CoStar Group (NASDAQ:CSGP) Stock Price Up 6.5% – Here’s What Happened

CoStar Group, Inc. (NASDAQ:CSGP) rose 6.5% during trading on Thursday . The stock traded as high as $30.30 and last traded at $30.3310. 1,657,027 shares traded hands during trading, a decline of 77% from the average daily volume of 7,169,962 shares. The stock had previously closed at $28.49.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $44.00 target price on CoStar Group in a report on Thursday, April 30th. Wall Street Zen cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. The Goldman Sachs Group set a $46.00 price objective on shares of CoStar Group and gave the stock a “buy” rating in a research report on Thursday, June 25th. Robert W. Baird set a $34.00 price objective on shares of CoStar Group and gave the company a “neutral” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped 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 report on Wednesday, April 29th. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and two 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 an average target price of $51.50.

CoStar Group Stock Down 1.9%

The firm has a 50-day moving average price of $31.41 and a 200 day moving average price of $42.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 496.42, a P/E/G ratio of 0.78 and a beta of 0.74.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. The business 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 firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last year, the firm 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. Sell-side analysts predict that CoStar Group, Inc. will post 1.03 EPS 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 CoStar Group stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares in the company, valued at $60,644,848. The trade was a 4.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Institutional Trading of CoStar Group

Institutional investors have recently bought and sold shares of the business. Tema ETFs LLC grew its position in shares of CoStar Group by 18.3% during the 2nd quarter. Tema ETFs LLC now owns 8,914 shares of the technology company’s stock worth $252,000 after purchasing an additional 1,378 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of CoStar Group by 6.4% in the second quarter. Handelsbanken Fonder AB now owns 129,700 shares of the technology company’s stock valued at $3,673,000 after buying an additional 7,820 shares in the last quarter. Czech National Bank raised its position in shares of CoStar Group by 0.7% in the second quarter. Czech National Bank now owns 116,234 shares of the technology company’s stock valued at $3,292,000 after buying an additional 808 shares in the last quarter. Red Spruce Capital LLC boosted its stake in shares of CoStar Group by 101.0% in the second quarter. Red Spruce Capital LLC now owns 76,448 shares of the technology company’s stock valued at $2,165,000 after buying an additional 38,413 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of CoStar Group by 227.7% in the second quarter. Versant Capital Management Inc now owns 3,431 shares of the technology company’s stock valued at $97,000 after buying an additional 2,384 shares during the period. Institutional investors own 96.60% of the company’s stock.

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.