CoStar Group, Inc. (NASDAQ:CSGP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have been assigned a consensus rating of “Moderate Buy” from the nineteen research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $55.9412.

Several brokerages have recently issued reports on CSGP. Wells Fargo & Company reduced their price objective on CoStar Group from $40.00 to $33.00 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. Bank of America reduced their target price on CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Jefferies Financial Group upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Friday, February 20th. Keefe, Bruyette & Woods reduced their target price on CoStar Group from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 target price on CoStar Group in a research report on Thursday, April 30th.

CoStar Group Stock Down 0.6%

Shares of NASDAQ:CSGP opened at $32.32 on Thursday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13. CoStar Group has a 52-week low of $31.35 and a 52-week high of $97.43. The stock’s fifty day simple moving average is $37.34 and its 200-day simple moving average is $51.97. The company has a market capitalization of $13.20 billion, a P/E ratio of 538.76, a P/E/G ratio of 0.84 and a beta of 0.75.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The business had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. During the same period in the prior year, the business earned ($0.04) earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, equities research analysts forecast that CoStar Group will post 1.03 earnings per share for the current fiscal year.

Insider Activity

In other CoStar Group news, CEO Andrew C. Florance bought 71,430 shares of CoStar Group stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This represents a 4.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Louise S. Sams bought 1,000 shares of CoStar Group stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the transaction, the director directly owned 20,409 shares of the company’s stock, valued at $986,979.24. This trade represents a 5.15% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.09% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in CoStar Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock worth $5,910,662,000 after buying an additional 1,208,958 shares during the period. Bamco Inc. NY raised its holdings in shares of CoStar Group by 1.3% in the 4th quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company’s stock worth $1,311,052,000 after purchasing an additional 242,533 shares during the period. State Street Corp raised its holdings in shares of CoStar Group by 1.9% in the 4th quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock worth $1,252,839,000 after purchasing an additional 348,224 shares during the period. Principal Financial Group Inc. raised its holdings in shares of CoStar Group by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock worth $713,866,000 after purchasing an additional 130,118 shares during the period. Finally, Baillie Gifford & Co. raised its holdings in shares of CoStar Group by 56.9% in the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after purchasing an additional 4,691,543 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Company Profile

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.