CoStar Group (CSGP) – Investment Analysts’ Recent Ratings Changes

CoStar Group (NASDAQ: CSGP) recently received a number of ratings updates from brokerages and research firms:

• 1/15/2025 – CoStar Group was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/14/2025 – CoStar Group had its price target lowered by analysts at Citigroup Inc. from $90.00 to $88.00. They now have a “buy” rating on the stock.
• 1/10/2025 – CoStar Group had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $83.00 price target on the stock.
• 1/7/2025 – CoStar Group was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 1/6/2025 – CoStar Group had its “outperform” rating reaffirmed by analysts at William Blair.
• 1/2/2025 – CoStar Group had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $103.00 price target on the stock.
• 12/16/2024 – CoStar Group had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $90.00 price target on the stock.
• 12/9/2024 – CoStar Group had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $100.00 price target on the stock.

CoStar Group Price Performance

NASDAQ CSGP traded up $0.57 on Tuesday, hitting $74.42. 474,168 shares of the company’s stock were exchanged, compared to its average volume of 2,373,112. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $100.38. The stock has a market cap of $30.51 billion, a price-to-earnings ratio of 169.14 and a beta of 0.85. The stock has a 50-day moving average of $74.63 and a 200-day moving average of $75.35.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The business had revenue of $692.60 million during the quarter, compared to the consensus estimate of $695.91 million. CoStar Group had a net margin of 6.57% and a return on equity of 3.53%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. Analysts expect that CoStar Group, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at CoStar Group

In other news, CEO Andrew C. Florance purchased 14,731 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were purchased at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following the transaction, the chief executive officer now owns 1,263,098 shares of the company’s stock, valued at approximately $94,315,527.66. This trade represents a 1.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the sale, the insider now directly owns 58,798 shares in the company, valued at $4,696,784.24. This trade represents a 8.55 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in CoStar Group by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,697,933 shares of the technology company’s stock worth $125,889,000 after purchasing an additional 219,758 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of CoStar Group by 44.7% during the 2nd quarter. Intech Investment Management LLC now owns 7,073 shares of the technology company’s stock worth $524,000 after buying an additional 2,184 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of CoStar Group by 14.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 17,123 shares of the technology company’s stock worth $1,269,000 after buying an additional 2,224 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of CoStar Group by 3.5% in the second quarter. Pacer Advisors Inc. now owns 48,675 shares of the technology company’s stock valued at $3,609,000 after acquiring an additional 1,633 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of CoStar Group by 17.6% in the second quarter. Public Sector Pension Investment Board now owns 56,799 shares of the technology company’s stock valued at $4,211,000 after acquiring an additional 8,516 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

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.