CoStar Group (NASDAQ:CSGP) Research Coverage Started at BNP Paribas Exane

BNP Paribas Exane began coverage on shares of CoStar Group (NASDAQ:CSGP) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $64.00 price target on the technology company’s stock.

Several other analysts have also recently commented on the stock. Citizens Jmp decreased their price target on shares of CoStar Group from $100.00 to $78.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 8th. BMO Capital Markets cut their price objective on CoStar Group from $77.00 to $72.00 and set a “market perform” rating for the company in a research report on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $84.00 target price on shares of CoStar Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft set a $68.00 price target on CoStar Group in a research note on Thursday, January 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

CoStar Group Stock Up 3.1%

NASDAQ CSGP opened at $65.34 on Wednesday. CoStar Group has a 12 month low of $57.01 and a 12 month high of $97.43. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12. The stock has a market cap of $27.69 billion, a PE ratio of 1,306.80, a P/E/G ratio of 1.62 and a beta of 0.84. The stock’s 50 day moving average is $66.30 and its 200 day moving average is $78.17.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The firm had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. During the same quarter last year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. 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. Research analysts predict that CoStar Group will post 0.94 EPS for the current fiscal year.

CoStar Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 5.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On CoStar Group

A number of institutional investors and hedge funds have recently modified their holdings of CSGP. Quent Capital LLC purchased a new stake in CoStar Group during the 3rd quarter valued at $26,000. Rossby Financial LCC increased its position in CoStar Group by 315.9% during the second quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock valued at $27,000 after acquiring an additional 259 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of CoStar Group in the third quarter valued at $28,000. Westside Investment Management Inc. raised its stake 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 valued at $30,000 after acquiring an additional 180 shares during the period. Finally, Root Financial Partners LLC bought a new stake in shares of CoStar Group in the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

About CoStar Group

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.