CoStar Group (NASDAQ:CSGP) Issues Earnings Results, Meets Estimates

CoStar Group (NASDAQ:CSGP) posted its quarterly earnings results on Tuesday. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22, Zacks reports. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. CoStar Group updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

CoStar Group Price Performance

Shares of CSGP traded up $1.42 during trading hours on Tuesday, hitting $75.48. 5,451,375 shares of the company were exchanged, compared to its average volume of 2,543,701. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group has a fifty-two week low of $68.26 and a fifty-two week high of $100.38. The company has a market cap of $30.94 billion, a price-to-earnings ratio of 171.54 and a beta of 0.87. The firm’s fifty day moving average is $73.81 and its 200 day moving average is $75.34.

Wall Street Analyst Weigh In

Several analysts have issued reports on CSGP shares. Stephens restated an “overweight” rating and issued a $103.00 price objective on shares of CoStar Group in a research note on Tuesday. Citigroup reduced their price objective on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of CoStar Group in a research report on Monday, December 9th. BMO Capital Markets reduced their target price on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, Wells Fargo & Company assumed coverage on shares of CoStar Group in a research note on Wednesday, February 5th. They issued an “underweight” rating and a $65.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.23.

Insider Activity at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, the insider now directly owns 58,798 shares of the company’s stock, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.57% of the stock is owned by insiders.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.