CoStar Group (NASDAQ:CSGP) Given New $78.00 Price Target at Citizens Jmp

CoStar Group (NASDAQ:CSGP) had its price target decreased by Citizens Jmp from $100.00 to $78.00 in a report published on Thursday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the technology company’s stock.

Several other equities research analysts also recently commented on the stock. Jefferies Financial Group raised shares of CoStar Group to a “hold” rating in a report on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of CoStar Group in a research note on Thursday. Wells Fargo & Company set a $60.00 price objective on shares of CoStar Group and gave the stock an “underweight” rating in a report on Monday, November 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a $91.00 target price on shares of CoStar Group in a report on Thursday, October 9th. Finally, Raymond James Financial set a $74.00 target price on CoStar Group in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.38.

CoStar Group Price Performance

CoStar Group stock opened at $61.36 on Thursday. The business’s 50 day simple moving average is $67.12 and its 200 day simple moving average is $78.96. CoStar Group has a 12 month low of $60.19 and a 12 month high of $97.43. The company has a market cap of $26.01 billion, a price-to-earnings ratio of 1,227.20, a PEG ratio of 1.33 and a beta of 0.84. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $833.60 million for the quarter, compared to analyst estimates of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. Sell-side analysts forecast that CoStar Group will post 0.94 EPS for the current year.

CoStar Group announced that its Board of Directors has initiated a share buyback plan on Wednesday, January 7th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On CoStar Group

A number of institutional investors and hedge funds have recently bought and sold shares of CSGP. Norges Bank purchased a new position in CoStar Group in the 2nd quarter worth approximately $426,783,000. Viking Global Investors LP bought a new stake in shares of CoStar Group during the 2nd quarter worth $258,773,000. Franklin Resources Inc. grew its position in CoStar Group by 70.3% in the second quarter. Franklin Resources Inc. now owns 3,439,904 shares of the technology company’s stock worth $276,568,000 after acquiring an additional 1,419,732 shares in the last quarter. Vanguard Group Inc. grew its position in CoStar Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock worth $5,910,662,000 after acquiring an additional 1,208,958 shares in the last quarter. Finally, Third Point LLC increased its stake in CoStar Group by 56.2% in the second quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock valued at $248,034,000 after acquiring an additional 1,110,000 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

More CoStar Group News

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Board authorized a $1.5 billion share buyback (up to ~5.3% of shares outstanding), signaling management thinks the stock is undervalued and returning capital to shareholders. RTT News – CoStar Buyback
• Positive Sentiment: Company issued a full-year 2026 and medium-term outlook calling for significant adjusted-EBITDA expansion and updated capital-allocation priorities (board- and Capital Allocation Committee-approved), which management frames as improving margins and shareholder alignment. BusinessWire – FY2026 Outlook
• Positive Sentiment: Some sell‑side support remains: William Blair reiterated a Buy rating, arguing conservative guidance plus improved capital allocation creates a buying opportunity. TipRanks – William Blair Reiterate
• Neutral Sentiment: FY2026 guidance: EPS range of $1.220–$1.330 and revenue guidance near $3.8B — roughly in line with consensus but presented conservatively; investors will watch execution vs. the midpoint. BusinessWire – Guidance
• Neutral Sentiment: Apartments.com reported U.S. apartment rents ticked up +0.1% month-over-month in Dec 2025 (national average $1,708), reversing several months of flat/negative monthly readings — modestly positive for recurring marketplace revenue but not a dramatic change. BusinessWire – Apartments.com Rent Report
• Negative Sentiment: Multiple sell‑side firms lowered price targets this morning (Goldman Sachs to $84, Needham to $80, BMO to $72, Citizens to $78). While many retained Buy/Outperform views, the cuts increase near-term selling pressure and signal reduced upside from prior forecasts. Benzinga – PT Cuts StreetInsider – BMO PT Cut
• Negative Sentiment: CoStar plans to reduce net investment in Homes.com by at least $100M per year through 2030; Barron’s reports investors reacted negatively to the long timeline to profitability, raising questions about near-term returns from that asset. Barron’s – Homes.com Profitability

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.