CoStar Group, Inc. (NASDAQ:CSGP) Sees Significant Drop in Short Interest

CoStar Group, Inc. (NASDAQ:CSGP) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 16,639,852 shares, a decrease of 24.3% from the March 31st total of 21,977,041 shares. Approximately 4.0% of the shares of the stock are sold short. Based on an average daily volume of 6,279,015 shares, the short-interest ratio is currently 2.7 days.

CoStar Group Trading Up 1.4%

Shares of NASDAQ:CSGP traded up $0.47 during trading on Thursday, hitting $34.61. 7,572,332 shares of the company’s stock were exchanged, compared to its average volume of 6,863,252. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.12. The firm has a market cap of $14.53 billion, a P/E ratio of 3,464.46, a PEG ratio of 0.94 and a beta of 0.92. The firm has a 50-day moving average price of $42.07 and a two-hundred day moving average price of $57.20. CoStar Group has a 1-year low of $33.31 and a 1-year high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. The business had revenue of $897.00 million for the quarter, compared to analyst estimates of $897.69 million. During the same period in the prior year, the business posted ($0.04) earnings per share. CoStar Group’s revenue was up 22.5% compared to the same quarter last year. 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. Equities analysts predict that CoStar Group will post 0.96 earnings per share for the current year.

CoStar Group declared that its board has authorized a stock repurchase plan on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CSGP shares. JPMorgan Chase & Co. dropped their target price on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research note on Friday, March 27th. William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. Zacks Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, BNP Paribas Exane started coverage on CoStar Group in a research report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.59.

More CoStar Group News

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

• Positive Sentiment: Q1 beat and margin progress — CoStar reported $0.23 EPS (vs. $0.18 consensus), revenue up 23% to $897M and Adjusted EBITDA roughly doubled; management raised FY adjusted-EBITDA guidance to $780–$820M and gave Q2/FY EPS guidance above prior consensus. Article Link
• Positive Sentiment: Marketplace and product tailwinds — Apartments.com reported modest rent growth and CoStar research shows U.S. office vacancy stabilizing, which supports demand for CoStar’s data/marketplace products. Office vacancy forecast
• Neutral Sentiment: Investor materials and transparency — management emphasized using its website as a primary investor channel and provided slides/transcript; helpful for tracking execution but not an immediate catalyst. Earnings slide deck
• Negative Sentiment: Analyst price-target cuts and mixed ratings — several firms trimmed targets (Goldman Sachs to $54, Wells Fargo to $33/underweight, JPMorgan to $70, Citizens/Keefe/Needham cuts), increasing headline selling pressure despite many firms keeping buy/overweight stances. Analyst updates (Benzinga)
• Negative Sentiment: Homes.com spending vs. profitability remains a market concern — investors are focused on near-term margin impact from marketplace investment, which likely explains post-earnings positioning and intra-day weakness. Homes.com spending analysis
• Negative Sentiment: Institutional flow volatility — large reported reductions by some institutional holders alongside significant buying by others heightens short-term volatility and could amplify price moves as analyst models are updated. Institutional flow notes

Insider Buying and Selling at CoStar Group

In other CoStar Group news, Director Louise S. Sams purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $48.36 per share, with a total value of $48,360.00. Following the completion of the acquisition, the director directly owned 20,409 shares of the company’s stock, valued at $986,979.24. This represents a 5.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.09% of the company’s stock.

Institutional Trading of CoStar Group

A number of hedge funds have recently modified their holdings of CSGP. Quent Capital LLC acquired a new position in CoStar Group during the third quarter valued at approximately $26,000. Manning & Napier Advisors LLC acquired a new stake in CoStar Group in the third quarter worth $28,000. Westside Investment Management Inc. raised its holdings in CoStar Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock worth $30,000 after purchasing an additional 180 shares during the period. Root Financial Partners LLC bought a new position in shares of CoStar Group during the third quarter worth $31,000. Finally, Reflection Asset Management acquired a new position in shares of CoStar Group in the 4th quarter valued at $27,000. 96.60% of the stock is currently owned by institutional investors and hedge funds.

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.