CoStar Group (NASDAQ:CSGP) Earns Buy Rating from Needham & Company LLC

CoStar Group (NASDAQ:CSGP)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research note issued on Monday,Benzinga reports. They presently have a $105.00 target price on the technology company’s stock. Needham & Company LLC’s price target points to a potential upside of 54.57% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company set a $60.00 target price on shares of CoStar Group and gave the company an “underweight” rating in a research report on Monday, November 17th. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research note on Monday, December 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $91.00 price objective on shares of CoStar Group in a research report on Thursday, October 9th. BTIG Research started coverage on CoStar Group in a research note on Friday, October 3rd. They issued a “neutral” rating for the company. Finally, Wolfe Research assumed coverage on CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.38.

CoStar Group Stock Up 2.4%

NASDAQ CSGP opened at $67.93 on Monday. The stock has a 50 day moving average price of $72.11 and a 200-day moving average price of $80.82. CoStar Group has a one year low of $63.82 and a one year high of $97.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12. The company has a market capitalization of $28.79 billion, a P/E ratio of 1,358.60, a P/E/G ratio of 3.21 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. CoStar Group’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. As a group, equities analysts predict that CoStar Group will post 0.94 EPS for the current fiscal year.

Institutional Investors Weigh In On CoStar Group

A number of institutional investors and hedge funds have recently modified their holdings of CSGP. Quent Capital LLC bought a new position in CoStar Group in the 3rd quarter valued at $26,000. Manning & Napier Advisors LLC purchased a new stake in shares of CoStar Group during the third quarter valued at $28,000. Rossby Financial LCC grew its holdings in shares of CoStar Group by 315.9% in the second quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock worth $27,000 after purchasing an additional 259 shares during the last quarter. Westside Investment Management Inc. increased its stake in CoStar Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock worth $30,000 after buying an additional 180 shares during the period. Finally, Bayforest Capital Ltd purchased a new position in CoStar Group in the 1st quarter worth about $29,000. 96.60% of the stock is owned by institutional investors.

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.