CoStar Group (NASDAQ:CSGP) Shares Up 4.2% – Should You Buy?

CoStar Group, Inc. (NASDAQ:CSGP) shares traded up 4.2% during trading on Thursday. The company traded as high as $28.69 and last traded at $28.76. 803,503 shares changed hands during trading, a decline of 89% from the average daily volume of 7,061,079 shares. The stock had previously closed at $27.60.

Wall Street Analyst Weigh In

CSGP has been the topic of a number of recent analyst reports. BTIG Research dropped their price target on shares of CoStar Group from $55.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a report on Monday, September 21st. Robert W. Baird set a $34.00 price objective on shares of CoStar Group and gave the company a “neutral” rating in a research note on Tuesday, July 14th. KeyCorp set a $33.00 target price on CoStar Group in a report on Monday, August 24th. Finally, Royal Bank Of Canada set a $34.00 target price on CoStar Group and gave the stock a “sector perform” rating in a research report on Monday, July 13th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.11.

CoStar Group Stock Down 0.5%

The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 156.17, a price-to-earnings-growth ratio of 0.76 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. The firm has a 50-day moving average of $30.24 and a two-hundred day moving average of $32.41.

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 net margin of 2.08% and a return on equity of 3.74%. The firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. During the same quarter in the prior year, the business earned $0.17 EPS. The company’s revenue for the quarter 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, sell-side analysts anticipate that CoStar Group, Inc. will post 1.07 earnings per share for the current year.

Insider Activity

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. This represents a 20.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew C. Florance acquired 83,300 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were bought at an average cost 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 of the company’s stock, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their position. The SEC filing for this purchase provides additional information. 1.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Reflection Asset Management bought a new position in CoStar Group during the fourth quarter worth about $27,000. Transamerica Financial Advisors LLC bought a new stake in shares of CoStar Group in the 2nd quarter valued at about $33,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of CoStar Group in the 2nd quarter valued at approximately $47,000. CYBER HORNET ETFs LLC raised its position in shares of CoStar Group by 50.8% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company’s stock valued at $50,000 after acquiring an additional 592 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in CoStar Group during the 2nd quarter worth approximately $59,000. Institutional investors and hedge funds 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.