CoStar Group (NASDAQ:CSGP) Price Target Lowered to $44.00 at Citizens Jmp

CoStar Group (NASDAQ:CSGP) had its price target cut by Citizens Jmp from $73.00 to $44.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a market outperform rating on the technology company’s stock.

A number of other analysts have also weighed in on CSGP. The Goldman Sachs Group cut their target price on shares of CoStar Group from $73.00 to $63.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Royal Bank Of Canada cut their target price on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 25th. BTIG Research restated a “buy” rating and set a $55.00 target price on shares of CoStar Group in a research note on Wednesday. Needham & Company LLC cut their target price on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Bank of America set a $74.00 target price on shares of CoStar Group in a research note on Wednesday, January 7th. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.18.

CoStar Group Stock Down 5.1%

Shares of NASDAQ:CSGP opened at $34.14 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84. The firm has a market capitalization of $14.33 billion, a PE ratio of 3,417.42, a price-to-earnings-growth ratio of 0.94 and a beta of 0.92. The firm’s 50-day moving average is $42.07 and its two-hundred day moving average is $57.20. CoStar Group has a 1 year low of $33.31 and a 1 year high of $97.43.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $897.00 million for the quarter, compared to analyst estimates of $897.69 million. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($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. Analysts predict that CoStar Group will post 0.96 EPS for the current year.

CoStar Group announced that its board has authorized a share buyback program on Wednesday, January 7th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Louise S. Sams purchased 1,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were bought at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the purchase, the director directly owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This trade represents a 5.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CoStar Group

Hedge funds have recently added to or reduced their stakes in the stock. Quent Capital LLC purchased a new position in CoStar Group in the third quarter valued at approximately $26,000. Reflection Asset Management purchased a new position in CoStar Group in the fourth quarter valued at approximately $27,000. Manning & Napier Advisors LLC purchased a new position in CoStar Group in the third quarter valued at approximately $28,000. Lloyd Advisory Services LLC. purchased a new position in CoStar Group in the fourth quarter valued at approximately $29,000. Finally, Westside Investment Management Inc. increased its stake in CoStar Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after purchasing an additional 180 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting CoStar Group

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

• Positive Sentiment: Q1 results beat on EPS and showed meaningful margin improvement: adjusted EPS $0.23 vs. $0.18 consensus and Adjusted EBITDA roughly doubled year‑over‑year; revenue grew 23% to $897M. CoStar Q1 Revenue Release
• Positive Sentiment: Management raised full‑year Adjusted EBITDA guidance to $780M–$820M and provided FY and Q2 EPS guidance above consensus (FY 1.32–1.39 vs. ~1.24 est; Q2 0.27–0.30). That signals improving underlying profitability if execution continues. Adjusted EBITDA Outlook
• Neutral Sentiment: Market data points that support CoStar’s business: Apartments.com reports steady rent growth (+0.2% April) and CoStar’s own data suggests U.S. office vacancy has stabilized through 2026 — positive for long‑term marketplace demand but gradual in impact. Apartments.com Rent Report
• Neutral Sentiment: CoStar is promoting its corporate website as a primary investor channel — useful for transparency but not a near‑term catalyst. Investor Channel Update
• Negative Sentiment: Despite the beat, shares fell as investors digested ongoing investments (Homes.com spending) and “show‑me” skepticism about sustainable margins; commentary flagged pre‑earnings positioning and profit‑vs‑growth tradeoffs. QuiverQuant Analysis
• Negative Sentiment: Multiple brokers cut price targets today (JPMorgan $82→$70; Citizens/JMP $73→$44; Keefe Bruyette $57→$50; Needham $60→$50). Even with many ratings still constructive, lower targets increase near‑term downside risk and contributed to the selloff. Benzinga Coverage
• Negative Sentiment: Some headlines emphasize that shares fell after the print despite in‑line revenue — highlighting sensitivity to guidance cadence and execution around Homes.com monetization. Zacks: Shares Fall After Earnings

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.