CoStar Group (NASDAQ:CSGP) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of CoStar Group (NASDAQ:CSGP) from a hold rating to a buy rating in a report issued on Saturday morning.

Several other brokerages have also recently weighed in on CSGP. Benchmark initiated coverage on shares of CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 price objective on the stock. Robert W. Baird set a $34.00 target price on shares of CoStar Group and gave the company a “neutral” rating in a report on Tuesday, July 14th. Keefe, Bruyette & Woods reduced their price objective on CoStar Group from $50.00 to $41.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Wells Fargo & Company set a $26.00 target price on CoStar Group and gave the company an “underweight” rating in a research report on Wednesday, June 24th. Finally, Stephens cut their price target on CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and a consensus target price of $51.50.

CoStar Group Trading Up 1.9%

Shares of CSGP stock opened at $27.66 on Friday. CoStar Group has a 12-month low of $26.68 and a 12-month high of $97.43. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $30.98 and its 200 day moving average is $41.31. The stock has a market capitalization of $11.30 billion, a P/E ratio of 461.08, a P/E/G ratio of 0.71 and a beta of 0.74.

CoStar Group (NASDAQ:CSGP) last announced 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. The business had revenue of $897.00 million during the quarter, compared to analyst estimates of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. 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. Research analysts expect that CoStar Group will post 1.03 earnings per share for the current year.

Insider Transactions at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance acquired 71,430 shares of the stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of CoStar Group during the fourth quarter valued at about $476,765,000. Baillie Gifford & Co. lifted its position in shares of CoStar Group by 56.9% in the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after buying an additional 4,691,543 shares in the last quarter. Capital International Investors boosted its stake in CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after buying an additional 4,053,456 shares during the last quarter. Viking Global Investors LP purchased a new position in CoStar Group during the 2nd quarter valued at approximately $258,773,000. Finally, Goldman Sachs Group Inc. increased its stake in CoStar Group by 70.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock worth $252,238,000 after acquiring an additional 1,556,100 shares during the last quarter. 96.60% of the stock is currently 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.