William Blair Increases Earnings Estimates for CoStar Group

Key Points

• William Blair has raised its Q1 2026 EPS estimate for CoStar Group from $0.15 to $0.19, maintaining an "Outperform" rating on the stock.
• CoStar Group recently reported a quarterly earnings of $0.17 per share, exceeding the consensus estimate of $0.14, along with a revenue of $781.30 million.
• The stock currently has a consensus rating of "Moderate Buy" with an average target price of $93.25, reflecting positive sentiment from multiple research analysts.

CoStar Group, Inc. (NASDAQ:CSGP - Free Report) - Stock analysts at William Blair increased their Q1 2026 earnings per share estimates for CoStar Group in a research report issued to clients and investors on Wednesday, July 23rd. William Blair analyst S. Sheldon now expects that the technology company will post earnings per share of $0.19 for the quarter, up from their prior forecast of $0.15. William Blair has a "Outperform" rating on the stock. The consensus estimate for CoStar Group's current full-year earnings is $0.94 per share. William Blair also issued estimates for CoStar Group's Q3 2026 earnings at $0.22 EPS and FY2026 earnings at $0.99 EPS.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company reiterated 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. Bank of America began coverage on CoStar Group in a report on Friday, May 30th. They set a "neutral" rating and a $79.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Needham & Company LLC lifted their price objective on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, CoStar Group has a consensus rating of "Moderate Buy" and an average target price of $93.25.

CoStar Group Trading Up 0.1%

Shares of CoStar Group stock traded up $0.06 during trading on Monday, hitting $96.31. 471,868 shares of the company were exchanged, compared to its average volume of 3,199,395. CoStar Group has a 1-year low of $68.26 and a 1-year high of $97.15. 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 firm has a market capitalization of $40.80 billion, a P/E ratio of 385.22, a price-to-earnings-growth ratio of 4.66 and a beta of 0.89. The firm's fifty day moving average price is $81.92 and its 200 day moving average price is $78.66.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS.

Insider Buying and Selling

In other news, CAO Cynthia Cammett Cann sold 2,033 shares of the company'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 sale, the chief accounting officer owned 25,771 shares in the company, valued at $2,392,837.35. This represents a 7.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Frederick G. Saint sold 25,000 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $93.23, for a total value of $2,330,750.00. Following the sale, the insider owned 319,539 shares in the company, valued at approximately $29,790,620.97. This represents a 7.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.09% of the company's stock.

Institutional Investors Weigh In On CoStar Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wayfinding Financial LLC bought a new stake in CoStar Group in the 1st quarter valued at $29,000. Bayforest Capital Ltd bought a new stake in CoStar Group in the 1st quarter valued at $29,000. GKV Capital Management Co. Inc. bought a new stake in CoStar Group in the 1st quarter valued at $31,000. Zions Bancorporation National Association UT bought a new stake in CoStar Group in the 1st quarter valued at $31,000. Finally, Cullen Frost Bankers Inc. raised its stake in CoStar Group by 137.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock valued at $32,000 after acquiring an additional 235 shares during the period. 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.