CoStar Group (NASDAQ:CSGP) Stock Rating Reaffirmed by William Blair

William Blair restated their outperform rating on shares of CoStar Group (NASDAQ:CSGP) in a research report report published on Wednesday morning, RTT News reports. William Blair also issued estimates for CoStar Group’s Q3 2024 earnings at $0.12 EPS, FY2024 earnings at $0.43 EPS, Q3 2025 earnings at $0.25 EPS and Q4 2025 earnings at $0.33 EPS.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group raised their target price on shares of CoStar Group from $96.00 to $107.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. JMP Securities reaffirmed a market outperform rating and set a $110.00 price target on shares of CoStar Group in a report on Friday, April 12th. Keefe, Bruyette & Woods increased their price target on CoStar Group from $96.00 to $109.00 and gave the stock an outperform rating in a report on Wednesday, April 10th. BTIG Research started coverage on CoStar Group in a report on Friday, January 19th. They set a neutral rating for the company. Finally, Stephens reaffirmed an overweight rating and set a $105.00 price target on shares of CoStar Group in a report on Wednesday. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $102.46.

CoStar Group Stock Performance

Shares of CSGP opened at $92.65 on Wednesday. The company has a current ratio of 9.09, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $37.83 billion, a PE ratio of 126.92, a price-to-earnings-growth ratio of 10.59 and a beta of 0.84. The company’s 50 day simple moving average is $89.77 and its 200-day simple moving average is $84.78. CoStar Group has a 12-month low of $67.35 and a 12-month high of $100.38.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. As a group, equities analysts predict that CoStar Group will post 0.43 EPS for the current year.

Institutional Investors Weigh In On CoStar Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG lifted its holdings in CoStar Group by 37.1% in the third quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock valued at $56,877,000 after acquiring an additional 200,183 shares during the period. Harvest Fund Management Co. Ltd increased its position in shares of CoStar Group by 11.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,589 shares of the technology company’s stock valued at $312,000 after buying an additional 376 shares in the last quarter. Simplicity Solutions LLC increased its position in shares of CoStar Group by 5.7% in the fourth quarter. Simplicity Solutions LLC now owns 7,971 shares of the technology company’s stock valued at $697,000 after buying an additional 431 shares in the last quarter. abrdn plc increased its position in shares of CoStar Group by 69.8% in the fourth quarter. abrdn plc now owns 169,683 shares of the technology company’s stock valued at $14,829,000 after buying an additional 69,744 shares in the last quarter. Finally, Harbor Advisors LLC increased its position in shares of CoStar Group by 69.6% in the fourth quarter. Harbor Advisors LLC now owns 17,060 shares of the technology company’s stock valued at $1,491,000 after buying an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.