CoStar Group, Inc. (NASDAQ:CSGP) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• CoStar Group, Inc. has received a consensus rating of "Moderate Buy" from 17 brokerages, with 12 analysts recommending a buy and one giving a strong buy rating.
• The average 12-month price target for CoStar Group's stock is $94.15, with notable upgrades from firms like JPMorgan and Stephens increasing their targets to $101.00 and $105.00, respectively.
• Insider trading activity included the sale of 25,000 shares by insider Frederick G. Saint for approximately $2.33 million, indicating a 7.26% decrease in their position.

CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seventeen research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $94.1538.

A number of equities analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of CoStar Group from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company reissued an "underweight" rating and set a $70.00 price objective (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. William Blair reissued an "outperform" rating on shares of CoStar Group in a report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of CoStar Group from $87.00 to $101.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, BMO Capital Markets boosted their price objective on shares of CoStar Group from $82.00 to $89.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd.

CoStar Group Stock Performance

CSGP traded down $2.16 during trading on Friday, hitting $87.10. The stock had a trading volume of 5,822,564 shares, compared to its average volume of 2,133,424. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. The firm has a market capitalization of $36.90 billion, a P/E ratio of 348.40, a PEG ratio of 4.01 and a beta of 0.87. The company's 50-day moving average price is $89.76 and its 200 day moving average price is $82.42. CoStar Group has a twelve month low of $68.26 and a twelve month high of $97.43.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating 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%. CoStar Group's revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. 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 research analysts forecast that CoStar Group will post 0.94 EPS for the current fiscal year.

Insider Transactions at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.85, for a total value of $188,764.05. Following the sale, the chief accounting officer directly owned 25,771 shares of the company's stock, valued at approximately $2,392,837.35. This represents a 7.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $90.33, for a total transaction of $2,258,250.00. Following the completion of the sale, the insider directly owned 293,103 shares in the company, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,033 shares of company stock worth $4,777,764. 1.09% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSGP. Vident Advisory LLC lifted its holdings in CoStar Group by 6.0% in the 4th quarter. Vident Advisory LLC now owns 16,167 shares of the technology company's stock valued at $1,157,000 after purchasing an additional 917 shares in the last quarter. Woodline Partners LP purchased a new position in shares of CoStar Group during the 4th quarter worth about $1,763,000. Voloridge Investment Management LLC purchased a new position in shares of CoStar Group during the 4th quarter worth about $2,402,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in CoStar Group by 26.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,647,849 shares of the technology company's stock valued at $189,560,000 after buying an additional 551,594 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in shares of CoStar Group in the fourth quarter valued at about $205,000. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

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.