CoStar Group, Inc. (NASDAQ:CSGP) Given Consensus Recommendation of “Moderate Buy” by Analysts

CoStar Group, Inc. (NASDAQ:CSGP) has been given an average recommendation of “Moderate Buy” by the nineteen research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $72.7647.

A number of analysts recently issued reports on the stock. Zacks Research raised shares of CoStar Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Needham & Company LLC lowered their price target on shares of CoStar Group from $80.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 25th. BTIG Research set a $60.00 price target on shares of CoStar Group and gave the stock a “buy” rating in a report on Thursday, February 26th. The Goldman Sachs Group lowered their price target on shares of CoStar Group from $73.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a report on Friday, March 27th.

CoStar Group Stock Down 4.1%

NASDAQ:CSGP opened at $39.48 on Wednesday. The firm has a market capitalization of $16.57 billion, a P/E ratio of 3,951.95, a PEG ratio of 1.07 and a beta of 0.92. CoStar Group has a 1-year low of $38.69 and a 1-year high of $97.43. The company’s fifty day moving average price is $46.67 and its 200-day moving average price is $62.06. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The firm had revenue of $899.90 million for the quarter, compared to the consensus estimate of $892.22 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. As a group, equities research analysts anticipate that CoStar Group will post 0.94 EPS for the current year.

CoStar Group announced that its Board of Directors has initiated a share 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 repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at CoStar Group

In other news, Director Louise S. Sams purchased 1,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of $48.36 per share, with a total value of $48,360.00. Following the completion of the acquisition, the director owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This represents a 5.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.09% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Enhancing Capital LLC lifted its holdings in CoStar Group by 2.2% during the third quarter. Enhancing Capital LLC now owns 7,030 shares of the technology company’s stock valued at $593,000 after purchasing an additional 150 shares in the last quarter. Rossby Financial LCC lifted its holdings in CoStar Group by 47.5% during the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock valued at $42,000 after purchasing an additional 162 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in CoStar Group by 4.8% during the third quarter. Golden State Wealth Management LLC now owns 3,626 shares of the technology company’s stock valued at $306,000 after purchasing an additional 166 shares in the last quarter. Zions Bancorporation National Association UT lifted its holdings in CoStar Group by 41.8% during the third quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company’s stock valued at $48,000 after purchasing an additional 166 shares in the last quarter. Finally, United Capital Financial Advisors LLC lifted its holdings in CoStar Group by 2.3% during the third quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock valued at $637,000 after purchasing an additional 167 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

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.