CoStar Group, Inc. (NASDAQ:CSGP) Stock Has Average Price Target of $40.11

Key Points

• Analysts have a neutral view of CoStar Group: Twenty analysts give the stock an average “Hold” rating, with a 12-month price target of $40.11 versus a recent price of $26.95.
• Insider activity was mixed: CEO Andrew Florance bought 83,300 shares worth approximately $2.49 million, while Chief Accounting Officer Cynthia Cammett Cann sold 4,788 shares.
• CoStar’s latest quarterly results exceeded expectations on earnings, reporting $0.32 EPS versus the $0.29 consensus, while revenue rose 18.4% year over year to $925 million but fell slightly short of estimates.

CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) has received an average recommendation of "Hold" from the twenty analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $40.11.

Several research analysts have issued reports on CSGP shares. Keefe, Bruyette & Woods lowered CoStar Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $41.00 to $29.00 in a research note on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 target price on shares of CoStar Group and gave the company a "sector perform" rating in a research note on Monday, July 13th. Weiss Ratings reiterated a "sell (d)" rating on shares of CoStar Group in a research report on Monday, September 21st. Wolfe Research reiterated an "outperform" rating and set a $32.00 target price (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. Finally, Citizens Jmp cut their price target on shares of CoStar Group from $44.00 to $35.00 and set a "market outperform" rating for the company in a report on Wednesday, July 29th.

Insider Buying and Selling

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the sale, the chief accounting officer directly owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew C. Florance purchased 83,300 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the acquisition, the chief executive officer directly owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.18% of the company's stock.

Hedge Funds Weigh In On CoStar Group

Institutional investors and hedge funds have recently bought and sold shares of the business. QRG Capital Management Inc. increased its stake in shares of CoStar Group by 85.8% in the second quarter. QRG Capital Management Inc. now owns 57,474 shares of the technology company's stock valued at $1,628,000 after buying an additional 26,535 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of CoStar Group by 5.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 341,444 shares of the technology company's stock valued at $9,670,000 after buying an additional 17,067 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in CoStar Group by 6.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 54,883 shares of the technology company's stock worth $1,554,000 after buying an additional 3,195 shares in the last quarter. Tidal Investments LLC lifted its position in CoStar Group by 176.9% during the 2nd quarter. Tidal Investments LLC now owns 68,552 shares of the technology company's stock worth $1,941,000 after buying an additional 43,798 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in CoStar Group during the 2nd quarter worth about $2,773,000. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Trading Down 0.3%

CSGP stock opened at $26.95 on Wednesday. CoStar Group has a 1-year low of $25.89 and a 1-year high of $85.24. The firm has a market cap of $10.92 billion, a P/E ratio of 141.85, a P/E/G ratio of 0.69 and a beta of 0.75. The business's 50 day moving average is $30.35 and its 200-day moving average is $33.19. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The business had revenue of $925.00 million during 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%.CoStar Group's quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. 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. Equities analysts anticipate that CoStar Group will post 1.07 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.