CoStar Group’s (CSGP) Outperform Rating Reaffirmed at William Blair

William Blair reaffirmed their outperform rating on shares of CoStar Group (NASDAQ:CSGP) in a research report sent to investors on Wednesday morning, RTT News reports. William Blair also issued estimates for CoStar Group’s Q3 2024 earnings at $0.12 EPS, FY2024 earnings at $0.43 EPS, Q3 2025 earnings at $0.25 EPS and Q4 2025 earnings at $0.33 EPS.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group increased their target price on CoStar Group from $85.00 to $95.00 and gave the stock a hold rating in a research report on Friday, April 12th. Robert W. Baird increased their price objective on CoStar Group from $90.00 to $105.00 and gave the stock an outperform rating in a research report on Monday, March 18th. Needham & Company LLC increased their price objective on CoStar Group from $90.00 to $107.00 and gave the stock a buy rating in a research report on Wednesday. Royal Bank of Canada increased their price objective on CoStar Group from $95.00 to $109.00 and gave the stock an outperform rating in a research report on Monday, March 25th. Finally, Keefe, Bruyette & Woods increased their price objective on CoStar Group from $96.00 to $109.00 and gave the stock an outperform rating in a research report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $102.46.

CoStar Group Trading Up 2.6 %

NASDAQ:CSGP opened at $92.65 on Wednesday. The company has a market cap of $37.83 billion, a P/E ratio of 126.92, a P/E/G ratio of 10.59 and a beta of 0.84. The stock’s fifty day moving average price is $89.77 and its two-hundred day moving average price is $84.76. CoStar Group has a 1 year low of $67.35 and a 1 year high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.09 and a quick ratio of 12.01.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 earnings per share. As a group, analysts expect that CoStar Group will post 0.43 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in CoStar Group by 125.4% in the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after acquiring an additional 173 shares during the last quarter. Riverview Trust Co bought a new position in CoStar Group in the first quarter valued at $35,000. TFO Wealth Partners LLC grew its stake in shares of CoStar Group by 5,571.4% during the fourth quarter. TFO Wealth Partners LLC now owns 397 shares of the technology company’s stock valued at $350,000 after buying an additional 390 shares during the last quarter. Pinnacle Bancorp Inc. bought a new position in shares of CoStar Group during the fourth quarter valued at about $37,000. Finally, CVA Family Office LLC bought a new position in shares of CoStar Group during the fourth quarter valued at about $60,000. Institutional investors own 96.60% of the company’s stock.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.