Wall Street Zen Downgrades CoStar Group (NASDAQ:CSGP) to Hold

CoStar Group (NASDAQ:CSGP) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

A number of other analysts have also recently commented on the company. The Goldman Sachs Group set a $46.00 price objective on CoStar Group and gave the company a “buy” rating in a research report on Thursday, June 25th. Needham & Company LLC cut their price target on CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Benchmark started coverage on shares of CoStar Group in a research report on Thursday, June 4th. They set a “buy” rating and a $45.00 price target for the company. Wells Fargo & Company set a $26.00 price objective on shares of CoStar Group and gave the stock an “underweight” rating in a research note on Wednesday, June 24th. Finally, Bank of America decreased their price target on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 19th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

CoStar Group Stock Performance

CSGP stock traded down $0.80 on Friday, hitting $28.39. The company had a trading volume of 5,916,240 shares, compared to its average volume of 6,305,611. CoStar Group has a 12-month low of $28.09 and a 12-month high of $97.43. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $31.94 and its 200 day simple moving average is $43.99. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 473.25, a P/E/G ratio of 0.73 and a beta of 0.74.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $897.00 million during the quarter, compared to analyst estimates of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, equities research analysts expect that CoStar Group will post 1.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Andrew C. Florance purchased 71,430 shares of the company’s stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. This trade represents a 4.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CoStar Group

A number of institutional investors have recently bought and sold shares of the business. Reflection Asset Management bought a new stake in CoStar Group during the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. purchased a new stake in shares of CoStar Group during the fourth quarter worth about $29,000. DV Equities LLC bought a new stake in CoStar Group during the 4th quarter valued at approximately $40,000. IFP Advisors Inc raised its stake in CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after purchasing an additional 471 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in CoStar Group by 25,650.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock worth $43,000 after purchasing an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

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.