Stephens Cuts CoStar Group (NASDAQ:CSGP) Price Target to $50.00
by Renee Jackson · The Cerbat GemCoStar Group (NASDAQ:CSGP – Free Report) had its price objective decreased by Stephens from $70.00 to $50.00 in a research note released on Tuesday morning, Marketbeat.com reports. Stephens currently has an overweight rating on the technology company’s stock.
Several other equities analysts have also recently issued reports on the company. Royal Bank Of Canada reduced their price objective on CoStar Group from $75.00 to $57.00 and set a “sector perform” rating for the company in a report on Wednesday, February 25th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a report on Friday, March 27th. Jefferies Financial Group raised CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Friday, February 20th. Finally, The Goldman Sachs Group reduced their price objective on CoStar Group from $73.00 to $63.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.24.
Check Out Our Latest Stock Analysis on CoStar Group
CoStar Group Stock Performance
Shares of CSGP stock opened at $40.04 on Tuesday. The stock has a fifty day moving average price of $43.91 and a 200 day moving average price of $60.12. The stock has a market cap of $16.81 billion, a PE ratio of 4,008.01, a P/E/G ratio of 1.05 and a beta of 0.92. CoStar Group has a 1 year low of $34.75 and a 1 year high of $97.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84.
CoStar Group (NASDAQ:CSGP – Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $899.90 million during the quarter, compared to analysts’ expectations of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.CoStar Group’s revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Sell-side analysts forecast that CoStar Group will post 0.94 earnings per share for the current fiscal year.
CoStar Group declared that its board has authorized a stock repurchase program on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Insiders Place Their Bets
In related news, Director Louise S. Sams purchased 1,000 shares of the company’s stock in a transaction on Friday, March 6th. The stock was bought at an average price of $48.36 per share, with a total value of $48,360.00. Following the completion of the transaction, the director owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This represents a 5.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.09% of the company’s stock.
Hedge Funds Weigh In On CoStar Group
Several hedge funds have recently bought and sold shares of CSGP. SG Americas Securities LLC grew its position in shares of CoStar Group by 15.9% in the first quarter. SG Americas Securities LLC now owns 272,347 shares of the technology company’s stock valued at $10,986,000 after purchasing an additional 37,454 shares during the period. Evolve Private Wealth LLC purchased a new stake in shares of CoStar Group in the first quarter valued at $241,000. Hsbc Holdings PLC grew its position in shares of CoStar Group by 34.2% in the fourth quarter. Hsbc Holdings PLC now owns 987,270 shares of the technology company’s stock valued at $66,392,000 after purchasing an additional 251,750 shares during the period. BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of CoStar Group in the fourth quarter valued at $10,144,000. Finally, Reflection Asset Management purchased a new stake in shares of CoStar Group in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.
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.