William Blair Decreases Earnings Estimates for CoStar Group

CoStar Group, Inc. (NASDAQ:CSGP) – Research analysts at William Blair reduced their Q1 2025 EPS estimates for shares of CoStar Group in a report issued on Wednesday, February 19th. William Blair analyst S. Sheldon now forecasts that the technology company will earn $0.06 per share for the quarter, down from their prior estimate of $0.16. William Blair has a “Outperform” rating on the stock. The consensus estimate for CoStar Group’s current full-year earnings is $0.94 per share. William Blair also issued estimates for CoStar Group’s Q2 2025 earnings at $0.17 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.29 EPS, FY2025 earnings at $0.72 EPS and FY2026 earnings at $1.26 EPS.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. CoStar Group had a net margin of 5.07% and a return on equity of 3.11%. The company had revenue of $709.40 million during the quarter, compared to analyst estimates of $703.00 million.

A number of other equities research analysts have also issued reports on CSGP. JPMorgan Chase & Co. lowered their target price on CoStar Group from $99.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. Needham & Company LLC lowered their price target on shares of CoStar Group from $100.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company lowered their price target on shares of CoStar Group from $65.00 to $63.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Citigroup lowered their price target on shares of CoStar Group from $88.00 to $86.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Stephens reaffirmed an “overweight” rating and set a $103.00 price target on shares of CoStar Group in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, CoStar Group has a consensus rating of “Moderate Buy” and an average price target of $88.00.

CoStar Group Price Performance

CSGP stock opened at $77.60 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 8.96. CoStar Group has a 1 year low of $68.26 and a 1 year high of $100.38. The firm has a market cap of $31.81 billion, a P/E ratio of 221.71 and a beta of 0.87. The stock has a 50-day simple moving average of $74.00 and a 200-day simple moving average of $75.49.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Bamco Inc. NY grew its position in shares of CoStar Group by 2.2% in the 4th quarter. Bamco Inc. NY now owns 19,203,564 shares of the technology company’s stock worth $1,374,783,000 after acquiring an additional 418,128 shares in the last quarter. State Street Corp grew its position in shares of CoStar Group by 4.4% in the 3rd quarter. State Street Corp now owns 17,059,744 shares of the technology company’s stock worth $1,286,987,000 after acquiring an additional 722,153 shares in the last quarter. Capital International Investors boosted its holdings in shares of CoStar Group by 44.9% in the 4th quarter. Capital International Investors now owns 14,032,363 shares of the technology company’s stock valued at $1,004,578,000 after buying an additional 4,345,267 shares during the period. Geode Capital Management LLC boosted its holdings in shares of CoStar Group by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 11,475,755 shares of the technology company’s stock valued at $819,678,000 after buying an additional 166,769 shares during the period. Finally, Akre Capital Management LLC boosted its holdings in shares of CoStar Group by 4.3% in the 4th quarter. Akre Capital Management LLC now owns 9,313,880 shares of the technology company’s stock valued at $666,781,000 after buying an additional 379,787 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group declared that its board has approved a stock buyback plan on Tuesday, February 18th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 1.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board 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.