CoStar Group (NASDAQ:CSGP) Downgraded by Robert W. Baird to Hold

Robert W. Baird cut shares of CoStar Group (NASDAQ:CSGP) from an outperform rating to a hold rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have $34.00 price target on the technology company’s stock.

CSGP has been the topic of several other reports. Citigroup reduced their price objective on CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and set a $55.00 target price on shares of CoStar Group in a research note on Wednesday, April 29th. Stephens dropped their target price on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Bank of America reduced 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. Finally, Wall Street Zen lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a report on Sunday. Twelve analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CoStar Group has a consensus rating of “Moderate Buy” and a consensus price target of $51.50.

CoStar Group Trading Down 3.8%

Shares of CSGP opened at $27.68 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $11.30 billion, a P/E ratio of 461.41, a price-to-earnings-growth ratio of 0.74 and a beta of 0.74. CoStar Group has a fifty-two week low of $26.68 and a fifty-two week high of $97.43. The business has a 50-day moving average of $31.68 and a 200 day moving average of $43.29.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The company had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. During the same period in the prior year, the company posted ($0.04) EPS. 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. As a group, research analysts forecast that CoStar Group will post 1.03 EPS for the current year.

Insider Activity

In other news, CEO Andrew C. Florance acquired 71,430 shares of the company’s stock in a transaction dated 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 acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CoStar Group

Several institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC lifted its stake in CoStar Group by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock worth $379,000 after acquiring an additional 426 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of CoStar Group by 727.5% during the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after buying an additional 1,295 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of CoStar Group by 860.7% during the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after buying an additional 11,370 shares during the period. Empowered Funds LLC grew its holdings in shares of CoStar Group by 9.2% during the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after acquiring an additional 666 shares in the last quarter. Finally, Woodline Partners LP increased its stake in shares of CoStar Group by 44.6% in the first quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock worth $2,821,000 after acquiring an additional 10,984 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

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.