CoStar Group (NASDAQ:CSGP) Raised to Buy at Wall Street Zen

CoStar Group (NASDAQ:CSGP) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other analysts have also commented on CSGP. Needham & Company LLC cut their price target on CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $44.00 target price on CoStar Group in a research note on Thursday, April 30th. Robert W. Baird set a $34.00 price target on CoStar Group and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, Stephens decreased their price target on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.50.

CoStar Group Stock Up 1.9%

Shares of CSGP stock opened at $27.66 on Friday. CoStar Group has a 12-month low of $26.68 and a 12-month high of $97.43. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average of $30.98 and a 200-day moving average of $41.31. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 461.08, a P/E/G ratio of 0.70 and a beta of 0.74.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm’s revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) EPS. 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 predict that CoStar Group will post 1.03 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Andrew C. Florance bought 71,430 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.18% of the company’s stock.

Institutional Trading of CoStar Group

Large investors have recently added to or reduced their stakes in the company. Tema ETFs LLC grew its position in shares of CoStar Group by 18.3% in the 2nd quarter. Tema ETFs LLC now owns 8,914 shares of the technology company’s stock valued at $252,000 after acquiring an additional 1,378 shares during the period. Handelsbanken Fonder AB raised its holdings in shares of CoStar Group by 6.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 129,700 shares of the technology company’s stock valued at $3,673,000 after purchasing an additional 7,820 shares during the period. Czech National Bank raised its holdings in shares of CoStar Group by 0.7% in the 2nd quarter. Czech National Bank now owns 116,234 shares of the technology company’s stock valued at $3,292,000 after purchasing an additional 808 shares during the period. Red Spruce Capital LLC lifted its stake in CoStar Group by 101.0% in the 2nd quarter. Red Spruce Capital LLC now owns 76,448 shares of the technology company’s stock valued at $2,165,000 after purchasing an additional 38,413 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in CoStar Group by 227.7% in the 2nd quarter. Versant Capital Management Inc now owns 3,431 shares of the technology company’s stock valued at $97,000 after purchasing an additional 2,384 shares during the last quarter. 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.