CoStar Group, Inc. (NASDAQ:CSGP) Stock Has Average Price Target of $40.11 According to Brokerages

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have been assigned an average rating of “Hold” from the twenty ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $40.11.

A number of research analysts have commented on CSGP shares. Citizens Jmp decreased their target price on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price target on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Citigroup downgraded shares of CoStar Group from a “market outperform” rating to a “neutral” rating and reduced their price target for the company from $70.00 to $33.00 in a research note on Wednesday, July 29th. BTIG Research decreased their price objective on shares of CoStar Group from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada set a $34.00 price objective on shares of CoStar Group and gave the stock a “sector perform” rating in a research report on Monday, July 13th.

Insiders Place Their Bets

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the completion of the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Florance purchased 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the transaction, the chief executive officer owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CoStar Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CSGP. BlackRock Inc. acquired a new stake in shares of CoStar Group during the second quarter worth about $957,612,000. Bamco Inc. NY purchased a new position in shares of CoStar Group in the second quarter valued at approximately $612,470,000. Jupiter Topco LLC purchased a new position in shares of CoStar Group in the second quarter valued at approximately $221,826,000. Meritage Group LP acquired a new position in shares of CoStar Group in the second quarter valued at approximately $152,763,000. Finally, Capital International Investors grew its holdings in shares of CoStar Group by 59.7% in the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after purchasing an additional 4,053,456 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

CSGP opened at $27.38 on Wednesday. The stock has a market capitalization of $11.09 billion, a PE ratio of 144.11, a P/E/G ratio of 0.70 and a beta of 0.80. CoStar Group has a one year low of $25.89 and a one year high of $85.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. The business’s 50 day moving average price is $30.35 and its 200 day moving average price is $32.86.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The company had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. During the same quarter last year, the firm earned $0.17 earnings per share. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, equities research analysts expect that CoStar Group will post 1.07 EPS for the current year.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes and distributes property and market data used by real estate owners, brokers, investors, lenders, appraisers and other professionals to evaluate properties, track market conditions and support business decisions.

Its portfolio includes CoStar, a commercial real estate information and research platform; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.