CoStar Group (NASDAQ:CSGP) Given New $42.00 Price Target at Stephens

CoStar Group (NASDAQ:CSGP) had its target price cut by investment analysts at Stephens from $50.00 to $42.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Stephens’ target price indicates a potential upside of 20.97% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. BNP Paribas Exane started coverage on shares of CoStar Group in a research report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 price objective for the company. Keefe, Bruyette & Woods cut their price objective on shares of CoStar Group from $57.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a research report on Thursday. Robert W. Baird cut their price objective on shares of CoStar Group from $73.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research report on Friday, March 27th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $58.12.

CoStar Group Stock Performance

CSGP stock opened at $34.72 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The company’s 50-day simple moving average is $41.78 and its 200 day simple moving average is $56.78. CoStar Group has a 52 week low of $33.31 and a 52 week high of $97.43. The company has a market capitalization of $14.58 billion, a PE ratio of 578.76, a price-to-earnings-growth ratio of 0.89 and a beta of 0.75.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The business had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. During the same period in the prior year, the company posted ($0.04) earnings per share. CoStar Group’s revenue was up 22.5% compared to the same quarter last year. 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. As a group, sell-side analysts anticipate that CoStar Group will post 1.03 earnings per share for the current year.

CoStar Group declared that its board has approved a share repurchase program on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Transactions at CoStar Group

In related news, CEO Andrew C. Florance bought 71,430 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the acquisition, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Louise S. Sams bought 1,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $48.36 per share, with a total value of $48,360.00. Following the acquisition, the director directly owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. The trade was a 5.15% increase in their position. The SEC filing for this purchase provides additional information. 1.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quent Capital LLC bought a new position in shares of CoStar Group in the third quarter worth about $26,000. Reflection Asset Management bought a new position in shares of CoStar Group in the fourth quarter worth about $27,000. Manning & Napier Advisors LLC acquired a new position in shares of CoStar Group in the third quarter valued at approximately $28,000. Lloyd Advisory Services LLC. acquired a new position in shares of CoStar Group in the fourth quarter valued at approximately $29,000. Finally, Westside Investment Management Inc. increased its stake in shares of CoStar Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares during the period. Institutional investors own 96.60% of the company’s stock.

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.