Needham & Company LLC reiterated their buy rating on shares of CoStar Group (NASDAQ:CSGP – Free Report) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $40.00 price target on the technology company’s stock.
A number of other analysts also recently weighed in on CSGP. Citizens Jmp cut their price target on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 29th. William Blair cut shares of CoStar Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. Wolfe Research reiterated an “outperform” rating and issued a $32.00 target price (down from $35.00) on shares of CoStar Group in a report on Wednesday, July 29th. Keefe, Bruyette & Woods cut shares of CoStar Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $41.00 to $29.00 in a research report on Wednesday, July 29th. Finally, Citigroup lowered shares of CoStar Group from a “market outperform” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $33.00 in a report on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.11.
CoStar Group Stock Up 8.0%
CoStar Group (NASDAQ:CSGP – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The business had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Equities research analysts expect that CoStar Group will post 1.07 earnings per share for the current year.
Insider Buying and Selling at CoStar Group
In other news, CEO Andrew C. Florance bought 83,300 shares of the stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the acquisition, the chief executive officer 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group 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 directly owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.18% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Bamco Inc. NY raised its position in CoStar Group by 1.3% in the 4th quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company’s stock valued at $1,311,052,000 after buying an additional 242,533 shares during the last quarter. BlackRock Inc. acquired a new position in CoStar Group during the 2nd quarter worth approximately $957,612,000. Principal Financial Group Inc. grew its stake in shares of CoStar Group by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock worth $713,866,000 after acquiring an additional 130,118 shares in the last quarter. Akre Capital Management LLC grew its stake in shares of CoStar Group by 3.3% during the 4th quarter. Akre Capital Management LLC now owns 9,617,805 shares of the technology company’s stock worth $646,701,000 after acquiring an additional 311,320 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of CoStar Group by 20.2% in the fourth quarter. Janus Henderson Group PLC now owns 7,473,380 shares of the technology company’s stock valued at $502,487,000 after purchasing an additional 1,256,573 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.
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 used by real estate owners, brokers, investors, lenders, appraisers and other professionals to evaluate properties, track market conditions and support business decisions.
Its portfolio includes CoStar, a commercial real estate information and research platform; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.
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