JPMorgan Chase & Co. Issues Pessimistic Forecast for CoStar Group (NASDAQ:CSGP) Stock Price

CoStar Group (NASDAQ:CSGP) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $52.00 to $44.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 61.30% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Wolfe Research reissued an “outperform” rating and set a $32.00 price target (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. BTIG Research decreased their price target on CoStar Group from $42.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday. Wall Street Zen downgraded CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of CoStar Group in a report on Wednesday. Finally, Keefe, Bruyette & Woods cut shares of CoStar Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $41.00 to $29.00 in a research report on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, CoStar Group has an average rating of “Hold” and an average target price of $39.11.

CoStar Group Stock Performance

NASDAQ CSGP traded down $4.73 during trading on Wednesday, reaching $27.28. The company’s stock had a trading volume of 13,015,911 shares, compared to its average volume of 7,029,661. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 143.42, a price-to-earnings-growth ratio of 0.86 and a beta of 0.80. CoStar Group has a 12 month low of $25.89 and a 12 month high of $72.50. The firm has a 50 day moving average price of $30.56 and a 200 day moving average price of $37.41.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, October 27th. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company had revenue of $952.00 million for the quarter, compared to analysts’ expectations of $945.82 million. During the same period last year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities analysts anticipate that CoStar Group will post 1.07 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Red Spruce Capital LLC raised its position in shares of CoStar Group by 101.0% during the second quarter. Red Spruce Capital LLC now owns 76,448 shares of the technology company’s stock worth $2,165,000 after acquiring an additional 38,413 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of CoStar Group by 176.9% in the second quarter. Tidal Investments LLC now owns 68,552 shares of the technology company’s stock worth $1,941,000 after acquiring an additional 43,798 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in CoStar Group in the second quarter valued at approximately $7,516,000. Odyssean LLC bought a new stake in CoStar Group in the second quarter valued at approximately $2,564,000. Finally, Nykredit A S bought a new stake in CoStar Group in the second quarter valued at approximately $11,370,000. Institutional investors 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: CoStar reported record third-quarter revenue of $952 million, up approximately 14% year over year, exceeding consensus estimates. Adjusted EBITDA reached a record $229 million, roughly doubling from the prior year, while earnings per share of $0.38 topped the $0.34 analyst estimate. CoStar Group third-quarter results
• Positive Sentiment: Management raised its 2026 adjusted EBITDA outlook to $820 million-$840 million and set a long-term target of $1.25 billion in adjusted EBITDA for 2028, signaling confidence in cost controls and operating leverage. CoStar raises EBITDA outlook
• Positive Sentiment: The planned Vexcel Group acquisition would add high-resolution aerial imagery and potentially strengthen CoStar’s property-search, analytics, and digital-twin offerings.
• Neutral Sentiment: Analyst sentiment remains mixed: Needham maintained a $40 buy target and BTIG retained a buy rating with a $35 target, while Goldman Sachs, Baird, Keefe, Bruyette & Woods, and Wells Fargo lowered their targets. Wells Fargo continues to rate the stock underweight at $26. Goldman Sachs price target
• Negative Sentiment: Investors appear concerned that the $730 million Vexcel transaction, funded with cash and shares, could increase execution risk, dilute shareholders, and divert capital despite its strategic benefits. CoStar Vexcel acquisition
• Negative Sentiment: Despite the revenue and adjusted EBITDA gains, some coverage highlighted weaker-than-expected forward guidance and continued concerns about residential-market profitability and elevated interest rates, pressuring the stock’s valuation.

CoStar Group Company Profile

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.