CoStar Group (NASDAQ:CSGP) Given New $35.00 Price Target at BTIG Research

CoStar Group (NASDAQ:CSGP) had its price objective decreased by investment analysts at BTIG Research from $42.00 to $35.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. BTIG Research‘s target price indicates a potential upside of 9.34% from the company’s current price.

A number of other research analysts have also recently weighed in on CSGP. KeyCorp set a $33.00 target price on shares of CoStar Group in a research note on Monday, August 24th. JPMorgan Chase & Co. decreased their price target on CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Wolfe Research reiterated an “outperform” rating and set a $32.00 target price (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. William Blair downgraded CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research report on Monday, September 21st. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, CoStar Group presently has an average rating of “Hold” and an average target price of $40.21.

CoStar Group Price Performance

Shares of CSGP stock opened at $32.01 on Wednesday. CoStar Group has a 1 year low of $25.89 and a 1 year high of $78.95. The firm has a fifty day moving average price of $30.56 and a 200-day moving average price of $37.41. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 168.48 and a beta of 0.80.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, October 27th. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $952.00 million for the quarter, compared to the consensus estimate of $945.82 million. During the same period in the prior year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities research analysts expect that CoStar Group will post 1.07 EPS for the current year.

Insider Activity at CoStar Group

In other news, CEO Andrew C. Florance bought 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the transaction, the chief executive officer owned 1,806,165 shares of the company’s stock, valued at $53,986,271.85. The trade was a 4.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the transaction, the chief accounting officer owned 18,822 shares of the company’s stock, valued at $579,341.16. This represents a 20.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

Large investors have recently bought and sold shares of the business. D.A. Davidson & CO. increased its stake in shares of CoStar Group by 10.3% during the third quarter. D.A. Davidson & CO. now owns 31,879 shares of the technology company’s stock valued at $873,000 after buying an additional 2,988 shares during the period. Redmond Asset Management LLC raised its position in shares of CoStar Group by 134.9% in the 3rd quarter. Redmond Asset Management LLC now owns 37,600 shares of the technology company’s stock valued at $1,030,000 after purchasing an additional 21,592 shares during the last quarter. Motley Fool Asset Management LLC lifted its position in CoStar Group by 5.7% during the 3rd quarter. Motley Fool Asset Management LLC now owns 11,462 shares of the technology company’s stock worth $314,000 after acquiring an additional 615 shares during the period. Pinnacle Wealth Planning Services Inc. increased its holdings in CoStar Group by 128.3% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,431 shares of the technology company’s stock worth $67,000 after buying an additional 1,366 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in shares of CoStar Group by 43.6% during the third quarter. Park Avenue Securities LLC now owns 34,698 shares of the technology company’s stock worth $951,000 after purchasing an additional 10,537 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

Key CoStar Group News

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

• Positive Sentiment: CoStar reported record third-quarter revenue of $952 million, up 14% year over year, while adjusted EBITDA reached a record $229 million, roughly doubling from the prior year. Adjusted earnings of $0.38 per share exceeded the $0.34 consensus estimate, and operating cash flow increased substantially. CoStar Group third-quarter results
• Positive Sentiment: Management raised its 2026 adjusted EBITDA outlook to $820 million-$840 million and set a longer-term target of approximately $1.25 billion in adjusted EBITDA by 2028, reinforcing the potential for margin expansion and stronger cash generation. CoStar raises EBITDA outlook
• Positive Sentiment: CoStar agreed to acquire Vexcel Group for approximately $730 million. Vexcel’s survey-grade aerial imagery and geospatial data could enhance search, discovery, analytics, and digital-twin products across CoStar’s platforms. CoStar to acquire Vexcel
• Neutral Sentiment: The quarter’s GAAP net income was $74 million, or $0.18 per diluted share, while revenue was slightly below at least one Wall Street estimate of $965.1 million. The differing adjusted and GAAP figures may be contributing to investor caution.
• Negative Sentiment: Investors appeared to view the outlook and acquisition spending cautiously. The stock’s decline reflects concern that near-term growth may not justify its elevated valuation, with shares trading well below their 200-day moving average and at a high earnings multiple. CoStar third-quarter stock reaction

About CoStar Group

CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.