CoStar Group (NASDAQ:CSGP) Announces Quarterly Earnings Results, Meets Expectations

CoStar Group (NASDAQ:CSGP) released its quarterly earnings results on Tuesday. The technology company reported $0.22 EPS for the quarter, meeting 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 Stock Performance

Shares of CSGP opened at $75.48 on Wednesday. The company has a 50-day simple moving average of $73.81 and a two-hundred day simple moving average of $75.34. 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 firm has a market capitalization of $30.94 billion, a PE ratio of 171.54 and a beta of 0.87. CoStar Group has a one year low of $68.26 and a one year high of $100.38.

Insider Activity

In other news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 58,798 shares in the company, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.57% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. William Blair restated an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. JMP Securities reiterated a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a research note on Monday, December 16th. Keefe, Bruyette & Woods reduced their target price on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company began coverage on shares of CoStar Group in a report on Wednesday, February 5th. They issued an “underweight” rating and a $65.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.23.

CoStar Group announced that its board has approved a stock buyback program on Tuesday, February 18th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 1.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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.