CoStar Group, Inc. (NASDAQ:CSGP) Receives $55.94 Average Target Price from Brokerages

by · The Cerbat Gem

Shares of CoStar Group, Inc. (NASDAQ:CSGP – Get Free Report) have been assigned an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $55.9412.

A number of equities research analysts have recently issued reports on CSGP shares. The Goldman Sachs Group lowered their price target on shares of CoStar Group from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Citigroup decreased their price target on shares of CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Keefe, Bruyette & Woods dropped their price objective on CoStar Group from $57.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. dropped their price objective on CoStar Group from $82.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, Needham & Company LLC dropped their price objective on CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th.

Get Our Latest Research Report on CSGP

CoStar Group Trading Down 0.3%

Shares of CoStar Group stock opened at $32.20 on Thursday. CoStar Group has a 52-week low of $31.35 and a 52-week high of $97.43. The stock’s 50-day simple moving average is $36.88 and its 200 day simple moving average is $51.59. The stock has a market capitalization of $13.15 billion, a P/E ratio of 536.76, a P/E/G ratio of 0.83 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20.

CoStar Group (NASDAQ:CSGP – Get Free Report) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The business had revenue of $897.00 million during the quarter, compared to analyst estimates of $896.73 million. During the same quarter in the previous year, the firm earned ($0.04) EPS. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, research analysts anticipate that CoStar Group will post 1.03 EPS for the current year.

Insider Activity at CoStar Group

In related news, Director Louise S. Sams acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the transaction, the director owned 20,409 shares in the company, valued at approximately $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew C. Florance acquired 71,430 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at $60,644,848. The trade was a 4.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Reflection Asset Management bought a new position in shares of CoStar Group in the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. bought a new position in shares of CoStar Group in the fourth quarter worth approximately $29,000. Westside Investment Management Inc. increased its position in shares of CoStar Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock worth $30,000 after purchasing an additional 180 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of CoStar Group in the third quarter worth approximately $31,000. Finally, DV Equities LLC bought a new position in shares of CoStar Group in the fourth quarter worth approximately $40,000. 96.60% of the stock is currently owned by institutional investors.

About CoStar Group

(Get Free Report)

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.

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