CoStar Group (NASDAQ:CSGP) Given New $60.00 Price Target at Needham & Company LLC

CoStar Group (NASDAQ:CSGP) had its target price lowered by Needham & Company LLC from $80.00 to $60.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

CSGP has been the topic of a number of other research reports. Citigroup reissued a “market outperform” rating on shares of CoStar Group in a research report on Thursday, January 8th. Citizens Jmp lowered their target price on shares of CoStar Group from $78.00 to $73.00 and set a “market outperform” rating on the stock in a research note on Wednesday. Bank of America set a $74.00 target price on shares of CoStar Group in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft set a $68.00 target price on shares of CoStar Group in a research report on Thursday, January 8th. Finally, Zacks Research downgraded CoStar Group from a “hold” rating to a “strong sell” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $74.47.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $44.78 on Wednesday. The stock has a market capitalization of $18.98 billion, a P/E ratio of 4,482.48, a P/E/G ratio of 1.29 and a beta of 0.84. The business has a 50-day moving average of $59.23 and a two-hundred day moving average of $71.44. CoStar Group has a fifty-two week low of $43.17 and a fifty-two week high of $97.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. CoStar Group had a return on equity of 2.51% and a net margin of 0.23%.The business had revenue of $900.00 million for the quarter, compared to analyst estimates of $892.22 million. During the same quarter in the prior year, the firm posted $0.26 EPS. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, equities research analysts predict that CoStar Group will post 0.94 EPS for the current fiscal year.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its stake in CoStar Group by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after acquiring an additional 426 shares during the period. NewEdge Advisors LLC grew its holdings in shares of CoStar Group by 727.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock worth $117,000 after purchasing an additional 1,295 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of CoStar Group by 860.7% during the first quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after purchasing an additional 11,370 shares during the period. Empowered Funds LLC increased its position in shares of CoStar Group by 9.2% during the first quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after purchasing an additional 666 shares during the period. Finally, Woodline Partners LP raised its stake in shares of CoStar Group by 44.6% in the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after purchasing an additional 10,984 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Key Stories Impacting CoStar Group

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

• Positive Sentiment: Q4 results beat expectations — CoStar reported $0.31 EPS on $900M revenue, above consensus, with strong bookings and continued revenue growth. This supports the company’s long‑term growth thesis. CoStar Q4 Earnings Beat Estimates, Revenues Up Y/Y, Shares Fall
• Positive Sentiment: Analysts and some firms still point to durable fundamentals — several analysts kept buy/outperform views (while trimming targets), citing FY25 finish, bookings growth and digitization progress as reasons to retain conviction. CoStar Group: Strong FY25 Finish, Robust Bookings Growth…
• Neutral Sentiment: Apartments.com rent report showed modest U.S. apartment rent growth in February — a sector datapoint that supports CoStar’s marketplace trends but is unlikely to move the stock materially on its own. Apartments.com Releases Multifamily Rent Growth Report for February 2026
• Neutral Sentiment: Company administrative update — CoStar expanded use of its website for investor disclosures (procedural, not material to fundamentals). CoStar Expands Use of Website for Investor Disclosures
• Neutral Sentiment: Short‑interest data in feeds shows anomalies (reported as large increase but with zero shares), indicating unreliable/immaterial short‑interest signal today.
• Negative Sentiment: Q1/FY26 guidance disappointed — management set Q1 EPS guidance (0.160–0.190) and revenue guidance below consensus, lowering near‑term earnings visibility and prompting investor selling. Listen to Conference Call / Press Release
• Negative Sentiment: Analysts cut targets and forecasts after the print — multiple firms (Goldman Sachs, RBC, Wells Fargo, Needham, Keefe, others) lowered price targets and trimmed estimates, signaling reduced near‑term expectations and contributing to downward pressure. CoStar Group Analysts Cut Their Forecasts Following Q4 Results
• Negative Sentiment: Market reaction: despite the beat, headlines emphasized the weak outlook and downward revisions, which caused shares to fall on heavier-than-normal volume. CoStar Group beats Q4 estimates but shares dip on weak outlook

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.