, reduced positions in 1,631, bought 828 new stocks and added to 1,564 existing positions. Of the 656 stocks it exited in the first quarter, Micron Technology (MU, $70.45) was the second-largest position in terms of percentage of the hedge fund's portfolio at the end of December, with a 0.47% weighting, behind only Microsoft at 0.98%. Renaissance first acquired Micron shares in Q4 2018. The hedge fund became legendary on Wall Street for using machine learning to bet on the markets. In a January 2020 article in Towards Data Science, the author points out that the firm's Medallion Fund achieved an average annual return of 66.1% between 1988 and 2019. Renaissance Technologies is estimated to have paid an average of $89.87 a share for its position in Micron. On a few occasions in the first quarter, Micron's share price reached above $95. The hedge fund likely used its first-rate machine learning capabilities to get out with a profit in hand. SEE MORE 7 Great GARP Stocks to Buy Now Getty Images NortonLifeLock Market value: $14.3 billion Billionaire investor: Seth Klarman (Baupost Group) Shares sold: 5,780,000 (100%) Baupost Group, the hedge fund founded by billionaire investor Seth Klarman, sold out of just two stocks in the first quarter. One was NortonLifeLock (NLOK, $24.65). The other was Pershing Square Tontine Holdings (PSTH), Bill Ackman's failed special purpose acquisition company (SPAC). Baupost also reduced its positions in 29 stocks during the first three months of 2022. The hedge fund is said to have first initiated a position in NLOK in Q4 2021, paying an average of $25.98 a share for the cybersecurity software company. NortonLifeLock accounted for 1.48% of Baupost's $10.1 billion in assets listed in its fourth-quarter 13F. Last August, NortonLifeLock announced that it was buying Czech consumer cybersecurity firm Avast for between $8.1 billion and $8.6 billion in a cash-and-stock transaction. The acquisition is expected to close sometime in the second half of 2022, pending regulatory review. The combined business is expected to have annual revenue of $3.5 billion. Norton CEO Vincent Pilette will head the merged firm, while Avast CEO Ondrej Vlcek will serve as president. Norton shareholders will own between 74% and 86% of the combined entity. The tech stock is down 5.1% for the year-to-date. SEE MORE The Best (And Worst) Stocks for Rising Prices Getty Images Occidental Petroleum Market value: $65.2 billion Billionaire investor: Carl Icahn Shares sold: 45,000,346 (100%) A funny thing happened to Occidental Petroleum (OXY, $69.61) in the first quarter. Two billionaire investors were buying and selling the oil and gas producer's stock. Carl Icahn was the one doing the selling, while Warren Buffett was buying. In early March, Icahn sold off the last of his 45 million shares of OXY stock, according to The Wall Street Journal. At one time, Icahn owned 10% of Occidental. He took the energy producer to task in 2019 for its $38 billion acquisition of Anadarko Petroleum. Buffett was instrumental in Occidental's Anadarko purchase. In the first quarter, Buffett's Berkshire Hathaway bought 136.4 million OXY shares. Berkshire also owns preferred stock on OXY and has warrants to buy an additional 84 million shares that it received for helping Occidental acquire Anadarko. As for Icahn, investors need not feel sorry for the billionaire. He first acquired shares of the company in the second quarter of 2019. He's estimated to have paid an average price of $21.44 a share, so the 86-year-old easily doubled his money over less than three years. SEE MORE 7 Energy ETFs for High Oil & Gas Prices Getty Images Pfizer Market value: $298.8 billion Billionaire investor: Philippe Laffont (Coatue Management) Shares sold: 10,311,917 (100%) Coatue Management sold out of 35 stocks in the first quarter, while reducing its stake in another 18 companies. Pfizer (PFE, $53.26) was the most notable position the New York-based hedge fund closed out of. During the first quarter, Pfizer stock traded as high as $58.55 and as low as $45.40. The hedge fund first acquired shares of PFE in Q4 2021, so the position wasn't held for very long. Coatue is estimated to have paid an average of $59.05 per share during the final three months of 2021, so the fund most likely lost money on its Pfizer position. Coatue still counts healthcare stock Moderna (MRNA) among its top positions – the 6.9 million shares held makeup 8.7% of its portfolio. This puts it in third place, just behind electric vehicle stocks Tesla (TSLA) and Rivian Automotive (RIVN) that take up the top two spots. Among other institutions selling 100% of their Pfizer stock during the quarter was Sanders Capital. The Florida-based hedge fund unloaded its 12.2 million PFE shares in Q1. Unlike Coatue, Sanders Capital first acquired Pfizer shares in Q4 2015, paying an average price of $33.24 per share. While PFE stock is down nearly 10% for the year-to-date, it could have a potential COVID-related catalyst coming down the pike. The Food and Drug Administration recently announced that 5- to 11-year-olds are now able to get a Pfizer/BioNTech (BNTX) booster shot. In addition, Paxlovid, the company's antiviral pill to treat COVID-19, is expected to generate $22 billion in sales in 2022. SEE MORE 12 Best Monthly Dividend Stocks and Funds for the Rest of 2022 Getty Images T-Mobile US Market value: $172.0 billion Billionaire investor: David Tepper (Appaloosa Management) Shares sold: 1,275,992 (100%) In the first quarter of 2022, Appaloosa Management closed out 12 positions. America's third-largest wireless carrier, T-Mobile US (TMUS, $137.17), was one of them. And TMUS was the hedge fund's largest position at the end of December – accounting for 3.8% of the $3.9 billion in assets listed on its fourth-quarter 13F – that it closed out in the first quarter. Appaloosa first acquired TMUS shares in Q4 2017. It paid an average of $99.35 a share. At the end of the first quarter, T-Mobile shares traded at $128.35. For the year-to-date, they're up 18.3% – not too bad considering the S&P 500 is down more than 13% so far in 2022. T-Mobile stock's return is also better than its two biggest competitors: AT&T (T) and Verizon (VZ) that are up 12.7% and down 1.4% for the year-to-date, respectively. When it comes to wireless, T-Mobile is winning the shareholder return game so far in 2022. Of the other institutions that sold TMUS in Q1 2022, King Street Capital had the largest weighting for TMUS at the end of December, with its stake accounting for 7.78% of its $1.07 billion in assets. No other company came close to being nearly as consequential a closeout. For whatever reason, known only to David Tepper and Appaloosa Management, the hedge fund didn't sell TMUS in July 2021 when it hit an all-time high of $150.20. Clearly, the 2022 rebound has given the hedge fund a chance to bow out gracefully. SEE MORE 12 of Wall Street's Newest Dividend Stocks Getty Images Willis Towers Watson Market value: $23.2 billion Billionaire investor: Larry Robbins (Glenview Capital Management) Shares sold: 362,996 (100%) Glenview Capital Management sold out of six stocks in the first quarter and reduced its holdings in 20 others. One of the six it sold in its entirety was Willis Towers Watson (WTW, $208.27). The hedge fund first acquired shares in the insurance brokerage in Q3 2021. It paid an average price per share of $232.46. Prior to the sale, WTW accounted for 1.84% of Glenview's $4.7 billion in managed 13F securities at the end of December. While Glenview's sale of Willis Towers Watson is notable, the biggest seller in terms of the number of WTW shares sold in the first quarter was Eagle Capital Management. It sold 2.0 million shares over the three-month period, nearly its entire stake. The New York-based investment firm first acquired shares in Q1 2021, paying an average price per share of $228.96. At the end of April, Willis reported first-quarter earnings that included an 11% year-over-year increase in adjusted net income to $315 million, or $2.66 per share. Analysts, on average, were expecting $2.28 a share. Its revenue during the first quarter was down 3% versus the year prior to $2.2 billion. SEE MORE 5 Stock Picks With Bulletproof Profit Margins The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-03-04,58.09,58.79,57.335,57.92,
CSGP,2022-03-07,57.51,57.85,53.25,53.27,
CSGP,2022-03-08,53.71,55.69,53.3,54.31,
CSGP,2022-03-09,55.99,58.135,55.69,57.02,"Good News From Target, a Change for Disney+, and More Nearly 700,000 jobs were added to the U.S. economy in February. The biggest gains were in the leisure and hospitality industries. Apple (NASDAQ: AAPL), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and other Silicon Valley companies announce plans for returning to their offices. Motley Fool analysts Jason Moser and Emily Flippen discuss employers taking an ""omnichannel"" approach with their employees, as well as: Target's stellar results. Costco's mixed quarter. Salesforce focusing on Slack (instead of more big acquisitions). Disney's plan to launch an ad-supported tier for Disney+. The latest from Sweetgreen, Domino's Pizza, Best Buy, Elastic, and Zoom Video. Emily and Jason answer a listener's question about whether to sell index funds in order to buy more stocks and share two stocks on their radar: Bilibili and Accenture. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. 10 stocks we like better than Apple When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 3, 2022 This video was recorded on March 4, 2022. Chris Hill: Silicon Valley is going back to the office and Disney is going back to the drawing board. If you're an investor, you're in the right place. Motley Fool Money starts now. It's the Motley Fool Money radio show. I'm Chris Hill and I'm joined by Motley Fool Senior Analysts Jason Moser and Emily Flippen. Good to see you both. Jason Moser: Hey. Emily Flippen: Hey, Chris. Chris Hill: We've got the latest headlines from Wall Street. We will dip into the full mailbag and as always, we've got a couple of stocks on our radar. But we begin with the big macro. The US economy added nearly 700,000 jobs in February, with the biggest gains coming in the leisure and hospitality industries. In keeping with the reopening seen this week, Apple, Alphabet, Salesforce, and Twitter all outlined plans for employees returning to offices and Emily, when you think about the rise of vaccines and COVID cases falling all over the country. This all makes sense. Emily Flippen: It's good to have some positive news to kick off in this week, I should say. We're still above the unemployment rate pre-pandemic, but it's definitely trending in the right direction. All the metrics you just mentioned point to an economy that is reopening relatively strong consumer base. With those businesses like Apple recently announcing their plans for office reopening. It's going to be really interesting to see what happens with labor pools and unemployment rates moving forward because there's been this collection of feelings from workers and businesses that yeah, I mean, a lot of people want to be in the office, while at the same time, a lot of people have become extremely accustomed to a certain level of flexibility and their work-life balance so try to find that middle ground of both having some sense of control and efficiency in the office, while also having the flexibility whether it be for your health, for your family or really just having a separation of work and life by having flexibility around your work arrangements. How they marry those two things together will be very interesting to see. We've seen the fallout from businesses CoStar being one recently, who tried to bring the move into the office a little too aggressively had a lot of pushback from employees. We'll see if some of these big tech businesses can find the right way to do it. Chris Hill: Well, and Jason, you looked at something like Marc Benioff at Salesforce talking about collaboration and flexibility, flexibility for the employees, but getting people into the office for that in-person collaboration. Jason Moser: Yeah, I think it's very telling to see all of these companies; Microsoft, Google, Twitter, Salesforce, Apple so focus now on getting their employees back. It doesn't sound like it's something that's necessarily optional, but I agree with Emily. I think what we're looking at going forward is companies are going to have to be more thoughtful about how they do this. I think ultimately, we've talked a lot in the past about the changing retail space and we've always used that word omnichannel and I feel like going forward really you need to be like the omnichannel employer. I mean, I think speaking in absolutes as far as this stuff's concerned, probably leaves a lot of opportunity on the table. If you're like up a fully remote company, that probably isn't going to work out very well in the long run. Just like if you're a company that just demands everyone to be onsite all of the time as well. I think the companies, they can basically develop that omnichannel employer of philosophy that embraces hybrid work, allowing that flexibility while also really I think honing in on that need for people to be together. I think that's really going to be the key to it all. Chris Hill: This week, Target held its first in-person investor day since the start of the pandemic. CEO Brian Cornell talked about how the company is getting more efficient and that the average Target store has added $15 million in sales over the past few years. By the way Jason, their fourth quarter profits were also higher than expected. Jason Moser: Yeah. This one has been just hiding in plain sight. It's very impressive to see what CEO Brian Cornell has done in his time coming in and having to implement strategy change, really building that omnichannel retailer that they envision that consumers are looking for and all of the signs here show that he's doing it. He's succeeding. The stock is up 290 percent of the last five years and that's for good reason. Success in omnichannel has translated into success in the business and they note this frequently that omnichannel guests spend four times as much. Is store only guests and even more compared to digital only guess so really driving that omnichannel identity is what's been a key point of focus here from Cornell, 19 consecutive quarters now of comps growth, which is really impressive when you think about what we've just been through over these last couple of years. For the quarter, comps grew 8.9 percent. Comp traffic grew 8.1 percent. It's impressive to see they've grown nearly $28 billion in revenue more than 35 percent over the last couple of years in and it's looking like for fiscal 2022, that will moderate a little bit. They're expecting low to mid single digit revenue growth. But again, you look back to how the stock has performed that doesn't seem to be an accident, as Ron would say this company is firing on all cylinders. Chris Hill: Well, and we talked about capital allocation all the time about it's such an important skill and you think about Brian Cornell, and anytime there's been a question about his decision to allocate capital in a certain way and the questions are fair. Whenever you asked, is this going to work? The answer almost always is yes. When he came out and said, we're actually going to get out of the pharmacy business. We're going to sell our in-store pharmacy presence to CVS. They've got a lot of money for that and it's like, well, what are you going to do with it? We're going to invest in apparel and in both cases I was like, is this going to work? The answer is yes. Jason Moser: Yeah, they've done a really good job allocating capital. I think you make some very good points there. I think obviously the acquisition of shipped has been a tremendous boost for this business. They continue to repurchase shares very opportunistically bringing that share count down significantly over the past five years so it really does feel like from a capital allocation perspective Mr. Cornell has nailed it as well. Chris Hill: Costco second quarter report had a little something for everyone. For bulls, it was the higher foot traffic in stores, with customers buying high margin items like jewelry and home goods. For bears, it was Costco still battling supply chain problems. Although historically Emily, being bearish on Costco, not a great idea for investors. Emily Flippen: Well, if anybody's driven past a Costco recently, they already probably had an inkling that this quarter was going to be decent. Revenue row 16 percent earnings even better, rising 36 percent year over year, largely because of that increase in food traffic as well as higher-margin sales. But as you mentioned, there was a good reason to be a little bit bearish on this quarter. I won't go as far as saying being added all out bear on Costco, but there are certainly worse some headwinds. We had permanent wage increases for employees that came into effect in October 2021 that was expected to weigh on this quarter, as well as those supply chain issues, logistics challenges, labor shortages. There were lots of things that could impact Costco, but those higher margin products sales combined with the foot traffic, more than made up for the headwinds they experienced over the past quarter, largely thanks to again, that capital allocation, investing heavily into their logistics and warehousing business. But here's what I found really interesting about this quarter, Costco chose to keep its membership fee the same. Now they may increase it at some point this year they didn't promise it was going to be the same forever. But we've seen other businesses, Netflix and Amazon raise prices amid this inflation. You have to wonder what's going through the minds of the Costco management team here. Because from my perspective, I think they know their customers are a bit price-sensitive with the chip shortages as well as rising inflation, they're already seeing the prices rise on their everyday goods with the prices also rising on their Costco membership. Maybe they'd be afraid that they'd knock their renewal rates a little bit if they raise prices right now. Chris Hill: But if you are able to bet on whether or not they raise their membership fee at some point in 2022, wouldn't you bet on that? Because if history is any guide, this is the year they're going to do it. Emily Flippen: Yes, historically speaking, they raise their fee every 5-6 years, so they're right about in that timeframe right now. I do think they can do it and I would expect for them to do it if not in 2022, definitely in 2023, they keep their renewal rates near 90 percent pretty consistently so you know they're going to be smart about when and if they do it. Chris Hill: It's pretty amazing when you consider we talked about businesses like Netflix or HBO Max and churn rates with customers. Those businesses would kill to have a retention rate, anything approaching what Costco has. Salesforce wrapped up its fiscal year with profits and revenue higher than expected. Two years ago, Salesforce bought Slack for $28 billion, but co-CEO Bret Taylor said on theearnings call the company has no big acquisition plans in the near-term. Jason, it sounds like they are trying to optimize Slack as much as they can. Jason Moser: I think you've probably heard a collective sigh of relief from Salesforce investors. It's not to say that acquisitions are a bad thing and they've had I think a successful track record thus far, but yeah, let's go ahead and take a step back and digest this Slack deal first. Always a good reminder of what Salesforce does. Customer relationship management, getting data from all of these different communications channels today, which help businesses then learn more about their target audiences. It helps them retain customers and drive sales. Based on the numbers, based on everything we've seen, customers find a lot of value in what Salesforce has to offer. The numbers again, very impressive. Fourth quarter revenues, $7.33 billion it was up 26 percent. Remember the overwhelming majority of that is subscription revenue that translated into earnings per share of $0.84. They continue to recognize the data benefits from the Tableau and MuleSoft acquisitions. Those are the data businesses and it altogether those acquisitions, that data business now, they accelerated growth to 23.5 percent from a year ago. Sales Cloud and Service Cloud are both now $6 billion businesses on their own. In fourth quarter they grew 17 and 18 percent respectively. Back to Slack, yes, Slack continues to perform very well under the Salesforce umbrella. The number of customers spending $100,000 annually with Slack increased 46 percent from a year ago. So you put it all together, Marc Benioff, I think one of the more glass half-full CEOs, you'll hear out there. I love listening to him talk just because he lights up a room and he lights up a conference call. It seemed like he was really excited to get employees back together and have the offices open. I can imagine that's exciting for a lot of folks. It sounds like this coming year is going to be a good one. They're calling for $4.63 in earnings. That put shares now around 43 times full year estimates. So, cheap? No. But relatively speaking, it's actually starting to look like a compelling multiple for a business like this that has a stellar track record. It's growing and it continues to push those margins higher. Chris Hill: More after the break, so stay right here. You're listening to Motley Fool Money. Welcome back to Motley Fool Money. Chris Hill here with Jason Moser and Emily Flippen. Sweetgreen's first quarterly report since it went public last November was a hit with investors. The fast casual salad chain is not profitable, but expects sales to be strong this year. Emily, salad is rarely my first option for a meal, but as a business, I have to say Sweetgreen intrigues me. Emily Flippen: I have to say, if you've eaten at a Sweetgreen you're probably familiar with why this business had such a great quarter because the food is really pretty decent. For a salad. Now they did report a loss that was greater than expected, but revenue grew nearly 63 percent, admittedly coming off some pretty weak comparables. There's an interesting device of community behind the Sweetgreen business as an investment because more than a third of their sales actually come from the New York metropolitan area. You can see why a fancy salad chain would have a lot of success, especially with people coming back to the office, grabbing lunch in-between meetings. This model works in urban areas, but there's also been a large constituent of investors who think Sweetgreen might be the next Chipotle. When you look at their cash-on-cash returns and their unit economics for their stores, it's actually really impressive. The big question is, Sweetgreen only has around 140, 150 locations currently. Can they make a model work in the suburban areas that has succeeded so readily in urban districts? I'm not entirely sure I am sold on it. I do think their prices are a bit higher than what suburban customers may be accustomed to paying for lunch out. However, I will say the food is really decent if I can speak for myself here, and I can see an argument for a larger store count than the one they have currently. Chris Hill: Would it make sense for them to offer some type of value salad, something that has a price point of like $8-10? Emily Flippen: When you look at the success of Chipotle, part of the reason why Chipotle management isn't that worried about the fact they've had to raise prices over the past year is because they've consistently had an option price below $10. Their most popular item, their chicken burrito. That's been really steady. Regardless of where your price point has been, you've been able to walk into a Chipotle and know that you're going to get a reasonably priced chicken burrito. Sweetgreen doesn't have that right now. They charge per topping, which is challenging, I think for a lot of consumers. Their salads readily end up being $15-20 per salad. It doesn't translate as easily to maybe a more price sensitive market. I do concern a little bit with how Sweetgreen is going to expand. I do think having some base level option that is priced at or below $10 would dramatically helped them assuming of course they can make that profitable. Chris Hill: The headline for Domino's Pizza is not the company's fourth-quarter earnings report. It's the fact that CEO Rich Allison is retiring after less than four years in the corner office. Allison will step down later this spring and hand the keys to Domino's Chief Operating Officer Russell Weiner. Jason, Rich Allison is 53 years old. He's not staying on the board. He sounds like someone who's just going to live the next stage of his life. Jason Moser: I'm getting hungry. I mean, it's Chipotle and Sweetgreen and pizza. Focus up, Jason. All right. Yeah, you're right. The big story, Rich Allison calling it a day. I mean, he's with the company for 11 years, CEO for about four, obviously done a tremendous job, particularly in a difficult time. Very sensible to promote Russell Weiner who served as the COO for about four years and has been with the company since 2008. We'll have to see how he performs. That's not always a guarantee, but typically like to see that COO take the step up. As far as the quarter, it was OK. It wasn't anything really to write home about, but US same store sales growth, one percent, international same store sales growth of 1.8 percent. That means they continue their streak of 112 consecutive quarters of positive international comps growth. Just really impressive, but not terribly surprising when you consider their global retail sales reach $17.8 billion in 2021. That's up almost 12 percent from a year ago. Even more impressively, this was in the call, when they compare it back to pre-pandemic 2019, they've grown the Domino's brand by $3.5 billion in retail sales on a global basis over the last few years. It's been a tremendous time. That said, I think going forward they're going to witness some challenges here. Inflation, I think is going to be really a key point of focus management noted on the call. They are seeing unprecedented cost pressures. They're calling for 8-10 percent cost increases there and that will likely be loaded on the front half of the year. But it's been a wonderful investment thus far because they've managed capital so well and continue to grow out in what is a very large and growing market opportunity in pizza. Chris Hill: A story of Best Buy's fourth quarter report involves supply chain challenges, staffing challenges, and lower revenue than expected. Naturally shares at Best Buy are up nearly 10 percent this week, Emily. Emily Flippen: Naturally. The market is just showing how irrational it is, especially when you compare it to something like Costco. But I will say the market was baking in some big headwinds here due to supply and chip shortages and maybe the market just wasn't expecting things to be not as bad as they were. I will say, my concern with Best Buy, it's an amazing business, it's consistently blown investors out of the water. But are they suffering from scope creep? Because their move into total tech, their $200 membership program, I can see that working. But getting into furniture and healthcare, it feels outside their areas of core competencies. I really want to see execution here in a way that I'm not sure is possible given their existing business lines. Chris Hill: So when I go into a Best Buy and they've got their stereo setup and they've got those large comfy chairs, I can buy one of those? I can walk out with one of those? Emily Flippen: That's the plan. Outdoor furniture, indoor furniture and maybe even telehealth at some point in the future. I guess everything's on the table for Best Buy. Chris Hill: More after the break, including a closer look at Disney's latest decision for its streaming service. Stay right here. You're listening to Motley Fool Money. Welcome back to Motley Fool Money. Chris Hill here with Emily Flippen and Jason Moser. Third quarter results for Elastic were better than expected, but shares of the software as a service company basically flat this week. Jason, this was the first quarter with new CEO Ash Kulkarni, how is he doing so far? Jason Moser: Yeah, I'd say one quarter in the book seems like he's off to a good start. Remember Elastic, they focus on search primarily for the enterprise, and they did pre-announce the results a little while back that they would exceed their guidance for the quarter. So there are no real surprises here. But as you mentioned, new CEO, Ash Kulkarni is now at the helm. We'll learn more about him as a leader in the coming quarters. Founder Shay Banon has now stepped down to serve as the CTO. He's going to help lead the company for just not in that same executive level. But the numbers continue to impress. Total revenue $224 million, that was up 43 percent from a year ago. Elastic Cloud, which the company continues to make big investments in that, becomes a larger part of the business. That segment of the business revenue grew 80 percent, it now represents 36 percent of total revenue as compared to 29 percent a year ago. That's something to keep an eye on because they see this being accounting for more than half of overall revenue here over the next couple of years or so. Of course, still working at profitability, market that don't like these stocks too much these day, but positive operating cash flow, $5.1 million was a good thing to see. But the key performance indicators tell us they're doing something right, Chris. The total subscription customer account was over 17,900 versus 13,800 a year ago, customer account with annual contract value greater than $100,000 was over 890 versus 670 a year ago, and that net expansion rate remains just below 130 percent. The business is guiding for 30 percent revenue growth in its current quarter. Sounds like 40 percent growth for the full year. Yeah, tough time for companies like these in this type of volatile market, but it feels like Elastic is doing what they say they're going to do. Chris Hill: I realize I'm about to throw a rock inside this glass house, but we work at a company where we call each other Fool. Did you you know that at Elastic they refer to each other as Elasticians? Jason Moser: I had heard that. Now I've never heard someone used the word, but I had read that somewhere, I found that interesting. Chris Hill: Just keep that in mind. If you're applying for a job at Elastic, that's the direction you're going in. On Friday, Disney announced that later this year, it will launch a new ad supported tier for its Disney Plus streaming service. The company did not say exactly when or what the price would be, only that the ad supported offering would expand internationally in 2023. Emily, I can see the bull case for this, and I can also see this as a little bit of a warning flag. Emily Flippen: I eventually want to pass the question off to each of you. If you think this is a reactive or proactive move. But before I do, I want to rewind back to late 2019 when Disney first announced that they were going to come out with Disney Plus a streaming service. Now, I will say I was a bit of a bear on the idea. I clearly underestimated how many people adults included would continue to pay for an offering from Disney Plus for their streaming services. I thought coming in at such a low cost, there'd be no pricing power here. While I have been wrong, I do think this is a little bit of a yellow flag that maybe the second half of my original thoughts were a bit on the mark, which is the pricing power of Disney Plus as a streaming service. Part of what made it so attractive at launch was that it was so reasonably priced, people could slip it into their budgets, but they've increasingly raised the price and it seems like in order to meet their really lofty subscriber goals, upwards of 260 million subscribers by 2024 is their intention, they're having to come out with an ad-supported tier, presumably at a lower price in order to increase the average revenue per user and bring themselves more in line with existing offerings. From my perspective, I've been so impressed with the offerings to say Netflix, which has always managed to both increased prices and retain and grow users without ever having to move toward ads. Seeing Disney so quickly pivot into the ad supported space to me says, hey, we're aware that there's a cap on how much people are willing to pay for this, so for the people who don't want to pay that much will have you pay a little bit less and you could watch some ads. If we're having to do that to me, it's saying the content on our platform isn't as appealing. But what do I know? I want to pass that question off to each of you. I've been a benefit of a skeptic on Disney Plus for awhile, but Jason, I know you've been a fan. Jason Moser: Yeah. I mean, we're definitely fans, we were subscribers in our household. You make a lot of really good points there and I don't mean to be on the fence, but I feel like this is a bit of them playing offense and defense. I mean, I think they see an opportunity to grow the user base, the subscriber base, in the face of like we saw on Netflix recently. It seems like a lot of that success had been pulled forward perhaps subscriber growth has slowed down a little bit there. Maybe they see this as an opportunity at Disney to jump in there and offer something a little bit differentiated. But by the same token, it also feels defensive because those goals were so lofty. I even said, I've been a little bit skeptical of that 230-260 million number up to this point, just because it was so great. Now what this most recent report really for them to get there by 2024, that's 20 percent annualized growth, and that seems more reasonable at least and maybe this is an insurance plan to help really get to that point. I think you're right. The content on Disney Plus and in its related properties needs to continue to get better if it's going to be a household core offering like Netflix is, and I think that's ultimately where they need to try to get is just be a household core offerings. When you consider services that you're going to switch off, Netflix probably isn't one of them and they want to make sure that Disney Plus isn't one of them either, so that'll take a little time to get there still, I think. But to me, it really is very curious. I feel like the international opportunity here maybe is greater than some might think, and that's just from the perspective of the advertising supported video on-demand offering is a much more popular offering outside of the United States. I think globally speaking, it's just a more popular offering because it's a better value proposition for, I think, a lot of people. So maybe they see the opportunity there. It will be interesting to see how this develops. I would imagine though, it will bring more subscribers in the door, which is what they're looking to do. Chris Hill: Emily, my immediate reaction when I saw the news was, this is a reactive move. Now, I could very easily be wrong about that. But in the moment, that was my first thought, they are reacting to subscriber growth not being what they wanted to be and so therefore, they're going with this. They don't really share a ton of information about Hulu, and the bull case for this is they're looking at their internal data and seeing if we get people in on the ad supported version of Hulu, that's a pathway to them becoming subscribers at a higher price point where they don't have to watch ads. Maybe that they're looking at their own data and saying, we need to offer this ad-supported model because it's going to be a pathway and it may also enable them to raise the price more quickly on the regular streaming service of Disney Plus. Emily Flippen: Let me say if this is a reactive move, I appreciate the fact that they are reacting quickly as opposed to reacting slowly, which is the other alternative. Chris Hill: Yes, particularly you mentioned when they rolled it out, wasn't 2016 the original year they were looking to roll out their streaming service and then it got pushed back to 2017? They finally got it and they got it right. But to your point, yes, if it's reactive, at least Bob Chapek and his team are moving quickly. Zoom video's fourth-quarter results were better than Wall Street was expecting. It's shares fell a bit when Zoom management said they expect 10 percent growth in the fiscal year ahead. I get that it's not as growthy as someone on Wall Street would like Jason, but this seems very much in character with the guidance that CEO Eric Yuan has given quarter in and quarter out. Jason Moser: Yeah, I don't think really much has changed here. I think this certainly falls in line with many of the other stay at home stocks that have been on such a wild ride for these past couple of years. Zoom shares is down, I think close to 75 percent from 52-week high. Now maybe that's an overreaction, but maybe not. I mean, one thing is for sure growth is slowing down and we see that in that 10 percent guide for this full year, hopefully that proves to be conservative. But again, I mean, it's a good business, its recording some very impressive numbers. Fourth quarter revenue, just over $1 billion. That was up 21 percent from a year ago, and you're looking at non-GAAP net income earnings per share at $1, 22 cents. I mean, the key performance indicators, again, for a business like Zoom, similar to a lot of these other SaaS type offerings. You're looking at customers and in those that are spending more, and they have 2,725 customers now contributing more than $100,000 in trailing 12 month revenue, that's up 66 percent from a year ago, they have approximately 509,800 customers with more than 10 employees, that's up nine percent from a year ago. The net dollar expansion rate for customers with more than 10 employees is 129 percent, so that continues to be a bright spot there. Remember what not that long ago, Zoom had that five nine acquisition. That that was something that was really going to bring two companies together. Zoom focusing a little bit more on that call center side of the market and perhaps becoming a little bit more like a Salesforce focusing on that customer relationship management. We know that deal got mixed. However, that is not preventing Zoom from making investments in this space. Now they had the Zoom Contact Center offering that has rolled out, that is going to be something that they continue to invest in here in the coming year and beyond. Then I think really the longer-term, the bigger question just really is, how will they be able to leverage their technology? Their APIs, the software development kits, how will they be able to leverage that technology embedded in such a way that companies are utilizing Zoom on many different levels for all of their communication needs in the future because that's really the ultimate goal. But until we get some more clarity there, I think the pull back in the stock price makes sense. Chris Hill: Up next we'll dip into the Fool Mailbag. We've got a couple of stocks on our radar. Stay right here. You're listening to Motley Fool Money. As always, people on the program may have interest in the stocks they talk about. The Motley Fool may have formal recommendations for or against, sell or buy ourselves stocks based solely on what you hear. Welcome back to Motley Fool Money. Chris Hill here, with Jason Moser and Emily Flippen. Our email address is podcasts@fool.com. That's podcasts with an s at the end, podcasts@fool.com. Drop us a note, we're lonely. Got an email from Fareed who says, I started listening to your show last year and looked forward to each episode. I like the mixture of opinions and points of view each member brings to the show. My question for the team is, was quality of stocks down because of recent events? Should I sell my Vanguard S&P 500 Index fund to purchase individual stocks? More than half my investment is with individual stocks. In case you're wondering why I purchased the Vanguard Index fund, when I first started investing, I didn't know any better and took the safe route. My average cost is $200 and it's around $400 now, and if it helps to answer my question better, we're young adults with a baby. Look forward to hearing your thoughts. Fareed, thank you for the email, congrats on the baby. As always, you can never drink enough coffee. [LAUGHTER] Before we get into this, the usual disclaimer that we can't give individual advice. I got to say Jason, I love starting with the Vanguard S&P 500 Index fund. I think that's as good, if not the best first step for anyone just starting out. Jason Moser: I couldn't agree more. Fareed, you're wise beyond your years. Knowing what you don't know is really key to becoming a good investor I think. That was a wonderful first step. I applaud you for that in. As someone who's probably been investing for a little bit longer than you, listen, I own shares in the S&P 500 Index fund as well. Like you've got to protect yourself from yourself sometimes. I like the question and it's something that I grapple with sometimes as well owning that index fund. I think it depends on your risk tolerance to degree. I think it depends on what tax implications, if any, you would encounter from selling shares of that fund. The thing about index funds, I think for many of us, they're just the easiest way to gain instant diversification. The longer you own them, the more sense it makes as those returns just continue to compound. But I also understand the desire to invest in individual stocks and that is also something I grapple with. I think probably my preferred first course of action would be to focus on putting new money in individual stocks if possible, and letting that money invested in the funds just keep doing its thing. If that's not an option, then you'll have to weigh the decisions from there. But that's how I would approach the problem, at least. Chris Hill: Emily, you and I recorded something the other day that's going to run on next Tuesday's podcast. Part of our conversation gets at this notion of selling. I think you and I are of like mind, which is, if possible, we really don't want to be in the position of selling. Since sometimes you have to, sometimes you want to because you're making a big purchase or investing in some other manner. But I think that is our inclination. Emily Flippen: Yes. I think there's a false dichotomy that exists with some investors where they think they're either all passive or are all active. When they're ready to dip their toes into buying individual companies, they assume that they can't have passive exposure. That's not necessarily the case. I have a ton of my money in index funds personally, you can have a mixture of both. But I do agree that selling tends not to be the best way to go about reallocating, because it's a reactive instead of proactive approach. You should develop an asset allocation that works for you. Then as you have money, as you have money to invest, invest per that asset allocation. Otherwise, what you're trying to do is time the market with when is the right time to jump from asset class to asset class or investment to investment, which again, tends to be the worst time to try to reevaluate that. Chris Hill: I'll just wrap up by saying, I love Fareed's recognition that there are quality stocks that are on sale. Keep that mindset because that is how you become and stay a net buyer of stocks over the years. Let's get to the stocks on our radar. Our man behind the glass, Rick Engdahl is going to hit you with a question. Mr. Moser, you're up first. What are you looking at this week? Jason Moser: Yes, sir. Taking a look at Accenture, ticker is ACN. Accenture is a professional services company. They provide strategy and consulting and interactive and technology operations and services worldwide. This is seen as the gold standard in the industry, the revenue is derived primarily from Forbes Global 2000 companies, governments, and government agencies around the world, serving five core markets, communications, media and technology, financial services, health and public services, and products and resources. This is a business to me, they got CEO Julie Spellman Sweet. She's been the CEO since 2019 with the company for better over a decade though. What really caught my eye, this volatile market, Chris, I mean, this is a company that generate a better than $7 billion in free cash flow last year with a stock down 23 percent year to date. This could be some nice stability in a volatile market. Chris Hill: Rick, question about Accenture? Rick Engdahl: I'm sorry, I nodded off there for a second. [LAUGHTER] I know you're supposed to follow stocks that are of interest to you. What is it that is interesting about this stock to follow for someone like me? Jason Moser: I know it sounds boring, but I think there's some interesting dynamics to business. They have an actual immersive technology division within the company, where they have expertise within the entire immersive technology and extended reality market there. As we see that grow, they're going to be able to serve companies around the world with their skillsets regarding that. Hey, think metaverse, Rick. Now, do I have your attention? Chris Hill: I'll just add that years ago my friend Rebecca worked at this company when they changed their name to Accenture. I remember saying, ""What is Accenture?"" She said, ""Wow, it's a mash-up of accent on the future."" I said, ""Look, that's just not going to work. This is totally going to backfire."" [LAUGHTER] You can just add that to the long list of times that I was completely wrong about something related to business. Emily Flippen, what are you looking at? Emily Flippen: Well, if you think Accenture is a silly name, then you've really going to have a field day with my radar stock. That's Bilibili, the ticker is BILI. It's a Chinese gaming company. I could spend the next few minutes talking about all of the very real regulatory and geopolitical risks that exist with this business that would make it potentially not an investment for many people. But instead of doing that, I'm going to focus on their most recent quarter, which was actually really stellar from just a core business perspective, revenue grew 54 percent, but more importantly, more than nine percent of all of Bilibili's users are paying subscribers now. Even interestingly enough, CEO Rui Chen is using his own capital to buy back up to $10 million worth of US listed shares. Certainly one to, maybe not buy today, but to at least have on your radar. Jason Moser: Rick, question about Bilibili? Rick Engdahl: Is it strictly a Chinese company as far as it's customer base? There's a lot of media out there that's made the cross overseas and not that one as far as I know. Emily Flippen: Yes, all of their users are Chinese-based users, so it's a pure play in that sense. But they do license games and contents from other countries, Japan, as well as other countries across Asia. There is a little bit of exposure there, but user base, all Chinese. Chris Hill: What do you want to add to your watch list, Rick? Rick Engdahl: Sweetgreen. I'm sorry. It's lunchtime. Chris Hill: All right. Jason Moser, Emily Flippen. Thanks for being here. Emily Flippen: Thanks, Chris. Chris Hill: That's going to do it for this week's Motley Fool Money radio show. Show is mixed by Rick Engdahl. I'm Chris Hill. Thanks for listening. We'll see you next time. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Chris Hill owns Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Chipotle Mexican Grill, Costco Wholesale, Microsoft, Target, and Walt Disney. Emily Flippen owns Bilibili. Jason Moser owns Alphabet (C shares), Amazon, Apple, Chipotle Mexican Grill, and Walt Disney. Rick Engdahl owns Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Best Buy, Chipotle Mexican Grill, Costco Wholesale, Microsoft, Netflix, Salesforce.com, Target, Walt Disney, and Zoom Video Communications. The Motley Fool owns and recommends Accenture, Alphabet (A shares), Amazon, Apple, Best Buy, Chipotle Mexican Grill, CoStar Group, Costco Wholesale, Domino's Pizza, Elastic, Microsoft, Netflix, Salesforce.com, Twitter, Walt Disney, and Zoom Video Communications. The Motley Fool recommends Alphabet (C shares), Bilibili, and CVS Health and recommends the following options: long January 2024 $145 calls on Walt Disney, long March 2023 $120 calls on Apple, short January 2024 $155 calls on Walt Disney, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-03-10,55.72,56.3,55.11,56.08,
CSGP,2022-03-11,56.72,56.72,55.08,55.43,
CSGP,2022-03-14,55.76,56.745,55.62,55.95,
CSGP,2022-03-15,55.95,58.22,55.95,57.84,
CSGP,2022-03-16,58.79,60.775,58.24,59.53,
CSGP,2022-03-17,59.26,62.57,58.645,62.55,
CSGP,2022-03-18,61.77,65.59,61.77,65.21,
CSGP,2022-03-21,64.54,65.19,63.24,64.53,"Add Up The Parts: EUSA Could Be Worth $101 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares MSCI USA Equal Weighted ETF (Symbol: EUSA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $101.41 per unit. With EUSA trading at a recent price near $84.32 per unit, that means that analysts see 20.27% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EUSA's underlying holdings with notable upside to their analyst target prices are Black Knight Inc (Symbol: BKI), Avantor Inc (Symbol: AVTR), and CoStar Group, Inc. (Symbol: CSGP). Although BKI has traded at a recent price of $60.58/share, the average analyst target is 40.86% higher at $85.33/share. Similarly, AVTR has 34.04% upside from the recent share price of $35.14 if the average analyst target price of $47.10/share is reached, and analysts on average are expecting CSGP to reach a target price of $86.14/share, which is 32.12% above the recent price of $65.20. Below is a twelve month price history chart comparing the stock performance of BKI, AVTR, and CSGP: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET iShares MSCI USA Equal Weighted ETF EUSA $84.32 $101.41 20.27% Black Knight Inc BKI $60.58 $85.33 40.86% Avantor Inc AVTR $35.14 $47.10 34.04% CoStar Group, Inc. CSGP $65.20 $86.14 32.12% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-03-22,64.65,67.01,64.3,66.99,
CSGP,2022-03-23,66.52,67.26,65.48,66.82,
CSGP,2022-03-24,67.02,67.45,66.23,67.44,
CSGP,2022-03-25,67.7,67.95,66.3,67.56,
CSGP,2022-03-28,67.63,68.46,66.62,68.39,
CSGP,2022-03-29,69.33,70.18,68.46,69.59,
CSGP,2022-03-30,68.95,69.28,67.64,67.99,
CSGP,2022-03-31,68.41,68.41,66.46,66.61,"Don't Let These Toxic Stocks Disrupt Your Portfolio Distinguishing between overpriced and fairly priced stocks is the key to successful investing. But the task is not easy, as the correctly priced and overvalued stocks are mingled in a very deceptive way in the marketplace. Investors who can pinpoint the overhyped toxic stocks and discard them at the right time are the ones poised to benefit. Usually, toxic companies are vulnerable to external shocks. These companies are burdened with huge debts too. Also, the unjustifiably high price of the toxic stocks is short-lived as their current price exceeds their inherent value. Quite naturally, these stocks are bound to result in a loss for investors over time. Ligand Pharmaceuticals LGND, Las Vegas Sands LVS, CoStar Group CSGP and Blackbaud Inc. BLKB are a few such toxic stocks that you should dump to avoid portfolio bleeding. Higher price of the toxic stocks can be attributed to either an irrational exuberance associated with them or some serious fundamental lacuna. If you own such stocks for long, you are likely to see a big loss in your wealth. If you can, however, precisely spot the toxic stocks, you may gain by resorting to an investing strategy called short selling. This strategy allows you to sell a stock first and then buy it when the price falls. While short selling excels in bear markets, it typically loses money in bull markets. So, just like figuring out stocks with growth potential, identifying toxic stocks and discarding them at the right time is the key to shield your portfolio from big losses or make profits by short selling them. Screening Criteria Here is a winning strategy that will help you to identify overpriced toxic stocks: Most recent Debt/Equity Ratio greater than the median industry average: High debt/equity ratio implies high leverage. High leverage indicates a huge level of repayment that the company has to make in connection with the debt amount. P/E using 12-month forward EPS estimate greater than 50: A very high forward P/E implies that a stock is highly overvalued. % Change in F (1) and F (2) Estimate (12 Weeks) less than -5: Negative EPS estimate revision for this fiscal year and the next during the past 12 weeks points to analysts’ pessimism. Zacks Rank more than or equal to #3 (Hold): We have not considered Buy-rated stocks that generally outperform the market. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Here are four of the 43 toxic stocks that showed up on the screen: Ligand: San Diego-based Ligand is a biotechnology company focused on the development and licensing of biopharmaceutical assets. Ligand’s dependence on the Captisol program and Captisol-based partnerships is concerning. If any of the company’s partners fail to receive regulatory approval or terminate a deal, Ligand’s prospects would be severely hampered. Ligand currently carries a Zacks Rank #5 (Strong Sell) and has a VGM Score of C. The Zacks Consensus Estimate for LGND’s 2022 earnings has moved south by 28 cents over the past 30 days to $2.99 a share, implying a 53.4% decline year over year. CoStar: Based in the United States, CoStar provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professional industries. The company expects 2022 adjusted EBITDA in the band of $565-$605 million, implying a year-over-year decline of 10% at the midpoint. CoStar currently carries a Zacks Rank #5 and has a VGM Score of D. The Zacks Consensus Estimate for CSGP’s 2022 earnings has moved south by 8 cents over the past 30 days to $1.01 a share, implying an 11.4% decline year over year. Blackbaud: Headquartered in Charleston, Blackbaud is a cloud software company working for social causes. The firm combines technology and expertise to help organizations achieve their missions. Stiff competition in the non-profit sector, macroeconomic weakness, a highly leveraged balance sheet and integration risks remain potential headwinds for BLKB. Blackbaud currently carries a Zacks Rank #4 (Sell) and has a VGM Score of D. The Zacks Consensus Estimate for BLKB’s 2022 earnings has moved south by 2 cents over the past 30 days to $2.72 a share, implying a 10.5% decline year over year. Las Vegas Sands: Based in Las Vegas, LVS is an international developer of multi-use integrated resorts, primarily operating in the United States and Asia. The company’s stretched balance sheet remains a major concern, especially amid the coronavirus crisis. As of Dec 31, 2021, Las Vegas Sands’ total debt and unrestricted cash balance amounted to $14.8 billion and $1.8 billion, respectively. LVS currently carries a Zacks Rank #4 and has a VGM Score of C. The Zacks Consensus Estimate for Las Vegas Sands’ 2022 EPS has been revised 79% downward over the past 90 days. The stock missed earnings estimates in two of the trailing four quarters for as many misses, with the average negative surprise being 26.3%. Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance. Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Las Vegas Sands Corp. (LVS): Free Stock Analysis Report Ligand Pharmaceuticals Incorporated (LGND): Free Stock Analysis Report Blackbaud, Inc. (BLKB): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-04-01,66.7,67.48,65.45,66.0,"Zacks.com featured highlights Ligand Pharmaceuticals, Las Vegas Sands, CoStar Group and Blackbaud For Immediate Release Chicago, IL – April 1, 2022 – Stocks in this week’s article are Ligand Pharmaceuticals LGND, Las Vegas Sands LVS, CoStar Group CSGP and Blackbaud Inc. BLKB. Don't Let These Toxic Stocks Disrupt Your Portfolio Distinguishing between overpriced and fairly priced stocks is the key to successful investing. But the task is not easy, as the correctly priced and overvalued stocks are mingled in a very deceptive way in the marketplace. Investors who can pinpoint the overhyped toxic stocks and discard them at the right time are the ones poised to benefit. Usually, toxic companies are vulnerable to external shocks. These companies are burdened with huge debts too. Also, the unjustifiably high price of the toxic stocks is short-lived as their current price exceeds their inherent value. Quite naturally, these stocks are bound to result in a loss for investors over time. Ligand Pharmaceuticals, Las Vegas Sands, CoStar Group and Blackbaud Inc. are a few such toxic stocks that you should dump to avoid portfolio bleeding. Higher price of the toxic stocks can be attributed to either an irrational exuberance associated with them or some serious fundamental lacuna. If you own such stocks for long, you are likely to see a big loss in your wealth. If you can, however, precisely spot the toxic stocks, you may gain by resorting to an investing strategy called short selling. This strategy allows you to sell a stock first and then buy it when the price falls. While short selling excels in bear markets, it typically loses money in bull markets. So, just like figuring out stocks with growth potential, identifying toxic stocks and discarding them at the right time is the key to shield your portfolio from big losses or make profits by short selling them. Here are our four of the 43 stocks that qualified the screening: Ligand: San Diego-based Ligand is a biotechnology company focused on the development and licensing of biopharmaceutical assets. Ligand's dependence on the Captisol program and Captisol-based partnerships is concerning. If any of the company's partners fail to receive regulatory approval or terminate a deal, Ligand's prospects would be severely hampered. Ligand currently carries a Zacks Rank #5 (Strong Sell) and has a VGM Score of C. The Zacks Consensus Estimate for LGND's 2022 earnings has moved south by 28 cents over the past 30 days to $2.99 a share, implying a 53.4% decline year over year. CoStar: Based in the United States, CoStar provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professional industries. The company expects 2022 adjusted EBITDA in the band of $565-$605 million, implying a year-over-year decline of 10% at the midpoint. CoStar currently carries a Zacks Rank #5 and has a VGM Score of D. The Zacks Consensus Estimate for CSGP's 2022 earnings has moved south by 8 cents over the past 30 days to $1.01 a share, implying an 11.4% decline year over year. Blackbaud: Headquartered in Charleston, Blackbaud is a cloud software company working for social causes. The firm combines technology and expertise to help organizations achieve their missions. Stiff competition in the non-profit sector, macroeconomic weakness, a highly leveraged balance sheet and integration risks remain potential headwinds for BLKB. Blackbaud currently carries a Zacks Rank #4 (Sell) and has a VGM Score of D. The Zacks Consensus Estimate for BLKB's 2022 earnings has moved south by 2 cents over the past 30 days to $2.72 a share, implying a 10.5% decline year over year. Las Vegas Sands: Based in Las Vegas, LVS is an international developer of multi-use integrated resorts, primarily operating in the United States and Asia. The company's stretched balance sheet remains a major concern, especially amid the coronavirus crisis. As of Dec 31, 2021, Las Vegas Sands' total debt and unrestricted cash balance amounted to $14.8 billion and $1.8 billion, respectively. LVS currently carries a Zacks Rank #4 and has a VGM Score of C. The Zacks Consensus Estimate for Las Vegas Sands' 2022 EPS has been revised 79% downward over the past 90 days. The stock missed earnings estimates in two of the trailing four quarters for as many misses, with the average negative surprise being 26.3%. Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/amp/stock/news/1890292/dont-let-these-toxic-stocks-disrupt-your-portfolio Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the ""#1 site for screening stocks"" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 ""Strong Buys"" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. Follow us on Twitter: https://www.twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Zacks.com Phone: 312-265-9268 Email: pr@zacks.com Visit: https://www.zacks.com/ Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks ""Terms and Conditions of Service"" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. Download FREE: How to Profit from Trillions on Spending for Infrastructure >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Las Vegas Sands Corp. (LVS): Free Stock Analysis Report Ligand Pharmaceuticals Incorporated (LGND): Free Stock Analysis Report Blackbaud, Inc. (BLKB): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-04-04,66.79,67.975,66.46,67.64,
CSGP,2022-04-05,67.9,68.39,66.85,66.98,
CSGP,2022-04-06,65.62,65.82,63.83,65.43,
CSGP,2022-04-07,65.37,66.38,63.53,64.57,
CSGP,2022-04-08,64.15,64.685,63.15,63.52,
CSGP,2022-04-11,63.3,64.24,62.25,63.63,
CSGP,2022-04-12,64.68,64.68,62.08,62.29,
CSGP,2022-04-13,62.55,63.7,61.81,63.5,
CSGP,2022-04-14,63.83,64.21,61.74,61.82,
CSGP,2022-04-18,61.81,61.81,60.27,61.07,
CSGP,2022-04-19,61.32,63.68,61.07,63.33,
CSGP,2022-04-20,63.62,63.85,62.76,63.33,
CSGP,2022-04-21,63.62,64.48,61.36,62.0,
CSGP,2022-04-22,62.27,62.63,60.93,61.2,
CSGP,2022-04-25,61.39,62.66,60.785,62.65,
CSGP,2022-04-26,62.27,62.62,59.89,59.99,"[""CoStar Group (CSGP) Tops Q1 Earnings and Revenue Estimates CoStar Group (CSGP) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.71%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.29 per share when it actually produced earnings of $0.35, delivering a surprise of 20.69%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $515.83 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 0.68%. This compares to year-ago revenues of $457.7 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on theearnings call CoStar shares have lost about 20.7% since the beginning of the year versus the S&P 500's decline of -9.9%. What's Next for CoStar? While CoStar has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CoStar: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.21 on $528.97 million in revenues for the coming quarter and $1.01 on $2.16 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Computer Task Group (CTG), is yet to report results for the quarter ended March 2022. This information technology staffing company is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Computer Task Group's revenues are expected to be $93.63 million, down 3.6% from the year-ago quarter. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the \u201cInternet of Money\u201d and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we\u2019re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks\u2019 has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Computer Task Group, Incorporated (CTG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, Inc. Q1 Profit Increases, beats estimates (RTTNews) - CoStar Group, Inc. (CSGP) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates. The company's bottom line totaled $89.32 million, or $0.23 per share. This compares with $74.21 million, or $0.19 per share, in last year's first quarter. Excluding items, CoStar Group, Inc. reported adjusted earnings of $122.94 million or $0.31 per share for the period. Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 12.7% to $515.83 million from $457.70 million last year. CoStar Group, Inc. earnings at a glance (GAAP) : -Earnings (Q1): $89.32 Mln. vs. $74.21 Mln. last year. -EPS (Q1): $0.23 vs. $0.19 last year. -Analyst Estimate: $0.27 -Revenue (Q1): $515.83 Mln vs. $457.70 Mln last year. -Guidance: Next quarter EPS guidance: $0.20 - $0.21 Next quarter revenue guidance: $529 - $534 Mln Full year EPS guidance: $0.98 - $1.03 Full year revenue guidance: $2.15 - $2.17 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, Inc. Reports Rise In Q1 Income, but misses estimates (RTTNews) - CoStar Group, Inc. (CSGP) reported earnings for its first quarter that increased from the same period last year but missed the Street estimates. The company's earnings came in at $89.3 million, or $0.23 per share. This compares with $74.2 million, or $0.19 per share, in last year's first quarter. Analysts on average had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 12.7% to $515.8 million from $457.7 million last year. CoStar Group, Inc. earnings at a glance (GAAP) : -Earnings (Q1): $89.3 Mln. vs. $74.2 Mln. last year. -EPS (Q1): $0.23 vs. $0.19 last year. -Analyst Estimate: $0.27 -Revenue (Q1): $515.8 Mln vs. $457.7 Mln last year. -Guidance: Next quarter EPS guidance: $0.20-$0.21 Next quarter revenue guidance: $529-$534 Mln Full year EPS guidance: $0.98-$1.03 Full year revenue guidance: $2.15-$2.17 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Implied QUS Analyst Target Price: $142 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR MSCI USA StrategicFactors ETF (Symbol: QUS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $142.49 per unit. With QUS trading at a recent price near $120.11 per unit, that means that analysts see 18.63% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of QUS's underlying holdings with notable upside to their analyst target prices are CoStar Group, Inc. (Symbol: CSGP), Alnylam Pharmaceuticals Inc (Symbol: ALNY), and PG&E Corp (Symbol: PCG). Although CSGP has traded at a recent price of $62.65/share, the average analyst target is 32.48% higher at $83.00/share. Similarly, ALNY has 32.21% upside from the recent share price of $162.07 if the average analyst target price of $214.28/share is reached, and analysts on average are expecting PCG to reach a target price of $15.58/share, which is 31.84% above the recent price of $11.82. Below is a twelve month price history chart comparing the stock performance of CSGP, ALNY, and PCG: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET SPDR MSCI USA StrategicFactors ETF QUS $120.11 $142.49 18.63% CoStar Group, Inc. CSGP $62.65 $83.00 32.48% Alnylam Pharmaceuticals Inc ALNY $162.07 $214.28 32.21% PG&E Corp PCG $11.82 $15.58 31.84% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-04-27,62.89,65.85,61.995,63.72,"[""Why CoStar Group Was Climbing Today What happened Shares of CoStar Group (NASDAQ: CSGP), the online marketplace for commercial real estate, were moving higher today after the listings platform posted better-than-expected results in its first-quarter earnings report. At 11:03 a.m. ET, the stock was up 7%. Image source: Getty Images. So what Overall revenue increased 13% to $516 million, beating estimates at $512.5 million. The company noted strength in Apartments.com, which saw a 36% sequential increase in sales, and net new bookings in the quarter jumped 31% year over year to $68 million. Bottom-line performance was also strong as adjusted EBITDA increased 17% to $178 million and adjusted earnings per share (EPS) was up 15% to $0.31, topping expectations of $0.27. CEO Andrew Florence said, \""We are off to an outstanding start in 2022 with our best sales quarter ever,\"" and added, \""Our flagship product, CoStar, delivered three record sales quarters in a row and is growing 15% year over year. Both revenue and profit in the first quarter of 2022 were ahead of forecast, and we are raising our guidance for the year.\"" CoStar is also gaining traction in the residential real estate space, as it saw unique visitors to its residential real estate sites more than double to 14 million. Now what CoStar raised its full-year revenue guidance slightly from $2.145 billion-$2.165 billion to $2.15 billion-$2.17 billion, or 11% growth from a year ago. For the current quarter, it called for revenue of $529 million-$534 million, representing 11% growth at the midpoint and ahead of the consensus at $529.9 million. On the bottom line, it now expects full-year EPS of $0.98-$1.03, up from a prior range of $0.95-$1.02. Overall, the results help buck fears of a crash in the real estate market, though CoStar stock is still priced at a premium, trading at a P/E above 60 based on this year's expected earnings. 10 stocks we like better than CoStar Group When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 7, 2022 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool owns and recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Financial Sector Update for 04/27/2022: CSGP, DX, CTO Financial stocks were trading higher in afternoon trading, with the NYSE Financial Index rising 0.8% while the SPDR Financial Select Sector ETF (XLF) was ahead 0.7%. The Philadelphia Housing Index was climbing 0.4% and the SPDR Real Estate Select Sector ETF (XLRE) was 0.6% higher. Bitcoin was 2% higher at $39,092, while the yield for 10-year US Treasuries was adding 1.2 basis points to 2.784%. In company news, CoStar Group (CSGP) added 6.3% after the commercial real estate listings and analytics company reported above-consensus Q1 results and also raised its FY22 earnings and revenue guidance. CTO Realty Growth (CTO) rose 3.2% after the real estate investment trust Wednesday announced plans for a 3-for-1 split of its common stock, with each shareholder of record on June 27 getting two additional shares for each share held. Dynex Capital (DX) increased 9.8% after Wednesday reporting Q1 results. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-04-28,64.55,65.76,63.13,65.46,
CSGP,2022-04-29,65.09,65.93,63.57,63.62,
CSGP,2022-05-02,63.72,64.57,62.81,64.42,
CSGP,2022-05-03,63.73,64.22,63.14,63.36,
CSGP,2022-05-04,63.3,64.66,61.215,64.6,
CSGP,2022-05-05,63.9,64.32,60.13,61.0,
CSGP,2022-05-06,61.08,61.08,58.375,59.11,
CSGP,2022-05-09,58.61,58.94,56.88,58.06,
CSGP,2022-05-10,60.0,60.0,55.73,56.97,
CSGP,2022-05-11,57.06,57.37,54.02,54.19,
CSGP,2022-05-12,53.8,56.4,53.505,55.58,"A Mixed Bag of Travel Trends Ready for a vacation? You're not the only one! In this podcast, Motley Fool analyst Deidre Woollard talks with Matt Argersinger, who leads investing on The Motley Fool's Mogul and Real Estate Winners services, about the state of hospitality, and the companies and real estate investment trusts (REITs) that stand to benefit from more travel. They also discuss: How resorts are recovering. The present obstacles for Airbnb (NASDAQ: ABNB). Why the outlook for business travel is a mixed bag. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. Find out why Airbnb, Inc. is one of the 10 best stocks to buy now Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed their ten top stock picks for investors to buy right now. Airbnb, Inc. is on the list -- but there are nine others you may be overlooking. Click here to get access to the full list! *Stock Advisor returns as of April 7, 2022 This video was recorded on May 7, 2022. Matt Argersinger: [MUSIC] While these hotel REITs and hospitality companies aren't necessarily trading for extreme valuations, they're still beaten down, a lot of them have, you know, they slashed their dividend a couple of years ago, have not brought that dividend back, and can be had for pretty reasonable valuations. Then you're talking about maybe having record results in the second half of this year, so maybe I'm burying the lead here, [laughs] but I do think maybe the overall theme of this conversation we're having is that there's probably opportunities for investors in the industry. Chris Hill: I'm Chris Hill, and that was Matt Argersinger, Lead Investor from Millionacres, The Motley Fool's real estate investing service. On today's show, we're diving into hospitality. Deidre Woollard talks with Matt about the travel trends that are surging back and the companies that may stand to benefit. They also discussed how resorts are recovering and why the future for business travel is a mixed bag. Deidre Woollard: I don't know about you, Matt, but it's feel like all my friends are going somewhere really exciting this year. What are you seeing? Matt Argersinger: Well, I am also going somewhere really exciting, Deidre. I am going to Europe, myself to do some hiking around Mont Blanc in Switzerland, Italy, and France. Yes, people are traveling including me, including your friends, and you're seeing it anecdotally. You're seeing it in the data though as well, and I think this is the result of us as Americans, but people around the world being cooped up really for the last couple of years, putting off so many things, putting off travel, putting off big family events, weddings, companies putting off travel. We finally are at a point, knock on wood, where we're probably past the worst of the pandemic, doesn't feel like we're going to get another big wave and a lot of the restrictions that we had in place has recently as a few months ago and a lot of places have been lifted. Masks are no longer required on airplanes, so that's made a lot of people more comfortable and so if you start looking into the data that we've been getting so far this year and I know you're going to present some data later in the show, but you're seeing really almost record hotel rates, record airfares, big year-over-year increases. But also amazingly prices that are now above 2019 levels, pre-pandemic levels, and to me, it's a demand story. Those COVID restrictions are gone, they've been removed, masks are optional. People are feeling more comfortable booking travel. I think the trend only strengthens as we get into the summer and it's really not just a domestic store either. I was listening to the conference call for Sun Communities, which is not really a travel company, but they are leading RV REIT. They do manufactured homes and RV, and they noted that a lot of RV parks are seeing big surges and travelers coming from Canada. I think we're also underestimating the potential international story here, as borders reopened. There's a lot of pent-up demand for foreign travelers to the US as well and that's going to boost a lot of the hotels and hospitality related businesses around the country. Deidre Woollard: I think that's a really good point. I've been studying the TSA throughputs numbers too and it's great to see them now consistently up, around, up and over two million. That was not happening for a long time during the pandemic, so people are absolutely flying through our airports. The other thing I'm really following is Airbnb versus hotels. There is this narrative where people are like, I'm an Airbnb person or I'm a hotel person. But I'm really noticing that people are both and our friend Matt Frankel talked about this recently about like if you're traveling, maybe with your spouse, you maybe are opting for the hotel experience. If you're traveling with family, maybe that's the time to do Airbnb. What do you think about the optionality and travel that we have today that we didn't use to have before Airbnb? Matt Argersinger: I love it. I mean I love what Airbnb has brought to the market because I think more consumer choice is always better. The fact that you know if you're traveling to a city or a particular destination, not only do you have just the hotels in the market to choose from, you potentially have dozens, if not hundreds, of listings on Airbnb or Vrbo, people who were just renting out rooms, houses that you can rent and book and have a really unique experiences you as travel. I view Airbnb, it's this really disruptive force because it's an entrance to the market. It gives consumers more choices in a way sometimes those choices are experiences can be superior to what's offered by the hotels in any particular market. Their experiences that you can have on Airbnb that you just can't get in a lot of places that a hotel can't replicate. But that said, I also think a lot about this Airbnb versus hotel, and I think most people will offer both. This thing you don't get with Airbnb is standards, and what I mean by that is when it comes to the quality of any particular listing, property, the quality of the service, which there really isn't much service their, amenities, it's really different from listening to listing from host-to-host. As more people resume travel especially the summer and especially families or business travelers, I don't think they're looking for surprises necessarily. I don't think they're looking for variability in what their experience is going to be. They're looking for standard qualities, standard amenities that really only hotels can offer at scale. I think Airbnb also has this hidden fee challenge. I'm not saying hotels don't have it, but it is really interesting and I know this is out there. It's buzzy, but your book it you'll see an Airbnb listings you really love. It's a 100 dollars a night and you're thinking, wow, that's a great deal especially compared to hotels in the city or the market where I'm booking. But all of a sudden you got a book that Airbnb and also that a 100 dollars becomes a 150 dollars or a 180 dollars because you have the cleaning fee, you've got the Airbnb fee, you've got any other assortment special fees that the host is charging you for God knows what, and all of a sudden, that a $100 a night is more than double. There are also some taxes in there that I'll talk about in a second. As a long-term host on the platform, I see problems with that, I see problems with customer service as well on Airbnb it's a major challenge. It often puts guests and hosts in a position to resolve issues themselves, which isn't always healthy. I think when most problems arises when someone's traveling, they'd rather deal with the management of hotel whose purpose and incentives to make things right rather than the person they might be in direct conflict with. Then cities. City regulations are also making it much more challenging and expensive to be a host and to actually be a guest as well. For example, where I live in Washington, DC where I've done Airbnb in the past several years ago, they started charging Airbnb travelers the hotel rate taxes for stays below 90 days. That's a 14 and a half percent tax rate, so imagine if you're a guest and you're booking a place in DC, you get the cleaning fee, you get the Airbnb fee, all of a sudden, you get this 14.5 percent hotel tax put on top of it. Makes it really expensive to travel, puts Airbnb much more in the level of hotels, and in cities around the country are continually enacting new regulations because they often view Airbnb as reducing the affordable housing stock. Most cities as we know are really struggling with affordable housing, so Airbnb is viewed as a threat because it's taking long-term rentals away from the market that are being used for short-term rentals. I'm very mixed on Airbnb, and on one side, I love the idea that there's more choice in the market. On the other side, I think there are a lot of problems with the business model and challenges that might not make it slam dunk business especially as we go on in the post COVID travel world. Deidre Woollard: Yeah, there's so much you've laid out there that I think is really interesting. On the cleaning fees I think the other side of that too is what is required from the guest when they leave so there is a wide variety of things that are required from just stripping the bed or something like that, to cleaning up at certain things maybe starting the laundry instead of just like stripping the bed. Very, very different than the hotel experience and a lot of those stores are, you mentioned being buzzy. A lot of those stores are bubbling up on Twitter. One of our own analysts, Bill Mann was talking about that his experience with Airbnb when he was in Omaha for the Berkshire meeting. This is really starting to become one of those public awareness issues for Airbnb. The other thing that I always think about with Airbnb is there's always that wildcard of these party houses, things like that. They've done a lot to get rid of that problem. But it keeps coming up in the press and I just think that is consistently a worry for them. Matt Argersinger: I agree, and yes, to Bill Mann's cleaning fee story. I'm sure it goes something like wait a second, I'm paying a 150 dollars and cleaning fee, but you expect me to not only strip the beds, but I'm supposed to clean the kitchen, sweep the floors, scrub the bathrooms so what am I actually paying for? [laughs] I've seen that a lot. It's certainly out there. It makes everybody, like I said, such a varied experience to people. As they travel this summer, I think a lot of people are going to look for more standardized experiences. Deidre Woollard: Which is great news for hotels. One of the things I watch is STR data that comes from CoStar, and they've recently put out their release of data through April 23rd. Occupancy, pretty strong. It's at about 65.8 percent down 4.2 percent from 2019 pre-pandemic. Really interesting stuff as average daily rate is up. You mentioned prices going up earlier. Average daily rate of $148.35 up 15.4 percent from 2019. RevPAR, which is revenue per available room, that's over $97. That's up 10.5 percent from 2019. It just seems the hotel business is really coming back and they're not having to offer the deals that they had to offer last year to get people to actually stay. Matt Argersinger: Then think about what you just said. The average daily rate revenue for available room up double-digits from 2019. That's incredible to me. Here we are, we're just in the early part of 2022, where we haven't even gone to really the heart of the hotel season spring and summer here, and yet, they're reporting numbers that are exceeding pre-pandemic levels. That's really impressive. Like you said, pricing power that they have in the market that they didn't have obviously in last two years with COVID. What you're seeing is hotels now are more profitable, they're generating more revenue, more EBITDA, and they don't even have to have the same occupancy that they had back pre-pandemic. Occupancy grow, it's rising, and it's fine, but it's still below 2019, yet there's still generating meaningful revenues and profits. Remember, these hotels are now just, like I said, they are entering that busy spring and summer period. COVID-19 is more and more in the rearview mirror. Whether that's actually true from a health standpoint, let's hope so, but we don't know. But a lot of people really have just moved on and started to make their travel plans. I think that really bodes well for hotel revenue going forward, and it wouldn't surprise me at all to see many hotel REITs and hospitality companies start lapping their 2019 pre-pandemic financials at some point during the second-half of the year. Deidre, as we talked about, a lot of these hotel REITs and hospitality companies aren't necessarily trading for extreme evaluations, they're still beaten down. A lot of them, they slashed their dividend a couple of years ago. Not brought that dividend back, and can be hard for pretty reasonable valuations, and then you're talking about maybe having record results in the second half of this year. Maybe I'm bearing the lead here, but I do think [laughs] maybe the overall theme of this conversation we're having is that there's probably opportunities for investors in the industry. Deidre Woollard: Yeah, let's talk a little bit about that because in the beginning, we saw the leisure travel bounce back and that was good for some of the rates we follow like a Ryman Hospitality Properties, they've got those larger resorts. But now, we're starting to see urban travel come back a little bit. People are going to Washington DC, they're going to Boston, they're going back to New York. That could be good news also for other types of hotel brands as well. Matt Argersinger: Absolutely. I think we spent the last couple years avoiding a lot of those places. But where do people want to travel generally? We talked a lot about people going to rural places. Of course, you're going camping. I know the RV business is booming over the last couple years, but I do think the major cities and major destinations of the country are going to see a huge pickup, a huge revival. Places like Washington, DC, where we live, always a tourist mecca. People are going to be coming back to them, they already are. But places like New York City, Boston, those places, Las Vegas, which really struggled early on in COVID, that's had a huge revival. Place like Opryland in Nashville or Miami Florida, or just the number of places that's owned by Vail Resorts. For example, what I love to see about Vail is you can't really build new mountains. Vail has some of the most unique hospitality assets on the planet. You got Vail, you got Breckenridge, you got Heavenly, they just made their first major international investment in a Swiss Alps resort. But these are all, I think, the premier places where people want to travel and they've been waiting to travel. And so I think those are the places that are probably going to benefit the most. Deidre Woollard: Well, I want to talk about Las Vegas a little bit because that has been such a comeback story and that is also the convention travel story in my opinion. It's a great place to figure out what's happening with conventions. I looked at some Las Vegas convention attendance, get this, up over 2000 percent from 2021, that's still down 40 percent or so from 2019. Hotel occupancy is still down a little bit, but people are going back to Vegas for conventions, and I think that's really interesting to see. I think we're going to see more of that. We had CES in January, not the usual crazy consumer electronics show that we usually have. But really conventions are starting to come back. Matt Argersinger: Absolutely, they're coming back. I think this is where your larger resort-style operators are really going to win. I think you'd look at Ryman Hospitality or VICI Properties. You mentioned Vegas, they pretty much own Vegas now, at this point after buying MGM Growth Properties. We talked about Vail already, but actually, I was seeing it's still Vermont a couple of months ago, which is a Vail resort, at their Spruce Peak Lodge there and it's a major hotel and they were actually hosting a big insurance company there for the week that we're there having some events. Yeah, I think the conferences are back, if you look at Ryman Hospitality and their Q1 results, they reported advanced group bookings that actually exceeded levels in 2019. Other words, more large groups or booking stays at Ryman's resorts than we're back in 2019, and that's really across their portfolio. But like you mentioned, like CES, I think the big convention, CES, E3, Comic-Con in San Diego, South by Southwest. They're always going to have a place, people like Tony Robbins or Grant Cardone are always going to need big convention rooms with hundreds of thousands of seats where they can convince people how change to your life. I mean, [laughs] those are out there. They're always going to be happening. At that side of the business, that's bouncing back, but I also think it's the smaller events as well. The events that happen everyday that of course are just a part of society which are weddings, family reunions, class reunions, or state regional sports tournaments. These have a place in the market as well, and they've also been delayed or canceled or put off for the last two years. Those are all coming back in a big way. It's not just about travel, it's about people getting together for large events or getting together for small events. Those events just haven't been able to happen. Need a space for those events, and resorts and hospitality hotels and other places are right for those. Deidre Woollard: The one spot that I worry about is business travel, not the big conventions, not even some corporate off-sites, but the people that used to travel and just go one-to-one meeting clients and things like that. That's their bread and butter hotel brands that really benefit from that. What do you think is going to happen there? Matt Argersinger: That's a tricky one, Deidre. I think business travel, as you just described it, where it's one to three colleagues going to visit a client or a supplier to negotiate a deal. It's going to come back to a certain extent, but it's so much of that now can be handled virtually. It's not really just Zoom, I think that's changed the game. You've got DocuSign, Adobe, the fact that legal contracts have become digital, and that's all contributed to the lesser need for traditional business travel. I think what does come back and it hints at what we were talking about previously, but the idea of company off sites that are a little more akin to. I know the convention event business, but I'm thinking more smaller group addings, collaboration meetings where groups from companies can have strategic planning sessions that go over several days, and getting people together in rooms in an offsite place can really add some benefits. I think that's going to come back in a way that could even be bigger than it was pre-pandemic because the office, as we've talked about the offices in this really precarious situation when it comes to most corporations. Most corporations have not decided really what their long-term office strategy is. I think we were convinced, and I think the data shows is that office is probably not going to come back. Traditional office is not coming back to where it was pre-pandemic. Certainly, companies are going to be leasing as much square foot as they had before, but there's still that need to get employees together now and then to foster the creativity and collaboration that can happen when there isn't an office. I think that's coming back and that could be even better. That's one other thing I think that could come back that also, it won't necessarily offset all of it that's lost from business travel, but I think that probably replaces a good chunk of it. Deidre Woollard: Yeah, I think that's interesting, and it's again, another vote for those larger properties that are more distinctive. It's very akin to what we've seen in the office space where Class A, really top tier properties still doing well. The stuff that's middle of the road, maybe not so much. I think that's middle of the road hospitality is placed that I think that's the place where the weakness is. Well, Matt, as we wrap up, what do you think people should be looking at to understand hospitality going forward as we go into summer and beyond. Matt Argersinger: As always, if you were an investor, I think follow the companies themselves, follow the hospitality companies, listen to their conference calls, review their investor presentations. Don't do a ton of work, but companies like Pebblebrook Hotel Trust, or Ryman Hospitality, they periodically put out detailed updates on their operating trends. Pretty easy to digest. I think if occupancy continues to trend higher and hotels can hold onto those record ADRs that we talked about, the average daily rates. The next few quarters are going to be really good for the industry. Maybe record profits. You'll see record revenues, profits, big increases to dividends. Companies like Pebblebrook, Ryman, Disney, we didn't talk about Disney. But Disney is a travel company as well, to a certain extent. They either drastically cut their dividends or slash them entirely when the pandemic struck. More than anything else, I think higher dividend payouts will signal renewed confidence on the part of hotel executives that the pandemic era is officially over. You can watch the stock prices of course, but I think watch those dividends come back. If they do that, I think management is saying, hey, our balance sheet is in good shape, businesses bounced back. We have a lot of confidence in the next few quarters and maybe the next year as to what the industry is going to do and how consumers are going to behave. We're going to increase our payout. That more than anything can be the sign that things are certainly back for the hospitality space. Deidre Woollard: Definitely, something to keep an eye on. Matt, we've talked about a lot of positives for the travel industry, but the thing that worries me a little bit is this whole discretionary spending. Inflation has gotten really high. We don't know how long that's going to last. People probably have their plans booked for the next couple of months. But is there a long-term concern we need to think about? Matt Argersinger: I think you could certainly see a situation where if high inflation persists, consumers might start pulling back. Gas prices are high, airfares are rising and as we talked about, the hotel rates are at the highest they've ever been certainly higher than they were in 2019. But I think the demand story is still the real story here. It's demand that's really here people who have been waiting to make big travel plans for over two years now. I think there's a little bit of misconception about the inflation and the impact that's going to have on consumer spending. There's this big clickbaity headlines. It will say something like, well, if your job didn't give you a six percent raise this year, then you've got to pay cut and you're poor, you are worse off. [laughs] That might be true to a small extent, but I think it doesn't exactly work that way. I think to use an example, what I like to say, this is going to be pretty simple. But imagine a household that takes $100000 a year. To keep things simple, let's say their expenses are 50,000. Let's say inflation got even worse. Let's say inflation was 10 percent, which would really be painful. That means their expenses have gone up 5,000. Now, instead of 50,000, their expenses are 55,000. But let's pretend that maybe they didn't get the 10 percent raise, but they've got a five percent raise. That seems reasonable, so well then that means their take-home pay went up by 5,000 as well. They're taking home 105,000. Their expenses are actually covered even though they didn't get the 10 percent raise because generally, people are making more than they're having to spend to maintain their standard of living. I know that's oversimplifying things, but I think inflation is not really the killer app for the economy and people spending. I think it's really demand. Demand is really what drives consumer spending behaviors. I think with the travel industry, we had such a two-year period where these people haven't been able to spend on travel, haven't been able to see loved ones, or hold events like weddings and other things. Now they finally can. I think that overwhelms the idea of, well, things are a little expensive, so I'm going to hold off even more [laughs] on traveling even though I've been waiting two years because things have gotten more expensive. I think those expenses are easy to justify when people have been waiting so long to do them. Deidre Woollard: Well, I think that the interesting thing about looking at inflation from the hospitality industry is that you've got the ability to raise rates very quickly. This is a type of real estate where you're not locked into long leases or anything like that because it's night by night but then it becomes a question of pricing power and really those distinctive experiences start to come into play because if you're going to be spending money for a hotel room and then you really want that experience level, you want to make it count. I think it does become a question of what are you paying for and is it worth the spend? Matt Argersinger: That's such a great point, Deidre. Hotels, you've got one-day leases, basically, with your tenants. You can adjust prices pretty quickly on the fly. But how can you maintain those prices into a point the companies and the resorts that have those destinations that people want to go to? The Ryman Hospitality, Vail Resorts, the Pebblebrooks with their resorts in Florida and California where people want to go and want to be, they're willing to pay a premium for that. I feel like those companies can maintain their pricing power. Your traditional hospitality hotel REIT that owns maybe your average mid-scale hotel outside of cities, probably not going to have as much pricing power as those with the destinations and the leisure focus that I think is really leading this revival that we're seeing so far in 2002. We'll probably be able to maintain its pricing power for the remainder of the year. Deidre Woollard: Thank you so much. Matt Argersinger: Thank you, Deidre. [MUSIC] Chris Hill: As always, people on the program may have interest in the stocks they talk about, and The Motley Fool may have formal recommendations for or against, so don't buy or sell stocks based solely on what you hear. I'm Chris Hill, thanks for listening. We'll see you tomorrow. Chris Hill has positions in Adobe Inc., Airbnb, Inc., DocuSign, and Walt Disney. Deidre Woollard has positions in Adobe Inc., CoStar Group, and Walt Disney. Matthew Argersinger has positions in Airbnb, Inc., CoStar Group, DocuSign, Pebblebrook Hotel Trust, Ryman Hospitality Properties, VICI Properties Inc., Vail Resorts, and Walt Disney and has the following options: short June 2022 $140 puts on Walt Disney. The Motley Fool has positions in and recommends Adobe Inc., Airbnb, Inc., CoStar Group, DocuSign, and Walt Disney. The Motley Fool recommends Pebblebrook Hotel Trust, Ryman Hospitality Properties, VICI Properties Inc., and Vail Resorts and recommends the following options: long January 2024 $145 calls on Walt Disney, long January 2024 $420 calls on Adobe Inc., long January 2024 $60 calls on DocuSign, short January 2024 $155 calls on Walt Disney, and short January 2024 $430 calls on Adobe Inc. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-05-13,56.41,58.67,56.41,58.19,
CSGP,2022-05-16,57.81,58.18,56.03,56.98,
CSGP,2022-05-17,58.11,58.12,56.43,58.08,"3 Soaring Stocks That Can Make You Richer Tech stocks are what often come to mind when investors think of innovative stocks, but countless stocks are making waves in alternative industries. Real estate stocks and real estate investment trusts (REITs) Independence Realty Trust (NYSE: IRT), Digital Realty Trust (NYSE: DLR), and CoStar Group (NASDAQ: CSGP) are three standout stocks in their respective niches. Here's a closer look at why these companies should be on your radar. Image source: Getty Images. Independence Realty Trust Independence Realty Trust is a multifamily REIT that owns and leases apartments across the Sun Belt and the Midwest United States -- hardly a novel business model. What sets it apart when compared to much of the larger Sun Belt-focused REITs is that the company owns slightly older, Class B apartments in secondary suburban markets. Its properties mostly serve middle-income earners in popular cities surrounding major markets like Atlanta, Dallas Ft. Worth, and Denver. Its focuses on less dense urban markets and smaller, often-overlooked markets -- like Louisville, Kentucky; Memphis, Tennessee; Indianapolis; and Oklahoma City -- give it better pricing for its properties without compromising demand. Most investors hadn't heard of Independence Realty Trust until 2021, when the company merged with Steadfast Apartment REIT, which more than doubled its portfolio and gave it notably more exposure to the fast-growing Sun Belt market. Today, around 70% of its net operating income (NOI) is derived from the Sun Belt, and despite market volatility, IRT has provided a 46% return on investment over the past year, making it a popular stock for investors looking for growth. Digital Realty Trust The data center industry is becoming an increasingly competitive space as more and more data center operators are taken private. Of the previously five data center REITs, three were acquired in late 2021 and early 2022, and now, data center operator Switch has agreed to be bought out, leaving just two data center REITs remaining for investors to choose from -- Equinix and Digital Realty Trust. Digital Realty Trust is the smaller of the two REITs but remains among the world's largest operators of data center facilities, owning 290 facilities across six continents. Its performance in Q1 2022 showed positive momentum, with record bookings and slight growth in its revenues and funds from operations (FFO), a metric of profitability for REITs, despite headwinds relating to inflation and supply chain issues. Recently, volatility has pushed share prices down 10% over the past year, meaning it's currently trading at a very reasonable 20 times its projected FFO for 2022. It has 17 consecutive years of dividend increases and a dividend return of 3.6% today. The need to store and aggregate digital data isn't slowing, and owning shares in one of the largest data center operators is definitely a way to capitalize on this high-growth industry. Costar Group CoStar Group is the leader in commercial real estate technologies, having a suite of research, platforms, and databases in the real estate industry under its management. Its brands, including LoopNet, Ten-X, Apartments.com, Homesnap.com, and several others, draw in tens of millions of users per month and generated the company an incredible $516 million in revenue in the first quarter of 2022. Expanding its presence in the European markets and growing its recently acquired residential platforms should help it continue to deliver record-beating quarters. Future acquisitions are likely as the company is extremely well funded, having $3.9 billion in cash. Its better-than-expected performance has prompted it to raise its forecasts for 2022 performance and recover some of the losses its share prices have suffered recently. Concerns over a real estate market correction and general market volatility have pushed share prices down 29%. Although still on the richly valued side, with a price-to-earnings ratio of 73 times, its recent decline in share price is making it a more reasonable investment for new investors. 10 stocks we like better than Independence Realty Trust, Inc. When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Independence Realty Trust, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 7, 2022 Liz Brumer-Smith has positions in Digital Realty Trust, Equinix, Independence Realty Trust, Inc., and Switch. The Motley Fool has positions in and recommends CoStar Group, Digital Realty Trust, Equinix, Independence Realty Trust, Inc., and Switch. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-05-18,56.91,58.04,55.11,55.39,
CSGP,2022-05-19,55.39,57.69,55.12,56.81,
CSGP,2022-05-20,57.85,57.96,55.4,57.16,
CSGP,2022-05-23,57.5,57.92,55.68,57.83,
CSGP,2022-05-24,57.19,57.74,55.61,57.45,
CSGP,2022-05-25,57.5,59.39,57.27,58.9,
CSGP,2022-05-26,59.03,59.82,58.45,59.37,
CSGP,2022-05-27,59.72,61.54,59.28,61.5,"Analysts Expect USLB To Hit $45 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco Russell 1000 Low Beta Equal Weight ETF (Symbol: USLB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $45.45 per unit. With USLB trading at a recent price near $38.11 per unit, that means that analysts see 19.27% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of USLB's underlying holdings with notable upside to their analyst target prices are Spectrum Brands Holdings Inc (Symbol: SPB), CoStar Group, Inc. (Symbol: CSGP), and Carter's Inc (Symbol: CRI). Although SPB has traded at a recent price of $89.18/share, the average analyst target is 31.64% higher at $117.40/share. Similarly, CSGP has 27.53% upside from the recent share price of $59.37 if the average analyst target price of $75.71/share is reached, and analysts on average are expecting CRI to reach a target price of $99.00/share, which is 27.02% above the recent price of $77.94. Below is a twelve month price history chart comparing the stock performance of SPB, CSGP, and CRI: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET Invesco Russell 1000 Low Beta Equal Weight ETF USLB $38.11 $45.45 19.27% Spectrum Brands Holdings Inc SPB $89.18 $117.40 31.64% CoStar Group, Inc. CSGP $59.37 $75.71 27.53% Carter's Inc CRI $77.94 $99.00 27.02% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-05-31,60.96,61.81,60.42,60.94,
CSGP,2022-06-01,61.24,62.13,60.09,61.23,
CSGP,2022-06-02,61.18,64.0,61.07,63.99,
CSGP,2022-06-03,62.92,63.63,62.14,62.52,
CSGP,2022-06-06,62.32,62.81,60.885,61.13,
CSGP,2022-06-07,60.78,62.05,60.64,61.96,
CSGP,2022-06-08,61.42,62.275,60.68,61.25,
CSGP,2022-06-09,61.16,61.44,59.67,59.69,
CSGP,2022-06-10,58.77,59.125,57.9004,58.59,"7 Nasdaq Stocks to Buy for Double-Digit Gains InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nasdaq stocks have taken a severe beating in 2022. Interest rate hikes have pushed investors toward the safety of blue chip stocks, squeezing their lofty valuations to more reasonable levels. As we write, the Nasdaq 100 index was in bear-market territory, about 22% year-to-date (YTD). However, lower sky-high valuations now mean more attractive buying opportunities for investors with a long-term mindset. While some analysts expect a summer rally, others predict a stock market “melt-up,” or a short period of irrational buying that precedes a significant collapse, ending the bull market. Therefore, amid all the doom and gloom talk on the Street, investing in Nasdaq stocks requires investors to sift through this noise and focus on the fundamentals. Investors who can navigate the current volatility on the Street are primed to find great bargains in this bear market. With that information, here are seven Nasdaq stocks to buy that could generate double-digit gains for investors in 2022. Ticker Company Price AVGO Broadcom $545.45 CSGP CoStar Group $58.70 COST Costco $465.81 ENPH Enphase Energy $197.56 PEP PepsiCo $163.22 TTD TradeDesk $49.45 ULTA Ulta Beauty $411.18 Nasdaq Stocks: Broadcom (AVGO) Source: Sasima / Shutterstock.com Broadcom (NASDAQ:AVGO) is the fourth-largest chipmaker stock in the world by market capitalization (cap). It produces a wide range of semiconductor and infrastructure software solutions. Bulk of revenues come from wireless chips used in high-end smartphones. The semiconductor giant released Q2 results on May 26. Revenue increased 23% year-over-year (YOY) to $8.1 billion. Non-GAAP diluted (adjusted) earnings per share (EPS) came in at $9.07, up from $6.62 in the prior-year quarter. 7 of the Hottest ETFs to Buy Right Now Cash and equivalents ended the quarter at $9 billion. Broadcom also ended 2021 with a record backlog of $14.9 billion, suggesting highly reliable cash flow. In May, the company announced the acquisition of VMware (NYSE:VMW) for $61 billion. VMware boasts steadily growing cloud management and infrastructure solutions that could enhance Broadcom’s business. Investors are excited about how this transaction could help both the top and bottom lines. AVGO stock has declined more than 15% YTD. It currently generates a generous 2.9% yield. Shares are trading at 16.2 times forward earnings and 8.6 times sales. The 12-month median price forecast for AVGO stock stands at $700. CoStar Group (CSGP) Source: Casimiro PT / Shutterstock.com CoStar Group (NASDAQ:CSGP) offers an online marketplace for commercial real estate with detailed analytical information on roughly 5 million commercial real estate properties. Its brands include CoStar Suite, Apartments.com, LoopNet and BizBuySell. The real estate platform announced Q1 metrics on Apr. 26. Revenue increased 13% YOY to $516 million. Adjusted EPS came in at 31 cents, up 15% from 27 cents in the prior-year quarter. Cash and equivalents ended the quarter at $3.9 billion. Wall Street noted that it was the best sales quarter for the company. Net new bookings increased 31% YOY to $68 million. Apartments.com saw a 36% sequential increase in sales, while the CoStar Suite grew 15% YOY. The company anticipates 11% YOY revenue growth for the current quarter. Management also projects full-year revenue to reach $2.15 billion to $2.17 billion. So far in 2022, CSGP stock has lost close to a fourth of its value. Yet, it still has a premium valuation at 55.9 times forward earnings and 11.3 times sales. Therefore, further short-term volatility is still possible in CSGP shares. 12-month median price forecast for CoStar Group stock is at $76. Nasdaq Stocks: Costco Wholesale (COST) Source: Helen89 / Shutterstock.com Costco Wholesale (NASDAQ:COST) operates the second-biggest warehouse club retail chain in the U.S., boasting 830 membership warehouses worldwide. Its value proposition relies on bulk-size products at affordable prices. The warehouse club chain announced Q3 results on May 26. Revenue increased 16% YOY to $51.6 billion. Despite cost pressures, diluted earnings per share went up to $3.04, up from $2.75 in the same quarter last year. Cash and equivalents ended the quarter at $11.2 billion. 7 High-Yielding Monthly Dividend Stocks to Buy in June Analysts noted that 28% of sales growth came from the rising price of gasoline. Comparable-store sales accounted for 14.9% of the revenue growth. The warehouse club boasts a loyal customer base, having grown its membership households 6% YOY to 64.4 million. In fact, membership renewal rates stand at an impressive 90% rate worldwide. Due to inflationary pressures, members will likely continue to choose Costco over other stores. So far in 2022, COST stock has fallen 17%. Shares are trading at almost 30 times forward earnings and 0.9 times sales. The 12-month median price forecast for Costco stock stands at $555. Enphase Energy (ENPH) Source: IgorGolovniov / Shutterstock.com Energy technology giant Enphase Energy (NASDAQ:ENPH) provides home energy management solutions. Its micro-inverter technology offers solar generation and storage services over a single platform. InvestorPlace.com readers are likely to know that “a micro-inverter is a small version of an inverter, converting DC to AC power from an individual panel.” The renewable energy company issued Q1 results on April 26. Revenue increased 46% YOY to a record of $$441.3 million. Adjusted earnings came in at 79 cents per diluted share, up from 56 cents in the prior-year quarter. Cash and equivalents ended the quarter at $1.1 billion. Unit shipments of its micro-inverter systems grew by 16% YOY. Meanwhile, energy storage systems soared 187% YOY to the current capacity of 120.4 megawatt-hours. In addition, Enphase reported a robust 40% gross margin, one of the highest among its peers. Management currently anticipates revenue to increase at least 55% YOY in the current quarter. So far in 2022, ENPH stock has returned more than 12%. However, valuation levels still look stretched, with the stock trading at 48.3 times forward earnings and 15.8 times sales. The 12-month median price forecast for Enphase stands at $228. Nasdaq Stocks: PepsiCo (PEP) Source: suriyachan / Shutterstock.com PepsiCo (NASDAQ:PEP) is the name in global savory snacks and the second-largest carbonated soft drink manufacturer. Its global brands like Pepsi, Lay’s and Gatorade are usually consumed at home, making the company remarkably resilient during economic downturns. The food giant announced Q1 results on April 26. PepsiCo generated $16.2 billion in net revenue, up 9.3% YOY. It also recorded $1.29 in core EPS during the quarter, representing a 7% YOY increase in constant currency. Cash and equivalents ended the quarter at $6.7 billion. 7 Top-Rated Large-Cap Stocks to Buy and Hold Despite ongoing price hikes, sales volume grew 3% in its convenient foods and 6% in its beverages segments. Furthermore, management raised the fiscal year 2022 guidance for revenue growth to 8%. PepsiCo is set to become a Dividend King at the end of June, while the stock currently generates a 2.78% dividend yield. PEP shares have declined around 4% YTD. The stock is trading at 24.5 times forward earnings and 2.8 times sales. The 12-month median price forecast for PepsiCo stock is at $187. Trade Desk (TTD) Source: Tada Images / Shutterstock.com Trade Desk (NASDAQ:TTD) is a leading name in the targeted advertising space for digital ads. Its cloud-based platform allows ad buyers to purchase space on websites, podcasts, or connected TV. Moreover, its demand-side platform allows customers to manage their data-driven digital advertising campaigns. The ad specialist released Q1 metrics on May 10. Revenue increased 43% YOY to $315 million. Adjusted earnings came in at 21 cents per share, up from 14 cents in the prior-year quarter. Cash and equivalents ended the period at $844 million. Customer retention remained over 95% during the quarter. In addition, the company is set to launch Unified ID 2.0, an open source ID framework. Analysts expect it to enhance consumer privacy and transparency. So far in 2022, TTD stock has plunged 42%. Yet, shares still don’t necessarily look cheap at 54 times forward earnings and 19.5 times sales. Therefore, we could see more short-term choppiness in Trade Desk stock. The 12-month median price forecast for TTD stock stands at $80. Nasdaq Stocks: Ulta Beauty (ULTA) Source: Jonathan Weiss / Shutterstock.com Ulta Beauty (NASDAQ:ULTA) is the largest specialized beauty retailer stateside. It offers makeup, fragrances, skincare, hair care products, plus bath and body items. The beauty store chain announced Q1 figures on May 26. For the quarter ended on Apr. 30, revenue jumped 21% YOY to $2.35 billion. Diluted EPS soared 54% to $6.30, compared to $4.10 a year ago. Cash and equivalents ended the quarter at $654.5 million. 7 Cheap Growth Stocks That Won’t Stay That Way for Long Coined as “the Lipstick Effect,” beauty brands may perform better than anticipated during economic downturns. Indeed, Ulta’s Q1 in-store traffic jumped 10%, driving an 18% increase in comparable sales. Moreover, Ulta’s partnership with Target (NYSE:TGT) helped boost top-line growth. Following the installation of its mini stores at 100 Target locations, the company anticipates adding more than 250 more stores in 2022. ULTA stock is trading flat for the year. Shares look fairly valued at 18.9 times forward earnings and 2.2 times sales. The 12-month median price forecast for Ulta beauty stock is at $475. On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. The post 7 Nasdaq Stocks to Buy for Double-Digit Gains appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-06-13,56.87,57.94,55.58,55.82,
CSGP,2022-06-14,55.93,56.33,54.61,55.17,
CSGP,2022-06-15,56.08,57.34,55.07,56.35,
CSGP,2022-06-16,55.16,55.255,54.02,55.16,
CSGP,2022-06-17,55.41,56.92,55.04,56.06,
CSGP,2022-06-21,57.04,57.18,55.97,56.07,
