Wall Street Zen Upgrades CoStar Group (NASDAQ:CSGP) to “Buy”

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

Other research analysts have also recently issued research reports about the company. BTIG Research restated a “buy” rating and set a $55.00 price objective on shares of CoStar Group in a research note on Wednesday, April 29th. Robert W. Baird set a $34.00 target price on CoStar Group and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Keefe, Bruyette & Woods dropped their target price on CoStar Group from $50.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Benchmark started coverage on CoStar Group in a report on Thursday, June 4th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and an average target price of $51.50.

CoStar Group Stock Performance

Shares of CSGP stock opened at $27.66 on Friday. The company’s fifty day simple moving average is $30.98 and its 200-day simple moving average is $41.13. CoStar Group has a 52 week low of $26.68 and a 52 week high of $97.43. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. The company has a market cap of $11.30 billion, a PE ratio of 461.08, a P/E/G ratio of 0.71 and a beta of 0.74.

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

Insider Buying and Selling

In other news, CEO Andrew C. Florance acquired 71,430 shares of the business’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the acquisition, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This represents a 4.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.18% of the stock is owned by corporate insiders.

Institutional Trading of CoStar Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Douglas Lane & Associates LLC boosted its stake in shares of CoStar Group by 4.3% during the 4th quarter. Douglas Lane & Associates LLC now owns 683,061 shares of the technology company’s stock valued at $45,929,000 after buying an additional 28,279 shares during the last quarter. Barclays PLC increased its stake in shares of CoStar Group by 83.4% in the fourth quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock worth $156,111,000 after buying an additional 1,055,584 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of CoStar Group by 100.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock worth $16,486,000 after buying an additional 122,776 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in CoStar Group by 22.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 210,095 shares of the technology company’s stock valued at $14,127,000 after acquiring an additional 38,715 shares in the last quarter. Finally, Baillie Gifford & Co. raised its holdings in CoStar Group by 56.9% in the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after acquiring an additional 4,691,543 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

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.