CoStar Group (NASDAQ:CSGP) Stock Rating Reaffirmed as Buy by Needham & Company LLC

CoStar Group (NASDAQ:CSGP - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Needham & Company LLC in a research report issued on Tuesday, Benzinga reports. They presently have a $40.00 target price on the technology company's stock. Needham & Company LLC's target price would indicate a potential upside of 44.61% from the company's previous close.

Other analysts have also issued research reports about the company. BTIG Research decreased their price target on CoStar Group from $55.00 to $42.00 and set a "buy" rating on the stock in a report on Wednesday, July 29th. Robert W. Baird set a $34.00 price objective on shares of CoStar Group and gave the company a "neutral" rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. lowered their target price on shares of CoStar Group from $58.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of CoStar Group in a research note on Monday, September 21st. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $33.00 price target (up from $31.00) on shares of CoStar Group in a report on Monday, August 24th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $40.11.

CoStar Group Stock Up 1.0%

Shares of NASDAQ:CSGP opened at $27.66 on Tuesday. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 145.59, a PEG ratio of 0.70 and a beta of 0.80. CoStar Group has a 12 month low of $25.89 and a 12 month high of $85.24. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $30.32 and a 200 day moving average price of $32.74.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The company had revenue of $925.00 million for the quarter, compared to analysts' expectations of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The firm's revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, equities research analysts predict that CoStar Group will post 1.07 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew C. Florance acquired 83,300 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the acquisition, the chief executive officer directly owned 1,806,165 shares of the company's stock, valued at $53,986,271.85. This represents a 4.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the sale, the chief accounting officer directly owned 18,822 shares of the company's stock, valued at approximately $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.18% of the stock is currently owned by insiders.

Institutional Trading of CoStar Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bamco Inc. NY increased its holdings in CoStar Group by 1.3% during the 4th quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company's stock worth $1,311,052,000 after purchasing an additional 242,533 shares during the period. BlackRock Inc. bought a new position in shares of CoStar Group during the 2nd quarter worth $957,612,000. Principal Financial Group Inc. increased its position in CoStar Group by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company's stock valued at $713,866,000 after purchasing an additional 130,118 shares during the period. Akre Capital Management LLC raised its stake in CoStar Group by 3.3% in the fourth quarter. Akre Capital Management LLC now owns 9,617,805 shares of the technology company's stock worth $646,701,000 after buying an additional 311,320 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in CoStar Group by 20.2% in the fourth quarter. Janus Henderson Group PLC now owns 7,473,380 shares of the technology company's stock worth $502,487,000 after buying an additional 1,256,573 shares in the last quarter. 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 and residential real estate industries. The company collects, analyzes and distributes property and market data used by real estate owners, brokers, investors, lenders, appraisers and other professionals to evaluate properties, track market conditions and support business decisions.

Its portfolio includes CoStar, a commercial real estate information and research platform; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.