CoStar Group, Inc. (NASDAQ:CSGP) Receives $93.38 Consensus PT from Analysts

by · The Markets Daily

CoStar Group, Inc. (NASDAQ:CSGP – Get Free Report) has been given an average rating of “Moderate Buy” by the twenty research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $93.3846.

Several equities research analysts have commented on CSGP shares. Jefferies Financial Group raised shares of CoStar Group to a “hold” rating in a research report on Wednesday, October 29th. Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a research report on Monday, December 15th. BTIG Research initiated coverage on CoStar Group in a report on Friday, October 3rd. They set a “neutral” rating on the stock. Needham & Company LLC reissued a “buy” rating and set a $105.00 price target on shares of CoStar Group in a research report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 29th.

View Our Latest Analysis on CSGP

CoStar Group Trading Down 2.3%

NASDAQ CSGP opened at $65.69 on Monday. CoStar Group has a 52 week low of $62.00 and a 52 week high of $97.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12. The stock’s 50 day moving average price is $67.92 and its two-hundred day moving average price is $79.38. The stock has a market capitalization of $27.84 billion, a price-to-earnings ratio of 1,313.80, a PEG ratio of 1.42 and a beta of 0.84.

CoStar Group (NASDAQ:CSGP – Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. As a group, analysts anticipate that CoStar Group will post 0.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CoStar Group

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of CoStar Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock valued at $5,910,662,000 after acquiring an additional 1,208,958 shares during the period. Bamco Inc. NY lifted its stake in CoStar Group by 3.4% in the 2nd quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock valued at $1,582,267,000 after purchasing an additional 647,413 shares during the last quarter. State Street Corp lifted its stake in CoStar Group by 3.1% in the 3rd quarter. State Street Corp now owns 18,284,128 shares of the technology company’s stock valued at $1,542,632,000 after purchasing an additional 551,160 shares during the last quarter. Geode Capital Management LLC grew its holdings in CoStar Group by 2.4% during the second quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company’s stock worth $989,905,000 after purchasing an additional 290,404 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in CoStar Group by 12.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,406,788 shares of the technology company’s stock worth $624,911,000 after buying an additional 821,111 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

About CoStar Group

(Get Free Report)

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.

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