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

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

CoStar Group Stock Up 1.9 %

Shares of CSGP traded up $1.42 on Tuesday, hitting $75.48. 5,451,375 shares of the stock traded hands, compared to its average volume of 2,543,701. CoStar Group has a one year low of $68.26 and a one year high of $100.38. The company has a market capitalization of $30.94 billion, a PE ratio of 171.54 and a beta of 0.87. The business has a 50 day simple moving average of $73.81 and a 200 day simple moving average of $75.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63.

Insider Activity at CoStar Group

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was 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 owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $83.00 target price on shares of CoStar Group in a report on Friday, January 10th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Monday, January 6th. Stephens reissued an “overweight” rating and set a $103.00 price objective on shares of CoStar Group in a research report on Tuesday. BMO Capital Markets dropped their target price on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Finally, Citigroup decreased their price target on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, CoStar Group has an average rating of “Moderate Buy” and an average target price 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.