BMO Capital Markets Cuts CoStar Group (NASDAQ:CSGP) Price Target to $72.00

CoStar Group (NASDAQ:CSGP) had its price target reduced by analysts at BMO Capital Markets from $77.00 to $72.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ price target suggests a potential upside of 16.77% from the company’s previous close.

Other research analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a report on Monday, December 29th. BTIG Research initiated coverage on shares of CoStar Group in a research note on Friday, October 3rd. They issued a “neutral” rating for the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $91.00 price objective on shares of CoStar Group in a report on Thursday, October 9th. Citizens Jmp lowered their target price on CoStar Group from $100.00 to $78.00 and set a “market outperform” rating on the stock in a research note on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $105.00 price objective on shares of CoStar Group in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.93.

CoStar Group Trading Down 8.2%

CSGP opened at $61.66 on Thursday. CoStar Group has a 1-year low of $61.57 and a 1-year high of $97.43. The firm has a 50-day moving average price of $67.29 and a two-hundred day moving average price of $79.08. The stock has a market capitalization of $26.13 billion, a PE ratio of 1,233.20, a PEG ratio of 1.45 and a beta of 0.84. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The company had revenue of $833.60 million for the quarter, compared to analyst estimates of $823.62 million. During the same quarter last year, the firm earned $0.22 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. As a group, equities analysts anticipate that CoStar Group will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Third Point LLC lifted its stake in shares of CoStar Group by 56.2% during the 2nd quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock valued at $248,034,000 after buying an additional 1,110,000 shares in the last quarter. Swedbank AB lifted its position in shares of CoStar Group by 21.0% in the third quarter. Swedbank AB now owns 302,360 shares of the technology company’s stock valued at $25,510,000 after acquiring an additional 52,433 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of CoStar Group by 49.9% in the third quarter. Voya Investment Management LLC now owns 1,846,286 shares of the technology company’s stock worth $155,771,000 after acquiring an additional 614,515 shares during the period. First Citizens Bank & Trust Co. grew its position in shares of CoStar Group by 22.4% during the second quarter. First Citizens Bank & Trust Co. now owns 125,889 shares of the technology company’s stock worth $10,121,000 after purchasing an additional 23,043 shares in the last quarter. Finally, Generali Asset Management SPA SGR raised its stake in CoStar Group by 641.8% during the 3rd quarter. Generali Asset Management SPA SGR now owns 23,880 shares of the technology company’s stock valued at $2,015,000 after purchasing an additional 20,661 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

More CoStar Group News

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

• Positive Sentiment: Board approved a $1.5 billion share repurchase (about 5.3% of shares outstanding), signaling management believes the stock is undervalued and returning cash to shareholders. Read More.
• Positive Sentiment: Company disclosed a medium‑term plan focused on significant adjusted EBITDA expansion and outlined capital allocation priorities (buybacks, margin improvement). This is management signaling improved profitability and shareholder alignment. Read More.
• Positive Sentiment: Management expects ~18% year‑over‑year revenue growth for FY26, reinforcing top‑line strength in its marketplaces and analytics businesses. Read More.
• Positive Sentiment: Analyst coverage: William Blair reiterated a Buy rating and framed the combination of conservative guidance and improved capital allocation as a buying opportunity. Analyst support can stabilize sentiment after a selloff. Read More.
• Neutral Sentiment: CoStar issued FY‑26 EPS guidance of $1.220–$1.330 (consensus ~$1.27) and revenue guidance roughly in line with expectations; the range is conservative but not a large miss — leaves upside dependent on execution. Read More.
• Neutral Sentiment: Corporate governance / compensation tweaks were announced alongside the buyback, presented as shareholder‑aligned changes; impact depends on details and investor reception. Read More.
• Negative Sentiment: CoStar plans to reduce net investment in Homes.com by at least $100M annually through 2030; Barron’s reports investors reacted negatively to the longer timeline to profitability and reduced investment, which likely exacerbated the selloff. Read More.

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.