CoStar Group (NASDAQ:CSGP) Stock Gets Price Target Trim from BTIG Research

CoStar Group (NASDAQ:CSGP) had its target price decreased by BTIG Research from $42.00 to $35.00 in a report released on Wednesday morning,Benzinga reports. BTIG Research currently has a buy rating on the technology company’s stock.

A number of other brokerages have also issued reports on CSGP. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research note on Monday, September 21st. JPMorgan Chase & Co. dropped their price target on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Robert W. Baird set a $34.00 price objective on CoStar Group and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Royal Bank Of Canada set a $34.00 price objective on CoStar Group and gave the company a “sector perform” rating in a research report on Monday, July 13th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $40.00 target price on shares of CoStar Group in a research note on Wednesday, July 29th. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.11.

CoStar Group Price Performance

Shares of CSGP opened at $30.17 on Wednesday. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 0.72 and a beta of 0.80. CoStar Group has a fifty-two week low of $25.89 and a fifty-two week high of $70.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.32 and a quick ratio of 2.21. The business’s 50-day moving average is $30.33 and its 200-day moving average is $36.95.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, October 27th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $952.00 million during the quarter, compared to analyst estimates of $945.82 million. CoStar Group had a net margin of 4.87% and a return on equity of 4.87%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. Equities research analysts expect that CoStar Group will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling

In other CoStar Group news, CEO Andrew Florance bought 83,300 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the transaction, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the business’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 sale, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at $579,341.16. This 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 insiders.

Institutional Investors Weigh In On CoStar Group

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in CoStar Group during the second quarter worth about $957,612,000. Principal Financial Group Inc. increased its stake in CoStar Group by 0.7% during the first quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock valued at $713,866,000 after acquiring an additional 130,118 shares during the period. Bamco Inc. NY acquired a new position in CoStar Group in the 2nd quarter valued at approximately $612,470,000. Janus Henderson Group PLC raised its holdings in CoStar Group by 3.4% in the 1st quarter. Janus Henderson Group PLC now owns 7,724,152 shares of the technology company’s stock valued at $311,586,000 after acquiring an additional 250,772 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new position in CoStar Group in the 2nd quarter valued at approximately $221,826,000. 96.60% of the stock is currently owned by institutional investors.

Key CoStar Group News

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Needham & Company initiated or reaffirmed a Buy rating on CoStar Group, providing support for the stock’s long-term growth outlook. CoStar Group Earns Buy Rating from Needham
• Positive Sentiment: Wells Fargo raised its price target for CSGP, signaling increased confidence in the company’s earnings potential and valuation despite recent weakness. Wells Fargo Raises CoStar Price Target
• Positive Sentiment: CoStar upgraded its U.S. office-market forecast, citing expectations for improved rent growth and lower vacancy rates. A stronger commercial real-estate recovery could support demand for CoStar’s information and analytics products. CoStar Upgrades U.S. Office Forecast
• Positive Sentiment: CoStar data indicated solid demand for four-star office space in London’s City Core, while prime-space vacancy was only 2.1%. The report reinforces the company’s value as a source of commercial property market intelligence. CoStar London Office Demand Report
• Neutral Sentiment: KBW and Bank of America each maintained Hold ratings, indicating analysts see a balanced risk-reward profile rather than a clear near-term catalyst. KBW Maintains Hold Rating Bank of America Maintains Hold Rating
• Neutral Sentiment: Homes.com highlighted high-value residential transactions across major U.S. markets. The publication raises brand visibility but has limited direct financial impact. Homes.com Luxury Home Sales Analysis
• Negative Sentiment: JPMorgan issued a pessimistic forecast for CSGP, adding to concerns about valuation, execution and the pace at which recent investments may translate into profits. JPMorgan Pessimistic CoStar Forecast
• Negative Sentiment: The stock fell below its 50-day moving average following an analyst downgrade, a potentially bearish technical signal that may encourage additional selling. CoStar Shares Cross Below 50-Day Average
• Negative Sentiment: Shares retreated sharply after earnings and news of the Vexcel acquisition. Investors appear concerned about acquisition costs, integration risk and the effect of the deal on near-term earnings, despite CoStar’s reported revenue and earnings beating consensus estimates. CoStar Retreats After Earnings and Vexcel Deal
• Negative Sentiment: October U.S. apartment rents declined 0.15% month over month to $1,749, a second consecutive monthly decrease. Softer multifamily conditions could weigh on sentiment toward CoStar’s residential-market businesses, although annual rent growth remained positive. Apartments.com October Rent Growth Report

CoStar Group Company Profile

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 to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.