CoStar Group (NASDAQ:CSGP) Upgraded by BNP Paribas to Hold Rating

BNP Paribas upgraded shares of CoStar Group (NASDAQ:CSGP) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Several other analysts have also commented on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $91.00 target price on shares of CoStar Group in a research note on Thursday, October 9th. Citizens Jmp dropped their price target on CoStar Group from $100.00 to $78.00 and set a “market outperform” rating on the stock in a report on Thursday, January 8th. BTIG Research assumed coverage on CoStar Group in a research report on Friday, October 3rd. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft set a $68.00 target price on CoStar Group in a report on Thursday, January 8th. Finally, Zacks Research lowered CoStar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

CoStar Group Trading Up 1.3%

Shares of CSGP stock opened at $64.21 on Wednesday. The stock has a 50-day simple moving average of $66.34 and a 200 day simple moving average of $78.28. The stock has a market capitalization of $27.21 billion, a P/E ratio of 1,286.36, a P/E/G ratio of 1.63 and a beta of 0.84. CoStar Group has a fifty-two week low of $57.01 and a fifty-two week high of $97.43. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The firm had revenue of $833.60 million for the quarter, compared to analysts’ expectations of $823.62 million. During the same period in the previous year, the business earned $0.22 earnings per share. CoStar Group’s revenue for the quarter was up 20.4% compared to the same quarter last year. 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. On average, sell-side analysts expect that CoStar Group will post 0.94 earnings per share for the current fiscal year.

CoStar Group announced that its board has initiated a share buyback plan on Wednesday, January 7th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CSGP. Three Seasons Wealth LLC lifted its stake in CoStar Group by 17.4% in the 4th quarter. Three Seasons Wealth LLC now owns 7,786 shares of the technology company’s stock worth $524,000 after acquiring an additional 1,154 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in CoStar Group by 45.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 66,897 shares of the technology company’s stock valued at $4,498,000 after acquiring an additional 21,017 shares in the last quarter. Czech National Bank increased its holdings in shares of CoStar Group by 3.9% in the 4th quarter. Czech National Bank now owns 111,755 shares of the technology company’s stock valued at $7,514,000 after purchasing an additional 4,156 shares during the period. E. Ohman J or Asset Management AB increased its holdings in shares of CoStar Group by 35.1% in the 4th quarter. E. Ohman J or Asset Management AB now owns 16,620 shares of the technology company’s stock valued at $1,118,000 after purchasing an additional 4,320 shares during the period. Finally, Avanza Fonder AB purchased a new stake in shares of CoStar Group in the fourth quarter worth approximately $779,000. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group Company Profile

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.