BTIG Research Issues Pessimistic Forecast for CoStar Group (NASDAQ:CSGP) Stock Price

CoStar Group (NASDAQ:CSGP) had its price target dropped by equities research analysts at BTIG Research from $60.00 to $55.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has a “buy” rating on the technology company’s stock. BTIG Research’s price objective suggests a potential upside of 37.36% from the company’s current price.

Several other brokerages also recently weighed in on CSGP. Stephens reduced their price target on CoStar Group from $70.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday. Citigroup restated a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. Citizens Jmp dropped their price objective on CoStar Group from $78.00 to $73.00 and set a “market outperform” rating on the stock in a research report on Wednesday, February 25th. Jefferies Financial Group raised CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research report on Friday, March 27th. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $68.24.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $40.04 on Wednesday. CoStar Group has a 1-year low of $34.75 and a 1-year high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84. The business has a fifty day moving average price of $43.91 and a 200-day moving average price of $60.12. The company has a market capitalization of $16.81 billion, a PE ratio of 4,008.01, a PEG ratio of 1.05 and a beta of 0.92.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share 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 last year, the company earned $0.26 earnings per share. The company’s revenue was up 26.9% on a year-over-year basis. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. As a group, equities analysts expect that CoStar Group will post 0.94 EPS for the current fiscal year.

CoStar Group announced that its board has approved a stock repurchase plan on Wednesday, January 7th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at CoStar Group

In other CoStar Group news, Director Louise S. Sams acquired 1,000 shares of the company’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 completion of the transaction, the director directly owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This represents a 5.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On CoStar Group

Several institutional investors have recently modified their holdings of CSGP. Enhancing Capital LLC boosted its position in CoStar Group by 2.2% in the third quarter. Enhancing Capital LLC now owns 7,030 shares of the technology company’s stock worth $593,000 after purchasing an additional 150 shares during the last quarter. Rossby Financial LCC boosted its position in CoStar Group by 47.5% in the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock worth $42,000 after purchasing an additional 162 shares during the last quarter. Golden State Wealth Management LLC boosted its position in CoStar Group by 4.8% in the third quarter. Golden State Wealth Management LLC now owns 3,626 shares of the technology company’s stock worth $306,000 after purchasing an additional 166 shares during the last quarter. Zions Bancorporation National Association UT boosted its position in CoStar Group by 41.8% in the third quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company’s stock worth $48,000 after purchasing an additional 166 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its position in CoStar Group by 2.3% in the third quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock worth $637,000 after purchasing an additional 167 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other 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.