Sei Investments Co. Sells 235,221 Shares of CoStar Group, Inc. $CSGP

Sei Investments Co. trimmed its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 37.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 386,558 shares of the technology company’s stock after selling 235,221 shares during the period. Sei Investments Co.’s holdings in CoStar Group were worth $15,591,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CSGP. Douglas Lane & Associates LLC lifted its position in shares of CoStar Group by 4.3% during the fourth quarter. Douglas Lane & Associates LLC now owns 683,061 shares of the technology company’s stock worth $45,929,000 after purchasing an additional 28,279 shares during the last quarter. Barclays PLC grew its holdings in shares of CoStar Group by 83.4% in the fourth quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock worth $156,111,000 after purchasing an additional 1,055,584 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of CoStar Group by 100.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock worth $16,486,000 after purchasing an additional 122,776 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in CoStar Group by 22.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 210,095 shares of the technology company’s stock worth $14,127,000 after buying an additional 38,715 shares during the period. Finally, Baillie Gifford & Co. increased its stake in CoStar Group by 56.9% in the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after buying an additional 4,691,543 shares during the period. Institutional investors own 96.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America lowered their price objective on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, May 19th. Robert W. Baird set a $34.00 price target on shares of CoStar Group and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Wolfe Research reiterated an “outperform” rating and issued a $32.00 price target (down from $35.00) on shares of CoStar Group in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Citigroup downgraded CoStar Group from a “market outperform” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $33.00 in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.61.

CoStar Group Trading Down 1.2%

NASDAQ CSGP opened at $29.46 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.21. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 155.06, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The company’s 50-day simple moving average is $30.65 and its two-hundred day simple moving average is $40.22. CoStar Group, Inc. has a one year low of $25.89 and a one year high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share 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 analysts’ expectations of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company’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. Equities analysts forecast that CoStar Group, Inc. will post 1.05 EPS for the current fiscal year.

Key Headlines Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: CoStar’s second-quarter adjusted earnings of $0.32 per share exceeded the $0.29 consensus estimate, while revenue increased 18.4% year over year to $925 million. Margins widened and the residential segment generated positive EBITDA, supporting the company’s longer-term growth story. CoStar Group Q2 Earnings Beat Estimates, Revenues Increase Year Over Year
• Positive Sentiment: Despite recent target reductions, JPMorgan, BTIG and Needham retained positive ratings, with targets of $52, $42 and $40, respectively. These targets imply substantial upside from recent trading levels if CoStar restores stronger growth and execution. Analysts Offer Insights on CoStar Group
• Neutral Sentiment: July data from Apartments.com showed U.S. apartment rents were essentially flat, rising just 0.03% to $1,747. The eighth consecutive monthly increase is modestly constructive, but the limited growth points to a subdued near-term multifamily environment. Apartments.com Multifamily Rent Growth Report for July 2026
• Negative Sentiment: The principal concern is CoStar’s outlook: reported third-quarter and full-year 2026 EPS guidance of $0.31–$0.34 and $1.32–$1.39, respectively, was viewed as soft. Revenue was roughly in line rather than clearly above expectations, increasing concern that elevated investment spending and slower growth could persist. CoStar Group Q2 2026 Earnings Call Highlights
• Negative Sentiment: Investor sentiment was further weakened by reports questioning the CFO exit and by multiple analyst actions. Keefe, Bruyette & Woods and William Blair downgraded the shares to “market perform,” while several firms lowered price targets, signaling reduced confidence in near-term earnings momentum. Is CoStar Group a Bargain After Soft Guidance and CFO Exit?

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.