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

CoStar Group, Inc. (NASDAQ:CSGP) has received a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $40.11.

A number of analysts have commented on the company. Royal Bank Of Canada set a $34.00 target price on CoStar Group and gave the stock a “sector perform” rating in a research report on Monday, July 13th. Citizens Jmp cut 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 note on Wednesday, July 29th. Wall Street Zen downgraded CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. KeyCorp set a $33.00 price objective on CoStar Group in a report on Monday, August 24th. Finally, Citigroup lowered shares of CoStar Group from a “market outperform” rating to a “neutral” rating and lowered their price target for the stock from $70.00 to $33.00 in a research report on Wednesday, July 29th.

Insider Buying and Selling at CoStar Group

In related news, CEO Andrew Florance bought 83,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the transaction, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at $53,986,271.85. This represents a 4.83% 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. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the 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 sale, the chief accounting officer owned 18,822 shares in the company, valued at approximately $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

A number of hedge funds and other institutional investors have recently modified their holdings of CSGP. Reflection Asset Management acquired a new stake in CoStar Group during the 4th quarter worth approximately $27,000. IFP Advisors Inc grew its stake in shares of CoStar Group by 329.4% in the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after purchasing an additional 471 shares during the last quarter. New Mexico Educational Retirement Board raised its position in CoStar Group by 2.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 19,600 shares of the technology company’s stock valued at $1,318,000 after buying an additional 500 shares during the period. Empirical Finance LLC grew its stake in shares of CoStar Group by 6.6% in the 2nd quarter. Empirical Finance LLC now owns 8,770 shares of the technology company’s stock valued at $248,000 after buying an additional 545 shares in the last quarter. Finally, Mufg Securities Americas Inc. increased its holdings in shares of CoStar Group by 4.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 12,300 shares of the technology company’s stock worth $348,000 after purchasing an additional 573 shares during the period. Institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Down 1.2%

CSGP opened at $27.38 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 144.11, a PEG ratio of 0.71 and a beta of 0.80. The business has a fifty day moving average price of $30.35 and a 200 day moving average price of $32.93. CoStar Group has a 12 month low of $25.89 and a 12 month high of $85.24.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 EPS. 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. Sell-side analysts expect that CoStar Group will post 1.07 earnings per share for the current fiscal 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.