Wells Fargo & Company Issues Positive Forecast for CoStar Group (NASDAQ:CSGP) Stock Price

CoStar Group (NASDAQ:CSGP) had its price objective upped by stock analysts at Wells Fargo & Company from $25.00 to $26.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “underweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 10.50% from the company’s previous close.

A number of other brokerages have also commented on CSGP. BMO Capital Markets reissued a “market perform” rating and set a $33.00 price target (up from $31.00) on shares of CoStar Group in a research note on Monday, August 24th. Keefe, Bruyette & Woods downgraded CoStar Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $41.00 to $29.00 in a research report on Wednesday, July 29th. William Blair cut shares of CoStar Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 price target on shares of CoStar Group and gave the company a “sector perform” rating in a report on Monday, July 13th. Finally, Wolfe Research restated an “outperform” rating and set a $32.00 price objective (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.74.

CoStar Group Stock Performance

CSGP stock opened at $29.05 on Wednesday. CoStar Group has a one year low of $25.89 and a one year high of $72.50. The company’s fifty day moving average price is $30.56 and its 200-day moving average price is $37.41. The company has a market capitalization of $11.77 billion, a PE ratio of 153.20 and a beta of 0.80.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, October 27th. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $952.00 million during the quarter, compared to the consensus estimate of $945.82 million. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, research analysts predict that CoStar Group will post 1.07 EPS for the current fiscal year.

Insider Buying and Selling at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew Florance purchased 83,300 shares of CoStar Group stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following 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 ownership of the stock. The SEC filing for this purchase provides additional information. 1.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CoStar Group

A number of institutional investors have recently modified their holdings of CSGP. Transamerica Financial Advisors LLC purchased a new stake in shares of CoStar Group in the second quarter valued at approximately $33,000. Pin Oak Investment Advisors Inc. bought a new position in CoStar Group in the second quarter worth approximately $47,000. CYBER HORNET ETFs LLC increased its holdings in 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 during the period. Root Financial Partners LLC purchased a new position in CoStar Group during the 3rd quarter worth $48,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in CoStar Group during the 2nd quarter valued at $59,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

More CoStar Group News

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Strong third-quarter results and higher guidance: CoStar reported record revenue of $952 million, up approximately 14% year over year, while adjusted EBITDA reached a record $229 million—roughly double the prior-year level. Adjusted EPS of $0.38 exceeded the $0.34 consensus estimate, and the company raised its 2026 adjusted EBITDA outlook to $820 million-$840 million while targeting $1.25 billion in 2028. CoStar Group third-quarter results
• Positive Sentiment: Vexcel acquisition expands data capabilities: CoStar agreed to acquire Vexcel for approximately $730 million, adding high-resolution aerial imagery that could improve property search, analytics and digital-twin products. The deal may strengthen CoStar’s competitive position, although investors will assess its integration and return on investment. CoStar to acquire Vexcel
• Positive Sentiment: Some analysts see upside: Needham reaffirmed its “buy” rating with a $40 price target, while BTIG maintained a “buy” rating despite reducing its target from $42 to $35. Those targets imply potential upside from current levels. Analyst ratings

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 to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.