Brokerages Set CoStar Group, Inc. (NASDAQ:CSGP) PT at $40.11

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have been given a consensus rating of “Hold” by the twenty brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $40.1053.

A number of research analysts have weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $33.00 price target (up from $31.00) on shares of CoStar Group in a research report on Monday, August 24th. Needham & Company LLC dropped their price objective on shares of CoStar Group from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. JPMorgan Chase & Co. cut their target price on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Wolfe Research restated an “outperform” rating and set a $32.00 target price (down from $35.00) on shares of CoStar Group in a report on Wednesday, July 29th. Finally, Wells Fargo & Company set a $26.00 price target on shares of CoStar Group and gave the stock an “underweight” rating in a research report on Wednesday, June 24th.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $29.58 on Friday. The business has a 50-day moving average of $30.37 and a two-hundred day moving average of $34.96. The firm has a market capitalization of $11.99 billion, a PE ratio of 155.69, a P/E/G ratio of 0.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. CoStar Group has a 12 month low of $25.89 and a 12 month high of $90.72.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. During the same period in the previous year, the company posted $0.17 EPS. The company’s revenue was up 18.4% compared to the same quarter last year. 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. As a group, research analysts forecast that CoStar Group will post 1.07 earnings per share for the current year.

Insider Transactions at CoStar Group

In related news, CEO Andrew Florance acquired 83,300 shares of CoStar Group 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 purchase, the chief executive officer directly owned 1,806,165 shares in the company, valued at $53,986,271.85. This trade represents a 4.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the company’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 completion of the sale, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at $579,341.16. The trade was a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Reflection Asset Management acquired a new position in shares of CoStar Group during the fourth quarter worth $27,000. Lloyd Advisory Services LLC. acquired a new stake in CoStar Group during the 4th quarter valued at $29,000. Transamerica Financial Advisors LLC acquired a new stake in CoStar Group during the 2nd quarter valued at $33,000. DV Equities LLC purchased a new stake in CoStar Group during the 4th quarter worth $40,000. Finally, IFP Advisors Inc increased its stake in CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after buying an additional 471 shares during the period. Hedge funds and other 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.