The Goldman Sachs Group Lowers CoStar Group (NASDAQ:CSGP) Price Target to $63.00

CoStar Group (NASDAQ:CSGP) had its price target cut by stock analysts at The Goldman Sachs Group from $73.00 to $63.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s price target points to a potential upside of 48.73% from the company’s previous close.

CSGP has been the topic of several other research reports. Bank of America set a $74.00 price target on CoStar Group in a research note on Wednesday, January 7th. Needham & Company LLC dropped their price objective on CoStar Group from $80.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 25th. Citigroup restated a “market outperform” rating on shares of CoStar Group in a research report on Thursday, January 8th. Keefe, Bruyette & Woods reduced their target price on shares of CoStar Group from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Finally, Wells Fargo & Company dropped their price target on shares of CoStar Group from $48.00 to $44.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.76.

CoStar Group Price Performance

Shares of CSGP traded down $0.75 during mid-day trading on Thursday, hitting $42.36. 2,072,014 shares of the company traded hands, compared to its average volume of 6,964,273. CoStar Group has a one year low of $41.84 and a one year high of $97.43. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $53.02 and a 200 day moving average of $66.86. The stock has a market capitalization of $17.78 billion, a price-to-earnings ratio of 4,237.04, a PEG ratio of 1.18 and a beta of 0.89.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The firm had revenue of $899.90 million during the quarter, compared to analysts’ expectations of $892.22 million. During the same quarter in the previous year, the company posted $0.26 EPS. CoStar Group’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 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other news, Director Louise S. Sams acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the acquisition, the director owned 20,409 shares in the company, valued at $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.09% of the stock is owned by insiders.

Institutional Investors Weigh In On CoStar Group

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of CoStar Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock valued at $5,910,662,000 after buying an additional 1,208,958 shares during the period. Bamco Inc. NY grew its stake in CoStar Group by 3.4% in the second quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock valued at $1,582,267,000 after acquiring an additional 647,413 shares during the period. State Street Corp increased its holdings in shares of CoStar Group by 1.9% in the fourth quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock worth $1,252,839,000 after acquiring an additional 348,224 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of 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 acquiring an additional 4,691,543 shares in the last quarter. Finally, Capital International Investors raised its position in shares of CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after purchasing an additional 4,053,456 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

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.