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

Wall Street Zen downgraded shares of CoStar Group (NASDAQ:CSGP) from a buy rating to a hold rating in a research report report published on Sunday morning.

A number of other equities research analysts have also weighed in on the stock. Wells Fargo & Company set a $26.00 target price on shares of CoStar Group and gave the company an “underweight” rating in a research note on Wednesday, June 24th. Bank of America decreased their price target on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. JPMorgan Chase & Co. lowered their price objective on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. BTIG Research cut their price objective on CoStar Group from $55.00 to $42.00 and set a “buy” rating on the stock in a research report on Wednesday, July 29th. Finally, Stephens reduced their target price on CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, CoStar Group currently has an average rating of “Hold” and a consensus target price of $41.61.

CoStar Group Stock Performance

Shares of CSGP stock opened at $28.76 on Friday. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 151.38, a PEG ratio of 0.76 and a beta of 0.72. The stock has a fifty day moving average of $30.55 and a 200 day moving average of $40.00. CoStar Group has a 52 week low of $25.89 and a 52 week high of $97.43. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. During the same period in the previous year, the firm earned $0.17 EPS. The company’s quarterly 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. As a group, research analysts expect that CoStar Group will post 1.06 earnings per share for the current year.

Hedge Funds Weigh In On CoStar Group

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of CoStar Group in the fourth quarter worth about $476,765,000. Baillie Gifford & Co. grew its holdings in CoStar Group by 56.9% during the 4th 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 in the last quarter. Capital International Investors increased its stake in 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 last quarter. Viking Global Investors LP purchased a new stake in shares of CoStar Group during the 2nd quarter worth approximately $258,773,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of CoStar Group by 70.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock worth $252,238,000 after acquiring an additional 1,556,100 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

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

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.