CSGP,2022-06-22,55.72,58.28,55.5,57.82,"Ron Baron: A Fund Legend Shares Stock-Picking Secrets Ron Baron is chairman, CEO and portfolio manager at Baron Capital, the investment firm he founded in 1982. Read on as we ask the master of Baron Funds about what he looks for in growth companies, what he emphasizes to his portfolio managers and analysts and the stocks he likes now. You're a master of growth investing, which involves finding companies with prospects for faster-than-average profit growth, among other measures. What do you look for? Everyone can understand what a growth company is. What is hard for most people is being able to understand competitive advantage – the most important thing. That's something you can't figure out with an algorithm. You need to understand a business, how it operates and what makes it difficult for others to compete. It may have a license, patents or a head start in technology. SEE MORE The 15 Best Stocks to Buy for the Rest of 2022 For example, Tesla's (TSLA) competitive advantage is in its culture of rapid innovation. Tesla has a 10-year lead making batteries and electric cars; it has revolutionized an entire industry. We make investments on the basis of what we think a business will be worth in five or 10 years as opposed to what it's worth right now. Our goal has been to double our money about every five or six years. We have been able to accomplish that by investing for the long term in businesses that we believe are competitively advantaged and managed by exceptional people. We worry about businesses, not about stocks and stock markets. What do you emphasize to your portfolio managers and analysts? I tell them two things are critical. Number one is competitive advantage. Number two is management, the people who run the businesses. Those executives must be talented, really smart, great leaders, hardworking, inspirational and possess vision. You judge that by meeting people. That's table stakes, getting into the game. The other thing – which is probably more important than anything else – is whether you can trust the individuals. That judgment requires experience. One of the questions I ask our analysts is, ""If your family's well-being was completely dependent upon the success of the business in which you are recommending we invest, what would you need to know to make such an investment? Question everything."" SEE MORE 15 Stock Picks That Billionaires Love Why did you become such a long-term investor? When I began my career as a young analyst for brokerage firms in 1970, I recommended growth companies like Disney (DIS), McDonald's (MCD), Federal Express (FDX) and Nike (NKE) to institutional clients of those brokerage firms. After those stocks quickly doubled or tripled, I recommended selling. My compensation was based on commissions, not on the long-term success of businesses I recommended. When I looked back on all those 1970s sell recommendations, virtually all of the stocks were dramatically higher. I then concluded that what was important in becoming a successful investor was being able to buy and hold great growth companies for the long term. We started Baron Capital in 1982 to do just that. We then believed, and still do, that most fund managers and analysts can't invest and recommend for the long term because they are under pressure to perform every day. We have been able to become long-term investors because, for 40 years, we have established an exceptional track record. Performance of very few others has exceeded benchmark returns, but 98.5% of Baron's assets have beaten stock-market returns over the long term, often by several percentage points annually. What stocks do you like now? We like Hyatt Hotels (H, $92). [Prices are as of June 3.] It has made terrific deals to manage all-inclusive resorts while selling real estate to reduce its fixed assets. Vail Resorts (MTN, $257) is becoming a subscription business, with most revenues coming from season-pass sales in advance of ski season. Real estate company CoStar Group (CSGP, $63) is investing in digital residential real estate services. MSCI (MSCI, $438) is a unique index provider with strength in environmental, social and governance risk metrics. And Space Exploration Technologies has an amazing opportunity to launch enough satellites to provide worldwide internet access. SpaceX is private, but it is a major holding of the Baron Partners (BPTRX) and Baron Focused Growth (BFGIX) funds. SEE MORE The Pros' 10 Best S&P 500 Stocks to Buy Now Do you ever hold on to stocks that underperform for a few years? Yes. That is often the case. Tesla is one example. We invested $380 million in Tesla from 2014 to 2016. Although we believed we could earn 20 times our money over 10 years, we regarded it as a risky investment at the time, so we invested less than 2% of our firm's assets in the stock. We considered it risky because manufacturing cars is a highly regulated, capital-intensive business, and few thought Elon Musk's electric car business would be successful, especially because financially powerful car companies and their dealers and unions, oil companies, hedge funds, and politicians were aligned against this business. During the following five or six years, Tesla's sales increased tenfold. Its share price, however, although extremely volatile, changed little over most of that period. We were right, and Tesla's sales have continued to increase dramatically. From 2019 to 2021, Tesla's share price increased about 20 times, and we have earned about $7 billion on our initial investment. We expect to make at least three to five times our money again over the next 10 years. When and why do you sell stocks? We sell principally for three reasons. First, if an investment becomes very successful and, as a result, represents too large a percentage of diversified portfolios, we gradually reduce holdings. SEE MORE 20 Stocks Billionaires Are Selling We have sold about $1 billion of Tesla shares, about 15% of our investment in that company. Second, the return that we require – our ""hurdle rate"" – in most instances is a potential double in five or six years. We believe that most of the time we can accomplish that return by investing in businesses that can increase profits, cash flow and other drivers of value by 15% per year. If a company's growth rate slows to 7% to 8% per year as it matures, it becomes a candidate for sale. Finally, if we determine we have made a mistake, we sell as quickly as humanly possible. Do you spend any time looking at interest rates, forecasts for gross domestic product and other macroeconomic indicators? Macro judgments are not an important part of our process. I can't predict when there's going to be a recession, and I believe neither can anyone else. I can't predict when the market's going to go up and neither can anyone else. I've been doing this for 52 years, and in that entire period I've never seen anyone consistently and accurately predict what the economy or stock market is going to do. No one. Not Warren Buffett. Not Elon Musk. Not my friend [former Fidelity mutual fund manager] Peter Lynch. Certainly not me. Most investors try to predict what I believe you can't predict – interest rates, oil prices, wars, election outcomes. One thing we are certain about is inflation. Inflation is a big deal and always has been. During my 52-year career and 79-year lifetime, inflation has averaged about 4% or 5% per year, according to my analysis of my personal cost of living. This means that the value of your money falls in half about every 14 or 15 years. We invest in growth stocks to hedge against the decline in the purchasing power of our money and to participate in the growth of our country's economy. Inflation will be higher sometimes, lower sometimes, but it's always going to be there. SEE MORE The 10 Best Stocks for a Bear Market The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-06-23,58.26,59.435,57.64,59.38,"CoStar Group (CSGP) Launches New Approach to Listing Apartments CoStar Group CSGP owned Apartments.Com recently announced the launch of Listing of the Future, a new approach to listing apartments. Listing of the future is a unique initiative by Apartments.Com that addresses the prevalent issues in the industry currently. Presently renters searching for properties have access to only building-wide information and photos. The majority of listings show photos and floor plans only for sample units and not the exact unit that the renter is considering. With the launch of Listing of the Future, Apartments.Com becomes the first online rental network to offer customers the option of presenting unit-specific information for every single unit in the community, including photos of floor plans, walkthrough videos and 3d tours and more. CoStar Group, Inc. Price and Consensus CoStar Group, Inc. price-consensus-chart | CoStar Group, Inc. Quote CoStar Group’s New Approach to Aid Drive Market Share Apartments.Com has developed the new approach after analyzing the current consumer demand through a survey of 45,000 renters, out of which 94% want unit-specific floor plans and availability, while 82% want specific information about the location of units in a building and 63% are interested in the unit’s view. Listing of the Future provides all of this information while eliminating time-consuming conversations between prospective renters and property managers. This leads to higher quality leads for each listing. This separates Apartments.Com services from its competitors and aids it in winning market share in the online network market space. However, rising inflation and the recent Fed rate hikes can hinder the company’s plans to implement the new approach as demand for property renting might decline amid current market volatility. The Federal Reserve has recently raised interest rates — the highest since 1994 — to counter the rising inflation without sending the economy into recession. However, the recent move may push up rent, a major component of consumer price increases. The hike in interest rates has increased mortgage rates, and there is also a huge risk of mortgage default, which might cripple the economy. As a result of rising mortgage prices, which are now in many cases higher than rents on the same homes, consumers are financially forced out of home ownership. As a result, many people have preferred renting rather than buying a house, which in turn is driving the prices of rent. Rising inflation is currently forcing the underbuilding of new properties relative to demand in the United States. The elevated mortgage rates are discouraging homebuilders from starting new projects, which will lead to a reduction in number of properties people can actually rent. However, Apartments.Com is positive about the company’s revenue growth despite the current volatility. The company is experiencing more and more traffic from renters on its online platform while the same is decreasing for several of its competitors. In the online renting space, the chief competitors include the likes of Zillow Group, Inc. ZG, Redfin Corporation RDFN and AppFolio, Inc. APPF. Due to tighter market conditions, the advertisement budgets of competitor companies are decreasing, which is resulting in declining brand awareness. Apartments.Com is capitalizing on this situation by increasing its advertisements and brand promotions on various social media platforms like Tiktok, Instagram, Snapchat, YouTube and Facebook. As a result, brand awareness about Apartments.Com has been increasing among customers. Along with this, better pricing power amid market volatility and growing sales would help the company generate double-digit revenue growth in the second half of the year. This is evident from its stock price performance compared with its competitors. Zillow Group shares have fallen 49.1% year-to-date (YTD) compared with the Zacks Internet Services industry’s decline of 25.1%. Redfin Coproration’s shares have tumbled 78.3% YTD compared with the Zacks Real Estate Operations industry’s decline of 32.6%. AppFolio shares have slumped 22.9% YTD compared with the Zacks Internet-Software industry’s decline of 53.3%. CoStar Group stock, which currently carries Zacks Rank# 3 (Hold), has fallen 26.8% YTD compared with the Zacks Computer-IT Services industry decline of 31.5%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Zacks' Top Picks to Cash in on Electric Vehicles Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors See 5 EV Stocks With Extreme Upside Potential >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report AppFolio, Inc. (APPF): Free Stock Analysis Report Zillow Group, Inc. (ZG): Free Stock Analysis Report Redfin Corporation (RDFN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-06-24,60.0,63.19,59.595,62.85,
CSGP,2022-06-27,62.85,62.85,61.43,61.68,"CoStar (CSGP) Soars 5.8%: Is Further Upside Left in the Stock? CoStar Group (CSGP) shares rallied 5.8% in the last trading session to close at $62.85. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0% gain over the past four weeks. The recent surge in the company’s share price comes right after CoStar Group owned Apartments.Com launched Listing of the Future which is a new approach to listing apartments. The company is heavily investing in its advertisments and brand promotions even amidst rising inflation which is increasing traffic from renters on its online platform compared to its competitors. This will positively drive top line growth and further impact shareholders wealth positively. This commercial real estate information and marketing provider is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of -19.2%. Revenues are expected to be $532 million, up 10.8% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For CoStar, the consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on CSGP going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> CoStar is a member of the Zacks Computers - IT Services industry. One other stock in the same industry, Upstart Holdings, Inc. (UPST), finished the last trading session 5.7% higher at $40.95. UPST has returned -10.1% over the past month. For Upstart Holdings, Inc., the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.28. This represents a change of -54.8% from what the company reported a year ago. Upstart Holdings, Inc. currently has a Zacks Rank of #3 (Hold). Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Upstart Holdings, Inc. (UPST): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-06-28,61.5,62.0725,60.155,60.34,
CSGP,2022-06-29,60.44,60.77,58.82,60.21,"What to Do With Office Space in This COVID World There is a lot of unused space in office buildings, city centers, and shopping malls. We also need a lot of space for multifamily housing, data centers, and warehouses. Is there opportunity here for investors? In this podcast, Motley Fool analysts Deidre Woollard and Matt Argersinger discuss: The complexities in transforming an office building into apartments. Commercial real estate trends catching their attention. Ideas for investors who like dividends. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. 10 stocks we like better than Walmart When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks Stock Advisor returns as of 2/14/21 This video was recorded on June 18, 2022. Matt Argersinger: The idea that you can take an office space maybe in the suburbs, that isn't going to be really appealing in this post-pandemic world, but can I turn part of it into maybe a warehouse space, a data center, industrial light manufacturing space, maybe to do some prototyping, to do some R&D, and then build an office component that's attached to it, I think that's really appealing. Chris Hill: I'm Chris Hill and that's Matt Argersinger, head of the Motley Fool's Real Estate investing services. We're taking a closer look at space and how it's transforming. Shopping malls, skyscrapers and suburban office parks were rocked by COVID. Maybe they can help fill the need for data centers, multi-family housing and warehouses. Today, Deidre Woollard and Matt Argersinger discuss commercial real estate trends to watch. Why it's not that easy to transform an office building into an apartment building, and a few ideas for investors who like dividends. Deidre Woollard: There are so many question marks about the future of central business district and about suburbs. I want to talk to you because you recently went through a journey as an investor. You were part of a large plant office conversion in Atlanta, in a central business district, and it didn't quite go as planned. Let's talk about it. Matt Argersinger: Deidre, I'm going to take you back to the summer of 2019, and I know in COVID years that seems like ancient history. [laughs] All the way back to the summer of 2019, I'm in Atlanta with Greg Martz, who at the time was the head of operations for our Millionacres service, and we were looking at a beautiful mid-century office building in Atlanta. A developer was going to come in and redevelop that building into a newer Class A boutique business office space. The plans were great. They had already ordered the tall windows that were to replace all these old windows and redo the whole facade of that building and all the internal parts of the building, and it looks fantastic. At the time Atlanta was really seeing a lot of growth in population, employment, and office space was getting absorbed pretty quickly, and there was a real need for the versatile boutique office space in that part of Atlanta. That was 2019. Everything's great. We invested in that project via our Mogul service. Of course, when COVID hits in early 2020, those plans get forward a little bit. Knowledge of construction, prices go up, the demand side for office really gets hurt, in the sense that already by that time, 100 Edgewood, which was the name of the building, was already going to be pre-leasing. Seeing all this demand, that demand completely evaporated by the summer of 2020, and here we were with an office building that was being converted, but probably wasn't going to have any tenants. It just became this really fragile situation for our investors. We're really worried about what the outcome was going to be. We're looking at big losses. Fortunately, the developers at the time, were able to strike a deal all the way not going to January 2022, with a company that was going to come in, acquire the building and turn it into apartments, which are right now in downtown Atlanta, those are much more demand. The building also sits adjacent to Georgia State University, which is really expanded its campus. There is a need for either apartments or student housing, a residential space less than an office space. Luckily, the developer that we invested alongside was able to sell the building to that new developer. We took a loss on the building, but it was a minimal loss. Our losses would have been much more if they probably try to sell it as an office building or at least gone through the development and met really poor demand. That was an example where I feel really fortunate that we got out of a situation because there was a residential developer coming in that was going to redevelop the building into something that was more in demand. Deidre Woollard: Yeah. The reason I wanted to talk to you about that story was that this office-to-residential conversion thing I think is really fascinating and maybe worth the beginning although it's really hard to know. One of the things that are interesting to me is I moved to Alexandria in 2019, it's when Motley Fool was founded, and through the Mogul Service, we had a couple of different projects in that area. One of them was near my house and office, a condo conversion project. I'd love to go to construction sites. I went over there with my phone, taking pictures a couple of different times and watched. You think an office building conversion to residential, maybe it's just you add more bathrooms and kitchens. Nope. This was just that things are being torn out, the whole facade is off, and there are things being added. Why is residential conversion not quite like a just quick-slips solution? Matt Argersinger: I think there's some confusion or misinformation in the market that people just look at all these vast office buildings in places like New York City or Washington DC where you live, and it's like, well, why can't we just convert all these underused office buildings to apartments or condos. Seems easy solution, while it's actually very difficult to do. I'd say most office buildings, just aren't structured correctly to have that conversion. We just actually invested in an office building in Alexandria, actually, not too far from where you live, that is in the process of being converted into apartments. But if you look at this particular office building, you've got doubled loaded corridors, which means you have a narrow central corridor, and on each side you've got a lot of ample space windows. From a bonus perspective, really convertible to apartments use. You also have larger floor plates, and wide column spacing, ideal for fitting in dozens of apartments, per floor. It also has good utilities. When you're converting offices to apartments, the biggest thing is water, because as you said, you're adding dozens of bathrooms, and kitchens that are going to be more in use, using a lot more water. Fortunately, this building has sufficient utility capacity to really upsize and handle the additional water load. It also comes with ample parking. This particular building is in the suburbs, usually one, in that case, when it's not a walkable area, you want a 1.5 to one or two. Essentially, 1.5 parking spaces per apartment, this building has that by quite a margin. We had to check a ton of boxes to make this a workable investment for our investors. But think about that for your average office building, your skyscraper, or maybe a really large office building in New York City that has huge floor plates where it's, you're not going to have a lot of access to windows, you're going have to really build out the internals, it becomes very expensive and very difficult. This is not a panacea to the office conundrum that we have. I still think we have so much office space in this country. It's too costly and too capital intensive and labour-intensive to convert it to residential. Deidre Woollard: I have a follow-up question on that. I was just thinking about this, which is, there's not really a public market investing play for these types of conversions. The two projects we just talked about, they're private projects. There's not really someone who's doing this as a single thing? Matt Argersinger: Well, yeah. There's no direct play that I can think of in the public markets. You've got office REITs and in some cases, multifamily REITs who are doing these redevelopments, but it's a relatively small percentage of their portfolio and incrementally, it's going to add very little to their net operating income over time. There's not really a direct play. The two deals we've discussed so far were private deals. Equity was raised. On the crowdfunding platform, we invested in that way, but these were single-asset deals by smaller developers, not exactly your public mega-market cap companies. Deidre Woollard: Let's talk about one that is public, which was a REIT until it recently changed out of the REIT structure. Again, in Alexandria, we had this massive mall redevelopment taking place. The Landmark Mall, it's been an eyesore for a few years. It's now being rebranded as West-End. It's going to be anchored by a hospital, there's going to be apartments retail. It's this massive project between Howard Hughes, another publicly traded company, Seritage Growth Properties, and Foulger-Pratt. This one is interesting because you just mentioned parking, like there's no issues with parking when you're converting a mall, which is a great thing. [laughs] We're seeing this really taking a mall and turning it into a community walking paths, apartments, retail, maybe office or industry, but it takes so much capital. With Seritage, they've really been struggling to keep going and especially during the pandemic. We've been following that one a little bit, what do you think? Matt Argersinger: Why I like this particular deal makes a lot of sense to me, because you mentioned Howard Hughes, Seritage, and Foulger-Pratt by the way, which is private, but they're one of the largest developers in Washington DC really specializing in apartments. This kind of development makes sense to me because you got a huge amount of space, you're developing what's a mixed-use property and if you think about what's needed in a place like Alexandria which we're talking a lot about during the show, but massive suburb right outside of DC, more apartments, more medical office space for sure, retail of a different kind, more of a walkable place with amenities, experiential properties. This Landmark redevelopment, I think is emblematic of a lot of these kinds of property redevelopments across the country that I think there's a real need for. I think we're building out these mega mixed-use projects around the country that can mix together residential, office to a certain extent, hospitality, retail, and amenities all in one place and it a walkable or easily accessible type of area. I think there's a huge demand for that. Seritage Growth Properties, they've been in this transition redevelopment phase for a while now. I can't speak to whether or not they're going to be successful because they've got a lot of real estate on their books to convert this way. But these projects, the Landmark projects that you've described make a ton of sense to me. I think that's going to be one that's really successful. Deidre Woollard: It's really those class B malls, the malls that maybe weren't doing so great. We're losing tenants even before the pandemic and I think that's really something to pay attention to because before Landmark started its conversion process, it was being used a bit as a fulfillment center. It's this piecemeal solution, but we saw that a lot during the pandemic. Amazon was buying up malls, but also working with malls to takeover spaces. But here's the thing, we're starting to hear a little bit about Amazon delaying the opening of fulfillment centers, subleasing space, and scaling back, is this whole turning unused space into fulfillment centers a trend that might be waiting a little bit? Matt Argersinger: I don't think so. I know the Amazon comments definitely sense a little bit of a chill to the market. You can see the valuations. The market we know has been extremely volatile this year. It sounds surprise to see stock prices down really across-the-board, real estate has not been spared, but when I look at the industrial REITs, they have whether it's Prologis, whether it's STAG Industrial, Duke Realty before, it's now being acquired by Prologis, but all of these valuations just got hit really hard, really since that Amazon comment in late April. I think it's a little overplayed. I think the e-commerce expansion, it's much broader, much bigger story to me. CoStar recently came out with a report and they were looking at just the leases signed across the country there was in May, for example, there was 80 million square feet of industrial leases signed. That's up 16 percent from the same month in 2021 and this number blew my mind, 85 percent higher than May 2019 and that was almost a year before the pandemic. That to me tells me there's still a lot of momentum within the space. I think the country still needs a lot of warehouse fulfillment space and a lot of parts of the market. You have Prologis, I mentioned they finalize the deal to acquire Duke Realty, that's a $26 billion all stock deal that was just done this past week. Blackstone acquired PS Business Parks, another big one for about eight billion dollars a few months back. These are some of the smartest industrial real estate operators in the world and these transactions might even signal a short-term top, but I also think they reflect a long-term belief in the asset class. I just think there's so much more to play out, more runway here for industrial real estate? Deidre Woollard: One of the things I always think about it up, like never bet against Blackstone. They know far more than I do. I watched that company to really understand things. But I think there's something else interesting that Prologis is doing. They've bought a couple of office parks recently and I'm starting to wonder about a new type of industrial real estate that we're starting to see more tech-enabled, a little bit less just a box and a little bit more amenities for the workers, but partly because they'll be running more robotics and things like that. Is that where we might be going with this? Matt Argersinger: I think that's an exciting area development. I think what you're describing, you may be used to be called flex office, but that's a term that's been around for a long time. But the idea that you can take an office space may be in the suburbs, that isn't going to be really appealing in this post-pandemic world, but can I turn part of it into maybe a warehouse space, a datacenter, a light industrial, light manufacturing space. Maybe to do some prototyping or to do some R&D and then build an office component that's attached to it. I think that's really appealing. I think there's a huge demand we know on the R&D side, on the lab space side medical office. That development or build-out of existing office space is much more in demand than your traditional office space built with offices and cubicles. I think we all agree that that might be a thing of the past in a lot of cases that the traditional office, but there is and so we talked about the transformation of old resale space. Old office could be the new office if it's converted in a way that's more flexible as you said, that maybe it's more collaborative spaces let's the building to offer more things, more amenities, but also more flexibility in terms of what kind of work that can be done there. I think that's a real trend. Deidre Woollard: Absolutely. Our podcast producer had asked us about datacenters and transforming malls and anchor stores into datacenters. I did a little dig in on that. It's interesting because it's in the current situation probably not just because there's so much energy and water issues designed for datacenters. They don't quite fit into smaller spaces like that but as datacenters evolve as they need less space, as we see more edge computing coming on mind. I think there might be a potential thing there, I think it's still five years down the road maybe, but what do you think? Is that a place we could go as well? Matt Argersinger: I think so in certain cases, but I agree with your first comments, which was the datacenters right now it's a little bit of scale game and I think the most efficient way to do it and by the way, I live in Loudoun County, here in Virginia which is- Deidre Woollard: The home of datacenters. Matt Argersinger: I was going to say. Just the development is just incredible, but you have these large companies buying up hundreds of acres of what used to be farmland and turning that into datacenter space and they could do it really efficiently like you said the utilities, they can add solar panels, water is accessible. Cooling these massive spaces. With utility costs that you can keep down is key. I think that's where, say, 80-90 percent of development is still going to take place. You'll see occasional small-scale datacenter around in certain markets, but the game is still, I think a big space, big open area needs. Deidre Woollard: Yeah, I would agree with that. Well, let's talk about interest rates. I feel like everyone is [laughs] talking about interest rates these days. But there is some analysis I saw recently from MSD Real Estate assets showing that commercial real estate property sales down by 16 percent in April year-over-year. What do you think we're going to see in the commercial real estate side? Is that going to slow down maybe some of these conversions? Matt Argersinger: I think yeah. I mean, I think we're certainly seeing the impact of rate rises right now. You're going to see that slowdown. It will probably be a short-term thing. I mean, you have developers, real estate operators that they're already facing serious construction cost, inflation, labor shortages. Well, now they're facing higher interest rates and we have to remember on the development side, most of these developments and conversions are often financed with short-term floating mezzanine bridge construction debt. That's the debt that's in place during the initial build phase because refinance later hopefully to longer-term fixed rates. But in the short-term, there is a lot of floating debt out there and so higher interest rates can have an impact on developments cash flows or a bank's desire to fund something of that scale early on in the project. We have to remember, I think if you step back, 2021 was such a big year for transactions in the commercial real estate space. According to Real Capital Analytics, [laughs] $809 billion worth of transactions. That was more than double the figure in 2020 and well ahead of the previous record, which was 600 billion in 2019. Even if we weren't facing the additional headwind of interest rates, I think we expect at least some slowdown already this year because just 2021 was such a booming year. Deidre Woollard: No doubt. If we're looking at potential danger signs here, interest rates, potential concern, supply costs, price of steel, lumber or things like that, the potential for rents to go down, which it doesn't seem to be the case right now in terms of multi-family rentals all across the country are seeing double-digit increases over last year. Is there anything else that people should be looking for as a potential sign that we might be facing trouble. Matt Argersinger: I think you ticked off all of the major concerns on the supply side. My worry now is if we do enter a slowdown or even an economic recession, you're going to see a slowdown on the demand side. Right now I think developers are trying to get any project they can and get through because they know the demand is there, whether it's residential or even hospitality or some of the things we talked about, dataset centers, warehouses. They see the demand there, they're just having issues on the supply side. Now, if we enter a slowdown, that demand side is going to get hit and so, therefore, that could have a double-whammy effect on the ability to get a lot of these projects done, put a lot of them in danger. That's something I think we need to watch. If interest rates get ratchet up too high, too fast, could that slowdown the economy too quickly to the point where now we're in a situation where employment is going up? Businesses are seeing a huge slowdown in orders and all of a sudden, all these projects that were penciled a few months ago, even at higher interest rates don't make sense anymore. That's what I'm watching. I think the supply issues are things that should be transitory, I hate use that word. [laughs] I think probably six months from now, we can look back and say, a lot of that stuff probably leveled out. The demand side is I think right now the big question. Deidre Woollard: We've talked about this for a while now, and it just seems it's murky to me. There's so much that isn't clear. As an investor though, what are you seeing that might be interesting? What stocks have caught your attention? Matt Argersinger: Well, there are few that stand out to me and I'm looking at briefs and I think the outlook has certainly changed in the last few months. We have high inflation, the higher interest rates, stock prices have been hit hard. Real estate usually holds up better, but that's not been the case this year and that's caused some REITs that I follow to really fall to their lowest valuation in years in terms of things like stock-price to funds from operations, dividend yield. A few that's really interesting to me. One is Alexandria Real Estate Equities, tickers ARE, I've probably talked about this one in the past, but it's a leading life sciences office REIT, incredible track record, incredible management team. I think it's just been thrown out with all the other biotechnology because biotechnology is a big component of their rent role. This has been clobbered down around 40 percent from its recent high and trading for about 16 times funds from operations this year, which wow, you just never see that valuation for Alexandria Real Estate Equities. Another one is Mid-America Apartment Communities. It's the second largest owner operator of apartments in the country. Predominantly positioned in the Sunbelt markets and really seeing no let up in demand, no let up in occupancy rates or in rental rates. I just think they're joining sanding at the stock prices again. Down 25, 30 percent roughly from its high, that seems like an opportunity. On the hospitality side, I was looking at VICI Properties, which essentially owns Las Vegas, Deidre [laughs] as you probably know since they acquired MGM Properties a few months ago. I think the hospitality space is really interesting. The dividend yield on VICI almost five percent. I think there's real bounce-back in hospitality, especially in large events and conferences later this year and into 2023. That looks really interesting to me as well. What about you, Deidre? Deidre Woollard: Yeah. I like VICI and is one of those ones like keep liking more and more. I interviewed their CEO, Ed Pitoniak last year, and I just heard the commitment to the company. Since then I've been following it. They got that MGM Growth Properties transaction done. Las Vegas is back all the tourism numbers and even the convention numbers are coming back. But the interesting thing is what's next for them. The Flamingo is on sale on The Strip now for a reported billion-dollars. There was talk about that on the call. Of course, they would say nothing about it. I don't know if they're going to get that one. But what they did announce recently is the first project in their deal with Cabot, which is an owner and developer of golf communities and resorts. On thatearnings call they talked not just about gaming but moving into experiential and that's really interesting to me right now. The other one in that space, the giant in that space is EPR Properties, which is ticker EPR. I know you have covered that one before. They just announced another deal too for a couple of Canadian properties, a resort and a waterpark. I have a little bit of concern about a fall in discretionary spending because of inflation and people watching their wallets. But I also feel like there's that pandemic buildup and I just like EPR because the diversification inside their properties in terms of having resorts, movie theaters, which not so great, but they're dealing with that, ski properties. It's really an interesting one to me right now. Matt Argersinger: I think a seven percent dividend yield or almost on that one right [laughs] now at the price as we're taping the show. I agree, lots of good values out there. I think coming into this, the good news is for investors that REITs have some of the best balance sheets that they've had in their history and so I'm glad a lot of these companies are playing offense. They're actually going out and acquiring properties, as you mentioned and I think that's going to pay off a few years from now. You just have to live with this roller-coaster ride I think for the next several months. But coming out of it, I think a lot of these will look really good. Deidre Woollard: I think the lesson that I've taken from this conversation and thinking about real estate in general is that real estate it will shift. It will shift to be what is valuable at the moment. It may be an office today, it may be an apartment building tomorrow. Real estate is fascinating to me because everybody needs somewhere to be and the buildings and the land will shift to be what we need it to be for now and then it will shift again for the thing that we need next. Matt Argersinger: Absolutely. Space will find its demand and smart operators, smart owners, landlords will find the right way to position that property. Deidre Woollard: Absolutely. Well, Matt, thanks as always for chatting real estate with me. Tones of fun. Thank you. Matt Argersinger: Always a pleasure, Deidre. Thank you. Chris Hill: As always, people on the program may have interest in the stocks they talk about and the Motley Fool may have formal recommendations for or against them, so don't buy or sell stocks based solely on what you hear. I'm Chris Hill. Thanks for listening. We'll see you tomorrow. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Chris Hill has positions in Amazon. Deidre Woollard has positions in Alexandria Real Estate Equities, CoStar Group, and Prologis. Matthew Argersinger has positions in Alexandria Real Estate Equities, Amazon, CoStar Group, EPR Properties, Mid-America Apartment, Seritage Growth Properties (Class A), Stag Industrial, The Howard Hughes Corporation, and VICI Properties Inc. The Motley Fool has positions in and recommends Amazon, CoStar Group, Mid-America Apartment, Prologis, Stag Industrial, The Blackstone Group Inc., and The Howard Hughes Corporation. The Motley Fool recommends Alexandria Real Estate Equities, EPR Properties, Seritage Growth Properties (Class A), and VICI Properties Inc. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-06-30,59.43,60.62,58.08,60.41,
CSGP,2022-07-01,60.31,61.53,60.11,61.32,"CoStar Group (CSGP) & REBNY Collaborate to Launch Citysnap CoStar Group CSGP recently launched Citysnap in association with The Real Estate Board of New York (REBNY). Citysnap is the first-ever consumer-facing search website and mobile app for REBNY’s Residential Listing Service (RLS). Citysnap is designed to specifically cater to New Yorkers and addresses the problem of finding a place to live, an issue that several people face in New York. It is the very first search site and app to provide home searchers in New York and real estate professionals with accurate and up-to-date data, which will help people in finding both residential rentals and properties for sale. Citysnap achieved this by sourcing all of its data from RLS. It provides features uniquely designed for New Yorkers' home searches, like distance to nearby subway stations and need-to-know details on the buildings in which each listing is located. Citysnap also offers a Sky cam feature with over 50,000 360-degree aerial videos of residential buildings to enhance user experience. CoStar Group designed Citysnap in collaboration with REBNY follows the principles of “Your Listing, Your Lead,” which essentially means that all leads from listings in Citysnap will automatically go to listing agents or brokers at no additional cost. This will help real estate brokers to collaborate better with their clients and market their brands more extensively. This unique offering by CoStar Group is the very first app designed to cater to the needs of consumers in New York and real estate brokers alike, separating its services from competitors. CoStar Group, Inc. Price and Consensus CoStar Group, Inc. price-consensus-chart | CoStar Group, Inc. Quote CoStar Group’s New Offering to Aid Price Performance CoStar Group stock, which currently carries Zacks Rank# 3 (Hold), has fallen 23.4% year to date compared with the Zacks Computer-IT Services industry decline of 31%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. CoStar Group, like its online real estate market space peers Zillow Group, Inc. ZG, Redfin Corporation RDFN and AppFolio, Inc. APPF, is suffering from the ongoing macro-economic turmoil, which has jeopardized the real estate market. Rising inflation and the recent Fed rate hikes have hindered the stock price growth of companies operating in the real estate industry as demand for property buying and renting has declined amid current market volatility. Due to tighter market conditions, the advertisement budgets of competitor companies are decreasing, which is resulting in declining brand awareness. Zillow shares have fallen 45.9% year-to-date compared with the Zacks Internet Services industry’s decline of 28.7%. Redfin’s shares have tumbled 77% year-to-date compared with the Zacks Real Estate Operations industry’s decline of 30.9%. AppFolio shares have slumped 23% year-to-date compared with the Zacks Internet-Software industry’s decline of 52.9%. However, CoStar Group is optimistic regarding its revenue growth despite the current volatility. The company is experiencing more and more traffic from renters on its online platform. CoStar Group is capitalizing on this situation by increasing its investment in advertisements and brand promotions. The company has collaborated with a New York advertising agency to develop a marketing campaign for Citysnap to deliver hundreds of millions of media impressions across streaming video audio, social and physical media. The company expects that its marketing strategy and its unique products like Citysnap, which are entering various markets as the first entrant, will help CoStar differentiate its services from its competitors and gain market share. This will help in driving top-line growth in the long term. Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report AppFolio, Inc. (APPF): Free Stock Analysis Report Zillow Group, Inc. (ZG): Free Stock Analysis Report Redfin Corporation (RDFN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-07-05,60.91,61.96,60.0,61.87,
CSGP,2022-07-06,62.0,62.1888,61.18,62.07,
CSGP,2022-07-07,61.85,62.66,61.44,61.68,"How Good Are You at Guessing a Company's Market Cap? Motley Fool analyst Yasser El-Shimy and Motley Fool contributor Brian Stoffel play The Market Cap Game Show. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. 10 stocks we like better than Apple When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2022 This video was recorded on June 22, 2022. David Gardner: A lot of people, when they first think about stocks, tend to lock in on the share price. Maybe this was you or maybe this is a friend of yours. They'll say, ""Well, Alphabet, it's $2,235 a share, that's expensive."" By contrast, the same mentality when looking at penny stocks can get a lot more excited. Some penny stock they're seeing promoted by someone, perhaps some near do well and they'll say, ""Wow, the stock is at 22 cents, not $2,200 like Alphabet."" 22 cents. They will think that's the one to buy, the one at 22 cents because if it just reaches a dollar, you quadruple your money. Well, from the earliest days of the Motley Fool, we've tried to get people focused not on the price per share of the company, but rather on the market cap of the company. The price per share of a stock tells you almost nothing. It's the price to buy one share of the stock. But how many shares does the company have outstanding? Well, in math, we multiply two multiplicands together, but the price per share is only one multiplicand. If you don't know the other one, you can't do any meaningful math or figure out much of the world around you. Fools with a capital F know that you need to know the shares outstanding, and then multiply that by the price per share, and now you know the actual full value of the company, its full price tag, its market capitalization market cap. Well, to teach this lesson inexorably and unforgettable, we invented a game, that's what I do. The date was August 9th, 2017 and we've been playing every quarter since, you're planning too. You know this. You've been playing along all the way through I hope, and it's that time of the year. Again, that time of the quarter, 10 new stocks, two guest stars, both returning champions. Three guest stars actually, because you're playing along too, only on this week's Rule Breaker Investing. Welcome back to Rule Breaker Investing. It is a June of five Wednesdays, and since this podcast comes out approximately 4:00 PM Eastern Time, every Wednesday as it has since July of 2015 when we get five Wednesdays in a month, that's a big month. I hope you've been enjoying. We did a Blast From The Past to start June, Company Culture Tips and Reviewapalooza looking at three disappointing June samplers last week with Asit Sharma, Nick Sciple, and Alicia Alfiere. Well, I've got two more Fool guest stars joining me this week. It's the Market Cap Game Show and the champion of the last one, one quarter ago and of the one before that, two quarters ago right around Christmas, they're both here and getting ready to face the onslaught of 10 randomized stocks pulled from the Motley Fool universe, I call it the Fool 500. These are 500 companies in our screener database that are the highest-ranking, combining our interest in them as analysts, with your interest in them, the clicks that you give as members. That's a very informal Fool 500. There's no mutual fund tied to this or anything like that. Although, I should mention that this database is used in lots of different ways by our business. All I really do is just randomize some numbers from 1-500 and do a little bit of due diligence. Sometimes I pick the stock, sometimes I know nothing about it myself. That's certainly true of my guests as well who come in from their soundproofed chambers and their internet-free screens, having no idea what company we're going to talk about or what the market cap is although since they're both pretty smart, sometimes they do have some idea of what the market cap is and your pretty smart too. I hope you get smarter, happier, and richer every week listening to Rule Breaker Investing, that's kind of the point. This is an opportunity to pull your smart boots on. That's right, those boots that make you smarter. Bootstrapping it as a fellow player because the Market Cap Game Show, as has been the case since summer of 2017, so it's about five years old at this point, it's your opportunity to compete right along with them. I'll be asking each of my guests for the 10 stocks, what's the range of the market cap that you estimate for that stock? Then I'll turn to the other guests contestants as Kim, is your friend right or wrong inside that range or outside that range? While I asked that question of my guests contestant, I'm asking it of you as well so you're able to play right along with us and you can even outscore my guest stars, which probably happens from time to time, maybe every quarter. I think at the top I explained market cap, really just the price tag of companies. It's more complicated than that because companies that have large amounts of debt or cash on their balance sheet, that creates an enterprise value, which is the actual value of the company. But it's a lot simpler for most of us and pretty accurate most of the time just to look at how many shares outstanding for that company and what its price per share is and do the simple multiplication I talked about, and find the market cap, which is a much more important number. It's really the real value of the company. I think so many new investors tend to look at our price per share of a stock and think bigger means bigger and smaller means smaller, and by no means, is that the case? Many times it's not the case at all. It's really important, I think, for us to know the market caps. Of course in 2022 the market caps, they are a bit lower than I remember at the start of this very difficult year for investors [MUSIC] Well, I say without further ado, let's yet the June 2022 edition of the Market Cap Game Show starting. Well our guests contestants, yeah, they each won the previous Market Cap Game Show or the one before that. I'd like first to introduce Yasser El-Shimy. [MUSIC] Yasser, welcome back, our returning champion for March 2022. Yasser happy summer. Yasser El-Shimy: Thank you, David. Thanks for having me back and I don't want to get used to that word champion. David Gardner: [LAUGHTER] You don't? Yasser El-Shimy: I don't think so. I feel it was beginners like last time and I'm about to be found out on this episode. David Gardner: Well, I think that we're all part of the reason I only MC the game, I don't play this because I like to hide behind the idea that I'm real expert and people think I'm authoritative in all things and so as the MC, I can always appear that way as Alex Trebek and others have demonstrated over the course of decades. So thank you for being brave enough to be on that side of the transom. Yasser, could you give a couple of sentences about what you're doing at the Fool these days and maybe a Summer Street or pleasure that not enough people recognize or appreciate. Yasser El-Shimy: Sure. At the fall I just continue the endless quest to find that next great company. I usually gravitate toward younger, smaller sized companies with really innovative technologies that I feel can contribute meaningfully to the economy and to society at large and have a strong chance of generating strong returns over a long time period. David Gardner: That sounds good to me, I'm sure that sounds good to every listener. Yasser El-Shimy: Exactly. We've been doing a lot of that at the Motley Fool. I've been involved in a few services including Trend Spotter and Showdown, and Next-Gen Supercycle. That's my work at the Fool. In terms of summer thrill, an underrated one to be sure, I would say that playing Backgammon on the beach is underrated. I cannot recommend that enough to people. David Gardner: I love board games and I love the beach. I don't often mix one with the other, but you're right, Yasser. The wind sometimes is right out there on the coast, so it can be hard but chunkier bits. Yasser El-Shimy: Yeah. David Gardner: Like marble pieces and heavy dice. Yasser El-Shimy: I have the real deal sets with the marble dice and everything and it's beautiful. David Gardner: Do you feel like you play Backgammon better when you're at the beach? Yasser El-Shimy: I think I do. The reason is because I'm more relaxed and so I'm able to just completely let go of any other worries or concerns and just completely give myself to the game. David Gardner: Roll those XX's. Well, thank you, Yasser, looking forward to your participation this week and now let me introduce our other guest star. It's Brian Stoffel. Brian, in the Battle of the Brians December 2021, two market cap gameshows ago. As I recall, you and our friend Brian Feroldi, each scored five points, but we had a pre-existing tiebreaker that you won. So Brian Stoffel, welcome back as a returning champion. Brian Stoffel: Thank you and since the previous one was against Brian Feroldi, I will accept the title of Champion. If only because we had many tiebreaker shows like that on Motley Fool Live that I lost. [laughs] David Gardner: We had another Battle of the Brians before that where I think you both tied again. You have a remarkable ability to score five points in the 10 point Market Cap Game Show contest. Brian, delight to have you. What are you doing around the Fool these days? What's an underrated summer thrill? Brian Stoffel: Around the Fool, everything pretty much goes into two buckets. The first bucket is Motley Fool Live where I am on the Mindset Show, Brian Feroldi, who we just mentioned and I, we have a stocks from scratch show that we do. Then I'm also in the Morning Show. Then I also help with the monthly write-ups for the Stock Advisor recommendation. Now when it comes to underappreciated thing, it's funny because David, you just mentioned the wind being something that can make things harder. My underappreciated thing is the wind because at least where I am, the mosquitoes can be terrible [laughs] during the summer, except if the wind is out. I'm a big fan of summer breezes because it means that I'm not going to be scratching my ankles for the next couple of months. David Gardner: Are you describing Wisconsin Lakes? Is that one I'm hearing? Brian Stoffel: That is correct. David Gardner: Of course, mosquitoes are a lot more universal than that. But boy, do I hear you, Brian, I've been feeling them here on the coast in North Carolina. Well, thank you both for joining us for this summer edition. It is June 2022. I'd say without further ado, let's get started with company Number 1. Yeah, so let me turn to you first and I'm thinking about companies that manage multiple brands. Companies that manage multiple brands, who does it well or poorly in your mind, given me an exemplar. Yasser El-Shimy: One company that immediately comes to mind would be Procter & Gamble, with the Tide brand and Cascade and other household essentials, if you will. David Gardner: How about retail operations that have more than one type of store under a different name? Yasser El-Shimy: That's an interesting question. David Gardner: They're the Clothiers, I sometimes think back to Gap stores which also had Old Navy. That's not the company we're talking about now, but I think it's not uncommon in retail to be owning multiple brands. Yasser El-Shimy: No that's true. The Gap is one famous example they own Banana Republic, Old Navy. David Gardner: That's right. Yasser El-Shimy: Other so, yeah, I guess it is not that uncommon. David Gardner: Well, this particular company is an example. This company is in the top 100 by revenue in the Fortune 500. It was formed as a subsidiary of Xero Corporation in 1987. That's a brand I still remember some of the older hands listening right now may remember Z-A-Y-R-E discovery today is headquartered in Framingham, Massachusetts, but the first T.J. Maxx store was actually open in Auburn, Massachusetts, it was part of the discount department store chain of Xero today. TJX Companies ticker symbol TJX is actually headquartered in Framingham, Massachusetts. The reason I was mentioning multiple brands, Yasser is because I'd forgotten. I don't know this company that well, but they also own Marshalls and HomeGoods, Homesense, Sierra in the United States, they've got Winners in Canada, they're operating primarily in North America with a lot of discount off-price department stores. This is a company again, that is one of the 100 largest by revenue share in the United States of America. Before I ask you about the market cap, Yasser, have you been into a T.J. Maxx any time in the last few years? Yasser El-Shimy: Absolutely. I've been to a T.J. Maxx, to Marshalls, and to HomeGoods. I would say that my mom is probably singularly responsible for 50 percent of their sales. [laughs] The number of times she has just dragged me in there to buy stuff it's incredible, but there's a certain excitement associated with going to these stores even if you don't really need to get those ""Bargain prices."" There's a certain thrill associated with the egg hunt aspect of it, the Easter egg hunt, because you don't know what you're going to get there. You just go and you just go through the stuff. Sometimes you find stuff you like sometimes you don't. David Gardner: Well said. Yasser El-Shimy: I love that thrill of finding something new. David Gardner: Well, given that your mother is providing about 50 percent of the company's revenues, I'm hoping Yasser you'll have at least a decent guess at the market cap for The TJX Companies ticker symbol TJX. What is your range, Yasser, for the market cap for TJX? Yasser El-Shimy: Good question. That's not the kind of company I would have personally looked at to consider as an investment. But if I were to speculate on the market cap of TJX, I would probably say it's in the 14 billion to $22 billion range. David Gardner: Fourteen billion and $22 billion. Players at home and Brian Stoffel, you're either going to say it's within Yasser's range or outside might be higher, might be lower. Again, new players, it's about time to make your decision right along with Brian Stoffel. As I ask Brian, a little bit of thinking for you here and where you are on inside or outside Yasser's range. Brian Stoffel: Yeah. When you first introduced the company, I was like to write down what I think it is. Then at least I've got something to anchor to. It's funny because first I wrote 10-15. Then I heard you say that it's in the top 100 per sales and I was like could it be 30? I don't know. Since this is pretty close to that, I'm going to go ahead and say inside the range. Oh, no. David Gardner: It is unfortunately outside Yasser's range. Again, players at home, if you said outside the range, you've got it right. History will now show that both Yasser and Brian had it well lower than the TJX Companies about which I know not that much myself, to be clear. I haven't been to T.J. Maxx as many times as the El-Shimy family. But the market cap for TJX Companies is 66.48 billion. Actually about triple the range that you were both thinking. Perhaps the mention that it was in the top 100 by revenues would be a reason to think higher. But that's just second guessing and Monday morning quarterbacking, and we don't do that on this show. Brian Stoffel: I never would've guessed that high no matter what you said [laughs] Yasser El-Shimy: I'm absolutely stumped. I know my mom has done them a favor too, but not that much. David Gardner: [laughs] I've got this one as Yasser 1, Brian nothing, as we move onto company Number 2. Brian, your life in or out of video games. Do you care about video games? Brian Stoffel: Not really. I played them a lot of Madden football and college football when I was in college. But once I became a teacher and then after that, once I became a dad, a lot less time. Although I will say my daughter just turned nine and we agreed to get her a Nintendo system so our family can play just dance, so that could change soon. David Gardner: That is a wonderful use of video game time. We have certainly done the dance pad thing in the Gardner family home admittedly with kids who are now adults. But I want to validate that decision that the [inaudible 00:17:24] are considering because I think not only do you get a little more coordinated, you have fun as a family. Brian, I think you know that I love being in some video games, so it almost doesn't matter the genre I love video games, and often these companies have made it into Motley Fool portfolios. It's been a great growth area of the economy over the last 30 years as you well know, and not everybody likes video games. Some people think that they are responsible for violence. Often, I think new media when they show up over the course of history, I think it was once mentioned to me that the novel was considered corrupting of younger women when it first showed up that horrific new art form novels. I think it's always going to be true and we're probably going to see that with the metaverse as well, where people look at the downside and don't like new media sometimes for that reason. Admittedly though, I'd like to say I probably spent too many hours playing video games over the course of my life. One day on the Gardner deathbed, I might say, I played too many [laughs] video games. But anyway, just dance sounds good to me Brian. Well, not every video game company is an American company. We certainly have some big brands, but I think a lot of us know that Sony, one of the biggest video game companies in the world is Japanese, of course. Then there are Chinese companies. That's what I'm thinking about right now, Brian Stoffel. Have you ever heard of the Westward Journey series? Brian Stoffel: I have not. David Gardner: How about Tian Xia III? Brian Stoffel: Yeah, that's a huge no. David Gardner: Heroes of Tang Dynasty Zero, or Ghost II, or Nostos, and Onmyoji? Brian Stoffel: Man, that's the whole lot of blanks. David Gardner: [laughs] Well, more Americans may have heard of World of Warcraft, StarCraft, and Overwatch, which NetEase sticker symbol NTES operates the Chinese versions of those games. This is a long running Rule Breaker stock pick done well over the course of time with a lot of stocks. More recently, it hasn't fared so well over the last 12 months. But what's more important than the performance, well, at least for this game show, I actually thing the performance is most important. But for this game show, what's more important, Brian, as you know, is the market cap of NetEase, sticker symbol NTES. What is your range of market cap for NetEase? Brian Stoffel: Oh man, so I've got to consider the fact that video games in general are down, people are spending last time inside, although there's more lockdowns in China than there are other places. But then there's also concern about Chinese delisting. Oh man, I'm going to give a big range here, which might be a treat for Yasser or might not. But I'm going to say between 30 and 60 billion. David Gardner: Thirty and 60 billion players at home, and Yasser El-Shimy does feel as if Brian has been generous with his range. But let's find out. Yasser, players at home, inside 30 to 60 billion or outside that range? Yasser El-Shimy: That's a tough one, David. Yeah, I mean, for all the reasons that Brian just listed, there are lot of question marks on the volatility associated with Chinese stocks lately. Even though he did offer a very generous range here, it's a tough one to call, but I'm going to go with outside the range. David Gardner: It is outside the range. It was a generous range and it was pretty close. Players at home and Yasser, the answer is 63.59 billion. Just outside that range. It's interesting. One of the reasons I love market cap is it gives us an opportunity to compare companies that are completely different from each other. Think about how different the purveyor of off-price discounting department stores, largely in North America TJX Companies, T.J. Maxx, etc. Thinking about how different that is from those video game tiles many of us had never heard of and yet both of these companies are right around lower $60 billion market cap. Very comparable. In that regard, I'm also happy to say that for Rule Breaker members, even with the recent weakness in NetEase, this has been a wonderful. Last 10 years the stock is up eight times in value. By the way, guys, this is a fund rule of thumb to remember. Over the last 10 years, the S&P 500 is up almost exactly 200 percent. Over the last 10 years, the stock market has almost exactly tripled. When we talk, we may reference at other times, this episode when we talked about 10-year performance of some of these stocks, they're trying to be 200 percent,. T's coming to about 700 percent over the last 10 years and rather anonymously, I think for most, at least US investors. Yasser, if my math is right, I think you're up to nothing. Your feelings at this moment. Yasser El-Shimy: Sure I got David. I don't want to get ahead of myself here, but it's a better start than I expected. David Gardner: [laughs] I thought that was a generous range, Brian. If you just said 30 to 65 or something like that, would've done it. Sometimes we shouldn't too often rock round numbers. I don't know. Let's see and keep planning going forward. Let me turn back to Yasser. Yasser, I know you live in the greater Washington DC area, which is, of course, where the original Fool HQ anyway is based. Have you been in Downtown DC recently? Yasser El-Shimy: I have actually just this weekend, went to the Museum of Natural History. David Gardner: Oh, wonderful. Was that to go with your family, is that an annual soldier, and why? Yasser El-Shimy: [laughs] I mean, we had the extended weekend just with Juneteenth holiday. The weather was perfect so we decided, hey, let's go on a trip to the newly renovated Museum of Natural History, and luckily, the girls really loved it. David Gardner: I'm so glad to hear that. I grew up in Washington DC myself, so I can remember with six-year-old, I seeing a gigantic, great, big blue whale. I think it was right almost as you walk in. Is that big blue whale still in this Smithsonian Museum of Natural History? Yasser El-Shimy: There is a huge skeleton of a big blue whale. But I think you might be thinking of the big elephant. That's right. As soon as you step in they have a full size elephant [laughs] in the hallway. David Gardner: Most of all, Yasser, I think I need to go back to that [laughs] museum it's a bit of few decades for me, but I'm delighted. Certainly one of the great things about growing up in Washington DC are all those amazing museums as well. When I've talked to friends who are downtown, they say stuff like, yeah, it's still really quiet in Downtown DC. A lot of us in cities, if we think about the corporate district, not as much activity certainly as pre-COVID. Most recently I was seeing numbers like we're peaking post-COVID at 78 percent occupancy relative to where we were 100 percent before that, ie, we're three quarters back, but there's still a quarter missing. This is of concern to anybody in the commercial real estate business and a lot of us have questions about what the future of that business is. Perhaps most of all Yasser people in that industry themselves, I will say by the way, on a side note, it hasn't stopped. I think the DC traffic from still seem to be pretty bad. If people are downtown, are they still out on for 495? I'm not sure. But the reason we're talking about commercial real estate is because I'm thinking of CoStar Group, ticker symbol CSGP. This is a company that for years has taught it up the numbers, created a database and services around that, around the prices of office buildings and other commercial properties. It's a place where if you work within this industry, you are very familiar with CoStar Group and the data that this company overseas manages on its platform. Yasser, have you ever taken a look at CoStar Group the stock? Yasser El-Shimy: I have not had the pleasure unfortunately. David Gardner: It's not a very well-known stock, we'll certainly have better known stocks this week on the Market Cap Game Show. But I think without further ado, I should just turn to you and ask, since you're now on point for the range of market cap for this, again, longtime Rule Breakers stock. I will turn to you, Yasser, and ask you a question I myself would have a hard time answering. What does the market cap range that you'd like to specify for CoStar Group? Yasser El-Shimy: I'm going to go with 28 to 36 billions. David Gardner: Twenty eight to 36 billion. I see that you're still working in a tighter range. It feels as if that might be distinctive to your approach to this game, Yasser. I know you're still getting your feet under you here, but do you feel like that might be a little bit more of the El-Shimy way to play the game? Yasser El-Shimy: Yeah. I think the way I approach the game is I generally do try to situate where a company might be and then offer a relatively tight range. David Gardner: Well players at home and Brian Stoffel, Yasser said 28 to 36 billion for a company not that many people know well, CoStar Group. Brian, inside that range or outside 28 to 36 billion? Brian Stoffel: Man, I can't wait till we get to those more familiar names in the [inaudible 00:26:56] [laughs] Low end was 28 when I wrote mine down my high end was 27.8 [laughs] I'm over two so far, my gut tells me to say outside to the bottom, but since I'm over two, I'm going to switch it up, I'm going to say inside the range. David Gardner: [laughs] I'm sorry to say it is a little bit lower. Not a bad call. It's 21.86 billion so we could round that to 22 billion players at home. If you said outside Yasser's range, Yasser keeps getting the range wrong, but scoring points that's part of the charm and fun of the market cap game, show and players at home are experiencing that as well. Yasser, by my accounting, you're right now three nothing but it feels like maybe you still have some of your best calls ahead of you. Yasser El-Shimy: If I told you [laughs] I'll have to call you so [laughs] let's keep playing. David Gardner: [laughs] Let's keep playing, on the company number 4 now Brian, one of the things I've always appreciated about you is not only are you somewhat of a world traveler, but you also have lived overseas and I think you still maintain a place in Costa Rica, am I right? Brian Stoffel: Yes. In fact, on the trip down this past year at the last minute, my wife couldn't go so it was myself, a three-year-old, and an eight-year-old. Right as we were about to leave we all got COVID and so we had to quarantine in a shipping container, that's our house, on the farm for a week without Internet. David Gardner: [laughs] What did you discover about yourself during that week? Brian Stoffel: It's funny if you watch the Mindset episode that happened today, the day we recorded, we actually talked about that because what I discovered was I like focusing on mindset issues and working with our beginner members, especially more than specific stocks and so I shifted that when I came back. David Gardner: We've referenced Motley Fool live a couple of times already. That's the way I describe that, Brian and Yasser is that's basically our TV channel on our website. It is member-focused so if you're a Motley Fool member, I hope you already know, live.fool.com and you've seen Brian, you've seen Yasser. Many Motley Fool analysts appear generally during the weekdays, all throughout the market year. It's something that I've enjoyed so much and I do wish the entire world watched Motley Fool Live, but that only happened when the entire world becomes Motley Fool members, which we hope will be the case one day, but it is our member-focused TV channels. Again, if you're already a member, you know that if you're not and you're curious take a look at Motley Fool services, Motley Fool premium services, Stock Advisor, many others and then you can join us at Motley Fool Live. Well, Brian, I'm glad that you guys got over COVID and I've often picture, I think you've sent me a picture or two of your place in Costa Rica so I know what it looks like. But what I don't know is how remote you are and whether there are any American brands that still are evident to you, even at that remote Costa Rican site? Brian Stoffel: We are quite remote. When we fly in, then you can see, and it's really only in the capital city. There's a Walmart right there, there's some fast food restaurants you'd be familiar with. But beyond that, I think unless it's a company that produces tools, very slim chances. Coca-Cola is around everywhere. David Gardner: That is a huge international brand and that's what I'm thinking about right now with the company number 4, so the biggest brands in the world, Brian, what would, what do you think is a brand that all Costa Ricans have probably heard of that's an American brand if you went top-three? Brian Stoffel: Okay. I will go Coke and then it's a little bit unfair, but I'd throw Mehta or [Meta's] Facebook in there and then beyond that, probably McDonald's. David Gardner: Wow, well, maybe Apple didn't rank there, but ticker symbol A-A-P-L is, I'm sure well known to many Costa Ricans and I think it's just about the biggest brand worldwide and for lots of great reasons. Often I think that the companies that build brand over decades are the stocks we want to own. It's no coincidence to me that many of the best-performing stocks end up being the best brands in the world over meaningful periods of time in each industry. As you guys can probably guess, relieving the obscurity of the CoStar Group's and net eases and right now we're looking at Apple. Brian, I'm turning back to you and wondering what market cap you'd like to specify for Apple Inc. Brian Stoffel: I'm going to go, last time I did this, I said billion instead of trillion, and Brian Feroldi tried to get his answer in real quick. I'll remember trillion, let me say between 2.05 trillion to 2.405 trillion. David Gardner: 2.05 trillion to 2.405 trillion. I do want to mention, by the way, it's been more than two years since any of these 10 stocks on this game show have appeared on the Market Cap Game Show. Not only do we have 10 fresh companies to discuss, but we have 10 fresh market caps to consider since the market itself has been about as fresh to investors as could possibly be in the first six months of a year. So 2.05 trillion Yasser, to 2.45 trillion, I want to ask you and our players at home right now, inside or outside that range. Yasser El-Shimy: Well, I would say the trillion is right, [laughs] other than that. David Gardner: Which is amazing on its own. Yasser El-Shimy: [laughs] Exactly. That's incredible sometimes when you think of how incredibly large these companies are placed by market cap, I would say outside the range. I think the market has been absolutely brutal. Many of the technology companies out there, including the so-called Fang companies, Apple being one notable member of them. I'm feeling it's on the lower side of that equation. David Gardner: The market cap of Apple is 2.105 trillion and so it is inside Brian's pretty generous range, just a range of 450 billion or so [laughs]. Larger than most companies by multiples of their market caps. But yeah, these numbers are so large that it's astonishing to consider. Apple has a significantly larger market cap than Russia has GDP, for example. It's always interesting to compare some of these global numbers. But when you think about the world's, I think probably best-known company, it's perhaps not surprising that we would be running up to the not just nine-figures friends, but 12 or 13 to anyway, a lot of numbers 2105000000000, and I think three more after that, 2.105 trillion. If you said inside the range, give yourself a point, Yasser, you said outside that range and so Brian racks up his first point. That makes it a little bit more dramatic. Remember, Brian always finishes these games five to five. It's Yasser three, Brian one, and players at home, you are somewhere from four we hope, right down to zero. Let's move on to company number five. From the very big to the significantly smaller, but I won't be any more helpful than that. Turning back to Yasser for company number 5. Yasser, do you use an iPhone or an Android phone? Yasser El-Shimy: I do use an iPhone. David Gardner: You use an iPhone. Well, let's stick with Apple. Then speaking of Apple, so you use an iPhone. Have you ever used Apple Cash? Yasser El-Shimy: I do. Yes. David Gardner: You use Apple cash? Yasser El-Shimy: Well, hold on. I use Apple Pay and Apple Wallet. I'm not sure what Apple Cash is. David Gardner: Well, I'm glad we're talking about this, and I have to admit I'm not an Apple Cash user myself and these things can start sounding confusing. But the Wallet app on my iPhone enables me to add my credit card or debit cards or other things and other ways to pay people. One of the options more recently has been Apple Cash. You can actually open up a debit card and just instead of maybe using Venmo or PayPal, you can pay people with Apple Cash. Now, I haven't signed up for it and Yasser it sounds like you're not specifically using Apple cash either. Yasser El-Shimy: I'm not. No. David Gardner: How do you send payments to friends? Do you ever pay your friends? Yasser El-Shimy: I have to, unfortunately, [laughs] But when I do so it's usually via Venmo or the Cash app. David Gardner: Okay. There are lots of ways to pay people these days, but the company behind Apple Cash is Green Dot Corporation. Check it. Ticker symbol is G-D-O-T, Green Dot Corporation. This is a company that is within Motley Fool coverage, not a stock I've looked at before, so I didn't know it very well. I'm not using Apple Cash, I don't know, maybe I should. But I don't really feel like I have a payments-to-friends problem. As Seth Gordon's often said, ""who's actually scratching a niche or really solving a problem."" I feel as if lots of different companies are all solving that problem which is maybe why Green Dot Corporation isn't larger than it actually is. But since we're talking about that, I guess I should turn back to Yasser and ask you what your market cap range is for Green Dot Corporation, ticker symbol G-D-O-T. Yasser El-Shimy: Market cap for Green Dot, I will go with a range of 650 million to 1.75 billion.. David Gardner: Six hundred and fifty million to 1.75 billion. Spoiler alert this company is smaller than Apple, and so it makes these numbers I will [laughs] easily handled, shall we say. Brian Stoffel and players at home as I turn to you Green Dot Corporation, and ask you is it's market cap within Yasser's specified range of 650 million to 1.75 billion or outside that range. Brian Stoffel: Every morning I look for big movers on the market. I don't like following it every day, but I look for big movers, but I always have a screener that says show me 2 billion and above. I don't ever remember seeing Green Dot which tells me that it's probably under 2 billion. Which means that I'm going to say inside and if this is between 1.75 and two billion, I'm going to go with the inside [laughs], I'm going with inside. David Gardner: It is indeed well done. A screening stock researcher I here, Brian Stoffel, and that served you well in this case, the market cap for Green Dot Corporation is 1.22 billion, Apple 2.1 trillion, Green Dot 1.2 billion. But who's really counting? Actually, I'm counting, I count Yasser with three points and now Brian having scored two in a row, players at home, again, give yourself a gold star and a plus 1, if you said inside that range. We're at the halfway point of the Market Cap Game Show this week, with the market down as far as it is, the normal halftime entertainment we would've featured is unfortunately not available to us this week. I'm simply going to have to turn to my friends. Brian and Yasser decided you guys know a joke? Brian Stoffel: I can tell you a joke that my three-year-old said to me this morning at breakfast. He's three, so you got to picture this, it's not coming from me, but from a three-year-old. David Gardner: This is definitely the best halftime entertainment we can manage. Brian Stoffel: He says, knock, knock. David Gardner: Who's there? Brian Stoffel: Interrupting cow. David Gardner: Interrupting cow? Brian Stoffel: He's three. So I thought it was a [inaudible 00:39:27] . David Gardner: Well-played. Thank you. I think many of Motley Fool will be able to use that in the week ahead. I think that could come from anybody. Brian, I'm 56, I'd be willing to try out what your three-old just sprung, and thank you for that. While the halftime follies are over, the expensive Super Bowl ads, they are starting to get less expensive as we move to the second half of the show. Except that I think things might get even more dramatic. I don't know. It's getting closer and closer as we move to stock number 6, turning back to Brian now, company number 6, Brian, planes, trains, or automobiles? Brian Stoffel: Trains. David Gardner: Why do you say trains? Brian Stoffel: It's more fun. David Gardner: Did you ever see the movie, Planes, Trains, and Automobiles? Brian Stoffel: John Candy are you kidding me? That's a great movie. David Gardner: Steve Martin, John Candy, etc., you betcha. Planes, Trains, and Automobiles, but I like your answer. Planes, trains, or automobiles because trains was the correct answer. This company was founded in 1862. Today, Union Pacific Corporation, ticker symbol UNP, is the second largest US rail company after BNSF. I was looking at the history of this, the Act that enabled the Union Pacific Corporation to build its first railroad was actually approved by Abraham Lincoln himself in 1862. This company dominates the West. It has a duopoly actually with BNSF for that portion of US rail commerce. Do you guys know where Union Pacific is headquartered these days? Brian Stoffel: Somewhere in California. David Gardner: I would've thought so too, but the answer is right where it's been for a long time in Omaha, Nebraska. Right in Warren Buffett's backyard union, Pacific Corporation is, of course, where we have our market cap sights set. Brian, let me turn to you, the second largest US rail company. A good performer for a lot of stock market investors who'd like a little dividend and we'll just patiently passively hold this stock. One of my stock advisor picks back in the day. I like trains as well. Planes, trains, automobiles. The answer is always. The correct answer is always trains. Brian Stoffel, what is your market cap for the Union Pacific Corporation ticker symbol, UNP? Brian Stoffel: We're going to go from 82 billion up to 137 billion. David Gardner: Eighty two billion to 137 billion, Yasser, people can't see you. I can see you because we're doing this by video, but this is of course just an audio podcasts. But I would say your brow looked knit, you had a hand on your head. You look deep in thought. Yasser El-Shimy: I have been thinking about this ever since you said trains. That got me thinking about the railways. Some of these companies have been great investments over the many decades. They've been on the stock market. As you mentioned, they are good dividend payers. But I also know that with recessionary fears gripping the market these days, we have had a quite a remarkable node pullback in those stocks. I was trying to think hard about what the market cap could be for Union Pacific. David Gardner: I'm glad that you've been thinking about that because we're about to ask you whether Brian is correct with his range of 82 billion to 137 billion, or whether that's incorrect, and so Yasser, I think the time has come players at home inside that range or outside that range. Yasser El-Shimy: I feel 137, that seems awfully arbitrary. [laughs] I'm going to go outside the range. David Gardner: [NOISE] It is inside a rather generous range, although it was close. You weren't far off with that call, Yasser. The correct market cap as of Tuesday afternoon, June 21st, we're recording this right around 3:00 PM Eastern, the market cap for Union Pacific is 130.75 billion, so $131 billion just inside the high-end of Brian's range. Yasser if I turned to you, and just point-blank said planes, trains, or automobiles, what would you have said? Yasser El-Shimy: I probably would have said planes. David Gardner: That's unfortunately the wrong answer. [laughs] Yasser El-Shimy: Exactly. That's why I'm tied now. [laughs] David Gardner: [laughs] It's 33. Let's move on. Thank you, guys. Here we go. Company number 7, Yasser, Disney, Universal, or Six Flags? Yasser El-Shimy: Disney. David Gardner: It's probably the right answer, but that's not the company we're going to be talking about on this Market Cap, Game Show, Six Flags entertainment, the ticker symbol is S-I-X, appropriately enough, is the company we're taking a look at. This is a really interesting, it's been around for 60 years, but the company has been through bankruptcy at least once. It's been troubled at different points and has an interesting development which I'm going to mention. Do you know who became CEO of this company toward the end of last year, Yasser? Yasser El-Shimy: I do not. David Gardner: All right. Brian, jump right in with your knowledge, we reward knowledge on the show. Brian Stoffel: Is it Selim Bassoul? David Gardner: It is indeed. The former CEO of Middleby Corp, longtime friend of the Fool, conscious capitalist, he had taken over as Chairman of the Board for a while and then they asked him to become President and CEO on November 15th of last year. I won't say the company's revenues, because that starts making the question easier. Let's just leave it right there. We're going to come back and talk a little bit more about Six Flags entertainment in a sec. But first, as our listeners at home, mirroring Brian Stoffel's good habit right away, are already thinking of their number. I'm going to turn to you, Yasser, and say, what is your range of market cap for Six Flags entertainment ticker symbol S-I-X? Yasser El-Shimy: The picture of a turkey drumstick is clouding my judgment right now because that's the snack they have at Six Flags. I recall many years ago being offered one and politely passing on. [laughs] David Gardner: It was right around Thanksgiving Day last year, that Selim Bassoul became Turkey Drum became CEO of this company. There's a lot of Turkey and this has been a little bit of Turkey were performer as well. I'm not saying it's Selim's fall, he's just started but stock's been nose-diving. I'm not trying to affect your guests here though. Yasser, what is your range of market cap? Yasser El-Shimy: My range of market cap would be 3-7.5 billion. David Gardner: 3.0-$7.5 billion for Six Flags entertainment. Brian Stoffel, if I'd said to you Disney, Universal, or Six Flags, what would've been your answer? Brian Stoffel: Definitely Disney. David Gardner: That is the correct answer. Brian Stoffel: This is a tough one because I'm going to use that same screener and trick. I was asking myself, does this ever show up? Have I ever seen this and now I can't remember if I've seen that or not. [laughs] But I went against my gut before and I got it wrong. I'm going to go with my gut. I think it's below the low range of what was offered. I'm going to say outside. [NOISE] David Gardner: We have an incredible comeback underway as Brian Stoffel has just racked up his fourth straight, correct answer. Players at home, if you said outside the Yasser's 3-$7.5 billion range, you'd be right on the low-end indeed, the company's market cap is 1.75 billion as we speak this Tuesday afternoon. The company had revenues last year of $1 and 1/2 billion. This is a company at about one times sales. I was checking it out. They have right around 2,000 full-time employees. They have seasonally 43,000 more employees than that. Imagine trying to run a company with 45,000 employees about half of the year, and then not the other half that owns many different parks, including waterparks, lots of different brands, and all of that at a market cap of just 1.75 billion. What does it sound like to you, Brian? Brian Stoffel: Like a job, I don't want. David Gardner: [laughs] It definitely sounds stressful. Yasser El-Shimy: I'm just going to go ahead David, it sounds cheap. David Gardner: I will say this Selim Bassoul has a well demonstrated history of playing the long game and winning hugely on behalf of the shareholders. Certainly my brother Tom, who first discovered The Stock somewhere around 2001, that will be Middleby Corporation, Selim's previous company. Wow, what an incredible run that stock went on over his roughly 20-year career. It wasn't so great last year's as he eventually cycled off. But take it, all in all, what a gigantic winner. If winners win, guys, I think we might want to keep our eye on Six Flags entertainment, although, man I agree with you, Brian, that's not [laughs] a piece of this I would want to run. Yasser, it sounds you've done your time at Six Flags here and there. You've been to at least one? Yasser El-Shimy: I have been to a couple. But I would say the last time I have been to Six Flags was over 12 years ago. David Gardner: I know you live in suburban Maryland in, Largo, Maryland is Six Flags America. That's an important one. Maybe you want to take the kids sometime this summer, help out Selim? Yasser El-Shimy: As matter of fact, I do. That's great idea. David Gardner: Wonderful. Well, I wish I could award you a bonus points for your good nature there, but unfortunately, that's not how this game works. Right now, we're looking at Brian Stoffel -4, Yasser El-Shimy-3. You guys you're both neck and neck. Yasser took the big lead early, and now in the middle for longs we have a new leader with three companies left, and I'm quite certain at least one of our listeners has 7. That's how smart some of our listeners are, some of us may have zero, but we're having fun. Let's move to company Number 8. Turning back to you Brian. Brian it sounds like screening companies that have market caps below $2 billion is of passing interest to you. Brian Stoffel: Yeah. I don't like seeing what the market is doing every day. It doesn't really bother me. But what is interesting is if all of a sudden the stock is down by 50 percent or up 50 percent, that's worth looking at. The thing is, if you include those really low cap companies, there's going to be a ton of them because that's the nature of small-cap companies. That's just the cutoff. David Gardner: Well, spoiler alert. This next company wouldn't make your screen, but I think you'd already know that. Do you ever invest hoping a company will get bought out by another company? Can you think of a stock that you've picked or owned in the past where you had your fingers crossed, you confidently thought, these guys are going to get taken out? Brian Stoffel: I haven't, but I do know that one of your most successful booking when I went back and read the write-up, you said, oh, it's a great buyout target. It ended up being one of the best performers stand-alone on the whole scorecard. [laughs] David Gardner: Exactly. It's one of my favorite examples because it's one of the few times in Motley Fool Stock Advisor history where I wrote the write-up, saying in the write-up, I think these guys will get bought out, and they never did. Instead they started buying others out, booking in Europe, etc, and became the industry leader on their own. I've always loved that example, and I'm so grateful you're referencing again. Once again, this company is involved in a mega merger, so the stock is not as volatile because there is an overhanging price that Microsoft is supposedly going to be buying them out by the first half of next year. I'm not going to say the share price of it might help one of my players, including those of you at home, but a lot of us probably have heard. I know Brian doesn't like video games very much. A lot of us have probably heard that Activision Blizzard ticker symbol, ATVI, I think it's fair to say embattled Activision Blizzard at this point received a generous buyout offer earlier this year from Microsoft, the company I would say trading in a surprisingly large discount to Softies cash. I think there's some share conversion offer too there, but this is a pretty rock solid offer. Let's put it that way. When Microsoft comes in knocking and, says we're going to buy you out, Satya Nadella has the cash to do it. Activision Blizzard, a longtime Motley Fool Stock Advisor holding, a stock I personally own, and I've written positively about it many a time in the past. I've been right at different points, and wrong in others. But take it all-in-all, it's been a great stock for Stock Advisor members. But Brian, are you following the story at all? Is this of interest to you, Microsoft buying Activision Blizzard, the largest video game acquisition of all time? Brian Stoffel: I'm aware of it. Just what I remember was just what a fall the stock had. It was the pullback from society's opening up, the culture issues, just so many things pulling it down. I'm aware of it, but now I'm just trying to gauge where I'm sitting on the market cap. [laughs] David Gardner: Well, again, the offer is supposed to be consummated by early next year. Now some people question whether the Justice Department, the Biden administration would let a big merger like this happen. But then others point out what a large industry this is. This would make Microsoft the third largest Video Games Company in the world, but it's not like they'd be the Number 1 or even Number 2. It'll be interesting to see how this plays out. But more important, let's forget about then and talked about just now. Let's talk about the market cap right now. Brian, what range would you like to specify for Activision Blizzard ticker symbol, ATVI? Brian Stoffel: Let me go 21-29 billion, and I'm wrong, I'm guessing it's higher than that, but that's what I'm going to go with. David Gardner: Now you're saying if you're wrong, you guess it's higher, you don't want to extend your range? Brian Stoffel: No, I'm going to leave it right there. [LAUGHTER]. It is still the mind games? David Gardner: I'm really good at speaking at both sides of my mouth. I did that a lot on this podcast from week-to-week as well. I admire your skill, sir. Let's turn to Yasser and of course, all of our players at home. Brian has specified a market cap of 21 billion to 29 billion for this somewhat fallen star within its industry, and yet still so many great brands, speaking of merging multiple brands as we talked about earlier this show. Almost a day doesn't go by that I don't play some Hearthstone, I'm a big fan of that Digital Card Game, but certainly Diablo IV, I can't wait for that. I remain a lifelong inveterate video gamer. I already mentioned my deathbed pre-confession. But let's turn back to Yasser, and our players at home Brian stood at 21-29 inside or outside that range. Yasser El-Shimy: Outside. It maybe a fallen star, but it's not quite dead star. I think Microsoft did pay a premium on Activision, and I believe it is higher than that range. David Gardner: It is correct. Outside the range, that makes it Yasser-4, Brian-4. Makes an exciting conclusion. Let's talk briefly before moving to company Number 9. What's happening with this company? The Microsoft acquisition announced earlier this year was for $69 billion, and the stock is trading at a market cap of 57.8. There's a fair amount of gap between where it is right now, and Microsoft's tons of cash offer for this company which is due within the next year. I'm looking at it, seems to be about 20 percent below where that offer lies, so it'll be interesting to watch this one further, but I'll will tell you guys whether or not Microsoft buys Activision Blizzard, I would just keep holding it in either case. I feel good about this industry and where this company's positioned for the long term. Anyway it's a fun interesting sidelight. Part of the beauty of investing in the stock market is that it causes you to pay more attention to the business world and what's happening in the world at large. This is a good example for many of us a sideshow, but still really interesting to study and learn from. Speaking of studying and learning, I'm learning a lot from these guys. Did they study? It's 4 to 4. Two very talented returning champions. As we enter the home stretch, we have two companies left. Let's move Yasser to company Number 9. I know you've documented the huge share that your family represents of the nation's retail revenues. We're headed right back there. Clearly you are spending a lot at The TJX Companies, but I'm curious, Yasser. Let's forget about your mom or your wife for a sec or anybody else related to you. If you, sir, need to go buy something in bulk, where would you buy? Yasser El-Shimy: Costco? No question. David Gardner: Are you a member? Yasser El-Shimy: I am a member. Longtime member. David Gardner: Are you a shareholder? Yasser El-Shimy: I'm not, and not by choice. Basically, I'm not allowed to own any shares in any companies with exposures to food or drugs because my wife works at the FDA. David Gardner: Wow. That's really interesting and also very admirable. Every Motley Fool employee operates under the Motley Fool's rules of disclosure. That means that anybody can look up, even a brand-new employee who might be answering phones for us as their first job, if they own stocks, you can see what he or she has as tickers in their portfolio. But some of us abide by additional rules of disclosure that a partner or spouse might bring into that relationship. Thank you first of all for disclosing and sharing that. I'm sorry to hear that in part, because there are so many great companies in those industries. Yet Yasser, I see you smiling because there are lots of other great stocks outside those industries as well. Sounds like you would own some Costco if you could have? Yasser El-Shimy: Yes, I would own it if I could. I don't know about the valuation right now. I haven't looked at it recently because I am restricted out of it. But it's a conscious capitalists company, treats its workers well, offers great value proposition to its consumers. People who shop there are very loyal, and they stay with the business for years and years. I feel Costco treats its members right. That's the kind of company I'd like to invest in. David Gardner: Turning to you, Brian, do you shop at Costco ever? Brian Stoffel: I don't. We only have one in the area. We move to where we move because we don't really need our car that often, and so driving that far to one just doesn't make sense for where we live. David Gardner: I here you. But we all recognize what a wonderful company this is as Yasser eloquently conveyed in the stock. By the way, over the last 10 years, we already established the S&P 500 up a pretty good round number of 200 percent over the last 10 years as of today. Costco up 400 percent over the last 10 years. Doubling the markets returned 400 percent return is a 5-bagger for Costco shareholders over the last 10 years. The ticker symbol, as many Motley Fool members will know, is C-O-S-T pretty straightforward. Yasser, what is your range of market cap for Costco? Yasser El-Shimy: I would say that Costco's market cap range is between 235 billion to 267 billion. David Gardner: Two hundred and thirty five billion to 267 billion, earlier, Yasser, it seemed as if you've got a little jab in a Brian for selecting market cap, one of the range numbers that ended with a seven. Now I'm hearing you start to rock some sevens on the back end of your range numbers. Brian Stoffel: Are you trying to unlock my mind games, David? [laughs] Because you shouldn't, [laughs] you should be a neutral umpire here. David Gardner: I am. I'm just looking at Scanst. [laughs] But you're right. I need to return to neutrality. The truth is, I'm cheering for our listeners most of all, but I'm having so much fun with you guys. Brian, 235 billion to 267 billion inside or outside that range. Brian Stoffel: Boy, I was seeing below before. But then when I heard that it's a six bagger, I mean to say inside. David Gardner: It is outside that range, and for the record, it's actually a five-bagger, not a six-bagger. If it were a six-bagger, it would probably be inside that range. But as it turns out, Costco, talk about round numbers. Is it 200.11 billion? Let's just call it $200 billion today of market cap, which is an amazingly large number. About 1 tenth Apple. Unfortunately, under Yasser's range of 235 to 267, which means in this case, Yasser, you get the point, which means you've just taken a 5-4 lead in the market cap game show. Brian Stoffel, you have played previously twice. This is your third appearance of the Market Cap Game Show. The final scores of both of your previous games were 5-5, and 5-5. How confident are you feeling right now as we go to company Number 10? Brian Stoffel: Not very excited, I don't have the control. The person who stays inside or outside, they're the ones with the control. [laughs]. I'm just sitting in the passenger seat here. David Gardner: It is true as we turn to you for the final company, company Number 10. Let's play word association, Brian, you're ready? We'll present you a phrase, present me a word or phrase or maybe a few that come to mind as I say this phrase, female billionaire. Brian Stoffel: Oprah Winfrey. David Gardner: That's also who comes to mind first for me as well. Any others? Brian Stoffel: Female billionaire, Oprah Winfrey. I don't think I can't remember Lake was her last name from Stitch Fix but I don't think she was anymore. David Gardner: Katrina Lake, no, I don't think so either. Brian Stoffel: I don't think. David Gardner: How about J.K. Rowling, ever read Harry Potters? Brian Stoffel: I've heard of her, yeah. David Gardner: I think she makes the list. I think Queen Elizabeth also makes a list. Brian Stoffel: Yes. Yasser El-Shimy: Melinda Gates, perhaps. David Gardner: I think Melinda Gates would count. Mackenzie Bezos, I think she has to count. Yasser El-Shimy: I think Mackenzie Scott is her name now. David Gardner: Mackenzie Scott. Absolutely, is her name now. Thank you for that, Yasser. Well, there's another name we can add to this list and one that a fair number of Motley Fool members might recognize, and yet I think we highly over-index that way. I think most of the rest of the world doesn't know that much about Jayshree Ullal, the CEO of Arista Networks. The ticker symbol is A and E. I'm happy to say we first added this to the Motley Fool Rule Breakers scorecard on November 25th of 2014, it was David Kretzmann, longtime Fool, who picked it, and it's been a market crusher. Like a lot of stocks, it hasn't been so great the last year or so, and yet taken all-in-all, this comedy which ranks in the top 10 in our Motley Fool Stock Screener universe in terms of companies that we seem to favor going forward, Arista Networks, a lot of promise, some good performance behind the guys. We hope for even better performance going forward and Jayshree Ullal is the CEO of this company. She owns about five percent of the company. That would mean she's a billionaire at least, but I'll let you figure out Brian Stoffel what the market cap ranges that you'd like to specify for Arista Networks. Brian Stoffel: I stayed away from the company because of concentration risks that ended up being a good move in the short-term because some of their bigger customers pulled back and I forgot about it, and I remember Brian Feroldi told me, oh, no, it's doing really well. I'm going to go up, I'm going to say between 66 and 92 billion. David Gardner: Sixty six and $92 billion of generous range? Sixty six to $92 billion Arista Networks? Of course, a company that had a lot of challenges at networking company going in your face competing directly with Cisco and having some questions in terms of who owns what intellectual property which did drag down the stock for a while in the teens of the past decade, 66 billion to 92 billion, the range. Yasser, not going to say the pressure's on, but let's face it, the pressure is on. You have a lead right now, 5-4. This is your game to lose. Some people would say to win. This is your game to lose, Yasser, players at home 66-$92 billion. Before you give your answer, Yasser, do you want to share any thoughts? Yasser El-Shimy: Yeah. I know this has been a long-term winter for the Motley Fool, and I guess the company itself has done extremely well. Definitely direct beneficiary of the growth of datacenters. But it's not one that I own personally or one that I've studied as part of my work. David Gardner: It's a big world out there. There's so many different ways, I mean. Yasser El-Shimy: Yeah. David Gardner: Just think about what we've talked about this week, and I was pulling randomly from the Motley Fool universe. But we've talked about Apple, and we talked about Green Dot, [laughs] which is a partner of Apple. We talked about six flags and Union Pacific. We've talked about video game companies, both domestically and internationally, and here we are after Costco talking about a completely different company, Arista Networks. I'm going to ask you now point-blank. Yasser El-Shimy, inside Brian's range of 66-92 billion or outside Brian's range? Yasser El-Shimy: Just because I believe every single answer that I heard before was outside the range, I'm going to take a different track this time and say inside the range. David Gardner: Sure now, [laughs] that gives us the 5-5 finish that I think everyone wanted and some of us for saw, possibly from the dawn of time. Brian Stoffel, congratulations because it wasn't actually even close. It was much lower than the range that you specified. But this is one of those more opaque companies that, I mean, for a lot of Motley Fool, Rule Breaker members or Stock Advisor members, you might have owned this. My brother is a big fan of this company, has interviewed Jayshree personally, so you might have owned it over the years, but I think most people don't really know this company or much about its industry because it's a B2B company, let's face it. The market cap for Arista Networks is 27.87 billion, so well, lower outside Brian's range. But since Yasser said inside, that gave Brian the fifth point that he needed for his third consecutive tie, and because, gentlemen, we've tied, I think I might already be inviting you both on one quarter from now to join me in September to break, I think hope this tie, but maybe Brian in the end is our beginning and maybe everything circular and maybe you will just tie every time added for the item. Brian Stoffel: I'm OK with it now, the big thing is we just got to come up with the tiebreaker beforehand, just to not leave, you don't like the way that soccer with the two dove. I'm not as big a fan either. I'd love if they pull the player off the field every five minutes. Yasser El-Shimy: Like rapid-fire outside. Brian Stoffel: Yeah. Or even just like crowdsource it. [laughs]. David Gardner: Maybe I'll think about the equivalent of a shootout for overtime next time if we get another tie. But one thing is for sure each of you scored five, which is great, and listeners at home, if you scored at least five, give yourself a pat on the back, if you scored less, keep listening, keep getting smarter, happier and richer with us. If you scored more, let us know on Twitter, use the rarely used hashtag, hashtag I beat Brian and Yasser, [laughs] and maybe you too will appear on this show one day. Well, I want to thank my talented guests stars. Good nature as always I had a lot of fun with you guys, Brian, Yasser, thank you both. Yasser El-Shimy: Thank you, David. Brian Stoffel: Good game, Yasser. Yasser El-Shimy: Good game, Brian. David Gardner: You know 2468, who do we appreciate? [laughs] Do you remember that being forced to do that as kids? Brian Stoffel: Oh, yeah. David Gardner: Towards the end of soccer little league games. Yeah. We haven't done that traditionally on this show, but thank you guys. You are both great sports and I want to thank our listeners for joining us for this summer fun. I think this is a summer thrill that is probably not appreciated by enough people. The opportunity to kick around market caps and thinking about stocks in good years and bad, always fund four times a year, I think part of what makes the market cap gameshow specialist like holidays, doesn't recur that frequently, so it's more special when it comes around. [MUSIC] Next week is mailbag on this podcast, so rbi@fool.com is our email address. If you want to react to anything that you learnt this week or the other weeks for Rule Breaker Investing in this long hot month of June 2022. In the meantime, for Brian and for Yasser and for our 10 companies from Apple write-down degree that we bid a Foolish. I do. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Brian Stoffel has positions in Alphabet (A shares), Alphabet (C shares), and PayPal Holdings. David Gardner has positions in Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Apple, Middleby, and Walt Disney. Yasser El-Shimy has positions in Alphabet (A shares), Microsoft, and Walt Disney. The Motley Fool has positions in and recommends Activision Blizzard, Alphabet (A shares), Alphabet (C shares), Apple, Arista Networks, Cisco Systems, CoStar Group, Costco Wholesale, Meta Platforms, Inc., Microsoft, Middleby, PayPal Holdings, Six Flags, Stitch Fix, Walt Disney, and Xero. The Motley Fool recommends Green Dot Corporation , NetEase, The TJX Companies, and Union Pacific and recommends the following options: long January 2024 $145 calls on Walt Disney, long March 2023 $120 calls on Apple, short January 2024 $155 calls on Walt Disney, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-07-08,61.01,61.87,60.6283,61.8,
CSGP,2022-07-11,61.54,62.005,60.73,61.46,
CSGP,2022-07-12,61.17,61.805,59.42,59.7,
CSGP,2022-07-13,58.63,60.12,57.92,59.3,
CSGP,2022-07-14,58.98,59.25,57.54,57.94,
CSGP,2022-07-15,58.93,59.96,58.37,59.91,
CSGP,2022-07-18,60.17,60.7699,58.89,59.08,
CSGP,2022-07-19,59.88,61.2,59.26,61.13,"What the Cooling Rental Market Means for This Multifamily REIT The rental market, like the housing market, has experienced record year-over-year growth over the past two years. Rents rose as much as 17% at the peak in January 2022. But a recent report published by CoStar Group found that rental price growth was slowing across the country. So where does that leave Mid-America Apartment Communities (NYSE: MAA), one of the premier residential real estate investment trusts (REITs)? Here's a closer look. The Sun Belt is still shining According to CoStar Group's report, the Sun Belt and the South remain above the national average for rent growth. Markets like Orlando and Tampa, Florida; Charlotte, North Carolina; Nashville, Tennessee; Dallas, and Atlanta -- all of which are among Mid-America's top 10 markets by net operating income (NOI) -- are seeing rental rates rise by 10% or more. Mid-America's portfolio of 282 communities is almost exclusively located in the Sun Belt and the South. This gives the company a huge advantage given demand in these markets. In March 2022, around 15% of the company's new tenants came from states where it doesn't operate, like the Northeast or the West. The trend of moving south doesn't appear to be stopping. The REIT's effective rent per unit, which accounts for costs related to owning and managing the rental property, has grown by 14% quarter to date -- higher than all quarters over the last two years. Slowing growth doesn't mean no growth It's important for investors to keep in mind that slowing growth doesn't mean no growth. It simply means the rate at which we've seen rents rise won't be maintained at record levels. Double-digit year-over-year rental growth was never sustainable. It was a frenzy driven by a critically low housing supply. Rent growth that is slowing suggests the market is returning to more normalized levels, which isn't a bad thing. People will always need a place to live, and given that MAA serves middle- to higher-income earners in some of the hottest real estate markets in the country, it's positioned to maintain steady occupancy and demand. Mid-America has been able to operate profitability for over a decade growing its funds from operations (FFO), an important metric to show REIT profitability by 111% over the last 10 years. It also managed to outperform the S&P 500, providing an annualized return of 13% over the past decade. The company has accounted for slowing rental growth in its forecasts, yet still predicts its NOI will grow around 13.5% and effective rents to rise by 12%. Thanks to Mid America's robust redevelopment program, the company has 13,000 units it can improve to add value. Historically, its redevelopment and repositioning programs have increased the rental potential of those units by $120 on average. Economic concern regarding the changes in the housing market, high inflation, and rising interest rates have caused its share price to falter. The company is down 28% year to date despite the REIT maintaining impressive earnings. Its dividend return of 3% is about double that of the S&P 500, plus its price to FFO is around 17 times, meaning it's a great time for investors to jump into this top-performing REIT. 10 stocks we like better than Mid-America Apartment When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Mid-America Apartment wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2022 Liz Brumer-Smith has positions in Mid-America Apartment. The Motley Fool has positions in and recommends CoStar Group and Mid-America Apartment. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-07-20,61.56,62.855,61.39,62.3,
