CoStar Group, Inc. (NASDAQ:CSGP) Stock Has Average Target Price of $40.11 According to Analysts

CoStar Group, Inc. (NASDAQ:CSGP) has received a consensus rating of “Hold” from the twenty ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $39.11.

A number of research firms recently issued reports on CSGP. BMO Capital Markets restated a “market perform” rating and set a $33.00 price objective (up from $31.00) on shares of CoStar Group in a report on Monday, August 24th. Weiss Ratings upgraded shares of CoStar Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. William Blair downgraded shares of CoStar Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 29th. KeyCorp set a $33.00 price target on shares of CoStar Group in a report on Monday, August 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of CoStar Group in a report on Wednesday.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $30.17 on Friday. The business’s fifty day simple moving average is $30.33 and its 200 day simple moving average is $36.95. The firm has a market capitalization of $12.14 billion, a P/E ratio of 68.57, a price-to-earnings-growth ratio of 0.78 and a beta of 0.80. CoStar Group has a 12 month low of $25.89 and a 12 month high of $70.63. The company has a current ratio of 1.32, a quick ratio of 2.21 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, October 27th. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. CoStar Group had a return on equity of 4.87% and a net margin of 4.87%. The firm had revenue of $952.00 million during the quarter, compared to the consensus estimate of $945.82 million. During the same quarter in the prior year, the company earned $0.23 EPS. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, analysts anticipate that CoStar Group will post 1.12 EPS for the current year.

Insider Activity

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.78, for a total value of $147,374.64. Following the sale, the chief accounting officer directly owned 18,822 shares in the company, valued at approximately $579,341.16. The trade was a 20.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Florance acquired 83,300 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were acquired at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the acquisition, the chief executive officer owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.18% of the company’s stock.

Institutional Trading of CoStar Group

A number of institutional investors have recently modified their holdings of CSGP. Gibbs Wealth Management grew its stake in CoStar Group by 3.2% in the 3rd quarter. Gibbs Wealth Management now owns 10,125 shares of the technology company’s stock valued at $277,000 after buying an additional 311 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in CoStar Group by 56.8% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,380 shares of the technology company’s stock valued at $38,000 after acquiring an additional 500 shares during the period. Empirical Finance LLC raised its holdings in CoStar Group by 6.6% during the 2nd quarter. Empirical Finance LLC now owns 8,770 shares of the technology company’s stock valued at $248,000 after acquiring an additional 545 shares during the period. Mufg Securities Americas Inc. lifted its position in shares of CoStar Group by 4.9% during the second quarter. Mufg Securities Americas Inc. now owns 12,300 shares of the technology company’s stock worth $348,000 after acquiring an additional 573 shares in the last quarter. Finally, CYBER HORNET ETFs LLC lifted its position in shares of CoStar Group by 50.8% during the second quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company’s stock worth $50,000 after acquiring an additional 592 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group News Summary

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Needham & Company initiated or reaffirmed a Buy rating on CoStar Group, providing support for the stock’s long-term growth outlook. CoStar Group Earns Buy Rating from Needham
• Positive Sentiment: Wells Fargo raised its price target for CSGP, signaling increased confidence in the company’s earnings potential and valuation despite recent weakness. Wells Fargo Raises CoStar Price Target
• Positive Sentiment: CoStar upgraded its U.S. office-market forecast, citing expectations for improved rent growth and lower vacancy rates. A stronger commercial real-estate recovery could support demand for CoStar’s information and analytics products. CoStar Upgrades U.S. Office Forecast
• Positive Sentiment: CoStar data indicated solid demand for four-star office space in London’s City Core, while prime-space vacancy was only 2.1%. The report reinforces the company’s value as a source of commercial property market intelligence. CoStar London Office Demand Report
• Neutral Sentiment: KBW and Bank of America each maintained Hold ratings, indicating analysts see a balanced risk-reward profile rather than a clear near-term catalyst. KBW Maintains Hold Rating Bank of America Maintains Hold Rating
• Neutral Sentiment: Homes.com highlighted high-value residential transactions across major U.S. markets. The publication raises brand visibility but has limited direct financial impact. Homes.com Luxury Home Sales Analysis
• Negative Sentiment: JPMorgan issued a pessimistic forecast for CSGP, adding to concerns about valuation, execution and the pace at which recent investments may translate into profits. JPMorgan Pessimistic CoStar Forecast
• Negative Sentiment: The stock fell below its 50-day moving average following an analyst downgrade, a potentially bearish technical signal that may encourage additional selling. CoStar Shares Cross Below 50-Day Average
• Negative Sentiment: Shares retreated sharply after earnings and news of the Vexcel acquisition. Investors appear concerned about acquisition costs, integration risk and the effect of the deal on near-term earnings, despite CoStar’s reported revenue and earnings beating consensus estimates. CoStar Retreats After Earnings and Vexcel Deal
• Negative Sentiment: October U.S. apartment rents declined 0.15% month over month to $1,749, a second consecutive monthly decrease. Softer multifamily conditions could weigh on sentiment toward CoStar’s residential-market businesses, although annual rent growth remained positive. Apartments.com October Rent Growth Report

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.