CoStar Group (CSGP)

• Market cap: $31.6B
• 1 day: -9.48%
• 5 days: -8.52%
• 1 month: -5.52%
• 3 months: -2.17%
• 6 months: 1.91%
• Year to date: 5.69%
• 1 year: -18.21%
• 5 years: 15.47%
• 10 years: 266.24%
• Sector: Real Estate
• Industry: Real Estate Services

About: CoStar Group is a leading provider of commercial real estate data and marketplace listing platforms. Its data offering contains in-depth analytical information on over 5 million commercial real estate properties related to various subsectors including office, retail, hotels, multifamily, healthcare, industrial, self-storage, and data centers. It operates many flagship brands such as CoStar Suite, LoopNet, Apartments.com, BizBuySell, and Lands of America, with more than 80% of its revenue classified as subscription-based. The company recently expanded its presence in Canada, the United Kingdom, Spain, and France.

Employees: 6,152

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

48% more first-time investments, than exits

New positions opened: 139 | Existing positions closed: 94

33% more funds holding in top 10

Funds holding in top 10: 12 [Q3] → 16 (+4) [Q4]

17% more call options, than puts

Call options by funds: $94.7M | Put options by funds: $80.7M

4% more funds holding

Funds holding: 755 [Q3] → 784 (+29) [Q4]

2.58% more ownership

Funds ownership: 95.65% [Q3] → 98.24% (+2.58%) [Q4]

6% more repeat investments, than reductions

Existing positions increased: 289 | Existing positions reduced: 273

3% less capital invested

Capital invested by funds: $29.6B [Q3] → $28.8B (-$740M) [Q4]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $65 13% downside
• Avg. target: $86 14% upside
• High target: $103 38% upside

11 analyst ratings

• positive: 8 73%
• neutral: 1 9%
• negative: 2 18%

Wells Fargo Jason Haas 47% 1-year accuracy 24 / 51 met price target	13% downside $65	Underweight Maintained	30 Apr 2025
Keefe, Bruyette & Woods Ryan Tomasello 64% 1-year accuracy 7 / 11 met price target	27% upside $95	Outperform Maintained	30 Apr 2025
JMP Securities Nicholas Jones 42% 1-year accuracy 35 / 83 met price target	14% upside $85	Market Outperform Reiterated	30 Apr 2025
Needham Mayank Tandon 37% 1-year accuracy 42 / 114 met price target	31% upside $98	Buy Maintained	30 Apr 2025
RBC Capital Ashish Sabadra 48% 1-year accuracy 26 / 54 met price target	11% upside $83	Sector Perform Reiterated	17 Apr 2025