CoStar Group (NASDAQ:CSGP) Stock Rating Upgraded by BNP Paribas

CoStar Group (NASDAQ:CSGP) was upgraded by investment analysts at BNP Paribas to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft set a $68.00 price target on CoStar Group in a research report on Thursday, January 8th. BNP Paribas Exane started coverage on CoStar Group in a report on Wednesday. They issued a “neutral” rating and a $64.00 target price on the stock. Keefe, Bruyette & Woods decreased their target price on shares of CoStar Group from $100.00 to $75.00 and set an “outperform” rating for the company in a research report on Monday. Wells Fargo & Company restated an “underweight” rating and issued a $55.00 price target (down previously from $60.00) on shares of CoStar Group in a research report on Thursday, January 8th. Finally, Zacks Research lowered shares of CoStar Group from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. One investment 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. According to MarketBeat, CoStar Group has an average rating of “Moderate Buy” and a consensus price target of $82.50.

CoStar Group Trading Down 0.8%

CSGP opened at $63.38 on Wednesday. The company’s 50 day moving average price is $66.34 and its two-hundred day moving average price is $78.28. The firm has a market capitalization of $26.86 billion, a price-to-earnings ratio of 1,267.60, a PEG ratio of 1.63 and a beta of 0.84. CoStar Group has a fifty-two week low of $57.01 and a fifty-two week high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12.

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

CoStar Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 7th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional Trading of CoStar Group

Several hedge funds have recently modified their holdings of the stock. Quent Capital LLC acquired a new position in shares of CoStar Group during the 3rd quarter valued at $26,000. Rossby Financial LCC increased its stake in CoStar Group by 315.9% in the second quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock valued at $27,000 after purchasing an additional 259 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in CoStar Group in the third quarter valued at $28,000. Westside Investment Management Inc. raised its holdings in shares of CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after purchasing an additional 180 shares during the period. Finally, Root Financial Partners LLC bought a new position in shares of CoStar Group during the 3rd quarter worth about $31,000. Institutional investors own 96.60% of the company’s stock.

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.