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

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

A number of other brokerages have also commented on CSGP. William Blair lowered CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada set a $34.00 price objective on shares of CoStar Group and gave the company a “sector perform” rating in a research report on Monday, July 13th. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Citizens Jmp dropped their target price on shares of CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 target price on shares of CoStar Group in a research note on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.61.

CoStar Group Stock Up 4.4%

Shares of NASDAQ:CSGP opened at $30.03 on Friday. CoStar Group has a 1 year low of $25.89 and a 1 year high of $97.43. The company has a market cap of $12.17 billion, a PE ratio of 158.06, a P/E/G ratio of 0.76 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21. The stock’s 50-day moving average is $30.47 and its 200 day moving average is $39.78.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, topping 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 business’s revenue was up 18.4% on a year-over-year basis. During the same quarter last 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. Sell-side analysts anticipate that CoStar Group will post 1.06 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in CoStar Group in the fourth quarter worth about $476,765,000. Baillie Gifford & Co. grew its holdings in shares of CoStar Group by 56.9% during the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after buying an additional 4,691,543 shares during the last quarter. Capital International Investors grew its holdings in shares of CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after buying an additional 4,053,456 shares during the last quarter. Viking Global Investors LP bought a new stake in shares of CoStar Group during the second quarter valued at approximately $258,773,000. Finally, Goldman Sachs Group Inc. increased its position in shares of CoStar Group by 70.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock valued at $252,238,000 after acquiring an additional 1,556,100 shares in the last quarter. 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.