CoStar Group (NASDAQ:CSGP) Upgraded at BNP Paribas

BNP Paribas upgraded shares of CoStar Group (NASDAQ:CSGP) to a hold rating in a report published on Wednesday,Zacks.com reports.

A number of other brokerages have also commented on CSGP. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 29th. Needham & Company LLC decreased their target price on CoStar Group from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. BMO Capital Markets cut their price target on CoStar Group from $77.00 to $72.00 and set a “market perform” rating for the company in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on CoStar Group in a report on Thursday, January 8th. Finally, Zacks Research cut CoStar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

CoStar Group Stock Up 3.1%

Shares of CSGP stock opened at $65.34 on Wednesday. CoStar Group has a 12 month low of $57.01 and a 12 month high of $97.43. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12. The firm has a market cap of $27.69 billion, a PE ratio of 1,306.80, a price-to-earnings-growth ratio of 1.62 and a beta of 0.84. The stock has a 50 day moving average of $66.30 and a 200-day moving average of $78.17.

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

CoStar Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 7th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CSGP. Vanguard Group Inc. increased its holdings in CoStar Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock valued at $5,910,662,000 after purchasing an additional 1,208,958 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of CoStar Group by 3.4% during the second quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock worth $1,582,267,000 after purchasing an additional 647,413 shares during the last quarter. State Street Corp grew its holdings in shares of CoStar Group by 3.1% during the third quarter. State Street Corp now owns 18,284,128 shares of the technology company’s stock worth $1,542,632,000 after purchasing an additional 551,160 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of CoStar Group by 2.4% in the second quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company’s stock valued at $989,905,000 after buying an additional 290,404 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of CoStar Group by 12.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,406,788 shares of the technology company’s stock valued at $624,911,000 after buying an additional 821,111 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Company Profile

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.