Analysts Set CoStar Group, Inc. (NASDAQ:CSGP) Target Price at $94.15

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have been given an average rating of “Moderate Buy” by the twenty brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $94.1538.

Several analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of CoStar Group from $82.00 to $89.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 23rd. Robert W. Baird boosted their target price on CoStar Group from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Citigroup reissued a “market outperform” rating on shares of CoStar Group in a research note on Wednesday, October 29th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $70.00 price objective (up from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th.

CoStar Group Stock Up 1.8%

NASDAQ CSGP opened at $68.41 on Friday. The stock’s 50 day moving average is $79.72 and its 200 day moving average is $82.01. The company has a current ratio of 3.12, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group has a 12 month low of $63.82 and a 12 month high of $97.43. The stock has a market cap of $28.99 billion, a PE ratio of 1,368.20, a P/E/G ratio of 3.32 and a beta of 0.86.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The firm had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. During the same quarter last year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS. FY 2025 guidance at 0.820-0.840 EPS. Research analysts predict that CoStar Group will post 0.94 EPS for the current fiscal year.

Insider Transactions at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the sale, the insider owned 293,103 shares of the company’s stock, valued at $26,475,993.99. This represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.09% of the stock is currently owned by insiders.

Institutional Trading of CoStar Group

Large investors have recently made changes to their positions in the business. Mizuho Markets Americas LLC purchased a new position in CoStar Group in the first quarter worth about $586,403,000. Norges Bank purchased a new stake in CoStar Group during the second quarter valued at approximately $426,783,000. Viking Global Investors LP bought a new stake in shares of CoStar Group in the 2nd quarter valued at approximately $258,773,000. Vanguard Group Inc. boosted its holdings in shares of CoStar Group by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company’s stock worth $5,421,448,000 after purchasing an additional 2,709,320 shares during the period. Finally, Third Point LLC bought a new position in shares of CoStar Group during the 1st quarter valued at approximately $156,479,000. 96.60% of the stock is currently owned by institutional investors.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.