CoStar Group (NASDAQ:CSGP) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of CoStar Group (NASDAQ:CSGP) from a buy rating to a hold rating in a research note issued to investors on Sunday.

Other equities analysts have also issued research reports about the company. BTIG Research lowered their price objective on CoStar Group from $55.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Stephens cut their target price on CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Royal Bank Of Canada set a $34.00 target price on CoStar Group and gave the stock a “sector perform” rating in a report on Monday, July 13th. William Blair cut CoStar Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 29th. Finally, Needham & Company LLC decreased their price target on CoStar Group from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.61.

CoStar Group Stock Performance

NASDAQ CSGP opened at $29.82 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $12.08 billion, a P/E ratio of 156.96, a P/E/G ratio of 0.79 and a beta of 0.72. CoStar Group has a 12-month low of $25.89 and a 12-month high of $97.43. The firm has a 50-day moving average price of $30.42 and a two-hundred day moving average price of $39.54.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $928.81 million. During the same period last year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. 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. Analysts anticipate that CoStar Group will post 1.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CSGP. Reflection Asset Management bought a new stake in shares of CoStar Group during the 4th quarter valued at approximately $27,000. Lloyd Advisory Services LLC. acquired a new stake in CoStar Group in the fourth quarter valued at approximately $29,000. DV Equities LLC bought a new stake in shares of CoStar Group during the fourth quarter worth $40,000. IFP Advisors Inc increased its holdings in shares of CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock worth $41,000 after buying an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of CoStar Group by 25,650.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after acquiring an additional 513 shares during the last quarter. Institutional investors and hedge funds 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.