CSGP,2022-07-21,62.55,62.79,61.665,62.59,"CoStar Group (CSGP) to Post Q2 Earnings: What's in Store? CoStar Group CSGP is stated to report second-quarter 2022 earnings on Jul 26. The company expects second-quarter 2022 revenues between $529 and $534 million. Non-GAAP net income per share is anticipated between 20 to 21 cents based on 395 million shares. For the second quarter, the Zacks Consensus Estimate for revenues currently stands at $532 million, suggesting growth of 10.76% from the year-ago quarter. The consensus mark for second-quarter earnings remained unchanged at 21 cents per share over the past 30 days, indicating a decline of 19.23% from the year-ago quarter. The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 13.29%. CoStar Group, Inc. Price and EPS Surprise CoStar Group, Inc. price-eps-surprise | CoStar Group, Inc. Quote Factors to Note CoStar Group’s second-quarter performance is likely to have benefited from the launch of its new solutions like the CoStar lender products and Listing of the Future. These new solutions are expected to have separated the company’s product portfolio from its competitors and helped it in winning market share. The company launched CoStar lender products back in February, and it has already added over$1 million in annual revenues. The trend is expected to have continued in the to-be-reported quarter. CoStar Group-owned Apartments.com launched Listing of the Future after analyzing the current consumer demand through a survey of 45,000 renters, out of which 94% want unit-specific floor plans and availability, while 82% want specific information about the location of units in a building and 63% are interested in the unit’s view. Listing of the Future provides all of this information while eliminating time-consuming conversations between prospective renters and property managers. This leads to higher quality leads for each listing and is expected to have contributed to the company’s revenue growth as it has been experiencing more and more traffic on its online platform compared to its competitors like other online real estate market space peers Zillow Group, Inc. ZG and Redfin Corporation RDFN. While CSGP’s competitors, Zillow Group and Redfin Corporation, have been decreasing advertisement spending due to tighter market conditions, the company has been increasing its investments in advertisements and brand promotions on various social media platforms like Tiktok, Instagram, Snapchat, YouTube and Facebook. As a result, brand awareness about Apartments.Com has been increasing among customers, and property advertising has been increasing on the platform since March. Rising brand awareness along with better pricing power amid market volatility might have favored the top line and margins. The company’s expansion of operation in France, which is one of the most important real estate markets in the world with an estimated $40 billion in annual investment transaction value, might have acted as a catalyst in the quarter to be reported. However, rising inflation and the recent U.S. Federal Reserve rate hikes may have impacted the company’s top line negatively as demand for property renting might decline as mortgage rates go higher. Rising inflation has been leading to the underbuilding of new properties relative to demand in the United States. The elevated mortgage rates have been discouraging homebuilders from starting new projects, which has led to a reduction in the number of properties people can actually rent. This might have weighed on the to-be-reported quarter’s performance. What Our Model Unveils Our proven model predicts an earnings beat for CoStar Groupthis time around. Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here. CoStar Group has a Zacks Rank #2 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. A Stock to Consider Here is a company worth considering, as our model shows that it has the right combination of elements to beat on earnings in its upcoming release: Dell Technologies DELL has an Earnings ESP of +3.07% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here. Dell’s shares have fallen 20.5% in the year-to-date period compared with the Zacks Computer and Technology sector’s decline of 39.3%. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Zillow Group, Inc. (ZG): Free Stock Analysis Report Redfin Corporation (RDFN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-07-22,62.5,62.93,61.44,61.81,
CSGP,2022-07-25,61.8,62.15,60.55,61.59,
CSGP,2022-07-26,61.53,61.53,60.27,60.7,"[""CoStar Group (CSGP) Q2 Earnings and Revenues Surpass Estimates CoStar Group (CSGP) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.28 per share when it actually produced earnings of $0.31, delivering a surprise of 10.71%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $536.31 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 0.81%. This compares to year-ago revenues of $480.33 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CoStar shares have lost about 22.1% since the beginning of the year versus the S&P 500's decline of -16.8%. What's Next for CoStar? While CoStar has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CoStar: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.21 on $551.47 million in revenues for the coming quarter and $1.02 on $2.16 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Vertiv Holdings Co. (VRT), another stock in the same industry, has yet to report results for the quarter ended June 2022. The results are expected to be released on August 3. This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of -67.7%. The consensus EPS estimate for the quarter has been revised 14% lower over the last 30 days to the current level. Vertiv Holdings Co.'s revenues are expected to be $1.33 billion, up 5.7% from the year-ago quarter. This Little-Known Semiconductor Stock Could Lead to Big Gains for Your Portfolio The significance of semiconductors can't be overstated. Your smartphone couldn't function without it. Your personal computer would crash in minutes. Digital cameras, washing machines, refrigerators, ovens. You wouldn't be able to use any of them without semiconductors. Disruptions in the supply chain have given semiconductors tremendous pricing power. That's why they present such a tremendous opportunity for investors. And today, in a new free report, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most. It's yours free and with no obligation. >>Give me access to my free special report. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Vertiv Holdings Co. (VRT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, Inc. Q2 Profit Increases, beats estimates (RTTNews) - CoStar Group, Inc. (CSGP) released a profit for its second quarter that increased from the same period last year and beat the Street estimates. The company's bottom line came in at $83 million, or $0.21 per share. This compares with $61 million, or $0.16 per share, in last year's second quarter. Excluding items, CoStar Group, Inc. reported adjusted earnings of $112 million or $0.28 per share for the period. Analysts on average had expected the company to earn $0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 11.7% to $536 million from $480 million last year. CoStar Group, Inc. earnings at a glance (GAAP) : -Earnings (Q2): $83 Mln. vs. $61 Mln. last year. -EPS (Q2): $0.21 vs. $0.16 last year. -Analyst Estimate: $0.21 -Revenue (Q2): $536 Mln vs. $480 Mln last year. -Guidance: Next quarter EPS guidance: $0.23-$0.25 Next quarter revenue guidance: $552-557 Mln Full year EPS guidance: $1.09-$1.13 Full year revenue guidance: $2.16-$2.2.18 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-07-27,64.0,69.685,63.82,69.68,"[""CoStar Group (CSGP) Q2 Earnings Top Estimates, Revenues Up Y/Y CoStar Group CSGP reported second-quarter 2022 non-GAAP earnings of 28 cents per share, which beat the Zacks Consensus Estimate by 33.33% and improved 7.7% year over year. Revenues of $536 million beat the Zacks Consensus Estimate by 0.81% and increased 12% year over year. The revenue growth was led by three main products of the company, CoStar, Apartments.com and LoopNet, which experienced an exceptional sales quarter with a combined 81% growth on a year-over-year basis. Annualized net new sale bookings led by the three main products were $84 million, reflecting a 66% increase year over year. CoStar Group, Inc. Price, Consensus and EPS Surprise CoStar Group, Inc. price-consensus-eps-surprise-chart | CoStar Group, Inc. Quote Top Line Details CoStar revenues (38.5% of revenues) increased 17% year over year to $206.57 million. CoStar net new sales bookings increased 60% from the year-ago quarter as a result of the development of new products like hospitality data addition, integrated CMBS data and analytics, and the new lender product that attracted new customers. In the CoStar business segment, Apartments.com net new sales bookings surged a whopping 138% year over year as apartment vacancy rates increased, leading to raised apartment advertisements. Apartment construction levels have risen, which increased the number of apartments to be given out for rent, thus impacting revenues generated from Apartments.Com positively. Information Services (7.2% of revenues) increased 10% year over year to $38.5 million. The surge in revenues can be attributed to the Business Immo acquisition, which contributed to the information services revenues. Multifamily revenues (34% of revenues) increased 6.4% year over year to $182.4 million. The improvement in multifamily revenues was owing to the vacancy rates going up; however, it is still reeling from the post-effects of the pandemic as vacancy rates are still not at the pre-pandemic levels. LoopNet revenues (10.5% of revenues) were up 10.2% year over year to $56.30 million. The recent surge in LoopNet\u2019s revenues was due to the positive ROI generated from the investment to relaunch LoopNet in Canada. The number of monthly unique visitors on the Canadian LoopNet network surged 45% year over year, which contributed to an increase in revenues. Second-quarter Residential revenues (3.8% of revenues) were $20 million, which increased 40% compared with the second quarter of 2021 on the back of Homesnap business development. Revenues from Pro+ products grew 46% year over year, which benefited the residential revenues. Other marketplace revenues (6.06% of revenues) increased 17.3% year over year to $32.43 million. Operating Details Both selling and marketing and software development expenses, as a percentage of revenues, decreased 50 bps. General & administrative expenses increased 230 bps as a percentage of revenues, while customer base amortization expenses increased by 100 bps. Adjusted EBITDA margin in the second quarter of 2022 was 30% compared with 31% in the year-ago quarter. Balance Sheet and Cash Flow Statement CSGP reported cash, cash equivalents and restricted cash of $4 billion as of Jun 30, 2022, compared with $3.93 billion as of Mar 31, 2022. The company, however, had long-term debt of $1 billion as of Jun 30, 2022, compared with $988.27 million as of Mar 31, 2022. It generated $212 million in cash from operations compared with $130.81 million in the previous quarter. Guidance Third-quarter 2022 revenues are expected between $552 million and $557 million, indicating growth of 11%. The company has raised its revenue guidance to a range of $2.165 billion to $2.180 billion for the full year of 2022, an increase of $13 million at the mid-point of the range compared with the prior outlook. The company expects adjusted EBITDA in the range of $130 million to $140 million. For the full year, CSGP raised its adjusted EBITDA guidance to a range of $610 million to $630 million, which reflects an increase of $20 million at the mid-point. Third-quarter 2022 non-GAAP net income per diluted share is expected between 23 cents and 25 cents based on 395 million shares. Full-year non-GAAP net income per diluted share is expected between $1.09 and $1.13 based on 395 million shares. Zacks Rank & Other Stocks to Consider CoStar currently carries a Zacks Rank #2 (Buy). CSGP\u2019s shares have fallen 23.2% compared with the Zacks Computer and Technology sector\u2019s decline of 29.4% in the year-to-date period. Here are some top-ranked stocks worth considering in the broader sector. Ballard Power Systems BLDP carries a Zacks Rank #2. You can see the complete list of today\u2019s Zacks #1 Rank (Strong Buy) stocks here. Ballard\u2019s shares have fallen 45.1% in the year-to-date period compared with the Zacks Electronics - Miscellaneous Components industry\u2019s decline of 23.7%. BLDP is scheduled to report second-quarter 2022 results on Aug 10. Aspen Technology AZPN carries a Zacks Rank #2. Aspen\u2019s shares have returned 22.3% in the year-to-date period against the Zacks Internet - Software industry\u2019s decline of 52.6%. AZPN is scheduled to report second-quarter 2022 results on Aug 8. Dell Technologies DELL carries a Zacks Rank #2. Dell\u2019s shares have fallen 22.3% in the year-to-date period compared with the Zacks Computers - IT Services industry\u2019s decline of 34.6%. AZPN is scheduled to report second-quarter 2022 results on Aug 25. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500\u2019s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don\u2019t miss your chance to get in\u2026because the sooner you do, the more upside you stand to grab. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dell Technologies Inc. (DELL): Free Stock Analysis Report Ballard Power Systems, Inc. (BLDP): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Aspen Technology, Inc. (AZPN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Why Shares of CoStar Rose Today What happened Shares of the online real estate company CoStar Group (NASDAQ: CSGP) rose roughly 14.8% today after the company reported strong earnings results for the second quarter of the year. So what CoStar reported $83 million of profit in the second quarter on total revenue of $536 million, both numbers that topped analyst expectations for the quarter. \""We delivered outstanding results in the second quarter of 2022,\"" CoStar's CEO Andrew C. Florance said in a statement. \""With net new bookings of $84 million we easily surpassed the record sales results we set in the first quarter of this year. Our top three products, CoStar, Apartments.com and LoopNet, all achieved high double-digit sales increases over the second quarter of 2021.\"" Furthermore, the company raised its outlook. CoStar now expects revenue to finish the full year of 2022 at $2.165 billion to $2.18 billion, which is $13 million higher at the midpoint compared to previous guidance. CoStar also now expects adjusted earnings for 2022 to come in between $1.09 and 1.13 based on 395 million outstanding shares, which represents an $0.11 boost from management's previous guidance. Now what CoStar just turned in a strong quarter amid a difficult economic backdrop and raised guidance, which should give shareholders confidence in the company moving forward. Also, with the Federal Reserve indicating this afternoon that the pace of interest rate hikes may start to soon slow, that could lead to lower mortgage rates, which generally create more demand in the real estate market and for real estate companies. 10 stocks we like better than CoStar Group When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of July 27, 2022 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Breaks Above 200-Day Moving Average - Bullish for CSGP In trading on Wednesday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed above their 200 day moving average of $69.22, changing hands as high as $69.69 per share. CoStar Group, Inc. shares are currently trading up about 14.8% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $49 per share, with $101.05 as the 52 week high point \u2014 that compares with a last trade of $69.68. Click here to find out which 9 other stocks recently crossed above their 200 day moving average \u00bb The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-07-28,69.85,71.26,69.34,70.92,"Why the CoStar Group Popped 15.7% This Week What happened Shares of CoStar Group (NASDAQ: CSGP) popped as much as 15.7% this week, according to data from S&P Global Market Intelligence. The company, which operates real estate platforms CoStar, Apartments.com, and LoopNet, posted solid earnings results for the second quarter. After the market close on Thursday, the stock is up 14.7% this week. So what CoStar released its second-quarter earnings report on July 26. Revenue grew 12% year over year to $536 million, slightly beating analyst expectations. Non-GAAP (adjusted) earnings per share (EPS) hit $0.28, beating consensus analyst estimates by 33%. This earnings beat is likely why CoStar's stock rose so much in the days following the results. Looking deeper into the results, CoStar is seeing strong growth from both Apartments.com and LoopNet. Net new bookings at Apartments.com grew 130% year over year, showing how strong the rental market is right now. LoopNet, which is a commercial property real estate platform, grew bookings 40% year over year as the market continued to recover from the pandemic work-from-home trend. Because of these results and trends within its business, CoStar raised its full-year guidance by $13 million to a range of $2.165 billion to $2.18 billion. While it was only a slight change, investors were likely optimistic about this news. Lastly, CoStar benefited from a rise in the broad market this week. As of this writing, the S&P 500 has been up almost 2% in the last five trading days, showing optimism among investors this earnings season. Now what Right now, CoStar has a market cap of $28 billion. Over the last 12 months, it has generated $1.6 billion in gross profit and $445 million in free cash flow. This puts the stock at a price-to-gross-profit (P/GP) ratio of 17.5 and a price-to-free-cash-flow (P/FCF) ratio of 63. Both are much higher than the market average, giving CoStar a premium valuation at the moment. What does this mean? If you plan on buying shares of CoStar Group, you need to be confident that both revenue and cash flow will grow at a high rate for many years. At current prices, forward returns for shareholders will be poor if this doesn't happen. 10 stocks we like better than CoStar Group When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now… and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of July 27, 2022 Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-07-29,70.39,72.74,70.39,72.59,
CSGP,2022-08-01,71.92,72.255,70.88,71.16,
CSGP,2022-08-02,70.59,71.82,70.15,70.99,
CSGP,2022-08-03,71.31,73.08,71.26,72.52,
CSGP,2022-08-04,72.69,72.97,71.3401,72.87,
CSGP,2022-08-05,71.66,72.93,71.52,72.87,
CSGP,2022-08-08,72.95,73.86,72.5,72.87,"This Insider Has Just Sold Shares In CoStar Group, Inc. (NASDAQ:CSGP) Anyone interested in CoStar Group, Inc. (NASDAQ:CSGP) should probably be aware that a company insider, Michael Desmarais, recently divested US$145k worth of shares in the company, at an average price of US$72.51 each. However, the silver lining is that the sale only reduced their total holding by 5.3%, so we're hesitant to read anything much into it, on its own. CoStar Group Insider Transactions Over The Last Year The Senior Vice President of Global Operations, Lisa Ruggles, made the biggest insider sale in the last 12 months. That single transaction was for US$1.3m worth of shares at a price of US$59.88 each. So it's clear an insider wanted to take some cash off the table, even below the current price of US$72.87. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 13% of Lisa Ruggles's stake. Insiders in CoStar Group didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction! NasdaqGS:CSGP Insider Trading Volume August 8th 2022 I will like CoStar Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying. Does CoStar Group Boast High Insider Ownership? Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. CoStar Group insiders own 1.1% of the company, currently worth about US$311m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. So What Do The CoStar Group Insider Transactions Indicate? Insiders haven't bought CoStar Group stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. On the plus side, CoStar Group makes money, and is growing profits. It is good to see high insider ownership, but the insider selling leaves us cautious. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of CoStar Group. Of course CoStar Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-08-09,72.38,73.43,71.67,72.89,
CSGP,2022-08-10,74.41,74.815,73.83,74.73,
CSGP,2022-08-11,74.7,75.96,73.69,73.86,
CSGP,2022-08-12,74.04,75.18,73.82,75.06,
CSGP,2022-08-15,74.55,75.66,74.55,75.39,
CSGP,2022-08-16,74.7,75.59,74.7,75.13,
CSGP,2022-08-17,74.38,74.82,73.49,73.5,
CSGP,2022-08-18,73.67,73.735,73.18,73.5,
CSGP,2022-08-19,72.57,72.8,71.57,71.74,
CSGP,2022-08-22,71.04,71.69,70.625,71.57,
CSGP,2022-08-23,71.07,72.23,71.07,71.44,
CSGP,2022-08-24,71.4,71.82,70.92,71.05,
CSGP,2022-08-25,71.62,72.67,70.91,72.5,
CSGP,2022-08-26,72.11,72.445,70.15,70.32,
CSGP,2022-08-29,69.99,70.5,69.56,69.89,"Should Invesco NASDAQ Next Gen 100 ETF (QQQJ) Be on Your Investing Radar? Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the Invesco NASDAQ Next Gen 100 ETF (QQQJ) is a passively managed exchange traded fund launched on 10/13/2020. The fund is sponsored by Invesco. It has amassed assets over $847.70 million, making it one of the average sized ETFs attempting to match the Large Cap Growth segment of the US equity market. Why Large Cap Growth Companies that fall in the large cap category tend to have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies. While growth stocks do boast higher than average sales and earnings growth rates, and they are expected to grow faster than the wider market, investors should note these kinds of stocks have higher valuations. Also, growth stocks are a type of equity that carries more risk compared to others. Even though growth stocks are more likely to outperform their value counterparts in strong bull markets, value stocks have a record of delivering better returns in almost all markets than growth stocks. Costs Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio. Annual operating expenses for this ETF are 0.15%, making it one of the least expensive products in the space. It has a 12-month trailing dividend yield of 1.25%. Sector Exposure and Top Holdings Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. This ETF has heaviest allocation to the Information Technology sector--about 35.40% of the portfolio. Healthcare and Consumer Discretionary round out the top three. Looking at individual holdings, Enphase Energy Inc (ENPH) accounts for about 2.20% of total assets, followed by Costar Group Inc (CSGP) and Coca-Cola Europacific Partners Plc (CCEP). The top 10 holdings account for about 18.87% of total assets under management. Performance and Risk QQQJ seeks to match the performance of the NASDAQ NEXT GENERATION 100 INDEX before fees and expenses. The NASDAQ Next Generation 100 Index comprises of securities of the next generation of Nasdaq-listed non-financial companies; that is, the largest 100 Nasdaq-listed companies outside of the NASDAQ-100 Index. The ETF has lost about -23.54% so far this year and is down about -24.59% in the last one year (as of 08/29/2022). In the past 52-week period, it has traded between $22.28 and $36.23. The ETF has a beta of 1.13 and standard deviation of 25.79% for the trailing three-year period. With about 99 holdings, it effectively diversifies company-specific risk. Alternatives Invesco NASDAQ Next Gen 100 ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, QQQJ is a sufficient option for those seeking exposure to the Style Box - Large Cap Growth area of the market. Investors might also want to consider some other ETF options in the space. The Vanguard Growth ETF (VUG) and the Invesco QQQ (QQQ) track a similar index. While Vanguard Growth ETF has $75.33 billion in assets, Invesco QQQ has $171.24 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%. Bottom-Line Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco NASDAQ Next Gen 100 ETF (QQQJ): ETF Research Reports Invesco QQQ (QQQ): ETF Research Reports CoStar Group, Inc. (CSGP): Free Stock Analysis Report Enphase Energy, Inc. (ENPH): Free Stock Analysis Report Vanguard Growth ETF (VUG): ETF Research Reports CocaCola Europacific Partners (CCEP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-08-30,70.07,70.75,69.08,69.71,
CSGP,2022-08-31,70.11,70.71,69.58,69.64,
CSGP,2022-09-01,69.04,70.03,67.52,69.99,
CSGP,2022-09-02,70.67,72.61,69.7,70.89,
CSGP,2022-09-06,75.0,76.92,74.69,76.2,"CoStar Group Rally Continues (RTTNews) - CoStar Group, Inc. (CSGP) shares are trading more than 6 percent on Tuesday morning, continuing an uptrend since September first week. On September 2, CoStar Group replaced PVH Corp. (PVH) in the S&P 500. There were no corporate announcements on the day to influence the stock movement. Currently, shares are at $75.39, up 6.35 percent from the previous close of $70.89 on a volume of 1,859,528. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-09-07,75.68,78.35,75.42,78.07,"[""CoStar (CSGP) Moves 7.5% Higher: Will This Strength Last? CoStar Group (CSGP) shares rallied 7.5% in the last trading session to close at $76.20. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.7% loss over the past four weeks. The recent surge in CoStar\u2019s share price can be attributed to solid growth in its three main products, namely CoStar, Apartments.com and LoopNet. CoStar\u2019s net new sales bookings are continuously increasing as a result of the development of new products like hospitality data addition, integrated CMBS data and analytics, and the new lender product, which are attracting new customers. As a result, CSGP is expecting its top line to grow in the coming quarters. This commercial real estate information and marketing provider is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of -4%. Revenues are expected to be $554.97 million, up 11.1% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For CoStar, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CSGP going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> CoStar is a member of the Zacks Computers - IT Services industry. One other stock in the same industry, Dynatrace (DT), finished the last trading session 3.9% higher at $38.18. DT has returned -12.6% over the past month. Dynatrace's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.18. Compared to the company's year-ago EPS, this represents no change. Dynatrace currently boasts a Zacks Rank of #3 (Hold). Want to Know the #1 Semiconductor Stock for 2022? Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries. This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most. Today, it's yours free with no obligation. >>Give me access to my free special report. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Dynatrace, Inc. (DT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group's (NASDAQ:CSGP) five-year earnings growth trails the 22% YoY shareholder returns When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. For instance, the price of CoStar Group, Inc. (NASDAQ:CSGP) stock is up an impressive 170% over the last five years. On top of that, the share price is up 24% in about a quarter. After a strong gain in the past week, it's worth seeing if longer term returns have been driven by improving fundamentals. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Over half a decade, CoStar Group managed to grow its earnings per share at 23% a year. That makes the EPS growth particularly close to the yearly share price growth of 22%. This indicates that investor sentiment towards the company has not changed a great deal. Rather, the share price has approximately tracked EPS growth. You can see below how EPS has changed over time (discover the exact values by clicking on the image). NasdaqGS:CSGP Earnings Per Share Growth September 7th 2022 We know that CoStar Group has improved its bottom line lately, but is it going to grow revenue? If you're interested, you could check this free report showing consensus revenue forecasts. A Different Perspective While it's certainly disappointing to see that CoStar Group shares lost 13% throughout the year, that wasn't as bad as the market loss of 19%. Longer term investors wouldn't be so upset, since they would have made 22%, each year, over five years. In the best case scenario the last year is just a temporary blip on the journey to a brighter future. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Even so, be aware that CoStar Group is showing 1 warning sign in our investment analysis , you should know about... If you are like me, then you will not want to miss this free list of growing companies that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-09-08,77.24,79.255,77.04,78.56,
CSGP,2022-09-09,78.41,79.14,77.83,78.42,
CSGP,2022-09-12,78.32,79.145,77.31,78.44,
CSGP,2022-09-13,76.78,78.15,76.3,76.64,
CSGP,2022-09-14,74.73,75.57,72.81,73.97,"[""Why Stocks Will Surge 20%+ Despite August Inflation Fallout InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Shutterstock Wall Street had its worst day in over two years Tuesday after the August consumer inflation report came in hotter than expected. The Dow Jones dropped 1,300 points. The S&P 500 shed 4.3%. The Nasdaq tumbled 5.2%. Cryptos lost more than 10%. It was an ugly day on Wall Street. But it was also a gross overreaction. There are five major reasons the stock market should rebound from Tuesday\u2019s big inflation crash and continue its summer rally. Based on our fundamental and technical analysis, we think the market will rally 20% into December. And certain high-growth breakout stocks will surge 50% higher or more. Here\u2019s why. 1: Inflation Is STILL Falling So, what was lost in all the rhetoric yesterday about how \u201cbad\u201d the August inflation print was? The fact that inflation rates are still falling. Consumer prices rose 9.1% in June. They rose 8.5% in July and 8.3% in August. Now, I\u2019m no mathematics wizard, but I\u2019m pretty sure that 8.3% is less than 8.5% \u2013 and that both are less than 9.1%. Clearly, inflation is still falling. Therefore, everyone isn\u2019t freaking out because inflation has suddenly heated back up. It hasn\u2019t. Instead, everyone is freaking out because inflation didn\u2019t cool down as much as expected. Specifically, it cooled down by 20 basis points and not the 40 anticipated. In other words, the stock market had its worst day in two years because of 20 basis points. That\u2019s 0.2%. We dropped more than 5% on the Nasdaq because of a 0.2% miss on headline inflation. And that headline inflation is STILL trending in the right direction (lower). Seem like an overreaction? It is. Everyone\u2019s extrapolating too much from too little here. There\u2019s a lot of noise in the CPI calculations. Month to month, you can get a lot of variances in the numbers. Investors shouldn\u2019t react to slight beats and misses but, rather, pay attention to the trends. The trend has been, still is, and will likely remain decelerating inflation. Therefore, following yesterday\u2019s kneejerk and snowball reaction, investors should come to more rational senses in the days ahead. \u201cWait a minute\u2026 that inflation print wasn\u2019t so bad\u2026 maybe we should buy this dip\u2026\u201d A short-term rebound seems likely. 2: Stubbornly-High Shelter Costs Are Just Now Starting to Fall If you dig into yesterday\u2019s inflation, you\u2019ll find something a bit shocking. The \u201cbeat\u201d was pretty much entirely driven by shelter costs. That is, most components of the CPI dropped in August. The percentage of CPI components growing by more than 4% annually dropped by 200 basis points in August. Disinflation was found everywhere in the print, except for one place \u2013 shelter costs. Rents and home prices stayed stubbornly high in August. And because shelter costs are such a huge portion of consumer budgets, these stubbornly high shelter costs pulled inflation rates higher. Absent the shelter costs, inflation rates would\u2019ve plunged last month. Here\u2019s the bullish thing. Rents and home prices are just now starting to fall. For the first time in 20 months, asking rental prices in the U.S. dropped in August 2022, according to CoStar Group (CSGP). That\u2019s important because asking prices are a leading indicator of actual rental prices. If asking prices dropped for the first time in August 2022, real rental costs will likely start dropping in September or October \u2013 the next inflation print, not this one. To be sure, it was just a 0.1% drop in July 2022. But a drop is a drop. And it\u2019s the first one since December 2020 (when inflation started becoming a problem). According to CoStar\u2019s National Director: \u201cWe\u2019re seeing a complete reversal of market conditions in just 12 months, going from demand significantly outstripping available units to now new deliveries outpacing lackluster demand.\u201d Meanwhile, in the housing market, home prices declined in July 2022 for the first time in nearly three years, according to BlackKnight. That drop was more significant \u2013 0.8% \u2013 the largest monthly drop since January 2011. Things have slowed even further since then. According to the most recent batch of data from Redfin (RDFN), 20% of home sellers dropped their asking prices in August. Median list prices dropped 3%. And the average home sold in August actually sold for less than its list price \u2013 a first in over 17 months. The big picture: Shelter costs are starting to come down in a big way. That\u2019ll show up in the next inflation print and the one after that and the one after that. So, in context, this month\u2019s inflation \u201cbeat\u201d should prove to be an anomaly. Inflation rates will likely fall by more than 50 basis points in each of the next few months. If that happens, stocks will roar back to life into the end of the year. 3: The Market Is Way Overpricing Hawkish Fed Policy In response to the hotter-than-expected August inflation print, the market revised its future Fed rate hike expectations higher. Makes sense. But the revision is way overdone. Yesterday, the market strongly believed that the Fed would hike 75 basis points. Odds of a 75-basis-point hike stood at 91%. Some folks thought the Fed would be more dovish. The odds of a 50-basis-point hike were 9%. But the odds of a jumbo 100-basis-point hike were zero. It wasn\u2019t even in the realm of possibility. One not-that-hot inflation report later, and the market is now at 33% odds of a 100-basis-point hike. In other words, in 24 hours, the market has gone from thinking that the Fed will 100% either hike 50 or 75 basis points to thinking there\u2019s a significant chance the Fed hikes 100 basis points. That\u2019s a sharp pivot. Indeed, it\u2019s too sharp. This Fed does not like to surprise markets. A 100-basis-point move would be a surprise move. Not to mention, many FOMC members have stressed many times over the past few weeks and months that 75-basis-point hikes are enormous by themselves and that 100 basis points is a bit \u201coverkill.\u201d Could the Fed hike 100 basis points in two weeks? Yes. Are the odds of that hike as high as 30%? No. They\u2019re more like 5%. Therefore, we think the market needs to recalibrate its rate-hike expectations toward more rational levels. As it does, stocks should rebound. 4: The Stock Market Remains in a Technical Uptrend Yesterday\u2019s selloff was nasty. But all it really did was wipe out about four days\u2019 worth of gains. We are simply back to where we were four days ago \u2013 and actually a little bit higher. We are most certainly well above the lows of June. To that end, this selloff has happened within the bounds of a technical uptrend that the market\u2019s formed since June. Since then, the S&P 500 has formed a clear uptrend channel with a very reliable support line that\u2019s been tested by three local minimums. It was tested a fourth time yesterday, and we held. Just as important, this upward-sloping support line from mid-June is getting close to converging on a downward-sloping resistance line from early January. This technical formation is called a \u201csymmetrical triangle.\u201d Typically, when a symmetrical triangle forms and converges, the convergence sparks either a breakout or breakdown, depending on the course of the asset heading into the triangle. If heading higher, the symmetrical triangle usually results in a breakout. If heading lower, the symmetrical triangle usually results in a breakdown. Thanks to the summer rally, stocks are heading into this symmetrical triangle on an uptrend. Therefore, textbook technical analysis tells us that the convergence of this triangle will spark a technical breakout. If so, we see more than 20% upside in the S&P 500 into the end of the year. If we do get that big rally in stocks, certain high-growth breakout stocks are going to soar a lot more! 5: An Ultra-Rare, 100%-Accurate Contrarian Buying Indicator Flashed Yesterday Stocks fell by the most they have in over two years yesterday. But something else also happened for the first time in two years. Not a single big tech stock rose. That is, not a single stock in the Nasdaq 100 rose yesterday. Not one! All 100 declined! That\u2019s incredibly rare. The last time it happened? March 12, 2020. You know what happened a week later? Stocks bottomed from their Covid selloff and roared higher into a new bull market. This is not an anomaly. It happens every time. Over the past 30 years, there have been only 13 days when every stock in the Nasdaq 100 closed lower. Nearly 80% of the time, stocks were higher three months later. About 85% of the time, they were higher six months later. And every single time, stocks were higher a year later, with an average gain of over 20%! In other words, this is yet another 100% accurate historical technical indicator that suggests tech stocks will rally big over the next year. As much as I love a good argument, that\u2019s something not worth arguing over. The conclusion is pretty clear. It\u2019s a great time to buy tech stocks so long as you\u2019re planning on holding for at least a year. The Final Word on August\u2019s Inflation Fiasco Yesterday sucked. Let\u2019s not sugarcoat it. It was the worst day of the year for Wall Street. In fact, it was the worst day in over two years for stocks. And by many metrics, it was the worst day since a pandemic shut down the global economy back in March of 2020. But for all the \u201cbad\u201d that yesterday was, the stock market is simply back to where it was four days ago. Many growth stocks are back to where they were just two days ago! In other words, we just had one of the worst days in years for the stock market. And yet, we only gave up a few days\u2019 worth of gains. Keep that in mind before you get spooked by yesterday\u2019s selloff. Was it awful? Yes. Does it change anything? Not really. Headline inflation rates are still falling. The one component of inflation that remains hot \u2013 shelter costs \u2013 is rolling over as we speak. That\u2019ll show up in next month\u2019s print. The Fed is still due for a 2023 pivot as inflation crashes. Stocks remain in a technical uptrend. Bullish sentiment and technical indicators are flashing everywhere. Valuations remain discounted. Honestly, after yesterday\u2019s huge selloff, we are as bullish as ever. Fortunes aren\u2019t free. And if you want to make fortunes in the stock market by investing in bear-to-bull-market transitions \u2013 which is the best way to do it \u2013 volatility like yesterday is simply the price of admission. Pay it. You won\u2019t be sorry. By simply ignoring the day-to-day volatility and staying focused on the generational market turnaround at hand, you stand to make fortunes in the market over the next 12 months. On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. The post Why Stocks Will Surge 20%+ Despite August Inflation Fallout appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Sets $750 Mln Share Offering Ahead Of S&P 500 Index Entry (RTTNews) - CoStar Group, Inc. (CSGP), a provider of online real estate marketplaces, information and analytics, on Wednesday announced public offering of $750 million shares at the time of its inclusion into the S&P 500 index. On September 2, S&P had announced its decision to include CoStar into the S&P 500 index prior to the open of trading on September 19. CoStar plans to market the offering to those S&P 500 index funds having interest in buying shares ahead of S&P 500 index entry. The company intends to use the net proceeds to fund the costs of any future strategic acquisitions, grow its business and other general corporate purposes. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-09-15,73.28,74.88,71.855,72.49,
CSGP,2022-09-16,71.07,72.13,69.92,70.45,"After Hours Most Active for Sep 16, 2022 : NLY, INVH, CSGP, PENN, AEO, HPP, AAPL, VZ, INTC, HOOD, INFY, RIVN The NASDAQ 100 After Hours Indicator is down -.73 to 11,860.65. The total After hours volume is currently 446,918,710 shares traded. The following are the most active stocks for the after hours session: Annaly Capital Management Inc (NLY) is +0.04 at $6.08, with 45,908,888 shares traded. NLY's current last sale is 90.07% of the target price of $6.75. Invitation Homes Inc. (INVH) is unchanged at $36.86, with 25,760,854 shares traded. As reported by Zacks, the current mean recommendation for INVH is in the ""buy range"". CoStar Group, Inc. (CSGP) is unchanged at $70.45, with 17,915,443 shares traded. As reported by Zacks, the current mean recommendation for CSGP is in the ""buy range"". PENN Entertainment, Inc. (PENN) is unchanged at $30.56, with 14,737,810 shares traded. As reported by Zacks, the current mean recommendation for PENN is in the ""buy range"". American Eagle Outfitters, Inc. (AEO) is -0.05 at $10.90, with 14,211,060 shares traded. AEO's current last sale is 90.83% of the target price of $12. Hudson Pacific Properties, Inc. (HPP) is unchanged at $12.98, with 13,291,733 shares traded. HPP's current last sale is 76.35% of the target price of $17. Apple Inc. (AAPL) is -0.1 at $150.60, with 13,102,184 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the ""buy range"". Verizon Communications Inc. (VZ) is +0.03 at $41.28, with 9,226,467 shares traded. VZ's current last sale is 75.05% of the target price of $55. Intel Corporation (INTC) is -0.01 at $29.23, with 8,683,945 shares traded. INTC's current last sale is 79% of the target price of $37. Robinhood Markets, Inc. (HOOD) is +0.04 at $10.29, with 8,618,695 shares traded. HOOD's current last sale is 102.9% of the target price of $10. Infosys Limited (INFY) is +0.04 at $17.42, with 8,413,115 shares traded., following a 52-week high recorded in today's regular session. Rivian Automotive, Inc. (RIVN) is -0.0608 at $39.20, with 7,842,678 shares traded. RIVN's current last sale is 65.33% of the target price of $60. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-09-19,69.91,72.2,69.75,72.07,
CSGP,2022-09-20,71.54,71.54,70.191,70.78,
CSGP,2022-09-21,71.26,73.0,69.65,69.65,
CSGP,2022-09-22,69.31,70.54,68.16,70.1,
CSGP,2022-09-23,69.94,69.94,68.18,69.57,
CSGP,2022-09-26,69.54,71.55,69.39,69.59,
CSGP,2022-09-27,69.62,70.65,69.17,70.01,
CSGP,2022-09-28,70.56,72.32,70.46,72.23,
CSGP,2022-09-29,71.47,71.97,69.93,70.69,
CSGP,2022-09-30,70.83,71.89,69.59,69.65,
CSGP,2022-10-03,70.16,72.44,69.605,71.99,
CSGP,2022-10-04,73.33,74.48,73.01,73.77,
CSGP,2022-10-05,73.56,74.97,72.55,74.4,
CSGP,2022-10-06,73.82,75.82,73.72,75.21,
CSGP,2022-10-07,74.15,74.675,73.15,73.47,
CSGP,2022-10-10,73.5,73.52,71.815,72.71,"S&P 500 Analyst Moves: CSGP The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, CoStar Group, is now the #120 analyst pick, moving up by 1 spot. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values. Looking at the stock price movement year to date, CoStar Group, is lower by about 8.3%. VIDEO: S&P 500 Analyst Moves: CSGP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-10-11,72.2,73.84,71.36,72.37,
CSGP,2022-10-12,72.42,72.545,71.43,71.45,
CSGP,2022-10-13,69.3,72.27,68.86,71.67,"CoStar Group, Inc.'s (NASDAQ:CSGP) Stock Is Going Strong: Have Financials A Role To Play? CoStar Group's (NASDAQ:CSGP) stock is up by a considerable 23% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Particularly, we will be paying attention to CoStar Group's ROE today. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital. How Do You Calculate Return On Equity? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for CoStar Group is: 5.6% = US$330m ÷ US$5.9b (Based on the trailing twelve months to June 2022). The 'return' is the profit over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.06 in profit. What Has ROE Got To Do With Earnings Growth? Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or ""retain"", we are then able to evaluate a company's future ability to generate profits. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features. A Side By Side comparison of CoStar Group's Earnings Growth And 5.6% ROE On the face of it, CoStar Group's ROE is not much to talk about. We then compared the company's ROE to the broader industry and were disappointed to see that the ROE is lower than the industry average of 17%. CoStar Group was still able to see a decent net income growth of 14% over the past five years. So, there might be other aspects that are positively influencing the company's earnings growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio. We then performed a comparison between CoStar Group's net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 14% in the same period. NasdaqGS:CSGP Past Earnings Growth October 13th 2022 Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Has the market priced in the future outlook for CSGP? You can find out in our latest intrinsic value infographic research report. Is CoStar Group Efficiently Re-investing Its Profits? CoStar Group doesn't pay any dividend, meaning that all of its profits are being reinvested in the business, which explains the fair bit of earnings growth the company has seen. Summary In total, it does look like CoStar Group has some positive aspects to its business. Despite its low rate of return, the fact that the company reinvests a very high portion of its profits into its business, no doubt contributed to its high earnings growth. Having said that, looking at the current analyst estimates, we found that the company's earnings are expected to gain momentum. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-10-14,72.7,72.8,70.16,70.3,
CSGP,2022-10-17,71.21,72.47,71.07,72.08,
CSGP,2022-10-18,73.8,74.4,72.62,73.35,
CSGP,2022-10-19,72.73,72.86,71.62,72.29,
CSGP,2022-10-20,72.16,72.68,70.5,70.57,
CSGP,2022-10-21,70.45,72.307,69.42,71.8,"CoStar Group (CSGP) to Post Q3 Earnings: What's in Store? CoStar Group CSGP is slated to report third-quarter 2022 earnings on Oct 25. CoStar expects revenues of $552 million to $557 million, indicating growth of 11%. Non-GAAP earnigs is anticipated between 23 cents and 25 cents per share. For the third quarter, the Zacks Consensus Estimate for revenues currently stands at $554.97 million, suggesting growth of 11.14% from the year-ago quarter. The consensus mark for earnings remained unchanged at 24 cents per share over the past 30 days, indicating a decline of 4% from the year-ago quarter. CoStar’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 18.36%. Let’s see how things have shaped up for the upcoming announcement: CoStar Group, Inc. Price and EPS Surprise CoStar Group, Inc. price-eps-surprise | CoStar Group, Inc. Quote Factors to Note CoStar Group’s third-quarter performance is likely to have benefited as the company ramped up investments in its residential product strategies. The company is expected to have gained from its solutions like the CoStar lender products, Listing of the Future. These new solutions are expected to have separated CSGP’s product portfolio from its competitors and helped it win market share. In the second quarter, CoStar Group-owned Apartments.com’s net new sales bookings were up 138% from the year-ago quarter. This was the second-highest quarterly sales ever for Apartments.com, and the trend is expected to have continued in the to-be-reported quarter due to strong demand for its solution, Listing of the Future. CoStar Group’s third-quarter 2022 performance is expected to have benefited from rising apartment vacancy rates, which will increase property advertising on Apartments.com. This might have impacted CoStar Group’s top-line growth positively. As vacancy rates are increasing, Apartment.com is also expected to have gained from its Listing of the Future solution, which can provide unit-specific floor plans and availability. Listing of the Future provides all this information while eliminating time-consuming conversations between prospective renters and property managers. This leads to higher quality leads for each listing and is expected to have contributed to the company’s revenue growth as it has been experiencing more and more traffic on its online platform compared to its competitors like Zillow Group, Inc. ZG and Redfin Corporation RDFN. While Zillow Group and Redfin Corporation have been lowering advertisement spending due to tighter market conditions, CSGP has been increasing investments in advertisements and brand promotions on various social media platforms like Tiktok, Instagram, Snapchat, YouTube and Facebook. As a result, brand awareness about Apartments.Com has been growing among customers, and property advertising has been increasing on the platform since March. Rising brand awareness and better pricing power amid market volatility might have favored the top line and margins. However, rising inflation and the recent U.S. Federal Reserve rate hikes are likely to have impacted the company’s top line negatively as demand for property renting might decline as mortgage rates go higher. Rising inflation has been leading to the underbuilding of new properties relative to demand in the United States. The elevated mortgage rates have been discouraging homebuilders from starting new projects, which has led to a reduction in the number of properties people can actually rent. This might have weighed on the to-be-reported quarter’s performance. What Our Model Unveils Our proven model does not predict an earnings beat for CoStar Group this time around. Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here. CoStar Group has a Zacks Rank #3 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. A Stock to Consider Here is a company worth considering, as our model shows that it has the right combination of elements to beat on earnings in its upcoming release: ZoomInfo Technologies ZI has an Earnings ESP of +1.27% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. ZI’s shares have lost 30% in the year-to-date period compared with the Zacks Computer - Integrated Systems industry’s decline of 12.2%. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Zillow Group, Inc. (ZG): Free Stock Analysis Report Redfin Corporation (RDFN): Free Stock Analysis Report ZoomInfo Technologies Inc. (ZI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-10-24,72.78,72.78,70.86,71.39,"CoStar (CSGP) Upgraded to Buy: Here's What You Should Know Investors might want to bet on CoStar Group (CSGP), as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. As such, the Zacks rating upgrade for CoStar is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for CoStar imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher. Harnessing the Power of Earnings Estimate Revisions Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>. Earnings Estimate Revisions for CoStar For the fiscal year ending December 2022, this commercial real estate information and marketing provider is expected to earn $1.10 per share, which is a change of -3.5% from the year-ago reported number. Analysts have been steadily raising their estimates for CoStar. Over the past three months, the Zacks Consensus Estimate for the company has increased 11.4%. Bottom Line Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term. You can learn more about the Zacks Rank here >>> The upgrade of CoStar to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-10-25,71.65,74.64,71.5,74.5,"[""CoStar Group Q3 22 Earnings Conference Call AT 5:00 PM ET (RTTNews) - CoStar Group, Inc. (CSGP) will host a conference call at 5:00 PM ET on October 25, 2022, to discuss Q3 22 earnings results. To access the live webcast, log on to https://investors.costargroup.com/overview/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""After-Hours Earnings Report for October 25, 2022 : MSFT, GOOG, GOOGL, V, TXN, CB, CNI, CMG, ENPH, AMP, CSGP, EQR The following companies are expected to report earnings after hours on 10/25/2022. Visit our Earnings Calendar for a full list of expected earnings releases. Microsoft Corporation (MSFT)is reporting for the quarter ending September 30, 2022. The computer software company's consensus earnings per share forecast from the 13 analysts that follow the stock is $2.29. This value represents a 0.88% increase compared to the same quarter last year. MSFT missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -2.19%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for MSFT is 24.65 vs. an industry ratio of 30.50. Alphabet Inc. (GOOG)is reporting for the quarter ending September 30, 2022. The internet services company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.25. This value represents a 10.71% decrease compared to the same quarter last year. The last two quarters GOOG had negative earnings surprises; the latest report they missed by -4.72%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GOOG is 20.27 vs. an industry ratio of 3.30, implying that they will have a higher earnings growth than their competitors in the same industry. Alphabet Inc. (GOOGL)is reporting for the quarter ending September 30, 2022. The internet services company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.25. This value represents a 10.71% decrease compared to the same quarter last year. The last two quarters GOOGL had negative earnings surprises; the latest report they missed by -4.72%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for GOOGL is 20.18 vs. an industry ratio of 3.30, implying that they will have a higher earnings growth than their competitors in the same industry. Visa Inc. (V)is reporting for the quarter ending September 30, 2022. The financial transactions company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.86. This value represents a 14.81% increase compared to the same quarter last year. In the past year V has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 13.79%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for V is 25.63 vs. an industry ratio of 15.50, implying that they will have a higher earnings growth than their competitors in the same industry. Texas Instruments Incorporated (TXN)is reporting for the quarter ending September 30, 2022. The semiconductor company's consensus earnings per share forecast from the 10 analysts that follow the stock is $2.37. This value represents a 14.49% increase compared to the same quarter last year. In the past year TXN has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 18.36%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for TXN is 17.31 vs. an industry ratio of 31.80. Chubb Limited (CB)is reporting for the quarter ending September 30, 2022. The insurance (property & casualty) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.02. This value represents a 14.39% increase compared to the same quarter last year. In the past year CB has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 16.99%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CB is 13.43 vs. an industry ratio of 19.30. Canadian National Railway Company (CNI)is reporting for the quarter ending September 30, 2022. The transportation (rail) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.51. This value represents a 24.79% increase compared to the same quarter last year. CNI missed the consensus earnings per share in the 1st calendar quarter of 2022 by -3.7%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CNI is 20.08 vs. an industry ratio of 20.50. Chipotle Mexican Grill, Inc. (CMG)is reporting for the quarter ending September 30, 2022. The restaurant company's consensus earnings per share forecast from the 15 analysts that follow the stock is $9.11. This value represents a 29.77% increase compared to the same quarter last year. In the past year CMG has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.99%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CMG is 47.48 vs. an industry ratio of 54.60. Enphase Energy, Inc. (ENPH)is reporting for the quarter ending September 30, 2022. The solar company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.77. This value represents a 196.15% increase compared to the same quarter last year. In the past year ENPH has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 27.78%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for ENPH is 87.34 vs. an industry ratio of -44.40, implying that they will have a higher earnings growth than their competitors in the same industry. AMERIPRISE FINANCIAL SERVICES, LLC (AMP)is reporting for the quarter ending September 30, 2022. The finance/investment management company's consensus earnings per share forecast from the 6 analysts that follow the stock is $5.82. This value represents a 1.52% decrease compared to the same quarter last year. In the past year AMP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 1.4%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AMP is 11.37 vs. an industry ratio of 9.50, implying that they will have a higher earnings growth than their competitors in the same industry. CoStar Group, Inc. (CSGP)is reporting for the quarter ending September 30, 2022. The information technology services company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.20. This value represents a 9.09% decrease compared to the same quarter last year. In the past year CSGP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 41.18%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CSGP is 74.36 vs. an industry ratio of 13.20, implying that they will have a higher earnings growth than their competitors in the same industry. Equity Residential (EQR)is reporting for the quarter ending September 30, 2022. The reit company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.91. This value represents a 18.18% increase compared to the same quarter last year. EQR missed the consensus earnings per share in the 1st calendar quarter of 2022 by -3.75%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for EQR is 18.22 vs. an industry ratio of 15.60, implying that they will have a higher earnings growth than their competitors in the same industry. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Lifts FY22 Outlook (RTTNews) - Online real estate marketplace provider CoStar Group, Inc. (CSGP) on Tuesday raised its outlook for full year 2022. The Company expects full year 2022 adjusted income per share in a range of $1.25 to $1.26, up from the earlier range of 1.09 to $1.13 per share. On average, 13 analysts polled by Thomson Reuters expect the company to post earnings of $1.11 per share for the year ahead. The company also lifted its revenue guidance to a range of $2.175 billion to $2.180 billion from the earlier guidance of between $2.17 billion and $2.18 billion. On average, 13 analysts expect the company to post revenues of $2.18 billion for fiscal 2022. For the fourth quarter, the company expects adjusted income in a range of $0.35 to $0.36 per share and revenues between $565 million to $570 million. On average, 12 analysts were looking for earnings of $0.27 per share on revenues of $570.4 million for the fourth quarter. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group (CSGP) Q3 Earnings and Revenues Beat Estimates CoStar Group (CSGP) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.21 per share when it actually produced earnings of $0.28, delivering a surprise of 33.33%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $556.92 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 0.35%. This compares to year-ago revenues of $499.32 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CoStar shares have lost about 9.7% since the beginning of the year versus the S&P 500's decline of -20.3%. What's Next for CoStar? While CoStar has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CoStar: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.27 on $569.9 million in revenues for the coming quarter and $1.10 on $2.18 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. CDW (CDW), another stock in the same industry, has yet to report results for the quarter ended September 2022. The results are expected to be released on November 2. This information technology company is expected to post quarterly earnings of $2.52 per share in its upcoming report, which represents a year-over-year change of +18.3%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. CDW's revenues are expected to be $6.21 billion, up 17.2% from the year-ago quarter. Just Released: Zacks Unveils the Top 5 EV Stocks for 2022 For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity. >>Send me my free report revealing the top 5 EV stocks Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report CDW Corporation (CDW): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-10-26,78.77,81.53,77.75,80.04,"[""Financial Sector Update for 10/26/2022: CSGP,EVR,BCO,TNET Financial stocks were hanging on to most of their prior gains during afternoon trading, with the NYSE Financial Index adding 0.8% in late trade and the SPDR Financial Select Sector ETF (XLF) ahead 0.6%. The Philadelphia Housing Index was falling 1.0% and the SPDR Real Estate Select Sector ETF (XLRE) was dropping 0.2% after the US Commerce Department Wednesday said new home sales slowed almost 11% during September compared with the prior month, falling to an annualized 603,000 pace, but still not falling as fast as the 14.3% decline expected in a Bloomberg survey. Bitcoin was increasing 2.4% to $20,747, while the yield for 10-year US Treasuries was slipping 8.7 basis points to 4.021%. In company news, Financial stocks were rising during afternoon trading, with the NYSE Financial Index adding 1.0% while the SPDR Financial Select Sector ETF (XLF) was ahead 0.6%. The Philadelphia Housing Index was falling 0.3% but the SPDR Real Estate Select Sector ETF (XLRE) was climbing 0.3% after the US Commerce Department said new home sales slowed almost 11% during September compared with the prior month, falling to an annualized 603,000 pace, but still not falling as fast as the 14.3% decline expected in a Bloomberg survey. Bitcoin was increasing 6.6% to $20,863, while the yield for 10-year US Treasuries was slipping 8.7 basis points to 4.021%. In company news, CoStar Group (CSGP) added 6.6% after overnight reporting Q3 results topping year-ago levels and exceeding analyst estimates and the commercial real estate analytics firm also raised its forecast for FY22 adjusted net income and revenue this year. The company is now projecting non-GAAP net income for the 12 months ending Dec. 31 between $1.25 to $1.26 per share, up $0.15 per share on both sides of its previous guidance, and it also boosted its revenue outlook by $5 million to a new range of $2.175 billion to $2.180 billion. Evercore (EVR) rose 3.9% after reporting non-GAAP Q3 net income of $2.20 per share, down from $3.96 per share a year ago but easily beating the Capital IQ consensus call looking for the investment banking firm earning $1.37. Revenue slipped to $576.9 million from $823.6 million during the year-ago period but also exceeded the $477.5 million analyst mean. Brink's (BCO) fell 6.1% after the armored truck transportation company Wednesday reported Q3 revenue trailing analyst forecasts and it also is expecting around $4.52 billion in revenue for the current quarter compared with the Capital IQ consensus call looking for $4.58 billion in Q4 revenue. TriNet Group (TNET) slumped over 13% after the payroll services company projected Q4 earnings lagging Wall Street expectations, saying net income for the quarter likely will be in a range of $0.00 to $0.50 per share, excluding one-time items, compared with the Capital IQ consensus for an adjusted profit of $0.72 per share. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group (CSGP) Q3 Earnings Top Estimates, Revenues Up Y/Y CoStar Group CSGP reported third-quarter 2022 non-GAAP earnings of 30 cents per share, beating the Zacks Consensus Estimate by 25% and increasing 20% year over year. Revenues of $556.9 million beat the Zacks Consensus Estimate by 0.35% and increased 11.5% year over year. The upside was led by one of the company\u2019s main products, Apartments.com, which experienced an exceptional sales quarter. Annualized net new sale bookings led by Apartments.com was $76 million, reflecting a 62% increase year over year. CoStar Group, Inc. Price, Consensus and EPS Surprise CoStar Group, Inc. price-consensus-eps-surprise-chart | CoStar Group, Inc. Quote Top Line Details CoStar revenues (38.2% of revenues) increased 16.1% year over year to $212.7 million. In the third quarter, CoStar surpassed 180,000 subscribers and maintained high renewal rates at 93% from the year-ago period. In the CoStar business segment, Apartments.com net new sales bookings surged a whopping 192% year over year as apartment vacancy rates increased, leading to raised apartment advertisements. Apartment.com revenues were $190 million in the third quarter of 2022, which increased 11% year over year. Information Services (7.4% of revenues) increased 14.2% year over year to $41 million. The revenue surge can be attributed to the real estate manager solution, which contributed to the information services revenues. Multifamily revenues (10.8% of revenues) increased 7.4% year over year to $189.5 million. The improvement in multifamily revenues was fueled by higher vacancy rates. However, it is still reeling from the post-effects of the pandemic as vacancy rates are still not at the pre-pandemic levels. LoopNet revenues (10.6% of revenues) were up 12.1% year over year to $58.9 million. Net new sales bookings for LoopNet in the third quarter of 2022 are up 99% year over year. Third-quarter Residential revenues (3.5% of revenues) were $19.4 million, declining 21.8% compared with the third quarter of 2021 levels. Other marketplace revenues (6.4% of revenues) increased 11.7% year over year to $35.4 million. Operating Details Both selling and marketing and software development expenses, as a percentage of revenues, fell 280 bps and 40 bps, respectively. General & administrative expenses increased 340 bps, as a percentage of revenues, while customer base amortization expenses increased by 150 bps. Adjusted EBITDA margin in the second quarter of 2022 was 27.4% compared with 28.8% in the year-ago quarter. Balance Sheet and Cash Flow Statement CSGP reported cash, cash equivalents and restricted cash of $4.78 billion as of Sep 30, 2022, compared with $4 billion as of Jun 30, 2022. The company, however, had long-term debt of $988.9 million as of Jun 30, 2022, compared with $1 billion as of Jun 30, 2022. It generated $293.59 million in cash from operations compared with $212 million in the previous quarter. Guidance Fourth-quarter 2022 revenues are expected between $566 million to $571 million, representing revenue growth of 12% to 13%. The company has raised its revenue guidance to a range of $2.175 billion to $2.180 billion for 2022, an increase of $5 million at the mid-point of the range compared with the prior outlook. The company expects adjusted EBITDA in the range of $176 million to $181 million, indicating a margin of 31% at the midpoint. For the full year, CSGP raised its adjusted EBITDA guidance to a range of $665 million to $670 million, which reflects an increase of $48 million at the mid-point. Stocks to Consider CoStar currently carries a Zacks Rank #3 (Hold). CSGP\u2019s shares have fallen 5.8% compared with the Zacks Computer and Technology sector\u2019s decline of 32.6% in the year-to-date period. Here are some top-ranked stocks worth considering in the broader sector. ZoomInfo Technologies (ZI) currently carries a Zacks Rank #2 (Buy). You can see the complete list of today\u2019s Zacks #1 Rank stocks here. The company is set to report its third quarter 2022 earnings on Nov 1. ZI\u2019s shares have lost 26.5% in the year-to-date period compared with the Zacks Computer - Integrated Systems industry\u2019s decline of 8.5%. Tencent Music Entertainment Group TME also a Zacks Rank #2. The company is set to report its third quarter 2022 earnings on Nov 15. TME shares have lost 44.1% in the year-to-date period compared with the Zacks Internet - Content industry\u2019s decline of 35.2%. Upstart UPST has a Zacks Rank #2. The company is set to report its third quarter 2022 earnings on Nov 8. UPST shares have lost 83.7% in the year-to-date period compared with the Zacks Computers - IT Services industry\u2019s decline of 34.4%. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Zillow Group, Inc. (Z): Free Stock Analysis Report Tencent Music Entertainment Group Sponsored ADR (TME): Free Stock Analysis Report Upstart Holdings, Inc. (UPST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-10-27,80.52,82.07,80.16,81.62,
CSGP,2022-10-28,82.0,83.375,81.7457,82.88,"Why CoStar Group Shot Up as Much as 16.1% This Week What happened Shares of CoStar Group (NASDAQ: CSGP) shot up as much as 16.1% this week, according to data from S&P Global Market Intelligence. The real estate marketplaces and analytics owner put up solid Q3 results and raised its full-year 2022 guidance. As of 2:37 p.m. EST on Friday, Oct. 28, the stock is up 16% this week. So what On Oct. 25, CoStar released its earnings for the three months ending in September. Revenue was up 12% year over year to $557 million, slightly beating analyst expectations heading into the report. More importantly, full-year guidance for 2022 was raised by $5 million to a range of $2.175 billion to $2.18 billion. While only a small bump, this raise shows that CoStar's management team is confident in its businesses even as the United States heads into a housing slowdown with rising interest rates. CoStar Group owns multiple online real estate brands, the most important being Apartments.com, LoopNet, and CoStar itself. Currently, Apartments.com is executing well, as more and more renters are using its online marketplace to find an apartment to rent. Revenue growth for the platform was 11% in Q3, and management expects this growth to accelerate to 16% year over year in the fourth quarter. Looking further down the income statement, CoStar raised its 2022 adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) guidance by $48 million to a range of $665 million to $670 million. This is a significant bump and likely a big reason the stock is up so much this week. Online marketplaces have fantastic unit economics, and as CoStar scales up each year, the company is getting increasing operating leverage and expanding its profit margins. If it hits the low end of its adjusted EBITDA and revenue guidance for 2022, the company will have 30.5% adjusted EBITDA margins for 2022. Now what At a market cap of $34 billion, CoStar group trades at a premium earnings multiple. If it hits the low end of its adjusted EBITDA guidance, the stock will trade at an adjusted price-to-earnings ratio (P/E) of 51, which is much higher than the market's average earnings multiple of 20. However, Costar Group has shown an incredible ability to grow its business, which is likely why investors are giving it a premium at the moment. For example, over the last 10 years, CoStar has grown its revenue by over 500%, with consistent growth year after year. If the company can repeat this over the next 10, it is likely that the stock will do well, regardless of a high starting valuation. 10 stocks we like better than Walmart When our award-winning analyst team has an investing tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now… and Walmart wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks Stock Advisor returns as of October 26, 2022 Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-10-31,82.23,83.441,80.925,82.72,"[""Is CommScope (COMM) Outperforming Other Computer and Technology Stocks This Year? Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. CommScope (COMM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question. CommScope is a member of the Computer and Technology sector. This group includes 656 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CommScope is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for COMM's full-year earnings has moved 12.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. Based on the most recent data, COMM has returned 21.6% so far this year. Meanwhile, the Computer and Technology sector has returned an average of -32.8% on a year-to-date basis. As we can see, CommScope is performing better than its sector in the calendar year. CoStar Group (CSGP) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 4.9%. For CoStar Group, the consensus EPS estimate for the current year has increased 13.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). Looking more specifically, CommScope belongs to the Communication - Infrastructure industry, which includes 7 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, this group has lost an average of 44.2% so far this year, meaning that COMM is performing better in terms of year-to-date returns. In contrast, CoStar Group falls under the Computers - IT Services industry. Currently, this industry has 40 stocks and is ranked #60. Since the beginning of the year, the industry has moved -30.4%. Investors with an interest in Computer and Technology stocks should continue to track CommScope and CoStar Group. These stocks will be looking to continue their solid performance. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers \""Most Likely for Early Price Pops.\"" Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CommScope Holding Company, Inc. (COMM): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Tap Wall Street Rally for a Sweet November: 5 Momentum Picks Wall Street is set to close a fabulous October after a highly disappointing September. With just a day of trading left, the three major stock indexes \u2014 the Dow, the S&P 500 and the Nasdaq Composite \u2014 have rallied 14.4%, 8.8% and 5%, respectively, month to date. U.S. stock markets have seen this astonishing performance despite the fact that October is historically known as an unfavorable month for investors. We are not out of the woods as concerns like the complete devastation of the global supply-chain system, record-high inflation and a possible recession are still affecting investor sentiment. However, several positive signs have also emerged this month. To tap the ongoing rally, we have chosen five stocks with a favorable Zacks Rank with strong momentum in October. In the past month, these stocks have provided solid returns with more upside left. The companies are \u2014- Airbnb Inc. ABNB, Bunge Ltd. BG, Halliburton Co. HAL, W. R. Berkley Corp. WRB and CoStar Group Inc. CSGP. Momentum Likely to Continue U.S. stock markets momentum is likely to continue in November. U.S. GDP has grown 2.6% in the third quarter, beating the consensus estimate of 2.2%. Market participants were worried that the economy might enter into a recession after it contracted in the first two quarters of this year. In third-quarter 2022, the chain-weighted price index \u2014 a cost-of-living index adjusted for consumer behavior \u2014 rose 4.1%, well below the consensus estimate for a 5.3%. The personal consumption expenditure (PCE) price index increased 4.2%, exhibiting a sharp fall from 7.3% in the second quarter. The core (excluding the volatile food and energy items) PCE price index \u2014 Fed\u2019s favorite inflation gauge \u2014 rose 4.5% in third quarter, in line with market\u2019s expectation. For September, the PCE inflation rose 0.3% month-over-month and 6.2% on a yearly basis, in line with August. The core PCE inflation rose 0.5% month-over-month and increased 5.1% year-over-year, marginally below the consensus estimate of 5.2%. All these data indicate that the peak of the current inflation may be behind us. In September, the disposable (after adjusting for taxes and other charges) rose 0.4% month-over-month but remained flat after adjusting with the inflation rate. Inflation-adjusted personal spending rose 0.3%, below the consensus estimate of 0.4%. The personal savings rate dropped to 3.1% from 3.4% in the previous month. Moreover, economic indicators like declining commodity prices (except food and energy), growing accumulation of inventories on the part of manufacturers and retailers, gradual slowdown of the ISM manufacturing PMI and a decline in the job openings rate are pointing to the cooling down of the U.S. economy. Finally, third-quarter 2022 earnings results and guidance issued by several U.S. technology behemoths have revealed slowing demand. Big retailers are also expected to follow suit. Out Top Picks We have narrowed our search to five large-cap (market capital > $10 billion) momentum stocks that have solid upside left for November. These stocks have seen positive earnings estimate revisions in the last seven days indicating that the market is expecting these companies to do good business for the rest of 2022. In October, each of these stocks have outperformed the market\u2019s benchmark \u2014 the S&P 500 Index. Moreover, each of our picks carries a Zacks Rank #1 (Strong Buy) and has a Momentum Score of A. You can see the complete list of today\u2019s Zacks #1 Rank stocks here. The chart below shows the price performance of our five picks in the past month. Image Source: Zacks Investment Research Airbnb is riding on an improvement in the travel industry. Continued recovery in both longer-distance and cross-border travel owing to a reduction in travel restrictions is benefiting ABNB\u2019s Nights & Experience bookings. Additionally, growth in Average Daily Rates and Gross Booking Value is acting as a tailwind. Growing active listings in Latin America, North America and EMEA are contributing well to the top line. Growing sales and marketing initiatives along with continuous efforts to upgrade various aspects of the Airbnb service are helping the company gain momentum among hosts and guests. Airbnb has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings improved 0.9% over the last seven days. Bunge operates as an agribusiness and food company worldwide. BG has an integrated global agribusiness spanning the farm-to-consumer food chain. BG operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Bunge processes, produces, moves, distributes and markets food in five continents. Bunge has an expected earnings growth rate of 2.7% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.6% over the last seven days. Halliburton provides products and services to the energy industry worldwide. High commodity prices have increased demand for HAL\u2019s services in North America, to which it is heavily exposed. In particular, Halliburton\u2019s key Completion & Production unit margins are likely to improve, with management expecting better pricing leverage going forward. Besides, Halliburton's strong free cash flow generating ability indicates its financial strength. HAL\u2019s healthy relationship with national oil companies and digitization efforts also bode well. The increasing cloud-based data flow between sites and back office translates into expanded margins for Halliburton. Halliburton has an expected earnings growth rate of 91.7% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.9% over the last seven days. W. R. Berkley has been benefiting from its insurance business, performing well on the increase in premiums written over the past many years. W. R. Berkley has been investing in numerous startups since 2006 and has established new units in growing international markets. W. R. Berkley\u2019s international business is poised for growth supported by the emerging markets. WRB\u2019s solid capital position enables capital deployment. Investment in alternative assets should help improve investment income going forward. W. R. Berkley has an expected earnings growth rate of 26.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 5.1% over the last seven days. CoStar Group provides information services to the commercial real estate industry. CSGP\u2019s wide array of digital service offerings includes a leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. CoStar Group has three assets that provide a unique foundation for this marketplace: comprehensive national databases, a large research department and a large number of participating organizations. CSGP has an expected earnings growth rate of 5.3% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 9.1% over the last seven days. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers \""Most Likely for Early Price Pops.\"" Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Halliburton Company (HAL): Free Stock Analysis Report W.R. Berkley Corporation (WRB): Free Stock Analysis Report Bunge Limited (BG): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Airbnb, Inc. (ABNB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-11-01,83.7,83.7,81.0,81.19,
CSGP,2022-11-02,80.99,82.405,78.98,79.18,
CSGP,2022-11-03,78.41,80.9,77.93,79.89,
CSGP,2022-11-04,80.78,80.78,77.81,79.97,"[""7 Cash-Rich Stocks to Buy for Peace of Mind InvestorPlace - Stock Market News, Stock Advice & Trading Tips Companies of all sizes appear to be hoarding cash for the much-discussed impending recession. If we do dive into a recession, cash-rich stocks will be more than prepared for whatever slowdown comes their way. However, when investing, it\u2019s not enough to look for businesses with cash. They should also have limited debt and strong cash flow generation in good times and bad. So, who are these companies? For this article, I selected four large-cap and three mid-cap cash-rich stocks to buy. Cash-rich to me means having net cash on the balance sheet. There aren\u2019t many around but with interest rates rising; it\u2019s more important than ever to have manageable finances. To make the cut, a stock must have net cash that\u2019s at least 5% of its market capitalization. MRNA Moderna $154.59 REGN Regeneron $727.32 ATVI Activision Blizzard $71.61 CSGP CoStar Group $78.07 GRMN Garmin $84.60 INCY Incyte $76.83 FSLR First Solar $149.46 Moderna (MRNA) Source: Carlos l Vives / Shutterstock.com Moderna (NASDAQ:MRNA) reported Q3 2022 results on Nov. 3. It had zero debt and $8.4 billion in cash and cash equivalents. That\u2019s 14.5% of its current market cap. The vaccine company\u2019s stock wobbled a little on the disappointing news, which included cutting its vaccine sales estimate by $2 billion to $3 billion in 2022. The company cut the full-year estimate due to supply constraints. Where have we heard that before? \u201cWe\u2019ve had quite a number of pain points,\u201d said Moderna CEO Stephane Bancel, as quoted by Barron\u2019s. \u201cWe are working through a lot of those issues\u2026 There are many lessons to be learned that we are working on.\u201d It\u2019s easy to sit here in the cheap seats and criticize the company for missing revenue estimates in the quarter by $100 million and cutting the number of its advanced purchase agreements by $2 billion to $3 billion for all of 2022. However, those were merely deferred until 2023. In the end, the company has still generated $7.8 billion in operating profits through the nine months that ended Sept. 30. In fiscal 2020, it had an operating loss of $763 million. It could always be worse for long-time shareholders. Regeneron (REGN) Source: madamF / Shutterstock.com Regeneron (NASDAQ:REGN) reported its Q3 2022 results on Nov. 3. While it beat analyst expectations, earnings were down 28% over Q3 2021. In terms of revenues, sales were 15% lower year-over-year to $2.94 billion due to lower numbers from Regen-Cov, the company\u2019s Covid-19 antibody treatment. The good news is that sales beat the estimate by $30 million. Excluding Regen-Cov, the company\u2019s sales rose 11% in the quarter. REGN stock is up more than 18% on the year as I write this. That\u2019s considerably better than the S&P 500 healthcare sector, which is down 7.5% through Nov. 2. In addition, the biotech had $13 billion in cash and cash equivalents at the end of Sept. go along with $2 billion in long-term debt. Its net cash position is $11 billion, 13.6% of its current market cap. Eylea, the company\u2019s drug to slow vision loss, generated 55% of its revenue in the third quarter. Also, the company is said to be working on a high-dose formulation of the drug that could be approved by the end of the year. Activision Blizzard (ATVI) Source: Piotr Swat / Shutterstock.com Activision Blizzard (NASDAQ:ATVI) is in the middle of a lengthy regulatory approval process so that Microsoft can buy it for $69 billion. The European Commission asked Microsoft to submit commitments it would make to satisfy European regulators so that the deal could go ahead. Microsoft made no such guarantees. It now faces a potentially lengthy full-scale probe by the Commission. The regulatory body has until Nov. 8 to announce a Phase 2 investigation. Phil Spencer, the head of Microsoft\u2019s Xbox business, and the person responsible for ATVI\u2019s integration into Microsoft believes the deal will happen. \u201cI\u2019m pretty confident in the deal closing,\u201d he told The Tech Game. \u201cI think [regulators] are asking good, honest questions about a big deal \u2026 it\u2019s definitely the biggest deal I\u2019ve ever done.\u201d In addition, Berkshire Hathaway (NYSE:BRK-B) has an 8.7% stake in ATVI worth $4.9 billion. The company bought 14.7 million shares in Q4 2021 before Microsoft announced the $95 a share offer in Jan. By the end of Q1 2022, it owned 64.3 million shares. As of June 30, it owned 68.4 million shares, making ATVI the holding company\u2019s 11th-largest position. Berkshire is estimated to have paid $73.28 a share for its Activision Holdings. It will make approximately $1.5 billion from its investment if the deal goes through. Berkshire Hathaway is also confident the deal will go through. If you\u2019re a risk-taker, ATVI is an excellent case of M&A arbitrage. CoStar Group (CSGP) Source: Stock-Asso / Shutterstock If you work in commercial real estate, you\u2019ve probably worked with CoStar Group (NASDAQ:CSGP). Its reason for being is to provide real estate information, analytics, news, and online marketplaces. Its online brands include CoStar, LoopNet, Apartments.com, and BizBuySell. Relative to the S&P 500, CSGP stock is having a good year, up 1.3%, more than 23% better than the index. Since mid-July, its stock has taken off, up 43% in less than four months. At the end of October, CoStar reported healthy growth in its third quarter. On the top line, revenues were up 12% YOY, with a 62% increase in net new bookings. That\u2019s significant because CoStar operates a subscription-based business. New bookings mean recurring revenue. That\u2019s the best kind. On the bottom line, its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was $153 million, 6.0% higher than a year earlier. Those aren\u2019t spectacular results, but they were enough for the company to raise its guidance for 2022. It now expects at least $2.18 billion in revenue and an adjusted EBITDA of $665 million. As CoStar CFO Scott Wheeler stated in its Q3 2022 press release, \u201cOur financial results in the third quarter and improved 2022 revenue outlook demonstrate the strength of our products and resilience of our subscription-based business model. \u201cWe are making great progress with our Residential investment strategy while managing investment levels well below our initial estimates. This results in our improved profit outlook for 2022.\u201d Garmin (GRMN) Source: ImageFlow/Shutterstock.com Garmin (NYSE:GRMN) is down from an all-time high of $178.81. Yet, the \u201cCult of Garmin\u201d remains strong. The company reported Q3 2022 results on Oct. 26 that were mixed from an analyst estimate perspective. On the top line, it delivered sales of $1.14 billion, $70 million shy of the consensus. However, on the bottom line, it beat by eight cents at $1.24 a share. The good news is that its gross margin increased by 40 basis points in the quarter to 58.8%. As a result, it raised its earnings outlook for all of 2022 to $4.95 a share. The bad news is that the company lowered its revenue guidance to $4.85 billion. A real bright point in 2022 is its Outdoor business. Through the first nine months, the unit\u2019s revenues increased 22% YOY to $1.11 billion, putting it first amongst its five operating segments. More importantly, Outdoor has an operating profit margin exceeding 34%. That\u2019s lights-out good. Lastly, Garmin finished the third quarter with $1.46 billion in net cash, representing 9.1% of its market cap. Trading at 3.3x sales, it\u2019s cheaper than it\u2019s been since 2016, and it\u2019s got a healthy 3.33% dividend yield. Incyte (INCY) Source: Epic Cure / Shutterstock Incyte (NASDAQ:INCY) is a biopharmaceutical company with several therapeutics focused on oncology and immunology. By far its biggest product is Jakafi, a prescription medicine that helps keep the production of blood cells under control. It recently raised its guidance for full-year Jakafi revenues to $2.39 billion at the midpoint from $2.38 billion, previously. In Q3 2022, Jakafi accounted for 75% of its $823.3 million in third-quarter revenue, up from 70% a year earlier. Jakafi delivered 13% growth YOY with overall product sales growing by 20% over Q3 2021. Incyte finished the third quarter with $3.0 billion in cash on its balance sheet and no debt. Its net cash position of $3 billion is a high 17.5% of its market cap. As for analysts, the 21 covering it are moderately bullish, giving it an Overweight rating with an average target price of $86.88, 13% higher than where it\u2019s currently trading. First Solar (FSLR) Source: chuyuss / Shutterstock.com As a Canadian, I couldn\u2019t help but notice the First Solar (NASDAQ:FSLR) press release from Oct. 26 that announced it was supplying Swift Current Energy with two gigawatts of high-performance thin-film solar modules. It was Swift Current\u2019s second big order from First Solar in 2022. However, it turns out Swift Current has nothing to do with Swift Current, Saskatchewan. It turns out the renewable energy company is based in Boston. The news, regardless of geography, is excellent news for both companies. First Solar is doubling down on its commitment to American manufacturing. It is spending $1.2 billion to expand its Ohio manufacturing facility and open its fourth U.S. plant. The company recently increased its guidance for net sales in 2022 while lowering its outlook for operating profits. The cause for lower profitability had to do with unexpected additional logistics costs. The good news is First Solar is a business with more than 58 GW of modules yet to be shipped. It also finished the third quarter with $1.93 billion in cash on its balance sheet and zero debt, representing 12% of its market cap. It\u2019s an excellent long-term buy. On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Will Ashworth has written about investments full-time since 2008. Publications where he\u2019s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia. The post 7 Cash-Rich Stocks to Buy for Peace of Mind appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""This High-Growth Stock Is Still Seeing Double-Digit Growth High inflation and general economic uncertainty have sent most stocks sinking this year. Growth tech stocks have been hit especially hard, with some falling as much as 80%. But not all stocks are feeling the same pressures. The real estate tech giant CoStar Group (NASDAQ: CSGP) just reported impressive third-quarter earnings, causing its stock price to jump by double-digits last week. Year to date, the real estate stock is up 1.9% while the S&P 500 is down 22%. If you're on the hunt for a growth stock that has room to run, here's why CoStar Group may be for you. Fueling record earnings CoStar Group is a real estate data, online marketplace, and analytics provider. The company owns some of the largest online real estate marketplaces for residential, commercial, and rental properties like Apartments.com, Ten-X.com, and Loopnet.com, along with 20 other websites. The company's revenue is mostly fee-based; it earns income from bookings on its various marketplaces and subscriptions for its data and analytics services. Unlike other hot tech stocks today, CoStar Group's business model has been proven through consistent earnings and an impressive track record of growth. Since going public in 1998, the company has generated a 20% total annualized return, which is more than three times that of the S&P and not too far behind Amazon's 22% return during that same period. Costar Group's sustained growth has been driven primarily by company acquisitions. Most recently, these include French real estate news service Immo.com and residential listing platforms HomeSnap.com and Homes.com. Ten-X, a distressed real estate auction platform, and Apartments.com are the two marketplaces fueling its record earnings. Q3 2022 earnings were fantastic, beating analysts' expectations and prompting the company to raise its full-year projections once again. Its non-GAAP net income rose by 19% while its revenue grew by 12%. This is thanks to a 62% increase in bookings from last year, with sales for Apartments.com exceeding $90 million net bookings, a record level for the website. So what? The impressive Q3 results didn't go unnoticed. The shares rose 9% after the results were announced, and based on the company's increased full-year forecast, it expects Q4 will be just as strong. CoStar Group is in the process of expanding its campus in Richmond, Virginia. The development will give the company over 1 million square feet of office, retail, and mixed-use space combined, and is projected to bring another 2,000 jobs to the area. An expansion of this size could be seen as a vote of confidence for CoStar Group's continued growth in the coming years. With more than $4.7 billion in cash on hand, CoStar Group is highly liquid, having enough to pay off all its debt and still have $3.2 billion left over. A liquidity position like that gives the company plenty of room for expanding its existing businesses or acquiring more companies. But aside from its potential for continued growth, there's a lot to be said about its current operations. It consistently reports a strong earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of between 24% and 33%. Amazon's EBITDA margin hasn't gone above 16% in the past five years. CoStar Group's liquidity and high profit margin give the company a large buffer to withstand hardships that could follow a recession. The stock now trades for about 65 times its projected full-year earnings, a multiple that indicates it's rather richly valued. But I believe the company has plenty of room to continue delivering double-digit growth in the near future. Those looking for a solid growth stock to help combat the bear market should consider CoStar Group. 10 stocks we like better than CoStar Group When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 30, 2022 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Liz Brumer-Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, CoStar Group, and Tesla. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-11-07,80.49,80.84,79.35,80.35,
CSGP,2022-11-08,80.89,81.55,79.78,80.17,
CSGP,2022-11-09,79.8,80.15,78.64,79.78,
CSGP,2022-11-10,83.37,85.24,82.97,84.16,
CSGP,2022-11-11,84.47,85.37,83.19,83.28,
CSGP,2022-11-14,83.18,83.79,82.14,82.21,
CSGP,2022-11-15,83.21,83.93,82.225,82.71,"Roper (ROP) Rewards Shareholders With 10% Dividend Hike In a shareholder-friendly move, Roper Technologies ROP announced a 10% hike in its dividend payout. The move underscores the company’s sound financial health as it utilizes free cash flow to enhance shareholders’ returns. This marks the company’s 30th consecutive year of dividend increase. Roper raised its quarterly cash dividend to 68.25 cents per share ($2.73 annually) from 62 cents. The new dividend will be paid to shareholders on Jan 23, 2023, of record as of Jan 9, 2023. The dividend yield, based on the new payout and its Nov 14 closing price, is 0.6%. Strong cash flow generation capacity supports Roper’s shareholder-friendly activities. In the third quarter of 2022, ROP generated an adjusted free cash flow of $353 million, up 9% year over year. The same was $252 million in the second quarter. In the first quarter, free cash flow was $459 million. In the first nine months of 2022, the company rewarded its shareholders with dividend payments of $196.2 million, up 10.9% year over year. Previously, in November 2021, the company hiked its dividend by 10%. Roper Technologies, Inc. Price Roper Technologies, Inc. price | Roper Technologies, Inc. Quote Zacks Rank & Other Key Picks Roper currently carries a Zacks Rank #2 (Buy). Some other stocks worth considering within the broader Computer and Technology sector are as follows: CoStar Group CSGP presently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter average surprise of 22.4%. You can see the complete list of today’s Zacks #1 Rank stocks. CoStar Group has an estimated earnings growth rate of 8.8% for the current year. Shares of the company have increased 14% in the past month. Amdocs Limited DOX currently carries a Zacks Rank #2. The company delivered a trailing four-quarter average surprise of 6.5%. Amdocs has an estimated earnings growth rate of 11.7% for the current fiscal year. Shares of the company have gained 3.4% over the past month. Taboola.com Ltd. TBLA currently carries a Zacks Rank #2. The company delivered a trailing four-quarter average surprise of 189.5%. Taboola.com has an estimated earnings growth rate of 234.6% for the current year. Shares of the company have gained 13% in the past month. Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amdocs Limited (DOX): Free Stock Analysis Report Roper Technologies, Inc. (ROP): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report Taboola.com Ltd. (TBLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-11-16,82.72,83.17,81.93,82.47,
CSGP,2022-11-17,81.35,81.835,80.27,80.75,"Has Check Point Software Technologies (CHKP) Outpaced Other Computer and Technology Stocks This Year? The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Check Point Software (CHKP) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. Check Point Software is one of 654 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Check Point Software is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for CHKP's full-year earnings has moved 1.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. According to our latest data, CHKP has moved about 9.7% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of -31.2% on a year-to-date basis. This shows that Check Point Software is outperforming its peers so far this year. Another Computer and Technology stock, which has outperformed the sector so far this year, is CoStar Group (CSGP). The stock has returned 4.4% year-to-date. In CoStar Group's case, the consensus EPS estimate for the current year increased 13.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). Looking more specifically, Check Point Software belongs to the Security industry, which includes 7 individual stocks and currently sits at #48 in the Zacks Industry Rank. This group has lost an average of 17.1% so far this year, so CHKP is performing better in this area. On the other hand, CoStar Group belongs to the Computers - IT Services industry. This 40-stock industry is currently ranked #69. The industry has moved -29.2% year to date. Investors interested in the Computer and Technology sector may want to keep a close eye on Check Point Software and CoStar Group as they attempt to continue their solid performance. One Tiny Company Could Shake the EV Industry Zacks Aggressive Growth expert Brian Bolan has pinpointed a U.S. manufacturer with an under-$5 stock price that's gearing for a monster ride. It's ramping up production of an affordable, ""working man's"" rival to Tesla just as soaring gas prices and desire for energy independence are set to drive the EV market to $1 trillion in 5 years. See This Stock Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Check Point Software Technologies Ltd. (CHKP): Free Stock Analysis Report CoStar Group, Inc. (CSGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-11-18,82.52,83.21,80.46,80.8,
CSGP,2022-11-21,81.0,81.81,80.38,80.56,
CSGP,2022-11-22,80.71,80.91,79.05,79.43,
CSGP,2022-11-23,79.37,80.51,79.0025,80.02,
CSGP,2022-11-25,80.25,81.005,79.35,79.98,
CSGP,2022-11-28,79.84,80.17,78.56,78.74,
CSGP,2022-11-29,78.27,78.58,77.905,78.25,"Here's Why You Should Give Roper (ROP) Stock a Shot Now Roper Technologies ROP is benefiting from strength across all its segments. Successive acquisitions are driving the company’s top line. Strong cash flow generation capacity is supporting the company’s shareholder-friendly activities. Let’s delve deeper to unearth the factors that might make investing in this Zacks Rank #2 (Buy) company a smart choice now. Business Strength: Roper’s Application Software segment is benefiting from strength across its Deltek, Vertafore, Aderant, CliniSys and Data Innovations businesses. The segment’s growth is supported by strength in its recurring revenue stream, led by strong customer retention and continued migration to SaaS delivery models. The company expects organic growth of 6-8% for the segment in the fourth quarter of 2022. The Network Software segment is benefiting from strong performance of the U.S. and Canadian freight matching businesses. Strength across the Foundry business owing to solid innovation capability is driving the segment’s performance. Solid customer additions are aiding the iTradeNetwork business within the Network Software segment. For the fourth quarter, the company expects organic growth of 8-10%. With record orders and backlog levels, Roper’s Neptune business is fueling growth of the Technology Enabled Products segment. Strong ordering activity in the medical product business, including Verathon and Northern Digital, is a key growth driver for the segment. For the fourth quarter, the company expects organic growth of 5-7% for the segment. Roper Technologies, Inc. Price and Consensus Roper Technologies, Inc. price-consensus-chart | Roper Technologies, Inc. Quote Inorganic Growth Initiatives: Roper is carrying out successive acquisitions to expand its operations. In October 2022, the company acquired Frontline Education for $3.7 billion. The acquisition builds on Roper’s Horizon software business (which it acquired in 2008), expanding its presence in the K-12 education market. The acquisition is expected to contribute approximately $370 million to Roper’s revenues and $175 million to its EBITDA in 2023. In January 2022, the company acquired American LegalNet, which strengthened its Aderant business to provide comprehensive software solutions to its customers in the legal industry. Portfolio Restructuring: Roper has been divesting non-profitable/non-core assets or businesses to focus on its core areas of growth. In June 2022, the company entered into a deal with CD&R to sell its Process Technologies segment and industrial units of the Measurement & Analytical Solutions segment. The company expects after-tax proceeds from the transaction to enhance its capital-deployment ability by over 7 billion to acquire lucrative businesses. Subject to customary conditions, the transaction is expected to be completed by 2022-end. In March, the company sold its TransCore business. In fourth-quarter 2021, it completed the divestitures of Zetec and CIVCO Radiotherapy businesses. Improved Outlook: Following a strong third-quarter performance and to include the effect of Frontline acquisition, Roper raised its full-year outlook. For 2022, the company expects adjusted earnings per share from continuing operations of $14.09-$14.13 (previous view: $13.46-$13.62). Organic growth from continuing operations is expected to be 9% in 2022. For the fourth quarter, the company anticipates earnings per share of $3.72-$3.76. The company’s focus on investing in long term, sustainable organic growth along with product innovations should drive its growth going forward. Shareholder-Friendly Activities: Strong cash flow generation capacity supports Roper’s shareholder-friendly activities. In the third quarter, the company generated an adjusted free cash flow of $353 million, up 9.3% year over year. In the first nine months of 2022, ROP rewarded its shareholders with a dividend payment of $196.2 million, up 10.9% year over year. In November 2022, the company hiked its dividend by 10%. Northbound Estimate Revision: The Zacks Consensus Estimate for Roper’s 2022 earnings estimate has been revised upward by 3.9% in the past 60 days. The same for 2023 earnings has been revised northward by 3.1%. Other Stocks to Consider Some other stocks worth considering within the broader Computer and Technology sector are as follows: CoStar Group CSGP presently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter average surprise of 22.4%. You can see the complete list of today’s Zacks #1 Rank stocks. CoStar Group has an estimated earnings growth rate of 12.7% and 7.6% for the current year and the next year, respectively. Shares of the company have increased 12.9% in the past three months. Taboola.com Ltd. TBLA currently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter average surprise of 189.5%. Taboola.com has an estimated earnings growth rate of 230.8% and 5.9% for the current year and the next year, respectively. Shares of the company have gained 3.5% in the past three months. Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Roper Technologies, Inc. (ROP) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Taboola.com Ltd. (TBLA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-11-30,78.29,81.32,77.91,81.04,
CSGP,2022-12-01,81.15,83.07,81.0775,82.95,
CSGP,2022-12-02,82.75,83.775,81.63,83.46,
CSGP,2022-12-05,82.43,83.21,81.59,81.78,"[""Is Check Point Software Technologies (CHKP) Outperforming Other Computer and Technology Stocks This Year? Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Check Point Software (CHKP) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Check Point Software is one of 655 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Check Point Software is currently sporting a Zacks Rank of #2 (Buy). Over the past three months, the Zacks Consensus Estimate for CHKP's full-year earnings has moved 1.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Our latest available data shows that CHKP has returned about 14.5% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of -29.7% on a year-to-date basis. As we can see, Check Point Software is performing better than its sector in the calendar year. One other Computer and Technology stock that has outperformed the sector so far this year is CoStar Group (CSGP). The stock is up 5.6% year-to-date. For CoStar Group, the consensus EPS estimate for the current year has increased 13.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). To break things down more, Check Point Software belongs to the Security industry, a group that includes 7 individual companies and currently sits at #64 in the Zacks Industry Rank. On average, stocks in this group have lost 14.3% this year, meaning that CHKP is performing better in terms of year-to-date returns. CoStar Group, however, belongs to the Computers - IT Services industry. Currently, this 40-stock industry is ranked #77. The industry has moved -27.6% so far this year. Check Point Software and CoStar Group could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks. Zacks Names \""Single Best Pick to Double\"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It\u2019s a little-known chemical company that\u2019s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks\u2019 Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Check Point Software Technologies Ltd. (CHKP) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Is Check Point Software Technologies (CHKP) Outperforming Other Computer and Technology Stocks This Year? Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Check Point Software (CHKP) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Check Point Software is one of 655 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Check Point Software is currently sporting a Zacks Rank of #2 (Buy). Over the past three months, the Zacks Consensus Estimate for CHKP's full-year earnings has moved 1.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Our latest available data shows that CHKP has returned about 14.5% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of -29.7% on a year-to-date basis. As we can see, Check Point Software is performing better than its sector in the calendar year. One other Computer and Technology stock that has outperformed the sector so far this year is CoStar Group (CSGP). The stock is up 5.6% year-to-date. For CoStar Group, the consensus EPS estimate for the current year has increased 13.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). To break things down more, Check Point Software belongs to the Security industry, a group that includes 7 individual companies and currently sits at #64 in the Zacks Industry Rank. On average, stocks in this group have lost 14.3% this year, meaning that CHKP is performing better in terms of year-to-date returns. CoStar Group, however, belongs to the Computers - IT Services industry. Currently, this 40-stock industry is ranked #77. The industry has moved -27.6% so far this year. Check Point Software and CoStar Group could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks. Zacks Names \""Single Best Pick to Double\"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It\u2019s a little-known chemical company that\u2019s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks\u2019 Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Check Point Software Technologies Ltd. (CHKP) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2022-12-06,81.87,81.87,80.3301,80.96,
CSGP,2022-12-07,81.17,81.496,79.795,80.16,"3 Surefire Growth Stocks I Bought in 2022 This has been a brutal year for stock investors. Concern over decades-high inflation, rising interest rates, and a wavering economy has put the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average into bear market territory. While many investors went running, I used it as a buying opportunity. I invested in 24 new companies in 2022, a few of which are high-growth stocks that I feel hold abundant long-term opportunities. Airbnb (NASDAQ: ABNB), Blackstone (NYSE: BX), and CoStar Group (NASDAQ: CSGP) are three growth stocks I purchased this year that I'm especially bullish on. Here's why I feel these surefire stocks are positioned to make a big comeback in the next bull market. 1. Airbnb Airbnb's share price is down 44% this year, but it's no fault of the company. In fact, Airbnb has had its best year yet. The vacation rental listing platform has benefited from the reopening of the economy and high travel demand both internationally and domestically. Its third-quarter earnings beat analysts' estimates with a 25% increase in nightly bookings compared to last year. In turn, gross booking values (GBV), which is the income the company earns from booking fees, grew by 31% year over year. It reported net income of $1.2 billion for the quarter on top of its highest quarterly earnings before interest, taxes, depreciation, and amortization (EBITDA) on record. Investors are concerned about of the possibility of a recession and what that could do to a travel-related company such as Airbnb. But the company remains untouched with no signs of travel demand slowing. Today investors can purchase Airbnb stock for about 41 times its earnings, the lowest price-to-earnings multiple (P/E) since the company went public in 2020. I personally believe in the long-term vision of Airbnb and am loving the growth it's achieving right now despite the challenging macroeconomic environment. 2. Blackstone Blackstone is one of the largest alternative asset management firms in the world. It manages roughly $950 billion in assets for wealthy individuals, hedge funds, and other institutional investors, focusing on alternative investment such as real estate, life sciences, credit, and equity, among several others. Investor interest in alternative assets skyrocketed over the past year as the stock markets swooned amid high inflation and rising interest rates. The company saw a record inflow of funds in 2022 with the assets under management growing by 30% since last year. The revenue it earns for managing its assets for its clients, called fee-related earnings, rose by 51% since last year. The stock has taken quite a hit as of late. Investor concern over a real estate market slump has caused a growing number of investors in Blackstone's private real estate investment trust (REIT) to request withdrawals. The company is limiting redemptions to stop the panic from spreading, but its share price has taken a hit nonetheless. The stock is trading near its 52-week low and has a dividend yield of almost 6%. This high-growth stock has delivered a 26% annualized return during the past 10 years, a trend I see continuing over the next 10. Blackstone is well versed in distressed opportunistic investing. The company was one of the largest investors in real estate in the years after the Great Recession, profiting handsomely from discounted pricing. It's also flush with money, putting it in a strong liquidity and low-risk position even if the market were to turn. 3. CoStar Group CoStar Group is one of the few stocks that remarkably isn't down this year. The company, which sells real estate data and operates dozens of the largest and most popular real estate listing websites for commercial and residential housing, has seen tremendous growth in 2022. High demand for real estate in the years after the worst of the pandemic passed helped its revenue rise to record levels. CoStar Group's earnings this year have consistently beaten analysts' estimates with EBITDA, net income, and earnings per share growing in the double digits year over year. In response, its share price rose about 3% this year. Apartments.com, one of its largest and most popular websites, is driving much of its growth today. The company has been ramping up its marketing efforts and it's clearly working. Its net bookings for the nine months ended 2022 have already exceeded all of 2021. Its track record for delivering growth is hard to overlook when it comes to choosing high-growth stocks. It has delivered a 21% annualized return over the past two decades. Plus, CoStar Group has more than $4 billion in cash and cash equivalents, giving it plenty of buying power to acquire more companies in the coming years. Find out why Airbnb is one of the 10 best stocks to buy now Our award-winning analyst team has spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed their ten top stock picks for investors to buy right now. Airbnb is on the list -- but there are nine others you may be overlooking. Click here to get access to the full list! *Stock Advisor returns as of December 1, 2022 Liz Brumer-Smith has positions in Airbnb, Blackstone, and CoStar Group. The Motley Fool has positions in and recommends Airbnb, Blackstone, and CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-12-08,80.4,82.44,80.25,82.39,"How The Parts Add Up: SPYV Headed For $44 Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR Portfolio S&P 500 Value ETF (Symbol: SPYV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $43.77 per unit. With SPYV trading at a recent price near $39.56 per unit, that means that analysts see 10.65% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of SPYV's underlying holdings with notable upside to their analyst target prices are Occidental Petroleum Corp (Symbol: OXY), Pfizer Inc (Symbol: PFE), and CoStar Group, Inc. (Symbol: CSGP). Although OXY has traded at a recent price of $63.95/share, the average analyst target is 15.19% higher at $73.67/share. Similarly, PFE has 13.63% upside from the recent share price of $50.24 if the average analyst target price of $57.09/share is reached, and analysts on average are expecting CSGP to reach a target price of $90.60/share, which is 13.02% above the recent price of $80.16. Below is a twelve month price history chart comparing the stock performance of OXY, PFE, and CSGP: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET SPDR Portfolio S&P 500 Value ETF SPYV $39.56 $43.77 10.65% Occidental Petroleum Corp OXY $63.95 $73.67 15.19% Pfizer Inc PFE $50.24 $57.09 13.63% CoStar Group, Inc. CSGP $80.16 $90.60 13.02% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » Also see: • Top Ten Hedge Funds Holding NVVE • DIBS shares outstanding history • TMV Historical Stock Prices The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-12-09,82.93,82.93,80.62,80.7,
