CoStar Group (NASDAQ:CSGP) Trading Up 6.5% – Here’s Why

Shares of CoStar Group, Inc. (NASDAQ:CSGP) were up 6.5% during trading on Thursday . The stock traded as high as $30.30 and last traded at $30.3310. Approximately 1,657,027 shares changed hands during trading, a decline of 77% from the average daily volume of 7,169,962 shares. The stock had previously closed at $28.49.

Analysts Set New Price Targets

A number of brokerages recently commented on CSGP. 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 report on Monday. Wall Street Zen cut CoStar Group from a “buy” rating to a “hold” rating in a report on Sunday. Wells Fargo & Company set a $26.00 price target on CoStar Group and gave the company an “underweight” rating in a report on Wednesday, June 24th. Bank of America reduced their price objective on CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Finally, Robert W. Baird set a $34.00 price objective on CoStar Group and gave the stock a “neutral” rating in a report on Tuesday. Twelve analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and a consensus target price of $51.50.

CoStar Group Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The company has a fifty day moving average price of $31.57 and a two-hundred day moving average price of $43.02. The company has a market cap of $12.37 billion, a P/E ratio of 504.78, a PEG ratio of 0.71 and a beta of 0.74.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $896.73 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. CoStar Group’s revenue was up 22.5% on a year-over-year basis. 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. On average, sell-side analysts anticipate that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew C. Florance acquired 71,430 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the purchase, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. This trade represents a 4.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.18% of the stock is currently owned by corporate insiders.

Institutional Trading of CoStar Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSGP. Reflection Asset Management bought a new position in shares of CoStar Group in the 4th quarter valued at about $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of CoStar Group in the 4th quarter valued at about $29,000. DV Equities LLC bought a new stake in shares of CoStar Group in the 4th quarter valued at about $40,000. IFP Advisors Inc lifted its stake in CoStar Group by 329.4% in the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after purchasing an additional 471 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in CoStar Group by 25,650.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after purchasing an additional 513 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

CoStar Group Company Profile

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.