Citizens Jmp Cuts CoStar Group (NASDAQ:CSGP) Price Target to $78.00

CoStar Group (NASDAQ:CSGP) had its price objective decreased by Citizens Jmp from $100.00 to $78.00 in a report published on Thursday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the technology company’s stock.

Several other brokerages have also recently commented on CSGP. Raymond James Financial set a $74.00 price target on shares of CoStar Group in a research report on Wednesday. Wells Fargo & Company set a $60.00 target price on shares of CoStar Group and gave the stock an “underweight” rating in a report on Monday, November 17th. Jefferies Financial Group raised CoStar Group to a “hold” rating in a research note on Wednesday, October 29th. Citigroup restated a “market outperform” rating on shares of CoStar Group in a research report on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $105.00 price objective on shares of CoStar Group in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.38.

CoStar Group Stock Down 4.7%

NASDAQ:CSGP opened at $58.49 on Thursday. The company has a market cap of $24.79 billion, a price-to-earnings ratio of 1,169.80, a P/E/G ratio of 1.28 and a beta of 0.84. 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 stock’s fifty day moving average price is $66.92 and its two-hundred day moving average price is $78.79. CoStar Group has a 52-week low of $58.41 and a 52-week high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. CoStar Group had a return on equity of 2.45% and a net margin of 0.66%.The company had revenue of $833.60 million during the quarter, compared to the consensus estimate of $823.62 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The firm’s quarterly revenue 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. On average, analysts anticipate that CoStar Group will post 0.94 EPS for the current year.

CoStar Group declared that its board has authorized a stock buyback program on Wednesday, January 7th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On CoStar Group

Hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of CoStar Group in the 2nd quarter valued at approximately $426,783,000. Viking Global Investors LP bought a new position in CoStar Group in the second quarter valued at approximately $258,773,000. Franklin Resources Inc. lifted its stake in CoStar Group by 70.3% in the second quarter. Franklin Resources Inc. now owns 3,439,904 shares of the technology company’s stock valued at $276,568,000 after buying an additional 1,419,732 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of CoStar Group by 1.8% in the third quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock valued at $5,910,662,000 after buying an additional 1,208,958 shares during the period. Finally, Third Point LLC increased its position in shares of CoStar Group by 56.2% during the second quarter. Third Point LLC now owns 3,085,000 shares of the technology company’s stock worth $248,034,000 after acquiring an additional 1,110,000 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group News Summary

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

• Positive Sentiment: Board approved a $1.5 billion share buyback (up to ~5.3% of shares); buybacks can support the stock and signal management sees shares as undervalued. CoStar Group (NASDAQ:CSGP) to Buyback $1.50 billion in Outstanding Shares
• Positive Sentiment: Company set FY26 guidance implying roughly 18% year‑over‑year revenue growth — a growth outlook that supports long‑term valuation if execution continues. CoStar sees ~18% Y/Y growth in FY26 revenue
• Positive Sentiment: CoStar market data shows U.S. office leasing activity rose ~5% in 2025 (Boston strongest); improving leasing fundamentals help demand for CoStar’s data and subscription services. CoStar data shows office leasing activity rose 5% in 2025
• Positive Sentiment: Apartments.com reported a modest rebound in U.S. apartment rent growth in December — a positive signal for CoStar’s rentals/marketplace segment revenue. Apartments.com Releases Multifamily Rent Growth Report for December 2025
• Neutral Sentiment: Analyst survey / deep dive summarizes seven recent ratings — several firms remain positive but many trimmed price targets, showing mixed sentiment among sell‑side analysts. Deep Dive Into CoStar Group Stock: Analyst Perspectives (7 Ratings)
• Neutral Sentiment: Market commentary is asking whether the $1.5B buyback reshapes CoStar’s growth story versus returning cash — importance depends on execution and whether buybacks materially lift EPS. Is CoStar (CSGP) Using Its New $1.5 Billion Buyback To Redefine Its Growth Story?
• Negative Sentiment: Multiple analysts cut price targets recently (BMO lowered to $72; Goldman, Needham, Citizens Jmp also trimmed targets), which can pressure the stock as sell‑side comps and short‑term sentiment weaken. CoStar Group price target lowered to $72 from $77 at BMO Capital

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.