CSGP,2022-12-12,81.01,81.96,80.41,81.94,"CoStar Group To Be Added To NASDAQ 100 Index (RTTNews) - CoStar Group (CSGP), a provider of online real estate marketplaces, information, and analytics in the commercial and residential property markets, said that it will be added to the NASDAQ 100 Index, effective prior to the opening of trading on Monday, December 19, 2022. CoStar Group was founded by Andy Florance based on his vision to digitize the world's real estate. CoStar Group now operates over 25 brands and employs more than 5,600 people across 14 countries. The company became publicly traded via an initial public offering in 1998, raising $23 million. Additionally, CoStar Group was selected for inclusion in the S&P 500 Index, this past September. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-12-13,84.122,85.06,81.78,82.0,
CSGP,2022-12-14,81.93,82.87,80.75,81.26,
CSGP,2022-12-15,80.14,80.375,77.8,77.88,"Will We See a Santa Claus Rally? In a year full of twists and turns in the stock market, will we have a Santa Claus rally? Our Chief Equity Strategist and Economist, John Blank, is here now with that answer. 1. Before a losing streak last week, overall Traders have enjoyed a very solid stretch for stock returns after the U.S. midterms. So is it time for the Santa rally? 2. Historically December is a fairly good month for stocks. But with all the choppy back and forth action that started this month off, what are the chances stocks end the year just range bound? 3. There’s been a lot of downbeat remarks coming from “Wall Street Leaders” that inflation and recession concerns will push stocks lower in 2023. Is that what you see for the first half of the New Year? 4. What would have to happen for the market to stabilize next year? 5. What do you see as a threat to stocks in the first half? 6. There seems to be an interesting development though. Across the last month, stock market returns have been strongly positive for ETFs holding solely ex U.S. stocks. What’s up with that? 7. Is this the case with global stock markets also? 8. Major firms --located in Energy, Info Tech, & Financials sectors-- made it to your highlight list recently. Among them, Halliburton HAL, CoStar Group CSGP and Interactive Brokers IBKR. Our Chief Equity Strategist and Economist, John Blank on the markets with a bit of a look ahead to the New Year. Here’s wishing you the best of the holiday season whatever you celebrate. With John, I’m Terry Ruffolo. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers ""Most Likely for Early Price Pops."" Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-12-16,77.88,79.42,76.99,77.98,
CSGP,2022-12-19,77.12,78.49,77.1,77.16,
CSGP,2022-12-20,77.16,77.36,76.19,76.7,
CSGP,2022-12-21,77.06,78.28,76.06,77.94,
CSGP,2022-12-22,77.38,77.44,75.605,77.25,
CSGP,2022-12-23,77.03,77.62,76.355,76.89,
CSGP,2022-12-27,77.01,77.62,76.08,76.75,
CSGP,2022-12-28,76.97,77.495,75.91,76.05,
CSGP,2022-12-29,76.7,78.05,76.5,77.67,"3 IT Services Stocks to Buy From a Prospering Industry The Zacks Computers – IT Services industry has been benefiting from the ongoing digitization process globally. Initiatives to diversify IT services have been boons for CoStar Group CSGP, Fair Isaac FICO and Nutanix NTNX. Robust spending on cloud, Internet of Things (IoT), cyber security, data and analytics, artificial intelligence (AI), and automation is driving industry-wide growth. Solid demand for advanced IT-service infrastructure solutions for remote working and digital healthcare has been benefiting the prospects of the industry participants. Nevertheless, the industry participants are suffering from the lingering effects of the pandemic, challenging macroeconomic conditions, including raging inflation that has induced sluggishness in IT spending, impacting the adoption of consultation and transaction processing solutions. Declining PC sales are major headwinds. Industry Description The Zacks Computers – IT Services industry comprises companies that provide consultancy, communications, IT management & operations, cloud-based web development platform, customer relationship management, professional information solutions, and outsourcing services. The industry participants cater to a wide array of end markets, including manufacturing, banking, insurance, healthcare, government agencies and public sector institutions. Industry participants are focusing on the cyber-security business, the cloud computing market, the Big Data business and automation to bolster prospects. Digital transformation is helping companies to gain market share. What's Shaping the Future of the Computers - IT Services Industry? Sluggish IT Spending to Mar Prospects: The lingering effects of COVID-19 is hurting industry prospects. Sluggish spending across small and medium businesses due to higher inflation and component costs has impacted the adoption of IT services, primarily consulting service applications, infrastructure management and transaction processing platforms. The industry players are anticipated to bear the brunt of the slowdown in IT spending. Gartner projects IT spending to increase 5.1% in 2023, which is half of 10.2% growth witnessed in 2021. However, the figure is better than 0.8% estimated growth for 2022. Spending on IT services is expected to witness a 7.9% improvement, much better than 4.2% estimated growth for 2022 but lower than the 12.8% rise witnessed in 2021. Digitization Wave is a Tailwind: Most industry participants are in the process of modernizing their traditional legacy-oriented business processes in order to keep pace with the evolving IT services. The aim is to integrate synergies of emerging technologies, including cloud, IoT, AI and analytics. Increasing Internet penetration in emerging markets, particularly across the Asia Pacific, is another tailwind. New Normal Trends Boost Prospects: The industry’s growth is expected to accelerate in the days ahead on an increasing number of remote workers in the wake of the coronavirus crisis-induced hybrid work environment. In this era of digital transformation, enterprises are actively seeking a common ground between on-premise and cloud infrastructures, which will enable them to provide flexible and easily adaptable hybrid solutions. The coronavirus-triggered demand for remote working, digital healthcare and online-learning solutions has accelerated the adoption of digital transformation offerings among enterprises, which bodes well for the industry. Zacks Industry Rank Indicates Bright Prospects The Zacks Computers - IT Services is housed within the broader Zacks Computer And Technology Sector. It currently carries a Zacks Industry Rank #85, which places it in the top 34% of more than 250 Zacks industries. The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates bullish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1. The industry’s position in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. The aggregate earnings estimate revisions show that analysts are optimistic about this group’s earnings growth potential. Since Oct 30, 2022, the industry’s earnings estimates for the current year have increased 1.6%. Before we present the stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture. Industry Lags S&P 500, Outperforms Sector The Zacks Computers - IT Services Industry has underperformed the Zacks S&P 500 composite sector but has beaten the broader Zacks Computer and Technology in the past year. The industry has dropped 35.6% over this period against the S&P 500’s decline of 21.3% and the broader sector’s plunge of 38.1%. One-Year Price Performance Industry's Current Valuation On the basis of the trailing 12-month EV/EBITDA ratio, which is a commonly used multiple for valuing IT Services companies, the industry is currently trading at 27.30X, higher than the S&P 500’s 11.56X and the sector’s 8.39X. Over the past five years, the industry has traded as high as 50.68X and as low as 19.96X, with the median being 30.63X, as the chart below shows. EV/EBITDA Ratio (TTM) 3 Must Buy IT Services Stocks CoStar Group: The Washington, DC-based provider of information, analytics and online marketplaces to the commercial real estate industry in the United States and the U.K. is benefiting from the robust performance of the Apartments.com business. In third-quarter 2022, Apartments.com’s net new sales bookings surged a whopping 192% year over year, as apartment vacancy rates increased, leading to raised apartment advertisements. Rising vacancies are expected to increase the demand for advertising. CoStar Group currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for CoStar Group’s fiscal 2022 earnings has been unchanged at $9.66 per share over the past 30 days. CSGP shares have depreciated 5.2% in the past year. Price and Consensus: CSGP Fair Isaac: The Bozeman, MT-based company has been focusing on diversifying its product portfolio, specifically in the software business segment. The Zacks Rank #2 (Buy) company has been expanding its operations internationally to cater to a wider customer base, which is aiding top-line growth. Expanding product portfolio, leveraging advanced analytics, is helping customers make informed decisions. The Zacks Consensus Estimate for Fair Isaac’s fiscal 2023 earnings has been revised upward by 1.7% over the past 30 days to $9.96 per share. FICO shares have moved up 38.8% in the past year. Price and Consensus: FICO Nutanix: The San Jose, CA-based company is benefiting from the solid adoption of its hybrid cloud solutions and an expanding clientele. The adoption rate of this Zacks Rank #2 company’s AHV hypervisor has been strong, as customers continue to opt for it as a low-cost alternative to other vendor offerings. A healthy pipeline of big deals is another tailwind. NTNX is expected to benefit from the growth prospects of the hyper-converged infrastructure market in the long term. The Zacks Consensus Estimate for Nutanix’s fiscal 2023 earnings has been revised upward by 30.8% to 17 cents per share over the past 30 days. NTNX shares have declined 20.5% in the past year. Price and Consensus: NTNX Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Fair Isaac Corporation (FICO) : Free Stock Analysis Report Nutanix (NTNX) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2022-12-30,76.9,77.51,76.27,77.28,"[""Roper (ROP) Shares Up 9% in 6 Months: What's Aiding It? Shares of Roper Technologies ROP have gained 9% in the past six months against the industry\u2019s 5% decline. Strength across its segments, shareholder-friendly activities and benefits from acquisitions primarily drove the stock. Image Source: Zacks Investment Research Roper\u2019s Application Software segment is benefiting from strength across its Deltek, Vertafore, Aderant, CliniSys and Data Innovations businesses. The segment\u2019s growth is supported by strength in its recurring revenue stream, led by strong customer retention and continued migration to SaaS delivery models. For the fourth quarter of 2022, the company expects organic growth of 6-8% for the segment. The Network Software segment is benefiting from the strong performance of the United States and Canada freight matching businesses. Strength across the Foundry business, owing to solid innovation capability, is driving the segment\u2019s performance. Solid customer additions are aiding the iTradeNetwork business within the Network Software segment. For the fourth quarter, the company expects organic growth of 8-10%. With record orders and backlog levels, Roper\u2019s Neptune business is fueling growth of the Technology Enabled Products segment. Strong ordering activity in the medical product business, including Verathon and Northern Digital, is a key growth driver for the segment. For the fourth quarter, the company expects organic growth of 5-7% for the segment. Roper\u2019s measures to expand its operations through successive acquisitions are driving its growth. In October 2022, the company acquired Frontline Education for $3.7 billion. The acquisition builds on Roper\u2019s Horizon software business (which it acquired in 2008), expanding its presence in the K-12 education market. The acquisition is expected to contribute approximately $370 million to Roper\u2019s revenues and $175 million to its EBITDA in 2023. ROP raised its full-year outlook to include the benefits of this acquisition. For 2022, the company expects adjusted earnings per share from continuing operations of $14.09-$14.13 (previous view: $13.46-$13.62). Organic growth from continuing operations is expected to be 9% in 2022. Apart from the Frontline buyout, Roper acquired American LegalNet in January 2022, which strengthened its Aderant business. Acquisitions/divestitures boosted sales by 1% in the third quarter. In 2020, the company made several acquisitions, including Team TSI Corporation, Freight Market Intelligence Consortium, WELIS, Impact Financial Systems, Vertafore and EPSi. Strong cash flow generation capacity supports Roper\u2019s shareholder-friendly activities. In the third quarter, the company generated an adjusted free cash flow of $353 million, up 9.3% year over year. In the first nine months of 2022, ROP rewarded its shareholders with a dividend payment of $196.2 million, up 10.9% year over year. In November 2022, the company hiked its dividend by 10%. Zacks Rank & Key Picks Roper currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks within the broader Computer and Technology sector are as follows: CoStar Group CSGP presently sports a Zacks Rank #1 (Strong Buy). The company pulled off a trailing four-quarter average surprise of 22.4%. You can see the complete list of today\u2019s Zacks #1 Rank stocks. CoStar Group has an estimated earnings growth rate of 8.8% and 12.1% for 2022 and 2023, respectively. Shares of the company have gained 7.9% in the past three months. Taboola.com Ltd. TBLA currently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter average surprise of 189.5%. Taboola.com has an estimated earnings growth rate of 230.8% and 5.9% for 2022 and 2023, respectively. Shares of the company have gained 57.7% in the past three months. Zacks Names \""Single Best Pick to Double\"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It\u2019s a little-known chemical company that\u2019s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks\u2019 Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Roper Technologies, Inc. (ROP) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Taboola.com Ltd. (TBLA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Zacks Industry Outlook Highlights CoStar, Fair Isaac and Nutanix For Immediate Release Chicago, IL \u2013 December 30, 2022 \u2013 Today, Zacks Equity Research discusses CoStar Group CSGP, Fair Isaac FICO and Nutanix NTNX. Industry: IT Services Link: https://www.zacks.com/commentary/2033368/3-it-services-stocks-to-buy-from-a-prospering-industry The Zacks Computers \u2013 IT Services industry has been benefiting from the ongoing digitization process globally. Initiatives to diversify IT services have been boons for CoStar Group, Fair Isaac and Nutanix. Robust spending on cloud, Internet of Things (IoT), cyber security, data and analytics, artificial intelligence (AI), and automation is driving industry-wide growth. Solid demand for advanced IT-service infrastructure solutions for remote working and digital healthcare has been benefiting the prospects of the industry participants. Nevertheless, the industry participants are suffering from the lingering effects of the pandemic, challenging macroeconomic conditions, including raging inflation that has induced sluggishness in IT spending, impacting the adoption of consultation and transaction processing solutions. Declining PC sales are major headwinds. Industry Description The Zacks Computers \u2013 IT Services industry comprises companies that provide consultancy, communications, IT management & operations, cloud-based web development platform, customer relationship management, professional information solutions, and outsourcing services. The industry participants cater to a wide array of end markets, including manufacturing, banking, insurance, healthcare, government agencies and public sector institutions. Industry participants are focusing on the cyber-security business, the cloud computing market, the Big Data business and automation to bolster prospects. Digital transformation is helping companies to gain market share. What's Shaping the Future of the Computers - IT Services Industry? Sluggish IT Spending to Mar Prospects: The lingering effects of COVID-19 is hurting industry prospects. Sluggish spending across small and medium businesses due to higher inflation and component costs has impacted the adoption of IT services, primarily consulting service applications, infrastructure management and transaction processing platforms. The industry players are anticipated to bear the brunt of the slowdown in IT spending. Gartner projects IT spending to increase 5.1% in 2023, which is half of 10.2% growth witnessed in 2021. However, the figure is better than 0.8% estimated growth for 2022. Spending on IT services is expected to witness a 7.9% improvement, much better than 4.2% estimated growth for 2022 but lower than the 12.8% rise witnessed in 2021. Digitization Wave is a Tailwind: Most industry participants are in the process of modernizing their traditional legacy-oriented business processes in order to keep pace with the evolving IT services. The aim is to integrate synergies of emerging technologies, including cloud, IoT, AI and analytics. Increasing Internet penetration in emerging markets, particularly across the Asia Pacific, is another tailwind. New Normal Trends Boost Prospects: The industry\u2019s growth is expected to accelerate in the days ahead on an increasing number of remote workers in the wake of the coronavirus crisis-induced hybrid work environment. In this era of digital transformation, enterprises are actively seeking a common ground between on-premise and cloud infrastructures, which will enable them to provide flexible and easily adaptable hybrid solutions. The coronavirus-triggered demand for remote working, digital healthcare and online-learning solutions has accelerated the adoption of digital transformation offerings among enterprises, which bodes well for the industry. Zacks Industry Rank Indicates Bright Prospects The Zacks Computers - IT Services is housed within the broader Zacks Computer And Technology Sector. It currently carries a Zacks Industry Rank #85, which places it in the top 34% of more than 250 Zacks industries. The group\u2019s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates bullish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1. The industry\u2019s position in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. The aggregate earnings estimate revisions show that analysts are optimistic about this group\u2019s earnings growth potential. Since Oct 30, 2022, the industry\u2019s earnings estimates for the current year have increased 1.6%. Before we present the stocks that you may want to consider for your portfolio, let\u2019s take a look at the industry\u2019s recent stock-market performance and valuation picture. Industry Lags S&P 500, Outperforms Sector The Zacks Computers - IT Services Industry has underperformed the Zacks S&P 500 composite sector but has beaten the broader Zacks Computer and Technology in the past year. The industry has dropped 35.6% over this period against the S&P 500\u2019s decline of 21.3% and the broader sector\u2019s plunge of 38.1%. Industry's Current Valuation On the basis of the trailing 12-month EV/EBITDA ratio, which is a commonly used multiple for valuing IT Services companies, the industry is currently trading at 27.30X, higher than the S&P 500\u2019s 11.56X and the sector\u2019s 8.39X. Over the past five years, the industry has traded as high as 50.68X and as low as 19.96X, with the median being 30.63X. 3 Must Buy IT Services Stocks CoStar Group: The Washington, DC-based provider of information, analytics and online marketplaces to the commercial real estate industry in the United States and the U.K. is benefiting from the robust performance of the Apartments.com business. In third-quarter 2022, Apartments.com\u2019s net new sales bookings surged a whopping 192% year over year, as apartment vacancy rates increased, leading to raised apartment advertisements. Rising vacancies are expected to increase the demand for advertising. CoStar Group currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today\u2019s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for CoStar Group\u2019s fiscal 2022 earnings has been unchanged at $9.66 per share over the past 30 days. CSGP shares have depreciated 5.2% in the past year. Fair Isaac: The Bozeman, MT-based company has been focusing on diversifying its product portfolio, specifically in the software business segment. The Zacks Rank #2 (Buy) company has been expanding its operations internationally to cater to a wider customer base, which is aiding top-line growth. Expanding product portfolio, leveraging advanced analytics, is helping customers make informed decisions. The Zacks Consensus Estimate for Fair Isaac\u2019s fiscal 2023 earnings has been revised upward by 1.7% over the past 30 days to $9.96 per share. FICO shares have moved up 38.8% in the past year. Nutanix: The San Jose, CA-based company is benefiting from the solid adoption of its hybrid cloud solutions and an expanding clientele. The adoption rate of this Zacks Rank #2 company\u2019s AHV hypervisor has been strong, as customers continue to opt for it as a low-cost alternative to other vendor offerings. A healthy pipeline of big deals is another tailwind. NTNX is expected to benefit from the growth prospects of the hyper-converged infrastructure market in the long term. The Zacks Consensus Estimate for Nutanix\u2019s fiscal 2023 earnings has been revised upward by 30.8% to 17 cents per share over the past 30 days. NTNX shares have declined 20.5% in the past year. Why Haven\u2019t You Looked at Zacks' Top Stocks? Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation. See Stocks Free >> Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/ Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@zacks.com https://www.zacks.com Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Zacks Names \""Single Best Pick to Double\"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It\u2019s a little-known chemical company that\u2019s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks\u2019 Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fair Isaac Corporation (FICO) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Nutanix (NTNX) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-01-03,78.29,78.63,76.59,77.65,
CSGP,2023-01-04,78.595,78.8,77.45,78.0,
CSGP,2023-01-05,76.99,77.45,74.65,74.9,
CSGP,2023-01-06,75.8,77.32,74.1601,77.12,
CSGP,2023-01-09,77.46,78.5929,76.72,77.08,
CSGP,2023-01-10,76.61,77.85,76.14,77.83,
CSGP,2023-01-11,78.39,80.8,78.265,80.75,
CSGP,2023-01-12,80.33,80.505,79.3,80.32,
CSGP,2023-01-13,80.29,81.13,79.85,81.05,
CSGP,2023-01-17,81.11,81.15,79.52,79.62,
CSGP,2023-01-18,80.27,80.42,77.83,78.08,
CSGP,2023-01-19,77.32,78.27,76.53,76.62,
CSGP,2023-01-20,76.41,78.63,76.025,78.52,
CSGP,2023-01-23,78.52,79.99,78.29,78.75,
CSGP,2023-01-24,78.7,78.93,78.09,78.63,
CSGP,2023-01-25,77.47,78.38,76.36,77.37,"[""Consumer Sector Update for 01/25/2023: NWS,NWSA,FOX,FOXA,CSGP,REAL,CTC-A.TO,NEPT,NEPT.TO,KMB,CTC-A.TO Consumer stocks turned moderately higher late in midweek trading, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 0.5%, reversing an earlier retreat. In company news, News Corp (NWSA) gained 5.7% after the publisher late Tuesday confirmed talks with CoStar Group (CSGP) about a potential sale of its Realtor.com platform soon after media mogul Rupert Murdock also said he was calling off a proposed merger with Fox (FOXA), concluding \""a combination is not optimal for shareholders\"" at this time. RealReal (REAL) rose 4.3%, reversing a midday slide, after the luxury goods consignment seller said Canadian Tire (CTC-A.TO) executive John Koryl will become its new CEO on Feb. 6. He succeeds Rati Levesque and Robert Julian, who have shared interim chief executive duties since June 2022. They will return to their permanent jobs as chief operating officer and chief financial officer, respectively. Neptune Wellness (NEPT) rose 0.1%. The Canadian baby food company said it has secured a new factoring facility with Alterna Capital Solutions, which will provide Neptune with up to $5 million in funding over the next year in exchange for its accounts receivable. Kimberly-Clark (KMB) fell 1.9% after the consumer products company reported little change with its Q4 sales at $4.96 billion, trailing analyst estimates. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Notable Wednesday Option Activity: CSGP, WM, GOEV Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in CoStar Group, Inc. (Symbol: CSGP), where a total of 5,916 contracts have traded so far, representing approximately 591,600 underlying shares. That amounts to about 42.5% of CSGP's average daily trading volume over the past month of 1.4 million shares. Especially high volume was seen for the $75 strike put option expiring February 17, 2023, with 1,672 contracts trading so far today, representing approximately 167,200 underlying shares of CSGP. Below is a chart showing CSGP's trailing twelve month trading history, with the $75 strike highlighted in orange: Waste Management, Inc. (Symbol: WM) saw options trading volume of 6,420 contracts, representing approximately 642,000 underlying shares or approximately 42% of WM's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $162.50 strike call option expiring February 17, 2023, with 5,067 contracts trading so far today, representing approximately 506,700 underlying shares of WM. Below is a chart showing WM's trailing twelve month trading history, with the $162.50 strike highlighted in orange: And Canoo Inc (Symbol: GOEV) saw options trading volume of 30,899 contracts, representing approximately 3.1 million underlying shares or approximately 41.7% of GOEV's average daily trading volume over the past month, of 7.4 million shares. Particularly high volume was seen for the $1.50 strike call option expiring March 17, 2023, with 8,218 contracts trading so far today, representing approximately 821,800 underlying shares of GOEV. Below is a chart showing GOEV's trailing twelve month trading history, with the $1.50 strike highlighted in orange: For the various different available expirations for CSGP options, WM options, or GOEV options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 \u00bb Also see: \u0095 ROK Dividend Growth Rate \u0095 PLBC Dividend Growth Rate \u0095 ASBI Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-01-26,78.04,78.89,77.31,78.71,"Fair Isaac (FICO) Q1 Earnings and Revenues Surpass Estimates Fair Isaac (FICO) came out with quarterly earnings of $4.26 per share, beating the Zacks Consensus Estimate of $4.10 per share. This compares to earnings of $3.70 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.90%. A quarter ago, it was expected that this financial services company would post earnings of $4.40 per share when it actually produced earnings of $4.40, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Fair Isaac, which belongs to the Zacks Computers - IT Services industry, posted revenues of $344.87 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 1.18%. This compares to year-ago revenues of $322.36 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Fair Isaac shares have added about 7.4% since the beginning of the year versus the S&P 500's gain of 4.6%. What's Next for Fair Isaac? While Fair Isaac has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Fair Isaac: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $5.14 on $380.74 million in revenues for the coming quarter and $19.81 on $1.49 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, CoStar Group (CSGP), has yet to report results for the quarter ended December 2022. The results are expected to be released on February 21. This commercial real estate information and marketing provider is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of -2.9%. The consensus EPS estimate for the quarter has been revised 2.4% higher over the last 30 days to the current level. CoStar Group's revenues are expected to be $567.96 million, up 12.1% from the year-ago quarter. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!) Download Oil Market on Fire today, absolutely free. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fair Isaac Corporation (FICO) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-01-27,78.59,78.59,77.715,77.78,
CSGP,2023-01-30,77.47,78.45,77.25,77.9,"BlackRock Increases Position in CoStar Group (CSGP) Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 31.63MM shares of CoStar Group Inc (CSGP). This represents 7.8% of the company. In their previous filing dated February 1, 2022 they reported 23.95MM shares and 6.10% of the company, an increase in shares of 32.09% and an increase in total ownership of 1.70% (calculated as current - previous percent ownership). Analyst Price Forecast Suggests 20.14% Upside As of January 30, 2023, the average one-year price target for CoStar Group is $93.45. The forecasts range from a low of $76.76 to a high of $107.10. The average price target represents an increase of 20.14% from its latest reported closing price of $77.78. The projected annual revenue for CoStar Group is $2,552MM, an increase of 20.61%. The projected annual EPS is $1.51, an increase of 76.12%. Fund Sentiment There are 1371 funds or institutions reporting positions in CoStar Group. This is an increase of 217 owner(s) or 18.80%. Average portfolio weight of all funds dedicated to US:CSGP is 0.5831%, an increase of 3.9759%. Total shares owned by institutions increased in the last three months by 6.12% to 520,941K shares. What are large shareholders doing? Principal Financial Group holds 20,606,433 shares representing 5.07% ownership of the company. In it's prior filing, the firm reported owning 20,166,548 shares, representing an increase of 2.13%. The firm increased its portfolio allocation in CSGP by 26.54% over the last quarter. Bamco holds 19,254,880 shares representing 4.73% ownership of the company. In it's prior filing, the firm reported owning 19,237,520 shares, representing an increase of 0.09%. The firm increased its portfolio allocation in CSGP by 16.08% over the last quarter. Janus Henderson Group holds 14,510,824 shares representing 3.57% ownership of the company. In it's prior filing, the firm reported owning 14,657,464 shares, representing a decrease of 1.01%. The firm increased its portfolio allocation in CSGP by 24.03% over the last quarter. Baillie Gifford & holds 12,674,531 shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 12,934,361 shares, representing a decrease of 2.05%. The firm decreased its portfolio allocation in CSGP by 59.15% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 11,806,653 shares representing 2.90% ownership of the company. In it's prior filing, the firm reported owning 11,669,270 shares, representing an increase of 1.16%. The firm increased its portfolio allocation in CSGP by 21.60% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-01-31,78.14,78.53,77.4,77.9,"Amdocs (DOX) Beats Q1 Earnings and Revenue Estimates Amdocs (DOX) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.85%. A quarter ago, it was expected that this provider of computer systems integration would post earnings of $1.29 per share when it actually produced earnings of $1.29, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Amdocs, which belongs to the Zacks Computers - IT Services industry, posted revenues of $1.19 billion for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 0.78%. This compares to year-ago revenues of $1.1 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Amdocs shares have added about 0.3% since the beginning of the year versus the S&P 500's gain of 4.6%. What's Next for Amdocs? While Amdocs has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Amdocs: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.46 on $1.21 billion in revenues for the coming quarter and $5.84 on $4.87 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. CoStar Group (CSGP), another stock in the same industry, has yet to report results for the quarter ended December 2022. The results are expected to be released on February 21. This commercial real estate information and marketing provider is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of -2.9%. The consensus EPS estimate for the quarter has been revised 2.4% higher over the last 30 days to the current level. CoStar Group's revenues are expected to be $567.96 million, up 12.1% from the year-ago quarter. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amdocs Limited (DOX) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-02-01,77.88,79.59,76.445,79.01,"Dynatrace (DT) Q3 Earnings and Revenues Surpass Estimates Dynatrace (DT) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 13.64%. A quarter ago, it was expected that this software intellegence company would post earnings of $0.18 per share when it actually produced earnings of $0.22, delivering a surprise of 22.22%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Dynatrace, which belongs to the Zacks Computers - IT Services industry, posted revenues of $297.46 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 4.31%. This compares to year-ago revenues of $240.77 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Dynatrace shares have added about 0.3% since the beginning of the year versus the S&P 500's gain of 6.2%. What's Next for Dynatrace? While Dynatrace has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Dynatrace: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.21 on $292.32 million in revenues for the coming quarter and $0.83 on $1.12 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, CoStar Group (CSGP), has yet to report results for the quarter ended December 2022. The results are expected to be released on February 21. This commercial real estate information and marketing provider is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of -2.9%. The consensus EPS estimate for the quarter has been revised 2.4% higher over the last 30 days to the current level. CoStar Group's revenues are expected to be $567.96 million, up 12.1% from the year-ago quarter. Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dynatrace, Inc. (DT) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-02-02,79.7,80.35,78.88,80.01,
CSGP,2023-02-03,78.98,79.22,76.2403,76.58,
CSGP,2023-02-06,75.69,76.15,74.905,75.73,
CSGP,2023-02-07,75.7,78.08,74.96,77.855,
CSGP,2023-02-08,77.79,77.9,76.04,76.51,"[""Would This Acquisition Supercharge This Top Growth Stock? Over the past three decades, CoStar Group (NASDAQ: CSGP) has strategically used acquisitions to boost its growth. The real estate data and analytics company now has 24 companies and property-listing platforms under its umbrella and its next acquisition could be right around the corner. News Corp. has confirmed that CoStar Group is in talks with it to purchase Move Inc., the parent company of real estate analytics leader Realtor.com. The deal is far from finalized, but it's an exciting prospect for CoStar investors. Here's the deal Near the end of January 2022, news began spreading that CoStar Group was in private negotiations with Move to acquire Realtor.com for an estimated $3 billion. The talk now is that the deal is close. The transaction would give CoStar Group exposure to the residential real estate world through Realtor.com's agent services, data and analytics, and listing platform. CoStar Group largely specializes in commercial real estate, owning popular listing sites including Ten-X and LoopNet. The company has grown its presence in the residential world through the acquisitions of listing platforms Homes.com, Homesnap, and Realla. It also owns rental listing platforms Apartments.com, Apartment Finder, and ForRent.com, which help people find and secure rental housing. Acquiring Realtor.com and moving deeper into the world of homebuying and selling would undoubtedly help CoStar Group increase its earnings. It could earn a transaction fee for agents referred through the Realtor.com site, gain new bookings for advertising, and benefit from new market exposure through subsidiaries of Realtor.com like UpNest and Moving.com. It would also give the company more residential data points, allowing it to compete with major residential real estate tech companies Zillow Group and Redfin. CoStar Group has $4.7 billion in cash and cash equivalents on hand, so the company could easily complete this acquisition, which is rumored to be around $3 billion. But will the deal happen? The big concern is that federal regulations might block the transaction. The Federal Trade Commission (FTC) prevented CoStar Group from acquiring RentPath in 2020 because the acquisition would have given the company too much control over the rental listing marketplace. Since Realtor.com is a residential listing platform, the FTC could block the deal on similar grounds. Does this potential deal make CoStar Group a buy? Investors shouldn't buy CoStar solely because of this potential acquisition. There is no denying it would take the company to the next level in growth and market reach. However, there is no guarantee the deal will go through. But CoStar Group is still a worthwhile investment. I believe it is one of the best growth stocks in the market today, whether this deal materializes or not. The company has outperformed the broader market over the last decade with a total return of 696% and is up over the past year while big-name tech stocks are not. Marketing initiatives and recent acquisitions have helped consistently grow CoStar's revenue. As of its most recently reported earnings, bookings were up 62% year over year while revenue grew by 12%. If the company accomplishes its low-end outlook for its full year, revenue would grow by roughly 12% compared to the previous year, which would be in line with its year-over-year growth over the past several years. Investors have taken notice of the stock's healthy earnings, which has helped the shares grow by nearly 11% over the past 12 months. That means CoStar Group is trading at a premium: around 51 times its forward earnings estimates. I normally avoid premium-priced stocks, but CoStar Group is a company I see continuing to grow. Even if this acquisition doesn't go through, it will likely find another company to help boost its earnings and I think it's worth the premium price. 10 stocks we like better than CoStar Group When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of January 9, 2023 Liz Brumer-Smith has positions in CoStar Group. The Motley Fool has positions in and recommends CoStar Group, Redfin, and Zillow Group. The Motley Fool recommends the following options: short February 2023 $7 calls on Redfin. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Cerence (CRNC) Q1 Earnings and Revenues Surpass Estimates Cerence (CRNC) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this automotive artificial intelligence developer would post a loss of $0.24 per share when it actually produced a loss of $0.14, delivering a surprise of 41.67%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Cerence, which belongs to the Zacks Computers - IT Services industry, posted revenues of $83.66 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 8.70%. This compares to year-ago revenues of $94.43 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Cerence shares have added about 52.9% since the beginning of the year versus the S&P 500's gain of 8.5%. What's Next for Cerence? While Cerence has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Cerence: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.05 on $70.53 million in revenues for the coming quarter and -$0.05 on $282.98 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, CoStar Group (CSGP), is yet to report results for the quarter ended December 2022. The results are expected to be released on February 21. This commercial real estate information and marketing provider is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of -2.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. CoStar Group's revenues are expected to be $567.96 million, up 12.1% from the year-ago quarter. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers \""Most Likely for Early Price Pops.\"" Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cerence Inc. (CRNC) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-02-09,77.24,78.01,75.65,75.79,"Surprising Analyst 12-Month Target For FTC Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Large Cap Growth AlphaDEX Fund ETF (Symbol: FTC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $105.18 per unit. With FTC trading at a recent price near $95.42 per unit, that means that analysts see 10.23% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FTC's underlying holdings with notable upside to their analyst target prices are Live Nation Entertainment Inc (Symbol: LYV), ConocoPhillips (Symbol: COP), and CoStar Group, Inc. (Symbol: CSGP). Although LYV has traded at a recent price of $81.39/share, the average analyst target is 30.79% higher at $106.45/share. Similarly, COP has 22.42% upside from the recent share price of $110.79 if the average analyst target price of $135.63/share is reached, and analysts on average are expecting CSGP to reach a target price of $91.45/share, which is 19.53% above the recent price of $76.51. Below is a twelve month price history chart comparing the stock performance of LYV, COP, and CSGP: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET First Trust Large Cap Growth AlphaDEX Fund ETF FTC $95.42 $105.18 10.23% Live Nation Entertainment Inc LYV $81.39 $106.45 30.79% ConocoPhillips COP $110.79 $135.63 22.42% CoStar Group, Inc. CSGP $76.51 $91.45 19.53% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » Also see: • Duke Energy shares outstanding history • Top 10 Hedge Funds Holding Coterra Energy • GXO Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-02-10,75.29,76.04,74.71,75.96,
CSGP,2023-02-13,76.4,77.22,76.15,77.08,
CSGP,2023-02-14,76.59,77.7,75.8,76.78,"[""Earnings Preview: CoStar Group (CSGP) Q4 Earnings Expected to Decline CoStar Group (CSGP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2022. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 21. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise. Zacks Consensus Estimate This commercial real estate information and marketing provider is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of -2.9%. Revenues are expected to be $567.96 million, up 12.1% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for CoStar? For CoStar, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.59%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination makes it difficult to conclusively predict that CoStar will beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that CoStar would post earnings of $0.24 per share when it actually produced earnings of $0.30, delivering a surprise of +25%. Over the last four quarters, the company has beaten consensus EPS estimates four times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. CoStar doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. An Industry Player's Expected Results Another stock from the Zacks Computers - IT Services industry, Stem, Inc. (STEM), is soon expected to post loss of $0.22 per share for the quarter ended December 2022. This estimate indicates a year-over-year change of +4.4%. Revenues for the quarter are expected to be $179.26 million, up 239.6% from the year-ago quarter. The consensus EPS estimate for Stem, Inc. has been revised 10.1% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -5.51%. When combined with a Zacks Rank of #4 (Sell), this Earnings ESP makes it difficult to conclusively predict that Stem, Inc. will beat the consensus EPS estimate. The company could not beat consensus EPS estimates in any of the last four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks. See Stocks Now Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Stem, Inc. (STEM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""7 Great Growth Stocks to Buy in February InvestorPlace - Stock Market News, Stock Advice & Trading Tips Although macro uncertainty continues to loom over the stock market, don\u2019t view this as a sign to sit on the sidelines. If you are investing for the long haul, scores of strong opportunities are out there, including growth stocks to buy. Yes, with the rise in interest rates since last year, it\u2019s been a challenging time for growth. Yet, while lower-quality growth stocks may continue to be affected by rising rates, and other, more company-specific challenges, this isn\u2019t the case with the high-quality names in this category. Whether due to the strength of their respective managements, and/or because of factors such as secular growth trends, these stocks can not merely survive, but thrive, in this changing economic environment. So, what are some of the best growth stocks to buy today? Consider these seven. Each one is poised to be a long-term winner and currently earns either an A or B rating in Portfolio Grader. CEG Constellation Energy $86.57 CSGP CoStar Group $76.89 HAL Halliburton $39.56 LLY Eli Lilly $347.52 MELI MercadoLibre $347.52 TMUS T-Mobile US $146.23 URI United Rentals $458.19 Constellation Energy (CEG) Source: PopTika / Shutterstock Spun off from Exelon (NASDAQ:EXC) a year ago, Constellation Energy (NASDAQ:CEG) is technically classified as a utilities stock. However, it differs from regulated utilities such as its former corporate parent. Rather, Constellation generates electricity for sale in the competitive retail energy market. This business model is of course riskier than the traditional utilities business, yet with this risk comes greater opportunity for growth. That\u2019s the story here with CEG stock. Earnings per share (or EPS) are expected to grow by 46.7% this year, and 21.6% next year. On a longer timeframe, Constellation is well-positioned to benefit from improving sentiment for nuclear power. An increasing number of policymakers around the world are looking to nuclear power as the key to transition away from fossil fuels. Trading at a reasonable 28.9 times forward earnings, CEG earns an A rating in Portfolio Grader. CoStar Group (CSGP) Source: Casimiro PT / Shutterstock.com Washington, D.C.-based CoStar Group (NASDAQ:CSGP) is a diversified real estate services company. Best known for its public-facing platforms such as ApartmentFinder.com, LoopNet and BizBuySell, the company also provides information and analysis services to the commercial real estate industry. Sure, given the current situation with commercial real estate, I admit it may seem odd to consider CSGP stock one of the best growth stocks to buy. After all, isn\u2019t commercial real estate facing numerous headwinds right now? Yes, but given its subscription-based revenue model, and the strong need for its services, CoStar could stay resilient, despite the near-term weakness in the industry. Long-term, with its deep economic moat and other advantages, the company has a strong chance of continuing to grow at an above-average pace. This will enable B-rated CSGP to sustain its high valuation (51.6 times earnings) and climb up to higher prices. Halliburton (HAL) Source: Casimiro PT / Shutterstock.com Given the strong rise in energy prices over the past year, it\u2019s not surprising that Halliburton (NYSE:HAL) stock has performed well over this timeframe. Shares in the oilfield equipment and services firm are up by more than 20% in the past twelve months. But don\u2019t consider HAL stock to be a \u201cone and done\u201d situation. If you\u2019ve yet to enter a position in this strong growth opportunity, it\u2019s not too late to do so. As seen in the company\u2019s latest earnings results, there is strong demand for its products/services, which makes sense given that fossil fuel prices are still at elevated levels. As these trends continue, expect Halliburton to stay on an upward trajectory. In addition to solid appreciation potential, there\u2019s ample dividend growth potential with this B-rated energy stock. The company recently raised its quarterly payout by 33%, giving HAL a forward dividend yield of 1.64%. Eli Lilly (LLY) Source: Jonathan Weiss / Shutterstock.com In recent weeks, enthusiasm for Eli Lilly (NYSE:LLY) has waned. A top performer among pharma stocks during 2022, investors have shifted toward a more cautious stance with the stock lately. Yet, as I put it recently, instead of following the crowd out of LLY stock, the best move is to ignore the worrywarts, and take advantage of this pullback. For one, investors have likely overreacted to the latest sales numbers for Mounjaro, arguably the company\u2019s most promising new drug. Between the fact that Eli Lilly is still ramping up production, and the strong chance this type 2 diabetes treatment also receives regulatory approval for use as an obesity treatment, Mounjaro still has a shot at becoming a \u201cmega-blockbuster\u201d drug, generating tens of billions in annual sales. Along with other growth catalysts, and there\u2019s plenty that could shift sentiment back to bullish for this A-rated pharma stock. MercadoLibre (MELI) Source: rafapress / Shutterstock.com Over the past decade, MercadoLibre (NASDAQ:MELI) has been one of the top growth stocks to buy and hold. Shares in the Uruguay-based company, a dominant player in the Latin American e-commerce market, are up more than thirteen-fold during this time. That said, MELI stock was hit by last year\u2019s market downturn. While rallying more recently, shares remain down around 44% below their all-time closing high. I can understand why you may think MELI\u2019s glory days are long behind it. However, while future gains may come in more gradually, I wouldn\u2019t write off MercadoLibre just yet. As seen in its most recently released quarterly results, MercadoLibre continues to report above-average levels of revenue and earnings growth. Long-term forecasts call for earnings to rise nearly four times estimated 2022 earnings by 2025. Once economic and market conditions normalize, this B-rated stock will be on its way to higher prices. T-Mobile US (TMUS) Source: Shutterstock Among wireless carriers in the United States, T-Mobile US (NASDAQ:TMUS) ranks third in terms of market share. However, among telecom stocks, TMUS has been one of the better-performing names in the space. TMUS stock is up by double-digits over the past year. This company\u2019s main rivals have delivered a much less stellar performance during this time. Yet even as T-Mobile contends with issues such as a data breach, and as one sell-side analyst (MoffettNathanson\u2019s Craig Moffett) warns of \u201cgrowth deceleration,\u201d don\u2019t assume it\u2019s all middling returns from here for this B-rated telecom stock. Growth may slow in the coming year, but T-Mobile is guiding for between 5 million and 5.5 million subscriber additions this year. That\u2019s not all. The company also anticipates billions in additional cost-savings stemming from its 2020 merger with Sprint. Both these factors leave TMUS well-positioned to materially increase earnings in the next few years. United Rentals (URI) Source: Casimiro PT / Shutterstock.com United Rentals (NYSE:URI) may at first seem like just a value stock, with a low valuation that signals the market\u2019s low confidence in its future results. Given the current economic slowdown, you may assume that this equipment rental company is facing more challenging times ahead. However, take a closer look at URI stock, and it\u2019s clear that isn\u2019t the case. Rather than being a value stock, at risk of becoming a \u201cvalue trap,\u201d URI is instead one of the top growth stocks to buy. As demand for its services remains robust, earnings are expected to grow at a steady pace between now and 2025. This continued earnings growth could keep URI stock (B-rated in Portfolio Grader) in growth mode for years to come. In addition, the company\u2019s recent initiation of a dividend (1.51% forward yield), plus planned share repurchases, will help boost total returns. On the date of publication, Louis Navellier had a long position in TMUS. Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Louis Navellier, who has been called \u201cone of the most important money managers of our time,\u201d has broken the silence in this shocking \u201ctell all\u201d video\u2026 exposing one of the most shocking events in our country\u2019s history\u2026 and the one move every American needs to make today. The post 7 Great Growth Stocks to Buy in February appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-02-15,76.65,79.05,76.4,78.9,
CSGP,2023-02-16,77.58,79.3,77.44,78.18,"Grid Dynamics (GDYN) Earnings Expected to Grow: Should You Buy? Grid Dynamics (GDYN) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2022. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 23. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. Zacks Consensus Estimate This company is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of +10%. Revenues are expected to be $77.67 million, up 16.7% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Grid Dynamics? For Grid Dynamics, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +4.76%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination indicates that Grid Dynamics will most likely beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Grid Dynamics would post earnings of $0.12 per share when it actually produced earnings of $0.15, delivering a surprise of +25%. Over the last four quarters, the company has beaten consensus EPS estimates four times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Grid Dynamics appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. An Industry Player's Expected Results Among the stocks in the Zacks Computers - IT Services industry, CoStar Group (CSGP) is soon expected to post earnings of $0.34 per share for the quarter ended December 2022. This estimate indicates a year-over-year change of -2.9%. This quarter's revenue is expected to be $567.96 million, up 12.1% from the year-ago quarter. The consensus EPS estimate for CoStar has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.59%. When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that CoStar will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Grid Dynamics Holdings, Inc. (GDYN) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-02-17,77.66,78.3,77.08,77.56,"CoStar Group (CSGP) to Post Q4 Earnings: What's in Store? CoStar Group CSGP is slated to report its fourth-quarter 2022 earnings on Feb 21. CoStar expects revenues between $566 million and $571 million, indicating revenue growth of 12-13%. For the fourth quarter, the Zacks Consensus Estimate for revenues currently stands at $567.96 million, suggesting growth of 12.07% from the year-ago quarter. The consensus mark for earnings remained unchanged at 34 cents per share over the past 30 days, indicating a decline of 2.86% from the year-ago quarter. CoStar’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 22.43%. CoStar Group, Inc. Price and EPS Surprise CoStar Group, Inc. price-eps-surprise | CoStar Group, Inc. Quote Let’s see how things have shaped up for the upcoming announcement: Factors to Note CoStar’s fourth-quarter performance is likely to have benefited from expanding its product portfolio. Apartments.com sales are expected to have maintained the momentum witnessed in the third quarter. The platform revenues of $190 million, up 11% year over year. CoStar expects the growth rate to improve in the to-be-reported quarter. CoStar is expected to have witnessed a higher vacancy rate, thereby lower rent growth in the to-be-reported quarter. Moreover, challenging macroeconomic conditions, including higher inflation and looming recession fears, have been hurting consumer confidence, which did not benefit CoStar. What Our Model Says Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. CoStar has an Earnings ESP of -0.59% and currently carries a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks to Consider Here are a few companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases: Salesforce CRM has an Earnings ESP of +0.32% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Salesforce shares have declined 15.9% in the past year. CRM is set to report its fourth-quarter fiscal 2023 results on Mar 1. Bumble BMBL has an Earnings ESP of +275.00% and a Zacks Rank #3. Bumble shares have declined 14% in the past year. BMBL is set to report its fourth-quarter 2022 results on Feb 22. CrowdStrike CRWD has an Earnings ESP of +2.33% and a Zacks Rank #3. CRWD shares have declined 32.2% in the past year. CrowdStrike is set to report its fourth-quarter fiscal 2023 results on Mar 7. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report Bumble Inc. (BMBL) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-02-21,77.06,77.97,75.85,76.02,"[""News Corp Says No Longer In Talks With CoStar On Potential Sale Of Move Inc (RTTNews) - News Corp (NWSA, NWS) confirmed Tuesday that it is no longer engaged in discussions with CoStar Group Inc. (CSGP) regarding a potential sale of Move Inc, operator of Realtor.com. News Corp stated that it will continue to actively assess opportunities to support the company's strategy to optimize the value of its Digital Real Estate Services segment and otherwise maximize shareholder value. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group (CSGP) Beats Q4 Earnings and Revenue Estimates CoStar Group (CSGP) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11.77%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.24 per share when it actually produced earnings of $0.30, delivering a surprise of 25%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $573.35 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 0.95%. This compares to year-ago revenues of $506.79 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CoStar shares have added about 0.4% since the beginning of the year versus the S&P 500's gain of 6.2%. What's Next for CoStar? While CoStar has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CoStar: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.32 on $587.31 million in revenues for the coming quarter and $1.40 on $2.48 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Computer Task Group (CTG), another stock in the same industry, has yet to report results for the quarter ended December 2022. The results are expected to be released on February 23. This information technology staffing company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of -52%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Computer Task Group's revenues are expected to be $76.25 million, down 32.2% from the year-ago quarter. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500\u2019s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don\u2019t miss your chance to still be among the first to get in on these just-released stocks. See New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Computer Task Group, Incorporated (CTG) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group (CSGP) Beats Q4 Earnings and Revenue Estimates CoStar Group (CSGP) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11.77%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.24 per share when it actually produced earnings of $0.30, delivering a surprise of 25%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $573.35 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 0.95%. This compares to year-ago revenues of $506.79 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CoStar shares have added about 0.4% since the beginning of the year versus the S&P 500's gain of 6.2%. What's Next for CoStar? While CoStar has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CoStar: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.32 on $587.31 million in revenues for the coming quarter and $1.40 on $2.48 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Computer Task Group (CTG), another stock in the same industry, has yet to report results for the quarter ended December 2022. The results are expected to be released on February 23. This information technology staffing company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of -52%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Computer Task Group's revenues are expected to be $76.25 million, down 32.2% from the year-ago quarter. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500\u2019s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don\u2019t miss your chance to still be among the first to get in on these just-released stocks. See New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Computer Task Group, Incorporated (CTG) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar forecasts weak revenue as consumers cut spending on real estate Add details and background Feb 21 (Reuters) - Apartments.com owner CoStar Group CSGP.O on Tuesday forecast first-quarter revenue below Wall Street estimates, as inflation-wary people are spending less on real estate. Shares of the company, which provide online marketplaces for commercial and residential real estate and apartment rental listings among others, fell 15% in trading after the bell. The company said it expects revenue between $575 million and $580 million for the first quarter, compared with analysts' average estimate of $585.62 million, according to Refinitiv data. Earlier in January, Reuters reported that Rupert Murdoch withdrew a proposal to reunite News Corp NWSA.O and Fox Corp FOX.O as the company was also exploring a sale of Move Inc, which operates the Realtor.com website, to CoStar Group, according to a regulatory filing and sources familiar with the process. On an adjusted basis, CoStar earned 38 cents per share in the fourth quarter, compared with 36 cents per share, according to Refinitiv data. It reported revenue of $573 million, missing analysts' average estimate. (Reporting by Tiyashi Datta in Bengaluru; Editing by Shailesh Kuber) ((tiyashi.datta@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, Inc. Q4 Profit Increases, beats estimates (RTTNews) - CoStar Group, Inc. (CSGP) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates. The company's earnings totaled $124 million, or $0.31 per share. This compares with $93 million, or $0.24 per share, in last year's fourth quarter. Excluding items, CoStar Group, Inc. reported adjusted earnings of $153 million or $0.38 per share for the period. Analysts on average had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 13.0% to $573 million from $507 million last year. CoStar Group, Inc. earnings at a glance (GAAP) : -Earnings (Q4): $124 Mln. vs. $93 Mln. last year. -EPS (Q4): $0.31 vs. $0.24 last year. -Analyst Estimate: $0.36 -Revenue (Q4): $573 Mln vs. $507 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-02-22,72.6,74.85,70.68,72.13,"[""Nasdaq 100 Movers: CSGP, PANW In early trading on Wednesday, shares of Palo Alto Networks, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 11.9%. Year to date, Palo Alto Networks, registers a 33.9% gain. And the worst performing Nasdaq 100 component thus far on the day is CoStar Group, trading down 6.6%. CoStar Group is lower by about 8.1% looking at the year to date performance. Two other components making moves today are Constellation Energy, trading down 2.4%, and Diamondback Energy, trading up 4.4% on the day. VIDEO: Nasdaq 100 Movers: CSGP, PANW The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""US STOCKS-S&P ends down as Fed minutes fail to halt losing run By David French Feb 22 (Reuters) - The S&P 500 .SPX extended its losing streak to four sessions as Wall Street ended broadly lower on Wednesday, with investors cautious despite the latest guidance on rate policy from the U.S. central bank showing few surprises. Minutes from the Federal Reserve's Jan. 31-Feb. 1 meeting said that \""almost all\"" Fed officials agreed to slow the pace of increases in interest rates to a quarter of a percentage point. There was also solid backing though for the belief that the risks of high inflation remained a \""key factor\"" that would shape monetary policy and further rate hikes would be necessary until it was controlled. Such messaging carried few surprises versus what the Fed and its governors have been communicating in recent weeks, and stocks were broadly steady in the wake of the minutes' release, after choppy trading prior to their publication. However, a general weakening in the final hour of trading pushed both the S&P500 .SPX and the Dow Jones Industrial .DJIback into the red. The Nasdaq Composite .IXIC managed to scrape back into positive territory though in the final moments, ensuring its own losing streak was snapped at three. \""It's clear that the Fed is determined to keep on with its rate-hiking campaign, and they are going to do it even as recession risks grow,\"" said Ed Moya, senior market analyst at OANDA. \""And that's why, after digesting the minutes, you saw markets softening a little bit.\"" For the S&P, it is now on its longest negative run since mid-December, and finished below 4,000 points for the second straight day: a level not recorded since Jan. 20. The Dow fell 84.5 points, or 0.26%, to 33,045.09, the S&P lost 6.29 points, or 0.16%, to 3,991.05 and the Nasdaq added 14.77 points, or 0.13%, to 11,507.07. Despite the declines experienced by the S&P and the Dow, the falls were not as sharp as Tuesday's, which was the worst daily performance posted by markets in 2023. Following a market rout in 2022, the three major indexes logged monthly gains in January as investors hoped the Fed would pause its rate hikes and perhaps pivot around year-end. However, stocks have had a volatile run in February, as traders priced in higher interest rates for longer, assuming that inflation remains higher in a sturdy economy. Money market participants expect rates to peak at 5.35% by July and stay around those levels till the end of 2023. 0#FEDWATCH \""We'll see what happens with equities, but I think downward momentum should lead over the next couple of weeks,\"" said OANDA's Moya. Most of the 11 major S&P 500 sectors fell, with energy .SPNY and real estate .SPLRCRthe poorest performers. The duo declined 0.8% and 1%, respectively. The energy index has finished lower for seven straight sessions, as commodity prices have come under pressure from investor concerns over future economic growth and fuel demand. O/R Meanwhile, CoStar Group Inc CSGP.O fell 5.1% after the online real estate marketplaces provider said it was no longer in talks to buy Realtor.com owner Move Inc from News Corp NWSA.O - which, itself, closed 3.2% lower. Volume on U.S. exchanges was 10.58 billion shares, compared with the 11.61 billion average for the full session over the last 20 trading days. The S&P 500 posted four new 52-week highs and one new low; the Nasdaq Composite recorded 36 new highs and 110 new lows. (Reporting by Johann M Cherian and Medha Singh in Bengaluru and David French in New York; Editing by Marguerita Choy) ((johann.mcherian@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Financial Sector Update for 02/22/2023: BCO,MFIN,CSGP,NWS,NWSA Financial stocks were edging higher in Wednesday afternoon trading, with the NYSE Financial Index gaining less than 0.2% and the Financial Select Sector SPDR Fund (XLF) up 0.3%. The Philadelphia Housing Index was rising 1.1% and the Real Estate Select Sector SPDR Fund (XLRE) was marginally higher. Bitcoin was falling 3.2% to $23,822, while the yield for 10-year US Treasuries was slipping 40.9 basis points to 3.906%. In company news, The Brink's Company (BCO) added over 12% after the armored truck and automated teller machine company reported non-GAAP Q4 net income of $2.10 per share, up from $1.68 per share during the year-ago period and exceeding the two-analyst mean looking for $1.88-per-share normalized earnings. MidCap Financial Investment (MFIC) rose 3.6%, a day after the business development company reported investment income of $63.3 million for the quarter ended Dec. 31, up from $55 million a year earlier. CoStar Group (CSGP) declined 5%, a day after News Corp (NWSA) said it was no longer discussing a potential acquisition of CoStar's Move, the operator of Realtor.com, and the real estate services company projected net income and revenue for its Q1 and fiscal 2023 trailing Capital IQ analysts' expectations. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""US STOCKS-Wall St slightly higher as investors focus on Fed minutes By Johann M Cherian Feb 22 (Reuters) - Wall Street's main indexes edged higher in choppy trading on Wednesday, a day after their worst performance of the year, as investors awaited minutes from the Federal Reserve's policy meeting for fresh clues on the trajectory of interest rates. U.S. stocks shed more than 2% on Tuesday after a rebound in business activity in February stoked fears of interest rates staying higher for longer. Minutes from the Fed's Jan. 31-Feb. 1 meeting, due at 2:00 p.m. ET, are expected to detail the breadth of debate at the central bank about the rate hike path. \""Few members of the Fed have talked publicly about the case for a 50 bp hike and investors would want to gauge how serious that discussion is within the central bank,\"" said Matt Stucky, senior portfolio manager at Northwestern Mutual Wealth Management Co. New York Fed President John Williams, a voting member of the rate-setting committee this year, is scheduled to speak later in the day. Following a market rout in 2022, the three major indexes logged monthly gains in January as investors hoped the Fed would pause its rate hikes and perhaps pivot around year-end. However, stocks have had a volatile run in February, leaving the Dow flat for the year as traders priced in higher interest rates for longer, assuming that inflation remains higher in a sturdy economy. Money market participants expect rates to peak at 5.35% by July and stay around those levels till the end of 2023. 0#FEDWATCH Nine of the 11 major S&P 500 sectors gained, with consumer discretionary stocks .SPLRCD climbing 0.9%. Analysts polled by Reuters expect the S&P 500 index to advance 5% by year-end, but high-interest rates and inflation have led many strategists to predict a correction within the next three months. Growth names like Tesla Inc TSLA.O, Nvidia Corp NVDA.O, Qualcomm Inc QCOM.O and Amazon.com Inc AMZN.O edged higher as the yield on 10-year U.S. Treasury notes slid from multi-month highs. US/ Palo Alto Networks IncPANW.O rose 11.6% after the cybersecurity company raised its annual profit forecast. CoStar GroupCSGP.O dropped 4.0% as the online real estate marketplace provider said it was no longer in talks to buy Realtor.com-owner Move Inc from News Corp NWSA.O and forecast disappointing first-quarter revenue. The S&P index recorded three new 52-week highs and one new lows, while the Nasdaq recorded 21 new highs and 92 new low. (Reporting by Johann M Cherian and Medha Singh in Bengaluru; Editing by Arun Koyyur and Anil D'Silva) ((johann.mcherian@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Why CoStar Group Stock Dropped 5.2% This Morning What happened Shares of CoStar Group (NASDAQ: CSGP) had tumbled by 5.2% through noon ET Wednesday after the real estate information provider delivered a fourth-quarter report after the close Tuesday that missed analysts' earnings estimates. Ahead of the report, analysts had forecast CoStar would earn $0.36 per share on sales of $576 million. But in fact, CoStar earned only $0.31 per share on sales of $573 million -- and guided lower to boot. So what Sales grew 13% year over year at CoStar Group during the quarter -- par for the course in a year when total sales grew by 12% to $2.2 billion. And although investors seem disappointed by the fact that CoStar didn't hit Wall Street's earnings target, what CoStar did accomplish was pretty impressive. Quarterly sales grew 34% year over year to $0.93 per share -- a significant acceleration from the year-long total earnings growth of 26%. Indeed, CEO Andy Florance called 2022 \""an outstanding year\"" for CoStar. Now what In particular, net new bookings at the company's Apartments.com business hit a new record in Q4, rising 177% year over year. Florance predicted this will result in 20% or greater revenue growth for that subset of CoStar's business in 2023, and 13% year-over-year revenue growth for the company. So why are investors not happier with this prediction? Management is forecasting revenue in the $575 million to $580 million range for the first quarter, and nearly $2.5 billion for the year, which is a good start. However, CoStar did not give an estimate for earnings as calculated according to generally accepted accounting principles (GAAP). Instead, it predicted that non-GAAP earnings per share will be $0.25 to $0.26 in Q1, and in the range of $1.06 to $1.09 for the year. And that right there could be the problem. While it's not an apples-to-apples comparison, these non-GAAP predictions appear to imply a significant (16%) year-over-year decline in earnings in Q1. The good news is that earnings for the full year could perk up and deliver growth of 14% or greater. Still, the combination of an earnings miss in Q4 and a prediction of an earnings decline in Q1 has CoStar stock losing altitude today. Trading at a forward price-to-earnings ratio of 66 based on management's most optimistic earnings prediction, CoStar stock just plain looks overpriced. 10 stocks we like better than CoStar Group When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and CoStar Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 8, 2023 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CoStar Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar (CSGP) Q4 Earnings Top Estimates, Revenues Rise Y/Y CoStar Group CSGP reported fourth-quarter 2022 non-GAAP earnings of 38 cents per share, beating the Zacks Consensus Estimate by 11.76% and increasing 8.6% year over year. Revenues of $573.3 million beat the Zacks Consensus Estimate by 0.95% and increased 13.1% year over year. Top-Line Details CoStar revenues (38.2% of revenues) increased 15.1% year over year to $219.1 million. Apartments.com revenues increased 16% year over year to $198 million. Net new bookings jumped 177% year over year. CoStar launched Apartments.com in Canada in the fourth quarter, marking the brand's first expansion outside the United States. CoStar Group, Inc. Price and EPS Surprise CoStar Group, Inc. price-eps-surprise | CoStar Group, Inc. Quote The company\u2019s CoStar Lender product generated almost $6 million in net new sales and 140 new customers. Information Services revenues (7.1% of revenues) increased 13.3% year over year to $40.7 million. Multifamily revenues (34.5% of revenues) increased 16.4% year over year to $198 million. LoopNet revenues (10.7% of revenues) were up 12.1% year over year to $61.3 million. Fourth-quarter residential revenues (2.8% of revenues) were $16.2 million, declining 21.6% year over year. Other marketplace revenues (6.6% of revenues) increased 8.4% year over year to $38.1 million. Operating Details In the reported quarter, selling and marketing, and general and administrative expenses as a percentage of revenues increased 290 basis points (bps) and 230 bps, respectively, on a year-over-year basis. Software development expenses as a percentage of revenues decreased 20 bps, whereas customer base amortization expenses decreased 150 bps. The adjusted EBITDA margin in the fourth quarter of 2022 was 31.8%, contracting 640 bps year over year. Balance Sheet and Cash Flow Statement CoStar reported cash and cash equivalents of $4.97 billion as of Dec 31, 2022, compared with $4.78 billion as of Sep 30, 2022. The company, however, had a long-term debt of $989.2 million as of Dec 31, 2022. It generated $293.59 million in cash from operations compared with $293.6 million in the previous quarter. Guidance CoStar expects 2023 revenues between $2.46 billion and $2.48 billion, indicating revenue growth of 13% at the mid-point of this range. First-quarter 2023 revenues are expected between $575 million and $580 million, indicating year-over-year growth of 12% at the mid-point. The company expects adjusted EBITDA of $500-$520 million. For the first quarter of 2023, CoStar expects adjusted EBITDA of $111-$116 million. Earnings are expected between $1.06 and $1.09 per share for 2023. Moreover, earnings are expected between 25 and 26 cents per share for the first quarter. Stocks to Consider CoStar currently carries a Zacks Rank #3 (Hold). CSGP shares have gained 20.8% against the Zacks Computer and Technology sector\u2019s decline of 16.8% in the past year. Baidu BIDU, Everbridge EVBG and Frontier FYBR are some better-ranked stocks that investors can consider in the broader sector. All three stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today\u2019s Zacks #1 Rank (Strong Buy) stocks here. Baidu shares have declined 7.1% in the past year. BIDU is set to report its fourth-quarter 2022 results on Feb 22. Everbridge shares have declined 22.7% in the past year. EVBG is set to report its fourth-quarter 2022 results on Feb 22. Frontier shares have gained 6.1% in the past year. FYBR is set to report its fourth-quarter 2022 results on Feb 24. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Baidu, Inc. (BIDU) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Everbridge, Inc. (EVBG) : Free Stock Analysis Report Frontier Communications Parent, Inc. (FYBR) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""US STOCKS-Wall St inches higher as investors focus on Fed minutes By Johann M Cherian Feb 22 (Reuters) - Wall Street's main indexes edged up on Wednesday, a day after their worst performance of the year, as investors awaited minutes from the Federal Reserve's policy meeting for fresh clues on the trajectory of interest rates. U.S. stocks shed more than 2% on Tuesday after a rebound in business activity in February stoked fears of interest rates staying higher for longer. Minutes from the Fed's Jan. 31-Feb. 1 meeting, due at 2:00 p.m. ET, are expected to detail the breadth of debate at the central bank about the rate hike path. \""The obvious focus today is on the Fed minutes which would indicate that the inflation fight is still not over and that there are areas that are showing pockets of strength with the consumer still resilient,\"" said Peter Cardillo, chief market economist at Spartan Capital Securities. \""We expect all indicators to point to the Fed remaining hawkish in its inflation fight.\"" St. Louis Fed President James Bullard said the U.S. central bank needs to get inflation toward its 2% goal this year to avoid a repeat of the 1970s, when rates had to be repeatedly ratcheted up. New York Fed President John Williams, a voting member of the rate-setting committee this year, is scheduled to speak later in the day. Following a market rout in 2022, the three major indexes logged monthly gains in January as investors hoped the Fed would pause its rate hikes and perhaps pivot around the year-end. However, stocks have had a volatile run in February as traders priced in higher interest rates for longer, considering inflation remains elevated in the face of a sturdy economy. Money market participants expect rates to peak at 5.35% by July and stay around those levels till the end of 2023. At 10:02 a.m. ET, the Dow Jones Industrial Average .DJI was up 25.09 points, or 0.08%, at 33,154.68, the S&P 500 .SPX was up 1.41 points, or 0.04%, at 3,998.75, and the Nasdaq Composite .IXIC was up 11.20 points, or 0.10%, at 11,503.50. Six of the major S&P 500 sectors gained, with consumer discretionary stocks .SPLRCD adding 0.4%. A Reuters poll analysts expect the S&P 500 index to advance 5% by the end of the year, but high interest rates and inflation have led many strategists to predict a correction within the next three months. Growth names like Tesla Inc TSLA.O, Nvidia Corp NVDA.O, Qualcomm Inc QCOM.O and Amazon.com Inc AMZN.O edged higher as the yield on 10-year U.S. Treasury notes slid from multi-month highs. US/ Palo Alto Networks IncPANW.O rose 11.9% after the cybersecurity company raised its annual profit forecast. CoStar GroupCSGP.O dropped 6.2% as the online real estate marketplace provider said it was no longer in talks to buy Realtor.com-owner Move Inc from News Corp NWSA.O and forecast disappointing first-quarter revenue. U.S.-listed shares of Baidu IncBIDU.O advanced 3.4% on a fourth-quarter revenue beat and a new share repurchase plan. Advancing issues outnumbered decliners by a 2.10-to-1 ratio on the NYSE and by a 1.47-to-1 ratio on the Nasdaq. The S&P index recorded three new 52-week highs and one new low, while the Nasdaq recorded 13 new highs and 56 new lows. (Reporting by Johann M Cherian and Medha Singh in Bengaluru; Editing by Anil D'Silva and Arun Koyyur) ((johann.mcherian@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Slips On Decision Not To Acquire Real Estate Business From News Corp. (RTTNews) - CoStar Group, Inc. (CSGP) shares are declining more than 6 percent on Wednesday morning trade, after the company decided not to buy Move Real Estate Business from News Corp. The shares have been on a decline since February 15. Currently, shares are at $71.28, down 6.24 percent from the previous close of $76.02 on a volume of 2,166,133 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""US STOCKS-Futures stable after Wall St rout on rate worries For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures up: Dow 0.08%, S&P 0.06%, Nasdaq 0.10% Feb 22 (Reuters) - U.S. stock index futures were trading flat on Wednesday after Wall Street posted its worst performance of the year a day earlier as investors treaded cautiously ahead of the minutes from the Federal Reserve's latest rate-setting meeting. The main indexes shed more than 2% on Tuesday as investors interpreted a rebound in U.S. business activity in February to mean interest rates will need to stay higher for longer to control inflation. Minutes from the Fed's Jan.31-Feb.1 meeting, expected at 2:00 p.m. ET (1900 GMT), is anticipated to detail the breadth of debate at the central bank over how much further interest rates may need to be raised to slow inflation. Following a market rout in 2022, the three major indexes logged monthly gains in January as investors hoped the Fed would pause its rate hikes and perhaps turn a corner in its monetary policy tightening around the year-end. However, stocks have had a volatile run in February as traders priced in higher interest rates for longer, considering inflation still remains above the 2% target in the face of a sturdy economy. Money market participants expect rates to peak at 5.35% by July and stay around those levels till the end of 2023. At 07:13 a.m. ET, Dow e-minis 1YMcv1 were up 26 points, or 0.08%, S&P 500 e-minis EScv1 were up 2.5 points, or 0.06%, and Nasdaq 100 e-minis NQcv1 were up 12 points, or 0.1%. Among single stocks, Palo Alto Networks IncPANW.O rose 9.3% in premarket trading after the cybersecurity company raised its annual profit forecast. Rival Crowdstrike Holdings Inc CRWD.O gained 2%. U.S.-listed shares of Baidu IncBIDU.O advanced 6.6% after China's e-commerce beat fourth-quarter revenue estimates and announced a new share repurchase program. CoStar GroupCSGP.O dropped 15.2% as the online real estate marketplace provider said it was no longer in talks to buy Realtor.com owner Move Inc from News Corp NWSA.O and forecast disappointing first-quarter revenue. St. Louis Fed President James Bullard said rates will have to go north of 5% to tame inflation. New York Fed President John Williams, a voting member of the rate-setting committee this year, is scheduled to speak later in the day. (Reporting by Johann M Cherian and Medha Singh in Bengaluru; Editing by Arun Koyyur) ((johann.mcherian@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Pre-market Movers: IXHL, PET, MNPR, CSGP, ESPR\u2026 (RTTNews) - The following are some of the stocks making big moves in Wednesday's pre-market trading (as of 07.00 A.M. ET). In the Green Incannex Healthcare Limited (IXHL) is up over 30% at $3.31. Wag! Group Co. (PET) is up over 24% at $2.86. Esperion Therapeutics, Inc. (ESPR) is up over 16% at $6.49. Palo Alto Networks, Inc. (PANW) is up over 10% at $183.65. iQIYI, Inc. (IQ) is up over 8% at $7.88. Baidu, Inc. (BIDU) is up over 7% at $151.07. Fresenius Medical Care AG & Co. KGaA (FMS) is up over 7% at $22.16. Guess', Inc. (GES) is up over 6% at $22.40. In the Red Monopar Therapeutics Inc. (MNPR) is down over 17% at $2.78. CoStar Group, Inc. (CSGP) is down over 16% at $63.21. ZipRecruiter, Inc. (ZIP) is down over 15% at $19.58. Procaps Group S.A. (PROC) is down over 15% at $3.83. Esports Entertainment Group, Inc. (GMBL) is down over 13% at $5.15. Ambrx Biopharma Inc. (AMAM) is down over 12% at $3.97. Mizuho Financial Group, Inc. (MFG) is down over 10% at $2.83. Keysight Technologies, Inc. (KEYS) is down over 7% at $168.99. AngloGold Ashanti Limited (AU) is down over 6% at $16.95. Medifast, Inc. (MED) is down over 5% at $99.24. Matador Resources Company (MTDR) is down over 5% at $55.00. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-02-23,72.36,72.63,69.97,70.74,"[""Validea Guru Fundamental Report for CSGP - 2/23/2023 Below is Validea's daily guru fundamental report for COSTAR GROUP INC (CSGP). Of the 22 guru strategies we follow, CSGP rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth. COSTAR GROUP INC (CSGP) is a large-cap growth stock in the Business Services industry. The rating using this strategy is 77% based on the firm\u2019s underlying fundamentals and the stock\u2019s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. BOOK/MARKET RATIO: PASS RETURN ON ASSETS: PASS CASH FLOW FROM OPERATIONS TO ASSETS: PASS CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS RETURN ON ASSETS VARIANCE: PASS SALES VARIANCE: PASS ADVERTISING TO ASSETS: FAIL CAPITAL EXPENDITURES TO ASSETS: PASS RESEARCH AND DEVELOPMENT TO ASSETS: FAIL Detailed Analysis of COSTAR GROUP INC CSGP Guru Analysis CSGP Fundamental Analysis Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper \""Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis\"" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School. About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""GLOBAL MARKETS-Stocks fall, crude rebounds as higher rates expected By Chibuike Oguh NEW YORK, Feb 23 (Reuters) - Global equities were lower while crude oil edged up as traders braced for higher interest rates amid economic data that continued to show the strength of the U.S. economy and which validated the Federal Reserve's tight monetary policy stance. \""The Fed minutes yesterday were a bit hawkish and they said ongoing rate hikes would be necessary and that should obviously be negative for the market,\"" said Sandy Villere, portfolio manager at Villere & Co in New Orleans. On Wall Street, the Nasdaq erased earlier gains on better-than-expected revenue at chipmaker Nvidia Corp NVDA.O. The results drove the company's shares up 13%, along with shares of other semiconductor manufacturers. The Dow Jones Industrial Average .DJI fell 0.55% to 32,864.83, the benchmark S&P 500 .SPX lost 0.28% to 3,979.94 and the Nasdaq Composite .IXIC dropped 0.3% to 11,473.04. Brent crude futures LCOc1 rose 2.36%, to $82.50 a barrel, while West Texas Intermediate crude futures (WTI) CLc1 advanced 2.35% to $75.69 after six sessions of losses. U.S. Treasury yields edged lower in choppy trading, with those on the 10-year pulling back from three-month highs, as investors have priced in strong economic data. Benchmark 10-year Treasury notes US10YT=RR were down at 3.904%, while the yield curve measuring the gap between the two- and 10-year Treasury notes US2US10=RR was still inverted at minus 77.90 basis points, indicating a looming recession. The dollar retained its strength against its major peers. The dollar index =USD rose 0.201%, with the euro EUR= down 0.19% at $1.0581. Safe-haven gold prices slipped to their lowest in about two months as the U.S. dollar climbed. Spot gold XAU= dropped 0.2% to $1,820.95 an ounce, while U.S. gold futures GCc1 fell 0.45% to $1,823.70 an ounce. (Reporting by Chibuike Oguh in New York, editing by Anna Driver and Bernadette Baum) ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""GLOBAL MARKETS-Stocks steady as crude rebounds, Nvidia lifts chip sector By Huw Jones LONDON, Feb 23 (Reuters) - Global shares held their ground on Thursday as strong earnings from chip giant Nvidia prepared the ground for a firmer start on Wall Street. Oil prices recouped ground lost in earlier sessions, while the dollar index rose to is highest in nearly seven weeks, before later easing, as traders stuck to the view the U.S. Federal Reserve will keep raising rates by a quarter of a point at its next three meetings. Better-than-expected revenue at Nvidia NVDA.O after hours sent its shares up 9% on Wall Street, helping to push Nasdaq futures NQc1 1% higher on Thursday, along with shares in Taiwan Semiconductor Manufacturing Co 2330.TW, and European peers such as ASM International ASMI.AS and BE Semiconductor BESI.AS. The MSCI all country share index .MIWD00000PUS was barely firmer as the year's 4.5% advance stalled. In Europe, the STOXX .STOXX index of leading European companies was 0.3% higher, consolidating its 8.8% gain for the year to nearly wiping out much of last year's 13% loss. Nearly all Fed policymakers backed further slowing the pace of rate hikes, minutes of the U.S. central bank's last policy meeting showed on Wednesday, but it also indicated that curbing unacceptably high inflation would be the \""key factor\"" in how much further rates need to rise. \""It feels like we hit a bit of turning point where we are hearing more hawkish sentiment and central banks may hike rates a little bit more than expected a few weeks ago,\"" said Justin Onuekwusi, head of EMEA retail investments at Legal & General Investment Management. \""We've had data coming in stronger, so there is a risk that the momentum and enthusiasm is starting to wane in equity markets,\"" Onuekwusi said. Euro zone data on Thursday showed inflation was marginally higher in January than previously estimated, but confirming that price growth is past its peak though the European Central Bank has already promised another 50-basis point hike in March. Euro area bond yields headed back to multi-year highs in anticipation of further interest rate hikes. Bank of England rate setter Catherine Mann said the central bank should continue to raise borrowing costs, but her remarks had little impact on sterling. Ahead of the opening bell on Wall Street, Dow futures 1YMcv1 were up 0.3%, S&P 500 futures EScv1 gained 0.5%. The second reading of fourth quarter gross domestic product and weekly jobless claims data are due. STOCK RALLY FIZZLES The early-year rally in stocks has succumbed to a realisation that the Fed will continue to increase interest rates to cool the economy and tame inflation, analysts say. This has pushed safe-haven bond yields higher, making risky stocks less attractive, with the Fed's next meeting nearly a month away on March 22. The yield on 10-year Treasury US10YT=RR was slightly firmer at 3.9254%. Eren Osman, managing director of wealth management at Arbuthnot Latham & Co, said bond yields were starting to price in a higher terminal rate of 5.5% rather than 5.25% for the Fed. \""From the minutes of the Fed, I take out of it a bonus that they appear to be more balanced in their inflation outlook, they recognise risks to the economy are skewed to the downside,\"" Osman said. Markets were also bracing for a \""no landing\"" scenario where global economic growth is resilient and inflation stays higher for longer, leading investors to dial back appetite for risk assets and government debt, analysts said. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS touched its lowest level since Jan. 6 in early trade, but rose about 0.3% as the day wore on. The Bank of Korea also offered some relief by ending a year-long run of uninterrupted rate hikes with a pause, as expected. The Australian AUD=3 and New Zealand dollar NZD=D3 were both slightly firmer against the dollar. The euro EUR=EBS was little changed at $1.061. Wall Street indexes fell overnight and are eyeing their worst week of the year so far as stronger-than-forecast U.S. labour, inflation, retail sales and manufacturing figures have traders pricing interest rates staying higher for longer. .N Gold XAU= steadied at $1,827 an ounce. World FX rates YTDhttp://tmsnrt.rs/2egbfVh Asian stock marketshttps://tmsnrt.rs/2zpUAr4 US rate rise expectations have shot back uphttps://tmsnrt.rs/3ILc5Wr ECB still in rate-hiking mode to contain inflationhttps://tmsnrt.rs/3IpCrfh (Additional reporting by Dhara Ranasinghe, editing by Shounak Dasgupta and Susan Fenton) ((tom.westbrook@tr.com; +65 6973 8284)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-02-24,69.62,71.05,69.62,70.73,
CSGP,2023-02-27,71.47,71.9,70.63,70.89,
CSGP,2023-02-28,70.75,71.41,70.38,70.66,"New Strong Sell Stocks for February 28th Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Glencore GLNCY is a diversified natural resource company which operates in three groups like metals and minerals, energy products, and agricultural products. The Zacks Consensus Estimate for its current year earnings has been revised almost 19.3% downward over the last 60 days. CoStar Group CSGP is a provider of information services to the commercial real estate industry which includes wide array of digital service offerings like leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. The Zacks Consensus Estimate for its current year earnings has been revised 16.6% downward over the last 60 days. Capri Holdings CPRI is a provider of women’s and men’s accessories, footwear and ready-to-wear, as well as wearable technology, watches, jewellery, eyewear and a full line of fragrance products. The Zacks Consensus Estimate for its current year earnings has been revised 9.9% downward over the last 60 days. View the entire Zacks Rank #5 List. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers ""Most Likely for Early Price Pops."" Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Glencore PLC (GLNCY) : Free Stock Analysis Report Capri Holdings Limited (CPRI) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-03-01,70.3,70.68,69.83,70.03,"CoStar Group Enters Oversold Territory (CSGP) Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Wednesday, shares of CoStar Group, Inc. (Symbol: CSGP) entered into oversold territory, hitting an RSI reading of 28.9, after changing hands as low as $69.90 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 39.6. A bullish investor could look at CSGP's 28.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CSGP shares: Looking at the chart above, CSGP's low point in its 52 week range is $53.25 per share, with $85.37 as the 52 week high point — that compares with a last trade of $70.10. Find out what 9 other oversold stocks you need to know about » Also see: • DOV market cap history • Institutional Holders of MEIP • HUBB Average Annual Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-03-02,70.0,71.3,69.844,71.22,
CSGP,2023-03-03,71.14,72.755,71.14,72.41,
CSGP,2023-03-06,72.2,72.83,71.66,71.87,
CSGP,2023-03-07,72.1,72.385,70.41,70.64,
CSGP,2023-03-08,70.38,71.0,70.0,70.36,
CSGP,2023-03-09,70.65,70.69,68.7,68.87,
CSGP,2023-03-10,68.74,68.74,66.79,67.08,"Guru Fundamental Report for CSGP Below is Validea's guru fundamental report for COSTAR GROUP INC (CSGP). Of the 22 guru strategies we follow, CSGP rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth. COSTAR GROUP INC (CSGP) is a large-cap growth stock in the Business Services industry. The rating using this strategy is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. BOOK/MARKET RATIO: PASS RETURN ON ASSETS: PASS CASH FLOW FROM OPERATIONS TO ASSETS: PASS CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS RETURN ON ASSETS VARIANCE: PASS SALES VARIANCE: PASS ADVERTISING TO ASSETS: FAIL CAPITAL EXPENDITURES TO ASSETS: PASS RESEARCH AND DEVELOPMENT TO ASSETS: FAIL Detailed Analysis of COSTAR GROUP INC CSGP Guru Analysis CSGP Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper ""Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis"" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-03-13,66.85,67.785,66.28,66.84,
CSGP,2023-03-14,67.66,68.0,66.83,67.62,
CSGP,2023-03-15,66.905,67.54,66.07,67.35,
CSGP,2023-03-16,66.78,68.075,66.7,67.75,
CSGP,2023-03-17,67.46,67.92,66.4,66.93,
CSGP,2023-03-20,66.98,67.42,66.3918,66.76,
CSGP,2023-03-21,67.22,67.94,67.22,67.86,
CSGP,2023-03-22,67.81,67.81,65.93,65.99,
CSGP,2023-03-23,65.86,66.8,65.12,65.85,
CSGP,2023-03-24,65.85,67.17,65.37,67.14,
CSGP,2023-03-27,67.87,68.245,67.17,67.88,
CSGP,2023-03-28,67.79,68.16,67.03,67.4,"Zacks.com featured highlights CoStar, Definitive Healthcare, Montauk Renewables and Westrock Coffee For Immediate Release Chicago, IL – March 28, 2023 – Stocks in this week’s article are CoStar Group CSGP, Definitive Healthcare Corp. DH, Montauk Renewables Inc. MNTK and Westrock Coffee Co. WEST. 4 Toxic Stocks You Should Eliminate from Your Portfolio The ability to differentiate overhyped stocks from fairly priced ones makes investing foolproof. But in the complex marketplace, correctly priced stocks and over-bubble stocks are mingled in such a way that making a distinction between them becomes very difficult. Nevertheless, precisely pinpointing bloated toxic stocks on a regular basis and abandoning them at the right time is one of the secrets to a winning investment strategy. Toxic companies are usually vulnerable to external shocks and are characterized by high debt loads. The hype surrounding irrationally high-priced toxic stocks is usually short-lived as their current price exceeds the intrinsic value. These toxic stocks are bound to result in a loss for investors over time. Higher prices of toxic stocks can be ascribed to either an irrational exuberance associated with them or some serious fundamental drawbacks. If you own such bloated stocks for a long period of time, you are bound to see huge erosion of wealth. However, if you can correctly pick such toxic stocks, you may gain by resorting to an investing strategy called short selling. This strategy allows you to sell a stock first and then buy it when the price falls. While short selling excels in bear markets, it typically loses money in bull markets. So, just like identifying stocks with growth potential, pinpointing toxic stocks and discarding them at the right time is the key to guard your portfolio from big losses. CoStar Group, Definitive Healthcare Corp., Montauk Renewables Inc. and Westrock Coffee Co. are a few such toxic stocks. Here are four of the 25 toxic stocks that showed up on the screen: CoStar Group is a provider of information, analytics and online marketplaces to the commercial real estate industry in the United States and the U.K. The Zacks Consensus Estimate for CSGP’s 2023 EPS has moved south by 7 cents over the past 30 days. The consensus mark for 2024 EPS has been revised down by 5 cents over the past 30 days. CoStar Group currently carries a Zacks Rank #5 (Strong Sell) and has a VGM Score of F. Definitive Healthcare provides healthcare commercial intelligence. The company's SaaS platform creates new paths in the healthcare market. The Zacks Consensus Estimate for DH’s 2023 EPS has moved south by 1 cent over the past 30 days. The consensus mark for 2024 EPS has been revised down by 4 cents over the past 30 days. Definitive Healthcare currently carries a Zacks Rank #4 (Sell) and has a VGM Score of F. Montauk is a fully-integrated renewable energy company. It specializes in the management, recovery and conversion of biogas into renewable energy. The Zacks Consensus Estimate for MNTK’s 2023 EPS has moved south by 45 cents over the past 30 days. The consensus mark for 2024 EPS has been revised down by 55 cents over the past 30 days. Montauk currently carries a Zacks Rank #4 and has a VGM Score of C. Westrock is an integrated coffee, tea, flavors, extracts and ingredients solutions provider principally in the United States. The Zacks Consensus Estimate for WEST’s 2023 EPS has moved south by 7 cents over the past 30 days. The consensus mark for 2024 EPS has been revised down by 26 cents over the past 30 days. Westrock currently carries a Zacks Rank #4 and has a VGM Score of D. Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2070652/4-toxic-stocks-that-you-should-eliminate-from-your-portfolio Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the ""#1 site for screening stocks"" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 ""Strong Buys"" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. Follow us on Twitter: https://www.twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Zacks.com Phone: 312-265-9268 Email: pr@zacks.com Visit: https://www.zacks.com/ Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks ""Terms and Conditions of Service"" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Westrock Coffee Company (WEST) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Montauk Renewables, Inc. (MNTK) : Free Stock Analysis Report Definitive Healthcare Corp. (DH) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-03-29,68.14,68.51,67.74,68.21,
CSGP,2023-03-30,68.6,68.78,67.89,68.15,
CSGP,2023-03-31,68.36,69.015,68.035,68.85,
CSGP,2023-04-03,68.46,68.83,67.88,68.77,"SAIC (SAIC) Q4 Earnings and Revenues Surpass Estimates SAIC (SAIC) came out with quarterly earnings of $2.04 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $1.50 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25.15%. A quarter ago, it was expected that this information technology company would post earnings of $1.74 per share when it actually produced earnings of $1.90, delivering a surprise of 9.20%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. SAIC, which belongs to the Zacks Computers - IT Services industry, posted revenues of $1.97 billion for the quarter ended January 2023, surpassing the Zacks Consensus Estimate by 6.07%. This compares to year-ago revenues of $1.78 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. SAIC shares have lost about 3.1% since the beginning of the year versus the S&P 500's gain of 7%. What's Next for SAIC? While SAIC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for SAIC: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.83 on $1.99 billion in revenues for the coming quarter and $7.34 on $7.71 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, CoStar Group (CSGP), has yet to report results for the quarter ended March 2023. The results are expected to be released on April 25. This commercial real estate information and marketing provider is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of +9.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. CoStar Group's revenues are expected to be $578.96 million, up 12.2% from the year-ago quarter. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!) Download Oil Market on Fire today, absolutely free. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Science Applications International Corporation (SAIC) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-04-04,68.46,68.96,67.66,68.02,
CSGP,2023-04-05,67.67,68.15,67.67,67.75,
CSGP,2023-04-06,67.76,68.58,67.41,68.36,
CSGP,2023-04-10,67.99,69.0,67.22,68.82,
CSGP,2023-04-11,69.23,69.38,68.3,68.8,
CSGP,2023-04-12,69.47,69.55,68.5,68.59,
CSGP,2023-04-13,69.09,69.87,68.74,69.77,"VOT's Holdings Imply 16% Gain Potential Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard Mid-Cap Growth ETF (Symbol: VOT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $222.35 per unit. With VOT trading at a recent price near $191.78 per unit, that means that analysts see 15.94% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VOT's underlying holdings with notable upside to their analyst target prices are CoStar Group, Inc. (Symbol: CSGP), Apollo Global Management Inc (Symbol: APO), and DocuSign Inc (Symbol: DOCU). Although CSGP has traded at a recent price of $68.59/share, the average analyst target is 22.34% higher at $83.92/share. Similarly, APO has 19.77% upside from the recent share price of $62.58 if the average analyst target price of $74.95/share is reached, and analysts on average are expecting DOCU to reach a target price of $63.80/share, which is 17.11% above the recent price of $54.48. Below is a twelve month price history chart comparing the stock performance of CSGP, APO, and DOCU: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET Vanguard Mid-Cap Growth ETF VOT $191.78 $222.35 15.94% CoStar Group, Inc. CSGP $68.59 $83.92 22.34% Apollo Global Management Inc APO $62.58 $74.95 19.77% DocuSign Inc DOCU $54.48 $63.80 17.11% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » Also see: • Preferred Stock Investing 5th Edition eBook Download • HUBB shares outstanding history • Top Ten Hedge Funds Holding CLV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-04-14,69.48,69.97,68.67,69.22,
CSGP,2023-04-17,69.42,69.71,68.945,69.69,"January 2024 Options Now Available For CoStar Group (CSGP) Investors in CoStar Group, Inc. (Symbol: CSGP) saw new options begin trading today, for the January 2024 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 277 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CSGP options chain for the new January 2024 contracts and identified one put and one call contract of particular interest. The put contract at the $65.00 strike price has a current bid of $4.30. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $65.00, but will also collect the premium, putting the cost basis of the shares at $60.70 (before broker commissions). To an investor already interested in purchasing shares of CSGP, that could represent an attractive alternative to paying $69.29/share today. Because the $65.00 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.62% return on the cash commitment, or 8.72% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for CoStar Group, Inc., and highlighting in green where the $65.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $70.00 strike price has a current bid of $7.90. If an investor was to purchase shares of CSGP stock at the current price level of $69.29/share, and then sell-to-open that call contract as a ""covered call,"" they are committing to sell the stock at $70.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 12.43% if the stock gets called away at the January 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if CSGP shares really soar, which is why looking at the trailing twelve month trading history for CoStar Group, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing CSGP's trailing twelve month trading history, with the $70.00 strike highlighted in red: Considering the fact that the $70.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 11.40% boost of extra return to the investor, or 15.02% annualized, which we refer to as the YieldBoost. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 250 trading day closing values as well as today's price of $69.29) to be 35%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the Nasdaq 100 » Also see: • Top Ten Hedge Funds Holding VF • DUST Split History • Top Ten Hedge Funds Holding CBL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-04-18,70.0,70.26,69.86,69.86,
CSGP,2023-04-19,69.43,69.97,68.8,69.69,
CSGP,2023-04-20,69.27,69.94,68.75,69.01,"CoStar Group (CSGP) to Post Q1 Earnings: What's in Store? CoStar Group CSGP is slated to report first-quarter 2023 earnings on Apr 25. CoStar expects revenues between $575 million and $580 million, indicating revenue growth of 12% year over year at the midpoint of the range. For the first quarter, the Zacks Consensus Estimate for revenues currently stands at $578.96 million, suggesting growth of 12.24% from the year-ago quarter. The consensus mark for earnings has remained unchanged at 25 cents per share over the past 30 days, indicating a decline of 19.35% from the year-ago quarter. CoStar’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 20.2%. CoStar Group, Inc. Price and EPS Surprise CoStar Group, Inc. price-eps-surprise | CoStar Group, Inc. Quote Let’s see how things have shaped up for the upcoming announcement. Factors to Note CoStar’s first-quarter performance is likely to have suffered from the negative trends in the multifamily market. Supply has been outweighing demand, which does not bode well for CoStar’s top-line growth. Apartments.com witnessed positive monthly rent growth in January and February. However, raging inflation, challenging macroeconomic conditions, and higher interest rates have been dampening consumer confidence, which is expected to hurt CoStar’s to-be-reported quarter results. CoStar is expected to have witnessed a higher vacancy rate, thereby lower rent growth in the to-be-reported quarter. What Our Model Says Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. CoStar has an Earnings ESP of 0.00% and currently carries a Zacks Rank #5 (Strong Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Stocks to Consider Here are a few companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases: Meta Platforms META has an Earnings ESP of +7.78% and sports a Zacks Rank of 1, at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Meta shares are up 78.9% year to date. META is set to report first-quarter 2023 results on Apr 26. NETGEAR NTGR has an Earnings ESP of +15.79% and a Zacks Rank #2. NETGEAR shares are down 4.2% year to date. NTGR is set to report first-quarter 2023 results on Apr 26. Cloudflare NET has an Earnings ESP of +14.29% and a Zacks Rank #2. Cloudflare shares have gained 39.1% year to date. NET is set to report first-quarter 2023 results on Apr 27. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with ""black gold."" Zacks Investment Research has just released an urgent special report to help you bank on this trend. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations. Download your free report now to see them. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NETGEAR, Inc. (NTGR) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Cloudflare, Inc. (NET) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-04-21,69.16,70.07,68.96,70.0,
