CoStar Group (NASDAQ:CSGP – Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 1.320-1.390 for the period, compared to the consensus EPS estimate of 1.290. The company issued revenue guidance of $3.7 billion-$3.8 billion, compared to the consensus revenue estimate of $3.8 billion. CoStar Group also updated its Q3 2026 guidance to 0.310-0.340 EPS.
Analysts Set New Price Targets
A number of research analysts have issued reports on CSGP shares. Benchmark assumed coverage on CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 price objective for the company. Bank of America lowered their target price on CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 19th. Needham & Company LLC cut their price target on shares of CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Finally, Robert W. Baird set a $34.00 price objective on shares of CoStar Group and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Twelve analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.50.
View Our Latest Research Report on CoStar Group
CoStar Group Stock Performance
CoStar Group (NASDAQ:CSGP – Get Free Report) last released 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. The company had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.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, equities analysts anticipate that CoStar Group will post 1.03 EPS for the current year.
Insiders Place Their Bets
In other news, CEO Andrew C. Florance bought 71,430 shares of the stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the purchase, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.18% of the company’s stock.
Hedge Funds Weigh In On CoStar Group
A number of institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its position in shares of CoStar Group by 9.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after acquiring an additional 426 shares during the last quarter. NewEdge Advisors LLC raised its stake in CoStar Group by 727.5% in the first quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after purchasing an additional 1,295 shares in the last quarter. Jones Financial Companies Lllp lifted its position in CoStar Group by 860.7% during the first quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after purchasing an additional 11,370 shares during the last quarter. Empowered Funds LLC lifted its position in CoStar Group by 9.2% during the first quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after purchasing an additional 666 shares during the last quarter. Finally, Woodline Partners LP grew its stake in CoStar Group by 44.6% in the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock worth $2,821,000 after buying an additional 10,984 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.
CoStar Group Company 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.
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