CoStar Group (NASDAQ:CSGP) Given New $26.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo raised CoStar Group’s price target from $25 to $26 but maintained an “underweight” rating, implying approximately 10.5% downside from the stock’s current price.
• CoStar reported quarterly EPS of $0.38, beating the $0.34 consensus estimate, while revenue rose 14.1% year over year to $952 million. Despite the strong results, the stock was down 9.3% and trading near its 12-month low.
• Analyst opinion remains mixed: CoStar has a consensus “Hold” rating and a $39.74 average price target, based on 10 Buy, eight Hold, and two Sell ratings. CEO Andrew Florance also purchased approximately $2.5 million of company shares.

CoStar Group (NASDAQ:CSGP - Get Free Report) had its target price raised by analysts at Wells Fargo & Company from $25.00 to $26.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an "underweight" rating on the technology company's stock. Wells Fargo & Company's price target points to a potential downside of 10.50% from the stock's current price.

Several other equities analysts have also commented on CSGP. Weiss Ratings reaffirmed a "sell (d)" rating on shares of CoStar Group in a report on Monday, September 21st. Royal Bank Of Canada set a $34.00 price target on CoStar Group and gave the stock a "sector perform" rating in a research note on Monday, July 13th. Wolfe Research reaffirmed an "outperform" rating and issued a $32.00 target price (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. Robert W. Baird set a $34.00 price target on shares of CoStar Group and gave the company a "neutral" rating in a research report on Tuesday, July 14th. Finally, William Blair lowered shares of CoStar Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, CoStar Group presently has a consensus rating of "Hold" and a consensus target price of $39.74.

CoStar Group Stock Down 9.3%

CSGP stock opened at $29.05 on Wednesday. The firm has a market capitalization of $11.77 billion, a PE ratio of 153.20 and a beta of 0.80. CoStar Group has a twelve month low of $25.89 and a twelve month high of $72.50. The stock has a 50-day simple moving average of $30.56 and a two-hundred day simple moving average of $37.41.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $952.00 million for the quarter, compared to the consensus estimate of $945.82 million. CoStar Group's quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS. On average, equities research analysts anticipate that CoStar Group will post 1.07 EPS for the current fiscal year.

Insider Buying and Selling

In other CoStar Group news, CEO Andrew Florance acquired 83,300 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the transaction, the chief executive officer directly owned 1,806,165 shares of the company's stock, valued at approximately $53,986,271.85. This represents a 4.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the company'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 transaction, the chief accounting officer owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.18% of the stock is owned by insiders.

Institutional Investors Weigh In On CoStar Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Transamerica Financial Advisors LLC purchased a new stake in CoStar Group during the second quarter valued at approximately $33,000. Pin Oak Investment Advisors Inc. bought a new position in shares of CoStar Group during the 2nd quarter valued at approximately $47,000. Root Financial Partners LLC bought a new stake in CoStar Group during the 3rd quarter worth approximately $48,000. CYBER HORNET ETFs LLC increased its stake in shares of CoStar Group by 50.8% in the second quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company's stock worth $50,000 after purchasing an additional 592 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in CoStar Group in the 2nd quarter worth $59,000. Hedge funds and other institutional investors own 96.60% of the company's stock.

CoStar Group News Summary

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Strong third-quarter results and higher guidance: CoStar reported record revenue of $952 million, up approximately 14% year over year, while adjusted EBITDA reached a record $229 million—roughly double the prior-year level. Adjusted EPS of $0.38 exceeded the $0.34 consensus estimate, and the company raised its 2026 adjusted EBITDA outlook to $820 million-$840 million while targeting $1.25 billion in 2028. CoStar Group third-quarter results
• Positive Sentiment: Vexcel acquisition expands data capabilities: CoStar agreed to acquire Vexcel for approximately $730 million, adding high-resolution aerial imagery that could improve property search, analytics and digital-twin products. The deal may strengthen CoStar’s competitive position, although investors will assess its integration and return on investment. CoStar to acquire Vexcel
• Positive Sentiment: Some analysts see upside: Needham reaffirmed its “buy” rating with a $40 price target, while BTIG maintained a “buy” rating despite reducing its target from $42 to $35. Those targets imply potential upside from current levels. Analyst ratings

CoStar Group Company Profile

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 to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.

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