CoStar Group’s (CSGP) Buy Rating Reiterated at Needham & Company LLC

CoStar Group (NASDAQ:CSGP)‘s stock had its “buy” rating reissued by equities research analysts at Needham & Company LLC in a research note issued on Tuesday, Benzinga reports. They presently have a $40.00 price objective on the technology company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 43.39% from the stock’s current price.

Other analysts also recently issued research reports about the company. Wolfe Research reissued an “outperform” rating and issued a $32.00 price objective (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. 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. BTIG Research decreased their target price on CoStar Group from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, July 29th. Citizens Jmp decreased their target price on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 29th. Finally, William Blair cut CoStar Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.11.

CoStar Group Stock Up 1.1%

CSGP opened at $27.90 on Tuesday. CoStar Group has a one year low of $25.89 and a one year high of $79.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21. The stock’s fifty day moving average is $30.22 and its 200-day moving average is $32.52. The company has a market capitalization of $11.30 billion, a PE ratio of 145.63, a P/E/G ratio of 0.70 and a beta of 0.80.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the business earned $0.17 EPS. The company’s quarterly revenue 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 analysts predict that CoStar Group will post 1.07 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew C. Florance purchased 83,300 shares of the business’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 directly owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. The trade was a 20.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CSGP. Versant Capital Management Inc raised its stake in CoStar Group by 123.6% during the 3rd quarter. Versant Capital Management Inc now owns 7,671 shares of the technology company’s stock worth $210,000 after buying an additional 4,240 shares during the period. QRG Capital Management Inc. raised its stake in CoStar Group by 85.8% during the 2nd quarter. QRG Capital Management Inc. now owns 57,474 shares of the technology company’s stock worth $1,628,000 after buying an additional 26,535 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in CoStar Group by 5.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 341,444 shares of the technology company’s stock worth $9,670,000 after buying an additional 17,067 shares during the period. Sequoia Financial Advisors LLC raised its stake in CoStar Group by 6.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 54,883 shares of the technology company’s stock worth $1,554,000 after buying an additional 3,195 shares during the period. Finally, Tidal Investments LLC raised its stake in CoStar Group by 176.9% during the 2nd quarter. Tidal Investments LLC now owns 68,552 shares of the technology company’s stock worth $1,941,000 after buying an additional 43,798 shares during the period. 96.60% of the stock is currently owned by institutional investors.

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.