CoStar Group (NASDAQ:CSGP) Given Buy Rating at Needham & Company LLC

CoStar Group (NASDAQ:CSGP)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $40.00 price target on the technology company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 34.18% from the stock’s previous close.

Several other equities research analysts also recently weighed in on CSGP. JPMorgan Chase & Co. cut their price target on CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Keefe, Bruyette & Woods downgraded CoStar Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $41.00 to $29.00 in a report on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a report on Monday, September 21st. BTIG Research dropped their price objective on CoStar Group from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Finally, Robert W. Baird set a $34.00 price objective on CoStar Group and gave the company a “neutral” rating in a report on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.11.

CoStar Group Stock Up 8.0%

NASDAQ CSGP traded up $2.21 during trading hours on Tuesday, hitting $29.81. 9,467,300 shares of the company were exchanged, compared to its average volume of 6,186,211. The company has a 50 day moving average of $30.22 and a two-hundred day moving average of $32.43. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. CoStar Group has a 52-week low of $25.89 and a 52-week high of $79.21. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 156.90, a PEG ratio of 0.70 and a beta of 0.80.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The company had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. During the same quarter in the prior year, the business earned $0.17 EPS. CoStar Group’s revenue 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. Equities research analysts anticipate that CoStar Group will post 1.07 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new stake in CoStar Group during the 4th quarter worth approximately $27,000. Empirical Finance LLC lifted its position in CoStar Group by 6.6% during the 2nd quarter. Empirical Finance LLC now owns 8,770 shares of the technology company’s stock worth $248,000 after acquiring an additional 545 shares during the period. Mufg Securities Americas Inc. lifted its position in 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 acquiring an additional 573 shares during the period. CYBER HORNET ETFs LLC lifted 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 worth $50,000 after acquiring an additional 592 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its position in CoStar Group by 8.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 8,130 shares of the technology company’s stock worth $328,000 after acquiring an additional 655 shares during the period. 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 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.