CoStar Group (NASDAQ:CSGP) Given Hold (C-) Rating at Weiss Ratings

Key Points

• CoStar Group's stock has received a "hold (C-)" rating from Weiss Ratings, while several other analysts have given it varying ratings including "overweight" from JPMorgan and "strong-buy" from Stephens.
• The company's stock is currently trading at $79.00 with a market capitalization of $33.47 billion, and it reported a 15.2% year-over-year revenue increase.
• Insider transactions show that executives have sold shares recently, with Frederick G. Saint selling 25,000 shares valued at approximately $2.3 million, indicating a potential shift in insider sentiment.

CoStar Group (NASDAQ:CSGP - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

CSGP has been the topic of several other reports. 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. Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 price target on the stock in a report on Monday, June 16th. Citigroup upped their price objective on shares of CoStar Group from $91.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. BTIG Research started coverage on shares of CoStar Group in a research report on Friday, October 3rd. They set a "neutral" rating on the stock. Finally, William Blair restated an "outperform" rating on shares of CoStar Group in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.15.

CoStar Group Stock Performance

Shares of CSGP stock traded down $1.60 on Wednesday, hitting $79.00. The company's stock had a trading volume of 4,221,061 shares, compared to its average volume of 2,954,367. The company has a market capitalization of $33.47 billion, a PE ratio of 316.00, a PEG ratio of 3.71 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. CoStar Group has a fifty-two week low of $68.26 and a fifty-two week high of $97.43. The stock's 50 day moving average is $88.31 and its 200-day moving average is $82.85.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued 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. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The firm had revenue of $781.30 million during the quarter, compared to the consensus estimate of $772.06 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business's quarterly revenue was up 15.2% on a year-over-year basis. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Equities research analysts expect that CoStar Group will post 0.94 earnings per share for the current fiscal year.

Insider Transactions at CoStar Group

In related news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $93.23, for a total value of $2,330,750.00. Following the completion of the sale, the insider directly owned 319,539 shares in the company, valued at $29,790,620.97. This trade represents a 7.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction 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. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,033 shares of company stock worth $4,777,764. Company insiders own 1.09% of the company's stock.

Institutional Investors Weigh In On CoStar Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rossby Financial LCC lifted its position in CoStar Group by 315.9% in the second quarter. Rossby Financial LCC now owns 341 shares of the technology company's stock valued at $27,000 after buying an additional 259 shares during the last quarter. Wayfinding Financial LLC purchased a new position in CoStar Group in the first quarter valued at approximately $29,000. Bayforest Capital Ltd purchased a new position in shares of CoStar Group during the first quarter worth approximately $29,000. GKV Capital Management Co. Inc. purchased a new position in shares of CoStar Group during the first quarter worth approximately $31,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of CoStar Group in the 1st quarter worth $31,000. 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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