CoStar Group (NASDAQ:CSGP) Shares Up 4.2% – What’s Next?

CoStar Group, Inc. (NASDAQ:CSGP)’s share price traded up 4.2% on Thursday. The stock traded as high as $28.69 and last traded at $28.76. Approximately 803,503 shares were traded during mid-day trading, a decline of 89% from the average session volume of 7,061,079 shares. The stock had previously closed at $27.60.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods cut CoStar Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $41.00 to $29.00 in a research note on Wednesday, July 29th. BMO Capital Markets reissued a “market perform” rating and issued a $33.00 price objective (up from $31.00) on shares of CoStar Group in a report on Monday, August 24th. KeyCorp set a $33.00 target price on shares of CoStar Group in a research report on Monday, August 24th. Finally, Citizens Jmp cut their target price on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.11.

CoStar Group Price Performance

The stock has a fifty day moving average of $30.22 and a two-hundred day moving average of $32.52. The stock has a market cap of $11.60 billion, a price-to-earnings ratio of 150.77, a price-to-earnings-growth ratio of 0.70 and a beta of 0.80. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13.

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

Insider Activity

In related news, CEO Andrew Florance acquired 83,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the acquisition, the chief executive officer owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the sale, 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 SEC filing for this sale provides additional information. 1.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On CoStar Group

Several institutional investors have recently modified their holdings of the company. Reflection Asset Management purchased a new position in CoStar Group during the 4th quarter valued at about $27,000. Empirical Finance LLC lifted its holdings in shares of CoStar Group by 6.6% in the second quarter. Empirical Finance LLC now owns 8,770 shares of the technology company’s stock valued at $248,000 after purchasing an additional 545 shares in the last quarter. Mufg Securities Americas Inc. grew its position in shares of CoStar Group by 4.9% in the second quarter. Mufg Securities Americas Inc. now owns 12,300 shares of the technology company’s stock valued at $348,000 after purchasing an additional 573 shares during the last quarter. CYBER HORNET ETFs LLC increased its stake in shares of CoStar Group by 50.8% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company’s stock worth $50,000 after purchasing an additional 592 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its position in shares of CoStar Group by 8.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 8,130 shares of the technology company’s stock worth $328,000 after purchasing an additional 655 shares during the last quarter. 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 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.