CoStar Group (NASDAQ:CSGP) Stock Keeps “Buy” Rating at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of CoStar Group (NASDAQ:CSGP) in a report released on Tuesday,Benzinga reports. They currently have a $40.00 target price on the technology company’s stock.

Other research analysts also recently issued research reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a research note on Monday, September 21st. BTIG Research lowered their price target on CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Citizens Jmp dropped their price objective on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 29th. Wall Street Zen lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, KeyCorp set a $33.00 target price on shares of CoStar Group in a research note on Monday, August 24th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.11.

CoStar Group Stock Down 0.1%

CSGP stock opened at $27.63 on Tuesday. CoStar Group has a 12-month low of $25.89 and a 12-month high of $81.45. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 145.43, a PEG ratio of 0.71 and a beta of 0.80. The company has a 50 day moving average of $30.26 and a two-hundred day moving average of $32.63.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $928.81 million. During the same period in the previous year, the company posted $0.17 EPS. CoStar Group’s revenue was up 18.4% on a year-over-year basis. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. On average, equities analysts anticipate that CoStar Group will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew C. Florance purchased 83,300 shares of the stock in a transaction on Tuesday, August 4th. The shares were bought at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the acquisition, the chief executive officer directly owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at approximately $579,341.16. This represents a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CSGP. Versant Capital Management Inc raised its holdings in CoStar Group by 123.6% in the 3rd quarter. Versant Capital Management Inc now owns 7,671 shares of the technology company’s stock worth $210,000 after acquiring an additional 4,240 shares during the period. QRG Capital Management Inc. grew its position in shares of CoStar Group by 85.8% in the second quarter. QRG Capital Management Inc. now owns 57,474 shares of the technology company’s stock valued at $1,628,000 after purchasing an additional 26,535 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of CoStar Group by 5.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 341,444 shares of the technology company’s stock valued at $9,670,000 after purchasing an additional 17,067 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of CoStar Group by 6.2% in the second quarter. Sequoia Financial Advisors LLC now owns 54,883 shares of the technology company’s stock worth $1,554,000 after purchasing an additional 3,195 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of CoStar Group by 176.9% in the second quarter. Tidal Investments LLC now owns 68,552 shares of the technology company’s stock worth $1,941,000 after purchasing an additional 43,798 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

About CoStar Group

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 used by real estate owners, brokers, investors, lenders, appraisers and other professionals to evaluate properties, track market conditions and support business decisions.

Its portfolio includes CoStar, a commercial real estate information and research platform; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.