Keefe, Bruyette & Woods Cuts CoStar Group (NASDAQ:CSGP) Price Target to $75.00

CoStar Group (NASDAQ:CSGP) had its price target lowered by Keefe, Bruyette & Woods from $100.00 to $75.00 in a research report report published on Monday,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

Several other research firms have also commented on CSGP. The Goldman Sachs Group set a $78.00 price target on CoStar Group in a research report on Thursday, January 8th. Citizens Jmp cut 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, January 8th. BTIG Research initiated coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a “neutral” rating for the company. Needham & Company LLC lowered their price target on shares of CoStar Group from $105.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $91.00 price objective on shares of CoStar Group in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $82.50.

CoStar Group Trading Up 3.3%

NASDAQ CSGP opened at $63.87 on Monday. CoStar Group has a one year low of $57.01 and a one year high of $97.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 1,277.40, a price-to-earnings-growth ratio of 1.58 and a beta of 0.84. The company’s 50-day simple moving average is $66.42 and its two-hundred day simple moving average is $78.38.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. 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. Equities analysts forecast that CoStar Group will post 0.94 EPS for the current fiscal year.

CoStar Group announced that its board has authorized a stock repurchase program on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On CoStar Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of CoStar Group by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock valued at $5,910,662,000 after acquiring an additional 1,208,958 shares during the period. Bamco Inc. NY grew its stake in CoStar Group by 3.4% during the 2nd quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock valued at $1,582,267,000 after purchasing an additional 647,413 shares during the last quarter. State Street Corp increased its holdings in shares of CoStar Group by 3.1% in the third quarter. State Street Corp now owns 18,284,128 shares of the technology company’s stock valued at $1,542,632,000 after purchasing an additional 551,160 shares during the period. Geode Capital Management LLC increased its holdings in shares of CoStar Group by 2.4% in the second quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company’s stock valued at $989,905,000 after purchasing an additional 290,404 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of CoStar Group by 12.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,406,788 shares of the technology company’s stock worth $624,911,000 after purchasing an additional 821,111 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

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.