CoStar Group (NASDAQ:CSGP) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of CoStar Group (NASDAQ:CSGP) from a strong sell rating to a hold rating in a report published on Monday morning,Zacks.com reports.

Several other research firms have also issued reports on CSGP. Royal Bank Of Canada dropped their price target on CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research note on Monday, December 29th. William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. The Goldman Sachs Group reduced their price target on shares of CoStar Group from $84.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Finally, Citizens Jmp decreased their price target on shares of CoStar Group from $78.00 to $73.00 and set a “market outperform” rating for the company in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.35.

CoStar Group Stock Down 4.3%

Shares of CoStar Group stock opened at $46.33 on Monday. The business has a 50-day moving average price of $55.67 and a 200 day moving average price of $68.64. CoStar Group has a fifty-two week low of $43.16 and a fifty-two week high of $97.43. The firm has a market cap of $19.45 billion, a P/E ratio of 4,637.64, a P/E/G ratio of 1.30 and a beta of 0.89. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $900.00 million for the quarter, compared to the consensus estimate of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.CoStar Group’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, sell-side analysts forecast that CoStar Group will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its board has initiated a share buyback plan on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Louise S. Sams bought 1,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $48.36 per share, with a total value of $48,360.00. Following the completion of the transaction, the director directly owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This represents a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CoStar Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quent Capital LLC bought a new position in shares of CoStar Group during the third quarter worth about $26,000. Reflection Asset Management bought a new stake in CoStar Group in the 4th quarter valued at about $27,000. Manning & Napier Advisors LLC acquired a new position in CoStar Group during the 3rd quarter valued at about $28,000. Lloyd Advisory Services LLC. acquired a new position in CoStar Group during the 4th quarter valued at about $29,000. Finally, Westside Investment Management Inc. grew its position in CoStar Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock worth $30,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds 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.