Royal Bank of Canada Grows Position in CoStar Group, Inc. $CSGP

Royal Bank of Canada raised its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 9.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,435,734 shares of the technology company’s stock after purchasing an additional 127,792 shares during the quarter. Royal Bank of Canada’s holdings in CoStar Group were worth $57,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CSGP. Rush Island Management LP bought a new stake in CoStar Group in the 1st quarter worth approximately $19,492,000. Empowered Funds LLC grew its holdings in CoStar Group by 329.6% in the 1st quarter. Empowered Funds LLC now owns 40,987 shares of the technology company’s stock worth $1,653,000 after acquiring an additional 31,446 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of CoStar Group by 68.3% in the first quarter. Quantinno Capital Management LP now owns 340,154 shares of the technology company’s stock worth $13,722,000 after purchasing an additional 138,006 shares during the last quarter. Ardmore Road Asset Management LP bought a new stake in shares of CoStar Group in the 1st quarter worth approximately $26,903,000. Finally, Weiss Asset Management LP increased its position in CoStar Group by 1,349.6% during the 1st quarter. Weiss Asset Management LP now owns 497,500 shares of the technology company’s stock valued at $20,069,000 after purchasing an additional 463,180 shares during the period. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CSGP. William Blair downgraded CoStar Group from an “outperform” rating to a “market perform” rating in a report on Wednesday. Wolfe Research reaffirmed an “outperform” rating and issued a $32.00 target price (down from $35.00) on shares of CoStar Group in a report on Wednesday. Citigroup cut CoStar Group from a “market outperform” rating to a “neutral” rating and decreased their price target for the stock from $70.00 to $33.00 in a research note on Wednesday. Bank of America lowered their price objective 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, Robert W. Baird set a $34.00 target price on CoStar Group and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $41.61.

Key CoStar Group News

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

• Positive Sentiment: CoStar’s second-quarter revenue increased 18.4% year over year, while adjusted earnings of $0.32 per share exceeded the $0.29 consensus estimate. The company also highlighted record revenue growth and maintained third-quarter and full-year 2026 earnings guidance. CoStar Group Q2 2026 Earnings Call Highlights
• Positive Sentiment: Zacks identified CoStar as a potentially attractive long-term growth stock, suggesting its growth profile and Style Scores remain supportive despite recent momentum concerns. Why CoStar Group Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: CoStar data showed UK regional office construction starts fell below 5 million square feet in the second quarter, a 20-year low, while London dominated development. The report reinforces CoStar’s value as a real estate data provider, but weak office construction reflects challenging conditions for parts of the property market. CoStar Data Shows London Dominates UK Office Development
• Negative Sentiment: William Blair, Keefe, Bruyette & Woods and other analysts lowered their ratings, while JPMorgan cut its price target to $52, Citizens JMP reduced its target to $35, and BTIG issued a pessimistic forecast. The changes signal diminishing confidence in the near-term upside. Analyst Rating and Price Target Updates
• Negative Sentiment: Investor concerns include slower momentum, uncertainty around future earnings growth, soft guidance and the departure of Chief Financial Officer Scott Wheeler. CoStar’s quarterly revenue also came in slightly below consensus, and its high price-to-earnings ratio leaves the stock sensitive to any further slowdown. CoStar Group Near-Term Earnings Growth Uncertainty

CoStar Group Trading Down 2.4%

Shares of CSGP stock opened at $28.76 on Friday. The stock has a fifty day simple moving average of $30.55 and a two-hundred day simple moving average of $40.14. The firm has a market capitalization of $11.65 billion, a PE ratio of 151.38, a PEG ratio of 0.76 and a beta of 0.74. CoStar Group, Inc. has a 52-week low of $25.89 and a 52-week high of $97.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.21.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The company had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $928.81 million. During the same period in the previous year, the firm earned $0.17 EPS. The firm’s revenue was up 18.4% compared to the same quarter last year. 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. On average, analysts predict that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

CoStar Group 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.