CoStar Group (NASDAQ:CSGP) Price Target Lowered to $56.00 at Robert W. Baird

CoStar Group (NASDAQ:CSGP) had its target price decreased by Robert W. Baird from $73.00 to $56.00 in a research note issued to investors on Monday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the technology company’s stock.

Several other equities research analysts have also issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of CoStar Group from $73.00 to $63.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $68.00 price target on shares of CoStar Group in a report on Thursday, January 8th. BNP Paribas Exane started coverage on shares of CoStar Group in a report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 price target on the stock. Finally, Royal Bank Of Canada decreased their price target on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $71.76.

CoStar Group Price Performance

CSGP stock opened at $37.06 on Monday. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. CoStar Group has a 12 month low of $34.75 and a 12 month high of $97.43. The firm has a market cap of $15.56 billion, a P/E ratio of 3,709.71, a P/E/G ratio of 0.98 and a beta of 0.92. The company’s 50-day moving average price is $44.67 and its two-hundred day moving average price is $60.73.

CoStar Group (NASDAQ:CSGP) last released its earnings results 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 net margin of 0.23% and a return on equity of 2.53%. The firm had revenue of $899.90 million for the quarter, compared to analyst estimates of $892.22 million. During the same period last year, the firm earned $0.26 EPS. The business’s quarterly 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. On average, analysts anticipate that CoStar Group will post 0.94 earnings per share for the current fiscal year.

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

Insider Activity

In related news, Director Louise S. Sams purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average cost of $48.36 per share, with a total value of $48,360.00. Following the acquisition, the director owned 20,409 shares of the company’s stock, valued at $986,979.24. This trade represents a 5.15% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.09% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

A number of institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC grew its holdings in CoStar Group by 34.2% during the 4th quarter. Hsbc Holdings PLC now owns 987,270 shares of the technology company’s stock worth $66,392,000 after acquiring an additional 251,750 shares during the last quarter. BSN CAPITAL PARTNERS Ltd bought a new stake in CoStar Group during the 4th quarter worth approximately $10,144,000. Reflection Asset Management bought a new stake in CoStar Group during the 4th quarter worth approximately $27,000. SG Trading Solutions LLC bought a new stake in CoStar Group during the 4th quarter worth approximately $218,000. Finally, Pacer Advisors Inc. grew its holdings in CoStar Group by 1.6% during the 4th quarter. Pacer Advisors Inc. now owns 64,330 shares of the technology company’s stock worth $4,326,000 after acquiring an additional 1,029 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

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.