Brokerages Set CoStar Group, Inc. (NASDAQ:CSGP) Price Target at $51.50

CoStar Group, Inc. (NASDAQ:CSGP) has received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $51.50.

CSGP has been the subject of a number of recent research reports. Benchmark initiated coverage on CoStar Group in a report on Thursday, June 4th. They issued a “buy” rating and a $45.00 target price for the company. Robert W. Baird set a $34.00 price target on CoStar Group and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Citigroup decreased their price objective on CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Bank of America cut their target price on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Finally, Needham & Company LLC reduced their target price on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th.

Insider Activity at CoStar Group

In other news, CEO Andrew C. Florance acquired 71,430 shares of the company’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the transaction, the chief executive officer 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

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

CoStar Group Price Performance

CoStar Group stock opened at $29.78 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13. CoStar Group has a 52-week low of $26.68 and a 52-week high of $97.43. The firm has a market cap of $12.16 billion, a PE ratio of 496.42, a price-to-earnings-growth ratio of 0.77 and a beta of 0.74. The company’s 50 day moving average is $31.41 and its two-hundred day moving average is $42.50.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The business had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.73 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. 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, research analysts expect that CoStar Group will post 1.03 EPS for the current fiscal year.

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.