CSGP,2023-04-24,69.97,70.33,69.38,70.26,"Guru Fundamental Report for CSGP Below is Validea's guru fundamental report for COSTAR GROUP INC (CSGP). Of the 22 guru strategies we follow, CSGP rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth. COSTAR GROUP INC (CSGP) is a large-cap growth stock in the Business Services industry. The rating using this strategy is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. BOOK/MARKET RATIO: PASS RETURN ON ASSETS: PASS CASH FLOW FROM OPERATIONS TO ASSETS: PASS CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS: PASS RETURN ON ASSETS VARIANCE: PASS SALES VARIANCE: PASS ADVERTISING TO ASSETS: FAIL CAPITAL EXPENDITURES TO ASSETS: PASS RESEARCH AND DEVELOPMENT TO ASSETS: FAIL Detailed Analysis of COSTAR GROUP INC CSGP Guru Analysis CSGP Fundamental Analysis More Information on Partha Mohanram Partha Mohanram Portfolio About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper ""Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis"" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School. Additional Research Links Factor-Based Stock Portfolios Factor-Based ETF Portfolios Harry Browne Permanent Portfolio Ray Dalio All Weather Portfolio About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-04-25,69.85,70.06,68.47,68.5,"[""CoStar Group (CSGP) Q1 Earnings and Revenues Beat Estimates CoStar Group (CSGP) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.34 per share when it actually produced earnings of $0.38, delivering a surprise of 11.76%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $584.37 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 0.93%. This compares to year-ago revenues of $515.83 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CoStar shares have lost about 9.1% since the beginning of the year versus the S&P 500's gain of 7.8%. What's Next for CoStar? While CoStar has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CoStar: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.25 on $607.1 million in revenues for the coming quarter and $1.09 on $2.47 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Fair Isaac (FICO), has yet to report results for the quarter ended March 2023. The results are expected to be released on April 27. This financial services company is expected to post quarterly earnings of $5.20 per share in its upcoming report, which represents a year-over-year change of +11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Fair Isaac's revenues are expected to be $377.31 million, up 5.6% from the year-ago quarter. Zacks Names \""Single Best Pick to Double\"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It\u2019s a little-known chemical company that\u2019s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks\u2019 Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Fair Isaac Corporation (FICO) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, Inc. Q1 Profit Decreases, but beats estimates (RTTNews) - CoStar Group, Inc. (CSGP) revealed earnings for first quarter that decreased from last year but beat the Street estimates. The company's earnings came in at $87 million, or $0.21 per share. This compares with $89 million, or $0.23 per share, in last year's first quarter. Excluding items, CoStar Group, Inc. reported adjusted earnings of $118 million or $0.29 per share for the period. Analysts on average had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 13.2% to $584 million from $516 million last year. CoStar Group, Inc. earnings at a glance (GAAP) : -Earnings (Q1): $87 Mln. vs. $89 Mln. last year. -EPS (Q1): $0.21 vs. $0.23 last year. -Analyst Estimates: $0.25 -Revenue (Q1): $584 Mln vs. $516 Mln last year. -Guidance: Full year EPS guidance: $1.21 - $1.24 Full year revenue guidance: $2.465 - $2.48 bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-04-26,68.27,72.07,68.1,71.92,"CoStar Group (CSGP) Q1 Earnings Beat, Revenues Rise Y/Y CoStar Group CSGP reported first-quarter 2023 non-GAAP earnings of 29 cents per share, beating the Zacks Consensus Estimate by 16% but decreasing 6.5% year over year. Revenues of $584.4 million beat the Zacks Consensus Estimate by 0.93% and increased 13% year over year. Top-Line Details CoStar revenues (38.5% of revenues) increased 13.3% year over year to $225 million. Apartments.com revenues increased 20% year over year. Net new bookings jumped 17% year over year to $80 million. Information Services revenues (7.1% of revenues) increased 11.9% year over year to $41.6 million. Multifamily revenues (36.1% of revenues) increased 20.1% year over year to $210.7 million. LoopNet revenues (10.8% of revenues) were up 16.1% year over year to $63.2 million. CoStar Group, Inc. Price, Consensus and EPS Surprise CoStar Group, Inc. price-consensus-eps-surprise-chart | CoStar Group, Inc. Quote First-quarter residential revenues (2.3% of revenues) were $13.2 million, declining 27.2% year over year. Other marketplace revenues (5.2% of revenues) decreased 4.2% year over year to $30.6 million. Operating Details In the reported quarter, selling and marketing expenses jumped 57.1% year over year to $226.2 million. As percentage of revenues, selling and marketing expenses were 38.7% compared with 27.9% in the year-ago quarter. General and administrative expenses, as a percentage of revenues, increased 20 basis points (bps) on a year-over-year basis to 15.3%. Software development expenses, as a percentage of revenues, expanded 90 bps. Customer base amortization expenses contracted 130 bps on a year-over-year basis. The adjusted EBITDA margin in the first quarter of 2023 was 21% compared with 34.5% in the year-ago quarter. Balance Sheet and Cash Flow Statement CoStar reported cash and cash equivalents of $5.05 billion as of Mar 31, 2023, compared with $4.97 billion as of Dec 31, 2022. The company, however, had long-term debt of $989.5 million as of Mar 31, 2023, compared with $989.2 million as of Dec 31, 2022. It generated $123.22 million in cash from operations compared with $293.59 million in the previous quarter. Guidance CoStar expects 2023 revenues between $2.46 billion and $2.48 billion, indicating revenue growth of 13-14% for the year. Second-quarter 2023 revenues are expected between $603 million and $608 million, indicating year-over-year growth of 13% at the mid-point. The Zacks Consensus Estimate for the quarter’s revenues is pegged at $607.1 million. The company expects adjusted EBITDA of $505-$520 million. For the second quarter of 2023, CoStar expects adjusted EBITDA of $118-$123 million. Earnings are expected between $1.21 and $1.24 per share for 2023. Moreover, earnings are expected between 29 and 30 cents per share for the second quarter. The Zacks Consensus Estimate for the quarter’s earnings is pegged at 25 cents per share. Stocks to Consider CoStar currently carries a Zacks Rank #4 (Sell). CSGP shares have gained 14.2% against the Zacks Computer and Technology sector’s decline of 2.2% in the past year. Here are some better-ranked stocks in the broader sector. DigitalOcean DOCN, Arista Networks ANET, and Audioeye AEYE are some better-ranked stocks that investors can consider in the broader sector. All three companies carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. DigitalOcean shares have fallen 23.9% in the past year. DOCN is scheduled to release its first-quarter 2023 results on May 9. Arista Networks’ shares have risen 36.8% in the past year. ANET is scheduled to release its first-quarter 2023 results on May 1. Audioeye shares have gained 36.6% in the past year. AEYE is scheduled to report its first-quarter 2023 results on May 11. Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Audioeye, Inc. (AEYE) : Free Stock Analysis Report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-04-27,72.54,77.45,72.49,77.17,"[""CSGP Crosses Above Key Moving Average Level In trading on Thursday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed above their 200 day moving average of $73.74, changing hands as high as $75.47 per share. CoStar Group, Inc. shares are currently trading up about 4.9% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $53.505 per share, with $85.37 as the 52 week high point \u2014 that compares with a last trade of $75.30. The CSGP DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed above their 200 day moving average \u00bb Also see: \u0095 Transportation Dividend Stock List \u0095 WPT Videos \u0095 FSAC YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Company News for Apr 27, 2023 Chipotle Mexican Grill Inc.\u2019s (CMG) shares jumped 12.9% after reporting first-quarter 2023 adjusted earnings per share of $10.5, surpassing the Zacks Consensus Estimate of $8.89. Boyd Gaming Corp.\u2019s (BYD) shares rose 1.5% after the company reported first-quarter 2023 adjusted earnings per share of $1.71, outpacing the Zacks Consensus Estimate of $1.51. Shares of Equity Residential (EQR) fell 0.5% after posting first-quarter adjusted funds from operations per share of $0.87, missing the Zacks Consensus Estimate by a cent. Shares of CoStar Group Inc. (CSGP) climbed 5% after the company posted first-quarter 2023 adjusted earnings per share of $0.29, beating the Zacks Consensus Estimate of $0.25. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions \u2026 admits mistakes \u2026 challenges incorrect premises \u2026 rejects inappropriate requests. As one of the selected companies puts it, \u201cAutomation frees people from the mundane so they can accomplish the miraculous.\u201d Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Equity Residential (EQR) : Free Stock Analysis Report Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Needham Maintains Costar Group (CSGP) Buy Recommendation Fintel reports that on April 26, 2023, Needham maintained coverage of Costar Group (NASDAQ:CSGP) with a Buy recommendation. Analyst Price Forecast Suggests 19.49% Upside As of April 24, 2023, the average one-year price target for Costar Group is 85.94. The forecasts range from a low of 65.65 to a high of $105.00. The average price target represents an increase of 19.49% from its latest reported closing price of 71.92. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 13.37%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1501 funds or institutions reporting positions in Costar Group. This is an increase of 138 owner(s) or 10.12% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.50%, a decrease of 14.05%. Total shares owned by institutions decreased in the last three months by 2.59% to 507,461K shares. The put/call ratio of CSGP is 1.07, indicating a bearish outlook. What are Other Shareholders Doing? Principal Financial Group holds 19,676K shares representing 4.84% ownership of the company. In it's prior filing, the firm reported owning 20,606K shares, representing a decrease of 4.73%. The firm increased its portfolio allocation in CSGP by 0.37% over the last quarter. Bamco holds 19,110K shares representing 4.70% ownership of the company. In it's prior filing, the firm reported owning 19,255K shares, representing a decrease of 0.76%. The firm increased its portfolio allocation in CSGP by 14.46% over the last quarter. Janus Henderson Group holds 12,998K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 14,511K shares, representing a decrease of 11.64%. The firm decreased its portfolio allocation in CSGP by 5.24% over the last quarter. Baillie Gifford holds 12,675K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 12,934K shares, representing a decrease of 2.05%. The firm increased its portfolio allocation in CSGP by 9.89% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,354K shares representing 3.04% ownership of the company. In it's prior filing, the firm reported owning 11,807K shares, representing an increase of 4.43%. The firm increased its portfolio allocation in CSGP by 7.21% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. See all Costar Group regulatory filings. This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""JMP Securities Reiterates Costar Group (CSGP) Market Outperform Recommendation Fintel reports that on April 26, 2023, JMP Securities reiterated coverage of Costar Group (NASDAQ:CSGP) with a Market Outperform recommendation. Analyst Price Forecast Suggests 19.49% Upside As of April 24, 2023, the average one-year price target for Costar Group is 85.94. The forecasts range from a low of 65.65 to a high of $105.00. The average price target represents an increase of 19.49% from its latest reported closing price of 71.92. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 13.37%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1501 funds or institutions reporting positions in Costar Group. This is an increase of 138 owner(s) or 10.12% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.50%, a decrease of 14.05%. Total shares owned by institutions decreased in the last three months by 2.59% to 507,461K shares. The put/call ratio of CSGP is 1.07, indicating a bearish outlook. What are Other Shareholders Doing? Principal Financial Group holds 19,676K shares representing 4.84% ownership of the company. In it's prior filing, the firm reported owning 20,606K shares, representing a decrease of 4.73%. The firm increased its portfolio allocation in CSGP by 0.37% over the last quarter. Bamco holds 19,110K shares representing 4.70% ownership of the company. In it's prior filing, the firm reported owning 19,255K shares, representing a decrease of 0.76%. The firm increased its portfolio allocation in CSGP by 14.46% over the last quarter. Janus Henderson Group holds 12,998K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 14,511K shares, representing a decrease of 11.64%. The firm decreased its portfolio allocation in CSGP by 5.24% over the last quarter. Baillie Gifford holds 12,675K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 12,934K shares, representing a decrease of 2.05%. The firm increased its portfolio allocation in CSGP by 9.89% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,354K shares representing 3.04% ownership of the company. In it's prior filing, the firm reported owning 11,807K shares, representing an increase of 4.43%. The firm increased its portfolio allocation in CSGP by 7.21% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. See all Costar Group regulatory filings. This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-04-28,77.22,78.62,76.61,76.95,"Why Redfin Stock Slipped This Week What happened Shares of Redfin (NASDAQ: RDFN) slipped 14.5% this week, according to data from S&P Global Market Intelligence. The online real estate marketplace didn't post financial results, but a slew of data coming in about the state of the U.S. housing market has investors bearish on the stock. As of this writing, shares of Redfin are down around 40% over the past year and off 80% from all-time highs set in early 2021. So what Redfin makes money by taking a cut of every home sold through its platform, mortgage loan referrals, and its iBuying home-flipping business. So, the more people who are buying and selling homes in the United States, the better. With home prices near record highs and the average 30-year mortgage above 6%, home affordability has reached an all-time low in the United States. According to Redfin's own analysis, the monthly mortgage payment on the median asking price for a home in the United States is now $2,555, up from around $1,500 in 2020 and 2021 (and those weren't near all-time lows, either). This has priced out millions of potential homebuyers who cannot afford these monthly payments, drying up housing activity in the United States. In March, the seasonally adjusted annual rate of home sales was 4.44 million, down significantly from over 6 million during the heart of the pandemic and the post-great financial crisis average of around 5 million to 5.5 million. It doesn't take a genius to see how this will affect Redfin's business. In the fourth quarter of 2022, Redfin's revenue decreased 25% year over year to $479.7 million, while gross profit plummeted to $37.4 million. In all of 2022, the company posted an operating loss of $363 million. Unless housing activity picks up soon, these losses will likely continue throughout 2023. Now what Redfin stock is cheap, but it is not out of the woods yet. The company has never proven it can generate a consistent profit even during the 2020 and 2021 housing boom. It faces major competition from legacy players and companies like Zillow, CoStar, and Opendoor. While Redfin has become a well-known brand in real estate, it doesn't mean the stock is going to do well over the long haul. 10 stocks we like better than Redfin When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Redfin wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 24, 2023 Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CoStar Group, Opendoor Technologies, Redfin, and Zillow Group. The Motley Fool recommends the following options: short May 2023 $16 calls on Redfin. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-05-01,77.09,77.33,75.64,76.11,"Zacks.com featured highlights Dutch Bros, UBS, CoStar, and Semtech For Immediate Release Chicago, IL – May 1, 2023 – Stocks in this week’s article are Dutch Bros Inc. BROS, UBS Group AG UBS, CoStar Group, Inc. CSGP and Semtech Corp. SMTC. Discard These 4 Toxic Stocks to Safeguard Your Portfolio Toxic stocks may prove to be a threat to the performance of a portfolio. Such stocks may appear lucrative at first but turn out to be risky as one digs deeper. The risk of owning toxic stocks can be eliminated if investors remain vigilant about the performance of every stock that they own in their portfolio. The performance of a stock mainly depends on the underlying strength of the company, which, in turn, is dependent on financial flexibility, legal standing and management’s decisions. Most companies issue debt to raise money to grow their businesses. But the problem begins when those companies are unable to generate enough profits to pay off their liabilities. Stock prices of such insolvent companies get wiped out within a few days or even within a few hours. Such companies can be identified by careful examination of their financial statements, which reflect the financial position of the company. If the intrinsic value of the company appears lower than its stock price, the stock becomes overvalued and is prone to losing its value over time. This is when investors should consider discarding the stock. The stock price of a company also depends on management’s decision and legal challenges associated with the company. If management is inexperienced or has a track record of making poor decisions, the company’s future and ultimately the performance of the stock are bound to go downhill. Investors can prevent themselves from such risks by keeping abreast of latest news on the company. Diversification offers an opportunity to avoid the magnitude of losses associated with the risk of owning toxic stocks. Through diversification, one can invest in different stocks from different asset classes to limit their exposure to a particular stock. The detection and removal of a toxic stock at the correct time is crucial to overall portfolio health. If investors can accurately determine toxic stocks, they can take advantage of short selling, which is the process of selling stock at higher prices and buying them back at lower prices. Dutch Bros Inc., UBS Group AG, CoStar Group, Inc. and Semtech Corp. are a few toxic stocks that you should dump from your portfolio. Here are four of the 25 toxic stocks that showed up on the screen: Dutch Bros is an operator and franchisor of drive-thru shops, which focus on serving high-quality, hand-crafted beverages with unparalleled speed and superior services. The Zacks Consensus Estimate for BROS’s 2023 bottom line is pegged at a profit of 20 cents per share. The consensus mark has moved south from earnings of 36 cents per share to earnings of 20 cents per share over the past 90 days. Dutch Bros missed earnings estimates in two out of the last four quarters and beat once, with the average negative surprise being 11.9%. The company carries a Zacks Rank #5 (Strong Sell) and has a VGM Score of D. UBS is a bank and the core operating company of the UBS Group. The Zacks Consensus Estimate for the 2023 bottom line is pegged at a loss of 69 cents per share, implying a year-over-year deterioration of 130.67%. The consensus mark has moved south from a loss of 63 cents per share to a loss of 69 cents per share over the past seven days. UBS beat earnings estimates in two out of the four trailing quarters and missed twice, with the average surprise being 2.09%. The company carries a Zacks Rank #4 (Sell) and has a VGM Score of F. CoStar provides information services to the commercial real estate industry. The Zacks Consensus Estimate for CSGP’s 2023 bottom line is pegged at a profit of $1.09 per share, implying a year-over-year deterioration of 14.17%. The Zacks Consensus Estimate for the firm’s 2023 earnings has moved south from $1.16 per share to earnings of $1.09 per share over the past 60 days. CoStar beat earnings estimates in all four trailing quarters, with the average surprise being 21.52%. The company carries a Zacks Rank #4 and has a VGM Score of F. Semtech designs, manufactures and markets a wide range of analog and mixed-signal semiconductors for commercial applications. The Zacks Consensus Estimate for SMTC’s 2023 bottom line is pegged at a profit of 48 cents per share, implying a year-over-year deterioration of 82.86%. The Zacks Consensus Estimate for the firm’s 2023 bottom line has moved south from earnings of $2.16 per share to earnings of 48 cents per share over the past 30 days. Semtech beat earnings estimates in three out of the four trailing quarters and missed in one, with the average surprise being 2.18%. The company carries a Zacks Rank #4 and has a VGM Score of F. Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2086870/discard-these-4-toxic-stocks-to-safeguard-your-portfolio Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the ""#1 site for screening stocks"" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 ""Strong Buys"" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. Follow us on Twitter: https://www.twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Zacks.com Phone: 312-265-9268 Email: pr@zacks.com Visit: https://www.zacks.com/ Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks ""Terms and Conditions of Service"" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UBS Group AG (UBS) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Dutch Bros Inc. (BROS) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-05-02,76.17,76.18,74.24,74.75,
CSGP,2023-05-03,75.0,75.2797,73.6,73.7,
CSGP,2023-05-04,73.82,74.82,73.06,74.34,
CSGP,2023-05-05,74.52,74.9,74.27,74.6,
CSGP,2023-05-08,73.615,74.52,73.445,74.3,
CSGP,2023-05-09,74.32,74.8,73.88,74.0,
CSGP,2023-05-10,74.65,75.74,74.37,75.45,
CSGP,2023-05-11,75.44,75.635,74.63,74.97,
CSGP,2023-05-12,75.25,75.59,74.77,75.37,"Can You Still Buy the Nasdaq's Best-Performing April Stocks? After a terrible 2022, the Nasdaq has come roaring back in 2023. Even as the economy continues to teeter on the edge of a recession and stocks are still in a bear market, the tech-heavy Nasdaq has bounced back and is the best-performing of the three major indexes so far this year, up more than 17% year to date. In April the index traded flat as fears of a recession offset better-than-expected earnings reports from big tech stocks, but some top Nasdaq stocks jumped double digits. Keep reading to see the three top-performing stocks from the Nasdaq-100 in April to see if any of them are worth buying. 1. Intuitive Surgical (up 17% in April) Intuitive Surgical (NASDAQ: ISRG), the medical device company known for its da Vinci robotic surgical system, was the top-performing stock on the Nasdaq-100 in April, powered by a strong first-quarter earnings report. In its first-quarter earnings report, Intuitive Surgical beat estimates on the top and bottom lines, and raised its guidance for procedure growth from 12%-16% to 18%-21%. Revenue in the quarter increased by 14% to $1.7 billion, and global da Vinci procedures grew by 26%. Intuitive Surgical also benefits from its razor-and-blade model, as it now has an installed base of nearly 7,800 systems globally, and those customers need to purchase new components to keep using the system. As a result, the company's operating margin has expanded to 23% in the quarter. Intuitive Surgical is a longtime winner on the stock market, up 400% in the last decade and more than 14,000% since its IPO. The company still retains its competitive advantage thanks to the razor-blade model and its technology, making the stock a good bet to continue outperforming, though shares do look pricey currently. 2. Meta Platforms (up 13.4%) Facebook parent Meta Platforms (NASDAQ: META) has surged after plunging for much of 2022. In fact, the stock has more than doubled since it bottomed out last October as the company has committed to reining in costs, announcing two rounds of layoffs, and it said that monetization is improving at Reels, its short-form video product designed to compete with TikTok. Meta stock also jumped on its first-quarter earnings report after the social media giant posted better-than-expected revenue in the first quarter. Adjusted earnings per share would have been nearly flat with the quarter a year ago adjusting for the restructuring losses related to layoffs. While its metaverse project, Reality Labs, still remains a significant drag on its profits, the company is gaining traction in a number of other initiatives like Reels and AI, and it continues to grow its user base at both Facebook and across its other social media properties, showing its product continues to gain relevance even while conventional wisdom claims Facebook as a product is past its prime. The stock is still trading at a reasonable valuation, and the company looks set to return to profit growth, making now a good time to pick up shares. 3. CoStar Group (up 11.8%) Real estate specialist CoStar Group (NASDAQ: CSGP) rounds out the top-three Nasdaq-100 performers from April, and like Meta and Intuitive Surgical, it also jumped on its earnings report. The real estate industry has struggled over the past year as interest rates and transactions in both the residential and commercial markets have slowed significantly, but CoStar bucked those trends in its first-quarter earnings report. Revenue in the quarter rose 13% to $584 million, driven by 20% growth in Apartments.com. The company's expanded sales team delivered a 110% increase in net new bookings on Apartments.com and a 100% increase in bookings at LoopNet, its commercial real estate listings site. As the company stepped up those investments in its sales force, adjusted earnings per share fell from $0.31 to $0.29. Yet the results beat estimates on both the top and bottom lines, and the company sees steady profits for the rest of the year. CoStar stock is also expensive, but the company has carved out a leading position in real estate with valuable digital properties, and should see a jump in earnings when the real estate market bounces back. 10 stocks we like better than Meta Platforms When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Meta Platforms wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of May 8, 2023 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jeremy Bowman has positions in Meta Platforms. The Motley Fool has positions in and recommends CoStar Group, Intuitive Surgical, and Meta Platforms. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-05-15,75.49,76.26,75.15,75.98,
CSGP,2023-05-16,75.67,76.1199,75.01,75.87,"C3.ai (AI) Shares Jump on Upbeat Q4 Preliminary Earnings C3.ai AI reported strong preliminary results for fourth-quarter fiscal 2023. The enterprise AI software solution provider anticipates revenues between $72.1 million and $72.4 million, above the previous revenue guidance of $70-$72 million. The company also expects to become a profitable business on a non-GAAP basis by the end of fiscal 2024. The AI stock jumped 23.43% to close at $23.97 on May 15. C3.ai shares have soared 114.2% year to date, thanks to bolstering prospects, driven by the strong adoption of its AI software solutions. Top Line Benefits From Expanding Clientele C3.ai’s preliminary update expects revenues to remain flat at the mid-point on a year-over-year basis for the fiscal fourth quarter. This also beats the Zacks Consensus Estimate for fiscal fourth-quarter revenues of $70.97 million. Fiscal 2023 revenues are expected between $266.5 million and $266.8 million, better than the previous guidance of $264-$266 million. At the mid-point, this indicates 5.48% growth over the fiscal 2022 reported figure. C3.ai is expected to have benefited from an expanding clientele. In the fiscal fourth quarter, it closed 43 deals, including 19 pilots that were initiated in the quarter. C3.ai, Inc. Price and Consensus C3.ai, Inc. price-consensus-chart | C3.ai, Inc. Quote The company has also been benefiting from an active partner base that includes the likes of Google Cloud, AWS, Microsoft, Baker Hughes and Booz Allen. It has been strengthening its footprint in the federal end-market through its partnership with Booz Allen. C3.ai expects a fiscal fourth-quarter non-GAAP loss from operations between $23.7 million and $23.9 million, slightly narrower than the previous guidance of a loss of $24-$28 million. The fiscal 2023 loss from operations is expected between $68.2 million and $68.4 million, narrower than the previous guidance of a loss of $69-$73 million. Positive Free Cash Flow in Q4 C3.ai expects a free cash flow between $18 million and $19.4 million for the fiscal fourth quarter. For fiscal 2023, the free cash outflow is expected between $184.2 million and $185.6 million. Net cash flow from operating activities for the fiscal fourth quarter is expected between $28.1 million and $29.5 million. For fiscal 2023, net cash flow from operating activities is expected between $113.3 million and $114.7 million. Zacks Rank & Stocks to Consider C3.ai currently carries a Zacks Rank #3 (Hold). CoStar Group CSGP, Vertiv VRT and CyberArk CYBR are some better-ranked stocks in the broader Computer & Technology sector and Zacks Computers – IT Services industry. Costar and Vertiv currently sport a Zacks Rank #1 (Strong Buy), and CyberArk carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. However, all three stocks have underperformed C3.ai shares. CoStar shares have declined 1.7% year to date, underperforming the broader sector and the industry. The broader Computer & Technology sector has returned 22.7%, whereas the industry has gained 1.7% over the same time frame. The Zacks Consensus Estimate for CSGP’s second-quarter 2023 earnings stands at 30 cents per share, up 20% over the past 30 days. Vertiv shares have lost 10% year to date, underperforming the sector and the industry. The Zacks Consensus Estimate for VRTV’s second-quarter 2023 earnings stands at $5.01 per share, unchanged over the past 30 days. CyberArk shares have moved down 15.4% in the past year. The consensus mark for CYBR’s second-quarter 2023 loss stands at 15 cents per share, narrower by a penny over the past 30 days. 4 Oil Stocks with Massive Upsides Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with ""black gold."" Zacks Investment Research has just released an urgent special report to help you bank on this trend. In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations. Download your free report now to see them. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report C3.ai, Inc. (AI) : Free Stock Analysis Report CyberArk Software Ltd. (CYBR) : Free Stock Analysis Report Vertiv Holdings Co. (VRT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-05-17,76.03,76.7133,74.92,76.0,"Unusual Put Option Trade in Costar Group (CSGP) Worth $572.00K On May 17, 2023 at 14:10:51 ET an unusually large $572.00K block of Put contracts in Costar Group (CSGP) was sold, with a strike price of $85.00 / share, expiring in 2 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.00 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in CSGP options. This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted. What is the Fund Sentiment? There are 1494 funds or institutions reporting positions in Costar Group. This is an increase of 48 owner(s) or 3.32% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.50%, a decrease of 6.59%. Total shares owned by institutions decreased in the last three months by 3.25% to 496,860K shares. The put/call ratio of CSGP is 1.74, indicating a bearish outlook. Analyst Price Forecast Suggests 14.48% Upside As of May 11, 2023, the average one-year price target for Costar Group is 86.86. The forecasts range from a low of 65.65 to a high of $105.00. The average price target represents an increase of 14.48% from its latest reported closing price of 75.87. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 13.37%. The projected annual non-GAAP EPS is 1.51. What are Other Shareholders Doing? Principal Financial Group holds 19,277K shares representing 4.72% ownership of the company. In it's prior filing, the firm reported owning 19,676K shares, representing a decrease of 2.07%. The firm decreased its portfolio allocation in CSGP by 52.99% over the last quarter. Bamco holds 18,970K shares representing 4.64% ownership of the company. In it's prior filing, the firm reported owning 19,110K shares, representing a decrease of 0.74%. The firm decreased its portfolio allocation in CSGP by 20.93% over the last quarter. Janus Henderson Group holds 13,081K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 12,998K shares, representing an increase of 0.63%. The firm decreased its portfolio allocation in CSGP by 72.59% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,354K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 11,807K shares, representing an increase of 4.43%. The firm increased its portfolio allocation in CSGP by 7.21% over the last quarter. Baillie Gifford holds 12,341K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 12,675K shares, representing a decrease of 2.70%. The firm decreased its portfolio allocation in CSGP by 71.97% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Key filings for this company: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTI This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-05-18,76.0,78.16,75.735,78.03,"The Largest Commercial Real Estate Company Reveals 3 Factors Driving Downturn There's been a significant slowdown in commercial real estate, igniting concerns among investors about the health of this industry. Investors are on edge after the failure of three regional banks since March, as banks and businesses grapple with high interest rates. CBRE Group (NYSE: CBRE) is the world's largest commercial real estate company. Management discussed the slowdown in the industry during its recentearnings call The company shed light on several key factors that have led to a downturn in the market. Here's an overview of those factors and the investment opportunities you might consider. CBRE provides commercial real estate services and investments globally. The company is involved in property sales, mortgage origination, servicing, and property management for investors and occupants of commercial real estate. With more than 117 years in the industry, CBRE has the experience and knowledge to help us understand what's happening in commercial real estate. CBRE released its earnings at the end of April, and the results were lackluster, to put it kindly. In the first quarter, net revenue declined 4.5% from a year earlier, but its bottom line took a big hit, and net income fell 70%. While it performed better than expected, the company saw a greater-than-expected decline in property sales of 41% during the quarter. During itsearnings call Chief Executive Officer Robert Sulentic reviewed three factors weighing on commercial real estate. 1. Inflation and higher interest rates In the past couple of years, the U.S. and the rest of the world have seen an uptick in inflation. Last year, inflation reached the highest level in the U.S. since 1982. The Federal Reserve's dual mandate requires it to maximize employment and stabilize prices. It does this by controlling interest rates, which influence the amount of money in the economy. The Fed began raising interest rates in March 2022, which signaled the end of its easy monetary policies and ultra-low interest rates. Since then, the Fed has raised its federal funds rate, the overnight lending rate banks use among themselves, from nearly 0% to 5.25%. This change in interest rate is the fastest in at least 40 years, and mortgage rates reached their highest level since 2007. Data source: YCharts US Consumer Price Index YoY According to Goldman Sachs, $3.1 trillion in commercial real estate loans is outstanding. As these loans come due, they will have to be refinanced at higher rates. Higher interest rates make it more expensive for those investors looking to refinance their commercial real estate properties. 2. Stress in the banking system Higher interest rates have put stress on the banking system as well. The rapid pace of interest rate increases and poor risk management are the primary reasons SVB Financial's Silicon Valley Bank failed this March. Since then, investor have sold off bank stocks. Not only that, but banks are reconsidering their investment portfolios. Regional banks are giant lenders to commercial real estate. As reported by The Wall Street Journal, these banks hold about 67% of all commercial real estate loans outstanding Regional banks continue to lend to commercial real estate, but they are being much more selective about the loans they approve. As a result, those in commercial real estate are finding it more challenging to get funding. Image source: Getty Images. 3. Return to office and office utilization Finally, longer-term trends have affected commercial real estate, specifically office properties. During the pandemic lockdowns, office workers began working from home. Today many employers have set up remote work, or hybrid work arrangements where employees can work some days in the office and some days from home. As a result, the same amount of office space can support more workers. And for some businesses, they no longer need the office space at all. According to CoStar Group, 12.9% of office space is vacant -- which is a record high. As many of the leases on properties come up for renewal, tenants are reducing their office space. Investor takeaway The commercial real estate space faces some considerable headwinds. Loans are being refinanced, and at higher rates. Finding funding is getting more difficult as regional banks are more selective about who they lend to. Finally, trends toward work from home or hybrid-work arrangements reduce how much office space companies need. Some segments of the industry are faring better than others. According to CBRE, values for industrial and multifamily properties could recover over two to three years -- twice as fast as during the Great Recession. On the other hand, office properties will take twice as long to recover their lost value compared to the Great Recession. While the commercial real estate sector will continue to face challenges, patient investors should seek opportunities to buy good companies at discounted prices in those more resilient commercial real estate segments. I would avoid investing in companies specializing in office properties for the foreseeable future. However, the sell-off could be an excellent opportunity for long-term investors to invest in industrial and multifamily companies such as Prologis and Walker & Dunlop while their valuations are depressed. 10 stocks we like better than CBRE Group When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and CBRE Group wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of May 15, 2023 SVB Financial provides credit and banking services to The Motley Fool. Courtney Carlsen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CoStar Group, Goldman Sachs Group, Prologis, and Walker & Dunlop. The Motley Fool recommends SVB Financial. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-05-19,78.43,78.7,77.84,78.5,
CSGP,2023-05-22,78.66,80.0729,78.49,79.85,
CSGP,2023-05-23,79.69,79.825,78.2775,78.5,
CSGP,2023-05-24,78.34,78.87,78.08,78.66,
CSGP,2023-05-25,78.48,78.69,77.41,77.52,
CSGP,2023-05-26,77.5,78.68,77.07,78.49,
CSGP,2023-05-30,79.01,79.405,78.16,78.65,
CSGP,2023-05-31,78.63,79.62,78.38,79.4,
CSGP,2023-06-01,79.62,80.02,78.72,79.73,
CSGP,2023-06-02,80.11,82.13,80.1047,81.88,
CSGP,2023-06-05,81.91,82.44,81.395,82.0,
CSGP,2023-06-06,82.0,82.85,81.64,82.31,
CSGP,2023-06-07,82.29,82.43,79.53,79.65,
CSGP,2023-06-08,79.19,81.04,78.9,80.94,
CSGP,2023-06-09,80.28,80.67,79.24,80.14,
CSGP,2023-06-12,80.05,80.925,79.41,80.73,
CSGP,2023-06-13,80.75,82.2,80.425,81.96,"Best Momentum Stocks to Buy for June 13th Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June 13th: Eagle Materials Inc. EXP: This construction materials company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.9% over the last 60 days. Eagle Materials Inc Price and Consensus Eagle Materials Inc price-consensus-chart | Eagle Materials Inc Quote Eagle’s shares gained 21% over the last three months compared with the S&P 500’s advance of 10.4%. The company possesses a Momentum Score of A. Eagle Materials Inc Price Eagle Materials Inc price | Eagle Materials Inc Quote Greif, Inc. GEF: This industrial packaging products and services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.9% over the last 60 days. Greif, Inc. Price and Consensus Greif, Inc. price-consensus-chart | Greif, Inc. Quote Greif’s shares gained 18.3% over the last three months compared with the S&P 500’s advance of 10.4%. The company possesses a Momentum Score of A. Greif, Inc. Price Greif, Inc. price | Greif, Inc. Quote CoStar Group, Inc. CSGP: This information services company catering to the real estate sector has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.8% over the last 60 days. CoStar Group, Inc. Price and Consensus CoStar Group, Inc. price-consensus-chart | CoStar Group, Inc. Quote CoStar’s shares gained 19.4% over the last three months compared with the S&P 500’s advance of 10.4%. The company possesses a Momentum Score of B. CoStar Group, Inc. Price CoStar Group, Inc. price | CoStar Group, Inc. Quote See the full list of top ranked stocks here Learn more about the Momentum score and how it is calculated here. The New Gold Rush: How Lithium Batteries Will Make Millionaires As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%. Download the brand-new FREE report revealing 5 EV battery stocks set to soar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report Eagle Materials Inc (EXP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-06-14,81.96,83.0,81.665,82.8,"4 IT Services Stocks to Buy From a Prospering Industry The Zacks Computers – IT Services industry has been benefiting from ongoing digitization efforts globally. Robust spending on cloud, Internet of Things (IoT), cyber security, data and analytics, artificial intelligence (AI), and automation is driving industry-wide growth. Solid demand for advanced IT-service infrastructure solutions for hybrid working and digital healthcare has been benefiting the prospects of industry participants like ServiceNow NOW, CoStar Group CSGP, Amdocs DOX and Nutanix NTNX. Improving IT spending trends also bode well for these players. Nevertheless, the industry participants are suffering from challenging macroeconomic conditions that are elongating the sales cycle. The adoption of consultation and transaction processing solutions has been affected by an uncertain macro environment. Industry Description The Zacks Computers – IT Services industry comprises companies that provide consultancy, communications software and services, IT management and operations, cloud-based web development platform, customer relationship management, professional information solutions, real estate information and analysis, and outsourcing services. The industry participants cater to a wide array of end markets, including manufacturing, telecommunications, banking, insurance, healthcare, government agencies and public sector institutions. Industry participants focus on the cyber-security business, the cloud computing market, generative AI, IoT, and automation to bolster prospects. Offerings from industry participants help in improving engagement with customers, launching products and supporting new business models with enterprises going for digital transformation. What's Shaping the Future of the Computers ??? IT Services Industry? Digitization Wave is a Tailwind: Most industry participants are in the process of modernizing their traditional legacy-oriented business processes in order to keep pace with the evolving IT services. The aim is to integrate synergies of emerging technologies, including cloud, IoT, AI and analytics. Increasing Internet penetration in emerging markets, particularly across the Asia Pacific, is another tailwind. Hybrid Work Environment Boost Prospects: The industry’s growth is expected to accelerate in the days ahead on an increasing number of hybrid workers. In this era of digital transformation, enterprises are actively seeking a common ground between on-premise and cloud infrastructures, which will enable them to provide flexible and easily adaptable hybrid solutions. Improving IT Spending to Aid Prospects: Improving IT spending trends bode well for industry participants. Gartner projects IT spending to increase 5.5% in 2023, significantly higher than 0.5% growth witnessed in 2022. Spending on IT services is expected to witness a 9.1% improvement, much better than 3.5% growth for 2022. For 2024, projections remain bullish, with spending on IT services expected to grow 10.2%. Zacks Industry Rank Indicates Bright Prospects The Zacks Computers - IT Services is housed within the broader Zacks Computer And Technology Sector. It currently carries a Zacks Industry Rank #96, which places it in the top 38% of more than 250 Zacks industries. The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates bullish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1. The industry’s position in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. The aggregate earnings estimate revisions show that analysts are optimistic about this group’s earnings growth potential. Since Mar 31, 2023, the industry’s earnings estimates for the current year have increased 2.2%. Given the industry’s bullish prospects, there are a number of stocks worth buying. But before we present the stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture. Industry Lags S&P 500 & Sector The Zacks Computers - IT Services Industry has underperformed the S&P 500 composite sector and the broader Zacks Computer and Technology sector in the past year. The industry has returned 7% over this period compared with the S&P 500’s rise of 14.6% and the broader sector’s surge of 23.1%. One-Year Price Performance Industry's Current Valuation On the basis of the trailing 12-month EV/EBITDA ratio, which is a commonly used multiple for valuing IT Services companies, the industry is currently trading at 29.58X, higher than the S&P 500’s 13.17X and the sector’s 12.30X. Over the past five years, the industry has traded as high as 52.12X and as low as 20.92X, with the median being 31.56X, as the chart below shows. EV/EBITDA Ratio (TTM) 4 Must-Buy IT Services Stocks ServiceNow: This Santa Clara, CA-based company is benefiting from the rising adoption of its workflows by enterprises undergoing digital transformation. NOW’s new solutions — Automated service suggestions, Service Request Playbook and Workplace Scenario Planning — are helping it win new customers, thereby driving subscription revenues. Its strategic alliance with Microsoft is a tailwind. Its foray into generative AI with the launch of ServiceNow Generative AI Controller, Now Assist for Search and Now Assist for Virtual Agent promises further growth for this Zacks Rank #1 (Strong Buy) company. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for ServiceNow’s 2023 earnings of $9.59 per share has increased by a penny over the past 30 days. NOW shares have moved up 42.9% year to date. Price and Consensus: NOW CoStar Group: This Zacks Rank #1 company is benefiting from increasing traffic at its marketplaces, including Apartments.com, Homes.com, LoopNet Lands, BizBuySell, Belbex, and Bureaux Locaux. Apartments.com is benefiting from the growing number of properties on the platform (64,000 at the end of first-quarter 2023). Sales force expansion and excellent customer service are driving growth in clientele. The Zacks Consensus Estimate for CoStar’s 2023 earnings has been steady at $1.24 per share over the past 30 days. CSGP shares have returned 6.1% year to date. Price and Consensus: CSGP Amdocs: This leading provider of customer care, billing and order management systems for communications and Internet services is benefiting from a recurring revenue business model. Customer additions and solid demand for managed services are primary growth drivers. Amdocs’ growth momentum is expected to continue due to its initiatives to aid digital, media, network and cloud transformations of its clients. The acquisition of Openet has rapidly expanded its footprint in 5G (fifth-generation) cellular networks. Its solutions have been selected by the likes of AT&T and T-Mobile to bolster their 5G footprint. The consensus mark for this Zacks Rank #2 (Buy) company’s fiscal 2023 earnings has increased by a penny to $5.89 per share over the past 30 days. DOX shares are 5.5% year to date. Price and Consensus: DOX Nutanix: This San Jose, CA-based enterprise cloud operating system provider is benefiting from the solid adoption of its hybrid cloud solutions and an expanding clientele. Moreover, the adoption rate of Nutanix’s AHV hypervisor has been strong as customers continue to opt for it as a low-cost alternative to other vendor offerings. The consensus mark for this Zacks Rank #2 company’s fiscal 2023 earnings has surged by 29 cents to 49 cents per share over the past 30 days. NTNX shares are 14.7% year to date. Price and Consensus: NTNX Zacks Reveals ChatGPT ""Sleeper"" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other ""must buys."" Plus more. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ServiceNow, Inc. (NOW) : Free Stock Analysis Report Amdocs Limited (DOX) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Nutanix (NTNX) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-06-15,82.36,84.19,81.85,84.07,"[""Guru Fundamental Report for CSGP - Benjamin Graham Below is Validea's guru fundamental report for COSTAR GROUP INC (CSGP). Of the 22 guru strategies we follow, CSGP rates highest using our Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth. COSTAR GROUP INC (CSGP) is a large-cap growth stock in the Business Services industry. The rating using this strategy is 71% based on the firm\u2019s underlying fundamentals and the stock\u2019s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. SECTOR: PASS SALES: PASS CURRENT RATIO: PASS LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS LONG-TERM EPS GROWTH: PASS P/E RATIO: FAIL PRICE/BOOK RATIO: FAIL Detailed Analysis of COSTAR GROUP INC CSGP Guru Analysis CSGP Fundamental Analysis More Information on Benjamin Graham Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the \""Father of Value Investing\"" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios High Momentum Stocks Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Zacks Industry Outlook Highlights ServiceNow, CoStar Group, Amdocs and Nutanix For Immediate Release Chicago, IL \u2013 June 15, 2023 \u2013 Today, Zacks Equity Research discusses ServiceNow NOW, CoStar Group CSGP, Amdocs DOX and Nutanix NTNX. 4 IT Services Stocks to Buy From a Prospering Industry The Zacks Computers \u2013 IT Services industry has been benefiting from ongoing digitization efforts globally. Robust spending on cloud, Internet of Things (IoT), cyber security, data and analytics, artificial intelligence (AI), and automation is driving industry-wide growth. Solid demand for advanced IT-service infrastructure solutions for hybrid working and digital healthcare has been benefiting the prospects of industry participants like ServiceNow, CoStar Group, Amdocs and Nutanix. Improving IT spending trends also bode well for these players. Nevertheless, the industry participants are suffering from challenging macroeconomic conditions that are elongating the sales cycle. The adoption of consultation and transaction processing solutions has been affected by an uncertain macro environment. Industry Description The Zacks Computers \u2013 IT Services industry comprises companies that provide consultancy, communications software and services, IT management and operations, cloud-based web development platform, customer relationship management, professional information solutions, real estate information and analysis, and outsourcing services. The industry participants cater to a wide array of end markets, including manufacturing, telecommunications, banking, insurance, healthcare, government agencies and public sector institutions. Industry participants focus on the cyber-security business, the cloud computing market, generative AI, IoT, and automation to bolster prospects. Offerings from industry participants help in improving engagement with customers, launching products and supporting new business models with enterprises going for digital transformation. What's Shaping the Future of the Computers ??? IT Services Industry? Digitization Wave is a Tailwind: Most industry participants are in the process of modernizing their traditional legacy-oriented business processes in order to keep pace with the evolving IT services. The aim is to integrate synergies of emerging technologies, including cloud, IoT, AI and analytics. Increasing Internet penetration in emerging markets, particularly across the Asia Pacific, is another tailwind. Hybrid Work Environment Boost Prospects: The industry\u2019s growth is expected to accelerate in the days ahead on an increasing number of hybrid workers. In this era of digital transformation, enterprises are actively seeking a common ground between on-premise and cloud infrastructures, which will enable them to provide flexible and easily adaptable hybrid solutions. Improving IT Spending to Aid Prospects: Improving IT spending trends bode well for industry participants. Gartner projects IT spending to increase 5.5% in 2023, significantly higher than 0.5% growth witnessed in 2022. Spending on IT services is expected to witness a 9.1% improvement, much better than 3.5% growth for 2022. For 2024, projections remain bullish, with spending on IT services expected to grow 10.2%. Zacks Industry Rank Indicates Bright Prospects The Zacks Computers - IT Services is housed within the broader Zacks Computer And Technology Sector. It currently carries a Zacks Industry Rank #96, which places it in the top 38% of more than 250 Zacks industries. The group\u2019s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates bullish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1. The industry\u2019s position in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. The aggregate earnings estimate revisions show that analysts are optimistic about this group\u2019s earnings growth potential. Since Mar 31, 2023, the industry\u2019s earnings estimates for the current year have increased 2.2%. Given the industry\u2019s bullish prospects, there are a number of stocks worth buying. But before we present the stocks that you may want to consider for your portfolio, let\u2019s take a look at the industry\u2019s recent stock-market performance and valuation picture. Industry Lags S&P 500 & Sector The Zacks Computers - IT Services Industry has underperformed the S&P 500 composite sector and the broader Zacks Computer and Technology sector in the past year. The industry has returned 7% over this period compared with the S&P 500\u2019s rise of 14.6% and the broader sector\u2019s surge of 23.1%. Industry's Current Valuation On the basis of the trailing 12-month EV/EBITDA ratio, which is a commonly used multiple for valuing IT Services companies, the industry is currently trading at 29.58X, higher than the S&P 500\u2019s 13.17X and the sector\u2019s 12.30X. Over the past five years, the industry has traded as high as 52.12X and as low as 20.92X, with the median being 31.56X, as the chart below shows. 4 Must-Buy IT Services Stocks ServiceNow: This Santa Clara, CA-based company is benefiting from the rising adoption of its workflows by enterprises undergoing digital transformation. NOW\u2019s new solutions \u2014 Automated service suggestions, Service Request Playbook and Workplace Scenario Planning \u2014 are helping it win new customers, thereby driving subscription revenues. Its strategic alliance with Microsoft is a tailwind. Its foray into generative AI with the launch of ServiceNow Generative AI Controller, Now Assist for Search and Now Assist for Virtual Agent promises further growth for this Zacks Rank #1 (Strong Buy) company. You can see the complete list of today\u2019s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for ServiceNow\u2019s 2023 earnings of $9.59 per share has increased by a penny over the past 30 days. NOW shares have moved up 42.9% year to date. CoStar Group: This Zacks Rank #1 company is benefiting from increasing traffic at its marketplaces, including Apartments.com, Homes.com, LoopNet Lands, BizBuySell, Belbex, and Bureaux Locaux. Apartments.com is benefiting from the growing number of properties on the platform (64,000 at the end of first-quarter 2023). Sales force expansion and excellent customer service are driving growth in clientele. The Zacks Consensus Estimate for CoStar\u2019s 2023 earnings has been steady at $1.24 per share over the past 30 days. CSGP shares have returned 6.1% year to date. Amdocs: This leading provider of customer care, billing and order management systems for communications and Internet services is benefiting from a recurring revenue business model. Customer additions and solid demand for managed services are primary growth drivers. Amdocs\u2019 growth momentum is expected to continue due to its initiatives to aid digital, media, network and cloud transformations of its clients. The acquisition of Openet has rapidly expanded its footprint in 5G (fifth-generation) cellular networks. Its solutions have been selected by the likes of AT&T and T-Mobile to bolster their 5G footprint. The consensus mark for this Zacks Rank #2 (Buy) company\u2019s fiscal 2023 earnings has increased by a penny to $5.89 per share over the past 30 days. DOX shares are 5.5% year to date. Nutanix: This San Jose, CA-based enterprise cloud operating system provider is benefiting from the solid adoption of its hybrid cloud solutions and an expanding clientele. Moreover, the adoption rate of Nutanix\u2019s AHV hypervisor has been strong as customers continue to opt for it as a low-cost alternative to other vendor offerings. The consensus mark for this Zacks Rank #2 company\u2019s fiscal 2023 earnings has surged by 29 cents to 49 cents per share over the past 30 days. NTNX shares are 14.7% year to date. Why Haven\u2019t You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/ Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@zacks.com https://www.zacks.com Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers \""Most Likely for Early Price Pops.\"" Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amdocs Limited (DOX) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report ServiceNow, Inc. (NOW) : Free Stock Analysis Report Nutanix (NTNX) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-06-16,84.59,84.84,83.4685,84.14,"GRAPHIC-U.S. hotel markets recover from the pandemic; San Francisco an outlier By Doyinsola Oladipo NEW YORK, June 16 (Reuters) - A snapshot of 15 major U.S. hotel markets shows that travel to cities is rebounding, with one notable exception: San Francisco. Several hotel activity metrics, including average price per room, revenue per room, and supply growth, show most major cities have rebounded from the worst of the pandemic. Some, including Miami, Florida, and Austin, Texas, are seeing notable growth in both supply and revenue. However, San Francisco, a top 3 locale in the decade before the pandemic, is struggling. It faces a decline in tech jobs, slow return of Chinese travelers, reduced downtown traffic as more people work from home, and rising crime and homelessness that has tarnished the city's image. Revenue per available room (RevPAR), a key performance metric, for San Francisco was down 30% in May 2023 from the same month in 2019, data from hotel analytics firm STR shows. Daily room rates averaged $207.72 in May, down 14% from $242.51 in May 2019. Metrics like ADR and RevPAR are affected by seasonal trends but in San Francisco, the recovery is taking longer than in other major cities. Earlier this month, real estate investment trust Park Hotels & Resorts PK.N said it planned to remove two hotels in the city from its portfolio. Developer Unibail-Rodamco-Westfield URW.PA will transfer its Westfield San Francisco shopping mall to lenders after 20 years as it deals with declining customer visits. Hotel Council of San Francisco CEO Alex Bastian said the recovery has been slow partly because of the sluggish return of visitors from mainland China, the city's largest pre-pandemic tourist group. European travel to the city is at 2019 levels and may even surpass them this year, Bastian added. ""We are headed in the right direction."" Miami has seen the most growth, with average daily rates and revenue per available room up 36% and 23%, respectively. ""Miami has been on a fairly seismic run when it comes to hospitality metrics,"" said Scott Berman, board member of the Greater Miami and the Beaches Hotel Association. ""I don't know a hospitality operator that doesn't want to be in this market."" Miami is ""the poster child"" for strong leisure and healthy business demand as companies move their headquarters to Florida, said Jan Freitag, national director for hospitality analytics at commercial real estate analytics firm CoStar Group. San Francisco is an ""unfortunate outlier,"" with companies still not back in the office and concern about social issues curtailing business and leisure travel, Freitag said. ""Those two markets are in essence the main storyline of the hotel industry after the pandemic."" Hotel room revenue up in most cities - but not San Francisco https://tmsnrt.rs/3qPvnTW Hotel room supply picks up in most cities https://tmsnrt.rs/3N9zmlY Hotel prices rise across the United States - with one exception https://tmsnrt.rs/3Jg2Ygk (Reporting by Doyinsola Oladipo in New York; Editing by Richard Chang) ((Doyinsola.Oladipo@thomsonreuters.com; +18623846440; https://www.linkedin.com/in/doyinsolaoladipo/;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-06-20,83.57,85.53,83.04,85.31,
CSGP,2023-06-21,85.07,88.09,84.765,87.58,
CSGP,2023-06-22,87.35,87.81,86.28,86.4,"CSGP Crosses Above Average Analyst Target In recent trading, shares of CoStar Group, Inc. (Symbol: CSGP) have crossed above the average analyst 12-month target price of $86.08, changing hands for $87.56/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. There are 12 different analyst targets within the Zacks coverage universe contributing to that average for CoStar Group, Inc., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $65.00. And then on the other side of the spectrum one analyst has a target as high as $102.00. The standard deviation is $10.791. But the whole reason to look at the average CSGP price target in the first place is to tap into a ""wisdom of crowds"" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with CSGP crossing above that average target price of $86.08/share, investors in CSGP have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $86.08 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover CoStar Group, Inc.: RECENT CSGP ANALYST RATINGS BREAKDOWN » Current 1 Month Ago 2 Month Ago 3 Month Ago Strong buy ratings: 9 9 9 9 Buy ratings: 2 2 2 2 Hold ratings: 2 2 2 2 Sell ratings: 0 0 0 0 Strong sell ratings: 0 0 0 0 Average rating: 1.46 1.46 1.46 1.46 The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on CSGP — FREE. 10 ETFs With Most Upside To Analyst Targets » Also see: • Stock market game • ETFs Holding STS • HTBK Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-06-23,85.895,87.85,85.8,86.75,"Nasdaq 100 Movers: JD, CSGP In early trading on Friday, shares of CoStar Group topped the list of the day's best performing components of the Nasdaq 100 index, trading up 0.8%. Year to date, CoStar Group registers a 12.7% gain. And the worst performing Nasdaq 100 component thus far on the day is JD.com, trading down 4.9%. JD.com is lower by about 38.0% looking at the year to date performance. Two other components making moves today are PDD Holdings, trading down 4.4%, and Intel, trading up 0.8% on the day. VIDEO: Nasdaq 100 Movers: JD, CSGP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-06-26,87.25,88.22,86.2,87.81,
CSGP,2023-06-27,87.95,90.15,87.625,89.92,
CSGP,2023-06-28,89.8,91.31,89.02,89.33,"Should You Invest in the Invesco S&P 500 Equal Weight Industrials ETF (RSPN)? If you're interested in broad exposure to the Industrials - Broad segment of the equity market, look no further than the Invesco S&P 500 Equal Weight Industrials ETF (RSPN), a passively managed exchange traded fund launched on 11/01/2006. Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors. Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 1, placing it in top 6%. Index Details The fund is sponsored by Invesco. It has amassed assets over $481.18 million, making it one of the average sized ETFs attempting to match the performance of the Industrials - Broad segment of the equity market. RSPN seeks to match the performance of the S&P 500 EQUAL WEIGHT INDUSTRIALS INDEX before fees and expenses. The S&P 500 Equal Weight Industrials Index equally weights stocks in the industrials sector of the S&P 500 Index. Costs Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio. Annual operating expenses for this ETF are 0.40%, making it on par with most peer products in the space. It has a 12-month trailing dividend yield of 1.09%. Sector Exposure and Top Holdings Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. This ETF has heaviest allocation in the Industrials sector--about 100% of the portfolio. Looking at individual holdings, Copart Inc (CPRT) accounts for about 1.69% of total assets, followed by Verisk Analytics Inc (VRSK) and Costar Group Inc (CSGP). The top 10 holdings account for about 15.32% of total assets under management. Performance and Risk So far this year, RSPN return is roughly 4.36%, and is up about 0% in the last one year (as of 06/28/2023). During this past 52-week period, the fund has traded between $191.92 and $200.49. The ETF has a beta of 1.16. With about 76 holdings, it effectively diversifies company-specific risk. Alternatives Invesco S&P 500 Equal Weight Industrials ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, RSPN is a reasonable option for those seeking exposure to the Industrials ETFs area of the market. Investors might also want to consider some other ETF options in the space. Vanguard Industrials ETF (VIS) tracks MSCI US Investable Market Industrials 25/50 Index and the Industrial Select Sector SPDR ETF (XLI) tracks Industrial Select Sector Index. Vanguard Industrials ETF has $4.01 billion in assets, Industrial Select Sector SPDR ETF has $14.49 billion. VIS has an expense ratio of 0.10% and XLI charges 0.10%. Bottom Line To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco S&P 500 Equal Weight Industrials ETF (RSPN): ETF Research Reports Copart, Inc. (CPRT) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Vanguard Industrials ETF (VIS): ETF Research Reports Industrial Select Sector SPDR ETF (XLI): ETF Research Reports Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-06-29,88.59,90.24,88.11,90.12,"[""7 Stocks Sitting on Huge Piles of Cash InvestorPlace - Stock Market News, Stock Advice & Trading Tips With cracks developing in the overall bull market thesis, investors may want to target cash rich stocks to buy. Under normal circumstances, having a high cash load isn\u2019t exactly what investors usually seek. After all, a massive war chest suggests that an enterprise isn\u2019t being productive with its financial resources. On the other hand, stocks with high cash reserves may be ideal under ambiguous circumstances. For example, the headline print shows that the labor market continues to be robust. However, the unemployment rate increased conspicuously in May. Also, job seekers are taking a longer time overall to land employment. In addition, the enterprises undergirding financially stable stocks enjoy greater flexibility, just in case the smelly stuff hits the proverbial fan. On the opposite end of the spectrum, heavily indebted firms just don\u2019t have the mobility to navigate trying headwinds. Given the uneasy nature of the current market, you may find these safe stocks confidence-inspiring. Power Integrations (POWI) Source: Shutterstock Based in San Jose, California, Power Integrations (NASDAQ:POWI) is a leading innovator in semiconductor technologies for high-voltage power conversion. According to its corporate profile, Power Integrations\u2019 products represent key building blocks in the clean-power ecosystem, enabling both renewable energy generation and efficient transmission of power. Since the start of the year, POWI gained nearly 28%. Financially, Power runs true to its name, featuring a stout balance sheet. Primarily, the company benefits from a zero-debt profile, enabling greater flexibility. As of the first quarter of 2023, the company features a cash and cash equivalents account of $94.2 million. Also, its marketable securities account comes out to $264.4 million. Notably, total liabilities at the end of Q1 came out to $89.1 million. Plus, with the company consistently posting positive free cash flow, it\u2019s one of the cash rich stocks to buy. Finally, Power features a three-year revenue growth rate (on a per-share basis) of 16.5%, above nearly 63% of the semiconductor industry. Thus, it\u2019s one of the stocks with high cash reserves that can also continue marching higher. CoStar Group (CSGP) Source: Shutterstock A leading provider of commercial real estate information, analytics, and online marketplaces, CoStar Group (NASDAQ:CSGP) may be one of the most cynically relevant ideas among cash rich stocks. Fundamentally, CoStar features a wealth of online services. You might not know the CoStar name but you have almost surely heard about domains like Apartments.com, ApartmentFinder.com, and FoRent.com. Sure enough, since the Jan. opener, CSGP gained just over 15%. Finally, one of the company\u2019s core strengths centers on its balance sheet. Presently, it carries a cash-to-debt ratio of 4.61, ranked better than 82.15% of its peers. Nominally, CoStar at the end of Q1 2023 posted a cash and cash equivalents amount of $5.06 billion. In contrast, total liabilities amount to only $1.55 billion. Therefore, if the you-know-what hits the fan, CoStar can still trudge on. That makes for a compelling case for financially stable stocks. Operationally, CoStar is no slouch either. Its three-year revenue growth rate clocks in at 12.8%, ranked better than 71.28% of sector rivals. Also, it features a trailing-year net margin of 16.32%, beating out 65.8% of competitors. Cameco (CCJ) Source: Shutterstock Billed as one of the largest global providers of fuel, Cameco (NYSE:CCJ) attempts to ease the fact that the fuel it\u2019s really talking about is uranium. Frankly, I don\u2019t blame management one bit. While nothing comes close to the energy density associated with nuclear power facilities, let\u2019s be real: the industry suffers from a serious reputational challenge. Still, Cameco ranks among the cash rich stocks to buy thanks to its reliability and relevance. Further, its financial prowess can\u2019t be denied. Notably, Cameco sports an Altman Z-Score of 5.05 and a Piotroski F-Score of 8 (out of 9). Respectively, these stats indicate that the enterprise incurs low bankruptcy risk and enjoys high business efficiency. Looking at its balance sheet, Cameco features a cash and cash equivalents amount of $1.03 billion. Generally speaking, the energy firm benefits from consistent FCF, though it got wobbly in 2020 for obvious reasons. Since the beginning of the year, CCJ gained nearly 31% so it might be a tad overheated. However, for the longer term, I think it\u2019s one of the safe stocks to consider. Franco-Nevada (FNV) Source: Shutterstock Admittedly, a precious metals-related enterprise might not be the first thought for cash rich stocks. However, Franco-Nevada (NYSE:FNV) deserves consideration for two reasons. First, ongoing concerns about an incoming recession might make the fear trade relevant. Second, Franco-Nevada features a royalty and streaming structure. Since it\u2019s not a direct mining enterprise, the company benefits from greater predictability. Plus, Franco-Nevada is not only one of the low-debt stocks but it\u2019s actually a no-debt security. Unsurprisingly, it also posts an astronomical Altman Z-Score of 72.48, indicating extremely low bankruptcy risk. Looking at the balance sheet, the royalty and streaming firm features a cash and cash equivalents amount of $1.25 billion. In contrast, total liabilities tally up to only $215 million. Again, even if some messy stuff were about to go down, FNV represents one of the stocks with high cash reserves. Operationally, Franco-Nevada prints a three-year revenue growth rate of 16.2%, beating out 62.4% of its peers. Also, its trailing-year net margin impresses at a whopping 53.85%. Encore Wire (WIRE) Source: Shutterstock A leading manufacturer of a broad range of electrical building wire products, Encore Wire (NASDAQ:WIRE) focuses on everything from commercial/industrial buildings to individual homes to apartment complexes and even manufacturing housing. Further, Encore prides itself in maintaining a high level of customer service with low-cost production and the addition of new products that complement its current product line. Thanks to its pertinent business, WIRE ranks as one of the cash rich stocks to buy. As with many other financially stable stocks on this list, Encore suffers no debt. As well, it features an equity-to-asset ratio of 0.91 times, outflanking 97.31% of its peers. Its Piotroski F-Score of 7 out of 9 indicates decent operational efficiency while its Altman Z-Score of nearly 16 suggests almost zero chance of imminent bankruptcy. Looking at its balance sheet, Encore posts a cash and cash equivalents amount of $697 million. Its total liabilities amount to only $183 million. Further, its consistently positive and robust FCF \u2013 again, excepting the wobbliness in 2020 \u2013 makes WIRE one of the safe stocks. Epsilon Energy (EPSN) Source: Shutterstock Headquartered in Houston, Texas, Epsilon Energy (NASDAQ:EPSN) is a North American on-shore focused independent oil and natural gas company. According to its website, Epsilon engages in the acquisition, development, gathering, and production of oil and gas reserves, primarily operating in Pennsylvania and Oklahoma. Due to the rough energy market, EPSN slipped nearly 17% so far this year. Still, it\u2019s one of the cash rich stocks to consider. Basically, as social dynamics normalize, demand for hydrocarbons should rise \u2013 and perhaps rise significantly. Even if it takes some time, Epsilon commands stout financials. For example, its cash-to-debt ratio pings at 90.53 times, ranked above 82.77% of its peers. Also, its equity-to-asset ratio clocks in at 0.84 times, above 86.92% of the competition. Not only that, Epsilon carries a Piotroski F-Score of 8 and an Altman Z-Score of 5.56. With its operational efficiency and fiscal stability, it\u2019s probably not going anywhere anytime soon. Therefore, it\u2019s one of the low-debt stocks you can count on. Full Truck Alliance (YMM) Source: Shutterstock Hailing from China, Full Truck Alliance (NYSE:YMM) arguably represents the riskiest idea for cash rich stocks on this list. Per its corporate profile, Full Truck is a leading digital freight platform, connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types. Further, the company provides a range of freight matching services including freight listing service, freight brokerage service, and online transaction service. Glaringly, YMM lost more than 26% of its equity value since the Jan. opener. However, because China\u2019s economy is steadily recovering, YMM could be an underappreciated idea. Trading at only 1.51 times tangible book value, one could make the case that it\u2019s also undervalued. As for the topic at hand, Full Truck features a cash-to-debt ratio of 363.14 times, ranked better than 85% of its peers. Also, its equity-to-asset ratio pings at 0.92 times, better than 96.1% of the competition. Combined with an Altman Z-Score of 10.74, YMM could make some significant noise for intrepid contrarians. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace Buy This $5 Stock BEFORE This Apple Project Goes Live Wall Street Titan: Here\u2019s My #1 Stock for 2023 The $1 Investment You MUST Take Advantage of Right Now It doesn\u2019t matter if you have $500 or $5 million. Do this now. The post 7 Stocks Sitting on Huge Piles of Cash appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Guru Fundamental Report for CSGP - Benjamin Graham Below is Validea's guru fundamental report for COSTAR GROUP INC (CSGP). Of the 22 guru strategies we follow, CSGP rates highest using our Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth. COSTAR GROUP INC (CSGP) is a large-cap growth stock in the Business Services industry. The rating using this strategy is 71% based on the firm\u2019s underlying fundamentals and the stock\u2019s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. SECTOR: PASS SALES: PASS CURRENT RATIO: PASS LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS LONG-TERM EPS GROWTH: PASS P/E RATIO: FAIL PRICE/BOOK RATIO: FAIL Detailed Analysis of COSTAR GROUP INC CSGP Guru Analysis CSGP Fundamental Analysis More Information on Benjamin Graham Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the \""Father of Value Investing\"" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Is Invesco S&P 500 Equal Weight Industrials ETF (RSPN) a Strong ETF Right Now? The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) made its debut on 11/01/2006, and is a smart beta exchange traded fund that provides broad exposure to the Industrials ETFs category of the market. What Are Smart Beta ETFs? The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market. Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way. But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market. Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance. Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results. Fund Sponsor & Index RSPN is managed by Invesco, and this fund has amassed over $481.73 million, which makes it one of the average sized ETFs in the Industrials ETFs. This particular fund seeks to match the performance of the S&P 500 EQUAL WEIGHT INDUSTRIALS INDEX before fees and expenses. The S&P 500 Equal Weight Industrials Index equally weights stocks in the industrials sector of the S&P 500 Index. Cost & Other Expenses Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio. Operating expenses on an annual basis are 0.40% for this ETF, which makes it on par with most peer products in the space. RSPN's 12-month trailing dividend yield is 1.09%. Sector Exposure and Top Holdings Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. For RSPN, it has heaviest allocation in the Industrials sector --about 100% of the portfolio. Taking into account individual holdings, Copart Inc (CPRT) accounts for about 1.69% of the fund's total assets, followed by Verisk Analytics Inc (VRSK) and Costar Group Inc (CSGP). The top 10 holdings account for about 15.32% of total assets under management. Performance and Risk So far this year, RSPN has added roughly 4.48%, and it's up approximately 0% in the last one year (as of 06/29/2023). During this past 52-week period, the fund has traded between $191.92 and $200.72. The fund has a beta of 1.16. With about 76 holdings, it effectively diversifies company-specific risk. Alternatives Invesco S&P 500 Equal Weight Industrials ETF is a reasonable option for investors seeking to outperform the Industrials ETFs segment of the market. However, there are other ETFs in the space which investors could consider. Vanguard Industrials ETF (VIS) tracks MSCI US Investable Market Industrials 25/50 Index and the Industrial Select Sector SPDR ETF (XLI) tracks Industrial Select Sector Index. Vanguard Industrials ETF has $4.01 billion in assets, Industrial Select Sector SPDR ETF has $14.42 billion. VIS has an expense ratio of 0.10% and XLI charges 0.10%. Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Industrials ETFs. Bottom Line To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks\u2019 free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco S&P 500 Equal Weight Industrials ETF (RSPN): ETF Research Reports Copart, Inc. (CPRT) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Vanguard Industrials ETF (VIS): ETF Research Reports Industrial Select Sector SPDR ETF (XLI): ETF Research Reports Verisk Analytics, Inc. (VRSK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-06-30,91.09,92.36,88.68,89.0,"[""If You Invested $10,000 in W.P. Carey 20 Years Ago, This Is How Much You Would Have Today W.P. Carey (NYSE: WPC) is one of the world's largest real estate investment trusts (REITs) and has delivered annual dividend increases to investors since going public in 1998. The company leases properties to tenants across various industries and can be a solid stock to own during an inflationary environment. If you invested $10,000 in W.P. Carey 20 years ago, your investment, with dividends reinvested, would be worth $75,870 today. To put this into perspective, a $10,000 investment in the SPDR S&P 500 ETF 10 years ago, with dividends reinvested, would be worth $65,230. WPC Total Return Level data by YCharts W.P. Carey has delivered for investors seeking passive income and growth. Here's how -- and whether -- it can continue to do so going forward. W.P. Carey has a long history of dividend raises W.P. Carey has a portfolio of commercial real estate properties across industries, including industrial, warehouse, retail, and office space in the United States and Europe. The REIT specializes in sale-leaseback transactions: acquiring a company's real estate and then leasing it back to them. These transactions appeal to businesses because they can continue leasing their properties while raising cash to bolster their capital position. It primarily uses long-term, triple-net leases, which require tenants to pay nearly all of the costs associated with the property, including taxes, insurance, and facility maintenance. These leases are attractive because they keep W.P. Carey's expenditures low while providing more predictable returns to support its ever-growing dividend. Since the company went public in 1998, it has raised its dividend payout every year. Its dividends have been a substantial portion of investors' returns. Over 20 years, W.P. Carey's stock price has risen 127%. When you factor in its dividend payments, assuming you reinvested those dividends, your return explodes to 659%. Growth during economic expansion and inflationary periods W.P. Carey produces steady, consistent income from its leases. One key feature of many of its leases is built-in rent escalators. Over 57% of its portfolio has rent escalators tied to inflation, allowing the company to raise its rent during inflationary periods (like the one we've experienced in the past couple of years). Its same-store annual base rent (ABR) grew 4.3% during the first quarter of this year and has been above 3% over the last four quarters. The built-in escalators provide it with steady income, allowing it to grow earnings during economic expansion and inflationary periods. Image source: W.P. Carey. Expect the increases to continue, CEO Jason Fox told investors in its earnings release: \""Even though there is evidence that inflation is beginning to cool, we expect our contractual same-store rent growth to remain elevated -- averaging around 4% in 2023 and over 3% in 2024 -- given the lag on which CPI-linked escalations flow through to rents.\"" Here's why the stock has struggled this last year W.P. Carey's stock has come under pressure over the past year. Since peaking near $90 per share in August 2022, the stock has fallen 26%. There have been a few concerns about the REIT industry in general. For one, interest rates have risen significantly in the past 15 months. The Federal Reserve has dramatically increased interest rates to bring down inflation in the economy. Since March 2022, the federal funds rate, or the overnight lending rate for banks, went from near zero to 5.25%. Higher interest rates impact REITs because they tend to decrease the value of the properties while increasing the cost of borrowing. Higher interest rates can make lower-risk fixed-income securities more appealing to income investors than REITs. Investors have also been concerned about the commercial real estate market. Specifically, they have been worried about office real estate in specific regions, such as California and New York. Seventeen percent of W.P. Carey's ABR comes from office properties. However, its properties are spread across the U.S. and Europe, helping minimize its exposure to any specific region. Not only that, but it is diversified across other commercial real estate markets, including industrial (26.5% of ABR), warehouse (24.1% of ABR), and retail (16.8% of ABR). A solid long-term stock that could face near-term headwinds REITs face some near-term risks due to higher interest rates and their potential impact on commercial real estate markets. Office properties are particularly vulnerable, with 12.9% of office space vacant, according to CoStar Group. As many leases on these properties come up for renewal, tenants are choosing to reduce their office space, reducing cash flows for those REITs. While W.P. Carey has some exposure to office real estate, its portfolio of properties is diversified across industries and regions, which could help mitigate some of this risk. The sell-off in the stock could prove to be an excellent buying opportunity. According to data from S&P Global, since the 1970s, there have been six periods when the 10-year U.S. Treasury bonds rose significantly. In half of those periods, REITs have outperformed the S&P 500. W.P. Carey's recent fall and discounted valuation could make it a solid buy as long as you are willing to withstand some near-term volatility. 10 stocks we like better than W. P. Carey When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and W. P. Carey wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 26, 2023 Courtney Carlsen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CoStar Group and S&P Global. The Motley Fool recommends W. P. Carey. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""After Hours Most Active for Jun 30, 2023 : CSGP, AAPL, QQQ, PCG, AMZN, SCHW, BAC, PFE, INTC, GOOGL, KO, T The NASDAQ 100 After Hours Indicator is down -5.44 to 15,173.77. The total After hours volume is currently 125,321,521 shares traded. The following are the most active stocks for the after hours session: CoStar Group, Inc. (CSGP) is -0.51 at $88.49, with 7,469,799 shares traded. As reported by Zacks, the current mean recommendation for CSGP is in the \""buy range\"". Apple Inc. (AAPL) is -0.14 at $193.83, with 4,588,280 shares traded., following a 52-week high recorded in today's regular session. Invesco QQQ Trust, Series 1 (QQQ) is -0.36 at $369.06, with 3,536,527 shares traded. This represents a 45.15% increase from its 52 Week Low. Pacific Gas & Electric Co. (PCG) is -0.05 at $17.23, with 2,981,485 shares traded. As reported by Zacks, the current mean recommendation for PCG is in the \""buy range\"". Amazon.com, Inc. (AMZN) is -0.29 at $130.07, with 2,606,156 shares traded. As reported by Zacks, the current mean recommendation for AMZN is in the \""buy range\"". The Charles Schwab Corporation (SCHW) is -0.07 at $56.61, with 2,601,963 shares traded. As reported by Zacks, the current mean recommendation for SCHW is in the \""buy range\"". Bank of America Corporation (BAC) is -0.01 at $28.68, with 2,575,588 shares traded. BAC's current last sale is 81.94% of the target price of $35. Pfizer, Inc. (PFE) is +0.02 at $36.70, with 2,350,660 shares traded. PFE's current last sale is 81.56% of the target price of $45. Intel Corporation (INTC) is -0.05 at $33.39, with 2,325,622 shares traded. INTC's current last sale is 106% of the target price of $31.5. Alphabet Inc. (GOOGL) is -0.19 at $119.51, with 2,082,782 shares traded. As reported by Zacks, the current mean recommendation for GOOGL is in the \""buy range\"". Coca-Cola Company (The) (KO) is -0.01 at $60.21, with 1,907,958 shares traded. As reported by Zacks, the current mean recommendation for KO is in the \""buy range\"". AT&T Inc. (T) is +0.02 at $15.97, with 1,851,586 shares traded. As reported by Zacks, the current mean recommendation for T is in the \""buy range\"". The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-07-03,88.24,88.375,86.76,87.51,
CSGP,2023-07-05,88.06,88.67,86.64,88.62,
CSGP,2023-07-06,87.645,88.225,86.695,88.04,"Goldman Sachs Maintains Costar Group (CSGP) Buy Recommendation Fintel reports that on July 6, 2023, Goldman Sachs maintained coverage of Costar Group (NASDAQ:CSGP) with a Buy recommendation. Analyst Price Forecast Suggests 1.91% Upside As of July 6, 2023, the average one-year price target for Costar Group is 90.31. The forecasts range from a low of 65.65 to a high of $110.25. The average price target represents an increase of 1.91% from its latest reported closing price of 88.62. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 13.37%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1516 funds or institutions reporting positions in Costar Group. This is an increase of 12 owner(s) or 0.80% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.45%, a decrease of 17.77%. Total shares owned by institutions decreased in the last three months by 1.97% to 500,614K shares. The put/call ratio of CSGP is 1.37, indicating a bearish outlook. What are Other Shareholders Doing? Principal Financial Group holds 19,277K shares representing 4.72% ownership of the company. In it's prior filing, the firm reported owning 19,676K shares, representing a decrease of 2.07%. The firm decreased its portfolio allocation in CSGP by 52.99% over the last quarter. Bamco holds 18,970K shares representing 4.64% ownership of the company. In it's prior filing, the firm reported owning 19,110K shares, representing a decrease of 0.74%. The firm decreased its portfolio allocation in CSGP by 20.93% over the last quarter. Janus Henderson Group holds 13,081K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 12,998K shares, representing an increase of 0.63%. The firm decreased its portfolio allocation in CSGP by 72.59% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,584K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 12,354K shares, representing an increase of 1.83%. The firm decreased its portfolio allocation in CSGP by 16.20% over the last quarter. Baillie Gifford holds 12,341K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 12,675K shares, representing a decrease of 2.70%. The firm decreased its portfolio allocation in CSGP by 24.89% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Additional reading: CoStar Group First Quarter 2023 Revenue Increased 13% Year-over-Year and Net New Bookings Grew 17% to $80 Million. Apartments.com Climbs to 20% Revenue Growth SUBSIDIARIES OF THE REGISTRANT Entity Jurisdiction BIH France Business Immo France Comreal Info France CoStar España, S.L. Spain CoStar Europe Ltd. United Kingdom CoStar Field Research, LLC Delaware CoStar International, LLC Delaware CoStar Italy S.R CoStar Group 2022 Revenue Increased 12% Year-over-Year and Full Year Net New Bookings Grew 41% to a Record $305 Million CoStar Group Third Quarter 2022 Revenue Increased 12% and Net New Bookings Grew 62% Year-over-Year. Apartments.com Climbs to Double-Digit Revenue Growth CoStar Group Second Quarter 2022 Net New Bookings Grew 66% and Net Income Increased 37% Year-over-Year This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-07-07,87.56,88.3,86.7,86.78,
CSGP,2023-07-10,87.05,88.29,86.9,88.12,
CSGP,2023-07-11,88.15,88.58,87.43,88.33,
CSGP,2023-07-12,89.13,89.3,87.6,88.54,
CSGP,2023-07-13,88.92,89.8,88.58,88.69,
CSGP,2023-07-14,88.45,89.3,87.94,89.29,
CSGP,2023-07-17,89.28,90.91,89.05,90.61,
CSGP,2023-07-18,90.6,91.445,90.15,91.23,
CSGP,2023-07-19,91.65,92.3,91.235,91.61,"Truist Securities Maintains Costar Group (CSGP) Buy Recommendation Fintel reports that on July 19, 2023, Truist Securities maintained coverage of Costar Group (NASDAQ:CSGP) with a Buy recommendation. Analyst Price Forecast Suggests 1.42% Downside As of July 6, 2023, the average one-year price target for Costar Group is 90.31. The forecasts range from a low of 65.65 to a high of $110.25. The average price target represents a decrease of 1.42% from its latest reported closing price of 91.61. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 13.37%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1518 funds or institutions reporting positions in Costar Group. This is an increase of 32 owner(s) or 2.15% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.45%, a decrease of 11.05%. Total shares owned by institutions decreased in the last three months by 0.69% to 500,998K shares. The put/call ratio of CSGP is 1.30, indicating a bearish outlook. What are Other Shareholders Doing? Principal Financial Group holds 19,277K shares representing 4.72% ownership of the company. In it's prior filing, the firm reported owning 19,676K shares, representing a decrease of 2.07%. The firm decreased its portfolio allocation in CSGP by 52.99% over the last quarter. Bamco holds 18,970K shares representing 4.64% ownership of the company. In it's prior filing, the firm reported owning 19,110K shares, representing a decrease of 0.74%. The firm decreased its portfolio allocation in CSGP by 20.93% over the last quarter. Janus Henderson Group holds 13,081K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 12,998K shares, representing an increase of 0.63%. The firm decreased its portfolio allocation in CSGP by 72.59% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,584K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 12,354K shares, representing an increase of 1.83%. The firm decreased its portfolio allocation in CSGP by 16.20% over the last quarter. Baillie Gifford holds 12,341K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 12,675K shares, representing a decrease of 2.70%. The firm decreased its portfolio allocation in CSGP by 24.89% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Additional reading: CoStar Group First Quarter 2023 Revenue Increased 13% Year-over-Year and Net New Bookings Grew 17% to $80 Million. Apartments.com Climbs to 20% Revenue Growth SUBSIDIARIES OF THE REGISTRANT Entity Jurisdiction BIH France Business Immo France Comreal Info France CoStar España, S.L. Spain CoStar Europe Ltd. United Kingdom CoStar Field Research, LLC Delaware CoStar International, LLC Delaware CoStar Italy S.R CoStar Group 2022 Revenue Increased 12% Year-over-Year and Full Year Net New Bookings Grew 41% to a Record $305 Million CoStar Group Third Quarter 2022 Revenue Increased 12% and Net New Bookings Grew 62% Year-over-Year. Apartments.com Climbs to Double-Digit Revenue Growth CoStar Group Second Quarter 2022 Net New Bookings Grew 66% and Net Income Increased 37% Year-over-Year This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-07-20,91.46,91.9925,90.03,90.22,"[""Agree To Purchase CoStar Group At $90, Earn 22.8% Annualized Using Options Investors eyeing a purchase of CoStar Group, Inc. (Symbol: CSGP) shares, but cautious about paying the going market price of $90.68/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $90 strike, which has a bid at the time of this writing of $3.20. Collecting that bid as the premium represents a 3.6% return against the $90 commitment, or a 22.8% annualized rate of return (at Stock Options Channel we call this the YieldBoost). Selling a put does not give an investor access to CSGP's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $90 strike if doing so produced a better outcome than selling at the going market price. (Do options carry counterparty risk? This and six other common options myths debunked). So unless CoStar Group, Inc. sees its shares decline 1% and the contract is exercised (resulting in a cost basis of $86.80 per share before broker commissions, subtracting the $3.20 from $90), the only upside to the put seller is from collecting that premium for the 22.8% annualized rate of return. Below is a chart showing the trailing twelve month trading history for CoStar Group, Inc., and highlighting in green where the $90 strike is located relative to that history: The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the September put at the $90 strike for the 22.8% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for CoStar Group, Inc. (considering the last 251 trading day closing values as well as today's price of $90.68) to be 31%. For other put options contract ideas at the various different available expirations, visit the CSGP Stock Options page of StockOptionsChannel.com. Top YieldBoost Puts of the Nasdaq 100 \u00bb Also see: \u0095 QEP Videos \u0095 Short Global ETFs \u0095 Top Ten Hedge Funds Holding FUL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group (CSGP) to Post Q2 Earnings: What's in Store? CoStar Group CSGP is slated to report its second-quarter 2023 earnings on Jul 25. CoStar Group expects revenues between $603 million and $608 million, indicating growth of 13% year over year at the midpoint of the range. Earnings are expected between 29 and 30 cents per share. For the second quarter, the Zacks Consensus Estimate for revenues currently stands at $607.49 million, suggesting growth of 13.27% from the year-ago quarter. The consensus mark for earnings has remained unchanged at 30 cents per share over the past 30 days, indicating growth of 7.14% from the year-ago quarter. CoStar Group\u2019s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 21.52%. CoStar Group, Inc. Price and EPS Surprise CoStar Group, Inc. price-eps-surprise | CoStar Group, Inc. Quote Let\u2019s see how things have shaped up for the upcoming announcement. Factors to Note CoStar Group\u2019s second-quarter performance is likely to have suffered from the negative trends in the multifamily market. Supply has been outweighing demand, which does not bode well for its top-line growth. Moreover, raging inflation, challenging macroeconomic conditions and higher interest rates have been dampening consumer confidence, which is expected to hurt CoStar Group\u2019s results in the to-be-reported quarter. Apartments.com (multifamily) is expected to have witnessed revenue growth in the second quarter of 2023, driven by strong traffic and higher ad spending. It is also benefiting from the addition of the Homes.com rental area to its network and the tremendous growth in traffic to Homes.com. The Zacks Consensus Estimate for Apartments.com second quarter 2023 revenues are pegged at $224 million, indicating 23.1% year-over-year growth. The consensus mark for Loopnet is pegged at $67 million, suggesting 19.6% year-over-year growth. What Our Model Says Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. CoStar Group has an Earnings ESP of 0.00% and currently carries a Zacks Rank #3 (Hold). You can uncover the best stocks to buy or sell before they\u2019re reported with our Earnings ESP Filter. Stocks to Consider Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases: Tyler Technologies TYL has an Earnings ESP of +0.54% and sports a Zacks Rank #1 at present. You can see the complete list of today\u2019s Zacks #1 Rank stocks here. Tyler shares have gained 29.5% year to date. TYL is set to report its second-quarter 2023 results on Jul 27. Cadence Design Systems CDNS has an Earnings ESP of +0.67% and a Zacks Rank #1. Cadence Design shares have gained 51% year to date. CDNS is set to report its second-quarter 2023 results on Jul 24. Meta Platforms META has an Earnings ESP of +6.56% and a Zacks Rank #2. Meta Platforms shares have gained 161.8% year to date. META is set to report its second-quarter 2023 results on Jul 26. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers \""Most Likely for Early Price Pops.\"" Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cadence Design Systems, Inc. (CDNS) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Tyler Technologies, Inc. (TYL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-07-21,90.52,91.37,89.92,90.68,
CSGP,2023-07-24,90.85,91.01,90.02,90.58,
CSGP,2023-07-25,90.24,91.93,90.24,91.8,"[""CoStar Group (CSGP) Tops Q2 Earnings Estimates CoStar Group (CSGP) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.25 per share when it actually produced earnings of $0.29, delivering a surprise of 16%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $605.91 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 0.26%. This compares to year-ago revenues of $536.31 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CoStar shares have added about 17.2% since the beginning of the year versus the S&P 500's gain of 18.6%. What's Next for CoStar? While CoStar has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CoStar: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.31 on $632.77 million in revenues for the coming quarter and $1.24 on $2.48 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Grid Dynamics (GDYN), another stock in the same industry, has yet to report results for the quarter ended June 2023. The results are expected to be released on August 3. This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of -33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Grid Dynamics' revenues are expected to be $75.94 million, down 1.8% from the year-ago quarter. Zacks Reveals ChatGPT \""Sleeper\"" Stock One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other \""must buys.\"" Plus more. Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Grid Dynamics Holdings, Inc. (GDYN) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, Inc. Q2 Profit Increases, beats estimates (RTTNews) - CoStar Group, Inc. (CSGP) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates. The company's bottom line came in at $101 million, or $0.25 per share. This compares with $83 million, or $0.21 per share, in last year's second quarter. Excluding items, CoStar Group, Inc. reported adjusted earnings of $127 million or $0.31 per share for the period. Analysts on average had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 13.1% to $606 million from $536 million last year. CoStar Group, Inc. earnings at a glance (GAAP) : -Earnings (Q2): $101 Mln. vs. $83 Mln. last year. -EPS (Q2): $0.25 vs. $0.21 last year. -Analyst Estimate: $0.30 -Revenue (Q2): $606 Mln vs. $536 Mln last year. -Guidance: Full year EPS guidance: $1.24 to $1.26 Full year revenue guidance: $2.45 - $2.46 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Q2 23 Earnings Conference Call At 5:00 PM ET (RTTNews) - CoStar Group, Inc. (CSGP) will host a conference call at 5:00 PM ET on July 25, 2023, to discuss Q2 23 earnings results. To access the live webcast, log on to https://investors.costargroup.com/overview/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""After-Hours Earnings Report for July 25, 2023 : MSFT, GOOGL, GOOG, V, TXN, CB, CNI, WM, CSGP, SNAP, EQT, MANH The following companies are expected to report earnings after hours on 07/25/2023. Visit our Earnings Calendar for a full list of expected earnings releases. Microsoft Corporation (MSFT)is reporting for the quarter ending June 30, 2023. The computer software company's consensus earnings per share forecast from the 16 analysts that follow the stock is $2.54. This value represents a 13.90% increase compared to the same quarter last year. MSFT missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -2.19%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for MSFT is 35.73 vs. an industry ratio of 2.60, implying that they will have a higher earnings growth than their competitors in the same industry. Alphabet Inc. (GOOGL)is reporting for the quarter ending June 30, 2023. The internet services company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.32. This value represents a 9.09% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for GOOGL is 22.55 vs. an industry ratio of 6.80, implying that they will have a higher earnings growth than their competitors in the same industry. Alphabet Inc. (GOOG)is reporting for the quarter ending June 30, 2023. The internet services company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.32. This value represents a 9.09% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for GOOG is 22.61 vs. an industry ratio of 6.80, implying that they will have a higher earnings growth than their competitors in the same industry. Visa Inc. (V)is reporting for the quarter ending June 30, 2023. The financial transactions company's consensus earnings per share forecast from the 13 analysts that follow the stock is $2.11. This value represents a 6.57% increase compared to the same quarter last year. In the past year V has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 6.09%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for V is 28.03 vs. an industry ratio of 17.20, implying that they will have a higher earnings growth than their competitors in the same industry. Texas Instruments Incorporated (TXN)is reporting for the quarter ending June 30, 2023. The semiconductor company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.76. This value represents a 28.16% decrease compared to the same quarter last year. In the past year TXN has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 5.11%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TXN is 24.62 vs. an industry ratio of -4.40, implying that they will have a higher earnings growth than their competitors in the same industry. Chubb Limited (CB)is reporting for the quarter ending June 30, 2023. The insurance (property & casualty) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $4.41. This value represents a 5.00% increase compared to the same quarter last year. CB missed the consensus earnings per share in the 4th calendar quarter of 2022 by -4.03%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CB is 11.41 vs. an industry ratio of 1.50, implying that they will have a higher earnings growth than their competitors in the same industry. Canadian National Railway Company (CNI)is reporting for the quarter ending June 30, 2023. The transportation (rail) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.37. This value represents a 9.27% decrease compared to the same quarter last year. CNI missed the consensus earnings per share in the 4th calendar quarter of 2022 by -0.64%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CNI is 20.69 vs. an industry ratio of 16.40, implying that they will have a higher earnings growth than their competitors in the same industry. Waste Management, Inc. (WM)is reporting for the quarter ending June 30, 2023. The waste removal company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.54. This value represents a 6.94% increase compared to the same quarter last year. WM missed the consensus earnings per share in the 4th calendar quarter of 2022 by -6.47%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for WM is 28.44 vs. an industry ratio of 14.30, implying that they will have a higher earnings growth than their competitors in the same industry. CoStar Group, Inc. (CSGP)is reporting for the quarter ending June 30, 2023. The information technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.26. This value represents a 8.33% increase compared to the same quarter last year. In the past year CSGP has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 19.05%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CSGP is 84.65 vs. an industry ratio of 11.40, implying that they will have a higher earnings growth than their competitors in the same industry. Snap Inc. (SNAP)is reporting for the quarter ending June 30, 2023. The internet software company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.24. This value represents a 9.09% decrease compared to the same quarter last year. SNAP missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -22.22%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for SNAP is -16.05 vs. an industry ratio of -6.30. EQT Corporation (EQT)is reporting for the quarter ending June 30, 2023. The oil (us exp & production) company's consensus earnings per share forecast from the 16 analysts that follow the stock is $-0.26. This value represents a 131.33% decrease compared to the same quarter last year. EQT missed the consensus earnings per share in the 4th calendar quarter of 2022 by -2.33%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for EQT is 18.90 vs. an industry ratio of 12.60, implying that they will have a higher earnings growth than their competitors in the same industry. Manhattan Associates, Inc. (MANH)is reporting for the quarter ending June 30, 2023. The computer software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.50. This value represents a 2.04% increase compared to the same quarter last year. In the past year MANH has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 37.78%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for MANH is 96.09 vs. an industry ratio of 2.60, implying that they will have a higher earnings growth than their competitors in the same industry. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-07-26,86.83,87.58,81.68,84.38,"[""Stocks Settle Mixed as Powell Signals a Skip in Rate Hikes is on the Table What you need to know\u2026 The S&P 500 Index ($SPX) (SPY) Wednesday closed down -0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.40%. Stocks on Wednesday settled mixed, with the Dow Jones Industrials posting a 17-1/2 month high. Weakness in technology stocks weighed on the overall market on disappointing earnings results from Microsoft and Texas Instruments. Losses in technology stocks were limited after Alphabet climbed more than +5% after reporting better-than-expected Q2 revenue. Also, an +8% jump in Boeing pushed the Dow Jones Industrials to a 17-1/2 month high. Q2 corporate earnings season is off to a strong start, as nearly 80% of U.S. companies that have reported results have beaten profit estimates. U.S. Jun new home sales fell -2.5% m/m to 697,000, weaker than expectations of 725,000. The FOMC, as expected, voted unanimously to raise the fed funds target range by 25 bp to a 22-year high of 5.25%-5.50%. The FOMC said it \""will continue to assess additional information and its implications for monetary policy and consider the extent of additional policy firming that may be appropriate to return inflation to 2% over time.\"" Stock indexes raced to their highs Wednesday afternoon when Fed Chair Powell suggested the Fed could pause on interest rates hikes at the September FOMC meeting. Fed Chair Powell said the FOMC will take a data-dependent approach to future interest rate hikes, and it's possible the FOMC will raise or hold rates at its September meeting, depending on the data. The markets are discounting the odds at 19% for a +25 bp rate hike at the September 20 FOMC meeting. Global bond yields on Wednesday were mixed. The 10-year T-note yield fell -2.8 bp to 3.857%. The 10-year German bund yield rose +5.9 bp to 2.485%. The 10-year UK Gilt yield rose +1.3 at 4.281%. Overseas stock markets Wednesday settled lower. The Euro Stoxx 50 closed down -1.03%. China\u2019s Shanghai Composite Index today closed down -0.26%. Japan\u2019s Nikkei Stock Index closed down -0.04%. Today\u2019s stock movers\u2026 CoStar Group (CSGP) closed down more than -8% to lead lowers in the S&P 500 and Nasdaq 100 after reporting Q2 revenue of $605.9 million, weaker than the consensus of $607.4 million, and cut its full-year revenue forecast to $2.45 billion-$2.46 billion from a prior view of $2.47 billion-$2.48 billion, weaker than the consensus of $2.48 billion. Allegion Plc (ALLE) closed down more than -7% after reporting Q2 net revenue of $912.5 million, below the consensus of $932.6 million. Teledyne Technologies (TDY) closed down more than -6% after forecasting Q3 adjusted EPS of $4.70 to $4.80, the midpoint below the consensus of $4.76. Robert Half (RHI) closed down more than -5% after reporting Q2 EPS of $1.00, weaker than the consensus of $1.12, and forecast Q3 revenue of $1.48 billion to $1.58 billion, below the consensus of $1.59 billion. Microsoft (MSFT) closed down more than -3% to lead losers in the Dow Jones Industrials after reporting Q3 cloud revenue of $30.3 billion, below the consensus of $30.5 billion. Chip stocks were under pressure Wednesday after Texas Instruments forecasted Q3 revenue of $4.36 billion to $4.74 billion, the midpoint below the consensus of $4.59 billion. As a result, Texas Instruments (TXN) closed down more than -5%. Also, Advanced Micro Devices (AMD), Analog Devices (ADI), Broadcom (AVGO), Microchip Technology (MCHP), and Globalfoundries (GFS) closed down more than -2%. In addition, KLA Corp (KLAC) and Lam Research (LRCX) closed down more than -1%. Waste Management (WM) closed down more than -3% after reporting Q2 adjusted operating Ebitda of $1.47 billion, weaker than the consensus of $1.50 billion, and cutting its full-year adjusted operating Ebitda estimate to $5.78 billion-$5.88 billion from a previous estimate of $5.83 billion-$5.98 billion, below the consensus of $5.90 billion. Union Pacific (UNP) closed up more than +10% to lead gainers in the S&P 500 after announcing former executive Vena will replace CEO Fritz, who is stepping down. Boeing (BA) closed up more than +8% to lead gainers in the Dow Jones Industrials after reporting Q2 adjusted free cash flow of $2.58 billion, well above the consensus of -$73.6 million. Old Dominion Freight Line (ODFL) closed up more than +6% to lead gainers in the Nasdaq 100 after reporting Q2 operating income of $391.6 million, above the consensus of $388.5 million. Alphabet (GOOGL) closed up more than +5% after reporting Q2 revenue ex-TAC of $62.07 billion, better than the consensus of $60.27 billion. Chubb Ltd (CB) closed up more than +5% after reporting Q2 core operating EPS of $4.92, well above the consensus of $4.41. Advanced Data Processing (ADP) closed up more than +5% after reporting Q4 adjusted EPS of $1.89, better than the consensus of $1.83. Regional bank stocks rose Wednesday after Bank of California agreed to buy PacWest Bancorp. As a result, PacWest Bancorp (PACW) closed up more than +26%. Also, and Zions Bancorp (ZION) closed up more than +7%, and KeyCorp (KEY) and Comerica (CMA) closed up more than +6%. In addition, Citizens Financial Group (CFG) closed up by more than +4%. Finally, Truist Financial (TFC), US Bancorp (USB), and Lincoln National (LNC) closed up more than +2%. Across the markets\u2026 September 10-year T-notes (ZNU23) Wednesday closed up +17 ticks, and the 10-year T-note yield fell -2.8 bp to 3.857%. T-notes posted moderate gains on Wednesday\u2019s weaker-than-expected U.S. Jun new home sales report. T-notes raced to their highs Wednesday afternoon on post-FOMC meeting comments from Fed Chair Powell, who said the Fed would remain data-dependent on future rate moves, leaving open the possibility of a pause at the September FOMC meeting. More Stock Market News from Barchart Investors Need to Think Very Carefully Before Buying the Hanesbrands (HBI) Rumor 3 Stocks to Buy From Wednesday\u2019s Bullish Price Surprises Airbnb Stock Attracts Unusual Put Options Activity from Short Put Traders Ahead of Earnings Can RH and Williams-Sonoma Keep Climbing? On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Nasdaq 100 Movers: CSGP, GOOGL In early trading on Wednesday, shares of Alphabet topped the list of the day's best performing components of the Nasdaq 100 index, trading up 7.0%. Year to date, Alphabet registers a 48.2% gain. And the worst performing Nasdaq 100 component thus far on the day is CoStar Group, trading down 9.9%. CoStar Group is showing a gain of 7.1% looking at the year to date performance. One other component making moves today is Texas Instruments, trading down 5.3%. VIDEO: Nasdaq 100 Movers: CSGP, GOOGL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Stocks Slip Ahead of an Expected 25 bp Fed Rate Hike What you need to know\u2026 The S&P 500 Index ($SPX) (SPY) today is down -0.30%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.91%. Stocks this morning are mostly lower ahead of an expected 25 bp rate hike by the FOMC later this afternoon. Weakness in technology stocks is weighing on the overall market on disappointing earnings results from Microsoft and Texas Instruments. Losses were limited after Alphabet jumped more than +6% after reporting better-than-expected Q2 revenue. Also, a +5% jump in Boeing is keeping the Dow Jones Industrials in positive territory. Q2 corporate earnings season is off to a strong start, as nearly 80% of U.S. companies that have reported results have beaten profit estimates. U.S. Jun new home sales fell -2.5% m/m to 697,000, weaker than expectations of 725,000. The markets are expecting the Fed today and the ECB tomorrow to both raise their respective interest rates by 25 bp and will look for guidance from the central banks to see if more rate hikes are likely. The markets are discounting the odds at 97% for a +25 bp rate hike at the Tue/Wed FOMC meeting. The markets are anticipating a peak funds rate of 5.42% by November, which is +34 bp higher than the current effective federal funds rate of 5.08%. Global bond yields are mixed. The 10-year T-note yield is down -1.0 bp to 3.875%. The 10-year German bund yield is up +6.3 bp at 2.489%. The 10-year UK Gilt yield is up +2.2 at 4.290%. Overseas stock markets are lower. The Euro Stoxx 50 is down -1.20%. China\u2019s Shanghai Composite Index today closed down -0.26%. Japan\u2019s Nikkei Stock Index closed down -0.04%. Today\u2019s stock movers\u2026 CoStar Group (CSGP) is down more than -8% to lead lowers in the S&P 500 and Nasdaq 100 after reporting Q2 revenue of $605.9 million, weaker than the consensus if $607.4 million, and cut its full-year revenue forecast to $2.45 billion-$2.46 billion from a prior view of $2.47 billion-$2.48 billion, weaker than the consensus of $2.48 billion. Allegion Plc (ALLE) is down more than -7% after reporting Q2 net revenue of $912.5 million, below the consensus of $932.6 million. Robert Half (RHI) is down more than -6% after reporting Q2 EPS of $1.00, weaker than the consensus of $1.12, and forecast Q3 revenue of $1.48 billion to $1.58 billion, below the consensus of $1.59 billion. Microsoft (MSFT) is down more than -4% to lead losers in the Dow Jones Industrials after reporting Q3 cloud revenue of $30.3 billion, below the consensus of $30.5 billion. Chip stocks are under pressure today after Texas Instruments forecasted Q3 revenue of $4.36 billion to $4.74 billion, the midpoint below the consensus of $4.59 billion. As a result, Texas Instruments (TXN) is down more than -5%. Also, Advanced Micro Devices (AMD), Analog Devices (ADI), and Broadcom (AVGO) are down more than -2%. In addition, Microchip Technology (MCHP), Globalfoundries (GFS), KLA Corp (KLAC), and NXP Semiconductors NV (NXPI) are down more than -1%. Waste Management (WM) is down more than -3% after reporting Q2 adjusted operating Ebitda of $1.47 billion, weaker than the consensus of $1.50 billion, and cutting its full-year adjusted operating Ebitda estimate to $5.78 billion-$5.88 billion from a previous estimate of $5.83 billion-$5.98 billion, below the consensus of $5.90 billion. Raytheon Technologies (RTX) is down more than -2% after Morgan Stanley downgraded the stock to equal weight from overweight. Thermo Fisher Scientific (TMO) is down more than -1% after reporting Q2 adjusted EPS of $5.15, weaker than the consensus of $5.43, and cut its full-year adjusted EPS forecast to $22.28-$22.72 from a previous estimate of $22.70, below the consensus of $23.58. Union Pacific (UNP) is up more than +10% to lead gainers in the S&P 500 after announcing former executive Vena will replace CEO Fritz, who is stepping down. Chubb Ltd (CB) is up more than +6% after reporting Q2 core operating EPS of $4.92, well above the consensus of $4.41. Advanced Data Processing (ADP) is up more than +5% after reporting Q4 adjusted EPS of $1.89, better than the consensus of $1.83. Old Dominion Freight Line (ODFL) is up more than +5% after reporting Q2 operating income of $391.6 million, above the consensus of $388.5 million. Boeing (BA) is up more than +5% to lead gainers in the Dow Jones Industrials after reporting Q2 adjusted free cash flow of $2.58 billion, well above the consensus of -$73.6 million. Alphabet (GOOGL) is up more than +5% to lead gainers in the Nasdaq 100 after reporting Q2 revenue ex-TAC of $62.07 billion, better than the consensus of $60.27 billion. Regional bank stocks are climbing after Bank of California agreed to buy PacWest Bancorp. As a result, PacWest Bancorp (PACW) is up more than +21%. Also, KeyCorp (KEY) is up more than +6%, and Comerica (CMA) and Zions Bancorp (ZION) are up more than +5%. In addition, Citizens Financial Group (CFG), Truist Financial (TFC), and Lincoln National (LNC) are up more than +2%. Wells Fargo (WFC) is up more than +2% after announcing plans to repurchase as much as $30 billion of its stock and boosting its dividend. Across the markets\u2026 September 10-year T-notes (ZNU23) today are up +6 ticks, and the 10-year T-note yield is down -1.0 bp at 3.875%. Sep T-notes today are moderately higher on some short covering ahead of the results of the FOMC meeting later this afternoon. Today\u2019s weaker-than-expected U.S. Jun new home sales report also gave T-notes a boost. The dollar index (DXY00) today is down by -0.11%. Lower T-note yields today are weighing on the dollar. Also, speculation the Fed will signal a pause today in its rate hike campaign after it raises the fed funds target range by 25 bp is bearish for the dollar. The dollar maintained moderate losses following this morning\u2019s weaker-than-expected U.S. Jun new home sales report. EUR/USD (^EURUSD) today is up by +0.07%. Dollar weakness today is supportive of the euro. Also, the smallest pace of increase in Eurozone Jun M3 money supply in 13 years is bullish for the euro. In addition, higher German bund yields today strengthen the euro\u2019s interest rate differentials and are positive for EUR/USD. Eurozone Jun M3 money supply rose +0.6% y/y, less than expectations of +0.9% y/y and the smallest pace of increase in nearly 13 years. USD/JPY (^USDJPY) is down by -0.31%. A decline in T-note yields today is supportive of the yen. Also, short covering is pushing the yen higher ahead of Friday\u2019s BOJ meeting in case the BOJ surprises the markets and decides to tweak its yield-curve-control program. Today\u2019s Japanese economic news was dovish for BOJ policy and bearish for the yen. The May leading index CI was revised lower to 109.2 from the initially reported 109.5. Also, Jun PPI services prices eased to +1.2% y/y from +1.7% y/y in May, better than expectations of +1.5% y/y and the slowest pace of increase in 15 months. August gold (GCQ3) today is up +3.4 (+0.17%), and Sep silver (SIU23) is down -0.064 (-0.26%). Precious metals prices this morning are mixed. A weaker dollar today is bullish for metals prices. Also, lower T-note yields today are supportive of precious metals. In addition, precious metals have support on speculation the Fed may signal a pause in its rate hike campaign following today\u2019s FOMC meeting. On the negative side is the outlook for the Fed and ECB to raise interest rates this week. Also, fund liquidation of long gold holdings is weighing on gold prices after long gold holdings in ETFs fell to a 3-year low Tuesday. More Stock Market News from Barchart Will the US Fed Turn Stock Market Bulls into Steers? Markets Today: Stocks Retreat on Disappointing Earnings from Microsoft and Texas Instruments Is the Rally Getting Long in the Tooth? Try These Bear Call Spread Trades Stock Index Futures Slip as Investors Await Fed Rate Decision, Meta Earnings on Tap On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""S&P 500 Movers: CSGP, UNP In early trading on Wednesday, shares of Union Pacific topped the list of the day's best performing components of the S&P 500 index, trading up 11.4%. Year to date, Union Pacific registers a 15.9% gain. And the worst performing S&P 500 component thus far on the day is CoStar Group, trading down 10.4%. CoStar Group is showing a gain of 6.4% looking at the year to date performance. Two other components making moves today are Robert Half, trading down 7.7%, and KeyCorp, trading up 7.0% on the day. VIDEO: S&P 500 Movers: CSGP, UNP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group (CSGP) Q2 Earnings Top Estimates, Revenues Up Y/Y CoStar Group CSGP reported non-GAAP earnings of 31 cents per share in second-quarter 2023, beating the Zacks Consensus Estimate by 3.33% and increasing 10.7% year over year. Revenues of $605.9 million missed the Zacks Consensus Estimate by 0.26% but increased 13% year over year. Top-Line Details CoStar revenues (37.8% of revenues) of $229.2 million beat the consensus mark by 0.86% and increased 10.9% year over year. Apartments.com revenues increased 23% year over year. Net new bookings jumped 84% year over year to $82 million. Information Services revenues (6.9% of revenues) of $41.9 million missed the consensus mark by 1.01% but increased 8.9% year over year. Multifamily revenues (37% of revenues) of $224.3 million were in line with the consensus estimate but increased 23% year over year. CoStar Group, Inc. Price, Consensus and EPS Surprise CoStar Group, Inc. price-consensus-eps-surprise-chart | CoStar Group, Inc. Quote LoopNet revenues (10.8% of revenues) of $65.6 million missed the consensus mark by 2.13% but were up 16.5% year over year. Second-quarter residential revenues (2.1% of revenues) were $12.7 million, beating the consensus mark by 5.9% but declining 36.9% year over year. Other marketplace revenues (5.3% of revenues) of $32.3 million missed the consensus mark by 7.9% and decreased 0.5% year over year. Operating Details In the reported quarter, selling and marketing expenses increased 37.9% year over year to $250 million. As percentage of revenues, selling and marketing expenses were 41.3% compared with 33.8% reported in the year-ago quarter. General and administrative expenses, as a percentage of revenues, increased 50 basis points (bps) on a year-over-year basis to 14.9%. Software development expenses, as a percentage of revenues, expanded 80 bps. Customer base amortization expenses contracted 110 bps on a year-over-year basis. Adjusted EBITDA margin in the second quarter was 20.9% compared with 29.6% in the year-ago quarter. Balance Sheet and Cash Flow Statement CoStar reported cash and cash equivalents of $5.2 billion as of Jun 30, 2023, compared with $5.05 billion as of Mar 31, 2023. The company had long-term debt of $989.9 million as of Jun 30, 2023, compared with $989.5 million as of Mar 31, 2023. It generated $298.4 million in cash from operations compared with $123.2 million in the previous quarter. Guidance CoStar expects 2023 revenues between $2.45 billion and $2.46 billion, indicating a year-over-year growth of 13% at the midpoint. Third-quarter 2023 revenues are expected between $622 million and $627 million, indicating growth of approximately 12% year over year at the midpoint. The Zacks Consensus Estimate for the quarter\u2019s revenues is pegged at $632.8 million. The company expects 2023 adjusted EBITDA in the range of $510-$520 million. For the third quarter of 2023, CoStar expects adjusted EBITDA in the range of $115-$120 million. Earnings are expected between $1.24 and $1.26 per share for 2023. Moreover, earnings are projected between 29 and 30 cents per share for the third quarter. The Zacks Consensus Estimate for the quarter\u2019s earnings is pegged at 31 cents. Stocks to Consider CoStar currently carries a Zacks Rank #4 (Sell). CSGP\u2019s shares have gained 18.8% compared with the Zacks Computer and Technology sector\u2019s rise of 38.9% year to date. Here are some better-ranked stocks worth considering in the broader sector. ON Semiconductor ON, Autohome ATHM and Intel INTC are some better-ranked stocks that investors can consider in the broader sector. While ATHM carries a Zacks Rank #1 (Strong Buy), ON and INTC carry a Zacks Rank #2 (Buy). You can see the complete list of today\u2019s Zacks #1 Rank (Strong Buy) stocks here. onsemi shares have gained 60.4% year to date. ON is set to report its second-quarter 2023 results on Jul 31. Autohome shares have declined 0.2% year to date. ATHM is set to report its second-quarter 2023 results on Jul 27. Intel shares have gained 29% year to date. INTC is set to report its second-quarter 2023 results on Jul 27. Top 5 ChatGPT Stocks Revealed Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion. Today you can invest in the wave of the future, an automation that answers follow-up questions \u2026 admits mistakes \u2026 challenges incorrect premises \u2026 rejects inappropriate requests. As one of the selected companies puts it, \u201cAutomation frees people from the mundane so they can accomplish the miraculous.