CoStar Group (NASDAQ:CSGP) Stock Rating Reaffirmed as Buy by Needham & Company LLC

CoStar Group (NASDAQ:CSGP)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a research note issued on Wednesday, Benzinga reports. They currently have a $40.00 price target on the technology company’s stock. Needham & Company LLC‘s price objective indicates a potential upside of 41.09% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. William Blair downgraded shares of CoStar Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 29th. BTIG Research lowered their price target on shares of CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Wells Fargo & Company set a $35.00 price target on shares of CoStar Group in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Finally, KeyCorp set a $33.00 price target on CoStar Group in a report on Monday, August 24th. Ten 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, the stock presently has a consensus rating of “Hold” and an average price target of $39.53.

CoStar Group Stock Down 11.4%

CoStar Group stock traded down $3.66 during trading hours on Wednesday, reaching $28.35. 2,606,566 shares of the company’s stock were exchanged, compared to its average volume of 6,973,260. The firm’s 50 day simple moving average is $30.56 and its 200 day simple moving average is $37.41. The firm has a market capitalization of $11.49 billion, a PE ratio of 150.48 and a beta of 0.80. CoStar Group has a twelve month low of $25.89 and a twelve month high of $72.50.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, October 27th. The technology company reported $0.38 earnings per share 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 analysts’ expectations of $945.82 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. Analysts anticipate that CoStar Group will post 1.07 EPS for the current year.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance purchased 83,300 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the acquisition, the chief executive officer directly owned 1,806,165 shares in the company, valued at $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.18% of the stock is currently owned by insiders.

Institutional Trading of CoStar Group

A number of large investors have recently bought and sold shares of CSGP. D.A. Davidson & CO. boosted its stake in shares of CoStar Group by 10.3% during the 3rd quarter. D.A. Davidson & CO. now owns 31,879 shares of the technology company’s stock worth $873,000 after acquiring an additional 2,988 shares during the period. Redmond Asset Management LLC boosted its stake in CoStar Group by 134.9% in the 3rd quarter. Redmond Asset Management LLC now owns 37,600 shares of the technology company’s stock valued at $1,030,000 after purchasing an additional 21,592 shares during the period. Motley Fool Asset Management LLC raised its holdings in CoStar Group by 5.7% in the 3rd quarter. Motley Fool Asset Management LLC now owns 11,462 shares of the technology company’s stock valued at $314,000 after acquiring an additional 615 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of CoStar Group by 128.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,431 shares of the technology company’s stock worth $67,000 after buying an additional 1,366 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in CoStar Group by 43.6% during the 3rd quarter. Park Avenue Securities LLC now owns 34,698 shares of the technology company’s stock worth $951,000 after acquiring an additional 10,537 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors.

More CoStar Group News

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

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.