CoStar Group’s (CSGP) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of CoStar Group (NASDAQ:CSGP) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $40.00 price target on the technology company’s stock.

CSGP has been the topic of a number of other reports. Royal Bank Of Canada set a $34.00 target price on shares of CoStar Group and gave the company a “sector perform” rating in a research report on Monday, July 13th. Wall Street Zen cut shares of CoStar Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Citizens Jmp dropped their price target on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 29th. KeyCorp set a $33.00 price target on shares of CoStar Group in a research note on Monday, August 24th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a report on Monday, September 21st. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.11.

CoStar Group Trading Up 7.2%

CSGP stock opened at $30.17 on Wednesday. The business has a fifty day moving average of $30.33 and a 200-day moving average of $36.95. The company has a market cap of $12.14 billion, a P/E ratio of 29.31, a PEG ratio of 0.72 and a beta of 0.80. CoStar Group has a twelve month low of $25.89 and a twelve month high of $70.63. The company has a quick ratio of 2.21, a current ratio of 1.32 and a debt-to-equity ratio of 0.12.

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

Insiders Place Their Bets

In related news, CEO Andrew Florance acquired 83,300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the purchase, the chief executive officer directly owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. This trade represents a 4.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the completion of the sale, the chief accounting officer owned 18,822 shares of the company’s stock, valued at $579,341.16. This represents a 20.28% decrease in their position. The SEC filing for this sale provides additional information. 1.18% of the stock is owned by insiders.

Hedge Funds Weigh In On CoStar Group

Institutional investors have recently modified their holdings of the stock. Gibbs Wealth Management increased its holdings in CoStar Group by 3.2% in the 3rd quarter. Gibbs Wealth Management now owns 10,125 shares of the technology company’s stock worth $277,000 after acquiring an additional 311 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in CoStar Group by 56.8% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,380 shares of the technology company’s stock worth $38,000 after acquiring an additional 500 shares during the period. Empirical Finance LLC raised its stake in CoStar Group by 6.6% during the 2nd quarter. Empirical Finance LLC now owns 8,770 shares of the technology company’s stock worth $248,000 after acquiring an additional 545 shares during the period. Mufg Securities Americas Inc. lifted its holdings in CoStar Group by 4.9% during the second quarter. Mufg Securities Americas Inc. now owns 12,300 shares of the technology company’s stock valued at $348,000 after purchasing an additional 573 shares in the last quarter. Finally, CYBER HORNET ETFs LLC lifted its holdings in CoStar Group by 50.8% during the second quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company’s stock valued at $50,000 after purchasing an additional 592 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

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

About CoStar Group

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.