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

Key Points

• CoStar Group, Inc. (NASDAQ:CSGP) received an average rating of "Moderate Buy" from nineteen brokerages, with one sell, five hold, twelve buy, and one strong buy recommendation.
• Analysts set an average 12-month price target for CoStar Group at $94.15, with recent upgrades from various firms including Wolfe Research and JPMorgan Chase & Co.
• Insider trading has been observed, with notable sales amounting to $4.78 million in the last three months, indicating some executives have decreased their holdings in the company.

Shares of CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) have been given an average rating of "Moderate Buy" by the nineteen ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $94.1538.

Several equities analysts recently weighed in on CSGP shares. Wolfe Research started coverage on CoStar Group in a research note on Wednesday, September 3rd. They issued an "outperform" rating and a $105.00 price objective for the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $91.00 price objective on shares of CoStar Group in a research note on Thursday, October 9th. JPMorgan Chase & Co. raised their price objective on CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $70.00 price objective (up from $65.00) on shares of CoStar Group in a research note on Wednesday, July 16th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of CoStar Group in a research note on Wednesday, October 8th.

CoStar Group Stock Up 0.7%

CSGP opened at $75.73 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83. The business has a 50 day simple moving average of $86.73 and a 200-day simple moving average of $82.76. The stock has a market capitalization of $32.08 billion, a P/E ratio of 302.92, a P/E/G ratio of 3.46 and a beta of 0.87. CoStar Group has a 12 month low of $68.26 and a 12 month high of $97.43.

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

Insider Buying and Selling at CoStar Group

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the completion of the transaction, the insider owned 319,539 shares of the company's stock, valued at approximately $29,790,620.97. This trade represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the firm's 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 directly owned 25,771 shares of the company's stock, valued at $2,392,837.35. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock valued at $4,777,764 in the last three months. 1.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CoStar Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in CoStar Group by 42.4% in the first quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock valued at $96,000 after acquiring an additional 360 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in CoStar Group in the first quarter valued at $221,000. Generate Investment Management Ltd acquired a new position in CoStar Group in the second quarter valued at $6,306,000. PFG Investments LLC acquired a new position in CoStar Group in the first quarter valued at $234,000. Finally, Golden State Wealth Management LLC boosted its holdings in CoStar Group by 6.3% in the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock valued at $268,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

About CoStar Group

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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