BTIG Research Cuts CoStar Group (NASDAQ:CSGP) Price Target to $42.00

CoStar Group (NASDAQ:CSGP) had its price target reduced by BTIG Research from $55.00 to $42.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. BTIG Research’s price target indicates a potential upside of 38.48% from the company’s current price.

Several other research analysts have also recently commented on CSGP. Citigroup cut their price target 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. Benchmark began coverage on CoStar Group in a report on Thursday, June 4th. They set a “buy” rating and a $45.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Wolfe Research reiterated an “outperform” rating and set a $32.00 target price on shares of CoStar Group in a research note on Wednesday. Finally, Needham & Company LLC decreased their price target on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.17.

CoStar Group Stock Performance

CoStar Group stock opened at $30.33 on Wednesday. CoStar Group has a 12-month low of $26.68 and a 12-month high of $97.43. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 505.58, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The firm’s fifty day moving average price is $30.83 and its 200 day moving average price is $40.64.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 EPS. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. On average, research analysts forecast that CoStar Group will post 1.03 EPS for the current fiscal year.

Insider Activity at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance acquired 71,430 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the transaction, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. This represents a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CSGP. United Capital Financial Advisors LLC raised its position in shares of CoStar Group by 2.3% during the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock worth $637,000 after purchasing an additional 167 shares during the period. Man Group plc boosted its position in CoStar Group by 1.7% during the 2nd quarter. Man Group plc now owns 10,368 shares of the technology company’s stock valued at $834,000 after purchasing an additional 177 shares during the period. Norinchukin Bank The boosted its position in CoStar Group by 0.5% during the 3rd quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock valued at $2,998,000 after purchasing an additional 184 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in CoStar Group by 0.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,517 shares of the technology company’s stock worth $1,446,000 after buying an additional 186 shares during the last quarter. Finally, Keel Point LLC increased its position in CoStar Group by 6.4% in the second quarter. Keel Point LLC now owns 3,830 shares of the technology company’s stock worth $308,000 after buying an additional 231 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group News Summary

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

• Positive Sentiment: CoStar reported second-quarter adjusted earnings of $0.32 per share, above the $0.28–$0.29 analyst consensus and up from $0.17 a year earlier. Revenue rose 18.4% year over year to $925 million, while net income increased sharply and adjusted EBITDA more than doubled, signaling improving profitability. CoStar Group Q2 2026 Results
• Positive Sentiment: Net new bookings reached $69 million, up 3% from the prior quarter, supporting continued demand across CoStar’s real estate marketplaces, information and analytics businesses. Management described the results as a profitability inflection. CoStar Group Q2 2026 Earnings
• Positive Sentiment: Full-year 2026 adjusted EPS guidance of $1.32–$1.39 is above the roughly $1.29 analyst estimate, potentially reinforcing the longer-term earnings-growth story.
• Neutral Sentiment: Management’s second-quarter revenue was slightly below expectations, despite the strong year-over-year growth rate. The company also continues to trade well below its 52-week high, which may be encouraging bargain hunting and speculative buying ahead of earnings.
• Negative Sentiment: Third-quarter guidance was below consensus: adjusted EPS of $0.31–$0.34 versus $0.36 expected, and revenue of $935–$945 million versus approximately $970 million expected. The softer near-term outlook may limit the stock’s upside and explains the mixed market reaction. CoStar Q2 Earnings and Q3 Guidance

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.