CoStar Group (NASDAQ:CSGP) Stock Price Down 4.8% - What's Next?

Key Points

• CoStar Group's stock price declined by 4.8% to $80.77, with trading volume down by 65% compared to the average session.
• Analyst ratings for CoStar Group include one Strong Buy, twelve Buy, five Hold, and one Sell, with a consensus price target of $94.15.
• The company reported a net margin of 3.57% and a year-over-year revenue increase of 15.2% in its latest quarterly earnings results.

CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) shares traded down 4.8% during trading on Monday . The company traded as low as $81.77 and last traded at $80.77. 1,092,133 shares changed hands during trading, a decline of 65% from the average session volume of 3,086,528 shares. The stock had previously closed at $84.80.

Analyst Ratings Changes

CSGP has been the topic of a number of recent analyst reports. BTIG Research began coverage on shares of CoStar Group in a report on Friday. They set a "neutral" rating on the stock. William Blair reaffirmed an "outperform" rating on shares of CoStar Group in a research report on Wednesday, July 23rd. 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. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of CoStar Group in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. One research 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $94.15.

CoStar Group Stock Performance

The company has a market cap of $34.38 billion, a P/E ratio of 324.60, a price-to-earnings-growth ratio of 3.90 and a beta of 0.87. 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 company's 50-day moving average is $89.20 and its two-hundred day moving average is $82.88.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share 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%. CoStar Group's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.85, for a total value of $188,764.05. Following the completion of the transaction, the chief accounting officer owned 25,771 shares of the company's stock, valued at approximately $2,392,837.35. The trade was a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,033 shares of company stock valued at $4,777,764 over the last ninety days. 1.09% of the stock is owned by insiders.

Institutional Investors Weigh In On CoStar Group

A number of hedge funds have recently modified their holdings of CSGP. Farther Finance Advisors LLC raised its holdings in CoStar Group by 42.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,210 shares of the technology company's stock valued at $96,000 after buying an additional 360 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in CoStar Group during the first quarter worth approximately $221,000. Generate Investment Management Ltd acquired a new stake in shares of CoStar Group during the second quarter worth about $6,306,000. PFG Investments LLC purchased a new stake in shares of CoStar Group in the first quarter valued at about $234,000. Finally, Golden State Wealth Management LLC lifted its holdings in shares of CoStar Group by 6.3% during the first quarter. Golden State Wealth Management LLC now owns 3,385 shares of the technology company's stock worth $268,000 after purchasing an additional 200 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

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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