CoStar Group (NASDAQ:CSGP) Price Target Cut to $50.00 by Analysts at Stephens

CoStar Group (NASDAQ:CSGP) had its price target reduced by Stephens from $70.00 to $50.00 in a research report released on Tuesday morning, MarketBeat reports. Stephens currently has an overweight rating on the technology company’s stock.

A number of other analysts have also issued reports on CSGP. BNP Paribas Exane began coverage on shares of CoStar Group in a research note on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 price target for the company. BMO Capital Markets dropped their price target on shares of CoStar Group from $72.00 to $53.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Needham & Company LLC dropped their price target on shares of CoStar Group from $80.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. William Blair restated an “outperform” rating on shares of CoStar Group in a research note on Tuesday, March 3rd. Finally, Citigroup restated a “market outperform” rating on shares of CoStar Group in a research note on Thursday, January 8th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned 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 $68.53.

CoStar Group Trading Up 1.5%

CSGP opened at $37.60 on Tuesday. The firm has a market capitalization of $15.78 billion, a P/E ratio of 3,763.76, a P/E/G ratio of 0.99 and a beta of 0.92. The firm’s 50 day moving average is $44.39 and its 200-day moving average is $60.40. CoStar Group has a 52-week low of $34.75 and a 52-week high of $97.43. 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 (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $899.90 million during the quarter, compared to analyst estimates of $892.22 million. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The business’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Analysts expect that CoStar Group will post 0.94 EPS for the current fiscal year.

CoStar Group declared that its Board of Directors has initiated a share buyback program on Wednesday, January 7th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Louise S. Sams bought 1,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was bought at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the purchase, the director directly owned 20,409 shares in the company, valued at approximately $986,979.24. The trade was a 5.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.09% of the stock is currently owned by insiders.

Institutional Trading of CoStar Group

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

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.