CoStar Group (NASDAQ:CSGP) Price Target Lowered to $63.00 at The Goldman Sachs Group

CoStar Group (NASDAQ:CSGP) had its price objective cut by The Goldman Sachs Group from $73.00 to $63.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on CSGP. Royal Bank Of Canada cut their target price on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 25th. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 29th. Zacks Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, BMO Capital Markets reduced their price target on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.76.

CoStar Group Trading Down 0.7%

Shares of CoStar Group stock opened at $42.82 on Thursday. CoStar Group has a 1 year low of $41.84 and a 1 year high of $97.43. The company has a market capitalization of $17.98 billion, a P/E ratio of 4,286.29, a PEG ratio of 1.15 and a beta of 0.89. The company’s fifty day moving average is $52.65 and its two-hundred day moving average is $66.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The firm had revenue of $899.90 million during the quarter, compared to the consensus estimate of $892.22 million. During the same period in the prior year, the business earned $0.26 EPS. The firm’s revenue was up 26.9% compared to the same quarter last year. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Analysts forecast that CoStar Group will post 0.94 earnings per share for the current year.

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

Insider Activity

In other news, Director Louise S. Sams acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the transaction, the director directly owned 20,409 shares in the company, valued at $986,979.24. This trade represents a 5.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.09% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in CoStar Group during the 4th quarter valued at $476,765,000. Baillie Gifford & Co. grew its position in CoStar Group by 56.9% in the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after buying an additional 4,691,543 shares in the last quarter. Capital International Investors increased its stake in CoStar Group by 59.7% during the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after buying an additional 4,053,456 shares during the period. Viking Global Investors LP acquired a new stake in shares of CoStar Group in the 2nd quarter worth approximately $258,773,000. Finally, Goldman Sachs Group Inc. boosted its stake in CoStar Group by 70.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock valued at $252,238,000 after purchasing an additional 1,556,100 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Company Profile

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.