\u201d Download Free ChatGPT Stock Report Right Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Autohome Inc. (ATHM) : Free Stock Analysis Report ON Semiconductor Corporation (ON) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-07-27,84.53,84.84,80.07,80.16,"[""Guru Fundamental Report for CSGP - Benjamin Graham Below is Validea's guru fundamental report for COSTAR GROUP INC (CSGP). Of the 22 guru strategies we follow, CSGP rates highest using our Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth. COSTAR GROUP INC (CSGP) is a large-cap growth stock in the Business Services industry. The rating using this strategy is 71% based on the firm\u2019s underlying fundamentals and the stock\u2019s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. SECTOR: PASS SALES: PASS CURRENT RATIO: PASS LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS LONG-TERM EPS GROWTH: PASS P/E RATIO: FAIL PRICE/BOOK RATIO: FAIL Detailed Analysis of COSTAR GROUP INC CSGP Guru Analysis CSGP Fundamental Analysis More Information on Benjamin Graham Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the \""Father of Value Investing\"" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""RBC Capital Reiterates Costar Group (CSGP) Outperform Recommendation Fintel reports that on July 26, 2023, RBC Capital reiterated coverage of Costar Group (NASDAQ:CSGP) with a Outperform recommendation. Analyst Price Forecast Suggests 7.03% Upside As of July 6, 2023, the average one-year price target for Costar Group is 90.31. The forecasts range from a low of 65.65 to a high of $110.25. The average price target represents an increase of 7.03% from its latest reported closing price of 84.38. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 9.97%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1521 funds or institutions reporting positions in Costar Group. This is an increase of 20 owner(s) or 1.33% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.46%, a decrease of 8.71%. Total shares owned by institutions decreased in the last three months by 1.34% to 500,684K shares. The put/call ratio of CSGP is 1.81, indicating a bearish outlook. What are Other Shareholders Doing? Principal Financial Group holds 19,277K shares representing 4.72% ownership of the company. In it's prior filing, the firm reported owning 19,676K shares, representing a decrease of 2.07%. The firm decreased its portfolio allocation in CSGP by 17.13% over the last quarter. Bamco holds 18,970K shares representing 4.64% ownership of the company. In it's prior filing, the firm reported owning 19,110K shares, representing a decrease of 0.74%. The firm decreased its portfolio allocation in CSGP by 20.93% over the last quarter. Janus Henderson Group holds 13,081K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 12,998K shares, representing an increase of 0.63%. The firm decreased its portfolio allocation in CSGP by 72.59% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,584K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 12,354K shares, representing an increase of 1.83%. The firm decreased its portfolio allocation in CSGP by 16.20% over the last quarter. Baillie Gifford holds 12,341K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 12,675K shares, representing a decrease of 2.70%. The firm decreased its portfolio allocation in CSGP by 24.89% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Additional reading: FIRST AMENDMENT CoStar Group Second Quarter 2023 Revenue Increased 13% Year-over-Year and Net New Bookings Were $82 Million. CoStar Group Reaches 105 Million Monthly Visitors. CoStar Group First Quarter 2023 Revenue Increased 13% Year-over-Year and Net New Bookings Grew 17% to $80 Million. Apartments.com Climbs to 20% Revenue Growth SUBSIDIARIES OF THE REGISTRANT Entity Jurisdiction BIH France Business Immo France Comreal Info France CoStar Espa\u00f1a, S.L. Spain CoStar Europe Ltd. United Kingdom CoStar Field Research, LLC Delaware CoStar International, LLC Delaware CoStar Italy S.R CoStar Group 2022 Revenue Increased 12% Year-over-Year and Full Year Net New Bookings Grew 41% to a Record $305 Million This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Stephens & Co. Reiterates Costar Group (CSGP) Overweight Recommendation Fintel reports that on July 26, 2023, Stephens & Co. reiterated coverage of Costar Group (NASDAQ:CSGP) with a Overweight recommendation. Analyst Price Forecast Suggests 7.03% Upside As of July 6, 2023, the average one-year price target for Costar Group is 90.31. The forecasts range from a low of 65.65 to a high of $110.25. The average price target represents an increase of 7.03% from its latest reported closing price of 84.38. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 9.97%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1521 funds or institutions reporting positions in Costar Group. This is an increase of 20 owner(s) or 1.33% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.46%, a decrease of 8.71%. Total shares owned by institutions decreased in the last three months by 1.34% to 500,684K shares. The put/call ratio of CSGP is 1.81, indicating a bearish outlook. What are Other Shareholders Doing? Principal Financial Group holds 19,277K shares representing 4.72% ownership of the company. In it's prior filing, the firm reported owning 19,676K shares, representing a decrease of 2.07%. The firm decreased its portfolio allocation in CSGP by 17.13% over the last quarter. Bamco holds 18,970K shares representing 4.64% ownership of the company. In it's prior filing, the firm reported owning 19,110K shares, representing a decrease of 0.74%. The firm decreased its portfolio allocation in CSGP by 20.93% over the last quarter. Janus Henderson Group holds 13,081K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 12,998K shares, representing an increase of 0.63%. The firm decreased its portfolio allocation in CSGP by 72.59% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,584K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 12,354K shares, representing an increase of 1.83%. The firm decreased its portfolio allocation in CSGP by 16.20% over the last quarter. Baillie Gifford holds 12,341K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 12,675K shares, representing a decrease of 2.70%. The firm decreased its portfolio allocation in CSGP by 24.89% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Additional reading: FIRST AMENDMENT CoStar Group Second Quarter 2023 Revenue Increased 13% Year-over-Year and Net New Bookings Were $82 Million. CoStar Group Reaches 105 Million Monthly Visitors. CoStar Group First Quarter 2023 Revenue Increased 13% Year-over-Year and Net New Bookings Grew 17% to $80 Million. Apartments.com Climbs to 20% Revenue Growth SUBSIDIARIES OF THE REGISTRANT Entity Jurisdiction BIH France Business Immo France Comreal Info France CoStar Espa\u00f1a, S.L. Spain CoStar Europe Ltd. United Kingdom CoStar Field Research, LLC Delaware CoStar International, LLC Delaware CoStar Italy S.R CoStar Group 2022 Revenue Increased 12% Year-over-Year and Full Year Net New Bookings Grew 41% to a Record $305 Million This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-07-28,81.34,82.37,80.83,81.68,"[""IYR's Underlying Holdings Could Mean 12% Gain Potential Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares U.S. Real Estate ETF (Symbol: IYR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $98.10 per unit. With IYR trading at a recent price near $87.72 per unit, that means that analysts see 11.83% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IYR's underlying holdings with notable upside to their analyst target prices are CoStar Group, Inc. (Symbol: CSGP), Kimco Realty Corp (Symbol: KIM), and Lamar Advertising Co (Symbol: LAMR). Although CSGP has traded at a recent price of $80.16/share, the average analyst target is 14.46% higher at $91.75/share. Similarly, KIM has 12.62% upside from the recent share price of $20.17 if the average analyst target price of $22.72/share is reached, and analysts on average are expecting LAMR to reach a target price of $108.00/share, which is 11.87% above the recent price of $96.54. Below is a twelve month price history chart comparing the stock performance of CSGP, KIM, and LAMR: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET iShares U.S. Real Estate ETF IYR $87.72 $98.10 11.83% CoStar Group, Inc. CSGP $80.16 $91.75 14.46% Kimco Realty Corp KIM $20.17 $22.72 12.62% Lamar Advertising Co LAMR $96.54 $108.00 11.87% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets \u00bb Also see: \u0095 Healthcare Stocks Hedge Funds Are Selling \u0095 FSS Options Chain \u0095 APF YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""BMO Capital Maintains Costar Group (CSGP) Market Perform Recommendation Fintel reports that on July 27, 2023, BMO Capital maintained coverage of Costar Group (NASDAQ:CSGP) with a Market Perform recommendation. Analyst Price Forecast Suggests 12.66% Upside As of July 6, 2023, the average one-year price target for Costar Group is 90.31. The forecasts range from a low of 65.65 to a high of $110.25. The average price target represents an increase of 12.66% from its latest reported closing price of 80.16. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 9.97%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1521 funds or institutions reporting positions in Costar Group. This is an increase of 22 owner(s) or 1.47% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.46%, a decrease of 8.08%. Total shares owned by institutions decreased in the last three months by 1.43% to 500,180K shares. The put/call ratio of CSGP is 1.81, indicating a bearish outlook. What are Other Shareholders Doing? Principal Financial Group holds 19,277K shares representing 4.72% ownership of the company. In it's prior filing, the firm reported owning 19,676K shares, representing a decrease of 2.07%. The firm decreased its portfolio allocation in CSGP by 17.13% over the last quarter. Bamco holds 18,970K shares representing 4.64% ownership of the company. In it's prior filing, the firm reported owning 19,110K shares, representing a decrease of 0.74%. The firm decreased its portfolio allocation in CSGP by 20.93% over the last quarter. Janus Henderson Group holds 13,081K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 12,998K shares, representing an increase of 0.63%. The firm decreased its portfolio allocation in CSGP by 72.59% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,584K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 12,354K shares, representing an increase of 1.83%. The firm decreased its portfolio allocation in CSGP by 16.20% over the last quarter. Baillie Gifford holds 12,341K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 12,675K shares, representing a decrease of 2.70%. The firm decreased its portfolio allocation in CSGP by 24.89% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Additional reading: FIRST AMENDMENT CoStar Group Second Quarter 2023 Revenue Increased 13% Year-over-Year and Net New Bookings Were $82 Million. CoStar Group Reaches 105 Million Monthly Visitors. CoStar Group First Quarter 2023 Revenue Increased 13% Year-over-Year and Net New Bookings Grew 17% to $80 Million. Apartments.com Climbs to 20% Revenue Growth SUBSIDIARIES OF THE REGISTRANT Entity Jurisdiction BIH France Business Immo France Comreal Info France CoStar Espa\u00f1a, S.L. Spain CoStar Europe Ltd. United Kingdom CoStar Field Research, LLC Delaware CoStar International, LLC Delaware CoStar Italy S.R CoStar Group 2022 Revenue Increased 12% Year-over-Year and Full Year Net New Bookings Grew 41% to a Record $305 Million This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-07-31,81.83,84.045,81.56,83.97,
CSGP,2023-08-01,83.38,83.5,82.791,83.12,
CSGP,2023-08-02,83.0,83.12,81.96,82.18,
CSGP,2023-08-03,81.89,82.44,80.62,80.92,
CSGP,2023-08-04,81.14,82.48,80.585,81.41,
CSGP,2023-08-07,81.56,81.91,81.08,81.55,
CSGP,2023-08-08,81.15,82.1,80.55,81.88,
CSGP,2023-08-09,81.94,82.25,81.11,81.25,
CSGP,2023-08-10,82.24,82.43,80.37,80.73,"Guru Fundamental Report for CSGP - Benjamin Graham Below is Validea's guru fundamental report for COSTAR GROUP INC (CSGP). Of the 22 guru strategies we follow, CSGP rates highest using our Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth. COSTAR GROUP INC (CSGP) is a large-cap growth stock in the Business Services industry. The rating using this strategy is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. SECTOR: PASS SALES: PASS CURRENT RATIO: PASS LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS LONG-TERM EPS GROWTH: PASS P/E RATIO: FAIL PRICE/BOOK RATIO: FAIL Detailed Analysis of COSTAR GROUP INC CSGP Guru Analysis CSGP Fundamental Analysis More Information on Benjamin Graham Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the ""Father of Value Investing"" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-08-11,79.99,80.88,79.5,80.84,
CSGP,2023-08-14,80.74,81.56,80.22,81.31,
CSGP,2023-08-15,80.6,80.9,79.62,79.87,
CSGP,2023-08-16,80.0,80.64,79.26,79.37,
CSGP,2023-08-17,79.53,79.67,77.77,77.88,"CoStar Group (CSGP) Shares Cross Below 200 DMA In trading on Thursday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed below their 200 day moving average of $78.12, changing hands as low as $77.77 per share. CoStar Group, Inc. shares are currently trading down about 1.9% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $65.12 per share, with $92.36 as the 52 week high point — that compares with a last trade of $77.88. The CSGP DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: • HSMV Videos • BTCS Average Annual Return • RYLD YTD Return The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-08-18,77.41,78.59,77.17,78.29,
CSGP,2023-08-21,78.05,78.99,77.84,78.52,
CSGP,2023-08-22,78.78,79.44,78.62,79.08,
CSGP,2023-08-23,79.4,80.75,79.14,80.32,
CSGP,2023-08-24,80.78,81.165,79.5,79.56,
CSGP,2023-08-25,79.62,80.63,79.255,80.2,
CSGP,2023-08-28,80.76,81.95,80.55,81.77,"VOT's Holdings Imply 16% Gain Potential Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard Mid-Cap Growth ETF (Symbol: VOT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $231.42 per unit. With VOT trading at a recent price near $199.82 per unit, that means that analysts see 15.82% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VOT's underlying holdings with notable upside to their analyst target prices are BioMarin Pharmaceutical Inc (Symbol: BMRN), Lamb Weston Holdings Inc (Symbol: LW), and CoStar Group, Inc. (Symbol: CSGP). Although BMRN has traded at a recent price of $93.64/share, the average analyst target is 23.75% higher at $115.88/share. Similarly, LW has 23.68% upside from the recent share price of $96.35 if the average analyst target price of $119.17/share is reached, and analysts on average are expecting CSGP to reach a target price of $96.58/share, which is 20.43% above the recent price of $80.20. Below is a twelve month price history chart comparing the stock performance of BMRN, LW, and CSGP: Below is a summary table of the current analyst target prices discussed above: NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET Vanguard Mid-Cap Growth ETF VOT $199.82 $231.42 15.82% BioMarin Pharmaceutical Inc BMRN $93.64 $115.88 23.75% Lamb Weston Holdings Inc LW $96.35 $119.17 23.68% CoStar Group, Inc. CSGP $80.20 $96.58 20.43% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » Also see: • SMG YTD Return • BSX Options Chain • PMF market cap history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-08-29,81.72,82.72,81.37,82.37,
CSGP,2023-08-30,82.34,83.39,82.09,82.6,
CSGP,2023-08-31,82.47,82.82,81.94,81.99,
CSGP,2023-09-01,82.93,83.21,82.03,82.57,"U.S. airlines, travel industry gear up for Labor Day weekend surge By Priyamvada C Sept 1 (Reuters) - U.S. airlines and airports have geared up for a busy weekend ahead of the Labor Day holiday as travelers plan to jet off to international locations and cooler destinations. More than 20 million passengers will fly out of U.S. airports between Thursday and Tuesday, a 14% increase from the same time a year earlier, according to travel booking app Hopper, continuing the boom in international travel in recent months. The Transportation Security Administration (TSA) expects to screen more than 14 million passengers between Sept. 1 and Sept. 6. ""We anticipate this Labor Day holiday weekend will be busy, with passenger volumes nearly 11% higher than last year—volumes that already exceeded 2019 Labor Day holiday travel volumes,"" TSA Administrator David Pekoske said in a statement. U.S. travelers have been flying overseas with greater frequency in recent months, taking advantage of flexible work arrangements, the end of coronavirus testing mandates, and a strong U.S. dollar. International bookings for flights, hotels, rental cars, and cruises for the Labor Day weekend were up 44% from a year ago, according to travel group AAA, while domestic bookings rose 4% compared with last year. Travel operators with a larger international footprint have reported strong earnings, with companies ranging from Airbnb to Marriott forecasting strong future demand due to robust global travel and higher room rates. ""U.S. room rates were up 2.5% for the first 26 days in August and we expect similar rate increases year over year for the long weekend,"" said Jan Freitag, national director of hospitality analytics at CoStar Group. AAA said Vancouver, Rome, London, Dublin, and Paris were the top five destinations for the long weekend. Domestic cruise bookings also look strong, up 19% compared with a year earlier, AAA estimated. Airfare for domestic getaways is averaging $226 per ticket, down 11% from last year and 20% lower from the Labor Day weekend in 2019, according to Hopper. While analysts expect demand to hold up this weekend, hurricane Idalia has wrecked havoc in certain regions in the United States, upending travel plans for thousands. More than 1,500 flights were delayed on Friday and 60 flights were canceled, according to flight-tracking website Flightaware.com as Hurricane Idalia slammed into the Big Bend region of Florida earlier this week. (Reporting by Priyamvada C in Bengaluru; Additional reporting by Doyinsola Oladipo in New York; Editing by Vinay Dwivedi) ((Priyamvada.C@thomsonreuters.comhttps://twitter.com/priyamouli1812?lang=en;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-09-05,81.15,83.75,81.15,83.08,
CSGP,2023-09-06,83.26,83.66,82.46,82.99,
CSGP,2023-09-07,82.92,83.84,82.79,83.62,
CSGP,2023-09-08,83.8,84.155,82.17,82.57,
CSGP,2023-09-11,82.86,82.89,81.91,82.41,
CSGP,2023-09-12,82.26,82.32,81.38,81.76,"First Week of January 2026 Options Trading For CoStar Group (CSGP) Investors in CoStar Group, Inc. (Symbol: CSGP) saw new options become available this week, for the January 2026 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 857 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CSGP options chain for the new January 2026 contracts and identified one put and one call contract of particular interest. The put contract at the $80.00 strike price has a current bid of $10.20. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $80.00, but will also collect the premium, putting the cost basis of the shares at $69.80 (before broker commissions). To an investor already interested in purchasing shares of CSGP, that could represent an attractive alternative to paying $81.89/share today. Because the $80.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 66%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 12.75% return on the cash commitment, or 5.43% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for CoStar Group, Inc., and highlighting in green where the $80.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $100.00 strike price has a current bid of $11.60. If an investor was to purchase shares of CSGP stock at the current price level of $81.89/share, and then sell-to-open that call contract as a ""covered call,"" they are committing to sell the stock at $100.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 36.28% if the stock gets called away at the January 2026 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if CSGP shares really soar, which is why looking at the trailing twelve month trading history for CoStar Group, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing CSGP's trailing twelve month trading history, with the $100.00 strike highlighted in red: Considering the fact that the $100.00 strike represents an approximate 22% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 47%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 14.17% boost of extra return to the investor, or 6.03% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 37%, while the implied volatility in the call contract example is 29%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $81.89) to be 29%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the Nasdaq 100 » Also see: • Energy Stocks Hedge Funds Are Selling • BBUS Videos • Top Ten Hedge Funds Holding GSI The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-09-13,81.76,82.04,80.96,81.04,
CSGP,2023-09-14,81.33,81.56,79.94,80.66,
CSGP,2023-09-15,80.74,80.85,78.34,79.12,
CSGP,2023-09-18,79.19,80.01,78.745,79.72,
CSGP,2023-09-19,79.67,80.17,78.91,80.06,
CSGP,2023-09-20,81.05,81.765,80.71,81.13,"[""JMP Securities Reiterates Costar Group (CSGP) Market Outperform Recommendation Fintel reports that on September 20, 2023, JMP Securities reiterated coverage of Costar Group (NASDAQ:CSGP) with a Market Outperform recommendation. Analyst Price Forecast Suggests 24.75% Upside As of August 31, 2023, the average one-year price target for Costar Group is 99.88. The forecasts range from a low of 80.80 to a high of $119.70. The average price target represents an increase of 24.75% from its latest reported closing price of 80.06. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 9.97%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1470 funds or institutions reporting positions in Costar Group. This is a decrease of 7 owner(s) or 0.47% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.52%, an increase of 18.77%. Total shares owned by institutions increased in the last three months by 0.60% to 499,368K shares. The put/call ratio of CSGP is 1.97, indicating a bearish outlook. What are Other Shareholders Doing? Bamco holds 19,105K shares representing 4.68% ownership of the company. In it's prior filing, the firm reported owning 18,970K shares, representing an increase of 0.71%. The firm increased its portfolio allocation in CSGP by 20.09% over the last quarter. Principal Financial Group holds 19,047K shares representing 4.66% ownership of the company. In it's prior filing, the firm reported owning 19,277K shares, representing a decrease of 1.21%. The firm increased its portfolio allocation in CSGP by 22.10% over the last quarter. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,761K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 12,584K shares, representing an increase of 1.39%. The firm increased its portfolio allocation in CSGP by 20.94% over the last quarter. Baillie Gifford holds 11,934K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 12,341K shares, representing a decrease of 3.41%. The firm increased its portfolio allocation in CSGP by 215.57% over the last quarter. Massachusetts Financial Services holds 11,370K shares representing 2.78% ownership of the company. In it's prior filing, the firm reported owning 11,543K shares, representing a decrease of 1.51%. The firm increased its portfolio allocation in CSGP by 22.64% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Nasdaq 100 Movers: MRNA, LULU In early trading on Wednesday, shares of lululemon athletica topped the list of the day's best performing components of the Nasdaq 100 index, trading up 2.4%. Year to date, lululemon athletica registers a 22.9% gain. And the worst performing Nasdaq 100 component thus far on the day is Moderna, trading down 2.1%. Moderna is lower by about 41.8% looking at the year to date performance. Two other components making moves today are Intel, trading down 1.9%, and CoStar Group, trading up 2.1% on the day. VIDEO: Nasdaq 100 Movers: MRNA, LULU The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""First Week of CSGP April 2024 Options Trading Investors in CoStar Group, Inc. (Symbol: CSGP) saw new options become available this week, for the April 2024 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 212 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CSGP options chain for the new April 2024 contracts and identified one put and one call contract of particular interest. The put contract at the $80.00 strike price has a current bid of $5.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $80.00, but will also collect the premium, putting the cost basis of the shares at $75.00 (before broker commissions). To an investor already interested in purchasing shares of CSGP, that could represent an attractive alternative to paying $81.63/share today. Because the $80.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.25% return on the cash commitment, or 10.76% annualized \u2014 at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for CoStar Group, Inc., and highlighting in green where the $80.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $85.00 strike price has a current bid of $6.50. If an investor was to purchase shares of CSGP stock at the current price level of $81.63/share, and then sell-to-open that call contract as a \""covered call,\"" they are committing to sell the stock at $85.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 12.09% if the stock gets called away at the April 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if CSGP shares really soar, which is why looking at the trailing twelve month trading history for CoStar Group, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing CSGP's trailing twelve month trading history, with the $85.00 strike highlighted in red: Considering the fact that the $85.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 47%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 7.96% boost of extra return to the investor, or 13.71% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 30%, while the implied volatility in the call contract example is 28%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $81.63) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the Nasdaq 100 \u00bb Also see: \u0095 Ray Dalio Stock Picks \u0095 Top Ten Hedge Funds Holding CNSF \u0095 Top Ten Hedge Funds Holding ACRS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-09-21,80.5,80.5,78.07,78.23,"CSGP Makes Notable Cross Below Critical Moving Average In trading on Thursday, shares of CoStar Group, Inc. (Symbol: CSGP) crossed below their 200 day moving average of $78.12, changing hands as low as $78.07 per share. CoStar Group, Inc. shares are currently trading off about 3.6% on the day. The chart below shows the one year performance of CSGP shares, versus its 200 day moving average: Looking at the chart above, CSGP's low point in its 52 week range is $65.12 per share, with $92.36 as the 52 week high point — that compares with a last trade of $78.23. The CSGP DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: • REITs Hedge Funds Are Selling • OptimumBank Hldgs Past Earnings • Institutional Holders of FLRT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-09-22,78.36,79.03,77.98,78.06,
CSGP,2023-09-25,77.83,78.64,77.4901,78.12,
CSGP,2023-09-26,78.0,78.11,76.025,76.3,
CSGP,2023-09-27,76.42,76.95,75.78,76.35,
CSGP,2023-09-28,76.56,77.4,76.1,76.81,
CSGP,2023-09-29,77.28,78.065,76.53,76.89,
CSGP,2023-10-02,76.78,77.13,75.32,75.97,
CSGP,2023-10-03,76.09,76.96,74.66,75.16,"CoStar's (CSGP) Homes.com Surpasses 100 Million Visitors CoStar Group CSGP recently announced a significant achievement for Homes.com, which surpassed a remarkable 100 million unique visitors in September. This milestone solidifies Homes.com as one of the top two real estate portals in the United States, outpacing competitors like Realtor.com and Redfin. Homes.com's distinction lies in its innovative ""your listing, your lead"" approach, facilitating direct connections between home shoppers and listing agents for a more informative and personalized experience. Its user-friendly interface, free from distracting ads and neighborhood guides, redefines how people discover their dream homes. Expanding Portfolio & Partner Base Aids Prospects CoStar Group shares have declined 1.7% year to date, underperforming the Zacks Computer and Technology sector’s growth of 33.8%. CoStar Group, Inc. Price and Consensus CoStar Group, Inc. price-consensus-chart | CoStar Group, Inc. Quote CoStar Group has been riding on an expanding partner base. In August, CSGP partnered with Richmond Public Schools, spearheading the Ultimate Backpack Supply Drive, a program providing over 35,000 backpacks filled with school essentials to students, furthering their commitment to education and community support. As part of CSGP’s ongoing business expansion, CoStar Group is enriching the content on Homes.com with immersive neighborhood videos, informative articles, and captivating photographs, enhancing the user experience. CSGP has introduced the Smith Travel Research (""STR"") product within CoStar, with more than 60 customer migrations already completed and an additional 250 customer transitions underway. This transition is expected to be completed in around one year, encompassing over 900 corporate accounts and 6,000 independent hotels. CoStar Group enhances agent engagement by connecting with their vast network of 1.1 million real estate agents via Homesnap Pro. This involves merging Homesnap Pro's features into Homes.com and shifting agents to Homes Pro, providing them unique benefits and improved tools in a user-friendly ""your listing, your lead"" system. For the third quarter of fiscal 2023, CSGP anticipates revenues between $622 million and $627 million, indicating growth of approximately 12% year over year at the midpoint. The Zacks Consensus Estimate for the current quarter is pegged at $625.27 million, suggesting a 12.27% growth year over year. For fiscal 2023, CSGP anticipates total revenues between $2.45 billion to $2.46 billion, indicating a year-over-year growth of 13% at the midpoint. Zacks Rank & Stocks to Consider Currently, CSGP has a Zacks Rank #2 (Buy). Dell Technologies DELL, NVIDIA NVDA and Splunk SPLK are some other top-ranked stocks that investors can consider in the broader sector, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. DELL, NVDA and SPLK shares have returned 68.3%, 206.5% and 69.7%, respectively, year to date. Long-term earnings growth rates for Dell Technologies, NVIDIA and SPLUNK are pegged at 12%,13.5% and 26.6%, respectively. Zacks Names ""Single Best Pick to Double"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s credited with a “watershed medical breakthrough” and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows. It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dell Technologies Inc. (DELL) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Splunk Inc. (SPLK) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-10-04,75.26,76.625,74.95,76.43,
CSGP,2023-10-05,76.67,79.625,76.44,79.49,
CSGP,2023-10-06,78.63,81.2,78.04,80.64,
CSGP,2023-10-09,80.03,81.91,79.9,81.57,
CSGP,2023-10-10,81.41,82.83,81.06,82.0,
CSGP,2023-10-11,82.23,82.63,80.84,81.87,
CSGP,2023-10-12,82.05,82.63,79.78,80.18,
CSGP,2023-10-13,80.48,80.68,79.38,80.3,"[""EXCLUSIVE-Activist hedge fund Starboard eyes Rupert Murdoch's News Corp -sources By Svea Herbst-Bayliss Oct 13 (Reuters) - Starboard Value, the activist hedge fund run by Jeffrey Smith, has bought shares of News Corp NWSA.O, according to people familiar with the matter, a move that could presage new calls from investors for changes to Rupert Murdoch's media empire. The fund's plans and the size of its stake in News Corp could not be learned. Smith will present investment ideas at two conferences, including the 13D Monitor Active-Passive Investment Summit next week. The sources requested anonymity because the matter is confidential. News Corp declined to comment and Starboard did not respond to a request for comment. News Corp's shares are up 14% year-to-date but have underperformed some peers like New York Times Co NYT.N. Its bets to boost digital revenue and subscriptions have yet to fully pay off. Starboard, which has pushed for changes at companies ranging from Salesforce CRM.N to Darden Restaurants DRI.N, would struggle to shake up News Corp without Murdoch's consent. The Murdoch family trust controls 39% of the company's voting shares. Irenic Capital Management, another activist hedge fund, was unsuccessful last year in convincing News Corp to spin off its real estate websites and Dow Jones, the publisher of the Wall Street Journal. Irenic did succeed in drumming up investor opposition to Murdoch's proposed merger with his other company Fox Corp FOXA.O, forcing him to abandon the plan. Starboard began building a stake in News Corp over the summer, before Murdoch, 92, announced on Sept 21 that he would step down as chairman, leaving his son Lachlan as sole chair, the sources said. Sources told Reuters in January that News Corp was in talks to sell its stake in Move, operator of the Realtor.com website, to CoStar Group Inc CSGP.O for about $3 billion. CoStar, owner of Apartments.com, said in February the deal talks ended unsuccessfully. (Reporting by Svea Herbst-Bayliss in New York Editing by Greg Roumeliotis and David Gregorio) ((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""JMP Securities Reiterates Costar Group (CSGP) Market Outperform Recommendation Fintel reports that on October 12, 2023, JMP Securities reiterated coverage of Costar Group (NASDAQ:CSGP) with a Market Outperform recommendation. Analyst Price Forecast Suggests 24.77% Upside As of October 5, 2023, the average one-year price target for Costar Group is 100.04. The forecasts range from a low of 80.80 to a high of $119.70. The average price target represents an increase of 24.77% from its latest reported closing price of 80.18. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 9.97%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1497 funds or institutions reporting positions in Costar Group. This is an increase of 32 owner(s) or 2.18% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.53%, an increase of 17.85%. Total shares owned by institutions increased in the last three months by 1.19% to 500,808K shares. The put/call ratio of CSGP is 1.90, indicating a bearish outlook. What are Other Shareholders Doing? Bamco holds 19,105K shares representing 4.68% ownership of the company. In it's prior filing, the firm reported owning 18,970K shares, representing an increase of 0.71%. The firm increased its portfolio allocation in CSGP by 20.09% over the last quarter. Principal Financial Group holds 19,047K shares representing 4.66% ownership of the company. In it's prior filing, the firm reported owning 19,277K shares, representing a decrease of 1.21%. The firm increased its portfolio allocation in CSGP by 22.10% over the last quarter. VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 17,140K shares representing 4.20% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,761K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 12,584K shares, representing an increase of 1.39%. The firm increased its portfolio allocation in CSGP by 20.94% over the last quarter. Baillie Gifford holds 11,934K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 12,341K shares, representing a decrease of 3.41%. The firm increased its portfolio allocation in CSGP by 215.57% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""EXCLUSIVE-Activist hedge fund Starboard eyes Rupert Murdoch's News Corp -sources By Svea Herbst-Bayliss Oct 13 (Reuters) - Starboard Value, the activist hedge fund run by Jeffrey Smith, has bought shares of News Corp NWSA.O, according to people familiar with the matter, a move that could presage new calls from investors for changes to Rupert Murdoch's media empire. The fund's plans and the size of its stake in News Corp could not be learned. The sources requested anonymity because the matter is confidential. News Corp declined to comment and Starboard did not respond to a request for comment. News Corp's shares rose 1% on the Starboard news before trimming gains and ending trading at $20.91. News Corp's shares are up 14% year-to-date but have underperformed some peers like New York Times Co NYT.N. Its bets to boost digital revenue and subscriptions have yet to fully pay off. Starboard, which has pushed for changes at companies ranging from Salesforce CRM.N to Darden Restaurants DRI.N, would struggle to shake up News Corp without Murdoch's consent. The Murdoch family trust controls 39% of the company's voting shares, a set-up several investors said they object to. Irenic Capital Management, another activist hedge fund last year pushed News Corp to spin off its real estate websites and Dow Jones, the publisher of the Wall Street Journal. Sources told Reuters in January that News Corp was in talks to sell its stake in Move, operator of the Realtor.com website, to CoStar Group Inc CSGP.O for about $3 billion. CoStar, owner of Apartments.com, said in February the deal talks ended unsuccessfully. Irenic also drummed up investor opposition to Murdoch's proposed merger with his other company Fox Corp FOXA.O, forcing him to abandon the plan. Starboard began building a stake in News Corp over the summer, before Murdoch, 92, announced on Sept 21 that he would step down as chairman, leaving his son Lachlan as sole chair, the sources said. (Reporting by Svea Herbst-Bayliss in New York Editing by Greg Roumeliotis and David Gregorio) ((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-10-16,81.85,81.92,80.15,81.62,
CSGP,2023-10-17,80.8,81.57,79.75,79.8,"Starboard's Smith pushes for News Corp break-up By Svea Herbst-Bayliss NEW YORK, Oct 17 (Reuters) - Activist hedge fund Starboard Value's CEO Jeff Smith said on Tuesday that Rupert Murdoch's News Corp NWSA.O is trading at a big discount to the value of its assets and should consider spinning some of them off. Smith's remarks at the 13D Monitor Active Passive Investor Summit came after Reuters revealed last week that Starboard had become a News Corp shareholder, in a prelude to a potential shake-up at Murdoch's media empire. Smith said News Corp could unlock billions of dollars in value by spinning off its Dow Jones news division, which publishes the Wall Street Journal, and its REA real estate division, publisher of property websites. ""We believe this valuation does not make sense,"" Smith said referring to News Corp's valuation that including debt approaches $12 billion, equivalent to 7.9 times its projected 2024 earnings before interest, taxes, depreciation and amortization. ""We believe separate news and real estate assets could help unlock $7 billion or more in value,"" he added. Starboard, which has pushed for changes at companies ranging from Salesforce CRM.N to Darden Restaurants would struggle to shake up News Corp without Murdoch's consent. The Murdoch family trust controls 39% of the company's voting shares. Starboard began building a stake in News Corp over the summer, before Murdoch, 92, announced on Sept 21 that he would step down as chairman, leaving his son Lachlan as sole chair, the sources said. News Corp's bets to boost digital revenue and subscriptions have yet to fully pay off, while the toll that high interest rates have taken on the real estate market has also been a drag on its digital property assets. Sources told Reuters in January that News Corp was in talks to sell its stake in Move, operator of the Realtor.com website, to CoStar Group Inc CSGP.O for about $3 billion. CoStar, owner of Apartments.com, said in February the deal talks ended unsuccessfully. (Reporting by Svea Herbst-Bayliss; Editing by Sharon Singleton) ((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-10-18,79.51,79.705,77.515,77.66,"[""CoStar Group (CSGP) to Post Q3 Earnings: What's in Store? CoStar Group CSGP is slated to report its third-quarter 2023 earnings on Oct 24. The company expects revenues between $622 million and $627 million, indicating growth of 12% year over year at the midpoint of the range. Earnings are expected between 29 and 30 cents per share. For the third quarter, the Zacks Consensus Estimate for revenues currently stands at $625.27 million, suggesting growth of 12.27% from the year-ago quarter. The consensus mark for earnings has remained unchanged at 30 cents per share over the past 30 days, unchanged year over year. CoStar Group\u2019s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 14.02%. CoStar Group, Inc. Price and EPS Surprise CoStar Group, Inc. price-eps-surprise | CoStar Group, Inc. Quote Let\u2019s see how things have shaped up for the upcoming announcement. Factors to Note CoStar Group\u2019s third-quarter performance is likely to have suffered from a challenging environment in both commercial and residential real estate. Supply has been outweighing demand, which does not bode well for its top-line growth. Higher interest rates have been dampening consumer confidence, which, along with lower occupancy, is expected to hurt CoStar Group\u2019s results in the to-be-reported quarter. Apartments.com (multifamily) is expected to have witnessed revenue growth in the third quarter of 2023, driven by strong traffic and higher ad spending. It is also benefiting from the addition of the Homes.com rental area to its network and the tremendous growth in traffic to Homes.com. Per the latest data from Apartments.com, the national vacancy rate moved up 10 basis points to 7%, the slowest increase since the vacancy rate began ascending at the end of 2021. The Zacks Consensus Estimate for Costar Group\u2019s third-quarter 2023 revenues is pegged at $234 million, indicating 2.2% sequential growth. The consensus mark for Loopnet is pegged at $66 million, flat year over year. What Our Model Says Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. CoStar Group has an Earnings ESP of 0.00% and currently carries a Zacks Rank #2. You can uncover the best stocks to buy or sell before they\u2019re reported with our Earnings ESP Filter. Stocks to Consider Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases: GoDaddy GDDY has an Earnings ESP of +14.08% and sports a Zacks Rank #1 at present. You can see the complete list of today\u2019s Zacks #1 Rank stocks here. GoDaddy shares have gained 1.6% year to date. GDDY is set to report its third-quarter 2023 results on Nov 2. Pinterest PINS has an Earnings ESP of +4.76% and a Zacks Rank #1. Pinterest shares have gained 21.5% year to date. PINS is set to report its third-quarter 2023 results on Oct 30. Cognizant CTSH has an Earnings ESP of +1.59% and a Zacks Rank #2. Cognizant shares have gained 12.3% year to date. CTSH is set to report its third-quarter 2023 results on Nov 1. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cognizant Technology Solutions Corporation (CTSH) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report GoDaddy Inc. (GDDY) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Roper Technologies (ROP) Reports Next Week: Wall Street Expects Earnings Growth The market expects Roper Technologies (ROP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 25, 2023, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise. Zacks Consensus Estimate This industrial equipment maker is expected to post quarterly earnings of $4.21 per share in its upcoming report, which represents a year-over-year change of +14.7%. Revenues are expected to be $1.54 billion, up 13.9% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has been revised 0.38% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Roper Technologies? For Roper Technologies, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.36%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination indicates that Roper Technologies will most likely beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Roper Technologies would post earnings of $4 per share when it actually produced earnings of $4.12, delivering a surprise of +3%. Over the last four quarters, the company has beaten consensus EPS estimates four times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Roper Technologies appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Expected Results of an Industry Player CoStar Group (CSGP), another stock in the Zacks Computers - IT Services industry, is expected to report earnings per share of $0.30 for the quarter ended September 2023. This estimate points to no change from the year-ago quarter. Revenues for the quarter are expected to be $625.27 million, up 12.3% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for CoStar has remained unchanged. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate. When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that CoStar will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Roper Technologies, Inc. (ROP) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-10-19,78.23,78.52,73.78,73.94,
CSGP,2023-10-20,73.94,74.43,72.82,73.84,"[""Oversold Conditions For CoStar Group (CSGP) Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of CoStar Group, Inc. (Symbol: CSGP) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $72.88 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 35.8. A bullish investor could look at CSGP's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CSGP shares: Looking at the chart above, CSGP's low point in its 52 week range is $65.12 per share, with $92.36 as the 52 week high point \u2014 that compares with a last trade of $73.03. Find out what 9 other oversold stocks you need to know about \u00bb Also see: \u0095 PYDS Historical Stock Prices \u0095 DMND Insider Buying \u0095 MASI Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""First Week of CSGP December 15th Options Trading Investors in CoStar Group, Inc. (Symbol: CSGP) saw new options become available this week, for the December 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CSGP options chain for the new December 15th contracts and identified one put and one call contract of particular interest. The put contract at the $70.00 strike price has a current bid of $2.40. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $70.00, but will also collect the premium, putting the cost basis of the shares at $67.60 (before broker commissions). To an investor already interested in purchasing shares of CSGP, that could represent an attractive alternative to paying $73.28/share today. Because the $70.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 70%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.43% return on the cash commitment, or 22.33% annualized \u2014 at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for CoStar Group, Inc., and highlighting in green where the $70.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $75.00 strike price has a current bid of $3.40. If an investor was to purchase shares of CSGP stock at the current price level of $73.28/share, and then sell-to-open that call contract as a \""covered call,\"" they are committing to sell the stock at $75.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.99% if the stock gets called away at the December 15th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if CSGP shares really soar, which is why looking at the trailing twelve month trading history for CoStar Group, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing CSGP's trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 53%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.64% boost of extra return to the investor, or 30.22% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 38%, while the implied volatility in the call contract example is 37%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $73.28) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the Nasdaq 100 \u00bb Also see: \u0095 Cheap REIT Stocks \u0095 Waters Stock Split History \u0095 XLY Options Chain The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-10-23,73.77,74.13,73.03,73.25,
CSGP,2023-10-24,73.75,74.31,72.95,74.17,"[""S&P 500 Analyst Moves: CSGP The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, CoStar Group, is now the #71 analyst pick, moving up by 1 spot. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values. Looking at the stock price movement year to date, CoStar Group is lower by about 4.5%. VIDEO: S&P 500 Analyst Moves: CSGP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""After-Hours Earnings Report for October 24, 2023 : MSFT, GOOGL, GOOG, V, TXN, CB, CNI, WM, CSGP, SNAP, MANH, FFIV The following companies are expected to report earnings after hours on 10/24/2023. Visit our Earnings Calendar for a full list of expected earnings releases. Microsoft Corporation (MSFT)is reporting for the quarter ending September 30, 2023. The computer software company's consensus earnings per share forecast from the 16 analysts that follow the stock is $2.65. This value represents a 12.77% increase compared to the same quarter last year. In the past year MSFT has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 5.91%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for MSFT is 30.21 vs. an industry ratio of -56.00, implying that they will have a higher earnings growth than their competitors in the same industry. Alphabet Inc. (GOOGL)is reporting for the quarter ending September 30, 2023. The internet services company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.45. This value represents a 36.79% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for GOOGL is 24.03 vs. an industry ratio of -318.40, implying that they will have a higher earnings growth than their competitors in the same industry. Alphabet Inc. (GOOG)is reporting for the quarter ending September 30, 2023. The internet services company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.45. This value represents a 36.79% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for GOOG is 24.28 vs. an industry ratio of -318.40, implying that they will have a higher earnings growth than their competitors in the same industry. Visa Inc. (V)is reporting for the quarter ending September 30, 2023. The financial transactions company's consensus earnings per share forecast from the 14 analysts that follow the stock is $2.23. This value represents a 15.54% increase compared to the same quarter last year. In the past year V has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.37%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for V is 26.70 vs. an industry ratio of 10.60, implying that they will have a higher earnings growth than their competitors in the same industry. Texas Instruments Incorporated (TXN)is reporting for the quarter ending September 30, 2023. The semiconductor company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.81. This value represents a 26.12% decrease compared to the same quarter last year. In the past year TXN has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 6.25%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TXN is 20.02 vs. an industry ratio of -17.40, implying that they will have a higher earnings growth than their competitors in the same industry. Chubb Limited (CB)is reporting for the quarter ending September 30, 2023. The insurance (property & casualty) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $4.21. This value represents a 32.81% increase compared to the same quarter last year. CB missed the consensus earnings per share in the 4th calendar quarter of 2022 by -4.03%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CB is 11.24 vs. an industry ratio of 18.70. Canadian National Railway Company (CNI)is reporting for the quarter ending September 30, 2023. The transportation (rail) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.29. This value represents a 20.86% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CNI is 19.64 vs. an industry ratio of 15.00, implying that they will have a higher earnings growth than their competitors in the same industry. Waste Management, Inc. (WM)is reporting for the quarter ending September 30, 2023. The waste removal company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.61. This value represents a 3.21% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for WM is 26.21 vs. an industry ratio of 11.80, implying that they will have a higher earnings growth than their competitors in the same industry. CoStar Group, Inc. (CSGP)is reporting for the quarter ending September 30, 2023. The information technology services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.26. This value represents a no change for the same quarter last year. In the past year CSGP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 3.85%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CSGP is 67.20 vs. an industry ratio of 2.50, implying that they will have a higher earnings growth than their competitors in the same industry. Snap Inc. (SNAP)is reporting for the quarter ending September 30, 2023. The internet software company's consensus earnings per share forecast from the 7 analysts that follow the stock is $-0.24. This value represents a 118.18% decrease compared to the same quarter last year. In the past year SNAP has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 4.17%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for SNAP is -11.72 vs. an industry ratio of -57.00, implying that they will have a higher earnings growth than their competitors in the same industry. Manhattan Associates, Inc. (MANH)is reporting for the quarter ending September 30, 2023. The computer software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.53. This value represents a 12.77% increase compared to the same quarter last year. In the past year MANH has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 26%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for MANH is 84.98 vs. an industry ratio of -56.00, implying that they will have a higher earnings growth than their competitors in the same industry. F5, Inc. (FFIV)is reporting for the quarter ending September 30, 2023. The internet software company's consensus earnings per share forecast from the 8 analysts that follow the stock is $2.46. This value represents a 35.16% increase compared to the same quarter last year. In the past year FFIV has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 19.42%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for FFIV is 17.77 vs. an industry ratio of -57.00, implying that they will have a higher earnings growth than their competitors in the same industry. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group Q3 23 Earnings Conference Call At 5:00 PM ET (RTTNews) - CoStar Group, Inc. (CSGP) will host a conference call at 5:00 PM ET on October 24, 2023, to discuss Q3 23 earnings results. To access the live webcast, log on to https://investors.costargroup.com/news-and-events/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group, Inc. Q3 Profit Increases, Inline With Estimates (RTTNews) - CoStar Group, Inc. (CSGP) announced earnings for its third quarter that increased from the same period last year in line with the Street estimates. The company's earnings came in at $90.57 million, or $0.22 per share. This compares with $72.29 million, or $0.18 per share, in last year's third quarter. Excluding items, CoStar Group, Inc. reported adjusted earnings of $120.17 million or $0.30 per share for the period. Analysts on average had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 12.2% to $624.67 million from $556.92 million last year. CoStar Group, Inc. earnings at a glance (GAAP) : -Earnings (Q3): $90.57 Mln. vs. $72.29 Mln. last year. -EPS (Q3): $0.22 vs. $0.18 last year. -Analyst Estimate: $0.30 -Revenue (Q3): $624.67 Mln vs. $556.92 Mln last year. -Guidance: Next quarter EPS guidance: $0.31 - $0.32 Next quarter revenue guidance: $630 - $635 Mln Full year EPS guidance: $1.21 - $1.22 Full year revenue guidance: $2.445 - $2.450 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar Group (CSGP) Q3 Earnings Match Estimates CoStar Group (CSGP) came out with quarterly earnings of $0.30 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.30 per share when it actually produced earnings of $0.31, delivering a surprise of 3.33%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $624.67 million for the quarter ended September 2023, missing the Zacks Consensus Estimate by 0.16%. This compares to year-ago revenues of $556.92 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CoStar shares have lost about 5.2% since the beginning of the year versus the S&P 500's gain of 9.8%. What's Next for CoStar? While CoStar has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CoStar: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.35 on $644.44 million in revenues for the coming quarter and $1.25 on $2.46 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. ASGN Inc (ASGN), another stock in the same industry, has yet to report results for the quarter ended September 2023. The results are expected to be released on October 25. This staffing company is expected to post quarterly earnings of $1.56 per share in its upcoming report, which represents a year-over-year change of -12.9%. The consensus EPS estimate for the quarter has been revised 0.2% lower over the last 30 days to the current level. ASGN Inc's revenues are expected to be $1.11 billion, down 7.2% from the year-ago quarter. Zacks Names \""Single Best Pick to Double\"" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It\u2019s credited with a \u201cwatershed medical breakthrough\u201d and is developing a bustling pipeline of other projects that could make a world of difference for patients suffering from diseases involving the liver, lungs, and blood. This is a timely investment that you can catch while it emerges from its bear market lows. It could rival or surpass other recent Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report ASGN Incorporated (ASGN) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-10-25,68.0,71.3,67.35,70.91,"[""CoStar Group (CSGP) Q3 Earnings Meet Estimates, Revenues Up Y/Y CoStar Group CSGP reported non-GAAP earnings of 30 cents per share in third-quarter 2023, in line with the Zacks Consensus Estimate. Revenues of $625 million missed the Zacks Consensus Estimate by 0.16% but increased 12.2% year over year. Top-Line Details CoStar revenues (37.4% of revenues) of $233.4 million missed the consensus estimate by 0.18%, but increased 9.7% year over year. Apartments.com revenues increased 24% year over year. Net new bookings in the third quarter amounted to $65 million. Information Services revenues (7.1% of revenues) of $44.6 million beat the consensus mark by 1% and increased 8.8% year over year. Multifamily revenues (37.7% of revenues) of $235.3 million lagged the consensus estimate by 0.78% but increased 24.2% year over year. CoStar Group, Inc. Price, Consensus and EPS Surprise CoStar Group, Inc. price-consensus-eps-surprise-chart | CoStar Group, Inc. Quote LoopNet revenues (10.8% of revenues) of $67.5 million beat the consensus mark by 2.05% and were up 14.6% year over year. Third-quarter residential revenues (1.6% of revenues) were $10.3 million, missing the consensus mark by 8.91% and declining 46.8% year over year. Other marketplace revenues (5.4% of revenues) of $33.6 million missed the consensus mark by 1.81% and decreased 5.3% year over year. As reported by Google Analytics, Homes.com achieved a milestone with 100 million unique visitors in September. Operating Details In the reported quarter, selling and marketing expenses increased 44% year over year to $266.9 million. As a percentage of revenues, selling and marketing expenses were 42.7% compared with 33.3% reported in the year-ago quarter. General and administrative expenses, as a percentage of revenues, dropped 130 basis points (bps) on a year-over-year basis to 15.1%. Software development expenses, as a percentage of revenues, expanded by 60 bps. Customer base amortization expenses contracted 370 bps on a year-over-year basis. Adjusted EBITDA margin in the third quarter was 17.9% compared with 27.4% in the year-ago quarter. Balance Sheet and Cash Flow Statement CoStar reported cash and cash equivalents of $5.2 billion as of Sept 30, 2023, compared with $5.2 billion as of Jun 30, 2023. The company had a long-term debt of $990.1 million as of Sept 30, 2023, compared with $989.5 million as of Jun 30, 2023. It generated $522.9 million in cash from operations compared with $298.4 million in the previous quarter. Key Post Quarter Development CoStar announced its plan to acquire OnTheMarket, a top UK residential property portal, leveraging its two-decade UK success and significant software investments in Homes.com to gain a technology scale advantage. The transaction is expected to close in fourth-quarter 2023. Guidance CoStar expects 2023 revenues between $2.445 billion and $2.450 billion, indicating a year-over-year growth of approximately 12% at the midpoint. The Zacks Consensus Estimate for revenues is pegged at $2.46 billion, indicating 12.74% year-over-year growth. Commercial information and marketplace business is expected to deliver 14% revenue growth for 2023. The company expects 2023 adjusted EBITDA in the range of $485-$490 million. Fourth-quarter 2023 revenues are expected to be between $630 million and $635 million, indicating growth of approximately 10% at the mid-point. The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $644.4 million. Commercial information and marketplace business is expected to deliver 12% year-over-year revenue growth in the fourth quarter of 2023. For the fourth quarter of 2023, CoStar expects adjusted EBITDA in the $123-$128 million range. Earnings are expected between $1.21 and $1.22 per share for 2023. The consensus mark is pegged at $1.25 per share, unchanged in the past 30 days. Moreover, earnings are projected to be between 31 and 32 cents per share for the fourth quarter. The Zacks Consensus Estimate for the quarter\u2019s earnings is pegged at 35 cents, unchanged in the past 30 days. Zacks Rank & Stocks to Consider CoStar currently carries a Zacks Rank #2 (Buy). CSGP\u2019s shares have declined 4% compared with the Zacks Computer and Technology sector\u2019s rise of 34.5% year to date. Here are some better-ranked stocks worth considering in the broader sector. GoDaddy GDDY, Blackblaze BLZE and Pinterest PINS are some better-ranked stocks that investors can consider in the broader sector. All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today\u2019s Zacks #1 Rank stocks here. GoDaddy shares have returned 0.0% year to date. GoDaddy is scheduled to release third-quarter 2023 results on Nov 2. BLZE shares have declined 16.6% year to date. BLZE is set to report its third-quarter 2023 results on Oct 26. Pinterest shares have returned 10.3% year to date. PINS is set to report its third-quarter 2023 results on Oct 30. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2023. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report GoDaddy Inc. (GDDY) : Free Stock Analysis Report Pinterest, Inc. (PINS) : Free Stock Analysis Report Backblaze, Inc. (BLZE) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""US STOCKS-S&P 500, Nasdaq dip as Alphabet slides By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - The Nasdaq and the S&P 500 slipped on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while post-earnings gains in Microsoft and Boeing helped lift the Dow. Google-parent AlphabetGOOGL.O slid 8.6% to a three-month low as its cloud business crawled to its slowest growth in at least 11 quarters. MicrosoftMSFT.O, on the other hand, rose 3.8% to a three-month high after topping expectations for first-quarter results in all segments, including its cloud business. \""Investors are worried that Alphabet is losing out to Microsoft and Amazon in a sector deemed to have enormous growth potential due to the future uptake of generative artificial intelligence,\"" David Morrison, senior market analyst at Trade Nation, said. However, a rise in long-dated U.S. Treasury yields also weighed on other mega-cap stocks. Meta Platforms META.O, due to report after the closing bell, fell 3.0%, while Apple AAPL.O and Amazon.com AMZN.O dipped 1.2% and 3.2%, respectively. Eight of the 11 major S&P 500 sectors were trading lower, with communications services .SPLRCL touching a near one-month low, while consumer discretionary .SPLRCD and real estate .SPLRCR were among top laggards. Even after cutting its 737 delivery forecast for this year, BoeingBA.N advanced 1.9% on sticking to its goal of generating $3 billion to $5 billion in free cash flow and beating third-quarter revenue estimates. Defense contractor General DynamicsGD.N rose 3.5% after reporting a jump in third-quarter revenue. Of the 118 S&P 500 companies that have reported so far, 81% have beaten analysts' earnings expectations, LSEG data showed on Tuesday. Quarterly earnings are expected to grow 1.7% year-on-year. Meanwhile, Israel intensified its overnight bombing of southern Gaza, where officials said record numbers of Palestinians had been killed again, as violence flared elsewhere in the region and a showdown loomed at the U.N. on Wednesday over desperately needed aid. At 9:35 a.m. ET, the Dow Jones Industrial Average .DJI was up 85.11 points, or 0.26%, at 33,226.49, the S&P 500 .SPX was down 26.72 points, or 0.63%, at 4,220.96, and the Nasdaq Composite .IXIC was down 162.46 points, or 1.24%, at 12,977.42. Third-quarter gross domestic product, durable goods and personal consumption expenditure data scheduled for the rest of the week will also be in focus. U.S. Federal Reserve officials were under a media blackout ahead of their decision on interest rates on Nov. 1. Among other stocks, Texas InstrumentsTXN.O shed 2.7% after the analog chipmaker forecast fourth-quarter revenue and profit below estimates. CoStar GroupCSGP.O dropped 6.1% after the real estate information provider trimmed its annual revenue outlook. Casino operators MGM Resorts MGM.N and Caesars Entertainment CZR.O fell 2.2% and 3.4%, respectively, after the Detroit City Council passed a resolution supporting striking casino workers. Declining issues outnumbered advancers for a 2.99-to-1 ratio on the NYSE and a 2.41-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week high and 32 new lows, while the Nasdaq recorded 11 new highs and 144 new lows. 'Magnificent Seven' tech stock power U.S. markets this year https://tmsnrt.rs/46FRTPe (Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Savio D'Souza and Shounak Dasgupta) ((Ankika.Biswas@thomsonreuters.com; Shashwat.Chauhan@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Needham Maintains Costar Group (CSGP) Buy Recommendation Fintel reports that on October 25, 2023, Needham maintained coverage of Costar Group (NASDAQ:CSGP) with a Buy recommendation. Analyst Price Forecast Suggests 34.88% Upside As of October 5, 2023, the average one-year price target for Costar Group is 100.04. The forecasts range from a low of 80.80 to a high of $119.70. The average price target represents an increase of 34.88% from its latest reported closing price of 74.17. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 6.85%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1488 funds or institutions reporting positions in Costar Group. This is a decrease of 28 owner(s) or 1.85% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.52%, an increase of 16.19%. Total shares owned by institutions decreased in the last three months by 0.12% to 500,340K shares. The put/call ratio of CSGP is 2.23, indicating a bearish outlook. What are Other Shareholders Doing? Bamco holds 19,105K shares representing 4.68% ownership of the company. In it's prior filing, the firm reported owning 18,970K shares, representing an increase of 0.71%. The firm increased its portfolio allocation in CSGP by 20.09% over the last quarter. Principal Financial Group holds 19,047K shares representing 4.66% ownership of the company. In it's prior filing, the firm reported owning 19,277K shares, representing a decrease of 1.21%. The firm increased its portfolio allocation in CSGP by 22.10% over the last quarter. VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 17,140K shares representing 4.20% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,761K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 12,584K shares, representing an increase of 1.39%. The firm increased its portfolio allocation in CSGP by 20.94% over the last quarter. Baillie Gifford holds 11,934K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 12,341K shares, representing a decrease of 3.41%. The firm increased its portfolio allocation in CSGP by 215.57% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Truist Securities Maintains Costar Group (CSGP) Buy Recommendation Fintel reports that on October 25, 2023, Truist Securities maintained coverage of Costar Group (NASDAQ:CSGP) with a Buy recommendation. Analyst Price Forecast Suggests 34.88% Upside As of October 5, 2023, the average one-year price target for Costar Group is 100.04. The forecasts range from a low of 80.80 to a high of $119.70. The average price target represents an increase of 34.88% from its latest reported closing price of 74.17. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 6.85%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1488 funds or institutions reporting positions in Costar Group. This is a decrease of 28 owner(s) or 1.85% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.52%, an increase of 16.19%. Total shares owned by institutions decreased in the last three months by 0.12% to 500,340K shares. The put/call ratio of CSGP is 2.23, indicating a bearish outlook. What are Other Shareholders Doing? Bamco holds 19,105K shares representing 4.68% ownership of the company. In it's prior filing, the firm reported owning 18,970K shares, representing an increase of 0.71%. The firm increased its portfolio allocation in CSGP by 20.09% over the last quarter. Principal Financial Group holds 19,047K shares representing 4.66% ownership of the company. In it's prior filing, the firm reported owning 19,277K shares, representing a decrease of 1.21%. The firm increased its portfolio allocation in CSGP by 22.10% over the last quarter. VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 17,140K shares representing 4.20% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,761K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 12,584K shares, representing an increase of 1.39%. The firm increased its portfolio allocation in CSGP by 20.94% over the last quarter. Baillie Gifford holds 11,934K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 12,341K shares, representing a decrease of 3.41%. The firm increased its portfolio allocation in CSGP by 215.57% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""JMP Securities Maintains Costar Group (CSGP) Market Outperform Recommendation Fintel reports that on October 25, 2023, JMP Securities maintained coverage of Costar Group (NASDAQ:CSGP) with a Market Outperform recommendation. Analyst Price Forecast Suggests 34.88% Upside As of October 5, 2023, the average one-year price target for Costar Group is 100.04. The forecasts range from a low of 80.80 to a high of $119.70. The average price target represents an increase of 34.88% from its latest reported closing price of 74.17. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 6.85%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1488 funds or institutions reporting positions in Costar Group. This is a decrease of 28 owner(s) or 1.85% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.52%, an increase of 16.19%. Total shares owned by institutions decreased in the last three months by 0.12% to 500,340K shares. The put/call ratio of CSGP is 2.23, indicating a bearish outlook. What are Other Shareholders Doing? Bamco holds 19,105K shares representing 4.68% ownership of the company. In it's prior filing, the firm reported owning 18,970K shares, representing an increase of 0.71%. The firm increased its portfolio allocation in CSGP by 20.09% over the last quarter. Principal Financial Group holds 19,047K shares representing 4.66% ownership of the company. In it's prior filing, the firm reported owning 19,277K shares, representing a decrease of 1.21%. The firm increased its portfolio allocation in CSGP by 22.10% over the last quarter. VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 17,140K shares representing 4.20% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,761K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 12,584K shares, representing an increase of 1.39%. The firm increased its portfolio allocation in CSGP by 20.94% over the last quarter. Baillie Gifford holds 11,934K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 12,341K shares, representing a decrease of 3.41%. The firm increased its portfolio allocation in CSGP by 215.57% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""JP Morgan Maintains Costar Group (CSGP) Overweight Recommendation Fintel reports that on October 25, 2023, JP Morgan maintained coverage of Costar Group (NASDAQ:CSGP) with a Overweight recommendation. Analyst Price Forecast Suggests 34.88% Upside As of October 5, 2023, the average one-year price target for Costar Group is 100.04. The forecasts range from a low of 80.80 to a high of $119.70. The average price target represents an increase of 34.88% from its latest reported closing price of 74.17. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 6.85%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1488 funds or institutions reporting positions in Costar Group. This is a decrease of 28 owner(s) or 1.85% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.52%, an increase of 16.19%. Total shares owned by institutions decreased in the last three months by 0.12% to 500,340K shares. The put/call ratio of CSGP is 2.23, indicating a bearish outlook. What are Other Shareholders Doing? Bamco holds 19,105K shares representing 4.68% ownership of the company. In it's prior filing, the firm reported owning 18,970K shares, representing an increase of 0.71%. The firm increased its portfolio allocation in CSGP by 20.09% over the last quarter. Principal Financial Group holds 19,047K shares representing 4.66% ownership of the company. In it's prior filing, the firm reported owning 19,277K shares, representing a decrease of 1.21%. The firm increased its portfolio allocation in CSGP by 22.10% over the last quarter. VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 17,140K shares representing 4.20% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,761K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 12,584K shares, representing an increase of 1.39%. The firm increased its portfolio allocation in CSGP by 20.94% over the last quarter. Baillie Gifford holds 11,934K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 12,341K shares, representing a decrease of 3.41%. The firm increased its portfolio allocation in CSGP by 215.57% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""US STOCKS-S&P 500, Nasdaq poised for lower open as Alphabet slides By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - The Nasdaq and the S&P 500 were set to open lower on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower pressured by rising U.S. Treasury yields. Google-parent AlphabetGOOGL.O slid 5.9% in premarket trading as its cloud business crawled to its slowest growth in at least 11 quarters. MicrosoftMSFT.O, on the other hand, rose 4.6% after topping expectations for first-quarter results in all segments, including its cloud business. \""Investors are worried that Alphabet is losing out to Microsoft and Amazon in a sector deemed to have enormous growth potential due to the future uptake of generative artificial intelligence,\"" David Morrison, senior market analyst at Trade Nation, said. However, a rise in long-dated U.S. Treasury yields also weighed on other mega-cap stocks. Meta Platforms META.O, due to report after the closing bell, fell 0.2%, while Apple AAPL.O and Amazon.com AMZN.O dipped 0.4% and 0.8%, respectively. Even after cutting its 737 delivery forecast for this year, BoeingBA.N advanced 3.2% on sticking to its goal of generating $3 billion to $5 billion in free cash flow and beating third-quarter revenue estimates. Mobile network operator T-Mobile USTMUS.O gained 1.5% after raising the lower end of its annual free cash flow forecast, while defense contractor General DynamicsGD.N rose 2.9% after reporting a jump in third-quarter revenue. Of the 118 S&P 500 companies that have reported so far, 81% have beaten analysts' earnings expectations, LSEG data showed on Tuesday. Quarterly earnings are expected to grow 1.7% year-on-year. Meanwhile, Israel's military intensified its bombing of southern Gaza overnight amid international calls for a pause in fighting to let aid into the enclave and prevent many more deaths. At 8:24 a.m. ET, Dow e-minis 1YMcv1 were up 99 points, or 0.3%, S&P 500 e-minis EScv1 were down 7.5 points, or 0.18%, and Nasdaq 100 e-minis NQcv1 were down 59 points, or 0.4%. All three major U.S. stock indexes ended higher in the previous session as a bunch of strong corporate earnings and upbeat forecasts stoked risk appetite. On the data front, focus will be on new home sales for September at 10 a.m. ET, with third-quarter gross domestic product, durable goods and personal consumption expenditure data scheduled for the rest of the week. U.S. Federal Reserve officials were under a media blackout ahead of their decision on interest rates on Nov. 1. Traders put the chance of interest rates remaining unchanged in November and December at around 99% and 70%, respectively, according to CME's FedWatch tool. Texas InstrumentsTXN.O shed 6.3% after the analog chipmaker forecast fourth-quarter revenue and profit below estimates. CoStar GroupCSGP.O dropped 7.7% after the real estate information provider trimmed its annual revenue outlook. Casino operators MGM Resorts MGM.N and Caesars Entertainment CZR.O fell 1.5% and 2.6%, respectively, after the Detroit City Council passed a resolution supporting striking casino workers. 'Magnificent Seven' tech stock power U.S. markets this year https://tmsnrt.rs/46FRTPe (Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Savio D'Souza and Shounak Dasgupta) ((Ankika.Biswas@thomsonreuters.com; Shashwat.Chauhan@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Markets Today: Stocks Under Pressure as Alphabet Earnings Disappoint Morning Markets December E-Mini S&P 500 futures (ESZ23) are down -0.28%, and the Dec Nasdaq 100 E-Mini futures (NQZ23) are down -0.53%. Stock index futures this morning are moderately lower on some disappointing technology earnings results. Alphabet is down more than -6% in pre-market trading after reporting weaker-than-expected cloud profit. Also, Texas Instruments is down more than -5% after reporting Q3 revenue below consensus and forecasting weaker-than-expected Q4 revenue. On the positive side, Microsoft is up more than +1% in pre-market trading after reporting stronger-than-expected quarterly revenue. In the Middle East, Qatar\u2019s foreign minister said talks to release hostages held by Hamas are progressing well, and there may be a breakthrough soon. Diplomatic efforts to prevent the Israeli-Hamas conflict from spreading in the Middle East have intensified in recent days, with French President Macron due in Egypt today and more European leaders visiting Israel. Israel said it supports diplomatic efforts to get Hamas to release hostages from Gaza, a move that could delay a possible ground invasion, although Israel said it wouldn\u2019t wait long to start its ground assault. Iran and its proxy forces in Lebanon, Iraq, and Yemen have warned they could retaliate against Israel if Israeli troops enter Gaza. U.S. weekly MBA mortgage applications fell -1.0% in the week ended Oct 20. The home purchase mortgage sub-index fell -2.2% to its lowest level in 28 years, and the refinancing mortgage sub-index rose +1.8%. The average 30-year fixed rate mortgage rose +20 bp to 7.90%, the highest in 23 years. The markets are discounting a 2% chance that the FOMC will raise the funds rate by +25 bp at the next FOMC meeting that ends on November 1, and a 27% chance for that +25 bp rate hike at the following meeting that ends on December 13. The markets are then expecting the FOMC to begin cutting rates in the second half of 2024 in response to an expected slowdown in the U.S. economy. U.S. and European bond yields are lower. The 10-year T-note yield is up +5.7 bp at 4.880%. The 10-year German bund yield is up +3.1 bp at 2.859%. The 10-year UK gilt yield is up +2.3 bp at 4.563%. Overseas stock markets are higher. The Euro Stoxx 50 is up +0.20%. China\u2019s Shanghai Composite Index closed up +0.40%. Japan\u2019s Nikkei 225 today closed up +0.67%. The Euro Stoxx 50 today recovered from early losses and is moderately higher on strength in bank stocks. Deutsche Bank AG jumped more than +7% to lead European bank stocks higher after it said it plans to accelerate payouts to shareholders as higher income from its corporate bank and deposit inflows offset weaker trading results in Q3. The Euro Stoxx 50 initially moved lower today on some disappointing corporate earnings results. European luxury goods makers were under pressure, with Gucci owner Kering SA down more than -3% after reporting a larger-than-expected decline in Q3 revenue and sales. Also, consumer products makers were in retreat, led by a decline of more than -2% in Reckitt Benckiser Group Plc after Q3 sales rose less than expected. In addition, merchant services companies tumbled, led by a more than -50% plunge in Worldline after the French payments company cut its outlook for this year and scrapped its revenue growth target for next year. The Eurozone Sep M3 money supply fell -1.2% y/y, a smaller decline than expectations of -1.8% y/y. The German Oct IFO business climate index rose +1.1 to 86.9, stronger than expectations of 86.0. China\u2019s Shanghai Composite Stock Index today closed moderately higher. Efforts by the Chinese government to boost economic growth underpinned stock prices today. The Xinhua News Agency reported that the government approved a plan to raise the fiscal deficit ratio for 2023 to about 3.8% of GDP, above the 3% target the government set back in March. The plan includes issuing additional sovereign debt worth 1 trillion yuan ($137 billion) in Q4 to support disaster relief and construction. Gains in the overall market were limited by weakness in property stocks after Chinese developer Country Garden Holdings was deemed to be in default on a dollar bond for the first time after failure to pay interest on the note within a grace period that ended last week. Japan\u2019s Nikkei Stock Index today posted moderate gains. Japanese stocks related to China's consumer and manufacturing demand rose today after the Chinese government stepped up efforts to boost domestic growth. Also, Japanese technology stocks rose after Microsoft announced a strong sales increase in its fiscal first quarter. In addition, a Japanese lawmaker said Japan is aiming to secure an additional 1.49 trillion yen ($10 billion) in subsidies for two semiconductor projects: 900 billion yen would be set aside for a second Taiwan Semiconductor Manufacturing factory in Kumamoto, while 590 billion yen would be used for Japan\u2019s homegrown chip venture Rapidus Corp. The Japan Aug leading index CI was revised downward by -0.3 to 109.2 from the initially reported 109.5. Pre-Market U.S. Stock Movers Alphabet (GOOGL) tumbled more than -6% in pre-market trading after reporting Q3 cloud revenue of $8.41 billion, weaker than the consensus of $8.60 billion. Texas Instruments (TXN) dropped more than -5% in pre-market trading after reporting Q3 revenue of $4.53 billion, below the consensus of $4.55 billion, and forecasting Q4 revenue of $3.93 billion-$4.27 billion, weaker than the consensus of $4.49 billion. CoStar Group (CSGP) sank more than -9% in pre-market trading after reporting Q3 revenue of $624.7 million, below the consensus of $626 million, and forecasting Q4 revenue of $630 million-$635 million, weaker than the consensus of $644 million. Teladoc Health (TDOC) tumbled more than -7% in pre-market trading after reporting Q3 revenue of $660.2 million, weaker than the consensus of $664.3 million, and cutting its full-year revenue forecast to $2.60 billion-$2.63 billion from a prior estimate of $2.60 billion-$2.68 billion, below the consensus of $2.63 billion. Affirm Holdings (AFRM) fell more than -3% in pre-market trading after Compass Point Research & Trading LLC downgraded to sell from neutral with a price target of $13. Albemarle (ALB) dropped more than -2% in pre-market trading after Piper Sandler downgraded the stock to neutral from overweight. Etsy (ETSY) fell more than -2% in pre-market trading after Citigroup downgraded the stock to neutral from buy. Thermo Fisher (TMO) slid more than -1% in pre-market trading after reporting Q3 revenue of $10.57 billion, weaker than the consensus of $10.64 billion, and cutting its full-year revenue forecast to $42.7 billion from a prior forecast of $43.4 billion-$44 billion, below the consensus of $43.54 billion. Microsoft (MSFT) rose more than +1% in pre-market trading after reporting Q1 revenue of $56.52 billion, well above the consensus of $54.54 billion. Boeing (BA) rallied more than +3% in pre-market trading after reiterating full-year adjusted free cash flow of $3 billion-$5 billion, stronger than the consensus of $3.53 billion. Chewy Inc (CHWY) climbed more than +2% in pre-market trading after UBS upgraded the stock to neutral from sell. Vertiv Holdings (VRT) rose more than +2% in pre-market trading after reporting Q3 adjusted EPS of 52 cents, better than the consensus of 44 cents, and raising its full-year adjusted EPS estimate to $1.69-$1.73 from a prior forecast of $1.54-$1.64. The Gap (GPS) climbed more than +3% in pre-market trading after Wells Fargo Securities upgraded the stock to overweight from equal weight with a price target of $16. Veeva Systems (VEEV) rose more than +2% in pre-market trading after Wells Fargo Securities upgraded the stock to overweight from equal weight with a price target of $229. Earnings Reports (10/25/2023) Align Technology Inc (ALGN), Ameriprise Financial Inc (AMP), Amphenol Corp (APH), Automatic Data Processing Inc ADP), AvalonBay Communities Inc (AVB), Avery Dennison Corp (AVY), Baker Hughes Co (BKR), Boeing Co/The (BA), CME Group Inc (CME), Edwards Lifesciences Corp (EW), EQT Corp (EQT), Equinix Inc (EQIX), Everest Group Ltd (EG), Fortive Corp (FTV), General Dynamics Corp (GD), Globe Life Inc (GL), Hess Corp (HES), Hilton Worldwide Holdings Inc (HLT), IDEX Corp (IEX), International Business Machine (IBM), Invitation Homes Inc (INVH), KLA Corp (KLAC), MarketAxess Holdings Inc (MKTX), Meta Platforms Inc (META), Mid-America Apartment Community (MAA), Molina Healthcare Inc (MOH), Moody's Corp (MCO), Norfolk Southern Corp (NSC), Old Dominion Freight Line Inc (ODFL), O'Reilly Automotive Inc (ORLY), Otis Worldwide Corp (OTIS), Raymond James Financial Inc (RJF), Rollins Inc (ROL), Roper Technologies Inc (ROP), ServiceNow Inc (NOW), Teledyne Technologies Inc (TDY), Teradyne Inc (TER), Thermo Fisher Scientific Inc (TMO), T-Mobile US Inc (TMUS), United Rentals Inc (URI), Universal Health Services Inc (UHS), Veralto Corp (VLTO), VICI Properties Inc (VICI), Westinghouse Air Brake Technol (WAB), Whirlpool Corp (WHR). More Stock Market News from Barchart GS Option Trade Targets A Profit Zone Between 285 and 305 Nasdaq Futures Plunge as Alphabet\u2019s Cloud Business Revenue Disappoints, Meta Earnings on Tap Aspen Aerogels Jumps 25%: Time to Buy? Stocks Close Moderately Higher on Strong Corporate Earnings Results On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""US STOCKS-S&P 500, Nasdaq futures down as Alphabet slides By Ankika Biswas and Shashwat Chauhan Oct 25 (Reuters) - Futures tracking the Nasdaq and the S&P 500 slipped on Wednesday as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower pressured by rising U.S. Treasury yields. Google-parent AlphabetGOOGL.O slid 6.6% in premarket trading as its cloud business crawled to its slowest growth in at least 11 quarters. MicrosoftMSFT.O, on the other hand, rose 3.9% after topping expectations for first-quarter results in all segments, including its cloud business. \""Microsoft's head start in AI seems to be paying off, while Alphabet appears to be in catch-up mode on both this and cloud computing,\"" said Danni Hewson, AJ Bell's head of financial analysis. However, a rise in long-dated U.S. Treasury yields also pressured other mega-cap stocks. Meta Platforms META.O, due to report after the closing bell, fell 0.7%, while Apple AAPL.O and Amazon.com AMZN.O dropped 0.3% and 1.2%, respectively. Mobile network operator T-Mobile USTMUS.O gained 1.5% after raising the lower end of its annual free cash flow forecast. Of the 118 S&P 500 companies that have reported so far, 81% have beaten analysts' earnings expectations, LSEG data showed on Tuesday. Third-quarter earnings are expected to grow 1.7% year-on-year. Meanwhile, Israel intensified its bombing of southern Gaza overnight as world leaders called for a halt to fighting to allow aid into the besieged enclave. At 7:05 a.m. ET, Dow e-minis 1YMcv1 were up 47 points, or 0.14%, S&P 500 e-minis EScv1 were down 13 points, or 0.3%, and Nasdaq 100 e-minis NQcv1 were down 78.75 points, or 0.53%. All three major U.S. stock indexes ended higher in the previous session as a bunch of strong corporate earnings and upbeat forecasts stoked risk appetite. On the data front, focus will be on new home sales for September at 10 a.m. ET, with third-quarter gross domestic product, durable goods and personal consumption expenditure data scheduled for the rest of the week. U.S. Federal Reserve officials were under a media blackout ahead of their decision on interest rates on Nov. 1. Traders put the chance of interest rates remaining unchanged in November and December at around 99% and 70%, respectively, according to CME's FedWatch tool. Texas InstrumentsTXN.O shed 5.3% after the analog chipmaker forecast fourth-quarter revenue and profit below estimates. CoStar GroupCSGP.O dipped 7.2% after the real estate information provider trimmed its annual revenue outlook. 'Magnificent Seven' tech stock power U.S. markets this year https://tmsnrt.rs/46FRTPe (Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Savio D'Souza and Shounak Dasgupta) ((Ankika.Biswas@thomsonreuters.com; Shashwat.Chauhan@thomsonreuters.com)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Big Tech Losses Weigh on Overall Market as Alphabet Slumps What you need to know\u2026 The S&P 500 Index ($SPX) (SPY) today is down -0.89%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.35%. Stocks this morning are moderately lower as some disappointing earnings results from big technology companies weighed on the overall market. Alphabet is down more than -8% after reporting weaker-than-expected cloud profit. Also, Automatic Data Processing, Thermo Fisher, and Fortive Corp are down more than -7% after reporting Q3 revenue below consensus. Losses in the Dow Jones Industrials are limited, with Microsoft up more than +3% after reporting stronger-than-expected quarterly revenue. Stocks extended their losses this morning after bond yields jumped when U.S Sep new home sales rose more than expected to a 20-month high, a hawkish factor for Fed policy. In the Middle East, Qatar\u2019s foreign minister said talks to release hostages held by Hamas are progressing well, and there may be a breakthrough soon. Diplomatic efforts to prevent the Israeli-Hamas conflict from spreading in the Middle East have intensified in recent days, with French President Macron due in Egypt today and more European leaders visiting Israel. Israel said it supports diplomatic efforts to get Hamas to release hostages from Gaza, a move that could delay a possible ground invasion, although Israel said it wouldn\u2019t wait long to start its ground assault. Iran and its proxy forces in Lebanon, Iraq, and Yemen have warned they could retaliate against Israel if Israeli troops enter Gaza. U.S. Sep new home sales rose +12.3% m/m to a 20-month high of 759,000, stronger than expectations of 680,000. U.S. weekly MBA mortgage applications fell -1.0% in the week ended Oct 20. The home purchase mortgage sub-index fell -2.2% to its lowest level in 28 years, and the refinancing mortgage sub-index rose +1.8%. The average 30-year fixed rate mortgage rose +20 bp to 7.90%, the highest in 23 years. The markets are discounting a 2% chance that the FOMC will raise the funds rate by +25 bp at the next FOMC meeting that ends on November 1, and a 27% chance for that +25 bp rate hike at the following meeting that ends on December 13. The markets are then expecting the FOMC to begin cutting rates in the second half of 2024 in response to an expected slowdown in the U.S. economy. U.S. and European bond yields are higher. The 10-year T-note yield is up +8.9 bp at 4.912%. The 10-year German bund yield is up +5.9 bp at 2.887%. The 10-year UK gilt yield is up +6.8 bp at 4.607%. Overseas stock markets are mixed. The Euro Stoxx 50 is down -0.13%. China\u2019s Shanghai Composite Index closed up +0.40%. Japan\u2019s Nikkei 225 today closed up +0.67%. Today\u2019s stock movers\u2026 Alphabet (GOOGL) is down more than -8% to lead losers in the S&P 500 and Nasdaq 100 after reporting Q3 cloud revenue of $8.41 billion, weaker than the consensus of $8.60 billion. CoStar Group (CSGP) is down more than -8% after reporting Q3 revenue of $624.7 million, below the consensus of $626 million, and forecasting Q4 revenue of $630 million-$635 million, weaker than the consensus of $644 million. Automatic Data Processing (ADP) is down more than -7% after reporting Q3 revenue of $4.50 billion, below the consensus of $4.52 billion. Thermo Fisher (TMO) is down more than -7% after reporting Q3 revenue of $10.57 billion, weaker than the consensus of $10.64 billion, and cutting its full-year revenue forecast to $42.7 billion from a prior forecast of $43.4 billion-$44 billion, below the consensus of $43.54 billion. Fortive Corp (FTV) is down more than -7% after reporting Q3 revenue of $1.49 billion, weaker than the consensus of $1.52 billion, and cutting its full-year revenue estimate to $6.0-$6.1 billion from a previous estimate of $6.1 billion. Texas Instruments (TXN) is down more than -3% after reporting Q3 revenue of $4.53 billion, below the consensus of $4.55 billion, and forecasting Q4 revenue of $3.93 billion-$4.27 billion, weaker than the consensus of $4.49 billion. Danaher (DHR) is down more than -5% after Barclays cut its price target on the stock to $215 from $290. Etsy (ETSY) is down more than -5% after Citigroup downgraded the stock to neutral from buy. Affirm Holdings (AFRM) is down more than -8% after Compass Point Research & Trading LLC downgraded to sell from neutral with a price target of $13. Albemarle (ALB) is down more than -3% after Piper Sandler downgraded the stock to neutral from overweight. Waste Management (WM) is up more than +6% to lead gainers in the S&P 500 after reporting Q3 adjusted EPS of $1.63, above the consensus of $1.61, and raising its full-year free cash flow estimate to $1.83 billion-$1.93 billion from a previous estimate of $1.68 billion-$1.78 billion, stronger than the consensus of $1.73 billion. Robert Half (RHI) is up more than +5% after reporting Q3 EPS of 90 cents, stronger than the consensus of 83 cents. Westinghouse Air Brake Technologies (WAB) is up more than +4% after reporting Q3 net sales of $2.55 billion, stronger than the consensus of $2.39 billion, and raising its full-year sales estimate to $8.50 billion-$9.70 billion from a previous forecast of $9.25 billion-$9.50 billion. General Dynamics (GD) is up more than +4% after reporting Q3 EPS of $3.04, above the consensus of $2.91. Microsoft (MSFT) is up more than +3% to lead gainers in the Dow Jones Industrials and Nasdaq 100 after reporting Q1 revenue of $56.52 billion, well above the consensus of $54.54 billion. F5 Inc (FFIV) is up more than +4% after reporting Q3 adjusted EPS of $3.50, well above the consensus of $3.20. Moody\u2019s Corp (MCO) is up more than +4% after reporting Q3 adjusted EPS of $2.43, better than the consensus of $2.30. Across the markets\u2026 December 10-year T-notes (ZNZ23) this morning are down -13 ticks, and the 10-year T-note yield is up +8.9 bp at 4.912%. Dec T-notes today are under pressure from strong U.S. economic news that may prompt the Fed to keep interest rates higher for longer after Sep new home sales rose more than expected to a 20-month high. Also, supply pressures are weighing on T-notes as the Treasury later today will auction $52 billion of 5-year T-notes and $26 billion of 2-year floating-rate notes as part of this week\u2019s $167 billion auction package of T-notes and floating-rate T-notes. The dollar index (DXY00) today is up by +0.14%. The dollar today is moving moderately higher after better-than-expected U.S. Sep new home sales pushed T-note yields higher. Also, the weakness in stocks today has sparked some liquidity demand for the dollar. EUR/USD (^EURUSD) today is down by -0.06%. The euro today is slightly lower. A stronger dollar today is negative for the euro, although losses in EUR/USD are contained after the German Oct IFO business climate index rose more than expected. Also, short covering is giving the euro a boost ahead of the results of Thursday\u2019s ECB meeting. The Eurozone Sep M3 money supply fell -1.2% y/y, a smaller decline than expectations of -1.8% y/y. The German Oct IFO business climate index rose +1.1 to 86.9, stronger than expectations of 86.0. USD/JPY (^USDJPY) today is unchanged. The yen today is little changed. A jump in T-note yields today is bearish for the yen. However, losses are limited as weakness in stocks today has sparked some haven buying of the yen. The Eurozone Sep M3 money supply fell -1.2% y/y, a smaller decline than expectations of -1.8% y/y. The German Oct IFO business climate rose +1.1 to 86.9, stronger than expectations of 86.0. December gold (GCZ3) today is up +1.2 (+0.06%), and Dec silver (SIZ23) is down -0.131 (-0.57%). Precious metals prices this morning are mixed. A stronger dollar today is bearish for precious metals prices. Also, higher global bond yields today are weighing on precious metals prices. Precious metals still have safe-haven support from geopolitical risks in the Middle East as Israel continues to bomb Gaza and may still launch a ground assault on the region. Silver prices also garnered support from today\u2019s stronger-than-expected U.S. Sep new home sales report, which was positive for industrial metals demand. More Stock Market News from Barchart Ignore Wall Street and Buy Chevron Stock on Guyana Growth Prospects Markets Today: Stocks Under Pressure as Alphabet Earnings Disappoint Chart of the Day: Walmart - Still a Bargain GS Option Trade Targets A Profit Zone Between 285 and 305 On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Nasdaq 100 Movers: CSGP, MSFT In early trading on Wednesday, shares of Microsoft topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.2%. Year to date, Microsoft registers a 43.7% gain. And the worst performing Nasdaq 100 component thus far on the day is CoStar Group, trading down 8.6%. CoStar Group is lower by about 12.3% looking at the year to date performance. Two other components making moves today are Alphabet, trading down 8.3%, and PACCAR, trading up 1.0% on the day. VIDEO: Nasdaq 100 Movers: CSGP, MSFT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-10-26,70.91,72.47,70.455,70.86,"[""Citigroup Maintains Costar Group (CSGP) Buy Recommendation Fintel reports that on October 26, 2023, Citigroup maintained coverage of Costar Group (NASDAQ:CSGP) with a Buy recommendation. Analyst Price Forecast Suggests 41.08% Upside As of October 5, 2023, the average one-year price target for Costar Group is 100.04. The forecasts range from a low of 80.80 to a high of $119.70. The average price target represents an increase of 41.08% from its latest reported closing price of 70.91. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 6.85%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1490 funds or institutions reporting positions in Costar Group. This is a decrease of 29 owner(s) or 1.91% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.52%, an increase of 15.35%. Total shares owned by institutions decreased in the last three months by 0.02% to 500,737K shares. The put/call ratio of CSGP is 2.12, indicating a bearish outlook. What are Other Shareholders Doing? Bamco holds 19,105K shares representing 4.68% ownership of the company. In it's prior filing, the firm reported owning 18,970K shares, representing an increase of 0.71%. The firm increased its portfolio allocation in CSGP by 20.09% over the last quarter. Principal Financial Group holds 19,047K shares representing 4.66% ownership of the company. In it's prior filing, the firm reported owning 19,277K shares, representing a decrease of 1.21%. The firm increased its portfolio allocation in CSGP by 22.10% over the last quarter. VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 17,140K shares representing 4.20% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,761K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 12,584K shares, representing an increase of 1.39%. The firm increased its portfolio allocation in CSGP by 20.94% over the last quarter. Baillie Gifford holds 11,934K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 12,341K shares, representing a decrease of 3.41%. The firm increased its portfolio allocation in CSGP by 215.57% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""BMO Capital Maintains Costar Group (CSGP) Market Perform Recommendation Fintel reports that on October 26, 2023, BMO Capital maintained coverage of Costar Group (NASDAQ:CSGP) with a Market Perform recommendation. Analyst Price Forecast Suggests 41.08% Upside As of October 5, 2023, the average one-year price target for Costar Group is 100.04. The forecasts range from a low of 80.80 to a high of $119.70. The average price target represents an increase of 41.08% from its latest reported closing price of 70.91. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Costar Group is 2,552MM, an increase of 6.85%. The projected annual non-GAAP EPS is 1.51. What is the Fund Sentiment? There are 1490 funds or institutions reporting positions in Costar Group. This is a decrease of 29 owner(s) or 1.91% in the last quarter. Average portfolio weight of all funds dedicated to CSGP is 0.52%, an increase of 15.35%. Total shares owned by institutions decreased in the last three months by 0.02% to 500,737K shares. The put/call ratio of CSGP is 2.12, indicating a bearish outlook. What are Other Shareholders Doing? Bamco holds 19,105K shares representing 4.68% ownership of the company. In it's prior filing, the firm reported owning 18,970K shares, representing an increase of 0.71%. The firm increased its portfolio allocation in CSGP by 20.09% over the last quarter. Principal Financial Group holds 19,047K shares representing 4.66% ownership of the company. In it's prior filing, the firm reported owning 19,277K shares, representing a decrease of 1.21%. The firm increased its portfolio allocation in CSGP by 22.10% over the last quarter. VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 17,140K shares representing 4.20% ownership of the company. VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,761K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 12,584K shares, representing an increase of 1.39%. The firm increased its portfolio allocation in CSGP by 20.94% over the last quarter. Baillie Gifford holds 11,934K shares representing 2.92% ownership of the company. In it's prior filing, the firm reported owning 12,341K shares, representing a decrease of 3.41%. The firm increased its portfolio allocation in CSGP by 215.57% over the last quarter. Costar Group Background Information (This description is provided by the company.) CoStar Group, Inc. is the leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK's most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. CoStar Group's websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,600 worldwide, including the industry's largest professional research organization. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. Click to Learn More This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-10-27,70.56,71.17,69.68,70.58,
CSGP,2023-10-30,71.28,71.32,69.43,70.79,"Benjamin Graham Detailed Fundamental Analysis - CSGP Below is Validea's guru fundamental report for COSTAR GROUP INC (CSGP). Of the 22 guru strategies we follow, CSGP rates highest using our Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth. COSTAR GROUP INC (CSGP) is a large-cap growth stock in the Business Services industry. The rating using this strategy is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. SECTOR: PASS SALES: PASS CURRENT RATIO: PASS LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS LONG-TERM EPS GROWTH: PASS P/E RATIO: FAIL PRICE/BOOK RATIO: FAIL Detailed Analysis of COSTAR GROUP INC CSGP Guru Analysis CSGP Fundamental Analysis More Information on Benjamin Graham Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the ""Father of Value Investing"" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-10-31,71.1,74.16,71.005,73.41,
CSGP,2023-11-01,73.38,73.81,72.295,73.67,
CSGP,2023-11-02,74.34,75.09,73.84,74.02,
CSGP,2023-11-03,75.42,77.78,75.42,77.38,
CSGP,2023-11-06,77.21,77.37,76.13,77.03,
CSGP,2023-11-07,77.3,78.275,76.93,77.94,
CSGP,2023-11-08,78.4,78.4,76.99,77.24,
CSGP,2023-11-09,77.17,78.22,76.71,77.61,
CSGP,2023-11-10,78.0,79.82,77.14,79.65,
CSGP,2023-11-13,79.23,79.5545,77.975,78.53,
CSGP,2023-11-14,80.71,82.86,80.435,82.74,
CSGP,2023-11-15,83.05,83.937,82.17,82.26,
CSGP,2023-11-16,82.7,83.65,81.585,82.24,
CSGP,2023-11-17,83.0,83.0,81.95,82.73,
CSGP,2023-11-20,82.77,83.18,82.08,83.0,
CSGP,2023-11-21,82.93,83.88,82.63,83.29,
CSGP,2023-11-22,84.03,84.54,83.7,83.85,
CSGP,2023-11-24,83.77,84.8,83.31,84.78,
CSGP,2023-11-27,84.39,84.755,83.84,84.27,
CSGP,2023-11-28,84.14,84.22,83.43,83.6,
CSGP,2023-11-29,83.98,84.61,83.6,83.94,"CSGP Factor-Based Stock Analysis - Benjamin Graham Below is Validea's guru fundamental report for COSTAR GROUP INC (CSGP). Of the 22 guru strategies we follow, CSGP rates highest using our Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth. COSTAR GROUP INC (CSGP) is a large-cap growth stock in the Business Services industry. The rating using this strategy is 71% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. SECTOR: PASS SALES: PASS CURRENT RATIO: PASS LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS LONG-TERM EPS GROWTH: PASS P/E RATIO: FAIL PRICE/BOOK RATIO: FAIL Detailed Analysis of COSTAR GROUP INC CSGP Guru Analysis CSGP Fundamental Analysis More Information on Benjamin Graham Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the ""Father of Value Investing"" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."
