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

CoStar Group (NASDAQ:CSGP) had its price target cut by equities research analysts at BTIG Research from $42.00 to $35.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. BTIG Research‘s price objective indicates a potential upside of 9.34% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Robert W. Baird set a $34.00 price objective on CoStar Group and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Wolfe Research reissued an “outperform” rating and issued a $32.00 price target (down from $35.00) on shares of CoStar Group in a report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their price objective on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research note on Monday, September 21st. Finally, Keefe, Bruyette & Woods downgraded shares of CoStar Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $41.00 to $29.00 in a report on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.21.

CoStar Group Stock Performance

Shares of NASDAQ CSGP opened at $32.01 on Wednesday. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 168.48 and a beta of 0.80. CoStar Group has a fifty-two week low of $25.89 and a fifty-two week high of $78.95. The firm’s 50-day simple moving average is $30.56 and its 200 day simple moving average is $37.41.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, October 27th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $952.00 million during the quarter, compared to the consensus estimate of $945.82 million. During the same quarter in the previous year, the company earned $0.23 EPS. The business’s revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts predict that CoStar Group will post 1.07 EPS for the current year.

Insider Activity

In other CoStar Group news, CEO Andrew C. Florance acquired 83,300 shares of CoStar Group stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the acquisition, the chief executive officer owned 1,806,165 shares of the company’s stock, valued at $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $30.78, for a total transaction of $147,374.64. Following the transaction, the chief accounting officer owned 18,822 shares in the company, valued at $579,341.16. This represents a 20.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.18% of the company’s stock.

Institutional Trading of CoStar Group

A number of large investors have recently made changes to their positions in the stock. Transamerica Financial Advisors LLC purchased a new position in shares of CoStar Group during the second quarter valued at approximately $33,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of CoStar Group in the second quarter worth $47,000. Root Financial Partners LLC bought a new stake in shares of CoStar Group in the third quarter worth $48,000. CYBER HORNET ETFs LLC increased its position in CoStar Group by 50.8% during the second quarter. CYBER HORNET ETFs LLC now owns 1,757 shares of the technology company’s stock valued at $50,000 after acquiring an additional 592 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in CoStar Group in the second quarter valued at about $59,000. 96.60% of the stock is currently owned by institutional investors.

Key Headlines Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: CoStar reported record third-quarter revenue of $952 million, up 14% year over year, while adjusted EBITDA reached a record $229 million, roughly doubling from the prior year. Adjusted earnings of $0.38 per share exceeded the $0.34 consensus estimate, and operating cash flow increased substantially. CoStar Group third-quarter results
• Positive Sentiment: Management raised its 2026 adjusted EBITDA outlook to $820 million-$840 million and set a longer-term target of approximately $1.25 billion in adjusted EBITDA by 2028, reinforcing the potential for margin expansion and stronger cash generation. CoStar raises EBITDA outlook
• Positive Sentiment: CoStar agreed to acquire Vexcel Group for approximately $730 million. Vexcel’s survey-grade aerial imagery and geospatial data could enhance search, discovery, analytics, and digital-twin products across CoStar’s platforms. CoStar to acquire Vexcel
• Neutral Sentiment: The quarter’s GAAP net income was $74 million, or $0.18 per diluted share, while revenue was slightly below at least one Wall Street estimate of $965.1 million. The differing adjusted and GAAP figures may be contributing to investor caution.
• Negative Sentiment: Investors appeared to view the outlook and acquisition spending cautiously. The stock’s decline reflects concern that near-term growth may not justify its elevated valuation, with shares trading well below their 200-day moving average and at a high earnings multiple. CoStar third-quarter stock reaction

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.