CoStar Group, Inc. (NASDAQ:CSGP) Receives Average Rating of “Moderate Buy” from Brokerages

CoStar Group, Inc. (NASDAQ:CSGP) has been given a consensus recommendation of “Moderate Buy” by the twenty research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $93.3846.

A number of equities analysts recently issued reports on CSGP shares. Wolfe Research began coverage on shares of CoStar Group in a research report on Wednesday, September 3rd. They issued an “outperform” rating and a $105.00 target price for the company. Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a research note on Wednesday, October 29th. Jefferies Financial Group upgraded shares of CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Needham & Company LLC reissued a “buy” rating and set a $105.00 target price on shares of CoStar Group in a report on Monday. Finally, Wells Fargo & Company set a $60.00 price target on CoStar Group and gave the company an “underweight” rating in a research note on Monday, November 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Quent Capital LLC bought a new position in shares of CoStar Group in the third quarter valued at $26,000. Rossby Financial LCC grew its holdings in shares of CoStar Group by 315.9% in the 2nd quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock worth $27,000 after acquiring an additional 259 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of CoStar Group in the 3rd quarter worth $28,000. Bayforest Capital Ltd acquired a new stake in shares of CoStar Group during the first quarter worth $29,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after purchasing an additional 180 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Stock Down 2.5%

CSGP opened at $66.33 on Thursday. The stock’s 50 day moving average price is $72.44 and its 200 day moving average price is $80.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12. The stock has a market cap of $28.11 billion, a P/E ratio of 1,326.60, a P/E/G ratio of 3.29 and a beta of 0.84. CoStar Group has a 12 month low of $63.82 and a 12 month high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $833.60 million during the quarter, compared to analysts’ expectations of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 earnings per share. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. As a group, research analysts predict that CoStar Group will post 0.94 earnings per share for the current year.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.