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

CoStar Group (NASDAQ:CSGP) had its target price decreased by stock analysts at Keefe, Bruyette & Woods from $50.00 to $41.00 in a report released on Monday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 40.20% from the stock’s current price.

CSGP has been the topic of several other reports. Deutsche Bank Aktiengesellschaft set a $44.00 target price on shares of CoStar Group in a research report on Thursday, April 30th. Citigroup dropped their price target on CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Robert W. Baird lowered their price objective on CoStar Group from $73.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. BTIG Research reiterated a “buy” rating and issued a $55.00 target price on shares of CoStar Group in a report on Wednesday, April 29th. Finally, Citizens Jmp cut their target price on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 29th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

CoStar Group Trading Up 3.0%

Shares of CoStar Group stock opened at $29.24 on Monday. CoStar Group has a fifty-two week low of $28.09 and a fifty-two week high of $97.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market capitalization of $11.94 billion, a P/E ratio of 486.50, a P/E/G ratio of 0.73 and a beta of 0.74. The company has a fifty day moving average of $31.94 and a 200 day moving average of $43.83.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $897.00 million during the quarter, compared to analyst estimates of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. CoStar Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last 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. On average, sell-side analysts anticipate that CoStar Group will post 1.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CoStar Group news, CEO Andrew C. Florance bought 71,430 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares in the company, valued at $60,644,848. This trade 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 available at the SEC website. 1.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CoStar Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in CoStar Group in the fourth quarter worth approximately $476,765,000. Baillie Gifford & Co. grew its holdings in CoStar Group by 56.9% during the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after acquiring an additional 4,691,543 shares in the last quarter. Capital International Investors increased its position in CoStar Group by 59.7% during the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after purchasing an additional 4,053,456 shares during the period. Viking Global Investors LP purchased a new position in CoStar Group during the 2nd quarter valued at about $258,773,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of CoStar Group by 70.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock valued at $252,238,000 after purchasing an additional 1,556,100 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

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.