Citizens Jmp Cuts CoStar Group (NASDAQ:CSGP) Price Target to $35.00

CoStar Group (NASDAQ:CSGP) had its target price trimmed by Citizens Jmp from $44.00 to $35.00 in a report published on Wednesday,Benzinga reports. They currently have a market outperform rating on the technology company’s stock.

Other equities analysts have also issued reports about the company. BTIG Research cut their target price on CoStar Group from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on CoStar Group in a research note on Thursday, April 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Robert W. Baird set a $34.00 price objective on CoStar Group and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Finally, Citigroup cut shares of CoStar Group from a “market outperform” rating to a “neutral” rating and cut their target price for the company from $70.00 to $33.00 in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.61.

CoStar Group Trading Down 2.4%

NASDAQ CSGP opened at $28.76 on Wednesday. The company has a market capitalization of $11.65 billion, a PE ratio of 151.38, a price-to-earnings-growth ratio of 0.77 and a beta of 0.74. The company has a current ratio of 2.21, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. CoStar Group has a 1-year low of $25.89 and a 1-year high of $97.43. The firm’s fifty day simple moving average is $30.55 and its 200-day simple moving average is $40.14.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. As a group, sell-side analysts anticipate that CoStar Group will post 1.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CoStar Group

Several hedge funds have recently added to or reduced their stakes in the stock. United Capital Financial Advisors LLC grew its holdings in shares of CoStar Group by 2.3% in the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock valued at $637,000 after buying an additional 167 shares during the period. Man Group plc lifted its holdings in shares of CoStar Group by 1.7% during the 2nd quarter. Man Group plc now owns 10,368 shares of the technology company’s stock valued at $834,000 after purchasing an additional 177 shares in the last quarter. Norinchukin Bank The raised its holdings in CoStar Group by 0.5% during the 3rd quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock worth $2,998,000 after buying an additional 184 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of CoStar Group by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,517 shares of the technology company’s stock worth $1,446,000 after acquiring an additional 186 shares in the last quarter. Finally, Keel Point LLC lifted its position in CoStar Group by 6.4% in the 2nd quarter. Keel Point LLC now owns 3,830 shares of the technology company’s stock valued at $308,000 after acquiring an additional 231 shares in the last quarter. Institutional investors and hedge funds 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’s second-quarter revenue increased 18.4% year over year, while adjusted earnings of $0.32 per share exceeded the $0.29 consensus estimate. The company also highlighted record revenue growth and maintained third-quarter and full-year 2026 earnings guidance. CoStar Group Q2 2026 Earnings Call Highlights
• Positive Sentiment: Zacks identified CoStar as a potentially attractive long-term growth stock, suggesting its growth profile and Style Scores remain supportive despite recent momentum concerns. Why CoStar Group Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: CoStar data showed UK regional office construction starts fell below 5 million square feet in the second quarter, a 20-year low, while London dominated development. The report reinforces CoStar’s value as a real estate data provider, but weak office construction reflects challenging conditions for parts of the property market. CoStar Data Shows London Dominates UK Office Development
• Negative Sentiment: William Blair, Keefe, Bruyette & Woods and other analysts lowered their ratings, while JPMorgan cut its price target to $52, Citizens JMP reduced its target to $35, and BTIG issued a pessimistic forecast. The changes signal diminishing confidence in the near-term upside. Analyst Rating and Price Target Updates
• Negative Sentiment: Investor concerns include slower momentum, uncertainty around future earnings growth, soft guidance and the departure of Chief Financial Officer Scott Wheeler. CoStar’s quarterly revenue also came in slightly below consensus, and its high price-to-earnings ratio leaves the stock sensitive to any further slowdown. CoStar Group Near-Term Earnings Growth Uncertainty

About CoStar Group

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.