CSGP
COSTAR GROUP, INC.Evidence as of 2026-10-17The desk's Snapshot
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Overview · COSTAR GROUP, INC.
CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sal…
Management team
- Mr. Richard Simonelli · Head of Investor RelationsFind on LinkedIn
- Ms. Cyndi Eakin · CAO & CotrollerFind on LinkedIn
- Mr. Christian M. Lown · Chief Financial OfficerFind on LinkedIn
- Mr. Frederick G. Saint · President of MarketplacesFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.8 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Cautious ( -0.8 of a possible + 2 ; was -0.8 before debate) with high confidence. Revenue from contracts with customers was $ 897,000,000 for Q1 2026 (fiscal quarter ended 2026-04-27), $ 925,000,000 for Q2 2026 (fiscal quarter ended 2026-07-27), and $ 833,600,000 for Q3 2025 (fiscal quarter ended 2025-10-27). Gross profit in those same periods was $ 701,000,000, $ 728,000,000, and $ 661,400,000 respectively, while operating income swung from $ 3,000,000 in Q1 2026 to $ 76,000,000 in Q2 2026 after a loss of $ 51,100,000 in Q3 2025.
Point-in-time balance-sheet items show cash and cash equivalents of $ 1,633,000,000 as of 2025-12-31, $ 1,215,000,000 as of 2026-03-31 and $ 1,266,000,000 as of 2026-06-30, and stockholders’ equity moving from $ 8,334,000,000 as of 2025-12-31 to $ 7,913,000,000 as of 2026-03-31 and $ 7,932,000,000 as of 2026-06-30. Long-term debt is reported as $ 140,000,000 as of 2025-12-31 in the 10-K but as $ 1,000,000,000 as of 2026-03-31 and 2026-06-30 in the 10-Qs; enterprise value is $ 12,825,934,068 and trailing twelve-month EBITDA is $ 188,800,000 with trailing twelve-month operating income of $ 900,000 and DDA of $ 187,900,000.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue from contracts with customers was $897,000,000 for fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and $925,000,000 for fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo), while revenue was $833,600,000 for fiscal Q3 2025 (2025-07-01 to 2025-09-30, 3mo).
XBRL companyfacts · 0001057352-26-000035Gross profit was $701,000,000 for fiscal Q1 2026, $728,000,000 for fiscal Q2 2026, and $661,400,000 for fiscal Q3 2025 (each period is a 3-month fiscal quarter as reported).
XBRL companyfacts · 0001057352-26-000035Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The 10-K filed 26 February 2026 adds multiple materially reworded risks focused on customer acquisition/retention, product development, advertising competition, marketplace traffic dependence on search engines, and marketplace listing availability.
10-K filed 2026-02-26The 10-K filed 26 February 2026 discloses that as of December 31, 2025 the company had $1.0 billion of Senior Notes outstanding and approximately $1.1 billion available to be drawn under the 2024 Credit Agreement.
10-K filed 2026-02-26Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Over the past three years the security experienced a maximum drawdown of -72.4% and is currently -66.9% below its three-year high; its three-year drawdown rank is the 7th percentile of the 882-stock research universe (severe relative drawdown).
Moneyta signal set · 2026-10-16Longer-horizon momentum measures are weak: the 12-month-plus-1-month momentum is -66.8% (ranked in the 2th percentile of 882) and 12-month relative strength is -72.4%, while 6-month momentum is -18.7% (17th percentile) and 6-month relative strength vs SPY is -26.1% (17th percentile).
Moneyta signal set · 2026-10-16weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Total reported 13F institutional holdings value is "$11.67B" as of 2026-06-30 (13F filings carry a 45-day reporting lag).
13F holdings · 766 filers · as of 2026-06-30Reported aggregate institutional value declined by "-29.7%" quarter-over-quarter (value_qoq_pct = -29.7) for the period ended 2026-06-30.
13F holdings · 766 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Coverage includes concern that Apartments.com weakness is pressuring CoStar Groups ability to support previous revenue expectations, framing this as an execution-risk story for the company's platform, per a 16 October 2026 headline.
News · finance.yahoo.com · 2026-10-16Several headlines emphasize large historical share-price declines and valuation questions, noting the share price has fallen about 67.5% (headline dated 15 October 2026) and describing the stock as appearing "fairly valued" given recent declines.
News · simplywall.st · 2026-10-15Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Founder and CEO Andrew C. Florance reported an open-market purchase of 83,300 shares for a total value of "$2.5M" on 2026-08-04.
Form 4 · FLORANCE ANDREW C (Founder and CEO) · $2.5M bought · 2026-08-04Chief Accounting Officer Cann Cynthia Cammett reported a sale of 4,788 shares for a total value of "$147k" on 2026-08-07.
Form 4 · Cann Cynthia Cammett (Chief Accounting Officer) · $147k sold · 2026-08-07Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The filings show a trailing twelve-month price-to-earnings ratio of 359.0 and a trailing twelve-month EPS of $0.09.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month free cash flow is negative $23,600,000 and free cash flow per share is negative $0.0584; price-to-free-cash-flow is not available in the provided data.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several firm, company-specific data points in the provided evidence support a favorable read. Quarter-to-quarter revenue and gross-profit increases are reported in the SEC filings, and those line-item filings are strong primary evidence of business activity (fundamentals-0, fundamentals-1). Concurrently, the company materially reduced diluted share count and reported a large share-repurchase payment, while the CEO executed an open-market purchase—these items (fundamentals-4, fundamentals-5, insider-0) are direct, high-quality signals of capital-return activity and insider alignment. Short-term market action and recent commercial wins (market-2, news-2) provide corroborating operational and sentiment context, and the filings show a net-cash position when comparing reported cash to long-term debt as of 2026-06-30 (valuation-3), which is explicit balance-sheet evidence. Financial advisors often suggest that buybacks, insider purchases, improving top-line trends, and a net-cash balance sheet can jointly support a constructive informational read, while remaining mindful of the other risks highlighted in the record.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.37
38 surviving claims rest on 16 distinct sources; the heaviest analyst carries 24% of them, and 96% of what the desk raised survived the debate.
The evidence set rests on a moderate number of distinct sources but a substantial share of surviving claims trace back to a single analyst’s work, so a few inputs carry outsized influence on the read. The high debate-survival rate means most points were retained after review, which raises confidence in consistency but also suggests potential persistence of any shared bias or blind spot in the sources. Taken together, the read is informative but should be weighted with caution for source concentration and analyst-dependence fragility.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
10 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer−0.4 to the score
6 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.8 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−1.0 to the score
2 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis−0.8 to the score
6 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
6 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot+0.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on CSGP Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.