CoStar Group (NASDAQ:CSGP) Stock Rating Reaffirmed as Buy by 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 on Tuesday, Benzinga reports. They currently have a $40.00 price target on the technology company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 44.93% from the company’s previous close.

Several other equities analysts have also issued reports on CSGP. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a report on Monday, September 21st. Royal Bank Of Canada set a $34.00 target price on CoStar Group and gave the stock a “sector perform” rating in a report on Monday, July 13th. 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 report on Wednesday, July 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $33.00 price target (up from $31.00) on shares of CoStar Group in a report on Monday, August 24th. Finally, Citigroup lowered CoStar Group from a “market outperform” rating to a “neutral” rating and reduced their price target for the stock from $70.00 to $33.00 in a research report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.11.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $27.60 on Tuesday. The firm has a market cap of $11.18 billion, a P/E ratio of 145.27, a P/E/G ratio of 0.70 and a beta of 0.80. 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 $80.55. The stock’s fifty day moving average price is $30.22 and its 200-day moving average price is $32.52.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data 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 firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. 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. On average, equities research analysts expect that CoStar Group will post 1.07 earnings per share for the current fiscal year.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance purchased 83,300 shares of CoStar Group stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the transaction, the chief executive officer owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the sale, the chief accounting officer owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. This represents a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CSGP. Reflection Asset Management purchased a new stake in CoStar Group in the fourth quarter valued at about $27,000. Transamerica Financial Advisors LLC purchased a new stake in shares of CoStar Group during the second quarter worth about $33,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of CoStar Group during the second quarter valued at about $47,000. CYBER HORNET ETFs LLC increased its holdings in shares of CoStar Group by 50.8% during the second quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company’s stock valued at $50,000 after acquiring an additional 592 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of CoStar Group in the 2nd quarter valued at approximately $59,000. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Company Profile

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.