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

CoStar Group (NASDAQ:CSGP) was downgraded by Robert W. Baird from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities analysts have also weighed in on CSGP. Citizens Jmp dropped their price objective on shares of CoStar Group from $73.00 to $44.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 29th. Royal Bank Of Canada set a $34.00 target price on CoStar Group and gave the company a “sector perform” rating in a research report on Monday. Wall Street Zen downgraded CoStar Group from a “buy” rating to a “hold” rating in a research note on Sunday. The Goldman Sachs Group set a $46.00 price target on CoStar Group and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, Needham & Company LLC reduced their price objective 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. Twelve analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.50.

CoStar Group Stock Performance

Shares of CSGP stock opened at $27.68 on Tuesday. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 461.41, a price-to-earnings-growth ratio of 0.74 and a beta of 0.74. CoStar Group has a 52 week low of $26.68 and a 52 week high of $97.43. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $31.68 and a 200-day moving average of $43.29.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. CoStar Group’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, equities analysts forecast that CoStar Group will post 1.03 earnings per share for the current year.

Insider Buying and Selling at CoStar Group

In related news, CEO Andrew C. Florance bought 71,430 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the acquisition, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This trade represents a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CoStar Group

Institutional investors have recently bought and sold shares of the stock. Douglas Lane & Associates LLC lifted its holdings in CoStar Group by 4.3% during the fourth quarter. Douglas Lane & Associates LLC now owns 683,061 shares of the technology company’s stock worth $45,929,000 after acquiring an additional 28,279 shares during the period. Barclays PLC grew its stake in CoStar Group by 83.4% in the 4th quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock valued at $156,111,000 after purchasing an additional 1,055,584 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in CoStar Group by 100.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock valued at $16,486,000 after purchasing an additional 122,776 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of CoStar Group by 22.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 210,095 shares of the technology company’s stock valued at $14,127,000 after purchasing an additional 38,715 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of CoStar Group during the 3rd quarter valued at $15,629,000. 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.