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

CoStar Group (NASDAQ:CSGP) had its price objective reduced by The Goldman Sachs Group from $73.00 to $63.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other analysts have also recently issued reports on CSGP. BTIG Research set a $60.00 target price on shares of CoStar Group and gave the company a “buy” rating in a research report on Thursday, February 26th. Citizens Jmp dropped their price target on CoStar Group from $78.00 to $73.00 and set a “market outperform” rating for the company in a research report on Wednesday, February 25th. Robert W. Baird set a $73.00 price objective on CoStar Group in a research note on Wednesday, February 25th. William Blair restated an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.76.

CoStar Group Stock Up 0.2%

NASDAQ CSGP opened at $42.92 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84. The company has a market capitalization of $18.02 billion, a P/E ratio of 4,295.90, a P/E/G ratio of 1.15 and a beta of 0.89. CoStar Group has a one year low of $41.84 and a one year high of $97.43. The stock has a 50 day moving average price of $52.34 and a 200-day moving average price of $66.21.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $899.90 million during the quarter, compared to analyst estimates of $892.22 million. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. CoStar Group’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. As a group, equities analysts predict that CoStar Group will post 0.94 EPS for the current fiscal year.

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

Insider Buying and Selling

In other news, Director Louise S. Sams bought 1,000 shares of the firm’s stock in a transaction that occurred 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 purchase, the director directly owned 20,409 shares in the company, valued at approximately $986,979.24. This trade represents a 5.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Institutional Trading of CoStar Group

A number of institutional investors have recently made changes to their positions in the company. Quent Capital LLC purchased a new stake in CoStar Group in the 3rd quarter valued at $26,000. Reflection Asset Management acquired a new stake in CoStar Group in the 4th quarter valued at approximately $27,000. Manning & Napier Advisors LLC purchased a new stake in shares of CoStar Group in the 3rd quarter valued at $28,000. Lloyd Advisory Services LLC. purchased a new stake in CoStar Group during the fourth quarter worth about $29,000. Finally, Westside Investment Management Inc. increased its stake 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 buying an additional 180 shares during the period. 96.60% of the stock is 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.