Key Points
- CoStar CEO Andrew Florance purchased 71,430 shares at an average $35.20 on May 1, spending ~$2.51 million and boosting his direct stake to 1,722,865 shares (a ~4.33% increase), according to an SEC filing.
- CoStar beat Q1 estimates with $0.23 EPS vs. $0.18 consensus and revenue of $897M (up 22.5% year-over-year), and the company provided Q2 ( $0.270–0.300) and FY2026 ( $1.320–1.390) EPS guidance.
- Board authorized a $1.5 billion buyback (up to ~5.3% of outstanding shares), a shareholder-return move that signals management believes the stock may be undervalued.
CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) CEO Andrew Florance acquired 71,430 shares of the business's stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the transaction, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. The trade was a 4.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
CoStar Group Stock Performance
CSGP opened at $35.38 on Tuesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13. The firm has a market cap of $14.45 billion, a PE ratio of 589.76, a P/E/G ratio of 0.89 and a beta of 0.75. The business has a fifty day simple moving average of $41.78 and a 200-day simple moving average of $56.78. CoStar Group, Inc. has a fifty-two week low of $33.31 and a fifty-two week high of $97.43.
CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The company had revenue of $897.00 million for the quarter, compared to analyst estimates of $896.73 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. CoStar Group's revenue for the quarter was up 22.5% compared to the same quarter last year. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, equities analysts predict that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.
CoStar Group declared that its board has authorized a stock repurchase plan on Wednesday, January 7th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.
Trending Headlines about CoStar Group
Here are the key news stories impacting CoStar Group this week:
- Positive Sentiment: CEO insider buy — Chief executive Andrew C. Florance bought 71,430 shares at an average ~$35.20 (about $2.51M), raising his holding by ~4.33%. Insider buying is read as a sign of management confidence and can help prop the share price. CoStar Group CEO Andrew Florance buys $2.51 million in company stock
- Positive Sentiment: Earnings beat and activist exit context — Coverage notes the CEO boosted his stake after the departure of an activist investor and following the April earnings beat (EPS $0.23 vs. $0.18 consensus). Management also provided Q2 and FY2026 EPS guidance (Q2: $0.270–0.300; FY: $1.320–1.390), which frames near-term expectations. That combination (insider buying + better-than-expected results + guidance) is a catalyst for the stock. CoStar CEO boosts stake after activist exit and earnings beat
- Positive Sentiment: Analyst consensus is constructive — Aggregated analyst coverage still shows a bullish tilt (consensus “Moderate Buy”), supporting demand from institutional buyers even as individual targets shift. CoStar Group receives consensus rating of "Moderate Buy"
- Neutral Sentiment: Industry outlook — CoStar’s U.S. retail forecast is described as “balanced through 2026,” implying stable commercial real‑estate fundamentals but not a strong near-term growth surge; this supports a steady revenue backdrop for CoStar’s data/subscription business. CoStar’s U.S. Retail Forecast Remains Balanced Through 2026
- Negative Sentiment: Price-target cut by Stephens — Stephens trimmed its price target from $50 to $42 (still an Overweight rating). A lower target can weigh on sentiment and limit near-term upside, even if the rating remains positive. Stephens lowers CoStar price target to $42 (Benzinga)
Analyst Ratings Changes
CSGP has been the topic of several research analyst reports. Bank of America set a $74.00 target price on CoStar Group in a research note on Wednesday, January 7th. William Blair restated an "outperform" rating on shares of CoStar Group in a report on Tuesday, March 3rd. Zacks Research raised shares of CoStar Group from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. 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 research note on Wednesday, April 29th. Finally, BNP Paribas Exane initiated coverage on shares of CoStar Group in a research report on Wednesday, January 14th. They issued a "neutral" rating and a $64.00 target price for the company. Twelve analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.12.
Get Our Latest Stock Analysis on CoStar Group
Institutional Investors Weigh In On CoStar Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of CoStar Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company's stock valued at $5,910,662,000 after buying an additional 1,208,958 shares during the last quarter. Bamco Inc. NY increased its holdings in CoStar Group by 1.3% in the fourth quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company's stock worth $1,311,052,000 after buying an additional 242,533 shares during the last quarter. State Street Corp increased its holdings in CoStar Group by 1.9% in the fourth quarter. State Street Corp now owns 18,632,352 shares of the technology company's stock worth $1,252,839,000 after buying an additional 348,224 shares during the last quarter. Principal Financial Group Inc. raised its position in CoStar Group by 0.7% during the first quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company's stock valued at $713,866,000 after acquiring an additional 130,118 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in CoStar Group by 56.9% during the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company's stock valued at $869,627,000 after acquiring an additional 4,691,543 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.
About CoStar Group
(
Get Free Report)
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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