CoStar Group, Inc. (NASDAQ:CSGP) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Wall Street’s consensus rating is “Hold”: Of 20 analysts covering CoStar Group, nine rate it a buy, nine a hold and two a sell. The average 12-month price target is $40.11.
• Analyst views remain mixed: Recent targets range from $32 to $52, with Wolfe Research and Goldman Sachs maintaining positive ratings while William Blair downgraded the stock to “market perform.”
• CoStar reported solid growth but trades at a high valuation: Quarterly EPS of $0.32 exceeded estimates, while revenue increased 18.4% year over year. Shares opened at $33.92, with a P/E ratio of 178.54, and institutional investors own 96.6% of the stock.

CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) has been given an average recommendation of "Hold" by the twenty research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $40.11.

CSGP has been the subject of several analyst reports. Wolfe Research reissued an "outperform" rating and issued a $32.00 price target (down from $35.00) on shares of CoStar Group in a report on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $40.00 price target on shares of CoStar Group in a report on Wednesday, July 29th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $33.00 price target (up from $31.00) on shares of CoStar Group in a report on Monday, August 24th. JPMorgan Chase & Co. lowered their price objective on CoStar Group from $58.00 to $52.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 29th. Finally, William Blair lowered CoStar Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 29th.

Insider Transactions at CoStar Group

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

Institutional Investors Weigh In On CoStar Group

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

CoStar Group Price Performance

CSGP stock opened at $33.92 on Friday. The firm has a 50 day moving average of $30.49 and a 200-day moving average of $31.80. 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 has a 12 month low of $25.89 and a 12 month high of $79.08. The firm has a market capitalization of $13.74 billion, a P/E ratio of 178.54, a price-to-earnings-growth ratio of 0.86 and a beta of 0.80.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $925.00 million during the quarter, compared to analysts' expectations of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. CoStar Group's revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, sell-side analysts predict that CoStar Group will post 1.07 earnings per share for the current fiscal year.

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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