CoStar Group (NASDAQ:CSGP) Cut to Market Perform at William Blair

William Blair cut shares of CoStar Group (NASDAQ:CSGP) from an outperform rating to a market perform rating in a report published on Wednesday, Marketbeat.com reports.

Other equities analysts have also issued research reports about the company. Needham & Company LLC lowered their price target on CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. 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. Wolfe Research reissued an “outperform” rating and issued a $32.00 target price (down from $35.00) on shares of CoStar Group in a report on Wednesday. Wall Street Zen raised CoStar Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Benchmark initiated coverage on CoStar Group in a research report on Thursday, June 4th. They set a “buy” rating and a $45.00 price objective for the company. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, CoStar Group has a consensus rating of “Hold” and an average target price of $41.61.

CoStar Group Trading Down 2.4%

Shares of CSGP opened at $28.76 on Wednesday. The firm’s 50-day moving average price is $30.55 and its 200-day moving average price is $40.14. The company has a current ratio of 2.21, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 151.38, a PEG ratio of 0.77 and a beta of 0.74. CoStar Group has a 1-year low of $25.89 and a 1-year high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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.

Hedge Funds Weigh In On CoStar Group

A number of institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of CoStar Group in the 4th quarter valued at about $476,765,000. Baillie Gifford & Co. increased its holdings in shares of CoStar Group by 56.9% in the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after purchasing an additional 4,691,543 shares during the period. Capital International Investors lifted its stake in shares of CoStar Group by 59.7% in the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after acquiring an additional 4,053,456 shares during the period. Viking Global Investors LP purchased a new stake in shares of CoStar Group in the second quarter valued at about $258,773,000. Finally, Goldman Sachs Group Inc. boosted its holdings in CoStar Group by 70.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock valued at $252,238,000 after purchasing an additional 1,556,100 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting CoStar Group

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

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.