CoStar Group (NASDAQ:CSGP) Upgraded by Benchmark to Strong-Buy Rating

Benchmark upgraded shares of CoStar Group (NASDAQ:CSGP) to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Several other research firms have also recently commented on CSGP. BTIG Research reiterated a “buy” rating and set a $55.00 target price on shares of CoStar Group in a research note on Wednesday, April 29th. Citigroup reduced their price objective on CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. BMO Capital Markets reduced their price objective on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. William Blair restated an “outperform” rating on shares of CoStar Group in a research note on Tuesday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 price objective on CoStar Group in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.33.

CoStar Group Stock Performance

CoStar Group stock opened at $33.66 on Thursday. The stock has a market cap of $13.75 billion, a P/E 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. The stock has a 50 day moving average of $36.17 and a 200-day moving average of $50.49. CoStar Group has a 52 week low of $31.35 and a 52 week high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. The company had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The business’s revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.04) EPS. 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. On average, analysts expect that CoStar Group will post 1.03 EPS for the current fiscal year.

Insider Transactions at CoStar Group

In related news, CEO Andrew C. Florance bought 71,430 shares of the business’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the purchase, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This represents a 4.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.09% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

A number of hedge funds have recently added to or reduced their stakes in CSGP. Reflection Asset Management bought a new stake in CoStar Group in the fourth quarter valued at $27,000. Lloyd Advisory Services LLC. bought a new stake in CoStar Group in the fourth quarter valued at $29,000. Westside Investment Management Inc. lifted its stake in CoStar Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares during the last quarter. DV Equities LLC bought a new stake in CoStar Group in the fourth quarter valued at $40,000. Finally, IFP Advisors Inc lifted its stake in CoStar Group by 329.4% in the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after buying an additional 471 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

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.