CoStar Group (NASDAQ:CSGP) Upgraded to “Strong-Buy” at Benchmark

CoStar Group (NASDAQ:CSGP) was upgraded by stock analysts at Benchmark to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Bank of America decreased their target price on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Royal Bank Of Canada decreased their target price on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 25th. The Goldman Sachs Group cut their price objective on shares of CoStar Group from $63.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Needham & Company LLC cut their price objective on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.33.

CoStar Group Stock Up 0.8%

Shares of NASDAQ CSGP opened at $33.66 on Thursday. The firm has a fifty day simple moving average of $36.17 and a two-hundred day simple moving average of $50.49. The firm has a market capitalization of $13.75 billion, a PE ratio of 561.09, a price-to-earnings-growth ratio of 0.86 and a beta of 0.72. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. CoStar Group has a 12 month low of $31.35 and a 12 month high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. During the same period in the prior year, the firm earned ($0.04) EPS. The company’s revenue was up 22.5% compared to the same quarter last year. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Equities analysts expect that CoStar Group will post 1.03 earnings per share for the current year.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance bought 71,430 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the acquisition, the chief executive officer owned 1,722,865 shares in the company, valued at $60,644,848. This trade represents a 4.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.09% of the company’s stock.

Institutional Trading of CoStar Group

Institutional investors have recently bought and sold shares of the stock. ING Groep NV raised its holdings in shares of CoStar Group by 1,950.5% in the third quarter. ING Groep NV now owns 128,052 shares of the technology company’s stock valued at $10,804,000 after acquiring an additional 121,807 shares in the last quarter. Douglas Lane & Associates LLC raised its holdings in shares of CoStar Group by 4.3% in the fourth quarter. Douglas Lane & Associates LLC now owns 683,061 shares of the technology company’s stock valued at $45,929,000 after acquiring an additional 28,279 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of CoStar Group by 682.3% in the third quarter. American Century Companies Inc. now owns 551,523 shares of the technology company’s stock valued at $46,532,000 after acquiring an additional 481,024 shares in the last quarter. NEOS Investment Management LLC raised its holdings in shares of CoStar Group by 72.6% in the third quarter. NEOS Investment Management LLC now owns 215,694 shares of the technology company’s stock valued at $18,198,000 after acquiring an additional 90,758 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of CoStar Group in the third quarter valued at about $15,629,000. 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 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.