CoStar Group, Inc. (NASDAQ:CSGP) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• CoStar Group, Inc. has received an average rating of "Moderate Buy" from analysts, with overall recommendations including one sell, three holds, eleven buys, and one strong buy.
• The company reported earnings of $0.17 EPS for the last quarter, surpassing expectations, alongside a revenue increase of 15.2% year-over-year.
• Institutional investors hold 96.60% of CoStar Group's stock, with notable increases in holdings from Vanguard Group and Bamco Inc. in the second quarter.

Shares of CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) have been given an average rating of "Moderate Buy" by the sixteen brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, eleven have assigned a buy recommendation and one has assigned 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 $93.25.

CSGP has been the subject of several analyst reports. Royal Bank Of Canada lifted their price objective on CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Bank of America assumed coverage on CoStar Group in a research note on Friday, May 30th. They issued a "neutral" rating and a $79.00 price target for the company. JMP Securities reaffirmed a "market outperform" rating and set a $85.00 price objective on shares of CoStar Group in a research report on Wednesday, April 30th. William Blair reiterated an "outperform" rating on shares of CoStar Group in a research note on Wednesday, July 23rd. Finally, Robert W. Baird raised their target price on shares of CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd.

CoStar Group Price Performance

Shares of CoStar Group stock opened at $90.51 on Tuesday. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $38.34 billion, a price-to-earnings ratio of 362.04, a price-to-earnings-growth ratio of 4.44 and a beta of 0.85. CoStar Group has a twelve month low of $68.26 and a twelve month high of $97.43. The company has a 50-day simple moving average of $87.18 and a two-hundred day simple moving average of $80.82.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $781.30 million for the quarter, compared to analysts' expectations of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Analysts forecast that CoStar Group will post 0.94 EPS for the current year.

Insider Activity at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.85, for a total value of $188,764.05. Following the transaction, the chief accounting officer owned 25,771 shares in the company, valued at approximately $2,392,837.35. This trade represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $93.23, for a total value of $2,330,750.00. Following the transaction, the insider directly owned 319,539 shares of the company's stock, valued at $29,790,620.97. This trade represents a 7.26% decrease in their position. The disclosure for this sale can be found here. 1.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of CoStar Group by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 68,847,483 shares of the technology company's stock valued at $5,535,338,000 after purchasing an additional 420,772 shares in the last quarter. Bamco Inc. NY increased its position in CoStar Group by 3.4% in the 2nd quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company's stock valued at $1,582,267,000 after acquiring an additional 647,413 shares during the period. State Street Corp raised its position in CoStar Group by 0.9% during the 2nd quarter. State Street Corp now owns 17,732,968 shares of the technology company's stock worth $1,425,731,000 after purchasing an additional 158,539 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CoStar Group by 2.4% in the second quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company's stock worth $989,905,000 after acquiring an additional 290,404 shares during the period. Finally, Baillie Gifford & Co. lifted its position in shares of CoStar Group by 6.6% in the 1st quarter. Baillie Gifford & Co. now owns 8,436,199 shares of the technology company's stock worth $668,400,000 after purchasing an additional 524,601 shares during the period. Institutional investors own 96.60% of the company's stock.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.

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