CoStar Group, Inc. (NASDAQ:CSGP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $55.9412.

A number of brokerages have weighed in on CSGP. Royal Bank Of Canada reduced their price target on CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 25th. Jefferies Financial Group raised CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Friday, February 20th. BMO Capital Markets cut their target price on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. Wells Fargo & Company cut their target price on CoStar Group from $40.00 to $33.00 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. Finally, Keefe, Bruyette & Woods cut their target price on CoStar Group from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $33.40 on Thursday. The business’s fifty day moving average price is $36.33 and its two-hundred day moving average price is $50.74. The stock has a market cap of $13.64 billion, a PE ratio of 556.76, a price-to-earnings-growth ratio of 0.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. CoStar Group has a one year low of $31.35 and a one year high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The firm had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. CoStar Group’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. On average, analysts forecast that CoStar Group will post 1.03 EPS for the current fiscal year.

Insider Activity

In other CoStar Group news, CEO Andrew C. Florance bought 71,430 shares of the stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the purchase, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Louise S. Sams bought 1,000 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $48.36 per share, with a total value of $48,360.00. Following the completion of the purchase, 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 SEC filing for this purchase provides additional information. Company insiders own 1.09% of the company’s stock.

Institutional Trading of CoStar Group

Several large investors have recently modified their holdings of CSGP. Norges Bank acquired a new stake in shares of CoStar Group during the fourth quarter valued at about $476,765,000. Baillie Gifford & Co. grew its stake 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 worth $869,627,000 after purchasing an additional 4,691,543 shares in the last quarter. Capital International Investors grew its stake in CoStar Group by 59.7% in the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after purchasing an additional 4,053,456 shares in the last quarter. Viking Global Investors LP acquired a new position in CoStar Group in the second quarter worth about $258,773,000. Finally, Goldman Sachs Group Inc. grew its stake in CoStar Group by 70.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock worth $252,238,000 after purchasing an additional 1,556,100 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

About CoStar Group

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.