CoStar Group (NASDAQ:CSGP) Given Buy Rating at Needham & Company LLC

CoStar Group (NASDAQ:CSGP)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a note issued to investors on Wednesday, Benzinga reports. They currently have a $40.00 target price on the technology company’s stock. Needham & Company LLC‘s price objective points to a potential upside of 36.91% from the stock’s current price.

CSGP has been the subject of several other research reports. Citizens Jmp dropped their price objective on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a report on Wednesday, July 29th. William Blair cut shares of CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Royal Bank Of Canada set a $34.00 price objective on shares of CoStar Group and gave the company a “sector perform” rating in a research report on Monday, July 13th. Finally, Wells Fargo & Company set a $35.00 price objective on shares of CoStar Group in a research report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, CoStar Group currently has an average rating of “Hold” and an average target price of $39.74.

CoStar Group Stock Down 8.7%

Shares of NASDAQ:CSGP opened at $29.22 on Wednesday. The company’s fifty day moving average is $30.56 and its two-hundred day moving average is $37.41. CoStar Group has a 12-month low of $25.89 and a 12-month high of $72.50. The company has a market cap of $11.84 billion, a P/E ratio of 153.31 and a beta of 0.80.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, October 27th. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $952.00 million for the quarter, compared to analyst estimates of $945.82 million. During the same period in the previous year, the company earned $0.23 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts anticipate that CoStar Group will post 1.07 earnings per share for the current year.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew Florance bought 83,300 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the transaction, the chief accounting officer owned 18,822 shares in the company, valued at approximately $579,341.16. The trade was a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CoStar Group

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of CoStar Group during the second quarter valued at $957,612,000. Principal Financial Group Inc. raised its stake in CoStar Group by 0.7% during the first quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock worth $713,866,000 after buying an additional 130,118 shares during the last quarter. Bamco Inc. NY bought a new position in CoStar Group during the second quarter worth $612,470,000. Janus Henderson Group PLC raised its stake in CoStar Group by 3.4% during the first quarter. Janus Henderson Group PLC now owns 7,724,152 shares of the technology company’s stock worth $311,586,000 after buying an additional 250,772 shares during the last quarter. Finally, Jupiter Topco LLC bought a new position in CoStar Group during the second quarter worth $221,826,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group News Roundup

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Strong third-quarter results and higher guidance: CoStar reported record revenue of $952 million, up approximately 14% year over year, while adjusted EBITDA reached a record $229 million—roughly double the prior-year level. Adjusted EPS of $0.38 exceeded the $0.34 consensus estimate, and the company raised its 2026 adjusted EBITDA outlook to $820 million-$840 million while targeting $1.25 billion in 2028. CoStar Group third-quarter results
• Positive Sentiment: Vexcel acquisition expands data capabilities: CoStar agreed to acquire Vexcel for approximately $730 million, adding high-resolution aerial imagery that could improve property search, analytics and digital-twin products. The deal may strengthen CoStar’s competitive position, although investors will assess its integration and return on investment. CoStar to acquire Vexcel
• Positive Sentiment: Some analysts see upside: Needham reaffirmed its “buy” rating with a $40 price target, while BTIG maintained a “buy” rating despite reducing its target from $42 to $35. Those targets imply potential upside from current levels. Analyst ratings

CoStar Group Company Profile

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.