CSGP,2023-11-30,83.95,84.21,82.47,83.04,
CSGP,2023-12-01,82.76,85.52,82.76,85.28,
CSGP,2023-12-04,84.93,85.72,83.65,85.23,
CSGP,2023-12-05,84.81,85.03,83.22,84.15,
CSGP,2023-12-06,84.89,85.1,83.69,83.79,
CSGP,2023-12-07,84.3,84.58,81.97,82.58,"[""Interesting CSGP Put And Call Options For July 2024 Investors in CoStar Group, Inc. (Symbol: CSGP) saw new options become available this week, for the July 2024 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 225 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the CSGP options chain for the new July 2024 contracts and identified one put and one call contract of particular interest. The put contract at the $80.00 strike price has a current bid of $4.80. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $80.00, but will also collect the premium, putting the cost basis of the shares at $75.20 (before broker commissions). To an investor already interested in purchasing shares of CSGP, that could represent an attractive alternative to paying $83.20/share today. Because the $80.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 66%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.00% return on the cash commitment, or 9.74% annualized \u2014 at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for CoStar Group, Inc., and highlighting in green where the $80.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $90.00 strike price has a current bid of $5.40. If an investor was to purchase shares of CSGP stock at the current price level of $83.20/share, and then sell-to-open that call contract as a \""covered call,\"" they are committing to sell the stock at $90.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.66% if the stock gets called away at the July 2024 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if CSGP shares really soar, which is why looking at the trailing twelve month trading history for CoStar Group, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing CSGP's trailing twelve month trading history, with the $90.00 strike highlighted in red: Considering the fact that the $90.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 53%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.49% boost of extra return to the investor, or 10.53% annualized, which we refer to as the YieldBoost. The implied volatility in the put contract example is 31%, while the implied volatility in the call contract example is 28%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $83.20) to be 28%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the Nasdaq 100 \u00bb Also see: \u0095 NSEH Insider Buying \u0095 MOG.B shares outstanding history \u0095 Top Ten Hedge Funds Holding IYTP The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""Amdocs (DOX) Up 7.8% Since Last Earnings Report: Can It Continue? It has been about a month since the last earnings report for Amdocs (DOX). Shares have added about 7.8% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Amdocs due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Amdocs Q4 Earnings and Revenues Meet Estimates, Rise Y/Y Amdocs reported fourth-quarter fiscal 2023 results, wherein both earnings and revenues matched the Zacks Consensus Estimates. Moreover, both the top and bottom lines marked a year-over-year improvement as well. The company reported fourth-quarter non-GAAP earnings of $1.42 per share, which matched the consensus mark and came above the midpoint of management\u2019s guidance of $1.38-$1.44. Quarterly earnings also increased 10.1% from the year-ago quarter\u2019s earnings of $1.29 per share. Amdocs reported record revenues of $1.24 billion, which also came in line with the consensus mark and were above the midpoint of management\u2019s guidance range of $1.22-$1.26 billion. Compared with the year-ago quarter, revenues were up 6.5% on a reported basis and 6.3% on a constant-currency basis. Quarterly Details Amdocs\u2019 top-line performance was primarily driven by continued strength in North America and healthy activity levels among top consumers in Europe. North America reported record revenues of $834.4 million (67.2% of the total revenues), highlighting a 5% year-over-year increase. Europe revenues (14.1% of the total revenues) of $175.5 million increased 20% year over year. Rest of the World revenues (18.7% of the total revenues) climbed 3% year over year to $232.6 million. Our model estimates for North America and Europe were pegged at $842.8 million and $173.6 million, suggesting growth of 6.1% and 18.6%, respectively, while the Rest of the World was pegged at $224.6 million, suggesting a decline of 0.5%. Managed services revenues grew 0.5% year over year to $718 million. The company ended the fourth quarter of fiscal 2023 with a 12-month backlog of $4.15 billion, up $10 million sequentially and $180 million year over year. Our model estimates for managed services revenues and backlog were pegged at $736 million and $4.21 billion, respectively. The non-GAAP operating income increased 7.7% year over year to $221 million, while the operating margin expanded 20 basis points to 17.8%. The year-over-year improvement in the non-GAAP operating margin was mainly driven by the company\u2019s continuous focus on improving operational excellence. Balance Sheet and Cash Flow Amdocs had cash and short-term investments of $742.5 million as of Sep 30, 2023 compared with $749.5 million as of Jun 30, 2023. In the third quarter of fiscal 2023, net cash provided by operating activities was $272.3 million, up from $172.6 million in the previous quarter and $217 million in the year-ago period. Free cash flow was $245.8 million compared with the previous quarter\u2019s $144.2 million and the year-earlier quarter\u2019s $135.1 million. In fiscal 2023, the company generated operating cash flow and free cash flow of $822.6 million and $698.3 million, respectively. The company repurchased shares worth $155 million in the fourth quarter and $490 million in the fiscal 2023. Amdocs paid out $52 million in dividends during the fourth quarter and $199.5 million in full fiscal 2023. The company\u2019s board has approved a 10% increase in quarterly cash dividend to 47.9 cents per share from 43.5 cents. The increased quarterly cash dividend will be first paid in April 2024 following the shareholder approval in the February 2024 annual general meeting. Meanwhile, management has declared a quarterly cash dividend of 43.5 cents per share to be payable on Jan 26, 2024, to shareholders of record as of Dec 29, 2023. FY24 Guidance For fiscal 2024, the company anticipates revenue growth of 1-5% on a reported basis. On a constant-currency basis, revenues are projected to increase in the band of 1.2-5.2% year over year. The fiscal 2024 outlook reflects an expected unfavorable foreign currency impact of approximately 0.9% on a year-over-year basis. Adjusted earnings are estimated to grow in the band of 8-12%. For the first quarter of fiscal 2024, the company projects revenues between $1.225 billion and $1.265 billion and adjusted earnings in the range of $1.53-$1.59 per share. How Have Estimates Been Moving Since Then? Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions. VGM Scores Currently, Amdocs has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Outlook Amdocs has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. Performance of an Industry Player Amdocs belongs to the Zacks Computers - IT Services industry. Another stock from the same industry, CoStar Group (CSGP), has gained 8.5% over the past month. More than a month has passed since the company reported results for the quarter ended September 2023. CoStar reported revenues of $624.67 million in the last reported quarter, representing a year-over-year change of +12.2%. EPS of $0.30 for the same period compares with $0.30 a year ago. CoStar is expected to post earnings of $0.32 per share for the current quarter, representing a year-over-year change of -15.8%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #4 (Sell) for CoStar. Also, the stock has a VGM Score of F. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services likeSurprise Trader, Stocks Under $10, Technology Innovators,and more. They've already closed 162 positions with double- and triple-digit gains in 2023 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amdocs Limited (DOX) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-12-08,81.89,82.7949,81.725,82.39,
CSGP,2023-12-11,83.04,84.695,82.74,84.01,
CSGP,2023-12-12,84.46,84.93,83.29,84.88,
CSGP,2023-12-13,85.21,86.63,82.84,86.07,"[""Wednesday Sector Laggards: Technology & Communications, Industrial The worst performing sector as of midday Wednesday is the Technology & Communications sector, showing a 0.3% loss. Within the sector, Etsy Inc (Symbol: ETSY) and SolarEdge Technologies Inc (Symbol: SEDG) are two large stocks that are lagging, showing a loss of 5.9% and 3.5%, respectively. Among technology ETFs, one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.1% on the day, and up 54.79% year-to-date. Etsy Inc, meanwhile, is down 28.88% year-to-date, and SolarEdge Technologies Inc, is down 74.25% year-to-date. SEDG makes up approximately 0.0% of the underlying holdings of XLK. The next worst performing sector is the Industrial sector, showing a 0.2% loss. Among large Industrial stocks, Southwest Airlines Co (Symbol: LUV) and CoStar Group, Inc. (Symbol: CSGP) are the most notable, showing a loss of 6.3% and 2.3%, respectively. One ETF closely tracking Industrial stocks is the Industrial Select Sector SPDR ETF (XLI), which is down 0.3% in midday trading, and up 13.18% on a year-to-date basis. Southwest Airlines Co, meanwhile, is down 10.66% year-to-date, and CoStar Group, Inc. is up 6.77% year-to-date. LUV makes up approximately 0.5% of the underlying holdings of XLI. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, four sectors are up on the day, while four sectors are down. SECTOR % CHANGE Utilities +1.2% Healthcare +0.8% Financial +0.2% Materials +0.2% Energy -0.0% Consumer Products -0.1% Services -0.1% Industrial -0.2% Technology & Communications -0.3% 25 Dividend Giants Widely Held By ETFs \u00bb Also see: \u0095 QPACU Historical Stock Prices \u0095 Institutional Holders of GSX \u0095 SN Price Target The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CSGP Factor-Based Stock Analysis - Benjamin Graham Below is Validea's guru fundamental report for COSTAR GROUP INC (CSGP). Of the 22 guru strategies we follow, CSGP rates highest using our Value Investor model based on the published strategy of Benjamin Graham. This deep value methodology screens for stocks that have low P/B and P/E ratios, along with low debt and solid long-term earnings growth. COSTAR GROUP INC (CSGP) is a large-cap growth stock in the Business Services industry. The rating using this strategy is 71% based on the firm\u2019s underlying fundamentals and the stock\u2019s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. SECTOR: PASS SALES: PASS CURRENT RATIO: PASS LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: PASS LONG-TERM EPS GROWTH: PASS P/E RATIO: FAIL PRICE/BOOK RATIO: FAIL Detailed Analysis of COSTAR GROUP INC CSGP Guru Analysis CSGP Fundamental Analysis More Information on Benjamin Graham Benjamin Graham Portfolio Top Benjamin Graham Stocks About Benjamin Graham: The late Benjamin Graham may be the oldest of the gurus we follow, but his impact on the investing world has lasted for decades after his death in 1976. Known as both the \""Father of Value Investing\"" and the founder of the entire field of security analysis, Graham mentored several of history's greatest investors -- including Warren Buffett -- and inspired a slew of others, including John Templeton, Mario Gabelli, and another of Validea's gurus, John Neff. Graham built his fortune and reputation after living through some extremely difficult times, including both the Great Depression and his own family's financial woes following his father's death when Benjamin was a young man. His investment firm posted per annum returns of about 20 percent from 1936 to 1956, far outpacing the 12.2 percent average return for the market during that time. Additional Research Links Top Large-Cap Growth Stocks Factor-Based Stock Portfolios Dividend Aristocrats 2023 High Insider Ownership Stocks Top S&P 500 Stocks Excess Returns Investing Podcast About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc."", ""CoStar (CSGP) Completes OnTheMarket Deal, Expands in the U.K. CoStar Group CSGP completed the previously announced acquisition of OnTheMarket plc, one of the U.K.\u2019s three most visited residential property portals. The acquisition expands CoStar\u2019s footprint in the United Kingdom. OnTheMarket has more than 13,000 agent advertisers and attracts high-intent leads at a fraction of the cost of other U.K. portals. CoStar benefits from an expanding global addressable market for real estate information and marketplaces, which is estimated to be greater than $100 billion. The company is expanding its international footprint. It already has operations in 15 countries globally, including the United Kingdom, Spain, Germany and France. CoStar is also gaining market share in North America. It estimates the total North American addressable market to be roughly $40 billion. Market share for CoStar, Apartments.com, LoopNet, Homes.com and TenX is estimated to be $4 billion, $9 billion, $5 billion, greater than $15 billion and $6 billion, respectively. CoStar Group, Inc. Price and Consensus CoStar Group, Inc. price-consensus-chart | CoStar Group, Inc. Quote CoStar\u2019s Prospects Ride on Increasing Traffic CoStar shares have returned 5.2% in the past three months, outperforming the Zacks Computer & Technology sector\u2019s growth of 5%. CoStar is benefiting from increasing traffic at its sites, including Apartments.com (45 million average monthly unique), LoopNet (14 million unique visitors worldwide), Homes.com (more than 100 million monthly unique visitors) and a strong subscriber base at CoStar (more than 180K). Thanks to Apartments.com\u2019s growing traffic, the company expects Multifamily's year-over-year revenue growth rate to accelerate for 2023. Moreover, Apartments.com is currently the largest business by revenue and is on track to reach a billion dollars in revenue run rate in the first quarter of 2024. Guidance Positive CoStar expects 2023 revenues between $2.445 billion and $2.450 billion, indicating year-over-year growth of approximately 12% at the midpoint. The Zacks Consensus Estimate for revenues is pegged at $2.45 billion, indicating 12.29% growth from 2022. Commercial information and marketplace business is expected to deliver revenue growth of 14% for 2023. Moreover, fourth-quarter 2023 revenues are expected to be between $630 million and $635 million, indicating growth of approximately 10% at the mid-point. The consensus mark for revenues is pegged at $633.06 million, suggesting 10.41% year-over-year growth. Commercial information and marketplace business is expected to deliver 12% year-over-year revenue growth in the fourth quarter of 2023. Earnings are expected between $1.21 and $1.22 per share for 2023. Moreover, earnings are projected to be between 31 cents and 32 cents per share for the fourth quarter. The Zacks Consensus Estimate for 2023 earnings is pegged at $1.21 per share, unchanged over the past 30 days. The consensus mark for fourth-quarter 2023 is pegged at 32 cents per share, unchanged over the same timeframe. Zacks Rank & Stocks to Consider CoStar currently has a Zacks Rank #4 (Sell). Intel INTC, Badger Meter BMI and Ceridian HCM CDAY are some better-ranked stocks in the broader sector, each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today\u2019s Zacks #1 Rank stocks here. Intel shares have gained 14% in the past three months. The long-term earnings growth rate is pegged at 14.18%. Badger Meter shares have declined 4.8% in the past three months. The long-term earnings growth rate is pegged at 20.39%. Ceridian shares have lost 9.3% over the same timeframe. The long-term earnings growth rate is pegged at 44.15%. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It\u2019s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is \u201cWill you get into the right stocks early when their growth potential is greatest?\u201d Zacks has released a Special Report to help you do just that, and today it\u2019s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Badger Meter, Inc. (BMI) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Ceridian HCM (CDAY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.""]"
CSGP,2023-12-14,87.15,89.07,86.73,88.25,
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CSGP,2024-01-08,82.3,82.97,81.27,82.9,
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CSGP,2024-01-12,83.03,83.6195,82.43,83.4,
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CSGP,2024-01-29,84.72,86.3,84.66,86.29,
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CSGP,2024-01-31,85.21,85.77,83.34,83.48,
CSGP,2024-02-01,83.88,85.06,82.89,84.6,
CSGP,2024-02-02,83.72,84.44,82.64,83.94,
CSGP,2024-02-05,83.25,83.25,80.175,81.76,
CSGP,2024-02-06,81.87,83.92,81.82,83.88,
CSGP,2024-02-07,84.58,85.73,83.92,85.13,
CSGP,2024-02-08,84.84,85.308,81.28,81.77,
CSGP,2024-02-09,82.08,83.46,80.51,83.13,
CSGP,2024-02-12,83.13,84.28,82.83,82.88,
CSGP,2024-02-13,81.59,81.73,80.02,81.64,
CSGP,2024-02-14,82.0,82.68,81.34,82.32,
CSGP,2024-02-15,82.84,83.76,82.57,82.96,
CSGP,2024-02-16,82.29,82.47,81.32,81.4,
CSGP,2024-02-20,81.06,81.31,79.82,81.24,
CSGP,2024-02-21,82.73,84.07,81.29,83.98,
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CSGP,2024-02-23,82.82,85.38,82.75,84.79,
CSGP,2024-02-26,84.48,85.39,83.49,83.98,
CSGP,2024-02-27,84.01,86.03,83.89,84.89,
CSGP,2024-02-28,84.24,86.55,84.24,86.35,
CSGP,2024-02-29,86.1,87.49,85.86,87.03,
CSGP,2024-03-01,87.03,88.47,86.085,88.27,
CSGP,2024-03-04,88.37,89.37,86.97,88.59,
CSGP,2024-03-05,88.75,88.75,86.615,87.35,
CSGP,2024-03-06,87.21,87.93,86.65,87.68,
CSGP,2024-03-07,88.34,88.61,84.93,85.35,
CSGP,2024-03-08,85.78,86.92,85.42,86.11,
CSGP,2024-03-11,86.34,87.06,85.85,86.81,
CSGP,2024-03-12,86.52,87.43,86.035,87.13,
CSGP,2024-03-13,87.58,88.79,87.16,87.81,
CSGP,2024-03-14,88.55,88.57,86.535,87.87,
CSGP,2024-03-15,87.52,95.83,87.52,95.18,
CSGP,2024-03-18,96.33,100.38,95.8,96.15,
CSGP,2024-03-19,96.36,97.2,93.95,94.1,
CSGP,2024-03-20,95.03,96.88,94.0901,96.31,
CSGP,2024-03-21,97.26,97.91,95.72,97.73,
CSGP,2024-03-22,97.73,97.73,95.565,95.72,
CSGP,2024-03-25,96.22,96.46,94.49,95.82,
CSGP,2024-03-26,96.34,96.66,94.75,95.18,
CSGP,2024-03-27,96.29,96.87,95.33,96.22,
CSGP,2024-03-28,96.7,97.64,96.13,96.6,
CSGP,2024-04-01,96.98,96.98,94.29,94.52,
CSGP,2024-04-02,94.43,94.43,92.72,93.17,
CSGP,2024-04-03,93.19,93.6975,92.28,93.37,
CSGP,2024-04-04,94.44,95.52,91.76,91.81,
CSGP,2024-04-05,91.9,95.49,91.69,94.75,
CSGP,2024-04-08,95.11,95.32,93.72,94.22,
CSGP,2024-04-09,94.99,95.71,94.23,95.69,
CSGP,2024-04-10,92.64,92.88,89.6,90.65,
CSGP,2024-04-11,91.14,93.59,90.47,92.79,
CSGP,2024-04-12,92.03,92.21,89.96,90.34,
CSGP,2024-04-15,91.58,91.69,86.76,87.53,
CSGP,2024-04-16,87.35,87.73,85.65,86.29,
CSGP,2024-04-17,86.43,87.05,85.4,85.46,
CSGP,2024-04-18,85.96,86.19,84.125,84.18,
CSGP,2024-04-19,85.0,85.28,84.07,84.23,
CSGP,2024-04-22,83.38,86.27,83.16,85.31,
CSGP,2024-04-23,85.53,86.04,84.4,84.62,
CSGP,2024-04-24,92.53,93.94,88.83,91.95,
CSGP,2024-04-25,91.955,92.42,88.79,90.34,
CSGP,2024-04-26,89.93,93.27,89.8,92.65,
CSGP,2024-04-29,92.65,93.29,91.965,92.5,
CSGP,2024-04-30,92.84,92.84,91.03,91.53,
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CSGP,2024-05-02,90.62,90.62,88.87,89.76,
CSGP,2024-05-03,91.05,91.93,90.64,91.23,
CSGP,2024-05-06,91.52,91.95,90.61,91.3,
CSGP,2024-05-07,91.54,92.74,91.16,92.46,
CSGP,2024-05-08,92.01,92.175,90.06,90.32,
CSGP,2024-05-09,90.66,91.78,89.89,91.34,
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CSGP,2024-05-13,90.36,90.93,88.49,88.58,
CSGP,2024-05-14,89.08,89.835,87.36,87.78,
CSGP,2024-05-15,88.38,89.33,87.78,88.48,
CSGP,2024-05-16,88.65,89.29,88.07,88.13,
CSGP,2024-05-17,88.13,88.13,87.16,87.5,
CSGP,2024-05-20,87.63,87.63,86.0,87.52,
CSGP,2024-05-21,87.47,87.86,86.75,86.85,
CSGP,2024-05-22,86.94,87.67,86.5,87.19,
CSGP,2024-05-23,87.27,87.27,85.375,85.69,
CSGP,2024-05-24,85.76,87.04,85.3,85.93,
CSGP,2024-05-28,85.5,85.78,82.7,83.26,
CSGP,2024-05-29,82.26,82.39,80.01,80.13,
CSGP,2024-05-30,80.0,80.45,78.06,79.05,
CSGP,2024-05-31,79.28,79.73,77.37,78.17,
CSGP,2024-06-03,78.49,78.59,76.49,78.05,
CSGP,2024-06-04,78.02,79.29,78.02,78.62,
CSGP,2024-06-05,78.42,78.87,77.96,78.06,
CSGP,2024-06-06,77.82,78.14,76.76,77.05,
CSGP,2024-06-07,76.3,76.8,75.45,76.21,
CSGP,2024-06-10,76.21,76.72,75.71,76.46,
CSGP,2024-06-11,76.09,76.91,75.05,76.71,
CSGP,2024-06-12,78.86,79.83,77.335,77.64,
CSGP,2024-06-13,76.75,77.34,75.12,75.14,
CSGP,2024-06-14,75.0,75.36,73.77,73.93,
CSGP,2024-06-17,73.29,73.95,72.22,73.2,
CSGP,2024-06-18,73.58,73.7,71.9,72.73,
CSGP,2024-06-20,72.755,73.55,72.51,73.07,
CSGP,2024-06-21,73.31,74.2,72.88,73.94,
CSGP,2024-06-24,74.25,74.97,73.23,74.36,
CSGP,2024-06-25,74.03,74.27,72.8,73.9,
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CSGP,2024-06-28,74.26,74.46,73.61,74.18,
CSGP,2024-07-01,73.93,74.38,73.215,73.88,
CSGP,2024-07-02,74.5,74.81,73.66,74.22,
CSGP,2024-07-03,74.15,74.445,73.51,73.83,
CSGP,2024-07-05,73.83,73.91,72.78,73.15,
CSGP,2024-07-08,73.17,73.92,72.5,72.63,
CSGP,2024-07-09,72.63,72.98,71.56,71.58,
CSGP,2024-07-10,71.99,71.99,70.86,71.84,
CSGP,2024-07-11,73.488,75.67,72.975,75.2,
CSGP,2024-07-12,75.49,76.68,74.67,75.79,
CSGP,2024-07-15,75.42,76.75,74.86,76.03,
CSGP,2024-07-16,76.09,76.97,75.54,76.96,
CSGP,2024-07-17,76.53,77.18,75.66,75.92,
CSGP,2024-07-18,75.62,76.67,74.85,75.27,
CSGP,2024-07-19,75.22,75.58,73.65,74.39,
CSGP,2024-07-22,74.13,75.6,73.85,75.51,
CSGP,2024-07-23,76.29,76.77,74.57,74.84,
CSGP,2024-07-24,75.36,81.63,73.03,76.33,
CSGP,2024-07-25,75.87,78.91,75.0,77.87,
CSGP,2024-07-26,78.63,79.34,77.775,78.52,
CSGP,2024-07-29,79.13,79.86,78.03,78.79,
CSGP,2024-07-30,79.16,79.36,77.74,78.47,
CSGP,2024-07-31,78.64,80.04,77.78,78.01,
CSGP,2024-08-01,78.11,78.35,76.11,77.155,
CSGP,2024-08-02,77.05,77.9,74.745,75.27,
CSGP,2024-08-05,77.33,77.33,72.56,72.73,
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CSGP,2024-08-12,73.82,73.82,71.69,72.03,
CSGP,2024-08-13,72.14,73.64,71.79,73.17,
CSGP,2024-08-14,73.1,74.0287,72.75,73.54,
CSGP,2024-08-15,73.98,74.77,73.46,74.55,
CSGP,2024-08-16,74.55,74.73,73.3825,74.04,
CSGP,2024-08-19,74.16,74.92,74.01,74.91,
CSGP,2024-08-20,75.23,75.47,74.38,74.84,
CSGP,2024-08-21,75.16,75.645,74.84,75.59,
CSGP,2024-08-22,75.61,76.18,75.02,75.58,
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CSGP,2024-08-26,77.45,78.59,77.45,77.89,
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CSGP,2024-08-28,77.25,77.2553,75.9,76.525,
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CSGP,2024-08-30,77.53,78.015,76.5,77.3,
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CSGP,2024-09-05,77.67,77.765,76.17,77.38,
CSGP,2024-09-06,77.77,79.17,77.105,77.48,
CSGP,2024-09-09,76.915,80.0,76.915,79.53,
CSGP,2024-09-10,79.77,79.85,77.58,79.2,
CSGP,2024-09-11,78.76,79.745,77.01,79.63,
CSGP,2024-09-12,79.01,79.76,76.94,77.99,
CSGP,2024-09-13,77.68,79.1899,77.68,78.87,
CSGP,2024-09-16,79.86,80.4476,77.84,77.9,
CSGP,2024-09-17,78.33,78.6378,75.66,75.73,
CSGP,2024-09-18,75.82,77.205,73.84,76.85,
CSGP,2024-09-19,78.88,80.275,78.6,79.29,
CSGP,2024-09-20,78.99,79.0,76.73,77.36,
CSGP,2024-09-23,77.8,78.27,76.99,77.37,
CSGP,2024-09-24,77.02,77.41,76.3,76.36,
CSGP,2024-09-25,76.35,76.35,73.59,73.7,
CSGP,2024-09-26,75.5,75.51,73.78,74.72,
CSGP,2024-09-27,75.46,76.23,74.87,75.01,
CSGP,2024-09-30,74.95,75.67,74.54,75.45,
CSGP,2024-10-01,75.36,75.44,73.76,74.67,
CSGP,2024-10-02,73.87,75.19,73.704,75.11,
CSGP,2024-10-03,74.44,74.92,73.89,73.9,
CSGP,2024-10-04,74.44,74.58,73.15,74.1,
CSGP,2024-10-07,74.0,74.21,72.755,73.32,
CSGP,2024-10-08,73.22,76.73,73.22,75.14,
CSGP,2024-10-09,75.11,76.17,74.96,75.7,
CSGP,2024-10-10,74.88,75.56,74.44,74.82,
CSGP,2024-10-11,74.9,76.91,74.89,76.27,
CSGP,2024-10-14,76.68,77.41,75.97,77.34,
CSGP,2024-10-15,77.41,78.83,77.37,78.22,
CSGP,2024-10-16,78.28,78.77,76.21,77.23,
CSGP,2024-10-17,77.3,78.52,76.84,78.33,
CSGP,2024-10-18,78.47,79.78,77.93,79.25,
CSGP,2024-10-21,78.49,79.27,77.0,77.36,
CSGP,2024-10-22,77.57,77.74,75.9888,76.87,
CSGP,2024-10-23,72.25,72.96,68.256,72.82,
CSGP,2024-10-24,72.67,74.84,71.63,73.91,
CSGP,2024-10-25,74.39,75.62,73.8601,74.48,
CSGP,2024-10-28,74.97,75.47,73.485,74.31,
CSGP,2024-10-29,75.22,75.605,73.2,73.23,
CSGP,2024-10-30,73.37,74.29,73.09,73.46,
CSGP,2024-10-31,73.42,74.18,72.79,72.79,
CSGP,2024-11-01,72.71,73.745,71.96,72.5,
CSGP,2024-11-04,72.69,74.41,72.68,73.83,
CSGP,2024-11-05,74.02,75.905,73.71,75.34,
CSGP,2024-11-06,76.89,76.99,74.35,74.86,
CSGP,2024-11-07,74.8,76.91,74.735,76.3,
CSGP,2024-11-08,76.7,77.64,76.49,77.39,
CSGP,2024-11-11,77.86,78.0,75.85,75.87,
CSGP,2024-11-12,75.695,76.155,75.11,75.42,
CSGP,2024-11-13,75.46,76.33,75.34,75.77,
CSGP,2024-11-14,75.46,76.36,74.85,75.04,
CSGP,2024-11-15,74.96,74.98,71.06,71.25,
CSGP,2024-11-18,71.425,73.465,70.77,73.35,
CSGP,2024-11-19,72.97,73.3,71.96,72.09,
CSGP,2024-11-20,71.52,76.4552,71.51,76.27,
CSGP,2024-11-21,76.82,77.2,74.9,77.0,
CSGP,2024-11-22,76.97,80.61,76.97,79.81,
CSGP,2024-11-25,80.52,81.75,79.8,80.28,
CSGP,2024-11-26,80.41,81.14,79.48,79.92,
CSGP,2024-11-27,80.53,82.23,80.17,81.97,
CSGP,2024-11-29,82.36,82.49,81.1,81.34,
CSGP,2024-12-02,80.7,81.23,79.9197,80.07,
CSGP,2024-12-03,79.0866,80.64,79.0866,80.15,
CSGP,2024-12-04,80.17,80.85,79.58,79.75,
CSGP,2024-12-05,79.38,79.485,74.36,77.03,
CSGP,2024-12-06,77.4,78.36,77.04,77.32,
CSGP,2024-12-09,77.36,79.11,77.06,78.65,
CSGP,2025-01-27,73.52,76.53,73.49,76.44,
CSGP,2025-01-28,75.87,77.54,75.715,76.12,
CSGP,2025-01-29,76.28,76.8,75.46,75.65,
CSGP,2025-01-30,76.81,77.53,75.91,76.52,
CSGP,2025-01-31,76.19,77.43,76.06,76.6,
CSGP,2025-02-03,76.52,77.9,76.08,76.8,
CSGP,2025-02-04,76.51,78.1,76.23,77.46,
CSGP,2025-02-05,76.62,77.96,75.64,77.72,
CSGP,2025-02-06,78.09,78.39,77.09,78.19,
CSGP,2025-02-07,78.39,78.39,77.17,77.25,
CSGP,2025-02-10,77.72,77.72,76.52,76.97,
CSGP,2025-02-11,76.21,77.0,75.29,76.0,
CSGP,2025-02-12,74.11,74.53,72.86,73.27,
CSGP,2025-02-13,73.43,74.02,72.515,73.56,
CSGP,2025-02-14,74.1,74.455,73.32,74.06,
CSGP,2025-02-18,74.355,75.62,73.9,75.46,
CSGP,2025-02-19,72.83,79.32,72.5,79.21,
CSGP,2025-02-20,79.21,79.45,77.91,78.33,
CSGP,2025-02-21,78.33,79.04,76.485,76.79,
CSGP,2025-02-24,77.44,77.85,76.34,77.48,
CSGP,2025-02-25,76.88,77.79,76.88,77.6,
CSGP,2025-02-26,77.23,78.6,76.83,76.92,
CSGP,2025-02-27,76.64,76.68,73.65,74.36,
CSGP,2025-02-28,75.505,76.34,74.14,76.26,
CSGP,2025-03-03,76.01,77.35,75.2,75.415,
CSGP,2025-03-04,75.155,76.0,74.08,75.6,
CSGP,2025-03-05,75.22,78.2,75.21,77.81,
CSGP,2025-03-06,77.06,78.53,76.77,76.86,
CSGP,2025-03-07,76.68,79.67,75.79,79.39,
CSGP,2025-03-10,79.63,83.01,79.19,79.93,
CSGP,2025-03-11,79.9,79.945,76.73,76.85,
CSGP,2025-03-12,76.92,77.22,75.85,76.86,
CSGP,2025-03-13,76.62,77.57,75.21,75.44,
CSGP,2025-03-14,76.43,78.92,75.78,78.73,
CSGP,2025-03-17,78.67,80.77,78.65,80.15,
CSGP,2025-03-18,79.39,80.475,78.3,78.36,
CSGP,2025-03-19,78.23,80.01,77.96,79.4,
CSGP,2025-03-20,78.69,79.845,78.34,79.02,
CSGP,2025-03-21,78.01,78.715,77.35,78.5,
CSGP,2025-03-24,79.39,80.68,79.04,80.14,
CSGP,2025-03-25,79.82,80.69,79.565,80.23,
CSGP,2025-03-26,80.44,81.16,79.975,80.37,
CSGP,2025-03-27,80.38,80.86,79.47,80.146,
CSGP,2025-03-28,80.13,80.14,78.571,79.31,
CSGP,2025-03-31,79.1,79.76,78.26,79.22,
CSGP,2025-04-01,78.79,80.26,78.335,79.18,
CSGP,2025-04-02,78.11,80.3,78.0,79.92,
CSGP,2025-04-03,76.36,76.36,76.11,76.36,
CSGP,2025-04-04,75.735,75.995,72.55,72.61,
CSGP,2025-04-07,76.37,77.95,72.495,75.75,
CSGP,2025-04-08,76.2,77.1,72.27,73.23,
CSGP,2025-04-09,72.24,79.2,71.21,78.73,
CSGP,2025-04-10,75.4,75.4,72.9,75.4,
CSGP,2025-04-11,75.27,77.74,74.67,77.39,
CSGP,2025-04-14,77.7,79.89,77.7,79.53,
CSGP,2025-04-15,79.67,81.07,79.67,80.51,
CSGP,2025-04-16,79.8,80.46,78.09,79.02,
CSGP,2025-04-17,79.75,80.26,79.01,79.7,
CSGP,2025-04-21,78.61,79.2,76.92,77.81,
CSGP,2025-04-22,78.21,81.2,78.21,80.87,
CSGP,2025-04-23,82.01,83.68,81.64,81.85,
CSGP,2025-04-24,81.83,83.6,81.36,83.22,
CSGP,2025-04-25,82.76,83.49,81.88,82.82,
CSGP,2025-04-28,82.92,83.475,81.1,81.74,
CSGP,2025-04-29,81.16,83.0,80.51,82.7,
CSGP,2025-04-30,81.5,81.5,73.99,74.17,
CSGP,2025-05-01,74.735,77.28,73.9441,76.58,
CSGP,2025-05-02,77.81,78.56,77.3,77.96,
CSGP,2025-05-05,77.31,78.53,76.95,77.1,
CSGP,2025-05-06,76.41,76.42,74.52,74.59,
CSGP,2025-05-07,74.6,75.67,74.02,75.34,
CSGP,2025-05-08,75.465,76.89,75.22,75.85,
CSGP,2025-05-09,75.93,76.07,74.165,74.57,"There May Be Reason For Hope In CoStar Group's (NASDAQ:CSGP) Disappointing Earnings Investors were disappointed with the weak earnings posted by CoStar Group, Inc. (NASDAQ:CSGP ). Despite the soft profit numbers, our analysis has optimistic about the overall quality of the income statement. We've discovered 1 warning sign about CoStar Group. View them for free. Importantly, our data indicates that CoStar Group's profit was reduced by US$15m, due to unusual items, over the last year. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And that's hardly a surprise given these line items are considered unusual. CoStar Group took a rather significant hit from unusual items in the year to March 2025. As a result, we can surmise that the unusual items made its statutory profit significantly weaker than it would otherwise be. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As we discussed above, we think the significant unusual expense will make CoStar Group's statutory profit lower than it would otherwise have been. Because of this, we think CoStar Group's underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem! Unfortunately, though, its earnings per share actually fell back over the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks involved. At Simply Wall St, we found 1 warning sign for CoStar Group and we think they deserve your attention. This note has only looked at a single factor that sheds light on the nature of CoStar Group's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned."
CSGP,2025-05-12,76.715,76.775,73.97,75.38,"Data & Business Process Services Stocks Q1 In Review: SS&C (NASDAQ:SSNC) Vs Peers Looking back on data & business process services stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including SS&C (NASDAQ:SSNC) and its peers. A combination of increasing reliance on data and analytics across various industries and the desire for cost efficiency through outsourcing could mean that companies in this space gain. As functions such as payroll, HR, and credit risk assessment rely on more digitization, key players in the data & business process services industry could be increased demand. On the other hand, the sector faces headwinds from growing regulatory scrutiny on data privacy and security, with laws like GDPR and evolving U.S. regulations potentially limiting data collection and monetization strategies. Additionally, rising cyber threats pose risks to firms handling sensitive personal and financial information, creating outsized headline risk when things go wrong in this area. The 10 data & business process services stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 0.7% while next quarter’s revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 2.2% on average since the latest earnings results. Founded in 1986 as a bridge between technology and financial services, SS&C Technologies (NASDAQ:SSNC) provides software and software-enabled services that help financial firms and healthcare organizations automate complex business processes. SS&C reported revenues of $1.51 billion, up 5.4% year on year. This print exceeded analysts’ expectations by 0.8%. Despite the top-line beat, it was still a mixed quarter for the company with a decent beat of analysts’ EPS estimates but full-year revenue guidance meeting analysts’ expectations. “SS&C reported adjusted revenues of $1,514.8 million and adjusted consolidated EBITDA of $591.9 million, both of which are first quarter record results,” says Bill Stone, Chairman and Chief Executive Officer. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $77.80. Read our full report on SS&C here, it’s free. Powering billions of critical customer interactions annually, CSG Systems (NASDAQ:CSGS) provides cloud-based software platforms that help companies manage customer interactions, process payments, and monetize their services. CSG reported revenues of $299.5 million, up 1.5% year on year, outperforming analysts’ expectations by 1.4%. The business had an exceptional quarter with full-year revenue guidance exceeding analysts’ expectations and a solid beat of analysts’ EPS estimates. CSG delivered the highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 7.8% since reporting. It currently trades at $66.07. Is now the time to buy CSG? Access our full analysis of the earnings results here, it’s free. Processing over $10 trillion in equity and fixed income trades daily and managing proxy voting for over 800 million equity positions, Broadridge Financial Solutions (NYSE:BR) provides technology-driven solutions that power investing, governance, and communications for banks, broker-dealers, asset managers, and public companies. Broadridge reported revenues of $1.81 billion, up 4.9% year on year, falling short of analysts’ expectations by 2.5%. It was a slower quarter, leaving some shareholders looking for more. Broadridge delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 2.1% since the results and currently trades at $237. Read our full analysis of Broadridge’s results here. With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. CoStar reported revenues of $732.2 million, up 11.5% year on year. This print met analysts’ expectations. Overall, it was a strong quarter as it also logged an impressive beat of analysts’ EPS estimates. CoStar had the weakest full-year guidance update among its peers. The stock is down 9.6% since reporting and currently trades at $74.65. Read our full, actionable report on CoStar here, it’s free. One of the three major credit bureaus in the United States alongside Equifax and Experian, TransUnion (NYSE:TRU) is a global information and insights company that provides credit reports, fraud prevention tools, and data analytics to help businesses make decisions and consumers manage their financial health. TransUnion reported revenues of $1.10 billion, up 7.3% year on year. This result beat analysts’ expectations by 2.3%. Taking a step back, it was a slower quarter as it logged a miss of analysts’ full-year EPS guidance estimates. TransUnion achieved the biggest analyst estimates beat among its peers. The stock is down 8.5% since reporting and currently trades at $70.71. Read our full, actionable report on TransUnion here, it’s free. In response to the Fed’s rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed’s 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump’s presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here."
CSGP,2025-05-13,75.38,76.09,74.9,75.18,"[""CoStar Group (CSGP) Rose on Increased Productivity Baron Funds, an investment management company, released its \u201cBaron Technology Fund\u201d first quarter 2025 investor letter. A copy of the letter can be downloaded here. Market trends are often driven by sentiment in addition to fundamental elements, and the first quarter of 2025 was a clear example of this. January saw a strong performance for the Fund, driven by investor excitement around long-term growth trends in AI. Optimism was fueled by expectations of the new Trump administration's policies to accelerate economic growth. However, by mid-February, fears of tariffs, a potential trade war, and geopolitical shifts reversed market gains, leading to significant volatility. In the first quarter, the fund fell 14.80% (Institutional Shares), underperforming an 11.64% decline for the MSCI ACWI Information Technology Index (the Benchmark) and a 4.27% decline for the S&P 500 index. In addition, please check the fund\u2019s top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Baron Technology Fund highlighted stocks such as CoStar Group, Inc. (NASDAQ:CSGP). CoStar Group, Inc. (NASDAQ:CSGP) is an information, analytics, and online marketplace services provider for commercial and residential property markets. The one-month return of CoStar Group, Inc. (NASDAQ:CSGP) was -6.37%, and its shares lost 14.13% of their value over the last 52 weeks. On May 12, 2025, CoStar Group, Inc. (NASDAQ:CSGP) stock closed at $75.38 per share with a market capitalization of $31.802 billion. Baron Technology Fund stated the following regarding CoStar Group, Inc. (NASDAQ:CSGP) in its Q1 2025 investor letter: An elegant residential building set against the modern skyline. CoStar Group, Inc. (NASDAQ:CSGP) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 56 hedge fund portfolios held CoStar Group, Inc. (NASDAQ:CSGP) at the end of the fourth quarter which was 43 in the previous quarter. In the first quarter of 2025, CoStar Group, Inc. (NASDAQ:CSGP) reported revenue of $732 million, reflecting a 12% increase from Q1 2024. While we acknowledge the potential of CoStar Group, Inc. (NASDAQ:CSGP) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered CoStar Group, Inc. (NASDAQ:CSGP) and shared Third Point Management\u2019s views on the company. Baron Focused Growth Fund considers CoStar Group, Inc. (NASDAQ:CSGP) as a Core Growth investment as its strategy aligns with the fund's investment approach. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey."", ""CSGP Q1 Earnings Call: Product Expansion, Cost Controls, and Guidance in Focus Real estate data provider CoStar Group (NASDAQ:CSGP) met Wall Street\u2019s revenue expectations in Q1 CY2025, with sales up 11.5% year on year to $732.2 million. The company expects next quarter\u2019s revenue to be around $772.5 million, close to analysts\u2019 estimates. Its non-GAAP profit of $0.16 per share was 46.8% above analysts\u2019 consensus estimates. Is now the time to buy CSGP? Find out in our full research report (it\u2019s free). Revenue: $732.2 million vs analyst estimates of $730 million (11.5% year-on-year growth, in line) Adjusted EPS: $0.16 vs analyst estimates of $0.11 (46.8% beat) Adjusted EBITDA: $65.6 million vs analyst estimates of $30.51 million (9% margin, significant beat) Revenue Guidance for the full year is $3.14 billion at the midpoint, roughly in line with what analysts were expecting EBITDA guidance for the full year is $370 million at the midpoint, below analyst estimates of $389.9 million Operating Margin: -5.8%, in line with the same quarter last year Free Cash Flow was -$26 million, down from $136 million in the same quarter last year Market Capitalization: $31.8 billion CoStar\u2019s first quarter results reflected ongoing investment across its digital real estate platforms, with CEO Andy Florance emphasizing the continued strength in commercial information services and accelerating sales momentum in key brands like Apartments.com, LoopNet, and the recently acquired Matterport. Management highlighted strong net new bookings and noted that operational cost controls contributed to profits above Wall Street\u2019s expectations, despite a challenging commercial real estate environment that has seen low transaction volumes and muted rent growth. Looking ahead, management attributed its full-year and next-quarter guidance to anticipated improvements in the real estate cycle and strategic expansion of sales capacity, especially at Homes.com. CFO Christian Lown reaffirmed that capital allocation would remain focused on scaling the sales force and integrating Matterport, while noting that cost-saving measures would continue to offset higher investments in growth initiatives. The company expects revenue growth to pick up in the second half of the year, driven in part by maturing sales teams and product integration. Management noted that revenue growth was supported by both product innovation and changes to go-to-market strategies, particularly in digital marketplaces. The following points summarize the most significant drivers and themes from the quarter: Apartments.com sales force expansion: CoStar added 56 new sales professionals in Q1 and plans further hiring, aiming to capitalize on a large addressable market in the multifamily segment and recent competitor exits. The absorption of experienced sales staff from Redfin\u2019s rent division was cited as a positive for pipeline growth and execution. LoopNet strategic pivot: A shift in sales strategy from focusing on selling high-value signature ads to broader subscription packages resulted in a surge in net new bookings. Management reported twice the productivity per sales representative compared to the prior year, reflecting improved alignment with customer needs. Matterport acquisition impact: The recently closed Matterport acquisition contributed to revenue and is expected to yield long-term benefits as the technology is embedded across CoStar\u2019s platforms. Management described opportunities to grow both R&D and sales, and to accelerate the adoption of Matterport\u2019s digital twin technology in real estate listings. Homes.com brand and sales ramp: The dedicated Homes.com sales force grew to 314 reps, with management pointing to improved Net Promoter Scores and a significant decline in early contract cancellations. The company\u2019s marketing campaign increased unaided brand awareness to 36%, while new pricing strategies and the launch of product options like Boost aim to further drive agent adoption. Cost optimization measures: Over $50 million in annualized savings were realized, primarily through reduced Homes.com investment and a company-wide headcount reduction. These efforts helped deliver profitability above consensus, despite ongoing investments in product and brand expansion. Management\u2019s outlook for the remainder of the year centers on continued investment in sales capacity, integration of recent acquisitions, and gradual improvement in real estate markets. The company expects these trends to support revenue growth and margin improvement in the back half of the year. Scaling sales across platforms: Expansion of dedicated sales teams\u2014especially for Homes.com and Apartments.com\u2014is expected to accelerate revenue growth as new hires mature and contribute to bookings. Integration of Matterport technology: Embedding Matterport\u2019s digital twin solutions across CoStar\u2019s ecosystem is seen as a lever for increasing customer engagement and reducing churn, with management citing opportunities for enhanced product differentiation. Real estate market recovery: Management believes that improving fundamentals in the commercial real estate sector, including falling vacancy rates and higher transaction volumes, will support higher pricing and increased product adoption, although ongoing market uncertainty remains a risk. Alexei Gogolev (JPMorgan): Asked about industry reactions to changes in listing rules and the competitive dynamics with Zillow; CEO Andy Florance described agent sentiment as overwhelmingly negative toward certain competitor moves, viewing it as an opportunity for CoStar. Peter Christiansen (Citi): Inquired about the integration and monetization plans for Matterport; Florance and CFO Christian Lown highlighted plans for deep product integration and expanded R&D, expecting usage to drive engagement and retention across platforms. George Tong (Goldman Sachs): Questioned the sustainability of cost reductions and capital allocation; Lown confirmed the $900 million investment plan remains unchanged, with cost management focused on reallocating spend to more productive growth initiatives. Ryan Tomasello (KBW): Sought clarity on the drivers behind revenue growth deceleration in multifamily for Q2 and confidence in acceleration later in the year; Lown pointed to seasonal factors and the ramping sales force, with optimism for the second half. Stephen Sheldon (William Blair): Asked if CoStar could become more aggressive with pricing for its core suite as market conditions improve; Florance indicated that stronger market conditions could lead to higher price adjustments and volume growth. In the coming quarters, the StockStory team will be watching (1) the ramp-up and productivity of new sales hires for Homes.com and Apartments.com and their impact on net new bookings, (2) the pace and effectiveness of Matterport\u2019s integration and the rollout of new digital twin features, and (3) early signs of a real estate market recovery reflected in transaction volumes and vacancy trends. Continued execution on cost management and successful product launches will also be important markers of progress. CoStar currently trades at a forward P/E ratio of 71\u00d7. Is the company at an inflection point that warrants a buy or sell? Find out in our free research report. Donald Trump\u2019s victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.""]"
CSGP,2025-05-14,75.17,76.33,74.88,75.69,"Homes.com Report: Home Price Increases Slowed for the Fourth Consecutive Month in April The median home price increased by just 1.3% in April over last year. The Northeast and some Midwest markets continued to lead the nation in price growth. ARLINGTON, Va., May 14, 2025--(BUSINESS WIRE)--Homes.com, a CoStar Group leading online residential marketplace, today released a new report analyzing home prices in April (based on the data collected to date), price trends across major metros, and what the latest developments in the housing market mean for homebuyers. According to the preliminary estimates, home prices continued to increase in April. Still, the rate of price increases slowed for the fourth consecutive month, with the median home price rising modestly by 1.3% in April. Year-over-year, prices rose 2.2% in March, 2.7% in February, and 3.9% in January. In dollar terms, the median home price went up $5,000 from April of last year to April of this year, going from $380,000 to $385,000. Prices have increased for 22 consecutive months, and the rate of increases peaked at 5.6% in the second half of 2024. ""Moderating price pressures is a welcome relief for potential homebuyers,"" said Erika Ludvigsen, National Director of Residential Analytics, CoStar/Homes.com. ""Meanwhile, the inventory of homes for sale has increased. Higher inventories combined with a slight moderation in price pressures bring good news for homebuyers, especially in several key metros in the Sun Belt region."" The highest price appreciation in the United States is concentrated in markets in the Northeast and parts of the Midwest. Meanwhile, within the 40 largest markets in the United States, the number of markets where prices were either flat or fell year-over-year has more than doubled from six markets in March to fifteen in April. The geography of the bottom group (markets where home prices fell or remained flat) has broadened from largely markets in Florida in March to markets in Texas, North Carolina, parts of California, fast-growing markets, Nashville and Phoenix, and even parts of Ohio. The data shared in this report could change slightly once all home sales are accounted for. Melina Duggal, Senior Director of Market Analytics at Homes.com, is available for interviews to provide insights into these data points and the residential real estate market in general. For more information and insights into the latest home buying and selling market trends, visit: Homes.com. About Homes.com Homes.com is the fastest-growing residential real estate marketplace and the second largest portal in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021. Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members are winning 58% more listings* because they offer the home sellers a real estate portal that works for them not against them. The Homes.com Network reached an audience of 110 million average monthly unique visitors in the fourth quarter ending December 31, 2024.** Consumer brand awareness skyrocketed from 4% to 33% in just one year since CoStar Group launched the industry’s largest marketing campaign to date in February 2024, reintroducing the platform to the market. For more information, visit Homes.com. *Based on internal analyses comparing Members to non-Members on Homes.com. ** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors for the quarter ended December 31, 2024, according to Google Analytics. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted over 130 million average monthly unique visitors in the first quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250514301145/en/ Contacts News Media ContactMatthew BlocherCoStar Group(202) 346-6775mblocher@costargroup.com"
CSGP,2025-05-15,75.815,76.28,75.12,76.0,"[""CoStar Group Founder and CEO Andy Florance Recognized on Commercial Observer\u2019s Power 100 List Florance honored among the most influential individuals in the commercial real estate industry ARLINGTON, Va., May 15, 2025--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics and 3D digital twin technology in the property markets, announced today that Andy Florance, Founder and Chief Executive Officer has been named to Commercial Observer\u2019s prestigious Power 100 list for the third consecutive year. Published annually, the Power 100 List recognizes the most influential people, businesses, and organizations shaping the future of commercial real estate. Mr. Florance\u2019s recognition on the list underscores the exceptional performance and growth CoStar Group continued to experience in 2024. The company reported $2.74 billion for the year, marking an 11% increase from the previous year's $2.46 billion. This momentum has continued with CoStar Group reporting $732 million in revenue for the first quarter of 2025, up 12% year-over-year and marking its 56th consecutive quarter of double-digit revenue growth. Under Mr. Florance\u2019s leadership, CoStar Group continues to demonstrate strong momentum across its industry-leading businesses, led by Homes.com, which has become the second largest and fastest-growing residential real estate marketplace in the country. Recent strategic acquisitions, including Visual Lease and 3D digital twin leader Matterport, have allowed CoStar Group to expand its global reach and technological edge. Apartments.com also delivered a standout quarter, generating $282 million in revenue, up 11% year-over-year, and adding 4,300 new properties, the highest in nearly a decade. \""It is an incredible honor to be recognized alongside some of the most impactful leaders in the commercial real estate sector,\"" said Andy Florance, Founder and Chief Executive Officer of CoStar Group. \""As a leading provider of commercial and residential real estate data and analytics, we remain committed to offering advanced, innovative platforms that empower the industry to achieve new levels of growth and success. This recognition wouldn\u2019t be possible without the dedication of our global workforce and I\u2019m excited to see what we will accomplish together this year.\"" About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world\u2019s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group\u2019s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group\u2019s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group\u2019s websites attracted over 130 million average monthly unique visitors in the first quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250515213846/en/ Contacts News Media: Matthew BlocherVice PresidentCoStar Group Corporate Marketing & Communications(202) 346-6775mblocher@costar.com"", ""CoStar Group\u2019s Homes.com and Matterport Recognized in the T3 Sixty 2025 Tech 200 Annual list highlights the best technology products for brokerages, teams and agents, reflective of CoStar Group\u2019s significant impact on the real estate industry ARLINGTON, Va., May 15, 2025--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics and 3D digital twin technology in the property markets, today announced that T3 Sixty recognized Homes.com, Matterport, and VHT Studios by Matterport among its annual 2025 Tech 200 list. The Tech 200 list recognizes the industry\u2019s best-in-class technology products for brokerages, teams and agents, with this year\u2019s list highlighting 200 products across 130 companies that underscore critical trends in real estate, like the surge of artificial intelligence and market consolidation. Homes.com is the second largest residential real estate marketplace in the country. Matterport, which CoStar Group acquired in February 2025, is the global leader in 3D digital twin technology. Together, Homes.com and Matterport allow CoStar Group to continue transforming and digitizing the real estate industry through market-leading technology, property data innovation and artificial intelligence capabilities, creating an unparalleled solution for agents, buyers, sellers and renters. Homes.com is the first major U.S. real estate portal to focus on helping homeowners and agents leverage the marketing power of the internet to bring more potential buyers to their listings. Within just one year of operation, the Homes.com Network achieved 104 million average monthly unique visitors and grew unaided consumer awareness to 36% in the first quarter of 2025, up from just 4% before the February 2024 launch. On average, Homes.com\u2019s Member agents are winning 61% more listings than comparable non-Member agents, a result of having a real estate portal that works for home sellers, not against them. CoStar Group acquired Matterport to further invest in artificial intelligence, computer vision, and machine learning to improve property analytics, optimize operational efficiency, and broaden the use of digital twin technologies throughout the real estate industry. Spanning 177 countries and virtually every real estate sector, Matterport's 3D technology powers immersive experiences, including 3D tours now featured across CoStar Group's prominent businesses: CoStar, LoopNet, Apartments.com, and Homes.com. \""Our leading businesses at CoStar Group, including Homes.com and Matterport, prioritize transparency, efficiency, technology and innovation,\"" said Andy Florance, Founder and Chief Executive Officer at CoStar Group. \""Through strategic investments in technology, research, artificial intelligence and analytics, we\u2019re delivering unparalleled products, insights and virtual experiences that empower both consumers and real estate professionals. We are at the forefront of technology-driven innovation across the real estate industry, a distinction we\u2019re proud to see reflected in our recognition on the Tech 200 List.\"" About CoStar Group, Inc. CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world\u2019s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group\u2019s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group\u2019s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group\u2019s websites attracted over 130 million average monthly unique visitors in the first quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250515799373/en/ Contacts News Media Contact Matthew BlocherCoStar Group(202) 346-6775mblocher@costargroup.com"", ""Data & Business Process Services Stocks Q1 In Review: ADP (NASDAQ:ADP) Vs Peers Quarterly earnings results are a good time to check in on a company\u2019s progress, especially compared to its peers in the same sector. Today we are looking at ADP (NASDAQ:ADP) and the best and worst performers in the data & business process services industry. A combination of increasing reliance on data and analytics across various industries and the desire for cost efficiency through outsourcing could mean that companies in this space gain. As functions such as payroll, HR, and credit risk assessment rely on more digitization, key players in the data & business process services industry could be increased demand. On the other hand, the sector faces headwinds from growing regulatory scrutiny on data privacy and security, with laws like GDPR and evolving U.S. regulations potentially limiting data collection and monetization strategies. Additionally, rising cyber threats pose risks to firms handling sensitive personal and financial information, creating outsized headline risk when things go wrong in this area. The 10 data & business process services stocks we track reported a mixed Q1. As a group, revenues beat analysts\u2019 consensus estimates by 0.7% while next quarter\u2019s revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 5.4% on average since the latest earnings results. Processing one out of every six paychecks in the United States, ADP (NASDAQ:ADP) provides cloud-based human capital management solutions that help businesses manage payroll, benefits, talent acquisition, and HR administration. ADP reported revenues of $5.55 billion, up 5.7% year on year. This print exceeded analysts\u2019 expectations by 0.8%. Overall, it was a satisfactory quarter for the company with a decent beat of analysts\u2019 EPS estimates. Interestingly, the stock is up 4.2% since reporting and currently trades at $308.10. Is now the time to buy ADP? Access our full analysis of the earnings results here, it\u2019s free. Powering billions of critical customer interactions annually, CSG Systems (NASDAQ:CSGS) provides cloud-based software platforms that help companies manage customer interactions, process payments, and monetize their services. CSG reported revenues of $299.5 million, up 1.5% year on year, outperforming analysts\u2019 expectations by 1.4%. The business had an exceptional quarter with full-year revenue guidance exceeding analysts\u2019 expectations and an impressive beat of analysts\u2019 EPS estimates. CSG scored the highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 6% since reporting. It currently trades at $65. Is now the time to buy CSG? Access our full analysis of the earnings results here, it\u2019s free. Processing over $10 trillion in equity and fixed income trades daily and managing proxy voting for over 800 million equity positions, Broadridge Financial Solutions (NYSE:BR) provides technology-driven solutions that power investing, governance, and communications for banks, broker-dealers, asset managers, and public companies. Broadridge reported revenues of $1.81 billion, up 4.9% year on year, falling short of analysts\u2019 expectations by 2.5%. It was a slower quarter, leaving some shareholders looking for more. Broadridge delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 1.9% since the results and currently trades at $237.49. Read our full analysis of Broadridge\u2019s results here. One of the three major credit bureaus in the United States alongside Equifax and Experian, TransUnion (NYSE:TRU) is a global information and insights company that provides credit reports, fraud prevention tools, and data analytics to help businesses make decisions and consumers manage their financial health. TransUnion reported revenues of $1.10 billion, up 7.3% year on year. This print beat analysts\u2019 expectations by 2.3%. Taking a step back, it was a slower quarter as it logged a miss of analysts\u2019 full-year EPS guidance estimates. TransUnion pulled off the biggest analyst estimates beat among its peers. The stock is up 17.3% since reporting and currently trades at $90.63. Read our full, actionable report on TransUnion here, it\u2019s free. With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. CoStar reported revenues of $732.2 million, up 11.5% year on year. This number met analysts\u2019 expectations. Overall, it was a strong quarter as it also recorded a solid beat of analysts\u2019 EPS estimates and revenue guidance for next quarter meeting analysts\u2019 expectations. CoStar had the weakest full-year guidance update among its peers. The stock is down 7.1% since reporting and currently trades at $76.74. Read our full, actionable report on CoStar here, it\u2019s free. The Fed\u2019s interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump\u2019s presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.""]"
CSGP,2025-05-16,76.62,77.25,75.85,76.99,"3 Cash-Burning Stocks Skating on Thin Ice Companies that burn cash at a rapid pace can run into serious trouble if they fail to secure funding. Without a clear path to profitability, these businesses risk dilution, mounting debt, or even bankruptcy. Just because a company is spending heavily doesn’t mean it’s on the right track, and StockStory is here to separate the winners from the losers. That said, here are three cash-burning companies to avoid and some better opportunities instead. Trailing 12-Month Free Cash Flow Margin: -8.9% Founded in 2007 by three Georgetown University alum, Sweetgreen (NYSE:SG) is a casual quick service chain known for its healthy salads and bowls. Why Are We Cautious About SG? Sweetgreen’s stock price of $15.29 implies a valuation ratio of 43.3x forward EV-to-EBITDA. To fully understand why you should be careful with SG, check out our full research report (it’s free). Trailing 12-Month Free Cash Flow Margin: -10.4% With a profile that was raised due to meme stock mania beginning in 2021, AMC Entertainment (NYSE:AMC) operates movie theaters primarily in the US and Europe. Why Are We Wary of AMC? AMC Entertainment is trading at $2.82 per share, or 2x forward EV-to-EBITDA. Check out our free in-depth research report to learn more about why AMC doesn’t pass our bar. Trailing 12-Month Free Cash Flow Margin: -1.1% With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. Why Are We Hesitant About CSGP? At $76 per share, CoStar trades at 71.6x forward P/E. Read our free research report to see why you should think twice about including CSGP in your portfolio, it’s free. Donald Trump’s victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free."
CSGP,2025-05-19,75.96,77.2,75.77,76.91,
CSGP,2025-05-20,76.22,77.12,76.06,76.37,"CoStar (CSGP) Finalizes $1.6B Matterport Acquisition to Expand AI-Powered Real Estate Platform CoStar (CSGP, Financials) has wrapped its $1.6 billion acquisition of 3D modeling firm Matterport, a move both companies say accelerates efforts to digitize real estate with AI-powered tools. Warning! GuruFocus has detected 4 Warning Sign with CSGP. Revenue at Matterport reached nearly $170 million in fiscal year 2024, up 8% from a year earlier. Subscription revenue rose 14% to $99.5 million. The company, however, recorded a net loss of $256 millionnearly 30% more than 2023. Meanwhile, CoStar generated $2.7 billion in 2024 revenue, an 11% increase year over year. The two firms have a long historyCoStar has been a client since Matterport's beta daysand executives said the deal was driven by strategic alignment rather than financial necessity. Matterport CEO RJ Pittman said the companies shared a goal of building a comprehensive, digital-first real estate experience. Pittman described the deal as a ""force multiplier"" and noted the acquisition gives Matterport access to a significantly larger base of properties across CoStar's global platform. Rather than restructuring Matterport's roadmap, CoStar plans to double down on its current AI and visualization tech. Pittman emphasized that the acquisition process included employee input and noted CoStar has been accommodating of Matterport's remote-first culture. Office integrations are underway. Matterport plans to leave its Sunnyvale HQ and open a new R&D hub in Palo Alto. Its teams in San Francisco and London will also move into CoStar offices later this year. The executive said Matterport remains a standalone business unit but is now part of a broader ecosystem spanning CoStar's commercial, residential, and marketplace brands. This article first appeared on GuruFocus."
CSGP,2025-05-21,75.58,76.37,73.96,73.96,"Jim Cramer on CoStar Group (CSGP): “Not for Me” We recently published a list of Jim Cramer Put These 12 Stocks Under the Spotlight. In this article, we are going to take a look at where CoStar Group, Inc. (NASDAQ:CSGP) stands against other stocks that Jim Cramer discussed. On Friday’s episode of Mad Money, Jim Cramer reflected on a significant shift in market sentiment over the past week as he described how the mood turned from cautious to confident. READ ALSO 15 Stocks on Jim Cramer’s Radar and Jim Cramer Recently Commented On These 12 Stocks Cramer pointed out that this kind of collective pivot in sentiment can be just as impactful as a rate cut. He emphasized that in his long career observing markets, moments like these often mark good entry points for investors. He believes that we are currently in one of those moments. Looking back on what he called a “very bullish” week, Cramer said it will likely be remembered as the period when Wall Street strategists began to back away from recession warnings. He said that the retreat from doomsday predictions helped fuel a strong rally, especially among industrial stocks. For this article, we compiled a list of 12 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on May 16. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An elegant residential building set against the modern skyline. Number of Hedge Fund Holders: 56 A caller asked for Cramer’s thoughts on CoStar Group, Inc. (NASDAQ:CSGP), and this is what he had to say in response: CoStar Group (NASDAQ:CSGP) offers data, analytics, and online platforms that support real estate research, marketing, and transactions. The company’s tools and marketplaces serve a wide range of users involved in buying, selling, leasing, and managing property and businesses. Baron Technology Fund stated the following regarding CoStar Group, Inc. (NASDAQ:CSGP) in its Q1 2025 investor letter: Overall, CSGP ranks 6th on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of CSGP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CSGP and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey."
CSGP,2025-05-22,73.95,74.7,73.29,74.14,
CSGP,2025-05-23,73.445,74.08,73.25,73.99,
CSGP,2025-05-27,75.11,75.245,74.24,74.61,
CSGP,2025-05-28,74.66,75.0,74.15,74.24,
CSGP,2025-05-29,74.49,74.81,73.46,74.07,"Why Is CoStar (CSGP) Up 0.1% Since Last Earnings Report? It has been about a month since the last earnings report for CoStar Group (CSGP). Shares have added about 0.1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is CoStar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. It turns out, estimates review have trended downward during the past month. The consensus estimate has shifted -55.88% due to these changes. At this time, CoStar has an average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, CoStar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. CoStar is part of the Zacks Computers - IT Services industry. Over the past month, Infosys (INFY), a stock from the same industry, has gained 4.3%. The company reported its results for the quarter ended March 2025 more than a month ago. Infosys reported revenues of $4.73 billion in the last reported quarter, representing a year-over-year change of +3.6%. EPS of $0.20 for the same period compares with $0.23 a year ago. Infosys is expected to post earnings of $0.19 per share for the current quarter, representing a year-over-year change of +5.6%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #4 (Sell) for Infosys. Also, the stock has a VGM Score of C. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report American Noble Gas Inc. (INFY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research"
CSGP,2025-05-30,73.995,74.005,71.94,73.54,"CoStar Group's Residential Profitability Remains Key Concern, BofA Securities Says CoStar Group's (CSGP) challenges in making the residential business profitable are the main risk to"
CSGP,2025-06-02,72.85,73.41,71.35,73.27,"1 S&P 500 Stock to Keep an Eye On and 2 to Keep Off Your Radar The S&P 500 (^GSPC) is home to the biggest and most well-known companies in the market, making it a go-to index for investors seeking stability. But not all large-cap stocks are created equal - some are struggling with slowing growth, declining margins, or increased competition. Some large-cap stocks are past their peak, and StockStory is here to help you separate the winners from the laggards. That said, here is one S&P 500 stock that could deliver good returns and two that may struggle. Market Cap: $10.12 billion With an iconic “STANLEY” logo which has remained virtually unchanged for over a century, Stanley Black & Decker (NYSE:SWK) is a manufacturer primarily catering to the tool and outdoor equipment industry. Why Do We Steer Clear of SWK? Stanley Black & Decker is trading at $65.51 per share, or 12.2x forward P/E. Check out our free in-depth research report to learn more about why SWK doesn’t pass our bar. Market Cap: $31.03 billion With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. Why Does CSGP Fall Short? At $72.82 per share, CoStar trades at 69.2x forward P/E. Read our free research report to see why you should think twice about including CSGP in your portfolio, it’s free. Market Cap: $25.66 billion Started as a mail-order tractor parts business, Tractor Supply (NASDAQ:TSCO) is a retailer of general goods such as agricultural supplies, hardware, and pet food for the rural consumer. Why Are We Positive On TSCO? Tractor Supply’s stock price of $48.63 implies a valuation ratio of 21.9x forward P/E. Is now the time to initiate a position? Find out in our full research report, it’s free. Market indices reached historic highs following Donald Trump’s presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a ""fearful"" wait-and-see approach, we’re leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free."
CSGP,2025-06-03,72.84,75.75,72.84,75.69,
CSGP,2025-06-04,75.8,77.15,75.31,77.06,
CSGP,2025-06-05,77.21,79.985,77.07,78.19,"Why Is Jack Henry (JKHY) Up 5.7% Since Last Earnings Report? A month has gone by since the last earnings report for Jack Henry (JKHY). Shares have added about 5.7% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Jack Henry due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. It turns out, estimates revision have trended downward during the past month. Currently, Jack Henry has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Notably, Jack Henry has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Jack Henry is part of the Zacks Computers - IT Services industry. Over the past month, CoStar Group (CSGP), a stock from the same industry, has gained 2.3%. The company reported its results for the quarter ended March 2025 more than a month ago. CoStar reported revenues of $732.2 million in the last reported quarter, representing a year-over-year change of +11.6%. EPS of $0.14 for the same period compares with $0.10 a year ago. For the current quarter, CoStar is expected to post earnings of $0.14 per share, indicating a change of -6.7% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days. CoStar has a Zacks Rank #4 (Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research"
CSGP,2025-06-06,78.74,79.34,78.27,78.52,"Amdocs (DOX) Down 1.7% Since Last Earnings Report: Can It Rebound? A month has gone by since the last earnings report for Amdocs (DOX). Shares have lost about 1.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Amdocs due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. It turns out, fresh estimates have trended downward during the past month. Currently, Amdocs has an average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Amdocs has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Amdocs is part of the Zacks Computers - IT Services industry. Over the past month, CoStar Group (CSGP), a stock from the same industry, has gained 3.1%. The company reported its results for the quarter ended March 2025 more than a month ago. CoStar reported revenues of $732.2 million in the last reported quarter, representing a year-over-year change of +11.6%. EPS of $0.14 for the same period compares with $0.10 a year ago. For the current quarter, CoStar is expected to post earnings of $0.14 per share, indicating a change of -6.7% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days. CoStar has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amdocs Limited (DOX) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research"
CSGP,2025-06-09,78.79,79.56,77.92,78.92,"3 High-Flying Stocks Skating on Thin Ice ""You get what you pay for"" often applies to expensive stocks with best-in-class business models and execution. While their quality can sometimes justify the premium, they typically experience elevated volatility during market downturns when expectations change. Determining whether a company’s quality justifies its price causes headaches for nearly all investors, which is why we started StockStory - to help you separate the real opportunities from the speculative ones. Keeping that in mind, here are three high-flying stocks where the price is not right and some other investments you should look into instead. Forward P/E Ratio: 297.1x Founded in 1971, Marcus & Millichap (NYSE:MMI) specializes in commercial real estate investment sales, financing, research, and advisory services. Why Is MMI Risky? Marcus & Millichap is trading at $29.71 per share, or 297.1x forward P/E. To fully understand why you should be careful with MMI, check out our full research report (it’s free). Forward P/E Ratio: 316.1x Formerly known as Nuturn, NN (NASDAQ:NNBR) provides metal components, bearings, and plastic and rubber components to the automotive, aerospace, medical, and industrial sectors. Why Do We Think NNBR Will Underperform? At $2.09 per share, NN trades at 316.1x forward P/E. Read our free research report to see why you should think twice about including NNBR in your portfolio, it’s free. Forward P/E Ratio: 73.9x With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. Why Are We Wary of CSGP? CoStar’s stock price of $78.52 implies a valuation ratio of 73.9x forward P/E. Dive into our free research report to see why there are better opportunities than CSGP. Market indices reached historic highs following Donald Trump’s presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a ""fearful"" wait-and-see approach, we’re leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free."
CSGP,2025-06-10,79.1,81.12,79.04,81.07,"CoStar (CSGP): Buy, Sell, or Hold Post Q1 Earnings? CoStar has been treading water for the past six months, recording a small return of 4.4% while holding steady at $79.78. Is now the time to buy CoStar, or should you be careful about including it in your portfolio? Get the full breakdown from our expert analysts, it’s free. We're sitting this one out for now. Here are three reasons why there are better opportunities than CSGP and a stock we'd rather own. Adjusted operating margin is one of the best measures of profitability because it tells us how much money a company takes home after subtracting all core expenses, like marketing and R&D. It also removes various one-time costs to paint a better picture of normalized profits. Looking at the trend in its profitability, CoStar’s adjusted operating margin decreased by 23.7 percentage points over the last five years. This raises questions about the company’s expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. Its adjusted operating margin for the trailing 12 months was 8.8%. We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable. Sadly for CoStar, its EPS declined by 4% annually over the last five years while its revenue grew by 14%. This tells us the company became less profitable on a per-share basis as it expanded. If you’ve followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can’t use accounting profits to pay the bills. As you can see below, CoStar’s margin dropped by 16.6 percentage points over the last five years. Continued declines could signal it is in the middle of an investment cycle. CoStar’s free cash flow margin for the trailing 12 months was negative 1.1%. CoStar isn’t a terrible business, but it isn’t one of our picks. That said, the stock currently trades at 74.3× forward P/E (or $79.78 per share). This multiple tells us a lot of good news is priced in - you can find better investment opportunities elsewhere. We’d suggest looking at our favorite semiconductor picks and shovels play. The market surged in 2024 and reached record highs after Donald Trump’s presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we’re homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver’s seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today."
CSGP,2025-06-11,81.0,82.3,80.74,81.79,
CSGP,2025-06-12,81.9,83.48,81.71,82.378,
CSGP,2025-06-13,81.35,82.0,80.53,81.16,
CSGP,2025-06-16,81.77,82.89,81.49,81.94,
CSGP,2025-06-17,81.74,81.97,79.73,79.89,
CSGP,2025-06-18,80.02,80.465,79.02,79.57,"Homes.Com Report: Home Price Increases Slowed in May for the Fifth Consecutive Month. Nationally, the Median Home Price Was Up Just 1.0% From a Year Ago. The median home price increased by just 1.0% in May over the same time last year. Price increases slowed across the country. ARLINGTON, Va., June 18, 2025--(BUSINESS WIRE)--Homes.com, a CoStar Group leading online residential marketplace, today released a new report analyzing home prices in May (based on the data collected to date), price trends across major metros, and what the latest developments in the housing market mean for homebuyers. According to the preliminary estimates, home prices continued to increase in May. Still, the rate of price increases slowed for the fifth consecutive month, with the median home price rising modestly by 1.0% in May. Year-over-year, prices rose 1.3% in April, 2.2% in March, 2.7% in February, and 3.9% in January. In dollar terms, the median home price went up $3,829 from May of last year to May of this year, from $385,000 to $388,829. Prices have increased for 23 consecutive months on a year-over-year basis, and the rate of increases peaked at 5.6% in the second half of 2024. Easing price pressures offers some good news for homebuyers. In addition, May Homes.com data showed the inventory of homes for sale increased 17.2% compared to May 2024 to the highest level since October 2019. This rise in inventory and softening price pressures indicate a transition to a buyer’s market, especially in several key metros in the Sun Belt region. However, affordability continues to be challenging as mortgage rates remain elevated. The highest price appreciation is concentrated in the Northeast and parts of the Midwest. However, the rates of price growth even in those markets have moderated. In April, the top three markets by price growth saw rates of increase between 10.5% and 10.8%. In May, the growth rates for the top three markets slowed to between 7.4% and 7.6%. The geography of the major metros with negative or flat price growth has broadened and now includes Texas, parts of Florida, parts of California, as well as Denver and Atlanta. The data shared in this report could change slightly once all home sales are accounted for. Erika Ludvigsen, National Director of Residential Analytics at Homes.com, is available for interviews to provide insights on these data and the residential real estate market in general. For more information and insights on the latest home buying and selling market trends, visit Homes.com. About Homes.com Homes.com is the fastest-growing residential real estate marketplace and the second largest portal in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021. Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members are winning 58% more listings* because they offer the home sellers a real estate portal that works for them, not against them. The Homes.com Network reached an audience of 104 million average monthly unique visitors in the first quarter ending March 31, 2025.** Consumer brand awareness skyrocketed from 4% to 33% in just one year since CoStar Group launched the industry’s largest marketing campaign to date in February 2024, reintroducing the platform to the market. For more information, visit Homes.com. *Based on internal analyses comparing Members to non-Members on Homes.com. ** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors for the quarter ended March 31, 2025, according to Google Analytics. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted over 130 million average monthly unique visitors in the first quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250618118842/en/ Contacts News Media Contact Matthew Blocher CoStar Group (202) 346-6775 mblocher@costargroup.com"
CSGP,2025-06-20,80.24,80.976,79.48,79.64,
CSGP,2025-06-23,79.66,80.18,79.06,80.04,
CSGP,2025-06-24,80.63,81.6,80.07,81.0,
CSGP,2025-06-25,81.08,81.375,80.665,81.26,"[""Data & Business Process Services Stocks Q1 In Review: CoStar (NASDAQ:CSGP) Vs Peers The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let\u2019s take a look at how data & business process services stocks fared in Q1, starting with CoStar (NASDAQ:CSGP). A combination of increasing reliance on data and analytics across various industries and the desire for cost efficiency through outsourcing could mean that companies in this space gain. As functions such as payroll, HR, and credit risk assessment rely on more digitization, key players in the data & business process services industry could be increased demand. On the other hand, the sector faces headwinds from growing regulatory scrutiny on data privacy and security, with laws like GDPR and evolving U.S. regulations potentially limiting data collection and monetization strategies. Additionally, rising cyber threats pose risks to firms handling sensitive personal and financial information, creating outsized headline risk when things go wrong in this area. The 11 data & business process services stocks we track reported a satisfactory Q1. As a group, revenues beat analysts\u2019 consensus estimates by 1.3% while next quarter\u2019s revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 9.1% on average since the latest earnings results. With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. CoStar reported revenues of $732.2 million, up 11.5% year on year. This print was in line with analysts\u2019 expectations, and overall, it was a strong quarter for the company with an impressive beat of analysts\u2019 EPS estimates and revenue guidance for next quarter meeting analysts\u2019 expectations. CoStar delivered the weakest full-year guidance update of the whole group. Unsurprisingly, the stock is down 1.9% since reporting and currently trades at $81. Is now the time to buy CoStar? Access our full analysis of the earnings results here, it\u2019s free. Powering billions of critical customer interactions annually, CSG Systems (NASDAQ:CSGS) provides cloud-based software platforms that help companies manage customer interactions, process payments, and monetize their services. CSG reported revenues of $299.5 million, up 1.5% year on year, outperforming analysts\u2019 expectations by 1.4%. The business had an exceptional quarter with full-year revenue guidance exceeding analysts\u2019 expectations and a solid beat of analysts\u2019 EPS estimates. CSG scored the highest full-year guidance raise among its peers. The market seems content with the results as the stock is up 4.4% since reporting. It currently trades at $64. Is now the time to buy CSG? Access our full analysis of the earnings results here, it\u2019s free. Processing over $10 trillion in equity and fixed income trades daily and managing proxy voting for over 800 million equity positions, Broadridge Financial Solutions (NYSE:BR) provides technology-driven solutions that power investing, governance, and communications for banks, broker-dealers, asset managers, and public companies. Broadridge reported revenues of $1.81 billion, up 4.9% year on year, falling short of analysts\u2019 expectations by 2.5%. It was a slower quarter, leaving some shareholders looking for more. Broadridge delivered the weakest performance against analyst estimates in the group. The stock is flat since the results and currently trades at $241.80. Read our full analysis of Broadridge\u2019s results here. Processing over 2.8 billion insurance transaction records annually through one of the world's largest private databases, Verisk Analytics (NASDAQ:VRSK) provides data, analytics, and technology solutions that help insurance companies assess risk, detect fraud, and make better business decisions. Verisk reported revenues of $753 million, up 7% year on year. This print was in line with analysts\u2019 expectations. More broadly, it was a mixed quarter as it also recorded a narrow beat of analysts\u2019 constant currency revenue estimates but a slight miss of analysts\u2019 full-year EPS guidance estimates. The stock is up 9.9% since reporting and currently trades at $325.42. Read our full, actionable report on Verisk here, it\u2019s free. Pioneering the concept of \""agile aerospace\"" with hundreds of small but powerful satellites, Planet Labs (NYSE:PL) operates the world's largest fleet of Earth observation satellites, capturing daily images of our planet to provide insights on deforestation, agriculture, and climate change. Planet Labs reported revenues of $66.27 million, up 9.6% year on year. This result beat analysts\u2019 expectations by 6.5%. Overall, it was a very strong quarter as it also recorded an impressive beat of analysts\u2019 EPS estimates and full-year revenue guidance slightly topping analysts\u2019 expectations. Planet Labs achieved the biggest analyst estimates beat among its peers. The stock is up 38.4% since reporting and currently trades at $5.55. Read our full, actionable report on Planet Labs here, it\u2019s free. As a result of the Fed\u2019s rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed\u2019s 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump\u2019s victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate."", ""5 Insightful Analyst Questions From CoStar\u2019s Q1 Earnings Call CoStar's first quarter results were met with a marked negative market reaction, as concerns emerged regarding the company\u2019s forward outlook despite solid operational performance. Management pointed to ongoing double-digit revenue growth, with CEO Andy Florance highlighting strong momentum in the core commercial real estate data and marketplace businesses and the integration of recent acquisitions such as Matterport. However, Florance acknowledged continued headwinds in the broader commercial real estate environment, describing conditions as \u201cone of the worst commercial real estate environments in decades,\u201d with high office vacancies and weak transaction volumes. The company also experienced significant cost reductions, particularly in the Homes.com business, and noted a sharp improvement in customer retention metrics following product repositioning. Is now the time to buy CSGP? Find out in our full research report (it\u2019s free). Revenue: $732.2 million vs analyst estimates of $730 million (11.5% year-on-year growth, in line) Adjusted EPS: $0.19 vs analyst estimates of $0.11 (81.7% beat) Adjusted EBITDA: $65.6 million vs analyst estimates of $30.51 million (9% margin, significant beat) Revenue Guidance for the full year is $3.14 billion at the midpoint, roughly in line with what analysts were expecting EBITDA guidance for the full year is $370 million at the midpoint, below analyst estimates of $389.9 million Operating Margin: -5.8%, in line with the same quarter last year Market Capitalization: $34.17 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Alexei Gogolev (JPMorgan) asked about the industry\u2019s response to Zillow\u2019s delayed market listing policy. CEO Andy Florance reported \u201coverwhelmingly negative\u201d feedback from agents and positioned this as a competitive opportunity for Homes.com. Peter Christiansen (Citi) inquired about Matterport\u2019s integration timeline and monetization. Florance highlighted plans for deep product embedding and R&D expansion, while CFO Christian Lown emphasized expected reductions in customer cancellations as usage increases. George Tong (Goldman Sachs) questioned investment levels for Homes.com and the impact of the Board\u2019s capital allocation committee. Lown confirmed investment plans remain unchanged, with cost savings being reallocated to sales force growth. Ryan Tomasello (KBW) asked about the deceleration in multifamily growth and the outlook for Apartments.com. Lown explained that seasonal dynamics and new sales hires will drive acceleration in the second half, and the addition of experienced sales staff is expected to improve results. Stephen Sheldon (William Blair) queried the potential for more aggressive pricing in the CoStar Suite. Florance suggested that as market conditions improve, the company may pursue higher annual price increases, but will remain cautious if headwinds persist. Over the next few quarters, the StockStory team will focus on (1) the pace of Homes.com sales force expansion and its impact on net new bookings, (2) the effectiveness of Matterport\u2019s integration in driving higher engagement and retention across the product suite, and (3) signs of improvement in commercial real estate transaction volumes and office vacancy rates. Execution on cost control and the ability to successfully monetize new product offerings will also be key indicators of progress. CoStar currently trades at $81, down from $82.61 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it\u2019s free). Market indices reached historic highs following Donald Trump\u2019s presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a \""fearful\"" wait-and-see approach, we\u2019re leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.""]"
