Keefe, Bruyette & Woods Has Lowered Expectations for CoStar Group (NASDAQ:CSGP) Stock Price

CoStar Group (NASDAQ:CSGP) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $57.00 to $50.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 45.82% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Bank of America set a $74.00 price objective on CoStar Group in a report on Wednesday, January 7th. BMO Capital Markets reduced their price objective on CoStar Group from $72.00 to $53.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. Zacks Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Citigroup reduced their target price on CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Stephens reduced their target price on CoStar Group from $70.00 to $50.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.71.

CoStar Group Price Performance

CSGP stock traded down $1.67 during midday trading on Wednesday, hitting $34.29. 2,926,748 shares of the stock were exchanged, compared to its average volume of 6,678,857. The stock’s 50-day moving average price is $42.37 and its 200-day moving average price is $57.36. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of 3,388.29, a PEG ratio of 0.94 and a beta of 0.92. CoStar Group has a fifty-two week low of $33.31 and a fifty-two week high of $97.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $897.69 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.CoStar Group’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) earnings per share. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Research analysts predict that CoStar Group will post 0.96 earnings per share for the current year.

CoStar Group announced that its board has initiated a share repurchase plan on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Transactions at CoStar Group

In related news, Director Louise S. Sams bought 1,000 shares of CoStar Group stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average price of $48.36 per share, with a total value of $48,360.00. Following the purchase, the director owned 20,409 shares in the company, valued at $986,979.24. This 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 through this link. Insiders own 1.09% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. ING Groep NV raised its holdings in CoStar Group by 1,950.5% in the 3rd quarter. ING Groep NV now owns 128,052 shares of the technology company’s stock valued at $10,804,000 after acquiring an additional 121,807 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in CoStar Group by 14.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,380 shares of the technology company’s stock valued at $14,459,000 after acquiring an additional 21,225 shares during the last quarter. UMB Bank n.a. raised its holdings in CoStar Group by 51.6% in the 3rd quarter. UMB Bank n.a. now owns 225,305 shares of the technology company’s stock valued at $19,009,000 after acquiring an additional 76,720 shares during the last quarter. Douglas Lane & Associates LLC raised its holdings in CoStar Group by 4.3% in the 4th quarter. Douglas Lane & Associates LLC now owns 683,061 shares of the technology company’s stock valued at $45,929,000 after acquiring an additional 28,279 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in CoStar Group by 682.3% in the 3rd quarter. American Century Companies Inc. now owns 551,523 shares of the technology company’s stock valued at $46,532,000 after acquiring an additional 481,024 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Trending Headlines about CoStar Group

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

• Positive Sentiment: Q1 beat and revenue growth — CoStar reported $0.23 adjusted EPS (vs. $0.18 consensus) and $897M revenue, +23% YoY; profitability (Adjusted EBITDA) improved materially. These results support the narrative of recovering margins and top-line momentum. CoStar Group Q1 2026 Revenue Grows 23% Year-over-Year
• Positive Sentiment: Raised adjusted EBITDA outlook — Management increased FY2026 Adjusted EBITDA guidance to $780M–$820M and set Q2/FY EPS guidance above prior consensus, which is supportive for margin-normalization expectations. Costar raises 2026 adjusted EBITDA outlook
• Positive Sentiment: Apartments.com rent data shows demand resilience — Apartments.com reported modest national rent growth (+0.2% in April) and continued positive monthly trends, supporting marketplace revenue potential for CoStar’s rental-related businesses. Apartments.com Releases Multifamily Rent Growth Report for April 2026
• Neutral Sentiment: Office market outlook stabilizing — CoStar projects U.S. office vacancy to remain near 14% through 2026 before slowly declining, which removes some downside tail risk but is not an immediate uplift to growth. CoStar Projects Steady U.S. Office Vacancy Through 2026
• Neutral Sentiment: Corporate communications shift — CoStar said it will use its website as a primary investor information channel; useful for transparency but unlikely to move fundamentals. CoStar Highlights Website as Key Investor Information Channel
• Negative Sentiment: Analyst target revisions and mixed reception — Needham trimmed its price target (from $60 to $50) despite keeping a buy, while other firms left higher targets; divergent analyst views add near-term uncertainty and can pressure the stock. Benzinga analyst notes
• Negative Sentiment: Investor skepticism on Homes.com spending and valuation — Commentary and intraday analysis highlight concerns that continued investment in Homes.com may delay free cash flow expansion; combined with an extreme trailing P/E and recent pre-earnings positioning, this drove selling pressure. CoStar Group slides as investors position ahead of earnings
• Negative Sentiment: AI and competitive concerns flagged by media — Coverage noting “Rising AI fears” and competitive risks has added to sentiment headwinds, especially for a growth stock priced for long-term execution. Rising AI Fears Hurt CoStar Group in Q1

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.