CoStar Group (NASDAQ:CSGP) Now Covered by BTIG Research

BTIG Research started coverage on shares of CoStar Group (NASDAQ:CSGP) in a report published on Friday morning, MarketBeat reports. The brokerage issued a neutral rating on the technology company’s stock.

CSGP has been the subject of several other research reports. Wells Fargo & Company reissued an “underweight” rating and set a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. William Blair restated an “outperform” rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Robert W. Baird raised their price target on shares of CoStar Group from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Wolfe Research assumed coverage on CoStar Group in a research report on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on CoStar Group from $87.00 to $101.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.15.

CoStar Group Stock Up 1.1%

CSGP stock opened at $84.80 on Friday. The firm has a market cap of $35.93 billion, a price-to-earnings ratio of 339.20, a PEG ratio of 3.86 and a beta of 0.87. CoStar Group has a 1-year low of $68.26 and a 1-year high of $97.43. The firm has a fifty day moving average price of $89.20 and a two-hundred day moving average price of $82.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Research analysts predict that CoStar Group will post 0.94 EPS for the current year.

Insider Buying and Selling at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the transaction, the chief accounting officer directly owned 25,771 shares of the company’s stock, valued at $2,392,837.35. The trade was a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frederick G. Saint sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the completion of the sale, the insider owned 293,103 shares in the company, valued at approximately $26,475,993.99. This trade represents a 7.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,033 shares of company stock valued at $4,777,764. Insiders own 1.09% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CSGP. Wealth Enhancement Advisory Services LLC boosted its stake in shares of CoStar Group by 6.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 18,045 shares of the technology company’s stock worth $1,292,000 after acquiring an additional 1,070 shares in the last quarter. NBC Securities Inc. boosted its position in shares of CoStar Group by 129,366.7% in the 1st quarter. NBC Securities Inc. now owns 3,884 shares of the technology company’s stock valued at $307,000 after purchasing an additional 3,881 shares during the period. Merit Financial Group LLC increased its stake in CoStar Group by 20.0% in the 1st quarter. Merit Financial Group LLC now owns 4,151 shares of the technology company’s stock worth $329,000 after purchasing an additional 693 shares in the last quarter. Davis Capital Management raised its holdings in CoStar Group by 7.3% during the 1st quarter. Davis Capital Management now owns 14,437 shares of the technology company’s stock worth $1,144,000 after buying an additional 981 shares during the period. Finally, Procyon Advisors LLC lifted its stake in CoStar Group by 31.0% during the first quarter. Procyon Advisors LLC now owns 21,649 shares of the technology company’s stock valued at $1,715,000 after buying an additional 5,125 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Company Profile

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.