CoStar Group (NASDAQ:CSGP) Price Target Lowered to $37.00 at Bank of America

CoStar Group (NASDAQ:CSGP) had its price target cut by equities research analysts at Bank of America from $42.00 to $37.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Bank of America‘s target price indicates a potential upside of 9.18% from the company’s current price.

Several other analysts have also recently weighed in on CSGP. Wells Fargo & Company reduced their price target on CoStar Group from $40.00 to $33.00 and set an “underweight” rating on the stock in a report on Thursday, April 30th. Citigroup reduced their price target on CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Keefe, Bruyette & Woods reduced their price target on CoStar Group from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. BTIG Research restated a “buy” rating and set a $55.00 price target on shares of CoStar Group in a report on Wednesday, April 29th. Finally, William Blair restated an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.94.

CoStar Group Trading Up 2.1%

Shares of NASDAQ:CSGP traded up $0.69 during midday trading on Tuesday, hitting $33.89. 3,679,473 shares of the stock were exchanged, compared to its average volume of 7,224,755. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 563.93, a P/E/G ratio of 0.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The business’s 50-day moving average price is $39.03 and its 200 day moving average price is $53.74. CoStar Group has a 12 month low of $31.35 and a 12 month high of $97.43.

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 company had revenue of $897.00 million for 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 quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) earnings per share. 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. Analysts predict that CoStar Group will post 1.03 earnings per share for the current year.

Insider Activity at CoStar Group

In other CoStar Group news, Director Louise S. Sams purchased 1,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $48.36 per share, with a total value of $48,360.00. Following the completion of the purchase, the director owned 20,409 shares in the company, valued at $986,979.24. This represents a 5.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew C. Florance purchased 71,430 shares of the company’s stock in a transaction on Friday, May 1st. The stock was acquired 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 approximately $60,644,848. This trade represents a 4.33% increase in their position. The SEC filing for this purchase provides additional information. 1.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CoStar Group

Institutional investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. increased its holdings in shares of CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after acquiring an additional 180 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of CoStar Group during the third quarter valued at approximately $31,000. Reflection Asset Management bought a new stake in shares of CoStar Group during the fourth quarter valued at approximately $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of CoStar Group during the fourth quarter valued at approximately $29,000. Finally, Rossby Financial LCC increased its holdings in shares of CoStar Group by 47.5% during the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock valued at $42,000 after acquiring an additional 162 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

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.