Needham & Company LLC Cuts CoStar Group (NASDAQ:CSGP) Price Target to $80.00

CoStar Group (NASDAQ:CSGP) had its price target decreased by Needham & Company LLC from $105.00 to $80.00 in a research note issued to investors on Thursday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

CSGP has been the topic of a number of other research reports. Jefferies Financial Group raised CoStar Group to a “hold” rating in a report on Wednesday, October 29th. BTIG Research began coverage on shares of CoStar Group in a research note on Friday, October 3rd. They set a “neutral” rating on the stock. Raymond James Financial set a $74.00 price target on shares of CoStar Group in a report on Wednesday. BMO Capital Markets decreased their price objective on shares of CoStar Group from $77.00 to $72.00 and set a “market perform” rating on the stock in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a $68.00 target price on shares of CoStar Group in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.38.

CoStar Group Trading Down 4.7%

Shares of CoStar Group stock opened at $58.49 on Thursday. The firm has a market cap of $24.79 billion, a price-to-earnings ratio of 1,169.80, a price-to-earnings-growth ratio of 1.28 and a beta of 0.84. CoStar Group has a 52-week low of $58.41 and a 52-week high of $97.43. The company’s 50-day simple moving average is $66.92 and its 200-day simple moving average is $78.79. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $833.60 million for the quarter, compared to analyst estimates of $823.62 million. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. As a group, equities research analysts anticipate that CoStar Group will post 0.94 earnings per share for the current year.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CSGP. Quent Capital LLC purchased a new stake in CoStar Group in the 3rd quarter valued at approximately $26,000. Rossby Financial LCC lifted its position in shares of CoStar Group by 315.9% in the second quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock valued at $27,000 after acquiring an additional 259 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of CoStar Group during the third quarter valued at $28,000. Bayforest Capital Ltd acquired a new stake in shares of CoStar Group during the first quarter valued at $29,000. Finally, Westside Investment Management Inc. increased its position in CoStar Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock worth $30,000 after purchasing an additional 180 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

More CoStar Group News

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

• Positive Sentiment: Board approved a $1.5 billion share buyback (up to ~5.3% of shares); buybacks can support the stock and signal management sees shares as undervalued. CoStar Group (NASDAQ:CSGP) to Buyback $1.50 billion in Outstanding Shares
• Positive Sentiment: Company set FY26 guidance implying roughly 18% year‑over‑year revenue growth — a growth outlook that supports long‑term valuation if execution continues. CoStar sees ~18% Y/Y growth in FY26 revenue
• Positive Sentiment: CoStar market data shows U.S. office leasing activity rose ~5% in 2025 (Boston strongest); improving leasing fundamentals help demand for CoStar’s data and subscription services. CoStar data shows office leasing activity rose 5% in 2025
• Positive Sentiment: Apartments.com reported a modest rebound in U.S. apartment rent growth in December — a positive signal for CoStar’s rentals/marketplace segment revenue. Apartments.com Releases Multifamily Rent Growth Report for December 2025
• Neutral Sentiment: Analyst survey / deep dive summarizes seven recent ratings — several firms remain positive but many trimmed price targets, showing mixed sentiment among sell‑side analysts. Deep Dive Into CoStar Group Stock: Analyst Perspectives (7 Ratings)
• Neutral Sentiment: Market commentary is asking whether the $1.5B buyback reshapes CoStar’s growth story versus returning cash — importance depends on execution and whether buybacks materially lift EPS. Is CoStar (CSGP) Using Its New $1.5 Billion Buyback To Redefine Its Growth Story?
• Negative Sentiment: Multiple analysts cut price targets recently (BMO lowered to $72; Goldman, Needham, Citizens Jmp also trimmed targets), which can pressure the stock as sell‑side comps and short‑term sentiment weaken. CoStar Group price target lowered to $72 from $77 at BMO Capital

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.