Needham & Company LLC Issues Pessimistic Forecast for CoStar Group (NASDAQ:CSGP) Stock Price

CoStar Group (NASDAQ:CSGP) had its target price decreased by investment analysts at Needham & Company LLC from $50.00 to $40.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective points to a potential upside of 31.88% from the stock’s previous close.

Several other brokerages have also recently weighed in on CSGP. The Goldman Sachs Group set a $46.00 price objective on CoStar Group and gave the stock a “buy” rating in a report on Thursday, June 25th. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research note on Wednesday, June 24th. Bank of America reduced their price target on CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Royal Bank Of Canada set a $34.00 price objective on CoStar Group and gave the company a “sector perform” rating in a report on Monday, July 13th. Finally, Benchmark assumed coverage on CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.17.

CoStar Group Stock Performance

Shares of CoStar Group stock opened at $30.33 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a 50 day simple moving average of $30.83 and a 200 day simple moving average of $40.64. CoStar Group has a fifty-two week low of $26.68 and a fifty-two week high of $97.43. The firm has a market cap of $12.39 billion, a P/E ratio of 505.58, a P/E/G ratio of 0.75 and a beta of 0.74.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the company earned $0.17 EPS. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Sell-side analysts predict that CoStar Group will post 1.03 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Andrew C. Florance acquired 71,430 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the transaction, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. This represents a 4.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSGP. Tema ETFs LLC lifted its stake in CoStar Group by 18.3% in the second quarter. Tema ETFs LLC now owns 8,914 shares of the technology company’s stock valued at $252,000 after buying an additional 1,378 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in CoStar Group by 6.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 129,700 shares of the technology company’s stock worth $3,673,000 after purchasing an additional 7,820 shares in the last quarter. Czech National Bank raised its stake in shares of CoStar Group by 0.7% in the 2nd quarter. Czech National Bank now owns 116,234 shares of the technology company’s stock valued at $3,292,000 after purchasing an additional 808 shares during the period. Red Spruce Capital LLC raised its stake in shares of CoStar Group by 101.0% in the 2nd quarter. Red Spruce Capital LLC now owns 76,448 shares of the technology company’s stock valued at $2,165,000 after purchasing an additional 38,413 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of CoStar Group by 227.7% in the second quarter. Versant Capital Management Inc now owns 3,431 shares of the technology company’s stock valued at $97,000 after purchasing an additional 2,384 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.

More CoStar Group News

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

• Positive Sentiment: CoStar reported second-quarter adjusted earnings of $0.32 per share, above the $0.28–$0.29 analyst consensus and up from $0.17 a year earlier. Revenue rose 18.4% year over year to $925 million, while net income increased sharply and adjusted EBITDA more than doubled, signaling improving profitability. CoStar Group Q2 2026 Results
• Positive Sentiment: Net new bookings reached $69 million, up 3% from the prior quarter, supporting continued demand across CoStar’s real estate marketplaces, information and analytics businesses. Management described the results as a profitability inflection. CoStar Group Q2 2026 Earnings
• Positive Sentiment: Full-year 2026 adjusted EPS guidance of $1.32–$1.39 is above the roughly $1.29 analyst estimate, potentially reinforcing the longer-term earnings-growth story.
• Neutral Sentiment: Management’s second-quarter revenue was slightly below expectations, despite the strong year-over-year growth rate. The company also continues to trade well below its 52-week high, which may be encouraging bargain hunting and speculative buying ahead of earnings.
• Negative Sentiment: Third-quarter guidance was below consensus: adjusted EPS of $0.31–$0.34 versus $0.36 expected, and revenue of $935–$945 million versus approximately $970 million expected. The softer near-term outlook may limit the stock’s upside and explains the mixed market reaction. CoStar Q2 Earnings and Q3 Guidance

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.