BNP Paribas Exane Begins Coverage on CoStar Group (NASDAQ:CSGP)

Research analysts at BNP Paribas Exane began coverage on shares of CoStar Group (NASDAQ:CSGP) in a report issued on Wednesday, Marketbeat reports. The brokerage set a “neutral” rating and a $64.00 price target on the technology company’s stock. BNP Paribas Exane’s price objective would suggest a potential upside of 0.98% from the stock’s previous close.

CSGP has been the subject of several other research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $84.00 price objective on shares of CoStar Group in a report on Wednesday. BMO Capital Markets dropped their price target on shares of CoStar Group from $77.00 to $72.00 and set a “market perform” rating on the stock in a research report on Thursday, January 8th. BNP Paribas began coverage on shares of CoStar Group in a research note on Wednesday. They issued a “neutral” rating and a $64.00 price target for the company. BTIG Research initiated coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating for the company. Finally, Zacks Research cut CoStar Group from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and a consensus target price of $82.50.

CoStar Group Stock Performance

Shares of CSGP stock opened at $63.38 on Wednesday. CoStar Group has a 12-month low of $57.01 and a 12-month high of $97.43. The firm has a market capitalization of $26.86 billion, a price-to-earnings ratio of 1,267.60, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84. The business has a 50 day simple moving average of $66.34 and a 200 day simple moving average of $78.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The firm had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. During the same quarter in the previous year, the business earned $0.22 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. 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. On average, equities research analysts anticipate that CoStar Group will post 0.94 EPS for the current year.

CoStar Group announced that its board has authorized a stock repurchase program on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On CoStar Group

A number of hedge funds and other institutional investors have recently modified their holdings of CSGP. Quent Capital LLC acquired a new stake in shares of CoStar Group during the third quarter worth approximately $26,000. Manning & Napier Advisors LLC acquired a new position in CoStar Group in the 3rd quarter valued at approximately $28,000. Rossby Financial LCC lifted its position in CoStar Group by 315.9% in the 2nd quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock worth $27,000 after buying an additional 259 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of CoStar Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in shares of CoStar Group during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.