CoStar Group (NASDAQ:CSGP) Releases Quarterly Earnings Results, Hits Estimates

CoStar Group (NASDAQ:CSGP) released its quarterly earnings results on Tuesday. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22, Zacks reports. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. CoStar Group updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

CoStar Group Price Performance

Shares of CoStar Group stock traded up $1.42 during trading on Tuesday, reaching $75.48. 5,451,375 shares of the stock traded hands, compared to its average volume of 2,543,701. CoStar Group has a 52-week low of $68.26 and a 52-week high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63. The business has a fifty day simple moving average of $73.81 and a two-hundred day simple moving average of $75.34. The company has a market capitalization of $30.94 billion, a price-to-earnings ratio of 171.54 and a beta of 0.87.

Insider Buying and Selling

In related news, insider Michael J. Desmarais sold 5,500 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the completion of the transaction, the insider now directly owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CSGP. Wells Fargo & Company initiated coverage on shares of CoStar Group in a research note on Wednesday, February 5th. They issued an “underweight” rating and a $65.00 price objective on the stock. StockNews.com downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Stephens reissued an “overweight” rating and set a $103.00 price objective on shares of CoStar Group in a research report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of CoStar Group in a report on Monday, December 9th. Finally, BMO Capital Markets lowered their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.23.

About CoStar Group

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.