CoStar Group, Inc. (NASDAQ:CSGP) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst sentiment is mixed: Twenty analysts rate CoStar Group “Hold” overall, with nine buys, nine holds and two sells. The average 12-month price target is $41.61, although several brokerages recently lowered their targets.
• Quarterly results exceeded expectations: CoStar reported adjusted EPS of $0.32 versus the $0.29 consensus estimate, while revenue reached $925 million, up 18.4% year over year but slightly below estimates.
• Shares remain well below their annual high: CSGP traded at $31.48 after rising 4.1%, compared with a 52-week range of $25.89 to $94.95. CEO Andrew Florance purchased 83,300 shares, while another executive sold 4,788 shares; institutional investors own 96.6% of the stock.

CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) has received a consensus rating of "Hold" from the twenty analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $41.6111.

Several brokerages have recently issued reports on CSGP. Needham & Company LLC reduced their price objective on CoStar Group from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, July 29th. Wall Street Zen cut CoStar Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Bank of America cut their target price on shares of CoStar Group from $42.00 to $37.00 and set a "neutral" rating for the company in a research note on Tuesday, May 19th. JPMorgan Chase & Co. reduced their target price on shares of CoStar Group from $58.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Finally, Citizens Jmp decreased their price target on shares of CoStar Group from $44.00 to $35.00 and set a "market outperform" rating on the stock in a research note on Wednesday, July 29th.

Insider Activity at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the firm's stock in a transaction 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 owned 18,822 shares in the company, valued at $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew C. Florance acquired 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the transaction, the chief executive officer owned 1,806,165 shares of the company's stock, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. United Capital Financial Advisors LLC boosted its holdings in CoStar Group by 2.3% in the third quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company's stock valued at $637,000 after acquiring an additional 167 shares during the last quarter. Man Group plc boosted its stake in shares of CoStar Group by 1.7% in the 2nd quarter. Man Group plc now owns 10,368 shares of the technology company's stock valued at $834,000 after purchasing an additional 177 shares during the last quarter. Norinchukin Bank The grew its position in shares of CoStar Group by 0.5% during the 3rd quarter. Norinchukin Bank The now owns 35,539 shares of the technology company's stock worth $2,998,000 after buying an additional 184 shares during the period. Keel Point LLC grew its position in shares of CoStar Group by 6.4% during the 2nd quarter. Keel Point LLC now owns 3,830 shares of the technology company's stock worth $308,000 after buying an additional 231 shares during the period. Finally, Horizon Investments LLC raised its stake in shares of CoStar Group by 1.8% during the fourth quarter. Horizon Investments LLC now owns 14,079 shares of the technology company's stock worth $947,000 after buying an additional 247 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

CoStar Group Trading Up 4.1%

Shares of CSGP opened at $31.48 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a 50 day simple moving average of $30.23 and a 200-day simple moving average of $38.58. CoStar Group has a 1-year low of $25.89 and a 1-year high of $94.95. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 165.69, a price-to-earnings-growth ratio of 0.80 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. The firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.CoStar Group's revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 forecast that CoStar Group will post 1.06 EPS for the current fiscal year.

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar's offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.

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