Citigroup Lowers CoStar Group (NASDAQ:CSGP) Price Target to $70.00

CoStar Group (NASDAQ:CSGP) had its price target cut by analysts at Citigroup from $100.00 to $70.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Citigroup’s price objective points to a potential upside of 92.10% from the company’s current price.

Several other brokerages also recently commented on CSGP. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on shares of CoStar Group in a research note on Thursday, January 8th. Robert W. Baird decreased their price target on shares of CoStar Group from $73.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday, April 13th. Jefferies Financial Group upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Friday, February 20th. 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 for the company in a research report on Wednesday, February 25th. Finally, BTIG Research decreased their price target on shares of CoStar Group from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and an average price target of $66.47.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $36.44 on Thursday. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 3,647.65, a PEG ratio of 0.97 and a beta of 0.92. 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 firm has a 50 day simple moving average of $42.74 and a 200 day simple moving average of $58.24. CoStar Group has a one year low of $34.75 and a one year high of $97.43.

CoStar Group (NASDAQ:CSGP) last issued 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. The business had revenue of $899.90 million during the quarter, compared to the consensus estimate of $892.22 million. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The firm’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Research analysts predict that CoStar Group will post 0.96 earnings per share for the current fiscal year.

CoStar Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 7th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the technology company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Transactions at CoStar Group

In other CoStar Group news, Director Louise S. Sams purchased 1,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the transaction, the director owned 20,409 shares in the company, valued at $986,979.24. The trade was a 5.15% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 modified their holdings of CSGP. Norges Bank bought a new stake in shares of CoStar Group in the 4th quarter valued at $476,765,000. Baillie Gifford & Co. boosted its stake in shares of 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 purchasing an additional 4,691,543 shares during the last quarter. Capital International Investors boosted its stake in shares of CoStar Group by 59.7% in the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after purchasing an additional 4,053,456 shares during the last quarter. Viking Global Investors LP bought a new stake in shares of CoStar Group in the 2nd quarter valued at $258,773,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of CoStar Group by 70.9% in 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 during the last quarter. 96.60% of the stock is owned by institutional investors.

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.