CSGP,2025-06-26,81.6,81.84,80.51,81.5,"[""Zillow and Rocket Stocks Could Surge, Despite the Housing Slump The two companies could make homebuying more efficient and cheaper. Why a longtime observer is bullish on the shares."", ""Federal Court Finds Rival CREXi Copied and Cropped Thousands of CoStar\u2019s Copyrighted Images After reviewing the mountain of evidence against CREXi, the District Court held that CoStar had stated a case for infringement and made multiple key findings against CREXi, holding that it had deliberately copied listings and copyrighted images from LoopNet, and cropped out the CoStar watermark ARLINGTON, Va., June 26, 2025--(BUSINESS WIRE)--Yesterday, Judge Marshall of the federal district court in Los Angeles issued a detailed opinion finding that CREXi had deliberately copied and cropped thousands of CoStar Group photos via an elaborate offshore scheme involving Indian-based agents. The court saw through CREXi\u2019s excuses and attempts to blame brokers, and also ruled that CREXi\u2019s core counterarguments failed. The case will now move forward to trial to resolve the remaining outstanding factual issues and to determine the value of CoStar Group\u2019s images and CREXi\u2019s damages. In 2020, CoStar Group sued CREXi for industrial-scale copyright infringement, putting forth evidence that CREXi had built its competing commercial real estate (CRE) platform by free-riding on CoStar Group\u2019s intellectual property and infringing thousands of CoStar-owned photographs. During the litigation it became clear that CREXi, pursuant to an official \""copy and crop\"" policy, and using offshore agents in India, infringed thousands and thousands of CoStar Group copyrighted photographs, harvesting them from CoStar Group\u2019s LoopNet site and brochures, and cropping the CoStar Group star logo from the images. CREXi\u2019s deliberate misconduct is undeniable: thousands of CREXi emails, internal CREXi teams messages and testimony from former and current CREXi employees show CREXi engaging in wrongdoing. Both parties cross-moved for summary judgment on various issues. While the Court denied the motions, it made a slew of findings in CoStar\u2019s favor that brushed aside CREXi\u2019s claim to be an innocent, passive platform that simply did what brokers told it to do. The Court concluded that CREXi and its offshore teams in fact deliberately copied from CoStar\u2019s LoopNet site, took screenshots of CoStar\u2019s images, cropped the CoStar watermark, and did so based on a company policy. In a detailed and reasoned opinion, the court cited, among other evidence, the document reflecting that policy, which instructed its employees to \""TAKE A SCREENSHOT OF THE PHOTOS . . . TO ENSURE THAT THE WATERMARK LOGO IS REMOVED.\"" Among other findings, the Court held: \""There is ample evidence that CREXi and its BPOs [i..e., offshore teams in India] copied listing information, including images, from LoopNet when a listing could only be found on LoopNet, and that CREXi would take screenshots of photos or otherwise crop out CoStar\u2019s watermarks from photos to build out listings on its website.\"" Order at 18. \""There is also no genuine dispute that CREXi instructed its BPOs [offshore agents] on how to build listings, including to remove the watermark from any CoStar-watermarked images before using an image in a listing.\"" Id. at 20. \""Evidence further indicates that before this litigation, CREXi instructed its employees and BPOs [offshore agents] that, when photos were only available on CoStar, they should screenshot the photos and crop them to remove the watermark. . . . . Finally, there is evidence that this was an established practice or policy at CREXi, at least before this lawsuit was filed.\"" Id. at 26. \""[T]here is no genuine dispute of fact that CoStar has stated a prima facie case for copyright infringement as to the User-Directed images displayed before the lawsuit was filed.\"" Id. at 21. Further devastating CREXi\u2019s case, the Court found that CREXi is barred from invoking its core defense \u2013 that it is a passive platform entitled to safe harbor protection under the Digital Millennium Copyright Act \u2013 with regard to the copyrighted listing images that CREXi and its offshore agents copied from LoopNet. Id. at 37 (\""Accordingly, the Court finds that \u00a7 512(c)\u2019s safe harbor does not apply to the User-Directed images.\""). Similarly, the Court ruled against CREXi with regard to the core of its purported \""unclean hands\"" defense. Id. at 40. And found that CoStar owned all the photographs in the case, gutting CREXi\u2019s multiple arguments that tried to dispute such ownership. Id. at 9. The Court\u2019s rulings bring CoStar Group one step closer to vindication. \""We are not surprised that after reviewing the mountain of evidence CoStar Group filed in support of its claims that the Court has made multiple core findings in our favor, including that CREXi, as a matter of policy, and using offshore teams, copied and cropped thousands of our copyrighted images,\"" said Gene Boxer, CoStar Group General Counsel. \""CREXi is a parasitic company that has chosen to harvest intellectual property from CoStar Group rather than compete fairly, and the court recognized that. We look forward to proceeding to trial on the remaining issues, including the value of CoStar Group\u2019s images and the damage CREXi has done. CREXi engaged in mass infringement and must pay the price. The industry is on notice that it will face judgment for any use of CoStar\u2019s watermarked images.\"" About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world\u2019s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group\u2019s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group\u2019s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group\u2019s websites attracted over 130 million average monthly unique visitors in the first quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250626550895/en/ Contacts News Media Contact: Matthew Blocher CoStar Group (202) 346-6775 mblocher@costargroup.com""]"
CSGP,2025-06-27,81.5,82.0,80.37,80.7,
CSGP,2025-06-30,80.68,81.14,79.9403,80.4,
CSGP,2025-07-01,80.4,82.47,79.94,81.91,
CSGP,2025-07-02,81.57,81.78,80.62,81.42,"What to Expect From CoStar Group's Q2 2025 Earnings Report CoStar Group, Inc. (CSGP), headquartered in Arlington, Virginia, provides information, analytics, and online marketplace services. Valued at $33.9 billion by market cap, the company offers a subscription-based integrated platform for commercial real estate intelligence, which includes information about commercial real estate properties, properties for sale, comparable sales, tenants, space available for lease, industry news, and market status. The leading commercial real estate information and marketplace listing platforms provider is expected to announce its fiscal second-quarter earnings for 2025 on Tuesday, Jul. 22. Ahead of the event, analysts expect CSGP to report a profit of $0.05 per share on a diluted basis, down 54.6% from $0.11 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. Is Palantir Stock a Buy, Sell, or Hold for July 2025? Is Archer Aviation Stock a Buy, Sell, or Hold for July 2025? Oklo Just Announced a New Nuclear Fuel Deal. Is OKLO Stock a Buy Here? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For the full year, analysts expect CSGP to report EPS of $0.42, down 22.2% from $0.54 in fiscal 2024. However, its EPS is expected to rise 181% year over year to $1.18 in fiscal 2026. CSGP stock has underperformed the S&P 500 Index’s ($SPX) 13.2% gains over the past 52 weeks, with shares up 10.9% during this period. However, it outperformed the Real Estate Select Sector SPDR Fund’s (XLRE) 9.6% gains over the same time frame. CSGP’s weak performance was driven by a $31 million impact from the Matterport acquisition. On Apr. 29, CSGP reported its Q1 results, and its shares closed down more than 10% in the following trading session. Its adjusted EPS of $0.14 beat Wall Street expectations of $0.11. The company’s revenue was $732.2 million, exceeding Wall Street forecasts of $719.4 million. The company expects full-year revenue in the range of $3.1 billion to $3.2 billion. Analysts’ consensus opinion on CSGP stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 16 analysts covering the stock, nine advise a “Strong Buy” rating, two suggest a “Moderate Buy,” four give a “Hold,” and one recommends a “Strong Sell.” CSGP’s average analyst price target is $87.64, indicating a potential upside of 7% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com"
CSGP,2025-07-03,81.73,82.72,81.185,82.12,"[""CoStar Group Names Alexa-Maria Rathbone Barker as Head of CoStar for Europe Appointment Underscores CoStar Group\u2019s Commitment to European Growth and Leadership LONDON, July 03, 2025--(BUSINESS WIRE)--CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology, today announced the appointment of Alexa-Maria Rathbone Barker as Head of CoStar Europe. This leadership elevation comes as part of the company\u2019s strategic growth plan across Europe. In her expanded role, Alexa will oversee CoStar\u2019s operations in the UK, reaffirming the company\u2019s position as the most trusted provider of real-time, verified commercial real estate (CRE) intelligence. Her responsibilities will include deepening CoStar\u2019s relationships with key players in the CRE space - especially among agencies - and helping clients grow through collaboration and partnerships. Beyond her UK remit, Alexa will also lead CoStar\u2019s European expansion. With product launches planned in France, Spain, and Germany, her multilingual skills and pan-European expertise will be instrumental in driving growth and building CoStar\u2019s footprint in new markets. Alexa joined CoStar Group as Head of European Sales, where over the past three years she led sales strategy and execution for the company\u2019s market-leading platforms across the UK and Europe. Prior to that, she spent a decade at Bloomberg, holding senior leadership positions focused on international growth and heading the European Analytics team. Fluent in English, French, and Spanish, Alexa brings a rare combination of extensive product knowledge, insight, regional expertise, and cross-cultural fluency to her new position. \""Alexa\u2019s extensive experience, deep knowledge of the CRE landscape, and her clear understanding of our clients\u2019 evolving needs make her the ideal choice to lead CoStar\u2019s efforts across the UK and Europe,\"" said Robin Rossmann, Managing Director, Europe at CoStar Group. \""Her promotion is a testament to our ongoing commitment to cultivating talent and delivering world-class services to our clients.\"" About CoStar Group, Inc. CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world\u2019s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group\u2019s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group\u2019s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group\u2019s websites attracted over 130 million average monthly unique visitors in the first quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250703960189/en/ Contacts Media Contact Matthew Blocher CoStar Group (202) 346-6775 mblocher@costargroup.com"", ""CoStar Group to Report Financial Results for Second Quarter on July 22, 2025 ARLINGTON, Va., July 02, 2025--(BUSINESS WIRE)--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 2025 following the market close on Tuesday, July 22, 2025. Management will conduct a conference call to discuss the second quarter results, as well as the Company\u2019s 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 following the call. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world\u2019s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group\u2019s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group\u2019s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group\u2019s websites attracted over 130 million average monthly unique visitors in the first quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250702448745/en/ Contacts Investor Relations: Rich Simonelli Head of Investor Relations CoStar Group Investor Relations (973) 896-8184 rsimonelli@costar.com News Media: Matthew Blocher Vice President CoStar Group Corporate Marketing & Communications (202) 346-6775 mblocher@costar.com""]"
CSGP,2025-07-07,81.73,81.92,80.51,81.6,"Apartments.com Releases Multifamily Rent Growth Report for Second Quarter of 2025 Quarterly data shows rent growth easing in the second quarter of the year ARLINGTON, Va., July 07, 2025--(BUSINESS WIRE)--The national year-over-year asking rent growth for apartments was 0.9% in the second quarter of 2025, slightly slower than the 1.2% recorded in the first quarter. From mid-2023, year-over-year rent growth hovered between 1.0% and 1.2% after its rapid deceleration in 2021 and 2022. This was the first easing of rent growth since the first quarter of 2024. The national rent per unit ended the quarter at $1,773, compared to a revised $1,763 recorded at the end of the first quarter of 2025 and $1,757 at the end of the second quarter of 2024. Quarter-over-quarter rents rose by 0.6%, a slowdown from the prior quarter’s gain of 1.1%. The vacancy rate held steady at 8.2% for its third consecutive quarter. The second quarter recorded 151,440 units of absorption, a 21% increase over the previous quarter but 9% below absorption in the second quarter of 2024. Supply additions in the quarter numbered 175,655, a 37% increase over the previous quarter, but 11% below the supply additions in the second quarter of 2024. While supply additions exceeded absorption in the second quarter, following a trend that has persisted since the fourth quarter of 2021, construction starts have been on a long downward trend for two years, suggesting future deliveries will slow. San Francisco ended the second quarter with the strongest annual asking rent growth of the top 50 markets nationwide, at 5.1%. Chicago followed at 3.8%, with San Jose at 3.0%, and Cincinnati and Norfolk at 2.8% were not far behind. Many of the best-performing markets are in the Midwest and Northeast, where modest supply additions were better aligned with demand conditions. At the opposite end of the scale, rents fell by 4.3% over the past 12 months in Austin, followed by Denver at -3.3% and Phoenix at -2.6%. Fifteen markets saw rents fall compared to the second quarter of 2024, with all but one of those markets in the Sun Belt, where oversupply conditions have yet to stabilize fully. Absorption was again led by 4&5-Star units, with roughly 115,000 units in the quarter, or about 75% of all units absorbed. With most new supply aimed at the luxury market, annual asking rent growth remained the weakest in that segment and finished June at 0.5%, with a vacancy rate of 11.5%. This contrasts with mid-priced assets that benefited from rising demand for 3-Star properties, where the vacancy is 7.5% at the end of the second quarter, producing annual rent growth of 1.1%. The multifamily market is projected to add 485,000 new units in 2025, 30% fewer than were delivered in 2024. As the post-pandemic supply wave recedes, balance will likely return to the market. However, market conditions could vary widely among markets and quality segments. ABOUT COSTAR GROUP, INC. CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted over 130 million average monthly unique visitors in the first quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. This news release includes ""forward-looking statements,"" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that new unit deliveries do not occur when expected, or at all; and the risk that multifamily vacancy rates are not as expected. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report Form 10-Q for the quarter ended March 31, 2025, which are filed with the SEC, including in the ""Risk Factors"" section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof. CoStar assumes no obligation to update or revise any forward-looking statements, whether due to new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20250707370880/en/ Contacts NEWS MEDIA: Matthew Blocher Vice President CoStar Group Corporate Marketing & Communications (202)-346-6775 mblocher@costar.com"
CSGP,2025-07-08,81.6,83.28,81.51,82.83,
CSGP,2025-07-09,82.83,84.55,82.685,84.5,
CSGP,2025-07-10,84.025,86.14,83.67,86.05,
CSGP,2025-07-11,85.15,85.805,85.15,85.43,
CSGP,2025-07-14,85.26,86.17,84.8,85.64,
CSGP,2025-07-15,85.865,86.45,84.04,84.09,
CSGP,2025-07-16,84.53,85.17,83.37,85.14,"Wells Fargo Adjusts Price Target on CoStar Group to $70 From $65, Maintains Underweight Rating CoStar Group (CSGP) has an average rating of overweight and mean price target of $90.07, according t"
CSGP,2025-07-17,85.25,85.88,84.76,84.95,"[""Seeking Clues to CoStar (CSGP) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics In its upcoming report, CoStar Group (CSGP) is predicted by Wall Street analysts to post quarterly earnings of $0.14 per share, reflecting a decline of 6.7% compared to the same period last year. Revenues are forecasted to be $771.67 million, representing a year-over-year increase of 13.8%. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock. While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight. Bearing this in mind, let's now explore the average estimates of specific CoStar metrics that are commonly monitored and projected by Wall Street analysts. The consensus estimate for 'Revenues- CoStar' stands at $267.89 million. The estimate suggests a change of +5.9% year over year. The consensus among analysts is that 'Revenues- Information Services' will reach $36.74 million. The estimate indicates a change of +10% from the prior-year quarter. Analysts expect 'Revenues- Other Marketplaces' to come in at $50.20 million. The estimate points to a change of +60.9% from the year-ago quarter. Analysts forecast 'Revenues- LoopNet' to reach $74.65 million. The estimate indicates a year-over-year change of +6.9%. Based on the collective assessment of analysts, 'Revenues- Residential' should arrive at $31.02 million. The estimate suggests a change of +18.4% year over year. The average prediction of analysts places 'Revenues- Multifamily' at $293.26 million. The estimate indicates a change of +11% from the prior-year quarter. View all Key Company Metrics for CoStar here>>> CoStar shares have witnessed a change of +7% in the past month, in contrast to the Zacks S&P 500 composite's +4.2% move. With a Zacks Rank #3 (Hold), CSGP is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research"", ""CoStar's Q2 Core Bookings to Improve Amid Increased Multifamily Bookings, RBC Says CoStar Group's (CSGP) core bookings should improve sequentially in Q2, mainly driven by increased bo""]"
CSGP,2025-07-18,85.32,85.42,84.42,84.7,"CoStar Group to Post Q2 Earnings: What's in Store for the Stock? CoStar Group CSGP is slated to report second-quarter 2025 earnings on July 22. The company expects revenues to be between $770 million and $775 million, indicating year-over-year growth of 14% at the midpoint of the range. The Zacks Consensus Estimate for revenues is currently pegged at $771.67 million, suggesting growth of 13.85% from the year-ago quarter’s levels. The consensus mark for earnings has remained unchanged at 14 cents per share in the past 30 days, suggesting a 6.67% decline from the figure reported in the year-ago quarter. CoStar Group’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 37.41%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) CoStar Group, Inc. price-eps-surprise | CoStar Group, Inc. Quote Let’s see how things might have shaped up for CSGP prior to the announcement. CoStar Group’s second-quarter performance is likely to have benefited from a robust portfolio of marketplaces, including Apartments.com, LoopNet and Homes.com. The growing momentum in Apartments.com, driven by increased traffic and higher advertising spending, is likely to have aided CoStar’s top-line growth in the to-be-reported quarter. CSGP has seen robust revenue growth across its major platform, Apartments.com, and expects 10% revenue growth for the second quarter of 2025. Homes.com continued to gain traction, reaching 104 million average monthly unique visitors in the first quarter of 2025, according to Google Analytics. Also, Traffic to CoStar Group sites reached 130 million average monthly unique visitors during the quarter. This momentum is expected to have continued in the to-be-reported period. The strengthening international segment and its highest net new bookings in nearly three years, driven by its revamped sales strategy focusing on broad subscription packages, are expected to have bolstered LoopNet’s performance in the to-be-reported quarter. LoopNet’s revenue growth rate is anticipated to be 7% in the second quarter. However, challenging macroeconomic uncertainties and ongoing headwinds in the commercial real estate market are expected to have affected revenue growth. The Homes.com segment is also anticipated to have experienced low single-digit revenue growth in the second quarter of 2025 due to the impact of first-quarter cancellations. CoStar Group’s growth trajectory is likely to have been fueled by its consistent acquisition strategy. Its acquisition of Matterport represents a move toward integrating Matterport’s 3D capture technology into CSGP’s real estate marketplaces, thereby enhancing CoStar’s offerings and capitalizing on the growing demand for virtual real estate experiences. Matterport is expected to have contributed approximately $40 million to second-quarter revenues, with plans to integrate its technology into CoStar’s platforms, enhancing user engagement and reducing cancellations. As per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. CoStar Group has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases: Lam Research LRCX, Sensata Technologies ST and Infosys INFY are some stocks with favorable combinations. Lam Reasearch has an Earnings ESP of +1.87% and a Zacks Rank #2 at present. Lam Research is slated to report fourth-quarter fiscal 2025 results on July 30. You can see the complete list of today’s Zacks #1 Rank stocks here. Sensata Technologies has an Earnings ESP of +1.45% and a Zacks Rank #2 at present. Sensata Technologies is set to report second-quarter 2025 results on July 29. Infosys has an Earnings ESP of +1.06% and a Zacks Rank #2 at present. Infosys is scheduled to report first-quarter fiscal 2026 results on July 23. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Noble Gas Inc. (INFY) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Sensata Technologies Holding N.V. (ST) : Free Stock Analysis Report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research"
CSGP,2025-07-21,85.24,85.53,84.8,85.01,"CoStar (CSGP) To Report Earnings Tomorrow: Here Is What To Expect Real estate data provider CoStar Group (NASDAQ:CSGP) will be reporting earnings this Tuesday after market close. Here’s what investors should know. CoStar met analysts’ revenue expectations last quarter, reporting revenues of $732.2 million, up 11.5% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and revenue guidance for next quarter meeting analysts’ expectations. Is CoStar a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting CoStar’s revenue to grow 13.9% year on year to $772.2 million, improving from the 11.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CoStar has missed Wall Street’s revenue estimates three times over the last two years. Looking at CoStar’s peers in the professional services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. ManpowerGroup posted flat year-on-year revenue, beating analysts’ expectations by 3.6%, and Concentrix reported revenues up 1.5%, topping estimates by 1.2%. ManpowerGroup’s stock price was unchanged after the resultswhile Concentrix was down 6.3%. Read our full analysis of ManpowerGroup’s results here and Concentrix’s results here. There has been positive sentiment among investors in the professional services segment, with share prices up 4.5% on average over the last month. CoStar is up 6.4% during the same time and is heading into earnings with an average analyst price target of $89.41 (compared to the current share price of $85.20). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here."
CSGP,2025-07-22,85.02,86.59,84.26,85.16,
CSGP,2025-07-23,88.24,91.13,88.24,91.0,"[""CoStar Group (CSGP) Q2 Earnings and Revenues Beat Estimates CoStar Group (CSGP) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +21.43%. A quarter ago, it was expected that this commercial real estate information and marketing provider would post earnings of $0.11 per share when it actually produced earnings of $0.14, delivering a surprise of +27.27%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. CoStar, which belongs to the Zacks Computers - IT Services industry, posted revenues of $781.3 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.25%. This compares to year-ago revenues of $677.8 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. CoStar shares have added about 18.8% since the beginning of the year versus the S&P 500's gain of 7.2%. While CoStar has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for CoStar was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.22 on $794.3 million in revenues for the coming quarter and $0.76 on $3.13 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Clarivate PLC (CLVT), is yet to report results for the quarter ended June 2025. The results are expected to be released on July 30. This company is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of -10%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Clarivate PLC's revenues are expected to be $590.76 million, down 9.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report Clarivate PLC (CLVT) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research"", ""Citigroup Adjusts Price Target on CoStar Group to $100 From $91, Maintains Buy Rating CoStar Group (CSGP) has an average rating of overweight and mean price target of $94.93, according t"", ""Baird Adjusts Price Target on CoStar Group to $105 From $100, Maintains Outperform Rating CoStar Group (CSGP) has an average rating of overweight and mean price target of $94.43, according t"", ""Goldman Sachs Adjusts Price Target on CoStar Group to $105 From $93, Maintains Buy Rating CoStar Group (CSGP) has an average rating of overweight and mean price target of $94.43, according t"", ""RBC Raises Price Target on CoStar Group to $91 From $83, Keeps Sector Perform Rating CoStar Group (CSGP) has an average rating of overweight and mean price target of $94.93, according t"", ""CoStar\u2019s (NASDAQ:CSGP) Q2 Sales Top Estimates Real estate data provider CoStar Group (NASDAQ:CSGP) reported revenue ahead of Wall Street\u2019s expectations in Q2 CY2025, with sales up 15.3% year on year to $781.3 million. The company expects next quarter\u2019s revenue to be around $802.5 million, close to analysts\u2019 estimates. Its non-GAAP profit of $0.17 per share was 23.4% above analysts\u2019 consensus estimates. Is now the time to buy CoStar? Find out in our full research report. Revenue: $781.3 million vs analyst estimates of $772.2 million (15.3% year-on-year growth, 1.2% beat) Adjusted EPS: $0.17 vs analyst estimates of $0.14 (23.4% beat) Adjusted EBITDA: $85 million vs analyst estimates of $59.36 million (10.9% margin, 43.2% beat) The company slightly lifted its revenue guidance for the full year to $3.15 billion at the midpoint from $3.14 billion Adjusted EPS guidance for the full year is $0.78 at the midpoint, missing analyst estimates by 5% EBITDA guidance for the full year is $380 million at the midpoint, below analyst estimates of $383.5 million Operating Margin: -3.5%, down from -2.4% in the same quarter last year Free Cash Flow was -$5 million compared to -$42.6 million in the same quarter last year Market Capitalization: $35.86 billion With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. Reviewing a company\u2019s long-term sales performance reveals insights into its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. With $2.92 billion in revenue over the past 12 months, CoStar is a mid-sized business services company, which sometimes brings disadvantages compared to larger competitors benefiting from better economies of scale. On the bright side, it can still flex high growth rates because it\u2019s working from a smaller revenue base. As you can see below, CoStar\u2019s sales grew at an exceptional 14% compounded annual growth rate over the last five years. This shows it had high demand, a useful starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within business services, a half-decade historical view may miss recent innovations or disruptive industry trends. CoStar\u2019s annualized revenue growth of 12.1% over the last two years is below its five-year trend, but we still think the results suggest healthy demand. This quarter, CoStar reported year-on-year revenue growth of 15.3%, and its $781.3 million of revenue exceeded Wall Street\u2019s estimates by 1.2%. Company management is currently guiding for a 15.9% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 13.8% over the next 12 months, an improvement versus the last two years. This projection is healthy and implies its newer products and services will catalyze better top-line performance. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. CoStar has done a decent job managing its cost base over the last five years. The company has produced an average operating margin of 10.5%, higher than the broader business services sector. Analyzing the trend in its profitability, CoStar\u2019s operating margin decreased by 18.7 percentage points over the last five years. This raises questions about the company\u2019s expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. In Q2, CoStar generated an operating margin profit margin of negative 3.5%, down 1.1 percentage points year on year. This reduction is quite minuscule and indicates the company\u2019s overall cost structure has been relatively stable. Revenue trends explain a company\u2019s historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth \u2013 for example, a company could inflate its sales through excessive spending on advertising and promotions. Sadly for CoStar, its EPS declined by 3.7% annually over the last five years while its revenue grew by 14%. This tells us the company became less profitable on a per-share basis as it expanded. We can take a deeper look into CoStar\u2019s earnings to better understand the drivers of its performance. As we mentioned earlier, CoStar\u2019s operating margin declined by 18.7 percentage points over the last five years. Its share count also grew by 12.4%, meaning the company not only became less efficient with its operating expenses but also diluted its shareholders. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. For CoStar, its two-year annual EPS declines of 18.8% show it\u2019s continued to underperform. These results were bad no matter how you slice the data. In Q2, CoStar reported EPS at $0.17, up from $0.15 in the same quarter last year. This print easily cleared analysts\u2019 estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects CoStar\u2019s full-year EPS of $0.84 to grow 27.1%. We were impressed by how significantly CoStar blew past analysts\u2019 revenue, EPS, and EBITDA expectations this quarter. We were also happy it slightly raised its full-year revenue guidance. On the other hand, its full-year EPS and EBITDA guidance fell short of Wall Street\u2019s estimates. Overall, this quarter was mixed. The stock traded up 1.1% to $86 immediately following the results. So should you invest in CoStar right now? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it\u2019s free."", ""JPMorgan Adjusts Price Target on CoStar Group to $101 From $87, Maintains Overweight Rating CoStar Group (CSGP) has an average rating of overweight and mean price target of $94.43, according t"", ""CoStar Group Inc (CSGP) Q2 2025 Earnings Call Highlights: Record Revenue Growth and Strategic ... Revenue: $781 million, a 15% increase compared to last year. Adjusted EBITDA: $85 million, a 108% increase compared to Q2 2024. Profit Margin: 43% for commercial information and marketplace businesses. Net New Bookings: $93 million, a 65% increase over the previous quarter. Apartments.com Revenue: $292 million, up 11% from Q2 2024. Homes.com Revenue Growth: 8% increase compared to Q2 2024. CoStar Product Revenue: $271 million, 7% year-over-year growth. LoopNet Revenue Growth: 8% year-over-year increase. Cash Balance: $3.7 billion as of June 30. Share Repurchase: 585,000 shares repurchased for $45 million in Q2. 2025 Revenue Guidance: Increased to $3.135 billion to $3.155 billion. 2025 Adjusted EBITDA Guidance: Revised to $370 million to $390 million. Warning! GuruFocus has detected 4 Warning Sign with CSGP. Release Date: July 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CoStar Group Inc (NASDAQ:CSGP) reported a strong 15% increase in revenue, reaching $781 million for Q2 2025, marking the 57th consecutive quarter of double-digit revenue growth. Adjusted EBITDA rose significantly by 108% compared to Q2 2024, reaching $85 million, exceeding consensus estimates and the high end of guidance. Apartments.com achieved an 11% revenue increase from Q2 2024, reaching $292 million, with a strong net new bookings performance. Homes.com delivered solid sales growth with residential annualized net new bookings totaling $12 million for the quarter, and a significant increase in membership. LoopNet's net new bookings surged by 345% in the first half of 2025 compared to the same period last year, with expectations for revenue growth to exceed 10% in the second half of 2025. Matterport, despite being a leading provider of digital twin solutions, has not yet achieved profitability and its growth rate has slowed. The commercial real estate market continues to face challenges, particularly in the office segment with high vacancy rates and negative net absorption rates. Zillow's aggressive tactics in the market raise antitrust concerns, potentially impacting CoStar Group Inc (NASDAQ:CSGP)'s competitive positioning. The integration and streamlining efforts at Matterport involve discontinuing certain non-core revenue streams, impacting revenue expectations. The Homes.com product is still in its early stages, requiring ongoing efforts to communicate its value proposition effectively to clients. Q: Have you observed any signs of wallet share loss in Apartments.com, especially with Zillow's rental package priced below yours? A: Andrew Florance, CEO: We have not seen any loss of share or ability to capture price value at Apartments.com. Our product remains strong with high NPS renewal rates and growing bookings. The competitive dynamics involve our competitor purchasing clients at top dollar, but these are low-quality advertisers. We feel confident in our competitive position. Q: What is driving the improvement in Homes.com's Net Promoter Scores (NPS), and where is there still room for improvement? A: Andrew Florance, CEO: The improvement is due to better communication of our value proposition and effective use of our product. Our sales force is relatively new, and as they gain experience, NPS and bookings improve. We are focused on educating agents about the value of marketing real estate online, and the uptake of Matterport offerings is a differentiator. Q: Can you discuss pricing strategies across your business, particularly in multi-family and new homes models? A: Andrew Florance, CEO: We are optimizing pricing based on portfolio size and value. While we are seeing pricing for smaller players at a few hundred dollars a month, larger deals can reach $7,500 to $8,000 a month. We are focusing on penetration rather than maximizing ASP initially, with plans to adjust pricing strategies as we grow. Q: How has the average price for a new Homes.com membership changed, and what is your broader pricing strategy? A: Andrew Florance, CEO: We focus on profitable growth with high gross margins. Pricing is based on listing value, asset volume, and team size. We have shifted away from buyer agency work pricing and are incorporating rental portfolios into our pricing model. Our strategy is to drive profitable penetration growth, knowing we can capture more value over time. Q: What is the serviceable addressable market for Homes.com, and how are you approaching it with your sales force? A: Andrew Florance, CEO: The addressable market is vast, with 1.5 million agents, of which 500,000 to 750,000 are viable candidates. We aim to build relationships and educate clients on the value of our services. With 750 salespeople, each handling about 1,000 prospects, we are well-positioned to capture a significant market share. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus."", ""CoStar Q2 Adjusted Earnings, Revenue Rise; Issues Guidance CoStar Group (CSGP) reported Q2 adjusted earnings late Tuesday of $0.17 per diluted share, up from $"", ""CoStar (CSGP) Reports Q2 Earnings: What Key Metrics Have to Say CoStar Group (CSGP) reported $781.3 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 15.3%. EPS of $0.17 for the same period compares to $0.15 a year ago. The reported revenue represents a surprise of +1.25% over the Zacks Consensus Estimate of $771.67 million. With the consensus EPS estimate being $0.14, the EPS surprise was +21.43%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how CoStar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- CoStar: $270.9 million versus $267.89 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.1% change. Revenues- Information Services: $39.3 million versus $36.74 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +17.7% change. Revenues- Other Marketplaces: $74.7 million compared to the $50.2 million average estimate based on two analysts. The reported number represents a change of +139.4% year over year. Revenues- LoopNet: $75.7 million versus $74.65 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change. Revenues- Residential: $28.4 million versus $31.02 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +8.4% change. Revenues- Multifamily: $292.3 million compared to the $293.26 million average estimate based on two analysts. The reported number represents a change of +10.6% year over year. View all Key Company Metrics for CoStar here>>> Shares of CoStar have returned +6.2% over the past month versus the Zacks S&P 500 composite's +5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research"", ""Deutsche Bank Adjusts Price Target on CoStar Group to $92 From $89, Maintains Buy Rating CoStar Group (CSGP) has an average rating of overweight and mean price target of $94.43, according t"", ""Needham Adjusts Price Target on CoStar Group to $105 From $98, Maintains Buy Rating CoStar Group (CSGP) has an average rating of overweight and mean price target of $94.43, according t""]"
CSGP,2025-07-24,90.84,93.75,90.47,92.96,"[""CoStar Group Names Grant Montgomery as National Director of Multifamily Analytics Industry Veteran Brings Over 20 Years of Multifamily Expertise to the Role ARLINGTON, Va., July 23, 2025--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, announced today the appointment of Grant Montgomery as National Director of Multifamily Analytics. The hire will augment the company\u2019s already powerful analytics across the U.S. multifamily sector, adding value for CoStar Group clients and the commercial real estate industry as a whole. In his new role, Montgomery will serve as CoStar Group\u2019s industry-facing representative for the multifamily sector, delivering the company\u2019s data-driven perspective and outlook on the market. As CoStar Group\u2019s subject matter expert on all multifamily themes, trends, and topics, Montgomery will use his extensive knowledge to uphold CoStar Group\u2019s commitment to providing quality analytics and insights for clients and the industry. \""We are thrilled to have Grant, a demonstrated, multi-faceted researcher, leader and strategic advisor, join the team,\"" said Galina Alexeenko, Vice President, CoStar Group Market Analytics. \""Grant\u2019s vast experience in real estate research and operations, coupled with CoStar\u2019s unparalleled multifamily data and analytics, will provide our clients with insights into the multifamily market\u2019s key trends and developments. We welcome this outstanding addition to CoStar Group\u2019s analytics team.\"" Montgomery joins CoStar Group with more than 25 years of real estate research and consulting experience. Previously serving as Vice President of Research for Elme Communities, Montgomery led the development of strategic quantitative market analysis that supported the company\u2019s transformation into a multifamily REIT, directly influencing portfolio strategies. Prior to his time at Elme, he served as Senior Vice President and Apartment Practice Director at Delta Associates, delivering critical insights into market conditions to developers, lenders, and public agencies. Montgomery is a frequent speaker at industry events on multifamily market conditions. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world\u2019s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group\u2019s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group\u2019s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group\u2019s websites attracted over 141 million average monthly unique visitors in the second quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250723820610/en/ Contacts News Media: Matthew Blocher CoStar Group Corporate Marketing & Communications (202) 346-6775 mblocher@costar.com"", ""CoStar Group Second Quarter 2025 Earnings: Beats Expectations Revenue: US$781.3m (up 15% from 2Q 2024). Net income: US$6.20m (down 68% from 2Q 2024). Profit margin: 0.8% (down from 2.8% in 2Q 2024). The decrease in margin was driven by higher expenses. EPS: US$0.015 (down from US$0.047 in 2Q 2024). Trump has pledged to \""unleash\"" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates. Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in the US. Performance of the American Real Estate industry. The company's shares are up 6.9% from a week ago. You should always think about risks. Case in point, we've spotted 2 warning signs for CoStar Group you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned."", ""BMO Capital Adjusts Price Target on CoStar Group to $89 From $82, Maintains Market Perform Rating CoStar Group (CSGP) has an average rating of overweight and mean price target of $94.93, according t"", ""Why CoStar (CSGP) Stock Is Trading Up Today Shares of real estate data provider CoStar Group (NASDAQ:CSGP) jumped 6.6% in the afternoon session after the company reported strong second-quarter results that beat estimates and raised its full-year guidance. The company posted second-quarter revenue of $781.3 million, a 15% year-over-year increase that surpassed analyst expectations. While net income declined, investors focused on record net new bookings, which hit $93 million, signaling strong future demand. This was a 65% increase from the prior quarter and was driven by broad-based strength, including the best bookings quarter for Apartments.com in two years. CoStar also raised its full-year revenue forecast to between $3.135 billion and $3.155 billion and increased its adjusted EBITDA guidance. The positive results prompted several Wall Street analysts to raise their price targets on the stock. For instance, Goldman Sachs reiterated its Buy rating and $105 price target, while JPMorgan lifted its target to $101, citing the favorable growth outlook. The stock hit a new 52-week high during the session. Is now the time to buy CoStar? Access our full analysis report here, it\u2019s free. CoStar\u2019s shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today\u2019s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. CoStar is up 27.2% since the beginning of the year, and at $90.10 per share, has set a new 52-week high. Investors who bought $1,000 worth of CoStar\u2019s shares 5 years ago would now be looking at an investment worth $1,290. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we\u2019ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.""]"
CSGP,2025-07-25,93.38,93.65,92.3449,92.97,"[""CSGP Q2 Deep Dive: Product Expansion and Sales Force Investments Drive Momentum Real estate data provider CoStar Group (NASDAQ:CSGP) reported revenue ahead of Wall Street\u2019s expectations in Q2 CY2025, with sales up 15.3% year on year to $781.3 million. The company expects next quarter\u2019s revenue to be around $802.5 million, close to analysts\u2019 estimates. Its non-GAAP profit of $0.17 per share was 23.4% above analysts\u2019 consensus estimates. Is now the time to buy CSGP? Find out in our full research report (it\u2019s free). Revenue: $781.3 million vs analyst estimates of $772.2 million (15.3% year-on-year growth, 1.2% beat) Adjusted EPS: $0.17 vs analyst estimates of $0.14 (23.4% beat) Adjusted EBITDA: $85 million vs analyst estimates of $59.36 million (10.9% margin, 43.2% beat) The company slightly lifted its revenue guidance for the full year to $3.15 billion at the midpoint from $3.14 billion Adjusted EPS guidance for the full year is $0.78 at the midpoint, missing analyst estimates by 5% EBITDA guidance for the full year is $380 million at the midpoint, below analyst estimates of $383.5 million Operating Margin: -3.5%, down from -2.4% in the same quarter last year Market Capitalization: $39.38 billion CoStar\u2019s second quarter saw solid execution, with revenue and non-GAAP earnings both surpassing Wall Street expectations, prompting a positive reaction from the market. Management attributed this performance to strong growth across its core platforms\u2014including Apartments.com, Homes.com, and LoopNet\u2014driven by substantial investment in expanding sales capacity and ongoing product enhancements. CEO Andrew Florance highlighted the company\u2019s ability to deliver \u201c57 consecutive quarters of double-digit revenue growth,\u201d pointing to record net new bookings and high customer renewal rates as evidence of sustained demand, despite ongoing challenges in some segments of the commercial real estate market. Looking ahead, CoStar\u2019s updated guidance is shaped by continued investment in its sales organization and product innovation, with management emphasizing the importance of capturing further share in large addressable markets. The company expects Homes.com and Apartments.com to benefit from expanded sales teams and new features, while integration of Matterport\u2019s technology and the pending Domain acquisition are aimed at broadening its global footprint. CFO Christian Lown cautioned that some margin pressure may persist as \u201ctiming of investment spend\u201d shifts into the second half of the year, but management remains focused on driving profitable growth through strategic expansion and operational efficiency. Management identified sales force expansion, enhanced marketing, and new product features as central to the quarter\u2019s revenue growth and set the stage for further investment-driven momentum in the coming quarters. Sales force expansion: CoStar committed to increasing its core sales team by 20% and nearly tripling the Homes.com sales force by year-end. This initiative is intended to accelerate bookings growth and customer acquisition, especially in underpenetrated segments of residential and commercial real estate. Apartments.com performance: Apartments.com delivered notable revenue growth, supported by a robust marketing campaign, high customer renewal rates, and increased unaided brand awareness. Management cited the launch of AI-powered features and virtual tours as key to enhancing user engagement and maintaining competitive differentiation. Homes.com recovery and product evolution: Homes.com returned to positive sales growth following prior quarter churn, with a significant boost in membership and improved Net Promoter Score. The introduction of new features, targeted marketing campaigns, and the \u201cBoost\u201d product drove better agent engagement and provided a pathway for upselling basic users. LoopNet\u2019s monetization strategy: LoopNet benefited from a revised sales approach emphasizing portfolio-level advertising and asset-based pricing, resulting in increased monetization per listing and sequential acceleration in revenue growth. Management also highlighted the platform\u2019s international expansion with launches in Spain and an upcoming entry into France. Matterport integration and cost focus: Following the acquisition of Matterport, CoStar began integrating its digital twin technology across platforms and started winding down Matterport\u2019s noncore, loss-making operations. The company aims to shift Matterport\u2019s business model toward higher-margin, enterprise-focused offerings, leveraging CoStar\u2019s larger sales footprint to scale adoption. CoStar\u2019s outlook for the rest of the year centers on continued investment in sales and marketing, product enhancements, and expanding into new geographies, while managing margin pressures from these growth initiatives. Continued sales team growth: Management plans to sustain aggressive hiring, particularly for Homes.com and Apartments.com, to capture additional share in a large and fragmented market. This expansion is expected to drive further increases in net new bookings and revenue, though it may pressure margins in the near term. Product integration and innovation: The company is focused on deepening integration of Matterport\u2019s 3D imaging technology across its platforms and rolling out new features, such as AI-powered search and fee transparency tools. Management believes these enhancements will differentiate its offerings and improve client retention, supporting long-term revenue growth. International expansion and acquisitions: CoStar\u2019s pending acquisition of Domain in Australia and ongoing launches in Europe are expected to add new revenue streams and extend its global reach. However, management acknowledged integration risks and the need to adapt to local market dynamics as potential headwinds. Looking forward, our analysts will be monitoring (1) the pace and effectiveness of ongoing salesforce expansion, especially at Homes.com and Apartments.com; (2) traction and user adoption of new AI and 3D imaging features, including Matterport integration; and (3) progress on international growth initiatives, particularly the closing and integration of the Domain acquisition in Australia. Execution on these fronts will be key indicators of CoStar\u2019s ability to sustain growth and improve profitability. CoStar currently trades at $93.42, up from $85.04 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it\u2019s free). When Trump unveiled his aggressive tariff plan in April 2024, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that\u2019s already erased most losses. Don\u2019t let fear keep you from great opportunities and take a look at Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here."", ""Analyst Report: CoStar Group, Inc. 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.""]"
CSGP,2025-07-28,92.85,93.67,92.42,93.36,
CSGP,2025-07-29,93.69,95.655,93.49,95.59,"5 Insightful Analyst Questions From CoStar’s Q2 Earnings Call CoStar’s second quarter saw solid execution, with revenue and non-GAAP earnings both surpassing Wall Street expectations, prompting a positive reaction from the market. Management attributed this performance to strong growth across its core platforms—including Apartments.com, Homes.com, and LoopNet—driven by substantial investment in expanding sales capacity and ongoing product enhancements. CEO Andrew Florance highlighted the company’s ability to deliver “57 consecutive quarters of double-digit revenue growth,” pointing to record net new bookings and high customer renewal rates as evidence of sustained demand, despite ongoing challenges in some segments of the commercial real estate market. Is now the time to buy CSGP? Find out in our full research report (it’s free). Revenue: $781.3 million vs analyst estimates of $772.2 million (15.3% year-on-year growth, 1.2% beat) Adjusted EPS: $0.17 vs analyst estimates of $0.14 (23.4% beat) Adjusted EBITDA: $85 million vs analyst estimates of $59.36 million (10.9% margin, 43.2% beat) The company slightly lifted its revenue guidance for the full year to $3.15 billion at the midpoint from $3.14 billion Adjusted EPS guidance for the full year is $0.78 at the midpoint, missing analyst estimates by 5% EBITDA guidance for the full year is $380 million at the midpoint, below analyst estimates of $383.5 million Operating Margin: -3.5%, down from -2.4% in the same quarter last year Market Capitalization: $39.55 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Ryan Tomasello (KBW) asked about competitive dynamics for Apartments.com and pricing pressures from rivals like Zillow. CEO Andrew Florance responded that there is no observed wallet share loss or pricing weakness, emphasizing their differentiated business model and strong customer metrics. Stephen Sheldon (William Blair) inquired about drivers of improving Net Promoter Scores at Homes.com and areas for further ROI improvement. Florance attributed gains to a maturing sales team, better client education, and product enhancements like Matterport integration, while noting additional room for increased agent value. Peter Christiansen (Citi) questioned pricing strategy evolution across business lines, particularly for new offerings. Florance described a focus on driving penetration at lower prices initially, with plans to optimize average selling price as the product matures and market share increases. Curtis Nagle (BofA) sought clarity on Homes.com member growth and its role in forward guidance. CFO Christian Lown declined to provide specific member growth forecasts but reiterated that guidance reflects expected expansion and ongoing sales momentum. Alexei Gogolev (JPMorgan) asked about seasonality in commercial bookings and whether recent trends were typical. Florance and Lown explained that bookings in CoStar are generally stable year-round, with some segments like Apartments.com and potentially Homes.com exhibiting seasonal peaks. Looking forward, our analysts will be monitoring (1) the pace and effectiveness of ongoing salesforce expansion, especially at Homes.com and Apartments.com; (2) traction and user adoption of new AI and 3D imaging features, including Matterport integration; and (3) progress on international growth initiatives, particularly the closing and integration of the Domain acquisition in Australia. Execution on these fronts will be key indicators of CoStar’s ability to sustain growth and improve profitability. CoStar currently trades at $93.30, up from $85.04 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it’s free). Donald Trump’s April 2025 ""Liberation Day"" tariffs sent markets into a tailspin, but stocks have since rebounded strongly, proving that knee-jerk reactions often create the best buying opportunities. The smart money is already positioning for the next leg up. Don’t miss out on the recovery - check out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here."
CSGP,2025-07-30,95.51,97.15,95.14,96.25,"[""CoStar Sues Zillow For Rampant Copyright Infringement CoStar sues Zillow for publishing more than 46,000 of CoStar\u2019s copyrighted photographs on Zillow.com and its partner sites, rendering Zillow potentially liable for more than a billion dollars in damages NEW YORK, July 30, 2025--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology, filed a lawsuit in New York federal court today alleging rampant copyright infringement by Zillow. The infringement could hardly be more brazen. The complaint shows that Zillow is unlawfully exploiting tens of thousands of CoStar Group\u2019s watermarked photographs on its sites and on Redfin and Realtor.com, making this one of the largest, if not the largest, image infringement cases in history. Since its founding, CoStar Group has invested billions of dollars in creating the most comprehensive database of real estate information. As part of its efforts, CoStar Group has built the world\u2019s largest library of real estate photographs. Over decades, CoStar Group has employed or hired thousands of professional photographers who have created millions of real estate images, which are owned and copyrighted by CoStar Group. CoStar Group\u2019s team of dedicated architectural photographers takes, and the company copyrights, over two million original real estate photos annually. Rather than invest in its own website, people, and intellectual property, Zillow has engaged in rampant copyright infringement. Zillow has published more than 46,000 CoStar Group images, many with the distinctive CoStar watermark, displaying those images more than 250,000 times on Zillow alone. Zillow\u2019s mass infringement is compounded by Zillow\u2019s recent partnerships with its purported competitors, Redfin and Realtor.com, under which Zillow is the sole provider of multifamily listings on all three websites. Zillow is amplifying its infringement by publishing CoStar\u2019s images on both Redfin and Realtor.com. There is no question that Zillow\u2019s misconduct is deliberate. Zillow is a repeat offender that has been found to infringe images before: the listings platform had to pay millions of dollars after a jury found Zillow liable for copyright infringement claims brought by real estate photography studio VHT, Inc. Andy Florance, CoStar\u2019s Founder and CEO, said: \""Zillow\u2019s theft of tens of thousands of CoStar Group\u2019s copyrighted photographs is nothing short of outrageous. Zillow is profiting from decades of CoStar Group work and the billions of dollars we have invested. Even worse, Zillow is magnifying its infringement on Redfin and Realtor.com. If these other sites do not immediately remove our images, we will have no choice but to sue them as well. We are committed to stopping this systematic infringement and holding the wrongdoers to account.\"" About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world\u2019s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group\u2019s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group\u2019s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group\u2019s websites attracted over 141 million average monthly unique visitors in the second quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250730776690/en/ Contacts Investor Relations: Rich Simonelli Head of Investor Relations CoStar Group Investor Relations (973) 896-8184 rsimonelli@costar.com News Media: Matthew Blocher Vice President CoStar Group Corporate Marketing & Communications (202) 346-6775 mblocher@costar.com"", ""Zillow is the target of a massive infringement lawsuit that could force it to pay north of $1 billion in damages The owner of Homes.com is suing Zillow for allegedly infringing more than 46,000 copyrighted photos. The suit seeks \u201ca substantial award of damages,\u201d which could top $1 billion. CoStar\u2019s CEO also threatened Realtor.com and Redfin with similar suits. CoStar Group, the owner of Homes.com, Apartments.com, and several other real-estate websites, is suing Zillow, alleging the company has displayed tens of thousand of copyrighted photos on its sites. The suit, filed in U.S. District Court in the Southern District of New York, claims Zillow has displayed nearly 47,000 CoStar-copyrighted images on Zillow.com. CoStar is asking for permanent injunctive relief as well as \u201ca substantial award of damages,\u201d which could top $1 billion. \u201cZillow\u2019s theft of tens of thousands of CoStar Group\u2019s copyrighted photographs is nothing short of outrageous,\u201d Andy Florance, CoStar\u2019s founder and CEO, said in a statement. \u201cZillow is profiting from decades of CoStar Group work and the billions of dollars we have invested. \u2026 We are committed to stopping this systematic infringement and holding the wrongdoers to account.\u201d Zillow, which was sued earlier this month for antitrust, did not immediately reply to Fortune\u2018s request for comment on the suit. CoStar says it has, for decades, employed thousands of professional photographers to take pictures of residential and commercial real estate, licensing those photos to brokers, property owners and more. The photos, it says, are registered with the U.S. Copyright Office and watermarked. Zillow, the company alleges, has been using those without paying for them. Rental listings seem to be at the heart of the complaint. Because many photos appear on multiple listings and pages, CoStar says they were displayed more than 250,000 times. The suit also alleges the photos appear on Realtor.com and Redfin, which are owned by separate companies. CoStar accused Zillow of distributing the photos to those sites via a syndication agreement. (Neither of those sites is included in the suit, but Florance said \u201cif these other sites do not immediately remove our images, we will have no choice but to sue them as well.\u201d) \u201cZillow has unlawfully published and used tens of thousands of CoStar\u2019s copyrighted images to attempt to increase its standing in the online rental listings market,\u201d the suit reads. \u201cWhile Zillow may try to blame its customers, it is Zillow itself that is using CoStar\u2019s images to build its products and earn revenue.\u201d CoStar has prevailed in this battle before. In 2019, it secured a $500 million judgment from the bankruptcy estate of Xceligent, a now-defunct real-estate listing platform, over the use of 38,489 copyrighted photos. The $1 billion estimate is drawn from the larger number of photos and appearances in the allegations. This story was originally featured on Fortune.com"", ""BMO Capital Adjusts CoStar Price Target to $82 From $77, Maintains Market Perform Rating CoStar Group (CSGP) has an average rating of overweight and mean price target of $97.14, according t""]"
CSGP,2025-07-31,96.1,96.73,94.77,95.19,
CSGP,2025-08-01,94.7,95.345,93.7,94.6,"Baron Asset Fund’s Comments on CoStar Group (CSGP) Baron Funds, an investment management company, released its “Baron Asset Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. stocks rose amid volatility caused by tariff policies and Middle East tensions. Early April risk-off sentiment was fueled by Trump’s “Liberation Day” tariffs, seen as more severe than expected. U.S. equities rose after April 8, driven by favorable trade news, strong earnings, dovish Fed signals, and AI momentum, reaching record highs by quarter’s end. During the second quarter, the fund was up 7.85% (Institutional Shares) compared to an 18.20% gain for the Russell Midcap Growth Index. In addition, please check the fund’s top five holdings to know its best picks in 2025. In its second-quarter 2025 investor letter, Baron Asset Fund highlighted stocks such as CoStar Group, Inc. (NASDAQ:CSGP). CoStar Group, Inc. (NASDAQ:CSGP) is an information, analytics, and online marketplace services provider for commercial and residential property markets. The one-month return of CoStar Group, Inc. (NASDAQ:CSGP) was 15.92%, and its shares gained 26.46% of their value over the last 52 weeks. On July 31, 2025, CoStar Group, Inc. (NASDAQ:CSGP) stock closed at $95.19 per share with a market capitalization of $40.327 billion. Baron Asset Fund stated the following regarding CoStar Group, Inc. (NASDAQ:CSGP) in its second quarter 2025 investor letter: An elegant residential building set against the modern skyline. CoStar Group, Inc. (NASDAQ:CSGP) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held CoStar Group, Inc. (NASDAQ:CSGP) at the end of the first quarter, which was 56 in the previous quarter. In the second quarter of 2025, CoStar Group, Inc. (NASDAQ:CSGP) reported revenue of $781 million, representing a strong 15% increase from Q2 2024. While we acknowledge the potential of CoStar Group, Inc. (NASDAQ:CSGP) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered CoStar Group, Inc. (NASDAQ:CSGP) and shared the list of stock predictions that Jim Cramer got right. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey."
CSGP,2025-08-04,95.53,96.875,94.96,96.83,
CSGP,2025-08-05,96.89,97.43,96.03,96.56,
CSGP,2025-08-06,97.19,97.4,96.08,96.29,
CSGP,2025-08-07,96.83,97.1244,95.25,95.34,
CSGP,2025-08-08,95.53,96.27,94.34,94.5,"Homes.com Report: Moderate Home Price Appreciation Continued in July. Nationally, the Median Home Price Was up 2.1% From a Year Ago. The combination of higher for-sale inventory and ongoing affordability challenges has dampened price appreciation this year. ARLINGTON, Va., August 08, 2025--(BUSINESS WIRE)--Homes.com, a CoStar Group leading online residential marketplace, released a new report today analyzing home price trends in July (based on the data collected to date), including price trends across major metros and house types. Preliminary price data for June showed a 2.1% increase in the median home price nationally, consistent with this year’s trend of moderating home price growth. Over the past six months, year-over-year price growth has averaged 2.0%, down from 4.5% during the previous six-month period. The median home price rose by $8,000 from July of last year to $393,000. The median prices of townhomes and condos declined slightly compared to last July. Market conditions continued to shift toward a buyer’s market. July Homes.com data reveals inventory levels increased 26% nationally compared to July 2024. However, mortgage rates remain stubbornly high, keeping affordability at historically low levels. As the market shifts, buyers are becoming more selective and negotiating harder, while sellers are adjusting expectations and offering price reductions. Regionally, the Midwest and parts of the Northeast experienced the highest home price appreciation. Seven of the 10 major metros with the biggest price increases were in the Midwest. Several key metros in the Northeast also outperformed the nation in June. However, 11 of the 40 largest metros saw outright year-over-year declines in the median home price. Seven of those markets were in the South, where elevated inventory and weaker demand continue to weigh on the market. The data shared in this report could change slightly once all home sales are accounted for. Erika Ludvigsen, National Director of Residential Analytics at Homes.com, is available for interviews to provide insights on the data and the residential real estate market in general. For more information and insights on the latest home buying and selling market trends, visit Homes.com. About Homes.com Homes.com is the fastest-growing residential real estate marketplace and the second largest portal in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021. Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members are winning 60% more listings* because they offer the home sellers a real estate portal that works for them not against them. The Homes.com Network reached an audience of 111 million average monthly unique visitors in the second quarter ending June 30, 2025.** Consumer brand awareness skyrocketed from 4% to 33% in just one year since CoStar Group launched the industry’s largest marketing campaign to date in February 2024, reintroducing the platform to the market. For more information, visit Homes.com. *Based on internal analyses comparing Members to non-Members on Homes.com. ** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors for the quarter ended June 30, 2025, according to Google Analytics. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted over 141 million average monthly unique visitors in the second quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250808378549/en/ Contacts Media Contact: News Media Contact Matthew Blocher CoStar Group (202) 346-6775 mblocher@costargroup.com"
CSGP,2025-08-11,94.23,94.95,92.33,92.5,
CSGP,2025-08-12,92.82,92.985,87.78,88.46,
CSGP,2025-08-13,89.15,89.2992,84.57,87.56,
CSGP,2025-08-14,87.34,89.32,87.17,87.97,"CoStar Group (CSGP) Loses on 6th Day on Investor Caution We recently published 10 Stocks That Vanished in Value CoStar Group, Inc. (NASDAQ:CSGP) is one of the worst-performing stocks on Tuesday. CoStar Group extended its losing streak to a 6th consecutive session on Tuesday, shedding 4.37 percent to close at $88.46 as investors continued to exercise caution over a legal case involving the company. Just recently, the company slapped real estate marketplace firm Zillow with a copyright infringement lawsuit and sought damages that could be worth more than $1 billion. The case stemmed from claims that Zillow published more than 46,000 copyrighted images, which CoStar Group, Inc. (NASDAQ:CSGP) owns. According to the latter, the images appeared more than 250,000 times on the Zillow platform. “CoStar Group has built the world’s largest library of real estate photographs. Over decades, CoStar Group has employed or hired thousands of professional photographers who have created millions of real estate images, which are owned and copyrighted by CoStar Group. CoStar Group’s team of dedicated architectural photographers takes, and the company copyrights, over two million original real estate photos annually,” it said. Copyright: oscity / 123RF Stock Photo Additionally, CoStar Group, Inc. (NASDAQ:CSGP) claimed that Zillow has been distributing photos under syndication agreements with Realtor.com and Redfin. The companies have yet to release a statement regarding the issue. While we acknowledge the potential of CSGP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock."
CSGP,2025-08-15,87.97,89.72,87.725,89.66,
CSGP,2025-08-18,89.265,89.5,88.1,88.16,"1 S&P 500 Stock to Own for Decades and 2 We Avoid The S&P 500 (^GSPC) is home to the biggest and most well-known companies in the market, making it a go-to index for investors seeking stability. But not all large-cap stocks are created equal - some are struggling with slowing growth, declining margins, or increased competition. Picking the right S&P 500 stocks requires more than just buying big names, and that’s where StockStory comes in. Keeping that in mind, here is one S&P 500 stock that is leading the market forward and two that may struggle. Market Cap: $37.98 billion With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. Why Do We Think Twice About CSGP? At $88.95 per share, CoStar trades at 83.6x forward P/E. Check out our free in-depth research report to learn more about why CSGP doesn’t pass our bar. Market Cap: $44.33 billion With roots dating back to 1919 when it began as a small insurance agency in Shanghai, China, AIG (NYSE:AIG) is a global insurance organization that provides commercial and personal insurance solutions to businesses and individuals across more than 200 countries. Why Is AIG Risky? AIG’s stock price of $80.69 implies a valuation ratio of 1.1x forward P/B. Read our free research report to see why you should think twice about including AIG in your portfolio, it’s free. Market Cap: $59.05 billion Born from a desire to offer quick meals with fresh, flavorful ingredients, Chipotle (NYSE:CMG) is a fast-food chain known for its healthy, Mexican-inspired cuisine and customizable dishes. Why Are We Bullish on CMG? Chipotle is trading at $44.07 per share, or 33.5x forward P/E. Is now the time to initiate a position? Find out in our full research report, it’s free. When Trump unveiled his aggressive tariff plan in April 2025, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that’s already erased most losses. Don’t let fear keep you from great opportunities and take a look at Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here."
CSGP,2025-08-19,88.23,89.395,87.645,88.95,
CSGP,2025-08-20,89.0,89.56,88.21,88.25,"Data & Business Process Services Stocks Q2 Highlights: CoStar (NASDAQ:CSGP) As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the data & business process services industry, including CoStar (NASDAQ:CSGP) and its peers. A combination of increasing reliance on data and analytics across various industries and the desire for cost efficiency through outsourcing could mean that companies in this space gain. As functions such as payroll, HR, and credit risk assessment rely on more digitization, key players in the data & business process services industry could be increased demand. On the other hand, the sector faces headwinds from growing regulatory scrutiny on data privacy and security, with laws like GDPR and evolving U.S. regulations potentially limiting data collection and monetization strategies. Additionally, rising cyber threats pose risks to firms handling sensitive personal and financial information, creating outsized headline risk when things go wrong in this area. The 9 data & business process services stocks we track reported a mixed Q2. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was 0.6% below. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. CoStar reported revenues of $781.3 million, up 15.3% year on year. This print exceeded analysts’ expectations by 1.2%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ EPS guidance for next quarter estimates. CoStar achieved the fastest revenue growth of the whole group. Unsurprisingly, the stock is up 5% since reporting and currently trades at $89.26. Read our full report on CoStar here, it’s free. Powering billions of critical customer interactions annually, CSG Systems (NASDAQ:CSGS) provides cloud-based software platforms that help companies manage customer interactions, process payments, and monetize their services. CSG reported revenues of $297.1 million, up 2.3% year on year, outperforming analysts’ expectations by 1.9%. The business had a very strong quarter with full-year revenue guidance exceeding analysts’ expectations and a beat of analysts’ EPS estimates. CSG achieved the highest full-year guidance raise among its peers. However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $62.54. Is now the time to buy CSG? Access our full analysis of the earnings results here, it’s free. Processing over $10 trillion in equity and fixed income trades daily and managing proxy voting for over 800 million equity positions, Broadridge Financial Solutions (NYSE:BR) provides technology-driven solutions that power investing, governance, and communications for banks, broker-dealers, asset managers, and public companies. Broadridge reported revenues of $2.07 billion, up 6.2% year on year, in line with analysts’ expectations. It was a slower quarter as it posted revenue guidance for next quarter meeting analysts’ expectations. Interestingly, the stock is up 7.9% since the results and currently trades at $268. Read our full analysis of Broadridge’s results here. Originally founded as an outsourcing company in 1999 before evolving into a technology-focused enterprise, EXL (NASDAQ:EXLS) provides data analytics and AI-powered digital operations solutions that help businesses transform their operations and make better decisions. EXL reported revenues of $514.5 million, up 14.7% year on year. This result surpassed analysts’ expectations by 1.6%. Overall, it was a strong quarter as it also produced a beat of analysts’ EPS estimates and full-year EPS guidance in line with analysts’ estimates. The stock is up 2.4% since reporting and currently trades at $43.20. Read our full, actionable report on EXL here, it’s free. Processing over 2.8 billion insurance transaction records annually through one of the world's largest private databases, Verisk Analytics (NASDAQ:VRSK) provides data, analytics, and technology solutions that help insurance companies assess risk, detect fraud, and make better business decisions. Verisk reported revenues of $772.6 million, up 7.8% year on year. This number met analysts’ expectations. Aside from that, it was a mixed quarter as it also recorded a beat of analysts’ EPS estimates but a miss of analysts’ full-year EPS guidance estimates. Verisk had the weakest performance against analyst estimates among its peers. The stock is down 7.8% since reporting and currently trades at $271.11. Read our full, actionable report on Verisk here, it’s free. In response to the Fed’s rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed’s 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump’s presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here."
CSGP,2025-08-21,87.68,88.66,87.49,88.36,"[""CoStar Group Stock: Analyst Estimates & Ratings Arlington, Virginia-based CoStar Group, Inc. (CSGP) operates as an information services provider to the commercial real estate industry. With a market cap of $37.7 billion, the company offers information, analytics, and online marketplace services in the Americas, Europe, and the Indo-Pacific. The real estate major has notably outperformed the broader market over the past year. CSGP stock has surged 17.9% over the past 52 weeks and 23.3% on a YTD basis, compared to the S&P 500 Index\u2019s ($SPX) 14.3% gains over the past year and 8.7% returns in 2025. The Quantum Computing Race Is On: These 2 Stocks Appear Poised to Lead Should You Buy the Pullback in Palantir Stock Today? Michael Burry is Betting Big on This 1 S&P 500 Stock That\u2019s Down 40% in 2025 Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Narrowing the focus, CoStar has also outperformed the sector-focused Real Estate Select Sector SPDR Fund\u2019s (XLRE) marginal 76 bps dip over the past year and 2.8% uptick in 2025. CoStar Group\u2019s stock prices surged 6.9% in the trading session following the release of its impressive Q2 results on Jul. 22 and maintained a positive momentum for the next five trading sessions. Driven by its continued business momentum, Q2 2025 marked the 57th consecutive quarter of double-digit topline growth. CoStar\u2019s revenues for the quarter surged 15.2% year-over-year to $781 million, surpassing the Street expectations by 1.3%. Further, the company\u2019s adjusted EBITDA skyrocketed 107.3% year-over-year to $85 million. Meanwhile, its adjusted EPS increased 13.3% year-over-year to $0.17, exceeding the consensus estimates. For the full fiscal 2025, ending in December, analysts expect CSGP to deliver an adjusted EPS of $0.80, up 9% year-over-year. Moreover, the company has a robust earnings surprise history. It has surpassed the Street\u2019s bottom-line estimates in each of the past four quarters. The stock has a consensus \u201cModerate Buy\u201d rating overall. Of the 15 analysts covering the CSGP stock, opinions include eight \u201cStrong Buys,\u201d two \u201cModerate Buys,\u201d four \u201cHolds,\u201d and one \u201cStrong Sell.\u201d This configuration has remained mostly stable in the recent months. On Aug. 23, BMO Capital analyst Jeffrey Silber reiterated a \""Market Perform\u201d rating on CSGP and raised the price target from $82 to $89. As of writing, CSGP\u2019s mean price target of $94.92 represents a 7.6% premium to current price levels. Meanwhile, the street-high target of $105 suggests a notable 19% upside potential. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com"", ""Why Is CoStar (CSGP) Down 3% Since Last Earnings Report? It has been about a month since the last earnings report for CoStar Group (CSGP). Shares have lost about 3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is CoStar due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for CoStar Group, Inc. before we dive into how investors and analysts have reacted as of late. CoStar Group reported non-GAAP earnings of 17 cents per share in the second quarter of 2025, which surpassed the Zacks Consensus Estimate by 21.43%. The company registered earnings of 15 cents per share in the year-ago quarter, increasing 13.3% year over year. Revenues of $781.3 million beat the Zacks Consensus Estimate by 1.25% and increased 15.3% year over year. This represents the company\u2019s 57th consecutive quarter of double-digit revenue growth. The upside was driven by robust performance in key segments. CoStar\u2019s revenues (34.7% of revenues) of $270.9 million beat the consensus estimate by 1.12% and increased 7.1% year over year. In the second quarter of 2025, CoStar Group sites reached 141 million average monthly unique visitors, while the Homes.com Network attracted 111 million. Information Services\u2019 revenues (5% of revenues) of $39.3 million beat the consensus mark by 6.97% and increased 17.7% year over year. Multifamily revenues (37.4% of revenues) of $292 million missed the consensus estimate by 0.33% but increased 10.6% year over year. LoopNet\u2019s revenues (9.7% of revenues) of $75.7 million beat the consensus mark by 1.41% and increased 8.5% year over year. Second-quarter residential revenues (3.6% of revenues) were $28.4 million, which missed the consensus mark by 8.45% and increased 8.4% year over year. Other marketplace revenues (9.6% of revenues) of $74.7 million beat the consensus mark by 48.81% and increased 139.4% year over year. In the reported quarter, selling and marketing expenses increased 10.2% year over year to $394.9 million. As a percentage of revenues, selling and marketing expenses were 50.5% compared with 52.9% in the year-ago quarter. General and administrative expenses, as a percentage of revenues, contracted 60 basis points (bps) on a year-over-year basis to 15.6%. Software development expenses, as a percentage of revenues, expanded 70 bps, while Customer base amortization expenses rose 190 basis points year over year. Operating expenses increased 14.8% year over year to $640.7 million. As a percentage of revenues, operating expenses decreased 30 bps year over year to 82%. Adjusted EBITDA was $85 million compared with the year-ago quarter\u2019s $40.8 million. The adjusted EBITDA margin expanded 490 bps to 10.9%. CoStar reported cash and cash equivalents of $3.62 billion as of June.30, 2025, compared with $3.68 billion as of March 31, 2025. The company had a long-term debt of $992.5 million as of June 30, 2025, compared with $992.2 million as of March 31, 2025. Cash generated by operating activities was $199.7 million in the reported quarter compared with $53.2 million in the previous quarter. For the third quarter of 2025, the company expects revenues between $800 million and $805 million, indicating year-over-year growth of 16% at the mid-point. The company anticipates adjusted EBITDA between $75 million and $85 million for the third quarter of 2025. For 2025, revenues are expected to be between $3.135 billion and $3.155 billion, indicating year-over-year growth of 15% at the mid-point. The company anticipates adjusted EBITDA between $370 million and $390 million for 2025. Since the earnings release, investors have witnessed a downward trend in estimates revision. The consensus estimate has shifted -35.9% due to these changes. Currently, CoStar has a poor Growth Score of F, however its Momentum Score is doing a lot better with a C. However, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for value investors. Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, CoStar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CoStar Group, Inc. (CSGP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research""]"
CSGP,2025-08-22,88.52,91.5,88.52,91.22,"3 Reasons CSGP is Risky and 1 Stock to Buy Instead CoStar’s 14.2% return over the past six months has outpaced the S&P 500 by 7.7%, and its stock price has climbed to $88.47 per share. This run-up might have investors contemplating their next move. Is there a buying opportunity in CoStar, or does it present a risk to your portfolio? See what our analysts have to say in our full research report, it’s free. We’re happy investors have made money, but we don't have much confidence in CoStar. Here are three reasons why there are better opportunities than CSGP and a stock we'd rather own. Analyzing the long-term change in earnings per share (EPS) shows whether a company's incremental sales were profitable – for example, revenue could be inflated through excessive spending on advertising and promotions. Sadly for CoStar, its EPS declined by 3.7% annually over the last five years while its revenue grew by 14%. This tells us the company became less profitable on a per-share basis as it expanded. Free cash flow isn't a prominently featured metric in company financials and earnings releases, but we think it's telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king. As you can see below, CoStar’s margin dropped by 13.8 percentage points over the last five years. It may have ticked higher more recently, but shareholders are likely hoping for its margin to at least revert to its historical level. If the longer-term trend returns, it could signal it is in the middle of an investment cycle. CoStar’s free cash flow margin for the trailing 12 months was 2%. ROIC, or return on invested capital, is a metric showing how much operating profit a company generates relative to the money it has raised (debt and equity). We like to invest in businesses with high returns, but the trend in a company’s ROIC is what often surprises the market and moves the stock price. Over the last few years, CoStar’s ROIC has unfortunately decreased significantly. Paired with its already low returns, these declines suggest its profitable growth opportunities are few and far between. CoStar isn’t a terrible business, but it doesn’t pass our bar. With its shares beating the market recently, the stock trades at 82.4× forward P/E (or $88.47 per share). This valuation tells us a lot of optimism is priced in - we think there are better stocks to buy right now. We’d suggest looking at the most entrenched endpoint security platform on the market. When Trump unveiled his aggressive tariff plan in April 2025, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that’s already erased most losses. Don’t let fear keep you from great opportunities and take a look at Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here."
CSGP,2025-08-25,90.86,91.48,90.29,90.51,
CSGP,2025-08-26,90.37,90.585,88.83,89.37,
CSGP,2025-08-27,89.12,89.66,88.14,89.45,"[""CoStar Group Completes Acquisition of Domain, Ushering in a New Era of Innovation for Australia\u2019s Property Market CoStar Group\u2019s acquisition of Domain expected to bring greater value and competition to agents, vendors, and homebuyers across Australia. SYDNEY & ARLINGTON, Va., August 27, 2025--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics and 3D digital twin technology in the property markets, announced today the successful completion of its acquisition of Domain Holdings Australia Limited (\""Domain\""), one of Australia\u2019s leading property marketplaces. This transformative acquisition will combine CoStar Group\u2019s proven global scale, technology leadership, and pro-agent approach with Domain\u2019s deep expertise and strong portfolio of trusted Australian property brands. \""Today marks an important milestone as CoStar Group and Domain officially come together to redefine the Australian property market,\"" said Andy Florance, Founder and Chief Executive Officer of CoStar Group. \""For too long, agents, buyers and vendors have faced an unbalanced marketplace dominated by an intention to extract value rather than deliver it. Our vision is different. We are building a more compelling user experience at a lower cost \u2013 driving greater value for agents, vendors, and buyers alike. We are the agent\u2019s ally, and we will never operate at their expense.\"" Domain reaches an average of 7 million Australians each month, making it one of the country\u2019s most recognized and trusted property platforms. By pairing Domain\u2019s brand strength and local expertise with CoStar Group\u2019s innovation, marketing scale, and investment capacity, Domain will be uniquely positioned to drive much-needed competition. \""Agents and vendors are being squeezed by legacy models that raise prices without raising value,\"" continued Florance. \""That ends here. CoStar Group\u2019s entry into Australia is about creating a sustainable, pro-agent, pro-buyer and pro-vendor marketplace \u2013 one that invests in better content, better tools, more traffic, and a superior user experience, while lowering costs. We dismantled market dominance in the U.S. by transforming Homes.com into a true agent-friendly platform, and we are ready to apply that same proven playbook in Australia.\"" Jason Pellegrino, President of Domain, said, \""This transaction reinforces the strong fundamentals of Domain and represents compelling value for customers. With CoStar Group, we believe Domain will accelerate its ability to deliver innovative solutions and greater opportunities for customers, while maintaining its trusted place in the Australian property market.\"" CoStar Group and Domain are committed to further investing in innovation, digital tools, and customer experience enhancements that empower agents and deliver meaningful value to sellers and buyers. With the acquisition complete, CoStar Group will now work closely with Domain to ensure a seamless integration and accelerate the rollout of enhanced technology and customer solutions in Australia. \""The opportunity in Australia is vast, and our commitment is clear: to deliver more, for less, and to be the partner agents and sellers deserve,\"" concluded Florance. \""Together, CoStar Group and Domain will set a new standard for fairness, innovation, and competition in the Australian real estate industry.\"" About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world\u2019s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group\u2019s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia\u2019s leading property marketplaces CoStar Group\u2019s industry leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group\u2019s websites attracted over 141 million average monthly unique visitors in the second quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, CoStar Group plans to utilize its corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. Forward Looking Statements This press release contains \""forward-looking statements\"" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about the anticipated benefits of the Domain acquisition, investment in innovation, digital tools, and customer experience enhancements in Australia and other statements including words such as \""expect,\"" \""will\"" and similar words or phrases. Such statements are based upon the current beliefs and expectations of management of CoStar Group and are subject to many risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements. The following factors, among others, could cause or contribute to such differences: our inability to attract and retain new clients; our inability to successfully develop and introduce new or updated online marketplace services, information, and analytics; our inability to compete successfully against existing or future competitors in attracting advertisers and in general; the effects of fluctuations and market cyclicality; the effects of global economic uncertainties and downturns or a downturn or consolidation in the real estate industry; our inability to hire qualified persons for, or retain and continue to develop our sales force, or unproductivity of our sales force; our inability to retain and attract highly capable management and operating personnel; the downward pressure that our internal and external investments may place on our operating margins; our inability to increase brand awareness; our inability to maintain or increase internet traffic to our marketplaces, and the risk that the methods, including Google Analytics, that we use to measure average monthly unique visitors to our portals may misstate the actual number of unique persons who visit our network of mobile applications and websites for a given month or may differ from the methods used by competitors; our inability to successfully integrate the Domain acquisition and achieve the expected benefits of the Domain acquisition and our inability to successfully identify, finance, integrate, and/or manage costs related to future acquisitions; our inability to maintain or establish relationships with third-party listing providers; our inability to comply with the rules and compliance requirements of Multiple Listing Services; risks related to international operations; and the effects of foreign currency exchange rate fluctuations. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar Group\u2019s filings from time to time with the Securities and Exchange Commission, including CoStar Group\u2019s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. View source version on businesswire.com: https://www.businesswire.com/news/home/20250827738439/en/ Contacts Investor Relations: Rich Simonelli Head of Investor Relations CoStar Group Investor Relations (973) 896-8184 getrich@costar.com News Media: Matthew Blocher Vice President CoStar Group Corporate Marketing & Communications (202) 346-6775 mblocher@costar.com"", ""CoStar Group Completes Acquisition of Domain Holdings Australia CoStar Group (CSGP) said Wednesday that it has completed its acquisition of Australian property plat""]"
CSGP,2025-08-28,89.52,90.6,88.71,90.33,
CSGP,2025-08-29,90.14,90.5395,89.11,89.49,
CSGP,2025-09-02,88.87,88.98,87.48,88.12,"Deutsche Bank Adjusts Price Target on CoStar Group to $99 From $92, Maintains Buy Rating CoStar Group (CSGP) has an average rating of overweight and mean price target of $97.64, according t"
CSGP,2025-09-03,88.1,88.82,87.35,87.81,"Constellation downgraded, Chipotle upgraded: Wall Street's top analyst calls The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly. Top 5 Upgrades: Rothschild & Co Redburn upgraded Chipotle (CMG) to Buy from Neutral with a $55 price target. The firm says the correction in the shares reflects cyclical softness in Chipotle's growth rather than structural weakness in its growth model. Argus upgraded Wynn Resorts (WYNN) to Buy from Hold with a $145 price target. The firm is positive on the company's prospects for share gains and its leadership position in the Las Vegas market. Needham upgraded TransUnion (TRU) to Buy from Hold with a $115 price target. The company is positioned for a strong second half of 2025 and 2026 due to momentum with its financial technology clients, an improving outlook in India, and mortgage inquiry reprieve as rates are finally ""heading in the right direction,"" the firm tells investors in a research note. Bernstein upgraded HubSpot (HUBS) to Outperform from Market Perform with an unchanged price target of $606. The firm sees a more favorable risk/reward with the company's macro issues stabilizing and the stock's valuation having come down. Morgan Stanley upgraded Kraft Heinz (KHC) to Equal Weight from Underweight with a price target of $29, up from $28. The firm's prior underweight thesis has ""largely played out"" and estimates for the stock are now ""more reasonable."" Top 5 Downgrades: BNP Paribas Exane downgraded Constellation Brands (STZ) to Underperform from Neutral with a price target of $123, down from $181, following the company's FY26 guidance cut. The firm's ""increasingly bearish thesis"" is based on persisting, structurally skewed demand issues, notes the firm, which sees long-term beer operating margins as the ""next shoe to drop"" as volume pressures continue. Rothschild & Co Redburn downgraded Accenture (ACN) to Neutral from Buy with a $250 price target. The company's fiscal Q3 organic revenue growth rate of 5% indicates that while it is benefiting from generative artificial intelligence on consulting, there may be other areas of the business where growth is slowing to offset this. Truist downgraded Six Flags (FUN) to Hold from Buy with a price target of $27, down from $45, following Q2 earnings. After the report, the firm lowered its 2025 EBITDA projection and now projects an 80c per share loss for 2025. Citi downgraded Academy Sports (ASO) to Neutral from Buy with a price target of $50, down from $55. The firm says the company's positive comparable sales in Q2 were offset by weaker than expected gross margins. BofA downgraded Phillips 66 (PSX) to Neutral from Buy with a price target of $147, up from $144. The firm still sees sum-of-the-parts value embedded in their midstream, but the natural gas liquids outlook has ""grown dimmer"" this year with less U.S. liquids growth expected and downstream overbuild beginning, the firm tells investors. Top 5 Initiations: Wolfe Research initiated coverage of Verisk Analytics (VRSK) with an Outperform rating and $320 price target, which offers 21% upside. The firm says the company's strong structural position, recurring revenue growth profile, industry-leading margins, and growth opportunities from areas such as extreme events and property estimating warrant a premium valuation relative to peers. Wolfe Research initiated coverage of CoStar Group (CSGP) with an Outperform rating and $105 price target, which represents 19% upside. The company's investment returns on Homes.com, continued strength in Apartments.com, and stable growth in LoopNet and CoStar Suite can support low-double-digit to low teens sales growth over the medium-term, with operating leverage leading to material margin expansion and EBITDA dollar growth, the firm tells investors in a research note. Wolfe Research initiated coverage of Gartner (IT) with a Peer Perform rating and no price target. Wolfe believes the stock will remain range-bound over the near-term given concerns on client budgets and AI disintermediation. Goldman Sachs reinstated coverage of Arthur J. Gallagher (AJG) with a Buy rating and $344 price target, which represents a 15% total return opportunity. The firm expects the company's AssuredPartners acquisition to be high-single-digit accretive to 2027 earnings estimates. B. Riley initiated coverage of Scholastic (SCHL) with a Buy rating and $37 price target. The firm likes the company's ""powerful"" brand, diverse portfolio of content intellectual property, and ""unique"" school-based distribution channels."
CSGP,2025-09-04,88.16,89.16,87.55,89.1,
CSGP,2025-09-05,89.77,91.88,89.15,89.46,"Apartments.com Releases Multifamily Rent Growth Report for August 2025 National rent growth decelerates as supply pressures persist ARLINGTON, Va., September 05, 2025--(BUSINESS WIRE)--Today, Apartments.com, an industry-leading online marketplace of CoStar Group (NASDAQ: CSGP), published its latest report on multifamily rent trends for August 2025. U.S. apartment rents declined in August, with the national average falling to $1,713 — a 0.23% decrease from July’s revised rent of $1,719. This marks the second consecutive month of flat or negative monthly rent change and the first time since January that the national average has declined by more than 20 basis points. Annual rent growth slowed further to 1.0%, down from 1.1% in July and 1.5% at the start of the year. Apartment rent growth typically follows a seasonal pattern, with acceleration in the spring and a slowdown in late summer and fall. While month-over-month declines are expected during this period, the recent year-over-year slowdown—which adjusts for seasonality—signals a more pronounced softening in the market. Notably, the decline in rents from their peak through August 2025 is sharper than in 2024, both in absolute dollars and in percentage terms, underscoring that this year's pullback exceeds typical seasonal patterns and reinforces the broader trend of moderation in rent growth. Although the national average remains above levels from a year ago, elevated supply pressures continue to weigh on rent growth momentum. While the market hasn’t entered a widespread downturn, the August data highlights the delicate balance of rent growth as autumn approaches. All regions posted rent declines in August, a shift from July when the Midwest and Northeast still showed modest gains. The West led the pullback with a -0.5% month-over-month decline, followed by the South at -0.4%. The Midwest and Northeast also turned negative, down -0.2% and -0.1%, respectively. On an annual basis, the Midwest (2.5%) and Northeast (2.2%) remain the strongest-performing regions, while the West is now down -1.3% year-over-year. Metro-level performance softened seasonally, with only a handful of markets posting positive rent growth in August. San Francisco led all markets with a +0.6% month-over-month increase, followed by Orange County (+0.3%), Northern New Jersey (+0.1%), Norfolk (+0.0%), and New York (+0.0%). These gains were largely concentrated in coastal and gateway markets, many of which have seen limited new supply. At the other end of the spectrum, Richmond posted the steepest monthly decline at -1.1%, followed by Austin (-1.1%), Las Vegas (-1.0%), and San Antonio (-0.9%). These Sun Belt markets continue to face elevated vacancy and aggressive new supply, which is putting downward pressure on rents. Year-over-year trends also reflect this divide. San Francisco leads the nation with 6.2% annual rent growth, followed by Chicago (3.9%), San Jose (3.5%), and New York (2.8%). Meanwhile, Austin (-4.7%), Denver (-3.5%), and Phoenix (-3.1%) remain the weakest performers, with continued declines driven by oversupply outstripping very strong demand. These patterns reinforce the broader trends: markets with the highest levels of new construction are seeing the weakest rent performance, while more supply-constrained metros — particularly in the Midwest and select coastal areas — continue to outperform. Although many markets are now technically past their ""peak supply,"" a meaningful overhang of new inventory remains across much of the country. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted over 141 million average monthly unique visitors in the second quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20250905379330/en/ Contacts Media Contact: Matthew Blocher Vice President, Corporate Marketing & Communications CoStar Group (202) 346-6775 mblocher@costar.com"
CSGP,2025-09-08,89.16,91.005,87.84,88.05,
CSGP,2025-09-09,87.88,88.73,87.12,88.14,
CSGP,2025-09-10,88.26,88.33,85.13,86.3,
CSGP,2025-09-11,86.48,87.52,86.19,87.06,
CSGP,2025-09-12,86.68,87.39,86.43,86.8,
CSGP,2025-09-15,87.14,89.46,87.13,88.97,
CSGP,2025-09-16,88.63,88.835,87.215,88.13,
CSGP,2025-09-17,88.72,90.72,87.78,87.87,
CSGP,2025-09-18,87.91,89.56,87.505,89.26,
CSGP,2025-09-19,89.4,89.8,86.92,87.1,
CSGP,2025-09-22,86.7,86.99,85.27,86.31,
CSGP,2025-09-23,86.32,86.57,85.06,85.31,
CSGP,2025-09-24,85.56,85.5996,83.86,84.05,
CSGP,2025-09-25,84.05,84.42,82.915,83.09,
CSGP,2025-09-26,83.09,84.41,82.7945,83.99,
CSGP,2025-09-29,84.73,84.73,83.66,84.23,
CSGP,2025-09-30,84.22,84.86,83.15,84.33,
CSGP,2025-10-01,84.215,84.76,82.895,83.48,
CSGP,2025-10-02,83.2,84.52,82.579,83.9,
CSGP,2025-10-03,84.2,85.08,84.11,84.8,
CSGP,2025-10-06,85.11,85.24,80.58,81.15,
CSGP,2025-10-07,81.22,81.45,79.8,80.6,
CSGP,2025-10-08,80.45,80.55,78.6,79.0,
CSGP,2025-10-09,79.005,79.21,77.4001,77.525,
CSGP,2025-10-10,77.43,77.815,75.39,75.58,
CSGP,2025-10-13,76.42,76.42,75.115,75.18,
CSGP,2025-10-14,74.56,76.09,74.5,75.73,
CSGP,2025-10-15,75.65,75.97,74.26,75.19,
CSGP,2025-10-16,75.63,76.32,73.97,74.35,
CSGP,2025-10-17,74.18,74.885,73.58,73.99,
CSGP,2025-10-20,74.02,75.03,73.92,74.96,
CSGP,2025-10-21,74.64,76.98,74.13,76.85,
CSGP,2025-10-22,77.0,78.13,76.455,77.19,
CSGP,2025-10-23,77.14,77.84,76.43,77.66,
CSGP,2025-10-24,78.14,78.72,77.575,77.89,
CSGP,2025-10-27,77.89,79.08,77.4,78.12,
CSGP,2025-10-28,77.88,78.95,77.395,78.23,
CSGP,2025-10-29,72.335,72.5,63.82,70.51,
CSGP,2025-10-30,70.66,70.755,68.4,69.63,
CSGP,2025-10-31,68.76,69.14,66.41,68.81,
CSGP,2025-11-03,67.85,70.24,67.79,69.38,
CSGP,2025-11-04,69.65,70.09,68.565,69.79,
CSGP,2025-11-05,69.46,70.625,69.21,70.44,
CSGP,2025-11-06,70.05,70.56,67.14,67.36,
CSGP,2025-11-07,67.38,68.34,66.59,67.52,
CSGP,2025-11-10,67.52,67.55,66.27,67.235,
CSGP,2025-11-11,67.51,68.675,66.97,68.41,
CSGP,2025-11-12,68.27,69.29,67.42,69.01,
CSGP,2025-11-13,68.5,69.13,68.255,68.54,
CSGP,2025-11-14,68.34,69.06,67.86,68.04,
CSGP,2025-11-17,67.8,69.0199,66.63,67.0,
CSGP,2025-11-18,67.0,67.415,66.225,66.81,
CSGP,2025-11-19,66.425,66.515,65.45,66.02,
CSGP,2025-11-20,66.73,66.81,64.72,65.53,
CSGP,2025-11-21,65.98,67.59,65.9,67.25,
CSGP,2025-11-24,67.42,68.27,66.945,67.54,
CSGP,2025-11-25,67.98,69.355,67.155,69.2,
CSGP,2025-11-26,68.75,69.12,67.785,67.82,
CSGP,2025-11-28,68.445,68.9,67.74,68.8,
CSGP,2025-12-01,67.97,69.3,67.85,68.02,
CSGP,2025-12-02,68.33,68.64,67.49,68.2,
CSGP,2025-12-03,68.22,69.12,68.03,69.02,
CSGP,2025-12-04,69.0,69.06,68.08,68.19,
CSGP,2025-12-05,67.82,68.77,67.4675,68.01,
CSGP,2025-12-08,67.92,67.95,66.075,66.33,
CSGP,2025-12-09,66.52,68.49,66.34,67.93,
CSGP,2025-12-10,67.8,68.58,67.285,67.87,
CSGP,2025-12-11,67.76,68.4983,67.16,67.47,
CSGP,2025-12-12,67.92,68.51,67.735,68.23,
CSGP,2025-12-15,68.25,68.25,62.0,63.73,
CSGP,2025-12-16,64.0,64.89,63.36,63.59,
CSGP,2025-12-17,63.62,65.085,63.62,64.81,
CSGP,2025-12-18,65.01,65.5,64.65,64.855,
CSGP,2025-12-19,64.41,65.84,63.99,65.23,
CSGP,2025-12-22,65.12,66.69,65.12,66.6,
CSGP,2025-12-23,66.6,66.88,65.79,66.64,
CSGP,2025-12-24,66.34,67.265,66.3,66.89,
CSGP,2025-12-26,66.72,67.175,66.48,67.01,
CSGP,2025-12-29,67.09,67.9,66.65,67.6,
CSGP,2025-12-30,67.24,67.96,66.975,67.86,
CSGP,2025-12-31,67.86,67.86,67.0,67.24,
CSGP,2026-01-02,67.11,67.22,65.225,65.69,
CSGP,2026-01-05,65.6,67.38,65.485,66.42,
CSGP,2026-01-06,66.02,67.64,65.23,67.2,
CSGP,2026-01-07,68.26,68.98,61.57,61.66,
CSGP,2026-01-08,60.61,62.89,60.19,61.36,
CSGP,2026-01-09,61.36,61.83,58.41,58.49,
CSGP,2026-01-12,58.49,59.44,57.01,59.3,
CSGP,2026-01-13,58.91,62.52,58.135,61.82,
CSGP,2026-01-14,61.42,63.93,61.14,63.87,
CSGP,2026-01-15,63.97,64.58,62.08,63.38,
CSGP,2026-01-16,63.41,65.9258,63.14,65.34,
CSGP,2026-01-20,64.09,64.805,63.17,63.84,
CSGP,2026-01-21,63.98,64.96,62.805,64.745,
CSGP,2026-01-22,64.87,67.79,64.69,66.28,
CSGP,2026-01-23,65.72,66.68,65.26,65.6,
CSGP,2026-01-26,65.95,67.06,65.75,65.81,
CSGP,2026-01-27,69.275,70.57,65.685,66.22,
CSGP,2026-01-28,66.975,67.68,65.15,65.2,
CSGP,2026-01-29,65.31,65.43,61.61,61.93,
CSGP,2026-01-30,61.51,62.38,60.77,61.51,
CSGP,2026-02-02,61.46,62.67,61.04,61.18,
CSGP,2026-02-03,60.13,60.39,51.57,51.73,
CSGP,2026-02-04,52.14,53.375,50.59,52.34,
CSGP,2026-02-05,52.78,53.32,50.72,50.98,
CSGP,2026-02-06,51.13,51.685,48.76,50.26,
CSGP,2026-02-09,49.64,51.36,48.555,50.95,
CSGP,2026-02-10,50.2,52.35,50.2,50.85,
CSGP,2026-02-11,50.31,50.31,46.78,47.87,
CSGP,2026-02-12,47.72,48.04,43.92,45.03,
CSGP,2026-02-13,45.34,45.9,44.55,44.98,
CSGP,2026-02-17,44.97,45.82,43.8,45.74,
CSGP,2026-02-18,46.45,49.07,46.45,48.915,
CSGP,2026-02-19,48.53,49.475,48.05,49.07,