CoStar Group Sees Unusually Large Options Volume (NASDAQ:CSGP)

CoStar Group, Inc. (NASDAQ:CSGP) saw some unusual options trading activity on Friday. Stock traders purchased 43,731 call options on the stock. This represents an increase of approximately 1,721% compared to the typical volume of 2,401 call options.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its holdings in CoStar Group by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after purchasing an additional 426 shares during the period. NewEdge Advisors LLC raised its stake in CoStar Group by 727.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock worth $117,000 after buying an additional 1,295 shares during the period. Jones Financial Companies Lllp lifted its holdings in CoStar Group by 860.7% during the first quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock worth $1,006,000 after acquiring an additional 11,370 shares in the last quarter. Empowered Funds LLC lifted its holdings in CoStar Group by 9.2% during the first quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock worth $629,000 after acquiring an additional 666 shares in the last quarter. Finally, Woodline Partners LP increased its stake in CoStar Group by 44.6% during the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock worth $2,821,000 after purchasing an additional 10,984 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CSGP. Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. BNP Paribas initiated coverage on CoStar Group in a report on Wednesday. They issued a “neutral” rating and a $64.00 price target for the company. BNP Paribas Exane initiated coverage on CoStar Group in a report on Wednesday. They issued a “neutral” rating and a $64.00 price target for the company. Wells Fargo & Company restated an “underweight” rating and set a $55.00 price target (down from $60.00) on shares of CoStar Group in a research note on Thursday, January 8th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $91.00 price target on shares of CoStar Group in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.50.

CoStar Group Trading Up 3.1%

Shares of CoStar Group stock opened at $65.34 on Friday. The business has a fifty day simple moving average of $66.30 and a 200-day simple moving average of $78.15. CoStar Group has a fifty-two week low of $57.01 and a fifty-two week high of $97.43. The firm has a market cap of $27.69 billion, a price-to-earnings ratio of 1,306.80, a price-to-earnings-growth ratio of 1.67 and a beta of 0.84. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12.

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

CoStar Group declared that its board has approved a stock buyback program on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.