CoStar Group (NASDAQ:CSGP) Price Target Lowered to $80.00 at Needham & Company LLC

CoStar Group (NASDAQ:CSGP) had its price target lowered by Needham & Company LLC from $105.00 to $80.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

A number of other brokerages also recently issued reports on CSGP. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a report on Monday, December 29th. Raymond James Financial set a $74.00 price objective on CoStar Group in a research note on Wednesday. Wells Fargo & Company reiterated an “underweight” rating and issued a $55.00 target price (down previously from $60.00) on shares of CoStar Group in a research note on Thursday. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a $68.00 price target on shares of CoStar Group in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, CoStar Group has a consensus rating of “Moderate Buy” and an average target price of $86.38.

CoStar Group Trading Down 0.5%

NASDAQ:CSGP opened at $61.36 on Thursday. The firm has a 50-day simple moving average of $67.12 and a 200-day simple moving average of $78.96. CoStar Group has a one year low of $60.19 and a one year high of $97.43. The firm has a market cap of $26.01 billion, a P/E ratio of 1,227.20, a P/E/G ratio of 1.33 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the firm earned $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. Equities analysts anticipate that CoStar Group will post 0.94 EPS for the current fiscal year.

CoStar Group announced that its Board of Directors has approved a share buyback program on Wednesday, January 7th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. NewSquare Capital LLC lifted its holdings in shares of CoStar Group by 35.6% during the second quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock worth $33,000 after purchasing an additional 108 shares during the period. Emerald Advisers LLC raised its position in CoStar Group by 1.9% during the 2nd quarter. Emerald Advisers LLC now owns 5,763 shares of the technology company’s stock worth $463,000 after buying an additional 110 shares during the last quarter. Empirical Finance LLC raised its position in CoStar Group by 1.4% during the 2nd quarter. Empirical Finance LLC now owns 8,376 shares of the technology company’s stock worth $673,000 after buying an additional 114 shares during the last quarter. Wallace Advisory Group LLC lifted its stake in CoStar Group by 2.5% during the 2nd quarter. Wallace Advisory Group LLC now owns 5,201 shares of the technology company’s stock valued at $412,000 after acquiring an additional 126 shares during the period. Finally, STF Management LP boosted its holdings in shares of CoStar Group by 2.1% in the 2nd quarter. STF Management LP now owns 6,269 shares of the technology company’s stock valued at $504,000 after acquiring an additional 128 shares during the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

CoStar Group News Summary

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.