CoStar Group, Inc. (NASDAQ:CSGP) Receives $40.11 Average Price Target from Brokerages

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have been given a consensus recommendation of “Hold” by the twenty brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $40.1053.

A number of equities analysts recently commented on the company. Royal Bank Of Canada set a $34.00 target price on CoStar Group and gave the company a “sector perform” rating in a report on Monday, July 13th. Bank of America reduced their price objective on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Benchmark started coverage on shares of CoStar Group in a report on Thursday, June 4th. They issued a “buy” rating and a $45.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $32.00 target price (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th.

Insider Activity at CoStar Group

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.78, for a total value of $147,374.64. Following the sale, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew C. Florance acquired 83,300 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the acquisition, the chief executive officer owned 1,806,165 shares of the company’s stock, valued at $53,986,271.85. This represents a 4.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.18% of the company’s stock.

Institutional Trading of CoStar Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Parkside Financial Bank & Trust boosted its position in shares of CoStar Group by 26.1% in the 2nd quarter. Parkside Financial Bank & Trust now owns 5,365 shares of the technology company’s stock worth $152,000 after purchasing an additional 1,109 shares in the last quarter. Corient Private Wealth LP increased its position in CoStar Group by 2.9% during the 2nd quarter. Corient Private Wealth LP now owns 81,676 shares of the technology company’s stock valued at $2,313,000 after buying an additional 2,275 shares in the last quarter. CYBER HORNET ETFs LLC increased its position in CoStar Group by 50.8% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company’s stock valued at $50,000 after buying an additional 592 shares in the last quarter. California State Teachers Retirement System raised its stake in CoStar Group by 2,789.6% during the second quarter. California State Teachers Retirement System now owns 19,276,971 shares of the technology company’s stock valued at $545,924,000 after buying an additional 18,609,860 shares during the last quarter. Finally, Wedmont Private Capital purchased a new position in CoStar Group during the second quarter valued at $491,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Price Performance

CSGP stock opened at $30.91 on Friday. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 162.69, a PEG ratio of 0.79 and a beta of 0.75. The firm’s 50-day moving average price is $30.32 and its two-hundred day moving average price is $35.23. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. CoStar Group has a 12-month low of $25.89 and a 12-month high of $91.89.

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, topping analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company had revenue of $925.00 million during the quarter, compared to analyst estimates of $928.81 million. During the same period in the prior year, the business posted $0.17 earnings per share. CoStar Group’s revenue for the quarter was up 18.4% on a year-over-year basis. 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. As a group, equities analysts predict that CoStar Group will post 1.07 earnings per share for the current year.

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.