Analysts Set CoStar Group, Inc. (NASDAQ:CSGP) Price Target at $83.59

CoStar Group, Inc. (NASDAQ:CSGP) has been given an average rating of “Moderate Buy” by the twenty-four brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $83.5882.

CSGP has been the subject of several research reports. Zacks Research downgraded shares of CoStar Group from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. BTIG Research assumed coverage on CoStar Group in a research note on Friday, October 3rd. They set a “neutral” rating for the company. Keefe, Bruyette & Woods cut their price target on CoStar Group from $100.00 to $75.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $55.00 price objective (down previously from $60.00) on shares of CoStar Group in a research note on Thursday, January 8th. Finally, Exane BNP Paribas raised CoStar Group to a “hold” rating in a report on Wednesday, January 14th.

CoStar Group Trading Down 1.0%

Shares of CSGP opened at $65.60 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12. CoStar Group has a 1 year low of $57.01 and a 1 year high of $97.43. The company has a 50 day simple moving average of $65.99 and a two-hundred day simple moving average of $77.51. The firm has a market cap of $27.80 billion, a P/E ratio of 1,312.00, a price-to-earnings-growth ratio of 1.72 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The firm had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. On average, equities analysts expect that CoStar Group will post 0.94 earnings per share for the current fiscal year.

CoStar Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, January 7th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On CoStar Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its position in shares of CoStar Group by 24.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,970 shares of the technology company’s stock valued at $132,000 after buying an additional 384 shares in the last quarter. Guidance Capital Inc. increased its stake in CoStar Group by 7.9% during the fourth quarter. Guidance Capital Inc. now owns 15,027 shares of the technology company’s stock worth $996,000 after acquiring an additional 1,106 shares during the last quarter. Patton Fund Management Inc. increased its stake in CoStar Group by 19.6% during the fourth quarter. Patton Fund Management Inc. now owns 3,181 shares of the technology company’s stock worth $214,000 after acquiring an additional 522 shares during the last quarter. Third View Private Wealth LLC purchased a new stake in CoStar Group during the fourth quarter valued at approximately $1,468,000. Finally, Baillie Gifford & Co. lifted its stake in shares of CoStar Group by 56.9% in the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after purchasing an additional 4,691,543 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

About CoStar Group

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.