CoStar Group, Inc. (NASDAQ:CSGP) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have been assigned a consensus rating of “Moderate Buy” from the nineteen brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $73.3529.

Several brokerages recently weighed in on CSGP. BTIG Research set a $60.00 price objective on shares of CoStar Group and gave the stock a “buy” rating in a research note on Thursday, February 26th. Keefe, Bruyette & Woods lowered their target price on CoStar Group from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. The Goldman Sachs Group lowered their price objective on CoStar Group from $84.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. BMO Capital Markets decreased their price objective on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Finally, William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Tuesday, March 3rd.

Insider Buying and Selling

In related news, Director Louise S. Sams bought 1,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the acquisition, the director owned 20,409 shares in the company, valued at $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Institutional Trading of CoStar Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in CoStar Group during the fourth quarter worth $476,765,000. Baillie Gifford & Co. lifted its stake in shares of CoStar Group by 56.9% during the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after buying an additional 4,691,543 shares during the period. Capital International Investors boosted its position in CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after acquiring an additional 4,053,456 shares during the last quarter. Viking Global Investors LP acquired a new stake in CoStar Group during the second quarter worth approximately $258,773,000. Finally, Goldman Sachs Group Inc. raised its stake in CoStar Group by 70.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock worth $252,238,000 after purchasing an additional 1,556,100 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Trading Up 0.6%

Shares of CSGP stock opened at $43.63 on Friday. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $54.31 and a 200 day simple moving average of $67.97. CoStar Group has a fifty-two week low of $42.94 and a fifty-two week high of $97.43. The stock has a market capitalization of $18.32 billion, a P/E ratio of 4,367.37, a P/E/G ratio of 1.16 and a beta of 0.89.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $900.00 million during the quarter, compared to analyst estimates of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.CoStar Group’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, sell-side analysts expect that CoStar Group will post 0.94 earnings per share for the current fiscal year.

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

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.