CoStar Group (NASDAQ:CSGP) Stock Price Up 4.2% – Time to Buy?

CoStar Group, Inc. (NASDAQ:CSGP)’s share price shot up 4.2% during trading on Thursday. The stock traded as high as $28.69 and last traded at $28.76. 803,503 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 7,061,079 shares. The stock had previously closed at $27.60.

Wall Street Analysts Forecast Growth

CSGP has been the topic of a number of recent research reports. BTIG Research dropped 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. The Goldman Sachs Group reissued a “buy” rating and issued a $40.00 price target on shares of CoStar Group in a research report on Wednesday, July 29th. Wells Fargo & Company set a $26.00 price objective on CoStar Group and gave the company an “underweight” rating in a research note on Wednesday, June 24th. Robert W. Baird set a $34.00 price objective on shares of CoStar Group and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Finally, Citizens Jmp reduced their target price on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research note 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.11.

CoStar Group Price Performance

The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The stock has a market cap of $11.60 billion, a PE ratio of 150.77, a PEG ratio of 0.70 and a beta of 0.80. The business has a 50-day moving average price of $30.22 and a 200 day moving average price of $32.52.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $928.81 million. During the same quarter last year, the firm posted $0.17 EPS. The firm’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, research analysts forecast that CoStar Group, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Activity

In other CoStar Group news, CEO Andrew C. Florance purchased 83,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On CoStar Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Reflection Asset Management purchased a new position in shares of CoStar Group in the 4th quarter valued at $27,000. Empirical Finance LLC raised its stake 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 in the last quarter. Mufg Securities Americas Inc. lifted its position in CoStar Group by 4.9% in the second quarter. Mufg Securities Americas Inc. now owns 12,300 shares of the technology company’s stock valued at $348,000 after acquiring an additional 573 shares during the last quarter. CYBER HORNET ETFs LLC lifted its position in CoStar Group by 50.8% in 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 during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in CoStar Group by 8.8% in the first quarter. Aaron Wealth Advisors LLC now owns 8,130 shares of the technology company’s stock valued at $328,000 after acquiring an additional 655 shares in the last quarter. 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.